Fundamental Analyst Assigns BUY and $0.52 Fair Value for Coniagas Battery Metals Shares
|
Fundamental Research Corp. Analyst Sid Rajeev assigned a Buy rating and CDN$0.52 Fair Value to Coniagas Battery Metals shares in a report issued in the past week. Here is a link to the report (free access, sign in required): https://www.researchfrc.com/content/reports/post/65/a-brand-new-nickel-junior-advancing-a-high-gradeshallow-resource- Link to the Coniagas website: Link to the Coniagas Presentation: https://coniagas.com/Presentation.pdf You can follow Coniagas on Social Media: LinkedIn:  https://www.linkedin.com/company/coniagas-battery-metals/ X (Twitter): https://twitter.com/coniagasmetals Facebook: https://www.facebook.com/coniagas/ CEO Frank Basa recently was interviewed by Proactive Investor.  Article below based on that interview and then the link to the video interview. Also, the latest Coniagas news release. Link to article: Text of interview below and also video link and most recent news release followed by a map. Frank Basa, CEO of Coniagas Battery Metals (TSX-V:COS), discussed the company’s recent news, including securing new ground around the Graal project and the potential for a massive sulphide deposit. Basa highlighted the company’s strategy of using contract geological teams for drilling and exploration, and expressed optimism about the upcoming  drilling programs. Proactive: Conaigas recently made headlines with the acquisition of new project ground. We’ll delve into that shortly. But before we do, let’s focus on the company itself. Frank, this venture stems from your previous work, correct? Frank Basa: Yes, it’s an asset we previously held under Nord Precious Metals. We felt it was important to separate it out, as we’ve successfully done in past market downturns, resulting in significant share price increases. This large, massive sulphide deposit in Quebec holds substantial potential. With around $6 million invested and 70,000 meters of drilling, we’ve identified significant mineralization, with nickel equivalent grades exceeding 1% and copper equivalent grades surpassing 2.25%. This early-stage project spans six kilometers and shows promise for becoming a substantial copper, nickel, and cobalt deposit, with some platinum group elements present as well. You’ve named it Graal, and recently you’ve expanded your stake by staking some additional area around it, known as the Dartagnan package. Could you share insights into this specific area and what prompted your decision to claim this additional part? It’s in close proximity to us. This area was explored by SOQUEM, the Quebec provincial exploration team, who drilled one hole yielding nearly 0.7% copper, 0.5% nickel, along with significant cobalt and platinum group elements. Recognizing its potential value, we staked an additional 28,000 hectares around their discovery. We believe this could hold significant promise for us moving forward. How do you plan to develop this project, Frank? I understand you typically assemble a team to work on these endeavors. Will you be employing a similar approach moving forward? We’ve found that contracting geological teams provides an efficient solution for our needs. They handle everything from permitting to drilling, core logging, sawing, and analytical services, offering a comprehensive package. Operating as a virtual company without a physical office, we maximize funds for ground operations. This approach allows us to achieve excellent results while ensuring optimal resource allocation. Frank, it appears that this new company is in for an exciting summer ahead. There are undoubtedly some pretty interesting things on the horizon. I anticipate that we may need to implement additional drilling programs. Thus far, our efforts at Graal have yielded promising results, focusing primarily on shallow drilling. Graal, a French name meaning “Grail,” features a deposit shaped like a martini glass. Our future plans may involve deeper drilling, with hopes of uncovering mineralization beyond the 30-meter mark. Written by: Angela HarmantasAbout this contentDisclaimer Proactive Video: Coniagas Acquires Key Property on Strike With Major Cu-Ni-Co Discovery, CEO Says Coniagas Battery Metals (TSX-V:COS) CEO Frank Basa joined Steve Darling from Proactive to announce the company’s strategic acquisition of key ground near SOQUEM’s Cardinal Property, located 80 km southeast of Chibougamau, Quebec. This acquisition underscores Coniagas’ commitment to capitalizing on high-grade copper-nickel-cobalt-platinum group element deposits in the region. Alternative link to YouTube: Please contact us with any questions you may have.  News release is below. You can follow Coniagas on Social Media: Best regards, Wayne Cheveldayoff Most Recent Coniagas News Release: ConiagasBattery Metals Secures Critical Ground Near SOQUEM’s Cardinal Property,Accelerating Expansion into High-Grade Cu-Ni-Co-PGE Deposits Developing a High-Grade Battery Metals property portfolio in Quebec, Coniagas aims to advance these properties towards production Vancouver, BC – March 25, 2024 – Coniagas Battery Metals Inc. (TSXV: COS) (“Coniagas” or the “Company”), a leading junior exploration company focused on battery metals, proudly announces its strategic acquisition of key ground near SOQUEM’s Cardinal Property, situated 80 km southeast of Chibougamau, Quebec. This significant move underscores Coniagas’ commitment to capitalizing on high-grade copper-nickel-cobalt-platinum group elements (Cu-Ni-Co-PGE)deposits in the region. Coniagas has staked a total of 28.3 square kilometers of ground in multiple packages. The new package contains 531 claims for 28,397 hectares. This new property package is now dubbed Dartagnan. There is highway access to the southern part of Dartagnan as well as a network of logging roads providing access to other parts. See map below. Not only is there good access but there is a power corridor leading to Chibougamau running through Dartagnan South. We are committed to developing properties with good infrastructure in the world leading mining jurisdiction of Quebec. SOQUEM, a recognized leader in mineral exploration in Quebec, has reported impressive grades from their Richelieu and Edgar zones. Notable drill highlights include grades of up to 0.92% copper, 0.73% nickel, 0.11% cobalt, along with 0.56 g/t platinum, 0.46 g/t palladium, and 0.11 g/t gold values over an impressive 25.3m starting at downhole depth 130.7m (drill hole 1438-23-009 from SOQUEM press release March1, 2024), affirming the rich mineral potential of the area. The Edgar zone reporting similar grades over 1.9m much shallower starting downhole depth of 67.2m. By strategically staking ground adjacent to SOQUEM’s Cardinal Property, Coniagas has leveraged local prospectors’ expertise and regional geological data, including magnetic features and lake sediment samples with anomalous base metals. This proactive approach underscores Coniagas’ dedication to identifying and securing promising exploration targets with the potential for significant mineralization. Frank J. Basa, CEO of Coniagas Battery Metals, commented, “The SOQUEM copper, nickel and cobalt grades and widths are excellent; we are really excited to move into the area. The added benefit of the strong PGE/Au component will definitely drive value.” Coniagas Battery Metals is poised to expand aggressively on its flagship property, Graal, with a focuson becoming the premier junior explorer for Cu-Ni-Co-PGE deposits in Quebec.This strategic acquisition aligns with Coniagas’ overarching goal of acquiring and developing high-quality, high-grade properties in the region, thereby solidifying its position as a leading player in the battery metals exploration sector. Coniagas wishes to thank Laurentian Exploration of Jonquiere, Quebec for assisting with the Dartagnan acquisition. For more information on Coniagas Battery Metals and its exploration projects, please visit https://coniagas.com/ Figure 1: Coniagas’ Dartagnan and SOQUEM’s Cardinal properties (See map at the end of the news release.) Qualified Person The technical information in this news release was reviewed and approved by Claude Duplessis, P.Eng. Quebec, of GoldMinds GeoservicesInc., who is a Qualified Person in accordance with National Instrument 43-101. About Coniagas Battery Metals Inc. Coniagas Battery Metals Inc. is a Canadian junior mining company focused on nickel, copper and cobalt and platinum group metalsin QuĂ©bec. Coniagas’ strategy is to create value for shareholders through the development of its mineral properties, with the intention to develop Coniagas into a critical metals supplier to the electric vehicle (EV) market. At its 100% owned Graal project near Saguenay,Quebec, Coniagas has conducted successful exploration involving geophysics as well as shallow drilling that hit mineralization in almost every hole. It has confirmed an open-pit deposit model at Graal along a 6 km strike length of high-grade nickel and copper with cobalt, platinum and palladium byproducts. The Company plans in the near-term to conduct additional drilling leading to the production of a Ni43-101 resource report, metallurgical testing and consultations with First Nations. The Graal project and immediate work plan are outlined in detail in the “NI 43-101 Technical Report Graal Nickel & Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada” dated January 17, 2024. The report is available along with other information at the Company’s website https://coniagas.com/ “Frank J. Basa” FrankJ. Basa, P. Eng. Chief ExecutiveOfficer For further information, contact: Frank J. Basa, P. Eng. Ontario Chief Executive Officer 416-625-2342 or: Wayne Cheveldayoff, Corporate Communications P:416-710-2410  E: [email protected] You can follow Coniagas on Social Media: LinkedIn:   https://www.linkedin.com/company/coniagas-battery-metals/ X (Twitter): https://twitter.com/coniagasmetals Facebook: https://www.facebook.com/coniagas/ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Statements This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc.(“Coniagas” or the “Company”) which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Coniagas trading on the TSX Venture Exchange, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law. |
Related Posts
Tags
Share This
