{"id":9062,"date":"2024-05-02T03:05:50","date_gmt":"2024-05-02T03:05:50","guid":{"rendered":"https:\/\/economicherald.net\/?p=9062"},"modified":"2024-05-02T03:05:50","modified_gmt":"2024-05-02T03:05:50","slug":"resources-top-3-is-niobium-a-niobrainer-or-a-flash-in-the-pan","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9062","title":{"rendered":"Resources Top 3: Is niobium a \u2018niob\u2019rainer or a flash in the pan?"},"content":{"rendered":"

Niobium explorers are soaring thanks to WA1 Resources (ASX:WA1) and its big find in WA\u2019s remote West Arunta region
\nKrakatoa identifies a possible niobium-rare earths anomaly at the Mt Clere project in WA
\nNiobium OG Globe Metals & Mining is aiming to be the first globally significant producer in 50 years
\nCuFe has a small, early stage niobium exploration project in the West Arunta<\/p>\n

Here are the biggest small cap resources winners in early trade, Thursday May 2.<\/p>\n

\u00a0<\/p>\n

KRAKATOA RESOURCES (ASX:KTA)<\/a><\/h2>\n

Niobium was catapulted into investor consciousness by WA1 Resources (ASX:WA1)<\/a> and its big find in WA\u2019s remote West Arunta region.<\/p>\n

Now everyone is looking for the critical mineral, despite its niche status.<\/p>\n

Current global production of ferroniobium \u2013 mostly used in steelmaking, but also high-performance alloys and emerging technologies \u2013 is just under 100,000tpa from a handful of operations globally.<\/p>\n

Still, punters love a good story.<\/p>\n

Up top today\u2019s winners list is small cap battler KTA, which identified a possible niobium-rare earths anomaly at the Mt Clere project in WA.<\/p>\n

KTA says early-stage sampling and mapping has dialled in on \u201cmultiple areas of interest\u201d for possible carbonatites, a special group of rocks known for hosting rare earths and niobium deposits.<\/p>\n

A closer spaced soil sampling campaign is now underway.<\/p>\n\n

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

GLOBE METALS AND MINING (ASX:GBE)<\/a><\/h2>\n

(Up on no news)<\/strong><\/em><\/p>\n

The niobium OG has been plugging away at its Kanyika project in Malawi since 2006.<\/p>\n

Originally a uranium project, the focus at Kanyika rapidly shifted to monetising its niobium bounty, with multiple studies completed over the last decade and half.<\/p>\n

The 68.3Mt project remains undeveloped, but GBE must be hoping niobium\u2019s fresh popularity can push it across the finish line as the first globally significant producer in 50 years.<\/p>\n

Next up is construction of a pilot plant (a smaller version of the real thing) pencilled in for Q2 this year.<\/p>\n

This will inform a feasibility study update and help lock in offtake deals.<\/p>\n

All going well, GBE reckons first production from a low cost (US$30m capex), 313 tonnes per annum Phase 1 niobium oxide operation will hit the market Q4 next year.<\/p>\n

Phase 2 production will then ramp up to 3155tpa at a cost of US$250m.<\/p>\n\n

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

CUFE (ASX:CUF)<\/a><\/h2>\n

(Up on no news)<\/strong><\/em><\/p>\n

More niobium exposure from this \u2018jack of all trades\u2019 resources stock, which owns a small iron ore business in the Pilbara as well as exploration ground across the great state of WA.<\/p>\n

In mid 2023 CUF picked up a small\u00ad niobium exploration project in the red-hot West Arunta region<\/a>, home to +12,000% rocket WA1.<\/p>\n

Late last week CUF said a geophysical review had identified nine target areas with potential to represent carbonatite intrusive niobium and rare earths.<\/p>\n

Once it gets permission from Traditional Owners to get on the ground \u2014 which is a designated Aboriginal reserve \u2014 CUF says it will do some soil and rock sampling to dial in on potential drill targets.<\/p>\n\n

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

The post Resources Top 3: Is niobium a \u2018niob\u2019rainer or a flash in the pan?<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Niobium explorers are soaring thanks to WA1 Resources (ASX:WA1) and its big find in WA\u2019s remote West Arunta region Krakatoa identifies a possible niobium-rare earths [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9063,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nResources Top 3: Is niobium a \u2018niob\u2019rainer or a flash in the pan? - 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=9062\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resources Top 3: Is niobium a \u2018niob\u2019rainer or a flash in the pan? 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