{"id":6303,"date":"2024-02-25T18:10:04","date_gmt":"2024-02-25T18:10:04","guid":{"rendered":"https:\/\/economicherald.net\/?p=6303"},"modified":"2024-02-25T18:10:04","modified_gmt":"2024-02-25T18:10:04","slug":"flying-under-the-radar-molys-all-the-rave-and-taiton-resources-has-a-pure-play-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6303","title":{"rendered":"Flying under the radar: Moly\u2019s all the rave and Taiton Resources has a pure play project"},"content":{"rendered":"

The market for molybdenum is growing exponentially
\nPure play moly production is scarce and often ignored, a by-product of other commodities like copper
\nTaiton Resources\u2019 Highway project in South Australia has a 2.5km-long molybdenum prospect<\/p>\n

\u00a0<\/p>\n

Often a small by-product of copper deposits, molybdenum, colloquially referred to as \u2018moly\u2019, is as much part of our DNA as it is an alloy in steel infrastructure \u2013 among many other applications.<\/strong><\/p>\n

Molybdenum (Mo) is everywhere, yet demand is going through the roof. It\u2019s in our bodies, the girders that house us and a multitude of other infrastructure and tech applications. Even a lack of it in the soil can make the ground infertile.<\/p>\n

If you open up a cabinet full of supplements you\u2019ll likely find molybdenum as an ingredient in a few too, as it\u2019s an essential mineral for our bodies, just like magnesium, iron and KFC.<\/p>\n

Once eaten, it\u2019s passively absorbed into your blood from your intestinal tract and carried to your liver, kidneys and other cool regions of your internals.<\/p>\n

\u00a0<\/p>\n

How molybdenum has become intrinsic to global infrastructure<\/h2>\n

It used to be confused with lead ores and was only until 1891 that molybdenum was discovered to be a pragmatic replacement for tungsten in steel alloy applications \u2013 due to the latter\u2019s nearly two-fold atomic weight.<\/p>\n

That substitution optimised material properties and enhanced the overall performance of steel alloys in diverse applications \u2013 integral to how \u2018stainless steel\u2019 is formed.<\/p>\n

While the steel market is moly\u2019s largest by far, it\u2019s now widely accepted as a diverse technical material used in a range of applications; from superalloys, nickel-based alloys, hydrogen production, chemicals, lubricants and semi-conductors.<\/p>\n

John Thompson from FinlayThompson Consulting<\/em> has been in the chemicals and moly game for decades and reckons molybdenum is geared for exponential growth, however there are issues that need addressing.<\/p>\n

\u201cAbout 40% of the world\u2019s molybdenum is produced in China and there\u2019s scope to see that being diversified,\u201d Thompson says.<\/p>\n

\u201cThere\u2019s also issues in South America (nationalisation) and other parts of the world that are leaving a gap in the market and while current demand is around 600Mlbs per annum and we expect that to increase by 18Mlbs per year for at least the next 10 years.\u201d<\/p>\n

Most molybdenum is found attached to copper sulphide deposits.<\/p>\n

\u201cThe copper people, they focus on copper, and they\u2019re looking for higher grade deposits right now. Paradoxically, this means moly as a by-product is generally lower in percentages,\u201d Thompson says.<\/p>\n

\u201cThat means there\u2019s a real need to have primarily molybdenum-focused projects to offset that short-change and companies such as Taiton are looking to fill that gap.<\/p>\n

\u201cIt never ceases to amaze me, the versatility of moly and its growing applications over the years.\u201d<\/p>\n

According to the International Molybdenum Association<\/em>, production of Mo has stagnated, while demand, and prices are again on the rise after a short dip early last year due to supply gluts.<\/p>\n

\u00a0<\/p>\n

Source: IMOA.<\/p>\n

\u00a0<\/p>\n

When Thompson was starting out in 2004, molybdenum was about $4\/lb.<\/p>\n

<\/h2>\n

\u00a0<\/p>\n

Flying under the radar<\/h2>\n

Yes, moly is found everywhere, though commercial-scale mines are rare, and that\u2019s an issue. China is the world\u2019s largest producer, yet there are mines dotted in countries such as the US, Peru, Chile and Russia.<\/p>\n

Insert Taiton Resources (ASX:T88)<\/strong><\/a>, which is looking to develop its Highway pure-play molybdenum deposit that also contains silver and other base metal credits across a massive 2,930km2 tenure \u2013 on the same stretch of magmatic-hydrothermal mineralisation as BHP\u2019s (ASX:BHP)<\/strong><\/a> enormous Olympic Dam deposit.<\/p>\n

Soil sampling in H2 last year identified a 2.5km strike molybdenum anomaly and maiden drilling finished off last September confirmed the presence of moly<\/a> at Highway\u2019s Merino prospect.<\/p>\n

Follow-up drilling intersected >100ppm Mo mineralisation at an evident epithermal system where assays returned up to 92g\/t silver and other pathfinder base metals.<\/p>\n

The company is now looking towards the Garfield prospect to identify new targets ahead of a potential drill program.<\/p>\n

\u00a0<\/p>\n

The Merino prospect drill holes. Pic supplied: T88.<\/p>\n

\u00a0<\/p>\n\n

<\/span>\u00a0<\/p>\n

While Taiton Resources is a Stockhead advertiser, it did not sponsor this article.<\/em><\/p>\n

\u00a0<\/p>\n

<\/span><\/p>\n

The post Flying under the radar: Moly\u2019s all the rave and Taiton Resources has a pure play project<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The market for molybdenum is growing exponentially Pure play moly production is scarce and often ignored, a by-product of other commodities like copper Taiton Resources\u2019 [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6304,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nFlying under the radar: Moly\u2019s all the rave and Taiton Resources has a pure play project - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=6303\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flying under the radar: Moly\u2019s all the rave and Taiton Resources has a pure play project - 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