NEXT MINING BOOM

Our African food security investment, Minbos Resources (ASX:MNB), is set to benefit from record fertiliser prices at a time when the world is desperate for new supply.

Today we are adding a new company to our long term investment portfolio, Noble Helium (ASX:NHE) - who is aiming to discover a globally significant helium resource in Tanzania.

GTR intercepted 5,376m of mineralised ground across only ~20% of its project area during its 14,795m maiden drilling program.

The US uranium industry had a major win overnight, with a bill set to be passed that would ban the import of Russian uranium to the US. While the timing of the bill looks to be a direct response to Russia’s invasion of Ukraine, we note that it is also a longer term strategic move to support the American uranium industry.

The latest of these concerns is around supply chain shocks affecting fertiliser prices and a potential global food crisis. If there is one thing that the world can't live without its food.

Our long term exploration investment Galileo Mining (ASX:GAL) has fired up its 2022 drilling program across multiple projects, with the goal of delivering palladium and nickel discoveries.

Russia, now officially cut out of the world’s financial system, has just started buying gold. The shiny metal is now sitting just above resistance at the important US$1900/oz mark. In this macro context, we note that our gold investment Titan Minerals (ASX: TTM), is sitting on several very valuable properties within one of the most sought-after mineral hotspots in the world of late - a place where several major gold companies have flocked to in recent years - Ecuador.

Today BPM Minerals (ASXL:BPM) announced that whilst running EM surveys over its Nickel project in WA it had identified 11 EM conductors. With drill rigs hard to come by in WA, BPM also announced that it had opportunistically moved to secure a drill rig which is expected to start a 3,000m air core (AC) drilling program early next week.

Early-stage metals exploration company Galileo Mining (ASX: GAL) has just found two strong EM conductors directly beneath recent successful air core drilling. It's now getting ready to RC drill them to see if it can make a discovery.

Thomson Resources (ASX:TMZ) is working on Australia’s highest grade undeveloped silver project and today announced the results of its metallurgy studies, revealing a substantial improvement on historical recoveries.

Our investment BPM Minerals (ASX:BPM) today announced that Hawkins project has FINALLY been granted, and with a bit of prep work still to do it looks like it will be drilled sometime in H2 this calendar year.

This week our gold investment Los Cerros (ASX:LCL) announced that it has FINALLY found the southern edge of their seemingly never-ending gold system. This puts them in a good position to announce a JORC resource estimate for the deposit this year.

Our junior gold exploration investment Tempus Resources (ASX: TMR) just took another step closer to potentially bringing its Canadian gold project to life, delivering the result we were hoping for.

Our early stage exploration investment Pantera Minerals (ASX:PFE) has just made a new asset acquisition while it waits to restart drilling on its iron ore project.

Our investment GTi Resources (ASX:GTR) is currently in the middle of a maiden drilling program at its uranium project in the USA. So far, drilling results have exceeded GTR’s expectations - this is after only 10 holes drilled, and another 90 more holes either in progress or still to be drilled.

Today GTR confirmed it has launched its maiden drilling programme in Wyoming - the uranium capital of America where over 80% of domestic supply is produced.

Our investment Tempus Resources (ASX:TMR) is a junior gold explorer that has just completed a drilling program at it’s Canadian gold project.

Our long term exploration investment Galileo Mining (ASX: GAL) is currently “aircore” drilling, chasing a nickel and palladium discovery in Norseman, WA. Today it hit an unexpected (and good) result...