Explorer to Update Resource Report in 2022

In a Jan. 21 analysis observe, Couloir Capital Ltd. commented that diversified mineral explorer Group Ten Metals Inc.’s (PGE:TSX; PGEZF:OTCQB; 5D32:FSE) substantial maiden useful resource report offers a stable basis for added near-term useful resource expansions and upgrades.

The report defined that the platinum group components, valuable and demanding metals firm is continuous with its intensive exploration efforts at its Stillwater West Property in Montana and has achieved quite a few milestones since Couloir first initiated protection on the corporate in early 2021. Notably, Group Ten has managed to advance the Stillwater West Nickel-PGM challenge from an exploratory property with an undefined useful resource to its maiden NI 43-101 useful resource report.

The maiden useful resource report discovered that the property is extremely potential for nickel and platinum group metals (PGMs). In accordance with the report, “the property has an inferred useful resource of 1.56 Blb Ni eq or 6.07 Moz Pd eq, with common grades of 0.45% Ni eq or 1.20 g/t Pd eq.” There are an estimated 2.44 million ounces of PGMs and valuable metals, and 1.11 billion kilos of base metals believed to be within the floor at Stillwater West.

The corporate is now ready to obtain the assay outcomes from 14 holes drilled throughout its 2021 drill program. The agency plans to include these outcomes into an up to date useful resource report in 2022.

The agency entered into an settlement to choice its Black Lake-Drayton potential gold property to Heritage Mining.

Couloir remarked that “that globally M&A for nickel and PGM miners has begun to warmth up, which we consider stands out as the starting of a super-cycle as main gamers within the mining trade search to reposition themselves as suppliers of the metals of the long run economic system (together with nickel and PGMs).”

The corporate has now accomplished 5,138 meters of its 2021 10,000-meter useful resource enlargement drill program. The drilling is anticipated to proceed in Q2/22.

In accordance with Couloir Capital, Group Ten has numerous choices excellent that if exercised would herald round $12.42 million that would offer reserve capital.

The Couloir report famous that its valuation estimates for Group Ten may change favorably if extra assays from the corporate’s 2021 drilling program have a optimistic affect and find yourself being integrated in a 2022 useful resource replace. Different potential optimistic catalyst might probably come from future developments on the agency’s Black Lake-Drayton Undertaking and its choice settlement with Heritage.

Couloir mentioned it’s sustaining its “Purchase” score and updating its truthful worth value valuation for Group Ten Metals Inc. from CA$0.49/share to CA$0.61/share.

Group Ten Metals Inc. shares commerce on the TSX Enterprise Alternate below the image “PGE” and final closed for buying and selling at CA$0.355 on Friday, Jan. 28, 2022. The corporate’s shares additionally commerce below the ticker image “PGEZF” on the OTCQB market.


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Disclosures for Couloir Capital, Group Ten Metals Inc., Jan. 21, 2022

This report has been ready by an analyst on contract with or employed by Couloir Capital Ltd. The analyst certifies that the views expressed on this report which embody the score assigned to the issuer’s shares in addition to the analytical substance and tone of the report precisely displays his or her private views in regards to the topic securities and the issuer. No a part of his / her compensation was, is, or shall be straight or not directly associated to the precise suggestions.
Couloir Capital Ltd. is affiliated Couloir Capital Securities Ltd., an Exempt Market Supplier. They shall be referred to interchangeable as Couloir Capital herein. A part of Couloir Capital’s enterprise is to attach mining firms with appropriate traders that qualify below out there regulatory exemptions. Couloir Capital, its associates and their respective officers, administrators, representatives, researchers and members of their households might maintain positions within the firms talked about on this doc and will purchase and/or promote their securities. Moreover, Couloir Capital might have supplied previously, and will present sooner or later, sure advisory or company finance companies and obtain monetary and different incentives from issuers as consideration for the availability of such companies.
Couloir Capital has ready this doc for basic data functions solely. This doc shouldn’t be thought of a solicitation to buy or promote securities or a advice to purchase or promote securities. The data supplied has been derived from sources believed to be correct however can’t be assured. This doc doesn’t think about the actual funding aims, monetary conditions, or wants of particular person recipients and different points (e.g. prohibitions to investments as a result of legislation, jurisdiction points, and so on.) which can exist for sure individuals. Recipients ought to depend on their very own investigations and take their very own skilled recommendation earlier than investing. Couloir Capital won’t deal with recipients of this doc as purchasers by advantage of getting seen this doc.
Firm particular disclosures, if any, are under:
1. Within the final 12 months, Couloir Capital has been retained below a service or advisory settlement by the topic issuer.
2. Within the final 12 months, Couloir Capital has acquired compensation for funding banking companies.
3. Couloir Capital or a member of the Couloir Capital crew or family, has a protracted place within the shares and/or the choices of the topic issuer.


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