Saoni Banerjee’s Post

Remarkable exploration video of c1910 abandoned coal mine workings showing pillar and stall like working method, timber pit prop support of sandstone roof beam, bedding and orthogonal/cross joint profile control, localised roof slab collapse, coal pillar degradation, tool marked faces and nicely exposed muck free black coal seam. https://lnkd.in/g5c7s2Wd #coalmining #miningrisk #mineworking #mininglegacy #miningreports #miningconsultants #mininginvestigation #minedrilling #coaldrilling

Details of NMCL Mine.

Firstly - a shout out to Calibre Mining Corp, our neighbours in Newfoundland, for releasing these excellent drill results. Secondly - I send a call out to everyone in the mining industry to give some thought and consideration to what I'm about to write regarding Calibre's acquisition of Marathon. Although I could end up being mistaken, I do have some conviction that this is a case study for why single asset producers, single asset developers, etc., should be part of larger organizations. Mining is tough work. We have many risks that we're managing on a daily basis. Frankly, the industry as a whole has done a great job to manage these risks and mitigate for them but shtuff still happens. With single asset developers, sadly as we have seen too many times to count, they tend to struggle through the development phase and these struggles destroy shareholder value. Again, shtuff happens. For this reason, the market is generally very unkind to developers and one can simply use the Lassonde curve as an illustration of how unkind the market can be. These conditions more often than not force these single asset developers into value destroying financings. Many of these companies also don't have the expertise to effectively engineer or build. Their studies are typically based off of the lowest cost estimate that fed into the studies to make the project economics look better for both equity and debt investors. The reality is that most projects fall well behind schedule and the costs end up being a lot more especially in inflationary environments such as the one we've been in for over a year. While in the development phase, single asset developers cannot afford to do much else other than focus on construction and allocate every penny to development. For 2, 3, 4 + years, any chance for new value creation is on hold. As we all know, time is money. One of the "nice-to-haves" for single asset developers is exploration. There is no capital for the geos to go find more ounces, better ounces. In some cases, there is no capital for even grade control drilling. Here we have Calibre, a company that has created some serious value for its shareholders over the past few years who has acquired a distressed businesss (as described above - debate if you want) with a great project, in a great jurisdiction. They've taken over the construction and while they build, they have the financial and technical means and desire to create even more value for shareholders through the drill bit. They are well funded, generate revenue and have a highly experienced team. Future single asset developers, producers take note. You're stronger together than you are alone. Do the right thing for shareholders. For everyone else, don't enable the rinse and repeat we have seen with single asset companies. #mining #investing #mininginvestment #responsiblemining

Multiple thick, high-grade #spodumene-bearing pegmatites discovered beyond the current North American Lithium pit operations and the planned pit shell model. Drill results support the potential for a near-term mineral resource upgrade and possible mine life extension. https://bit.ly/3wAXz06 

📢 Doing better: The latest Issue 42 | April 2024 of MINE Australia in association with Incident Zero is out now! This issue: Improving safety in Australia’s mines, coal expansion in an era of funding uncertainty, Australia leads in autonomous tech adoption and regulation, and much more. Read NOW: https://lnkd.in/gx2skpNN #mineaustralia #doingbetter #miningtechnology #minemagazine #indidentzero #minesafety #mininginnovation #nridigital #QME2024

Just see the conversion rate..☺️☺️☺️ one.of the best project of mine.

Trigon Metals announces the commencement of underground operations at Kombat Mine after 17 years, focusing on prudent restart strategies and financial performance enhancements for the coming year. #TrigonMetals #KombatMine #MiningRevival #FinancialPerformance #UndergroundOperations #StrategicPlanning #ResourceManagement #OperationalEfficiency #MineRestart #MetalsIndustry #CopperMining #EconomicRevitalization #InvestmentOpportunity #Sustainability #FutureOfMining

Nevada Lithium Launches 2024 Drill Program at Bonnie Claire Project The primary goals of the 2024 Drill Program are to confirm the continuity of deep, high-grade lithium-boron mineralization, explore the mineralization to the northeast of the current resource zone, and increase confidence in grade continuity between existing drill holes. Success in these areas could result in an upgrade of the resource classification from Inferred to Indicated or Measured. https://lnkd.in/dHd6fzxf

Mine closures are something we plan for from the very beginning - this is a fascinating perspective.

Mine closures are something we plan for from the very beginning - this is a fascinating perspective.