Overview
MTM Essential Metals Restricted (ASX:MTM) is an Australian mineral exploration and growth firm specializing in uncommon earth parts (REE) and niobium initiatives to satisfy the rising demand for these vital minerals.
Initially integrated to consolidate a number of gold exploration initiatives within the Goldfields area in Western Australia, the corporate’s current discovery of REE on the East Laverton venture has prompted a pivot to the vital metals from gold.
The corporate has taken an extra strategic funding into the REE sector, exercising its choice to accumulate the Pomme REE-Niobium Challenge positioned in Quebec, Canada.
The Pomme venture is a sophisticated carbonatite-hosted uncommon earth and niobium venture with historic drilling that has confirmed the presence of serious REE and niobium mineralisation. Moreover, the venture is in shut proximity to the Montviel REE-niobium deposit which is the biggest undeveloped carbonatite-hosted REE deposit in North America, with a complete useful resource of 266 million tonnes at a grade of 1.46 % complete uncommon earth parts and 0.14 % niobium. This extremely potential asset in a mining-friendly jurisdiction permits MTM Essential Metals to additional improve its portfolio of vital mineral property.
REEs and niobium are on each the Australian and Canadian governments’ vital minerals checklist for his or her worth for the aerospace trade, electrical autos, renewable vitality and as a invaluable export. Recognized for its mining-friendly laws, Canada is the world’s second-largest niobium producer.
Whereas typically neglected, niobium is a high-value vital mineral with costs exceeding US$40,000 per metric tonne and a market dimension that’s anticipated to develop from US$2.38 million in 2022 to US$2.98 million by 2028, at a compounded annual progress price of three.78 %.
Different property in MTM Essential Metals’ portfolio additionally deal with vital minerals to assist the vitality transition.
A workforce with expertise within the vitality sector, geology, worldwide finance, and all through the mining trade leads MTM Essential Metals in direction of its purpose of absolutely exploring its portfolio.
Firm Highlights
- MTM Essential Metals Restricted is an Australian mineral exploration and growth firm specializing in vital mineral property in Canada and Western Australia.
- Uncommon earth parts (REEs) and niobium are on the Australian and Canadian governments’ vital minerals checklist for his or her worth for the aerospace trade, electrical autos, renewable vitality and as a invaluable export.
- The corporate has exercised its unique and binding choice settlement to accumulate the Pomme venture, a sophisticated carbonatite-hosted uncommon earth and niobium asset in Quebec.
- The corporate lately accomplished its maiden diamond drilling program on the Pomme REE-Niobium Challenge with 13 holes drilled for a complete of 5,718 metres. REE mineralisation was visually recognized in all drill holes, indicating a really massive mineralised system.
- The flagship Pomme venture is close to the Montviel Deposit, one of many largest undeveloped carbonatite-hosted REE and niobium deposits in North America.
- The corporate’s Western Australian property deal with vital minerals to assist decarbonization targets.
- The East Laverton asset is potential for clay-hosted REE mineralisation and the corporate has additionally lately recognized a nickel laterite deposit.
- The corporate’s underexplored Ravensthorpe venture is potential for vital minerals together with REE, nickel, lithium and graphite.
- An skilled administration workforce leads the corporate in direction of assembly the rising demand for vital minerals.
Key Tasks
Pomme REE-Niobium Challenge
MTM Essential Metals’ extremely potential Pomme Challenge includes 43 mineral claims and covers 2,400 hectares in Quebec. The asset has confirmed mineralisation which was recognized in historic exploratory drilling.
Challenge Highlights:
- Historic Drilling Reveals Recognized Mineralisation: Accomplished historic drilling campaigns have confirmed the presence of REEs and niobium, together with:
- 7.5 metres at 1.28 % complete uncommon earth parts, 499 components per million (ppm) niobium oxide and 1.43 % phosphorus pentoxide from 319.5 metres
- 16.5 metres at 1.44 % complete uncommon earth parts, 92 ppm niobium oxide and 0.46 % phosphorus pentoxide from 403.5 metres
- 7.5 metres at 1.77 % complete uncommon earth parts, 183 ppm niobium oxide and 0.59 % phosphorus pentoxide from 483 metres
- Shut Proximity to Recognized Deposit: The venture is positioned solely 7 kilometres from the Montviel REE-niobium deposit, the biggest undeveloped carbonatite-hosted deposit in North America. Montviel has a complete useful resource of 266 million tonnes at a grade of 1.46 % complete uncommon earth parts and 0.14 % niobium.
- Entry to Strong Infrastructure: The asset is close to established mining operations and communities, offering entry to an area expert workforce. Moreover, the venture is accessible by highway and is in shut proximity to the hydroelectricity grid.
- 2023 Diamond Drill Program: The diamond drilling program has been efficiently accomplished, with 13 holes drilled for a complete of 5,718 metres. The corporate reported intersecting visible indications of higher-grade uncommon earth parts and niobium mineralisation.
Drill standing map of the Pomme venture, exhibiting present and historic drill gap areas overlain on airborne magnetic survey picture (TMI 1VD).
East Laverton REE Challenge
The Western Australian East Laverton asset covers 3,000 sq. kilometres of extremely potential exploration licenses. The corporate has accomplished early stage exploration applications and aircore drilling that signifies widespread REE mineralisation in clay-hosted deposits. The corporate is extending the geochemical soil sampling program on the Pt Kidman prospect, a part of the East Laverton venture. This system goals to determine extra floor REE anomalies over the MTM tenement space.
Location map of the East Laverton Challenge exhibiting district-scale REE geochemical anomalies, the placement of MTM drill holes and the areas the place additional soil sampling has been accomplished.
Challenge Highlights:
- Potential Clay-hosted Deposits: Has the potential for a broadly developed REE mineralisation system composed of clay-hosted deposits. These kind of deposits comprise concentrated shallow clay zones and are rapidly shaping up in Western Australia.
- Close by Mining Communities: The venture is 350 kilometres northeast of Kalgoorlie-Boulder and roughly 100 kilometres east of Laverton. These close by communities and different initiatives within the space have created a powerful native transportation infrastructure.
- Laterite Nickel Discovery: Assay outcomes from a accomplished air core drilling program confirmed nickel laterite mineralisation on the Seahorse prospect, a part of the East Laverton Challenge with the best grade of two.2 % nickel over a 1 meter interval and quite a few samples >1 % nickel.
Mt Monger Gold Challenge
The Mt Monger asset is inside the Goldfields Area of Western Australia and covers 100 sq. kilometres. The venture is 70 kilometres southeast of Kalgoorlie-Boulder and 45 kilometres east-northeast of Kambalda.
Challenge Highlights:
- Extremely Potential for Gold Mineralisation: The corporate’s Mt Monger venture was initially acquired and explored with a deal with gold; with quite a few identified prospect areas and gold anomalies.
- Shut Proximity to Prolific Tasks: The asset is adjoining to the Silver Lake Assets Ltd (ASX:SLR) Daisy Milano gold operation and their present working 1.2Mtpa Randalls gold processing facility and close by Gold Fields Restricted’s (JSE:GFI) St. Ives gold camp.
Ravensthorpe Essential Minerals Challenge
Ravensthorpe Challenge tenement standing map exhibiting proximity to present mining and venture developments.
The Ravensthorpe asset covers 1,500 sq. kilometres of underexplored claims in Western Australia. The venture is roughly 400 kilometres from Kalgoorlie. The asset has blue-sky potential for REE, lithium, nickel and different vital minerals.
Challenge Spotlight:
- Close to Lively Producing and Exploration Tasks: The Ravensthorpe venture is close by lively vital minerals and gold initiatives, which embrace:
- Mt. Cattlin lithium mine (Allkem)
- Ravensthorpe Nickel-Cobalt mine (First Quantum Minerals)
- Graphite growth at Munglinup (Mineral Commodities) and Springdale (Worldwide Graphite)
Administration Staff
John Hannaford – Non-executive Chairman
John Hannaford is an skilled company government with in depth expertise within the ASX sources sector as company advisor, government, chairman, firm promoter and investor. A certified chartered accountant and fellow of the Securities Institute of Australia, he’s a founder and director of Rockford Companions, a boutique monetary companies firm positioned in Perth, Western Australia.
David Izzard – Non-executive Director
David Izzard is a extremely skilled government and non-executive director with in depth expertise in all points of monetary and business administration at a senior government stage in each listed and unlisted firms. He has a powerful data and expertise of mining operations, instrumental within the formulation of quite a few junior exploration firms, joint ventures and distribution agreements, and steering firms by way of profitable capital elevating, IPOs and commerce gross sales. Izzard is a professional accountant and has an MBA and a Grasp of Mineral Economics. Present directorships embrace Forrestania Assets and Voltiac Strategic Assets.
Lachlan Reynolds – Managing Director
Lachlan Reynolds has a powerful geological background with greater than 30 years of involvement in mineral exploration, venture growth and mining. Reynolds has labored with main mining teams together with WMC in gold, nickel, copper and uranium initiatives overlaying quite a few completely different areas worldwide. During the last 15 years, Reynolds has served as an government and senior supervisor for quite a few ASX-listed firms, together with as MD.
Anthony Hadley – Non-executive Director
Anthony Hadley is a metallurgist, a uncommon earth component (REE) technical professional and a senior supervisor with greater than 30 years of expertise within the mining trade in operations, technical growth of advanced metallurgical flowsheets, venture design and administration, engineering and course of plant commissioning. Hadley has labored extensively within the REE sector in Australia and Canada.
Simon Adams – CFO and Firm Secretary
Simon Adams is an skilled CFO with a background in a variety of industries together with the upstream vitality sector, aquaculture (pearl manufacturing and distribution), hybrid energy techniques (design and manufacture) and mining (gold exploration and mining). Expert in enterprise evaluation, negotiation, workforce constructing and danger administration. Sturdy finance, accounting and administrative expertise. Adams gained a variety of expertise as a senior member of the manager workforce in organisations which have had operations globally together with the USA, Indonesia and Australia.
Antony Zebisch – Exploration Supervisor
Anthony Zebisch has been a professional geologist for 25 years. He has had a broad and diversified vary of expertise each in Australia and around the globe managing exploration applications. He has labored throughout a wide range of commodities, together with nickel, iron, gold, REEs, lithium, copper, and manganese. Zebisch holds an unrestricted quarry managers certificates and a variety of different {qualifications}, together with a B.Sc., graduate diploma (mining), an MBA, and is a member of the Australasian Institute of Mining and Metallurgy.
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