Stillwater Critical Minerals – 14 Drill Holes Including Rhodium Assays Will Be Feeding Into An Updated Resource Estimate At Stillwater West
Michael Rowley, President and CEO of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins us for a larger project update and the work going into the upcoming resource estimate update at their flagship Stillwater West Project in Montana. The most recent maiden resource estimate, that incorporated drilling up through 2020 was released in 2021 and contained 1.1 billion lbs of nickel, copper, and cobalt, with an additional 2.4 million ounces of palladium, platinum, and gold. This upcoming resource will incorporate and the further resource delineation from the 14 holes drilled in 2021, and the upcoming assays for rhodium that will be released to the market soon.
We dive further into the parallels between this Project and the South African Platreef battery metals and platinum group elements mines and development projects found on the northern limb of the Bushveld Igneous Complex. We discuss the value that the 2 key staff additions, Danid Groble and Albie Brits, will be making having had experience working with Ivanhoe on their Platreef project. The focus of the exploration team at present of relogging core, looking for geological structural controls, and reviewing the wealth of potential targets for future drilling in that larger context for the 2023 exploration season.
As we wrap up we discuss the large advantages of a polymetallic deposit such as what is found at Stillwater West, but also how it can be more difficult for investors to get their heads around, so Mike points out that 2/3rds of the value of metals contained is on the battery metals. While the Stillwater district is known for the palladium, platinum, and rhodium, it is really the nickel, copper, cobalt, and potentially the chrome that will drive the valuations and have attracted the conversations with larger mining companies.