DEEP SOUTH RESOURCES - OTC: DSMTF TSX.V: DSM

Discussion in 'Penny Stocks' started by Rickydi, Mar 16, 2021.

  1. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
  2. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    stock screener
     
  3. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Deep South Resources Inc (CVE: DSM- OTCQB: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to share news the company has now been approved to have their shares traded in the United States on the OTCQB market with the ticker symbol DSMTF. Leveille explains why this a big move for the company as they continue to advance the Haib Copper Project in Namibia.


     
    VIncent123 likes this.
  4. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
  5. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1


    Advancing a World Class Copper Project to Feasibility Studies. Tier 1 project with strong economics for development. Haib Project Scratching the surface of a massive copper porphyry deposit in Namibia: Africa’s Premier Mining Jurisdiction
     
  6. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    DEEP SOUTH RESOURCES TSX.V: DSM OTCQB: DSMTF

    The surge in copper futures is a clear sign of the structural deficit for the conductive metal. Look around your home or office and you’ll quickly see how our society is plugged in to so many devices and tools which didn’t exist ten years ago.

    Bank of America forecasts global copper consumption to rise 6% to 24.76 million tonnes in 2021.

    McKinsey & Co. estimates global electricity consumption will double by 2050, led by the electrification of transport and buildings.

    Want to understand the momentum behind surging copper prices?

    Copper is central to the development of a clean energy infrastructure and the massive build out of electric vehicles.

    Without copper, there is no clean future.
    upload_2021-5-8_8-33-18.png
    Renewable energy is a powerful trend around the world.

    Communities build new windmills, solar farms and industrial-scale batteries every single day.

    And with every windmill, solar panel, and battery installed… the world is building a supply-demand imbalance in one critical metal: copper.

    Solar panels use 5.5 tons of copper per megawatt. Wind turbines on land use 3.9 tons of copper per megawatt. Offshore wind turbines use a whopping 10.5 tons of copper.

    According to ABB Velocity Suite research, the U.S. installed 3.5 gigawatts of new wind farms in the first half of 2020, and has another 21 gigawatts under construction. That works out to more than 95,000 tons of copper.

    And according to the Solar Energy Industries Association, there are 115 gigawatts of new solar projects under construction or development. Those will require another 728,000 tons of copper.

    The U.S. consumed 1.8 million tons of copper in 2019.

    So, these energy projects alone equal 40% of that demand. The copper demand from just the wind and solar projects in the U.S. is equal to about 3% of global copper mine output.

    That’s a huge increase in demand. But supply isn’t keeping up.

    That’s why copper prices are on the rise. Just look at this chart of the copper price:

    upload_2021-5-8_8-34-19.png

    As copper prices rise in response to rising demand for copper assets, mines and deposits will go up in value.

    We saw this play out from 2002 to 2011, when the copper price rose from $0.65 per pound to $4.63 per pound. That was a 612% climb for the copper price…and it could be happening again now.

    Deep South Resources (TSX.V:DSM OTCQB:DSMTF)is advancing its wholly-owned, world-class Haib copper project in low-risk, mining-friendly Namibia to feasibility stage.

    The copper porphyry deposit, which sits within a 37,000 hectare (ha) property, is arguably the oldest of its type in the world and one of the largest in Africa.

    The project already boasts an Indicated resource of 3.1 billion pounds of the red metal, while 2.2 billion is classed as Inferred and there is potential to expand the size and grade.

    The deposit defined so far covers a surface area of 2.6 square kilometres (sq km) and a depth of around 350 metres (m). There is a high-grade area containing 140 million tonnes.

    In February, Deep-South revealed it had appointed MSA Group of South Africa to lead work on an updated NI 43-101 resource estimate for its Haib copper project.

    The updated resource estimate will follow the completion of Deep-South’s current drilling program, which is focused mainly on growing the higher-grade zone of the deposit uncovered by the company in 2019.

    The company has also identified five new potential satellite targets at Haib, which could further boost the resource tonnage when drilled out.

    The company aims to sink up to 10,000 metres (m), with a first phase of 5,000m, mainly focused on growing the higher-grade zone of the deposit

    Late last year, Deep-South unveiled the results of an update to its May PEA for the Haib copper project, which showed a dramatic improvement to the numbers, when using a higher copper price.

    Updated PEA for Haib that shows an after-tax NPV of US 1.3 Billion and an after tax IRR of 42.1% at a copper price of $3.50 per lb.
     
  7. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Deep-South Resources (CVE: DSM) CEO Pierre Leveille joined Steve Darling from Proactive with news the company has picked the team that will produce an updated resource estimation for their Haib copper project located in the south of Namibia. Leveille telling Proactive the report will follow the completion of the current drilling program. The contract includes site visits to verify data collection, quality assurance and controls.

     
  8. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    ORIGINAL: Deep-South Intersects 152 Metres of 0.47% CuEq, Including 30 Metres of 0.81% CuEq from Surface

    2021-05-10 08:15 ET - News Release

    (via TheNewswire)

    Vancouver, B.C., Canada – TheNewswire - May 10, 2021 – Deep-South Resources Inc. (" Deep-South " or “ the Company ") (TSXV:DSM) (OTC:DSMTF) announced today the first assay results from its current drilling program at its Haib Copper project in southern Namibia.

    Significant copper and molybdenum intersections include:

    · - HM06 : 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuEq

    - HM07 : 0.42% CuEq over 128 metres, including 14 metres at 0.57% CuEq

    - HM10 : 0.65% CuEq over 36 metres, including 12 metres at 1.04% CuEq

    Pierre Leveille, President & CEO of Deep-South stated that: " We are extremely enthusiastic by the first results from our active drill program. Previous drilling programmes point to the presence of higher grade zones of Cu, probably associated with near vertical structures within the broader mineralised areas of the project. The use of vertical drilling in the past potentially missed those structures during those programs resulting in an underestimation of overall grade. This current drilling program is looking to redress this through the use of inclined holes to identify and delineate these structures and test the association with higher Cu grade zones. These first results seem to support this updated interpretation, showing substantial intersections at Cu grades considered high for Haib. Additionally the presence of molydenum has been confirmed with high Mo grades obtained in association with structures and alterations. Furthermore, three holes have expanded the size of Pit 2 in the higher-grade area.

    The first five holes for which assay results have been received cover some 800.60 metres and were drilled on central mineralised portion of the deposit to better delineate the extension of this zone to other mineralised areas located to the northwest and southwest. The holes have successfully encountered intercepts of mineralization from bedrock or near bedrock surface. Assay results for the holes are tabulated below:

    |Significant | |Cu | |Intersections |

    |-------------------------------------------------------|

    |Hole#| Zone | From | To (m)| Width | CuEq| Cu (%)| Mo (%)|

    | | |(m) | |(m)1 | (%)2| | |

    |-------------------------------------------------------|

    |HM01 |Main |28,00 |34,00 | 6,00 |0,38|0,38 |0,001 |

    |-------------------------------------------------------|

    |HM06 |Main |0,00 | 152,34|152,34| 0,47|0,45 | 0,006 |

    | |-------------------------------------------------|

    | |Including|4,00 |42,00 | 38,00 | 0,66|0,64 |0,005 |

    | |-------------------------------------------------|

    | |Including|54,00 |84,00 |30,00 | 0,81|0,79 |0,007 |

    |-------------------------------------------------------|

    |HM07 |Main |32,00 |160,00 |128,00| 0,42|0,38 | 0,011 |

    | |-------------------------------------------------|

    | |Including|38,00 |52,00 | 14,00 | 0,57|0,53 | 0,011 |

    | |-------------------------------------------------|

    | |Including|92,00 |104,00| 12,00 | 0,49|0,43 |0,019 |

    | |-------------------------------------------------|

    | |Including|136,00|152,00| 16,00 | 0,53|0,49 | 0,012 |

    |-------------------------------------------------------|

    |HM08 |Main |10,00 |28,00 | 18,00 | 0,26|0,22 | 0,011 |

    | |-------------------------------------------------|

    | |Main |44,00 |94,00 |50,00 | 0,59|0,53 | 0,017 |

    | |-------------------------------------------------|

    | |Including|48,00 |64,00 | 16,00 | 0,88|0,84 |0,012 |

    |-------------------------------------------------------|

    |HM10 |Main |66,00 |102,00| 36,00 | 0,65|0,60 | 0,016 |

    | |-------------------------------------------------|

    | |Including|68,00 |80,00 | 12,00 1,04|0,90 | 0,043 |

    | |-------------------------------------------------|

    | |Including|82,00 |86,00 | 4,00 | 0,72|0,72 | 0,001 |

    | |-------------------------------------------------|

    | |Main |114,00|120,00 |6,00 | 0,46|0,45 |0,002 |


    1. Width refers to intersection width; true widths have not been determined.
    1. 2. CuEq (copper equivalent) has been used to express the combined value of copper and molybdenum and is provided for illustrative purposes only. No allowances have been made of recovery losses that may occur should mining eventually result. Calculations use metal prices of US$3.00/lb copper, US$10/lb molybdenum using the formula: CuEq% = Cu% + (Mo% [$10/$3])


    Holes HM06 and HM08

    Both were on the central mineralised zone (Pit2) and HM08 was positioned to test the westward extension of this zone. Another zone (Pit3) is located to the northwest of Pit2 and HM06 was located to delineate the continuity of Cu grade between these two zones. HM08 encountered a high Cu intersection over 50m, extending high grades in Pit2 both southwards and westwards. High Mo grades were also returned from the upper portions of this hole. HM06 encountered significant Cu grades from surface for its entire length. Not only has it extended high grades to surface but indicates that high grade continuity between Pit2 and Pit3 is more extensive than previously demonstrated , A section cross these two holes is show below in Figure 1.

    upload_2021-5-10_9-7-22.png

    Figure 1: Vertical section looking west showing results for HM06 and HM08. The outline of the 0.4% Cu contour previously derived from LeapFrog TM is shown.







    Holes HM07 and HM10


    Also drilled on the central high grade zone, Pit2, HM06 was planned as an infill hole to confirm the high grade extrapolated between relatively widely space holes, while HM10 tested to extension of the Pit2 high grades towards the northeast. Both holes encountered significant Cu intersections with HM07 confirming the presence of the high grade zone. HM10 shows the mineralization potentially extends significantly further north than previously shown. A vertical section for these two holes is shown in Figure 2.


    upload_2021-5-10_9-9-29.png



    Figure 2: Vertical section looking northwest showing results for HM07 and HM010. The outline of the 0.4% Cu contour previously derived from LeapFrog TM is shown.

    Drill Program Update

    Two drill rigs are active on the property, fourteen holes have been completed, and two holes are currently in progress. Results for five holes have been received and released. A further six holes have been completed, processed, and submitted to the lab for assay with results pending. The program is planned for 10,000 metres, of which 25% has been completed to date. The Haib Copper Deposit is one of the oldest porphyry deposits in the world at 1.8 billion years old (archean). Over time, it has seen several transformations resulting in shearing and faulting events. Those events have re-mobilized and concentrated the mineralization along the shears and faults.


    The specific focus of this drilling campaign is to further delineate and grow the higher-grade zone(s) of the Haib deposit uncovered by Deep-South in 2019 with the ultimate goal of establishing a measured resource over that higher-grade section of the deposit . The Company also plans to drill a number of holes to depths greater than 350 meters to test the vertical extent of the deposit. The MSA Group of South Africa has been appointed to provide an updated NI 43-101 resource estimation after the drilling program completion.

    Quality Control

    All drill cores are logged, photographed, and cut in half with a diamond saw. Half of the cores are bagged and sent to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory, No. T0387), while the other half is quartered with one quarter archived and stored on site for verification and reference purposes while the other quarter will be used for metallurgical test work. 33 elements are analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion and gold is assayed using a 30g fire assay method. Duplicate samples, blanks, and certified standards are included with every batch and are actively used to ensure proper quality assurance and quality control.

    About the Haib Copper deposit

    The Haib Copper project hosts a porphyry copper deposit containing a NI 43-101 compliant indicated resource estimate of 457 MT @ 0.31% Cu for 3.12 billion lbs copper and an inferred resource estimate of 342 MT @ 0.29% Cu for 2.19 billion lbs copper. Deep-South disclosed a robust Preliminary Economic Assessment (PEA) on December 15, 2020. The press release disclosing the NI 43-101 resource estimation and the PEA reports can be seen here: https://www.deepsouthresources.com/...te-returns-singnificantly-improved-economics/

    Please note that: Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates are based on Indicated Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves . However, there is no certainty that these indicated mineral resources will be converted to measured categories through further drilling, or into mineral reserves, once economic considerations are applied. There is no certainty that the preliminary economic assessment will be realized.

    Qualified Person

    Mr. Dean Richards Pr.Sci.Nat. , MGSSA – BSc. (Hons.) Geology, is the Qualified Person for the Haib Project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

    About Deep-South Resources

    Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.

    The recent preliminary economic assessment showed that at a price of copper of $3.00 / lb, it generates an after-tax NPV of $950 million and an after-tax IRR of 30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )

    Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties
     
  9. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Deep-South Resources (CVE: DSM-OTC: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to bring news the company has released their first drill results from their current program at the Haib Copper project in southern Namibia. Leveille telling Proactive they saw significant copper and molybdenum intersections with numbers like 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuE and 0.65% CuEq over 36 metres, Leveille also told Proactive a change in the way drilling has been done in the past is being proven successful with these first results

    everything you need to know in 5 minutes

     
  10. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    https://www.stockwatch.com/News/Item/Z-C!DSM-3080933/C/DSM

    ORIGINAL: Deep-South Appoints Knight Piesold to Produce Scoping Studies on the Haib Copper Project in Namibia

    2021-05-13 08:50 ET - News Release

    Vancouver, B.C., Canada – TheNewswire - May 13, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) today announced that it has appointed Knight Piésold Consulting to conduct scoping studies and assessments on the Haib Copper Project in Namibia. Knight Piésold has extensive experience in environmental, bulk water supply, power, and heap leaching projects in Namibia and Southern Africa.

    The scoping studies include:

    Water Supply Scoping Study: Knight Piésold will undertake a high level assessment of the various water options available to the Haib project from surface and groundwater sources. Aspects to consider will include costs, reliability and environmental processes required, with a special focus on gaps and recommendations for future studies.

    Alternative Power Supply Scoping Study: Knight Piésold will undertake an assessment of the various power options available to the Haib project including renewable power, and will preliminary size the required infrastructures. Aspects to consider will include technical requirements, costs, reliability, environmental and permitting processes required.

    Environmental reconnaissance and road map to the Environmental and Social Impact Assessment (ESIA): Knight Piésold will undertake an assessment of the various parameters and conditions needed to complete an ESIA and will deliver a roadmap to ESIA and recommendations particularly in terms of project schedule and key milestones to be achieved.

    Heap leach pad conceptual assessment: Knight Piésold will undertake a review of previously completed work, conceptual sizing and design of the heap leach pad, ponds and irrigation system and recommendations for future studies. Project information review will include leach column tests, conceptual sizing of the heap leach pad and ponds, dynamic water balance, review of alternatives, gap analysis, project risks identification and recommendations.

    Pierre Leveille, President & CEO of Deep-South stated, "We are delighted to initiate a collaboration with Knight Piésold, a leader in mining engineering, which has a vast experience in Namibia. We are confident that their studies will provide strong guidance and will add value to the project.”

    About Knight Piésold

    Founded in South Africa 100 years ago, Knight Piésold operates in over 15 countries around the world and has an office established in Namibia since 2008. Knight Piésold is an engineering and environmental consulting firm offering core services for the mining, power, environment, water resources, and infrastructure industries. Their interdisciplinary teams have worked on over 400 mining projects globally and have participated in the design and construction management of large scale national infrastructures in Southern Namibia such as the Neckartal Dam. Vis it Knight Piésold here: https://www.knightpiesold.com/en/

    About Deep-South Resources Inc

    Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.

    The recent preliminary economic assessment showed that at a price of copper of $3.00 / lb, it generates an after-tax NPV of $950 million and an after-tax IRR of 30%.

    At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release
    here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )

    Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

    This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties.

    There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
     
  11. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Again Today the Copper price is up a few cents
    DSM.V keeps attracting high volume of 1.3 million shares
    DSMTF volume of 223,700 so far
     
  12. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    ORIGINAL: Deep-South Appoints the CSIRO of Australia to Conduct the Bio Assisted Heap Leaching Test Work

    2021-05-19 09:20 ET - News Release (via TheNewswire)

    Vancouver, B.C., Canada – TheNewswire - May 19, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) today announced that it has appointed the world-renowned Commonwealth Scientific and Industrial Research Organisation (“CSIRO”) to conduct bio-assisted heap leaching column test work, which is part of Deep-South’s recently announced metallurgical test work. METS Engineering Group (“METS”) of Australia has been appointed to supervise and overview the test work.

    Pierre Leveille, President & CEO of Deep-South stated, "With the drilling program under way, we are delighted to initiate a collaboration with CSIRO, Australia’s national science agency, which is a leader in scientific research and bio-assisted heap leaching technologies. The main aim of this test work is to improve copper recoveries and therefore improving the Haib Copper project robust economics.”

    The goals of the bio-assisted heap leaching test work include the evaluation of the performance of promising solvent extraction reagents for extraction and separation of copper and molybdenum and monitor and evaluate the adaptation of bacterial strains for improved ore processing. The test work will also monitor and evaluate percolation performance. The test work will mainly serve to optimise the bio-assisted heap leaching processes with the ore at Haib.


    This initial column test work will assess two s ize fractions of the ore. One will be at a size of <2.36 mm and the other one at a size of <1.7 mm. The undersize will be screened at -106 microns, removing the requirement for agglomeration prior to leaching. The undersize material (-106 microns) will be the object of a sighter program to assess amenability to a flotation, roasting and leaching flowsheet. This will further define if overall target recoveries can be achieved from the fine material and metal extraction can take place at an increased pace versus column leaching.

    About CSIRO

    The Commonwealth Scientific and Industrial Research Organisation (CSIRO) was founded in 1916 and is Australia's national science agency and one of the largest and most diverse scientific research organisations in the world. Its research covers subjects such as natural environments, environmental impacts, health and medical, production and many others. Dr Anna Kaksonen leads the Industrial Biotechnology Group in the Industry Environments Program in CSIRO Land and Water. With her Group she develops biotechnological processes for environmental and industrial applications in the mining, energy, water supply, waste and wastewater treatment industries. Research topics of special interest have included: mining biotechnology (e.g. bioleaching, biooxidation, bioprecipitation, bioflotation). You can visit the CSIRO website here: https://www.csiro.au


    About METS Engineering

    Established in 1988 by Damian Connelly, Mineral Engineering Technical Services (METS) has a reputation for providing quality service to the global mining industry. Based in Perth Australia. They have served clients all around the world from large companies such as Rio Tinto to exploration and development companies such as Deep-South Resources. They provide a comprehensive range of services including Mineral processing, engineering design and hydro metallurgy test work. You can visit the METS website here: https://www.metsengineering.com

    About Deep-South Resources Inc

    Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.

    The recent preliminary economic assessment showed that at a price of copper of $3.00 / lb, the project generates an after-tax NPV of $950 million and an after-tax IRR of 30%.

    At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )

    Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.
     
  13. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    https://smallcaps.us/deep-south-resources-inc-dsm/

    COMPANY SNAPSHOT: DEEP-SOUTH RESOURCES INC (DSM)


    Symbol (CA):DSM Symbol (US):DSMTF Symbol (GER):DSD

    Website: www.deepsouthresources.com

    Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyry deposits in Africa. A recent PEA shows that at a copper price of $3.50 per lb, Haib generates an after-tax NPV of US $ 1.3 billion and an after tax IRR of 42.1%.

    · INITIAL ASSAY RESULTS FROM HAIB COPPER PROJECT CONFIRM HIGH EXPECTATIONS
    · DEEP-SOUTH RESOURCES ADVANCES ON ALL FRONTS WHILE DRILLING AT THE HAIB COPPER PROJECT IS IN FULL SWING
    · AMBITIOUS DRILL PROGRAM KICKS OFF IN NAMIBIA AS DEEP-SOUTH RESOURCES ADVANCES HAIB COPPER DEPOSIT
    · INITIAL REPORT EXPLAINS WHY DEEP-SOUTH RESOURCES IS EXTREMELY UNDERVALUED COPPER PLAY
    · INTERVIEW WITH DEEP-SOUTH RESOURCES CEO REVEALS MASSIVE POTENTIAL IN COPPER SPACE
     
  14. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Deep-South to Host Live Webinar on Monday, May 24th at 2pm ET

    2021-05-18 10:07 ET - News Release

    (via TheNewswire)

    Vancouver, B.C., Canada – TheNewswire - May 18, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXV:DSM) (OTC:DSMTF) today announced that Pierre Leveille, President & CEO, will be hosting a live investor webinar on Monday, May 24 th to go through the Company’s May investor presentation including an overview of current operations and upcoming milestones.

    You can register for the webinar below:

    Date : Monday, May 24 th , 2021 Time : 2pm EST

    Register : Webinar Registration

    (http://7514767.hs-sites.com/www.rbm...kmjg1E9VoYUg2niKom_VHB-PKcNAVKweAo4zMJXoo8ltd)

    HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand via email to [email protected]

    About Deep-South Resources Inc

    Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.

    The recent preliminary economic assessment showed that at a price of copper of $3.00 / lb, it generates an after-tax NPV of $950 million and an after-tax IRR of 30%.

    At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ )

    Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and
     
  15. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Copper Could Hit $20,000 a Ton, Says BofA's Blanch
    Francisco Blanch, head of global commodities and derivatives research at Bank of America, is very bullish on copper. “We think we could go as high as $20,000 a ton if the supply of scrap copper doesn’t make it to the market," he told "Bloomberg Surveillance."

     
  16. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
  17. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Look for copper price of $5.25 by end of year start of 2022 - CIBC

    The copper market might be seeing some near-term profit taking as prices fall from record highs, but one Canadian bank thinks the rally is just starting.

    On Tuesday, commodity analysts at CIBC announced that they upgraded their copper forecasts for this year and next. The bank added that the copper mining space is significantly undervalued compared to the commodity.

    In the report, the bank said that they see copper prices rising to $5.25 a pound in the fourth quarter of this year into the first quarter of 2022. For the year the analysts said that they see copper prices averaging the year around $4.62 a pound rising to $4.75 a pound by 2022.

    "Our revised estimates are now 22% and 32% above 2021E and 2022E consensus estimates, respectively," the analysts said.

    Over the long-term, the bank sees copper prices averaging $3.30 a pound.

    The analysts said that they remain bullish on copper as the market continues to see a significant supply and demand imbalance as demand is expected to rise amidst a growing supply crunch.

    "As vaccines continue to roll out, we view a global economic recovery, additional government stimulus, and rising inflation expectations as positive momentum drivers for base metals," the analysts said in the report.

    "The key drivers supporting copper fundamentals remain in place. In our view, and on the demand front, these supporting factors include positive economic data, USD weakness, continued Chinese demand, and tight global inventory levels," the analysts said. "Copper supply remains at risk from further COVID-19-related curtailments, and we note upcoming election results later this year, in Peru and Chile, the two most significant copper producing countries, have potential for increases to mining taxes and royalties, which can have longer-term impacts for mining investment."

    Looking at the demand side, CIBC expects copper demand to jump 5.6% this year compared to 2020. Looking past the pandemic effects on global growth, the analysts said that demand is expected to remain around 3% through 2024. The report noted that more than half the demand is expected to come from China.

    Although the latest speculative trade data from the Commodities Futures Trading Commission shows hedge funds lower their exposure to gold, CIBC said that the market remains significantly bullish

    "The last time we observed such an optimistic positioning of CFTC copper managed money positions was in May 2018, with a market consensus for global synchronized growth, before trade disputes between the U.S. and China started to escalate," the analysts said. "In our view, the current positive tone in the copper market could be further supported by a decline in trade disputes with the electionof Joe Biden as the next president of the U.S."

    Looking at the equity market, CBIC said that copper producers are significantly undervalued with the the market reflecting copper prices of below $4 a pound.

    "Capstone, Copper Mountain and Hudbay are discounting the lowest copper price between $3.40/lb and $3.60/lb," the analysts said. "As elevated copper prices persist in 2021, and on our revised price deck, we see potential for the higher copper prices to be reflected in our coverage group, and overall underpins our positive outlook on the sector."

    SOURCE:
    https://www.kitco.com/news/2021-05-...f-5-25-by-end-of-year-start-of-2022-CIBC.html
     
  18. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    https://www.deepsouthresources.com/ Creating value


    2021-05-20
    Deep-South Appoints Dr Martinez Bellange as Special Advisor on Bio Leaching

    2021-05-19
    Deep-South appoints the CSIRO of Australia to conduct the bio assisted heap leaching test work

    2021-05-13
    Deep-South appoints Knight Piésold to produce scoping studies on the Haib Copper project in Namibia


    2021-04-26
    Deep-South appoints METS engineering of Australia to conduct metallurgical test work


    2021-02-25
    Deep-South appoints the MSA group for the updated NI 43-101 resource estimation on the Haib Copper project in southern Namibia
     
  19. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    Deep-South Resources (DSM) - Targeting Large Copper Resource by Q4/21

    Interview with Pierre Léveillé, President & CEO of Deep-South Resources (TSX-V: DSM)

    The Haib project is a large, low grade project which produced a robust PEA in December and Deep-South is now drilling the high grade section of the deposit.

    They have found high grade zones which will go towards a PFS in 2022 and a new resource estimate in October ‘21.

    Deep-South is also resuming heap leach testing which has been very successful so far.

    The company produced some good drill results in May and have completed 66,000m of drilling with another 10,000m of further in-fill drilling needed for the PFS.

    Between now and the PFS coming out in early 2022, the company is fully funded, after which they will need to raise C$5-7m to fund a further 20-25,000m drill program.

    The first goal for Deep-South is to improve the grade and the second goal is to improve the tonnage of the deposit with extra drilling to add value and transform the deposit into a serious Copper project for the future.

    With the current electrification and Copper thematic, it is good timing for Copper companies and Deep-South is busy drilling now until mid-July and will have results coming out until mid-August.

    The company is also undertaking a scoping study at the project which is looking at alternative power, water usage, future impact study and assess the leach pad.

    Deep-South has a busy result driven 9 month period ahead and will be releasing news and results from their activities between now and the end of the year.


     
  20. Rickydi

    Rickydi Member

    Joined:
    Nov 11, 2020
    Messages:
    580
    Likes Received:
    1
    The copper bull run could be just beginning, according to investment research firm CFRA, as Chinese demand, the push toward decarbonization and South American supply risks converge. Copper has been trading near all-time highs in recent weeks and, after slipping on a warning from China over speculation earlier this week, prices picked up again on Tuesday. In a note to investors Friday, CFRA argued it remains bullish on the red metal, echoing the likes of Bank of America and Goldman Sachs, which recently characterized copper as "the new oil" and projected a multi-year bull market fueled by a surge in green capital expenditure and a dearth of mining projects. CFRA suggested the copper bull run might be in the "early to middle innings," with significantly more upside potential. Taking this into account, Equity Research Analyst Matthew Miller picked four stocks poised to outperform their peers and the broader market as a result of the rally.
     

Share This Page