Business
Elemental Altus Provides Portfolio Update
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2023) - Elemental Altus Royalties Corp. (...
About this update from Elemental Royalty Corporation
[{"type":"text","content":"Elemental Altus Provides Portfolio UpdateVancouver, British Columbia--(Newsfile Corp. - March 7, 2023) - Elemental Altus Royalties Corp. (TSXV: ELE) (OTCQX: ELEMF) (\"Elemental Altus\" or \"the Company\") provides a portfolio update regarding developments at several assets in its high-quality royalty and stream portfolio, including at the Karlawinda gold mine, the Wahgnion gold mine and the Mercedes gold mine. Additionally, the Company announces that Sandra Bates (General Counsel) has been appointed Corporate Secretary.HighlightsCapricorn Metals continued to report positive, near-mine drill results at the Karlawinda gold mine in Western AustraliaEndeavour Mining announced an up to 33% increase in 2023 guidance to 150,000 - 165,000 ounces at the Wahgnion gold mine Bear Creek Mining reported continued increase in gold production at the Mercedes gold mine in Mexico and the discovery of new high-grade veins at the Marianas zone close to existing underground infrastructure; 2023 guidance of 65,000 - 75,000 ounces representing a 49% increase relative to 2022Future Metals reported an increase in the Mineral Resource Estimate (\"MRE\") at the Panton PGM-Ni project in Western Australia taking it to 1,120,000 palladium equivalent (\"PdEq\") ounces in the Indicated category at a grade of 4.39 g/t PdEq and 5,758,000 PdEq ounces in the Inferred category at a grade of 1.48 g/t PdEq, making Panton the second largest PGM deposit in AustraliaBig Ridge Gold Corp reported an increase in the MRE at the formerly operating Hope Brook gold project in Newfoundland to 1,206,000 ounces at 2.32 g/t in the Indicated category and 231,000 ounces at 3.24 g/t in the Inferred category, an increase of 43% in total Indicated ounces and a 110% increase in total Inferred ounces from the previous MRE. The update also includes copper, which was previously recovered, for the first time for a total of ~21,000t of copper in the Inferred category at a grade of 0.11% CuCobra Resources announced a maiden Rare Earth Element (\"REE\") MRE of 20.9 Mt at 658ppm Total Rare Earth Oxides (\"TREO\") at the Wudinna project in South Australia, complementing the existing gold MRE (comprising 18,000 ounces at 1.4 g/t in the Indicated category and 193,000 ounces at 1.5 g/t in the Inferred category) Cavalier Resources reported an increase to the MRE of the Crawford gold project in Weste...