Ecora Resources PLC

Ecora Resources PLC CEO, Marc Bishop Lafleche and CFO, Kevin Flynn provide highlights of the 2024 Half Year Results.  “Our portfolio contribution in the first half of 2024 was up 15% year-on-year, driven by a strong performance from Kestrel. H2 portfolio contribution is expected to be principally weighted to the Group’s other producing royalties including production volume growth at Vale's Voisey’s Bay and Capstone Copper's Mantos Blancos mine. Further production growth at Voisey’s Bay is expected thereafter as underground operations ramp-up up to steady state production levels. “Capstone Copper’s updated Feasibility Study on the Santo Domingo project reiterated the project’s robust economics and potential to operate within the lowest cost quartile of global copper mines. BHP’s decision to temporarily suspend operations at its Australian Nickel division, in light of current nickel market weakness, including the construction of West Musgrave, was disappointing but we remain confident in the project’s potential as a low-cost producer of nickel and copper. “We have seen a strong uptick in opportunities to further grow our portfolio, which we continue to evaluate applying our stated investment criteria and a capital allocation priority to maintain a strong balance sheet.” www.ecora-resources.com #ECOR LSE: $ECOR | TSX: $ECOR | OTC: $ECRAF

📣 If you missed the Ecora Resources PLC HY24 results webcast yesterday, we are pleased to provide a replay: https://lnkd.in/eUsVM6E8 We will also be hosting a live presentation via the @InvestorMeetCo platform on 11 September 2024 at 3pm BST. https://lnkd.in/gGWD3dWu #ECOR #LSE #TSX #OTCQX

Today Ecora Resources PLC has announced its Half Year Results! To learn more about our diversified portfolio and growth outlook, tune into our results webcast at 9am BST today, here: https://lnkd.in/eFjhXumP Press release: https://lnkd.in/e7k_7JvC Presentation: https://lnkd.in/eyj2dWbP #ECOR LSE:$ECOR | TSX: $ECOR | OTC: $ECRAF

Ecora Resources PLC is pleased to note NexGen Energy Ltd.’s announcement in relation to one of the best undeveloped uranium assets globally. The update highlights a material expansion of the mineralised zone at Patterson Corridor East, first discovered in March 2024. Off-scale, high-grade uranium intersects coupled with a large mineralised footprint indicate similar characteristics to the world-class Arrow deposit at the same stage of drilling. Ecora holds a 2% Net Smelter Return royalty over certain parts of the SW2 Rook I property, and this exciting discovery falls within our royalty area. We look forward to further updates! Click here for the NexGen release and more information: https://shorturl.at/3IKWA #ECOR #Uranium LSE: $ECOR | TSX: $ECOR | OTC: $ECRAF

Today Capstone Copper has announced the results of an updated Feasibility Study at the Santo Domingo Project, over part of which, Ecora Resources PLC holds a 2% Net Smelter Return royalty.   The study provides an update on technical work advanced since 2020 and shows the robust nature of the project, and demonstrates Capstone continues to build a world class district in Chile and become a leading long-life and low-cost producer of critical metals essential for the world’s decarbonization efforts. We look forward to the next phase of development - A construction decision and the integration of Santo Domingo.   https://lnkd.in/ekn7Br7h

Ecora Resources PLC Resources CFO Kevin Flynn discusses the Q2 2024 highlights. https://lnkd.in/eBED458a $ECRAF #ECOR #ECRAF

Q2 2024 Trading Update Ecora Resources PLC is pleased to share its trading update for the period 1 April to 30 June 2024. Highlights including: - Q2 portfolio contribution of $31.8 million up 63% on Q1 2024 - H1 portfolio contribution of $51.3 million (H1 2023: $44.5 million) - Voisey’s Bay has started the delayed underground ramp up and we are seeing the volume of cobalt being mined starting to increase - Expect continued year on year production volume growth Marc Bishop Lafleche, Chief Executive Officer commented: “We are pleased to have substantially beaten market expectations in the first half of the year. Kestrel was the primary contributor; in the second half we expect to see an increase in the number of deliveries from Voisey’s Bay as the underground operations have started the ramp-up towards steady state production levels which should be achieved in 2026. Although a weak nickel price environment has resulted in BHP pausing the construction of the West Musgrave nickel-copper project, we remain confident in the project’s potential as a low-cost operation over a 25 year mine life with the possibility of further extension.   “Further to our recent Phalaborwa rare earths royalty acquisition, we continue to see opportunities to diversify and grow our royalty portfolio in line with our stated investment criteria and will balance growth with the maintenance of a strong balance sheet.” Full release: https://lnkd.in/dEB8Xqfq … #Ecora #ECOR #LSE #TSX #OTCQX

Ahead of the trading update, scheduled on 24 July Ecora Resources PLC announces a strong quarter at Kestrel and notes a temporary suspension of the West Musgrave project by BHP.   KESTREL: Ecora has been notified that the saleable volumes within its private royalty area during Q2 2024 were materially ahead of expectations at 1.3Mt, driving Kestrel royalty income of US$26.6m. Consequently, the H1 volumes and portfolio contribution from Kestrel were also ahead of expectations at 2.0Mt and US$40.8m respectively.   Saleable production volumes within the Group’s private royalty area in H1 were, therefore, already at the top end of guidance for the FY 2024, which had anticipated a 15-25% increase on FY 2023 volumes of 1.6Mt. At this stage, whilst we are working to understand the potential implications for volumes in H2, we are not expecting to update FY volume guidance and, as per previous guidance, we expect minimal volumes in H2.   For a full copy of this release please click here: https://lnkd.in/e3WWcg_R   WEST MUSGRAVE: In February 2024, BHP announced that it was conducting a review of its Western Australia Nickel operations, and subsequently stated the review would consider the phasing and capital spend for the development of the West Musgrave project.   Today, BHP has announced that these operations, including the construction of the West Musgrave project, will be temporarily suspended from October 2024 with the decision to be reviewed by February 2027.  The full BHP release can be found here: https://lnkd.in/dP-t6HKG   #LSE #TSX #OTCQX #ECOR #ECRAF

📣 We have entered into Rare Earths! We are pleased to announce our entry into rare earths with the acquisition of a 0.85% Gross Revenue Royalty over Rainbow Rare Earths Phalaborwa Project. The acquisition supports our strategy to focus on future facing commodities, further broadening our commodity mix within the space. The key use for the rare earths at Phalaborwa is permanent magnets which are used in wind turbines, EV motors and consumer electronics. Read more about Phalaborwa, one of the most attractive rare earths developments outside of China: Announcement: https://lnkd.in/eppwf88N Presentation: https://lnkd.in/ekmCCibe #RareEarths #Mining #Ecora #EnergyTransition #Royalties