Nick Smart on Pedra Branca, PGE Supply and the Road to a PEA
ValOre CEO Nick Smart sat down with Crux Investor at the Precious Metals Summit in Beaver Creek. He covered the supply concentration behind platinum and palladium, how legacy Anglo American data and C$10 million of ValOre drilling doubled the Pedra Branca resource, the two-track metallurgical program, and a phased build strategy ahead of the PEA targeted for year-end 2026.
Interview produced by Crux Investor. Join the conversation at youtube.com/@CRUXInvestor
*The 2022 Technical Report is entitled “Independent Technical Report –Mineral Resource Update on the Pedra Branca PGE Project, Ceará State, Brazil” was prepared as a National Instrument 43-101 Technical Report on behalf of ValOre Metals Corp. with an effective date of March 08, 2022. The 2022 Technical Report by Independent qualified persons, Fábio Valério (P.Geo.) and Porfirio Cabaleiro (P.Eng.), of GE21, commissioned to complete the mineral resource estimate while Chris Kaye of Mine and Quarry Engineering Services Inc. (MQes), was commissioned to review the metallurgical information. The Mineral Resource estimates were prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical, plus economic and mining parameters appropriate to the deposit. Mineral Resources, which are not mineral reserves, do not have demonstrated economic viability, and may be materially affected by environmental, permitting, legal, marketing, and other relevant issues. Mineral Resources are based upon a cut-off grade of 0.4 g/t PGE+Au, correlated to Pd_eq grade of 0.35 g/t, and were limited by an economic pit built in Geovia Whittle 4.3 software and following the geometric and economic parameters as disclosed in the 2022 NI 43-101 Technical Report.
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