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2020-09-24 07:54 ET - News Release
https://www.stockwatch.com/News/Item?bid=Z-C:FCC-2966924&symbol=FCC®ion=C
First Cobalt Announces 13% Operating Cost Reduction for Canadian Cobalt Refinery Project
Canada NewsWire
TORONTO, Sept. 24, 2020
TORONTO, Sept. 24, 2020 /CNW/ - First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF) today provided an update on its ongoing engineering studies for its permitted cobalt refinery in Ontario, Canada. The Company now estimates operating costs of $2.36 per pound of cobalt produced, which represents a 13% reduction that improves refinery margins, enhances project economics, and further solidifies the Refinery's global competitiveness.
KEY HIGHLIGHTS
Operating costs estimate reduced from $2.72/lb of cobalt produced to $2.36/lb of cobalt produced, resulting in approximately $4 million of increased annual pre-tax cash flows compared to results in the May 4 engineering study
Updated capital estimate of $60 million compared to $56 million in the original engineering study
$41 million in undiscounted pre–tax free cashflow to the Project forecasted during the first full year of production
Glencore and First Cobalt have established a Joint Technical Committee that continues to work on further technical and cost enhancements to the refinery.
Final permit amendments and closure plan on track to be submitted before the end of the year
Financing process has moved to phase 2 and the Company is assessing several third-party financing proposals as discussions continue to advance with the private sector and government agencies
The latest engineering work reinforces the value of the First Cobalt Refinery and the long-term value proposition for investors. With a competitive operating cost structure and improved cash flows, the Refinery clearly establishes itself as an important component of the growing North American electric vehicle supply chain.
All amounts in this news release are in US dollars unless otherwise indicated. The engineering study assessed the project economics of the Refinery on a stand-alone basis, assuming a 70% payability factor on the cobalt content of a cobalt hydroxide feed source based on expert forecasts for future payability levels. In order to secure the capital required and a reliable feed source, First Cobalt and Glencore are expected to negotiate terms of a two- to five-year tolling agreement and financing arrangement. As such, the cash flow generated from the Refinery will be shared between the parties and remains subject to ongoing discussions.
On May 4, First Cobalt released results of an engineering study demonstrating strong project economics for significant expansion to First Cobalt's permitted Canadian refinery for what would become North America's only producer of battery-grade cobalt for EV manufacturers. The study estimated the Refinery could produce 5,000 tonnes of cobalt per year, resulting in 25,000 tonnes of cobalt sulfate product for EV batteries.
The Company then commenced an optimization program targeting several opportunities to improve the project economics, including higher cobalt recoveries, extending the life of the dry-stack tailings facility and assessing alternative approaches to managing elevated levels of sodium sulfate in effluent.
Glencore and First Cobalt established a Joint Technical Committee to assess these areas and other opportunities identified by Glencore's processing team. The Committee is comprised of representatives from First Cobalt, Ausenco, Glencore, Glencore Technology and XPS, all of whom have extensive experience in mineral processing, refining and operations.
The significant improvement in operating costs reported today are the result of an alternative approach to managing sodium sulfate in effluent. SGS has commenced new leach tests, that are expected to yield much higher recoveries that the 93% reported in the May 4 engineering study. Receipt of cobalt hydroxide feed material from Glencore's KCC mining operation was received one week ago, owing to COVID-related logistical delays. This in turn, has delayed the commencement of the continuous pilot plant, which will be underway in the coming weeks in consultation with the Joint Technical Committee.
A process led by CIBC to identify third party debt financing partners resulted in numerous proposal submissions, of which several have been retained for further discussion. Conclusion of the financing arrangement and a Glencore commercial contract is not expected until pilot plant work and other project enhancements have progressed.
All parties remained committed to creating a world-class project. As the only permitted cobalt refinery capable of serving the North American EV market, the project continues to be viewed as a strategic North American asset with a first mover advantage to capitalize on a growing battery supply chain in North America and Europe.
Trent Mell, First Cobalt President & CEO, added:
"The Joint Technical Committee recently formed with Glencore has supported our ongoing work on refinery tradeoff studies and identified new opportunities that First Cobalt is now studying. We continue to work on a commercial contract while we pursue additional project optimization work with a global team of engineers and operators that has presented opportunities to First Cobalt to deliver improved project economics.
Our goal is to commission a world-class, globally competitive refinery for the European and North American EV markets and it is imperative that we look at every opportunity to ensure our success."
Project Enhancements
A significant component of total operating costs in the original study, representing a cost of $0.85/lb, involved production, handling, and off-site storage of a mixed sulfate waste product. This waste product consisted primarily of sodium-sulfate. Given the large cost associated with managing this product, it was a primary target for the current work program. The revised approach is to refine the mixed sulfate waste product into a commercial grade sodium sulfate. Sodium-sulfate is a chemical used in a variety of industrial processes and as an additive in consumer goods. The current study took the conservative approach of assuming that this commercial grade product would simply be given away and therefore would not generate any revenue thus removing a large degree of market uncertainty for this stream. Depending on market conditions at the time of start up, it is conceivable that sales of this product could produce a small revenue stream.
The original study identified a total phase 1 tailings capacity of 17 years of which only the first 11 years were considered in the economic evaluation. The current study incorporated the full phase 1 capacity, resulting in 13 years of tailings life due to extra tailings being produced as a result of producing a commercial grade sodium sulfate. The process that produces the commercial grade sodium sulfate itself makes additional tailings. The Company owns another tract of land immediately adjacent to the phase 1 area which could provide an additional 13 years of dry-stack tailings capacity.
One of the major new pieces of equipment required for the production of cobalt sulfate is a crystallizer. The crystallizer and associated equipment are another area that was examined in the current study due to its large cost. Working with vendors already engaged on this project, we have been able to identify an alternate crystallizer supplier. The crystallizer that has been incorporated into the updated study is approximately $1M less expensive and expects to achieve production of the higher quality "heptahydrate" form of cobalt sulfate.
Permitting
Regarding the ability of First Cobalt to legally operate the Refinery under the current regulatory regime in Ontario, three environmental approvals and a closure plan amendment are required. The Air Environmental Compliance Approval (Air ECA) and Industrial Sewage Works Environmental Compliance Approval (ISW ECA) have been submitted, approved and amended from time-to-time by previous owners of the Refinery and remain in good standing for historical throughput levels. The Permit to Take Water (PTTW) is the third environmental approval and requires renewal from time-to-time. A new PTTW application was submitted in March 2020 and is expected to be received in Q4.
For the expansion scenario envisioned by the engineering study, the Air ECA, ISW ECA and the Closure Plan will all require amendment to reflect the new operating and environmental regimes. The permit amendment applications are on track for submission before the end of 2020. Based on the feasibility work conducted to date, no hurdles have been identified which would compromise the approval of these applications. Indigenous Community and public consultation will be continuing throughout the ongoing scoping studies and the approval process.
Pilot Plant Testing
The Company has received additional cobalt hydroxide material from Glencore's KCC mining operation in the Democratic Republic of Congo (DRC) to perform continuous pilot plant testing. The pilot plant will focus on both the leaching and solvent extraction processes, to both increase cobalt recoveries and as part of standard procedures to reduce any process risk prior to construction. SGS has commenced new leach tests, that are expected to yield much higher recoveries that the 93% reported in the May 4 engineering study. Cobalt hydroxide feed material from Glencore's KCC mining operation was only received one week ago, owing to COVID-related logistical delays. This in turn, has delayed the commencement of the continuous pilot plant, which will be underway in the coming weeks in consultation with the Joint Technical Committee. The pilot plant test work is expected to be completed in Q4 2020.
Next Steps
The Company expects to continue to advance and de-risk the Project by pursuing the following activities:
Complete all technical optimization programs, with assistance from Glencore's technical team
Complete continuous pilot plant test work on the leaching and solvent extraction circuits and produce battery grade cobalt sulfate product
Submit the required permit amendments to operate at the expanded 55 TPD throughput rate
Continue to pursue opportunities to further reduce operating costs
Upon completing the activities noted above, a commercial contract and financing package will be finalized prior to a formal construction decision. The financing process, being led by CIBC, has progressed to phase 2. The Company received numerous initial proposals to fund the refinery capital costs and has now selected several of these to move to the next phase of due diligence.
About First Cobalt
First Cobalt owns North America's only permitted cobalt refinery. Cobalt refining is a critical component to the development and manufacturing of batteries for electric vehicles and forms a foundational piece of the next generation of the North American auto sector and other electrified consumer and industrial applications. First Cobalt owns a cobalt project in the United States and controls significant silver and cobalt assets in the Canadian Cobalt Camp, including more than 50 past producing mines.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, which relate to the proposed development of the First Cobalt Refinery, the intended processing of cobalt hydroxide feedstock at the First Cobalt Refinery and the ability to secure financing and feedstock materials necessary to commence production at the First Cobalt Refinery. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE First Cobalt Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2020/24/c5687.html
Contact:
For more information visit firstcobalt.com or contact: Sabrina Gunness, info@firstcobalt.com, +1.416.900.3891
© 2020 Canjex Publishing Ltd. All rights reserved.
https://www.stockwatch.com/News/Item?bid=Z-C:FCC-2966924&symbol=FCC®ion=C
First Cobalt Announces 13% Operating Cost Reduction for Canadian Cobalt Refinery Project
Canada NewsWire
TORONTO, Sept. 24, 2020
TORONTO, Sept. 24, 2020 /CNW/ - First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF) today provided an update on its ongoing engineering studies for its permitted cobalt refinery in Ontario, Canada. The Company now estimates operating costs of $2.36 per pound of cobalt produced, which represents a 13% reduction that improves refinery margins, enhances project economics, and further solidifies the Refinery's global competitiveness.
KEY HIGHLIGHTS
Operating costs estimate reduced from $2.72/lb of cobalt produced to $2.36/lb of cobalt produced, resulting in approximately $4 million of increased annual pre-tax cash flows compared to results in the May 4 engineering study
Updated capital estimate of $60 million compared to $56 million in the original engineering study
$41 million in undiscounted pre–tax free cashflow to the Project forecasted during the first full year of production
Glencore and First Cobalt have established a Joint Technical Committee that continues to work on further technical and cost enhancements to the refinery.
Final permit amendments and closure plan on track to be submitted before the end of the year
Financing process has moved to phase 2 and the Company is assessing several third-party financing proposals as discussions continue to advance with the private sector and government agencies
The latest engineering work reinforces the value of the First Cobalt Refinery and the long-term value proposition for investors. With a competitive operating cost structure and improved cash flows, the Refinery clearly establishes itself as an important component of the growing North American electric vehicle supply chain.
All amounts in this news release are in US dollars unless otherwise indicated. The engineering study assessed the project economics of the Refinery on a stand-alone basis, assuming a 70% payability factor on the cobalt content of a cobalt hydroxide feed source based on expert forecasts for future payability levels. In order to secure the capital required and a reliable feed source, First Cobalt and Glencore are expected to negotiate terms of a two- to five-year tolling agreement and financing arrangement. As such, the cash flow generated from the Refinery will be shared between the parties and remains subject to ongoing discussions.
On May 4, First Cobalt released results of an engineering study demonstrating strong project economics for significant expansion to First Cobalt's permitted Canadian refinery for what would become North America's only producer of battery-grade cobalt for EV manufacturers. The study estimated the Refinery could produce 5,000 tonnes of cobalt per year, resulting in 25,000 tonnes of cobalt sulfate product for EV batteries.
The Company then commenced an optimization program targeting several opportunities to improve the project economics, including higher cobalt recoveries, extending the life of the dry-stack tailings facility and assessing alternative approaches to managing elevated levels of sodium sulfate in effluent.
Glencore and First Cobalt established a Joint Technical Committee to assess these areas and other opportunities identified by Glencore's processing team. The Committee is comprised of representatives from First Cobalt, Ausenco, Glencore, Glencore Technology and XPS, all of whom have extensive experience in mineral processing, refining and operations.
The significant improvement in operating costs reported today are the result of an alternative approach to managing sodium sulfate in effluent. SGS has commenced new leach tests, that are expected to yield much higher recoveries that the 93% reported in the May 4 engineering study. Receipt of cobalt hydroxide feed material from Glencore's KCC mining operation was received one week ago, owing to COVID-related logistical delays. This in turn, has delayed the commencement of the continuous pilot plant, which will be underway in the coming weeks in consultation with the Joint Technical Committee.
A process led by CIBC to identify third party debt financing partners resulted in numerous proposal submissions, of which several have been retained for further discussion. Conclusion of the financing arrangement and a Glencore commercial contract is not expected until pilot plant work and other project enhancements have progressed.
All parties remained committed to creating a world-class project. As the only permitted cobalt refinery capable of serving the North American EV market, the project continues to be viewed as a strategic North American asset with a first mover advantage to capitalize on a growing battery supply chain in North America and Europe.
Trent Mell, First Cobalt President & CEO, added:
"The Joint Technical Committee recently formed with Glencore has supported our ongoing work on refinery tradeoff studies and identified new opportunities that First Cobalt is now studying. We continue to work on a commercial contract while we pursue additional project optimization work with a global team of engineers and operators that has presented opportunities to First Cobalt to deliver improved project economics.
Our goal is to commission a world-class, globally competitive refinery for the European and North American EV markets and it is imperative that we look at every opportunity to ensure our success."
Project Enhancements
A significant component of total operating costs in the original study, representing a cost of $0.85/lb, involved production, handling, and off-site storage of a mixed sulfate waste product. This waste product consisted primarily of sodium-sulfate. Given the large cost associated with managing this product, it was a primary target for the current work program. The revised approach is to refine the mixed sulfate waste product into a commercial grade sodium sulfate. Sodium-sulfate is a chemical used in a variety of industrial processes and as an additive in consumer goods. The current study took the conservative approach of assuming that this commercial grade product would simply be given away and therefore would not generate any revenue thus removing a large degree of market uncertainty for this stream. Depending on market conditions at the time of start up, it is conceivable that sales of this product could produce a small revenue stream.
The original study identified a total phase 1 tailings capacity of 17 years of which only the first 11 years were considered in the economic evaluation. The current study incorporated the full phase 1 capacity, resulting in 13 years of tailings life due to extra tailings being produced as a result of producing a commercial grade sodium sulfate. The process that produces the commercial grade sodium sulfate itself makes additional tailings. The Company owns another tract of land immediately adjacent to the phase 1 area which could provide an additional 13 years of dry-stack tailings capacity.
One of the major new pieces of equipment required for the production of cobalt sulfate is a crystallizer. The crystallizer and associated equipment are another area that was examined in the current study due to its large cost. Working with vendors already engaged on this project, we have been able to identify an alternate crystallizer supplier. The crystallizer that has been incorporated into the updated study is approximately $1M less expensive and expects to achieve production of the higher quality "heptahydrate" form of cobalt sulfate.
Permitting
Regarding the ability of First Cobalt to legally operate the Refinery under the current regulatory regime in Ontario, three environmental approvals and a closure plan amendment are required. The Air Environmental Compliance Approval (Air ECA) and Industrial Sewage Works Environmental Compliance Approval (ISW ECA) have been submitted, approved and amended from time-to-time by previous owners of the Refinery and remain in good standing for historical throughput levels. The Permit to Take Water (PTTW) is the third environmental approval and requires renewal from time-to-time. A new PTTW application was submitted in March 2020 and is expected to be received in Q4.
For the expansion scenario envisioned by the engineering study, the Air ECA, ISW ECA and the Closure Plan will all require amendment to reflect the new operating and environmental regimes. The permit amendment applications are on track for submission before the end of 2020. Based on the feasibility work conducted to date, no hurdles have been identified which would compromise the approval of these applications. Indigenous Community and public consultation will be continuing throughout the ongoing scoping studies and the approval process.
Pilot Plant Testing
The Company has received additional cobalt hydroxide material from Glencore's KCC mining operation in the Democratic Republic of Congo (DRC) to perform continuous pilot plant testing. The pilot plant will focus on both the leaching and solvent extraction processes, to both increase cobalt recoveries and as part of standard procedures to reduce any process risk prior to construction. SGS has commenced new leach tests, that are expected to yield much higher recoveries that the 93% reported in the May 4 engineering study. Cobalt hydroxide feed material from Glencore's KCC mining operation was only received one week ago, owing to COVID-related logistical delays. This in turn, has delayed the commencement of the continuous pilot plant, which will be underway in the coming weeks in consultation with the Joint Technical Committee. The pilot plant test work is expected to be completed in Q4 2020.
Next Steps
The Company expects to continue to advance and de-risk the Project by pursuing the following activities:
Complete all technical optimization programs, with assistance from Glencore's technical team
Complete continuous pilot plant test work on the leaching and solvent extraction circuits and produce battery grade cobalt sulfate product
Submit the required permit amendments to operate at the expanded 55 TPD throughput rate
Continue to pursue opportunities to further reduce operating costs
Upon completing the activities noted above, a commercial contract and financing package will be finalized prior to a formal construction decision. The financing process, being led by CIBC, has progressed to phase 2. The Company received numerous initial proposals to fund the refinery capital costs and has now selected several of these to move to the next phase of due diligence.
About First Cobalt
First Cobalt owns North America's only permitted cobalt refinery. Cobalt refining is a critical component to the development and manufacturing of batteries for electric vehicles and forms a foundational piece of the next generation of the North American auto sector and other electrified consumer and industrial applications. First Cobalt owns a cobalt project in the United States and controls significant silver and cobalt assets in the Canadian Cobalt Camp, including more than 50 past producing mines.
On behalf of First Cobalt Corp.
Trent Mell
President & Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, which relate to the proposed development of the First Cobalt Refinery, the intended processing of cobalt hydroxide feedstock at the First Cobalt Refinery and the ability to secure financing and feedstock materials necessary to commence production at the First Cobalt Refinery. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for First Cobalt, filed on SEDAR at www.sedar.com. Although First Cobalt believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, First Cobalt disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE First Cobalt Corp.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2020/24/c5687.html
Contact:
For more information visit firstcobalt.com or contact: Sabrina Gunness, info@firstcobalt.com, +1.416.900.3891
© 2020 Canjex Publishing Ltd. All rights reserved.
Neues TH 1866 $
[url=https://peketec.de/trading/viewtopic.php?p=2004849#2004849 schrieb:
Kostolanys Erbe
RohstoffExperte
Ort:
Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge:
11.124
Trades:
4
Westhaven drills 7.78 m of 14.84 g/t Au, 39.4 g/t Ag
2020-09-24 10:08 ET - News Release
Mr. Gareth Thomas reports
WESTHAVEN DRILLS 7.78 METRES OF 14.84 G/T GOLD AND 39.40 G/T SILVER AT THE NEWLY DISCOVERED FRANZ ZONE AT SHOVELNOSE
Westhaven Gold Corp. has released drill results from its first hole at the newly discovered Franz zone, part of the 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge gold belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, B.C.
Highlights from SN20-101 (Franz zone):
(18.36 metres to 26.14 m): 7.78 m of 14.84 grams per tonne gold and 39.4 g/t silver;
(41.12 m to 57.44 m): 16.32 m of 2.37 g/t Au and 31.15 g/t Ag;
The newly discovered Franz zone is located approximately 2.8 km along strike from the high-grade gold discovery at the South zone; over half of this strike length has not been drill tested.
Gareth Thomas, president and chief executive officer of Westhaven Gold, stated: "Our goal at the start of this year was to find additional high-grade gold zones at Shovelnose. The Franz zone outcrop was discovered in mid-August and grab samples returned assays of up to 51.1 g/t gold. This drilling confirms that high-grade gold exists at depth and not just on surface. Though we only have the assays back for one hole, we are seeing similar veining and textures in other drill holes at Franz. We will release assays from holes as they are received. It is important to highlight that this 17,000-hectare property is still largely underexplored. We are confident we will find additional high-grade gold zones as mapping, prospecting, geophysics and drilling continues."
Peter Fischl, exploration manager for Westhaven Gold, adds: "These drill results confirm the presence of high-grade gold mineralization encountered in surface grab samples collected on the Franz zone. The zone is currently being tested with one drill. Eight holes have been completed on four sections spaced 50 m apart. The zone has been intersected in all holes, giving a drill-tested strike length of 150 m. The Franz zone appears to be part of a single, northwest-trending, multikilometre-scale, gold-bearing vein system that includes the more recently drilled South zone, and the historic Mik and Tower showings. This vein system will continue to be the focus of much of the exploration effort at the Shovelnose gold project."
Qualified person statement
Mr. Fischl, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this release.
Quality assurance/quality control
Core samples were prepared using the PREP-31 package in ALS's Kamloops facility. Each core sample is crushed to better than 70 per cent passing a two-millimetre (Tyler 9 mesh, US Std. No. 10) screen. A split of 250 grams is taken and pulverized to better than 85 per cent passing a 75 micron (Tyler 200 mesh, US Std. No. 200) screen. Of this pulverized split, 0.75 gram is digested by four acid and analyzed by ICP-MS (method code ME-MS61m (plus mercury)), which reports a 49-element suite of elements. All samples are analyzed by fire assay with an AES finish, method code Au-ICP21 (30-gram sample size). Additional Au screening is performed using ALS's Au-SCR24 method, select samples are dry screened to 100 micron. A duplicate 50-gram fire assay is conducted on the undersized fraction as well as an assay on the entire oversize fraction. Total Au content, individual assays and weight fractions are reported. All analytical and assay procedures are conducted in ALS's North Vancouver facility. A QA/QC program included laboratory and field standards inserted every 25 samples. At least one field blank is inserted in every batch of 25 samples, with additional blanks inserted following samples with visible gold.
About Westhaven Gold Corp.
Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada's newest gold district, the Spences Bridge gold belt. Westhaven controls 37,000 hectares (370 square km) with four 100-per-cent-owned gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, in close proximity to power, rail, large-producing mines and within commuting distance from the city of Merritt, which translates into low-cost exploration.
https://www.stockwatch.com/News/Item?bid=Z-C:WHN-2967117&symbol=WHN®ion=C
Kostolanys Erbe
RohstoffExperte
Ort:
Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge:
11.124
Trades:
4
GoGold drills 11 m of 529 g/t AgEq at Los Ricos North
2020-09-23 09:09 ET - News Release
Mr. Brad Langille reports
GOGOLD RELEASES FIRST RESULTS FROM SALOMON-FAVOUR AT LOS RICOS NORTH, INCLUDING 11M OF 529 G/T AGEQ AND 5M OF 737 G/T AGEQ
GoGold Resources Inc. has released the first assay results from the company's Salomon-Favor target on the Los Ricos North project, which is located approximately five kilometres southeast of the La Trini deposit. The drill program is testing the known zones of mineralization along strike and down dip from the historical underground workings.
...............
https://www.stockwatch.com/News/Item?bid=Z-C:GGD-2966450&symbol=GGD®ion=C
Copper Set for Weekly Loss After Dollar Gains -- Market Talk kupfer
0807 GMT - Copper has staged a small recovery after a strong dollar drove several days of selling this week. Three-month forward contracts on the LME are up 0.1% at $6,584 a metric ton but are on track for a 3.9% weekly loss. After rising for several days, the ICE Dollar Index has fallen 0.1%, offering a breather to base metals which, priced in dollars, tend to fall when the dollar strengthens. Chinese traders will be absent for a week-long national holiday that begins on Thursday which will likely drive more volatility across base metals markets, says Malcolm Freeman, CEO of Kingdom Futures. "That is before you factor in the U.S. Presidential election" as well as lingering concerns about the coronavirus, he adds. (william.horner@wsj.com)
(END) Dow Jones Newswires; September 25, 2020 04:07 ET (08:07 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
0807 GMT - Copper has staged a small recovery after a strong dollar drove several days of selling this week. Three-month forward contracts on the LME are up 0.1% at $6,584 a metric ton but are on track for a 3.9% weekly loss. After rising for several days, the ICE Dollar Index has fallen 0.1%, offering a breather to base metals which, priced in dollars, tend to fall when the dollar strengthens. Chinese traders will be absent for a week-long national holiday that begins on Thursday which will likely drive more volatility across base metals markets, says Malcolm Freeman, CEO of Kingdom Futures. "That is before you factor in the U.S. Presidential election" as well as lingering concerns about the coronavirus, he adds. (william.horner@wsj.com)
(END) Dow Jones Newswires; September 25, 2020 04:07 ET (08:07 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
Goldhandel: In die Tonne mit dem nutzlosen Zeug 
https://www.zeit.de/wirtschaft/2020-09/goldhandel-geldanlage-gold-preis-umweltverschmutzung-rendite-5vor8?utm_source=pocket-newtab-global-de-DE
https://www.zeit.de/wirtschaft/2020-09/goldhandel-geldanlage-gold-preis-umweltverschmutzung-rendite-5vor8?utm_source=pocket-newtab-global-de-DE
Paar Sammel-Ideen:
EMO: Emerita Resources SK 0.305CAD
CBR.V: Cabral Gold Inc. SK 0.63CAD
NSX.V : NSGold Corporation SK 0.44CAD
(leider sehr illiquide)
EMO: Emerita Resources SK 0.305CAD
CBR.V: Cabral Gold Inc. SK 0.63CAD
NSX.V : NSGold Corporation SK 0.44CAD
(leider sehr illiquide)
FRU.TO - Freehold
bin gespannt wie das 3.Quartal lief; der WTI hat sich mittlerweile ja Richtugn 40 USD stabilisiert.
in der Q2 Präsentation schreiben sie das bei über 20 USD sie substantiell einnehmen - Quasi bis 20 für die Dividende und danach ........
theoretisch würde auch die Phantasie für eine Anhebung der Dividende vorhanden sein
bin gespannt wie das 3.Quartal lief; der WTI hat sich mittlerweile ja Richtugn 40 USD stabilisiert.
in der Q2 Präsentation schreiben sie das bei über 20 USD sie substantiell einnehmen - Quasi bis 20 für die Dividende und danach ........
theoretisch würde auch die Phantasie für eine Anhebung der Dividende vorhanden sein
Silver Elephant‘s Sunawayo Returns Assays up to 477 g/t Silver and 20% Lead; All 48 Collected Samples from 4 Areas Return Anomalous Assayed Grades
VANCOUVER, BC / ACCESSWIRE / September 28, 2020 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that all of the initial forty-eight chip and grab samples collected from surface outcrops and adits at its Sunawayo silver project ("Sunawayo") returned anomalous Ag-Pb assayed values. Ten of the assayed samples contain either over 100g/t silver or 10% lead or both. The results vastly exceeded the Company's expectations and are an early indication of the potential for multiple mineral discoveries at Sunawayo.
Located in central Bolivia, the Company's Sunawayo project is contiguous with the Malku Khota project ("MK"). The Malku Khota deposit with a 350million-oz historic silver resource sits 200 meters south of the Sunawayo-MK border ("MK Border"). Sunawayo features a 17km property extent which covers 59.5 square km of prospective area and includes an active 100 ton-per-day open-pit mining operation located 10km north of the MK Border.
In the Company's first-pass reconnaissance, undertaken while possessing only limited site data, Silver Elephant geologists identified at least four high priority areas along the 11km lithological trend that hosts the Malku Khota deposit. These areas are called Caballo Uma, Pujiuni, Mine Area and MK Border.
Sunawayo photos, and maps of the sample locations are posted at http://www.silverelef.com.
VANCOUVER, BC / ACCESSWIRE / September 28, 2020 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that all of the initial forty-eight chip and grab samples collected from surface outcrops and adits at its Sunawayo silver project ("Sunawayo") returned anomalous Ag-Pb assayed values. Ten of the assayed samples contain either over 100g/t silver or 10% lead or both. The results vastly exceeded the Company's expectations and are an early indication of the potential for multiple mineral discoveries at Sunawayo.
Located in central Bolivia, the Company's Sunawayo project is contiguous with the Malku Khota project ("MK"). The Malku Khota deposit with a 350million-oz historic silver resource sits 200 meters south of the Sunawayo-MK border ("MK Border"). Sunawayo features a 17km property extent which covers 59.5 square km of prospective area and includes an active 100 ton-per-day open-pit mining operation located 10km north of the MK Border.
In the Company's first-pass reconnaissance, undertaken while possessing only limited site data, Silver Elephant geologists identified at least four high priority areas along the 11km lithological trend that hosts the Malku Khota deposit. These areas are called Caballo Uma, Pujiuni, Mine Area and MK Border.
Sunawayo photos, and maps of the sample locations are posted at http://www.silverelef.com.
TH 1877, ein zäher Kampf 
[url=https://peketec.de/trading/viewtopic.php?p=2004677#2004677 schrieb:IRISH schrieb am 23.09.2020, 16:58 Uhr[/url]"]1864
[url=https://peketec.de/trading/viewtopic.php?p=2004497#2004497 schrieb:IRISH schrieb am 23.09.2020, 08:13 Uhr[/url]"]Test der 1860 in Gold voraus.
Langsam ziemlich überverkauft die ganzen Buden
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Hat sich jemand mal mit OreCorp beschäftigt? AU:ORR
https://www.orecorp.com.au/
Ich bin hier aktuell nicht investiert, wollte aber gerne mal eure Meinung zu dem Projekt & Management hören.
Mit einer aktuellen Marketcap ca. 113 Mio. AUS$ und der Resource finde ich AU:ORR nicht zu teuer.
Klar ist das Länderrisiko Tansania!
Letzte Präsentation:
https://www.orecorp.com.au/upload/documents/InvestorRelations/Presentations/200310-OreCorpInvestorPresentationRottnestMarch2020.pdf
OreCorp Limited (OreCorp or the Company) is a development and exploration company listed on the Australian Securities Exchange (ASX) under the code ORR. OreCorp's key projects are the Nyanzaga Gold Project (Nyanzaga or Project) in northwest Tanzania, the Hobbes, Jericho and Bunjarra Well Projects in the Eastern Goldfields of Western Australia (WA)and the Akjoujt South Nickel-Copper-Cobalt sulphide Project (ASP) in Mauritania. OreCorp is currently seeking Joint Venture funding for the ASP and to expand its footprint in WA. The Company is well funded with no debt.
OreCorp owns 100% of the Nyanzaga Project through its wholly owned subsidiary companies. Nyanzaga hosts a JORC 2012 compliant Mineral Resource Estimate (MRE) of 23.7Mt @ 4.0g/t gold for 3.07Mozs using a 1.5g/t lower cut-off. A Pre-Feasibility Study has been completed and confirmed the significant potential of the Project. The Project Financing Definitive Feasibility Study (DFS) has commenced.
Nyanzaga Project Highlights
•Forecast life of mine (LOM) average gold production of 213koz per annum over 12 years
•The PFS determined that a concurrent open pit (OP) and underground (UG) mine schedule represents the optimum mining sequence
•The OP will deliver the base load of mineralised material over the LOM and is expected to deliver approximately 1.75Moz of contained gold over its 12 year mine life
•UG mining will commence in Year 1, from a box cut external to the OP, and is expected to produce approximately 1.16Moz (including UG development material) of contained gold. The UG will be developed to a depth of 800m below surface, with the deposit remaining open at depth
•Detailed metallurgical test work in the PFS has confirmed gold recovery of 88% through a conventional 4Mtpa Carbon in Leach (CIL) processing plant, an increase of 3% over the Scoping Study
•Competitive cost position with a forecast All-in Sustaining Cost (AISC) of US$838/oz and All-in-Cost (AIC) of US$858/oz over the LOM
•Pre-production capital cost of US$287M includes OP pre-strip, plant (including first fill inventory), all associated project infrastructure expected and a US$33M contingency
•88% of the MRE is in the Measured and Indicated categories. It is anticipated that a maiden Ore Reserve for Nyanzaga will be prepared as part of the Project Financing DFS
•The PFS has been based on a US$1,250/oz gold price
https://www.orecorp.com.au/
Ich bin hier aktuell nicht investiert, wollte aber gerne mal eure Meinung zu dem Projekt & Management hören.
Mit einer aktuellen Marketcap ca. 113 Mio. AUS$ und der Resource finde ich AU:ORR nicht zu teuer.
Klar ist das Länderrisiko Tansania!
Letzte Präsentation:
https://www.orecorp.com.au/upload/documents/InvestorRelations/Presentations/200310-OreCorpInvestorPresentationRottnestMarch2020.pdf
OreCorp Limited (OreCorp or the Company) is a development and exploration company listed on the Australian Securities Exchange (ASX) under the code ORR. OreCorp's key projects are the Nyanzaga Gold Project (Nyanzaga or Project) in northwest Tanzania, the Hobbes, Jericho and Bunjarra Well Projects in the Eastern Goldfields of Western Australia (WA)and the Akjoujt South Nickel-Copper-Cobalt sulphide Project (ASP) in Mauritania. OreCorp is currently seeking Joint Venture funding for the ASP and to expand its footprint in WA. The Company is well funded with no debt.
OreCorp owns 100% of the Nyanzaga Project through its wholly owned subsidiary companies. Nyanzaga hosts a JORC 2012 compliant Mineral Resource Estimate (MRE) of 23.7Mt @ 4.0g/t gold for 3.07Mozs using a 1.5g/t lower cut-off. A Pre-Feasibility Study has been completed and confirmed the significant potential of the Project. The Project Financing Definitive Feasibility Study (DFS) has commenced.
Nyanzaga Project Highlights
•Forecast life of mine (LOM) average gold production of 213koz per annum over 12 years
•The PFS determined that a concurrent open pit (OP) and underground (UG) mine schedule represents the optimum mining sequence
•The OP will deliver the base load of mineralised material over the LOM and is expected to deliver approximately 1.75Moz of contained gold over its 12 year mine life
•UG mining will commence in Year 1, from a box cut external to the OP, and is expected to produce approximately 1.16Moz (including UG development material) of contained gold. The UG will be developed to a depth of 800m below surface, with the deposit remaining open at depth
•Detailed metallurgical test work in the PFS has confirmed gold recovery of 88% through a conventional 4Mtpa Carbon in Leach (CIL) processing plant, an increase of 3% over the Scoping Study
•Competitive cost position with a forecast All-in Sustaining Cost (AISC) of US$838/oz and All-in-Cost (AIC) of US$858/oz over the LOM
•Pre-production capital cost of US$287M includes OP pre-strip, plant (including first fill inventory), all associated project infrastructure expected and a US$33M contingency
•88% of the MRE is in the Measured and Indicated categories. It is anticipated that a maiden Ore Reserve for Nyanzaga will be prepared as part of the Project Financing DFS
•The PFS has been based on a US$1,250/oz gold price
Decade samples up to 475 g/t Au at Lord Nelson
2020-09-29 07:40 ET - News Release
Mr. Ed Kruchkowski reports
DECADE ANNOUNCES HIGH GOLD ASSAYS UP TO 475 G/T INDICATED IN LORD NELSON EXPLORATION AND FURTHER DELINEATION OF THE SILVER-GOLD ZONES IN THE DEL NORTE DRILLING
Decade Resources Ltd. has provided an update on exploration on the two properties optioned from Teuton Resources Corp. within British Columbia's Golden Triangle located 34 kilometres east of Stewart, B.C.
LORD NELSON EXPLORATION
Highlights of work to date on the Lord Nelson property include:Exploration on the Lord Nelson tenures indicate gold-copper bearing stringers in a stockwork zone that is at least 120m to 200m wide.Work to date indicates that the zone appears to be at least 1.2 km long.Gold values ranging from 0.7 g/t to 475 g/t and copper values ranging from 1.4 to 11.9 % in grab samples were obtained.The newly defined zone is along the Lord Nelson/Del Norte property boundary.
The following table shows the results for sampling on this newly outlined zone:
Sample NumberSample Type g/t Goldg/t Silver% Copper
A20-62 Grab* 36.5 133 0.72
A20-63 0.7m channel 10.3 98.7 0.74
A20-93 Grab* 5.18 15.4 1.4
A20-94 Grab* 475.0 >100 11.9
A20-95 Grab* 0.70 9.4 2.43
A20-96 Grab* 2.71 >100 8.59
A20-97 Grab* 3.23 41.4 3.1
KKM-03 Grab* 119.0 25.5 8.99
KKM-04 Grab* 32.0 26.0 3.56
2020-09-29 07:40 ET - News Release
Mr. Ed Kruchkowski reports
DECADE ANNOUNCES HIGH GOLD ASSAYS UP TO 475 G/T INDICATED IN LORD NELSON EXPLORATION AND FURTHER DELINEATION OF THE SILVER-GOLD ZONES IN THE DEL NORTE DRILLING
Decade Resources Ltd. has provided an update on exploration on the two properties optioned from Teuton Resources Corp. within British Columbia's Golden Triangle located 34 kilometres east of Stewart, B.C.
LORD NELSON EXPLORATION
Highlights of work to date on the Lord Nelson property include:Exploration on the Lord Nelson tenures indicate gold-copper bearing stringers in a stockwork zone that is at least 120m to 200m wide.Work to date indicates that the zone appears to be at least 1.2 km long.Gold values ranging from 0.7 g/t to 475 g/t and copper values ranging from 1.4 to 11.9 % in grab samples were obtained.The newly defined zone is along the Lord Nelson/Del Norte property boundary.
The following table shows the results for sampling on this newly outlined zone:
Sample NumberSample Type g/t Goldg/t Silver% Copper
A20-62 Grab* 36.5 133 0.72
A20-63 0.7m channel 10.3 98.7 0.74
A20-93 Grab* 5.18 15.4 1.4
A20-94 Grab* 475.0 >100 11.9
A20-95 Grab* 0.70 9.4 2.43
A20-96 Grab* 2.71 >100 8.59
A20-97 Grab* 3.23 41.4 3.1
KKM-03 Grab* 119.0 25.5 8.99
KKM-04 Grab* 32.0 26.0 3.56
Hi, also für liest sich das Projekt sehr interessant; Länderrisiko ja...aber im Moment sicher besser als z.B. in Somalia o.ä.
kaufen würde ich erst wenn die Mine wirklich da steht und in Produktion läuft...
kaufen würde ich erst wenn die Mine wirklich da steht und in Produktion läuft...
[url=https://peketec.de/trading/viewtopic.php?p=2005615#2005615 schrieb:
Copper Falls as Inventory Surge Eases Supply Worries -- Market Talk kupfer
1605 GMT - Copper prices are lower as inventories of the metal continue to surge, countering views that the metal is in short supply and lowering expectations about the strength of demand. Three-month copper futures on the LME are down 0.3% at $6,576.50 a metric ton. LME inventories have surged for a second day, rising 32% to 136,325 tons. Inventories earlier this month hit a 15 year low of 73,425 tons but have jumped 85% this week. "The substantial inflows into LME warehouses have eased the near-term tightness that has propelled copper to multi-year highs," say analysts at TD Securities. (william.horner@wsj.com)
(END) Dow Jones Newswires; September 29, 2020 12:06 ET (16:06 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
1605 GMT - Copper prices are lower as inventories of the metal continue to surge, countering views that the metal is in short supply and lowering expectations about the strength of demand. Three-month copper futures on the LME are down 0.3% at $6,576.50 a metric ton. LME inventories have surged for a second day, rising 32% to 136,325 tons. Inventories earlier this month hit a 15 year low of 73,425 tons but have jumped 85% this week. "The substantial inflows into LME warehouses have eased the near-term tightness that has propelled copper to multi-year highs," say analysts at TD Securities. (william.horner@wsj.com)
(END) Dow Jones Newswires; September 29, 2020 12:06 ET (16:06 GMT); Copyright (c) 2020 Dow Jones & Company, Inc.
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Liberty Gold drills 24.4 m of 1.02 g/t Au at Black Pine
2020-09-29 06:13 ET - News Release
Mr. Cal Everett reports
LIBERTY GOLD EXTENDS THE D-1 ZONE TO THE NORTHWEST, INCLUDING 1.02 G/T AU OVER 24.4 M IN LBP179 AND 1.18 G/T AU OVER 16.8 M IN LBP173
Liberty Gold Corp. has released additional reverse circulation (RC) drill results from the 2020 drill program at its Carlin-style Black Pine oxide gold property in southern Idaho. Liberty Gold identified nine regional oxide gold targets over a 7.3-square-kilometre permit area. To date, six targets have been tested, with assay results back from four, resulting in the D-1 Southeast extension, D-1 Northwest extension, D-3 and F zone discoveries.
"We continue to identify additional areas of oxide gold in our regional drilling program at Black Pine, with every target to date returning encouraging results and discoveries," commented Cal Everett, president and chief executive officer of Liberty Gold. "Following the successful sale of our 40-per-cent interest in the Halilaga porphyry gold-copper (Au-Cu) deposit in Turkey, Liberty Gold is assessing options with respect to how to crystallize value in our 60-per-cent ownership interest in the TV Tower project, located 13 km to the northwest of Halilaga. We are pleased to announce the resumption of drilling at TV Tower after a five-year exploration hiatus. We are testing a large Au-Cu porphyry target last drilled in 2014, which returned 499.1 metres grading 0.36 gram per tonne gold and 0.13 per cent copper. Core photographs from the first hole are shown [on the company's website], a second hole is in progress. This is a limited budget drill test of a single target."
......
https://www.stockwatch.com/News/Item?bid=Z-C:LGD-2968570&symbol=LGD®ion=C
Der Goldrausch hat Grenzen gold
Im Anlagesegment Gold ist zuletzt Ernüchterung eingekehrt. Der Trend geht gen Süden. Doch gerade in der jetzigen, hoch unsicheren Zeit raten Experten zu einem Wieder-Einstieg.
https://www.godmode-trader.de/artikel/der-goldrausch-hat-grenzen,8752694
Im Anlagesegment Gold ist zuletzt Ernüchterung eingekehrt. Der Trend geht gen Süden. Doch gerade in der jetzigen, hoch unsicheren Zeit raten Experten zu einem Wieder-Einstieg.
https://www.godmode-trader.de/artikel/der-goldrausch-hat-grenzen,8752694
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Petrotal restarts oil production at Bretana field
2020-09-30 07:15 ET - News Release
Mr. Manuel Zuniga-Pflucker reports
PETROTAL RECOMMENCES OIL PRODUCTION AT THE BRETANA FIELD
Petrotal Corp. has recommenced oil production and operations at the Bretana oil field. The recommencement of oil production follows agreements between the indigenous communities in the northeastern region of Peru (inclusive of Loreto, where Bretana is located), regional governments and the central government of Peru that will see enhanced funding available for these regions to aid community projects.
Highlights:
Petrotal recommenced operations at the Bretana oil field on Sept. 28, 2020, and as all seven wells continue to be gradually brought into full operation, current production is approximately 11,000 barrels of oil per day (bopd), approaching the preshutdown level of 11,500 bopd.
The indigenous communities and government bodies have reached an agreement that will see increased funding for the local communities.
Oil deliveries will commence to the Iquitos refinery immediately, and the Northern oil pipeline (ONP) at the Saramuro pump station will be ready to receive deliveries of Bretana oil when the barges arrive.
The company's stringent COVID-19 protocols continue to ensure that the camp remains safe and operates with minimal downtime.
......
https://www.stockwatch.com/News/Item?bid=Z-C:TAL-2969389&symbol=TAL®ion=C
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Blue Star Gold drills seven m of 13.42 g/t Au at Ulu
2020-09-30 09:38 ET - News Release
Mr. Grant Ewing reports
BLUE STAR GOLD DRILLS 13.42 G/T OVER 7 METRES AT ULU GOLD PROPERTY and 13.87 G/T OVER 3 METRES AT HOOD RIVER PROPERTY
Blue Star Gold Corp. has provided the first assay results from the 7,624-metre diamond drilling program at its Ulu and Hood River properties. The properties are located approximately 525 kilometres north-northeast of Yellowknife, Northwest Territories, in the Kitikmeot region of western Nunavut. Kugluktuk is approximately 210 km to the northwest.
Highlights
7,624 metres drilled in 38 diamond drill holes:
Ten holes were drilled at Ulu and Gnu deposits to expand known resources and confirm the geologic model.
Twenty-eight holes were drilled to test high-priority exploration targets on both the Ulu and Hood River properties, including 14 in the North Fold Nose (NFN) zone.
Assay results for three Flood zone and 12 NFN zone holes returned thus far.
......
https://www.stockwatch.com/News/Item?bid=Z-C:BAU-2969618&symbol=BAU®ion=C
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GoGold drills 5.6m of 1,070 g/t AgEq at Los Ricos North
2020-09-30 07:13 ET - News Release
Mr. Brad Langille reports
GOGOLD RELEASES ADDITIONAL RESULTS FROM LA TRINI AT LOS RICOS NORTH, INCLUDING 5.6M OF 1,070 G/T AGEQ AND 17.2M OF 330 G/T AGEQ
GoGold Resources Inc. has released additional assay results from the company's La Trini deposit on the Los Ricos North project, including 5.6 metres of 1,070 grams per tonne silver equivalent (AgEq) from hole LRGT-20-33.
Hole LRGT-20-033 was drilled at the La Trini deposit and intersected a silicified and altered quartz rhyolite unit from 13.9 to 35.7 metres for 21.8 m of 335 g/t AgEq, consisting of 130 g/t silver and 2.73 g/t gold. The intersection included 5.6 m of 1,070 g/t AgEq, which was made up of 365 g/t silver and 9.40 g/t gold, which began at a depth of 18.4 m.
"Our exploration program at the La Trini target in Los Ricos North is continuing to provide strong results and a better understanding of what controls high-grade mineralization. Our drilling program in Los Ricos North is rapidly expanding from La Trini towards Salomon-Favor with a total of six drill rigs currently and a plan to increase to eight to 10 rigs over the next 60 days," said Brad Langille, president and chief executive officer.
......
https://www.stockwatch.com/News/Item?bid=Z-C:GGD-2969387&symbol=GGD®ion=C