Monday 5th December 2016

Resource Clips


Posts tagged ‘palladium’

Nickel One Resources moves closer to PGE-copper-nickel acquisition in Finland

October 19th, 2016

by Greg Klein | October 19, 2016

Nickel One Resources moves closer to Finnish PGE-copper-nickel acquisition

Over $10 million in previous work has given Lantinen Koillismaa
resource estimates for two potential open pits.

Nickel One Resources’ (TSXV:NNN) Finland entry took another step forward with a binding letter agreement announced October 19. Already holding the Tyko project in western Ontario, Nickel One would get a 100% interest in Finore Mining’s (CSE:FIN) Lantinen Koillismaa platinum group element-copper-nickel project in north-central Finland. An LOI was announced in August.

The property would come through the purchase of Finore subsidiary Nortec Minerals Oy in a deal costing five million shares and 2.5 million warrants exercisable at $0.12 for two years. Nickel One has paid $50,000, which would be applied to a private placement of up to $100,000 into Finore following due diligence.

Benefiting from over $10 million in previous work, LK has 2013 resource estimates for two potential open pits.

The Kaukua deposit shows:

  • indicated: 10.4 million tonnes averaging 0.73 g/t palladium, 0.26 g/t platinum, 0.08 g/t gold, 0.15% copper, 0.1% nickel and 65 g/t cobalt

  • inferred: 13.2 million tonnes averaging 0.63 g/t palladium, 0.22 g/t platinum, 0.06 g/t gold, 0.15% copper, 0.1% nickel and 55 g/t cobalt

The Haukiaho deposit has three zones totalling:

  • inferred: 23.2 million tonnes averaging 0.31 g/t palladium, 0.12 g/t platinum, 0.1 g/t gold, 0.21% copper, 0.14% nickel and 61 g/t cobalt

The acquisition would bring Nickel One into “a mining-friendly jurisdiction with some of the best infrastructure in the world,” commented president Vance Loeber. The project also provides “a foothold in Finland from which we will be taking a hard look at other opportunities to continue to build a strong portfolio of projects,” he added.

Read more about Nickel One Resources and the Lantinen Koillismaa acquisition.

Update: Ring of Fire road study stalls as KWG rail study proceeds

August 22nd, 2016

by Greg Klein | August 22, 2016

Hours after KWG Resources CSE:KWG updated its Ring of Fire rail proposal, CBC reported that a highly anticipated government-funded road study simply called for more study. Specifically excluded from its scope, the network added, was a route to the potential mining sites.

CBC obtained a copy of the document entitled All Season Community Road Study, Final Report June 30, 2016 and quoted this excerpt:

KWG’s Ring of Fire rail study proceeds, government road announcement anticipated

KWG looks to China to support its proposed railway.

“This study has always been considered to be focused on an all-season community service road rather than an industrial road to connect to the Ring of Fire mineralized zone. Its intention was always to (1) link the four communities together and (2) link the communities to the existing highway system.”

Release of the federally and provincially funded report had been expected since its scheduled completion in June. Ontario has pledged $1 billion to Ring of Fire infrastructure and asked Ottawa for matching funds.

“This study was going to be the one that was going to give us the road map forward, literally,” the network quoted NDP MP Charlie Angus. “Now it’s just going to be kicked down the road for more delay, more study and more excuses.”

CBC stated that Ontario mines minister Michael Gravelle “said those discussions are ongoing and there is no timeline for coming to definitive answers. The study was led by the First Nations and it’s up to them to release it to the public, he added.”

Besides the report’s disappointing lack of a call to action, news that the study excluded the Ring’s mineral deposits will take many observers by surprise. Noront Resources TSXV:NOT favoured an all-season east-west road that would connect its deposits and four native communities with Highway 599 at Pickle Lake, which leads south to a Canadian National Railway TSX:CNR line at Savant Lake.

KWG maintained that rail would be necessary to develop the region’s chromite assets. Noront countered that its nickel-copper-platinum-palladium deposits should be developed first, pending better market conditions for chromite. A road would be the faster, cheaper option, the company argued. KWG has said Chinese investors have shown interest in a railway.

Hours before CBC posted its exclusive, KWG announced that a “conditional bankable feasibility study” for its proposed railway should be complete by year-end. The company stated it has “agreed on the deliverables and timetable” with China Railway First Survey and Design Institute Group to examine a 340-kilometre north-south route linking its properties with CN at Exton.

Noront’s flagship Eagle’s Nest nickel-copper-PGE project reached feasibility in 2012. In an optimistic news release earlier this month, the company stated it “anticipates that mine construction will begin in 2018 when road construction starts, resulting in first concentrate production in 2021.”

Noront’s other Ring of Fire assets include the Blackbird chromite deposit and the Black Thor and Black Label chromite deposits. Noront and KWG hold 70%/30% respectively of the Big Daddy chromite deposit and 85%/15% of the McFaulds copper-zinc deposits. Noront is KWG’s largest shareholder.

Noront recently signed a definitive agreement to buy a 75% stake in MacDonald Mines Exploration’s (TSXV:BMK) regional properties, increasing Noront’s portfolio to around 75% of the Ring’s staked claims.

KWG also holds an 80% option on the Koper Lake project with its Black Horse chromite deposit.

Both companies have faced recent public criticism. Last week CBC reported the Neskantaga First Nation issued a “cease and desist” order to Noront, after the company announced a drill program. An online video posted by KWG drew widespread censure for its display of bikini-clad women.

A second flagship

August 11th, 2016

Nickel One Resources plans a Finnish acquisition as well as Ontario drilling

by Greg Klein

A position in Scandinavia would give Nickel One Resources TSXV:NNN a dual approach or, as president/CEO Vance Loeber describes it, “a double-barrelled shotgun.” On August 11 the company announced an LOI to gain a Finore Mining CSE:FIN subsidiary with a 100% interest in Lantinen Koillismaa, a nickel-copper-PGE deposit in an active mining region of Finland. Additionally, encouraged by positive results from last spring’s assays, the company plans to resume drilling on its Tyko project in Ontario.

Nickel One Resources plans Finnish acquisition as well as Ontario drilling

With equally spectacular aurora borealis, arctic Finland
boasts far greater infrastructure than northern Canada.

A 3,750-hectare property just 65 kilometres south of the Arctic Circle, LK actually enjoys a favourable location—and that demonstrates the contrast between the Canadian and Scandinavian north. An all-weather, government-maintained road comes right to the property, a rail line runs 40 kilometres away and Oulu, a Gulf of Bothnia port that’s home to 200,000 people, sits 160 kilometres west. Work is practical right through the winter, as several mines and three smelters in the region attest.

“The local community is very supportive, the Finnish Geological Survey is very supportive and it’s a beautiful place to work,” enthuses Loeber.

Finore took LK to resource level in 2013 for two deposits with open pit potential. The Kaukua deposit shows:

  • indicated: 10.4 million tonnes averaging 0.73 g/t palladium, 0.26 g/t platinum, 0.08 g/t gold, 0.15% copper, 0.1% nickel and 65 g/t cobalt

  • inferred: 13.2 million tonnes averaging 0.63 g/t palladium, 0.22 g/t platinum, 0.06 g/t gold, 0.15% copper, 0.1% nickel and 55 g/t cobalt

Three zones at the Haukiaho deposit total:

  • inferred: 23.2 million tonnes averaging 0.31 g/t palladium, 0.12 g/t platinum, 0.1 g/t gold, 0.21% copper, 0.14% nickel and 61 g/t cobalt

Further study might put a new perspective on the resource. “Although the plan is to look at it from a fresh approach, a higher-grade/lower-tonnage point of view, we’re not going to lose sight of the higher-tonnage aspect either,” explains Loeber. “But in the short term we’ll be looking at some higher-grade tonnage, both through additional exploration and a re-engineered 43-101 report.”

A new perspective maybe, but from experienced eyes. “With this acquisition we also get the combined geological talent of Finore’s founders, Mohan Vulimiri and Peter Tegart,” Loeber points out. “They’re pretty serious guys so it’s not like we’re going in blind.”

Another Finland veteran is Nickel One VP of exploration and former PDAC president Scott Jobin-Bevans. “He did his PhD dissertation on this type of mineralization,” says Loeber.

The deal would cost Nickel One five million shares. The company would also contribute up to $100,000 towards any future private placement undertaken by Finore. Loeber doesn’t offer an anticipated closing date but says his team wants the deal wrapped up “sooner rather than later.”

But looking at Finland doesn’t mean neglecting western Ontario. “Tyko is still very much in our sights. We had some great results in our initial program and we’re planning a late-summer, early-fall follow-up program.”

That would take the crew about 40 kilometres north of Hemlo in an area that’s surprisingly more remote than arctic Finland. Still, Tyco’s accessible by highway, logging roads and float plane.

The 14 holes and 1,780 metres drilled so far this year followed 13 holes and 2,230 metres sunk by North American Palladium TSX:PDL up to 2007. Nine North American holes revealed mineralization.

Near-surface intercepts reported by Nickel One in June returned as much as 1.47% nickel, 0.49% copper and 0.71 ppm PGEs over 6.05 metres. Another assay showed 1.06% nickel, 0.35% copper and 0.65 ppm PGEs over 6.22 metres. Along with the other results, the company sees increasing optimism in its magma conduit theory suggesting a potential link between the property’s RJ and Tyko zones, 1.5 kilometres apart.

The extent of Tyco’s upcoming program remains “finance-dependent,” Loeber says. But given market response to the LOI, he’s confident of raising funds. As for a closing date for LK, “We’re going to make this happen as quickly as we can.”

Exploring opportunity

June 17th, 2016

A capacity crowd attends the first annual Vancouver Commodity Forum

by Greg Klein
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A capacity crowd attends the first annual Vancouver Commodity Forum

 

“There’s excitement in the air,” said Cambridge House International founder Joe Martin. That’s the mood he senses as junior explorers emerge from the downturn. And certainly optimism was evident on June 14 as more than 450 people converged on the Vancouver Commodity Forum for an afternoon of expert talks amid a showcase of two dozen companies. Keynote speakers included Martin, Chris Berry of the Disruptive Discoveries Journal, Jon Hykawy of Stormcrow Capital, John Kaiser of Kaiser Research Online and Stephan Bogner of Rockstone Research.

A capacity crowd attends the first annual Vancouver Commodity Forum

Lithium, not surprisingly, stood out as a commodity of interest. While cautioning against over-enthusiasm for the exploration rush, Berry and Hykawy each affirmed the need for juniors to find new sources of the metal. Cobalt and scandium featured prominently too, as did other commodities including what Kaiser called “the weird metals”—lesser known stuff that’s vital to our lives but threatened with security of supply.

Kaiser also noted he was addressing a crowd larger than his last PDAC audience, another indication that “we’ve turned the corner.”

Attendees also met and mingled with company reps. Potential investors learned about a wide gamut of projects aspiring to meet a growing demand for necessities, conveniences and luxuries.

Presented by Zimtu Capital TSXV:ZC, the forum’s success will make it an annual event, said company president Dave Hodge. Berry emceed the conference, holding the unenviable task of “making sure Dave stays well-behaved.”

Read interviews with keynote speakers:

Meet the companies

Most companies were core holdings of Zimtu, a prospect generator that connects explorers with properties and also shares management, technical and financing expertise. Zimtu offers investors participation in a range of commodities and companies, including some at the pre-IPO stage.

After sampling high-grade lithium on its Hidden Lake project in the Northwest Territories earlier this month, 92 Resources TSXV:NTY plans to return in mid-July for a program of mapping, exposing spodumene-bearing pegmatite dykes, and channel sampling. The company closed the final tranche of a private placement totalling $318,836 in April. Hidden Lake’s located near Highway 4, about 40 kilometres from Yellowknife and within the Yellowknife Pegmatite Belt.

With one of the Athabasca Basin’s largest and most prospective exploration portfolios, ALX Uranium TSXV:AL has a number of projects competing for flagship status. Among them is Hook-Carter, which covers extensions of three known conductive trends, one of them hosting the sensational discoveries of Fission Uranium TSX:FCU and NexGen Energy TSXV:NXE. ALX’s strategic partnership with Holystone Energy allows that company to invest up to $750,000 in ALX and retain the right to maintain its ownership level for three years. ALX closed a private placement first tranche of $255,000 last month, amid this year’s busy news flow from a number of the company’s active projects.

A capacity crowd attends the first annual Vancouver Commodity Forum

Arctic Star Exploration TSXV:ADD boasts one of northern Canada’s largest 100%-held diamond exploration portfolios. Among the properties are the drill-ready Stein project in Nunavut and others in the Lac de Gras region that’s the world’s third-largest diamond producer by value. North Arrow Minerals TSXV:NAR holds an option to earn up to 55% of Arctic Star’s Redemption property.

Aurvista Gold TSXV:AVA considers its Douay property one of Quebec’s largest and last undeveloped gold projects. The Abitibi property has resources totalling 238,400 ounces of gold indicated and 2.75 million ounces inferred. Now, with $1.1 million raised last month, the company hopes to increase those numbers through a summer program including 4,000 metres of drilling. Douay’s 2014 PEA used a 5% discount rate to forecast a post-tax NPV of $16.6 million and a post-tax IRR of 40%.

Looking for lithium in Nevada, Belmont Resources TSXV:BEA now has a geophysics crew en route to its Kibby Basin property, which the company believes could potentially host lithium-bearing brines in a similar geological setting to the Clayton Valley, about 65 kilometres south. Results from the gravity survey will help identify targets for direct push drilling and sampling.

A mineral perhaps overlooked in the effort to supply green technologies, zeolite has several environmental applications. Canadian Zeolite TSXV:CNZ holds two projects in southern British Columbia, Sun Group and Bromley Creek, the latter an active quarrying operation.

With a high-grade, near-surface rare earths deposit hosted in minerals that have proven processing, Commerce Resources TSXV:CCE takes its Ashram project in Quebec towards pre-feasibility. The relatively straightforward mineralogy contributes to steady progress in metallurgical studies. Commerce also holds southeastern B.C.’s Blue River tantalum-niobium deposit, which reached PEA in 2011 and a resource update in 2013.

Permitted for construction following a 2014 PEA, Copper North Mining’s (TSXV:COL) Carmacks copper-gold-silver project now undergoes revised PEA studies. The agenda calls for improved economics by creating a new leach and development plan for the south-central Yukon property. In central B.C. the company holds the Thor exploration property, 20 kilometres south of the historic Kemess mine.

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A head start

April 14th, 2016

Nickel One Resources builds on past work at western Ontario’s Tyko project

“Not too many properties come to you with two discoveries already drilled but never released,” says Nickel One Resources TSXV:NNN president/CEO Vance Loeber. “These results had never seen the light of day in a public company.”

He’s referring to the Tyko project in western Ontario’s Thunder Bay mining district, where Nickel One recently completed a program of confirmation drilling. Initial results have the company optimistic about its nickel-copper-PGM potential, and in particular about the possibility that two zones might be one.

Nickel One Resources builds on past work at western Ontario’s Tyko project

Still to come from Tyko are results from 10 more winter holes.

The project came to Nickel One with the advantage of two seasons of drilling by North American Palladium TSX:PDL back in 2006 and 2007. Focusing on its Lac des Iles operation and advanced projects in Ontario and Finland, the company let Tyko revert to its vendors, friends of Abraham Drost, now Nickel One’s chairperson.

Loeber and Drost had worked together in prominent roles on a number of projects including Sandspring Resources TSXV:SSP and Carlisle Goldfields, the latter taken over by Alamos Gold TSX:AGI earlier this year. Consequently Nickel One’s predecessor, Redline Resources, acquired the privately held Tyko Resources and its namesake project, then began trading as Nickel One at the end of February.

North American drilled 2,230 metres in 13 holes, finding mineralization in nine of them. Redline’s February 2015 43-101 technical report provides highlights from those two programs, including:

Hole TK-06-001 at the Tyko showing

  • 1.09% nickel, 0.76% copper, 0.42 ppm platinum and 0.42 ppm palladium over 4.15 metres, starting at 17.4 metres in downhole depth

TK-06-003 at the RJ showing

  • 1.06% nickel , 0.51% copper, 0.24 ppm platinum and 0.12 ppm palladium over 4.08 metres, starting at 63.92 metres

TK-06-005 at the RJ showing

  • 1.05% nickel, 0.46% copper, 0.2 ppm platinum and 0.12 ppm palladium over 6.2 metres, starting at 25 metres

True widths weren’t available.

Having raised $890,000 about a week after its February trading debut, Nickel One dispatched a rig to confirm the results. Assays for the first four holes came out April 12, with one near-surface interval from the RJ zone nearly matching the previous best grade while exceeding its width nearly four-fold—1.04% nickel over 16.19 metres.

That result appeared within a longer interval of 0.79% nickel over 44.12 metres:

  • 0.79% nickel, 0.3% copper, 0.01 ppm gold, 0.12 ppm platinum and 0.11 ppm palladium over 44.12 metres, starting at 52.75 metres in downhole depth

  • (including 1.04% nickel, 0.54% copper, 0.01 ppm gold, 0.12 ppm platinum and 0.12 ppm palladium over 8.25 metres

  • (which includes) 2.89% nickel, 0.45% copper, 0.01 ppm gold, 0.27 ppm platinum and 0.35 ppm palladium over 0.5 metres

  • (and including) 1.04% nickel, 0.23% copper, 0.15 ppm platinum and 0.12 ppm palladium over 16.19 metres

  • (which includes) 1.23% nickel, 0.26% copper,0.18 ppm platinum and 0.13 ppm palladium over 11.38 metres

  • (which includes) 1.97% nickel, 0.19% copper,0.17 ppm platinum and 0.12 ppm palladium over 1 metre

Again, true widths weren’t available. Results are pending for 10 more holes from the 14-hole, 1,780-metre program.

Summer drilling will test a theory that the RJ and Tyko zones, 1.5 kilometres apart, might be linked. The earlier drilling, magnetics, electromagnetics and IP surveys led to the 43-101’s conclusion that the property has been intruded by a mafic to ultramafic conduit that’s interpreted to be a feeder system. A “major structural flexure” between the RJ and Tyko zones coincides with anomalous nickel, copper and PGEs.

“The property shows many similarities with mafic to ultramafic feeder systems such as Voisey’s Bay in northern Labrador and Jinchaun in China,” the report states. “These deposits are characterised by magmatic sulphides collecting within the feeder of a large intrusive body due to variations in geometry that caused changes in flow dynamics such that immiscible sulphides were able to settle out and collect in structural traps.”

A concentration of immiscible sulphides is key to the formation of an economic nickel deposit, the report adds.

Having taken over the Nickel One helm just weeks ago, Loeber’s enthusiastic about renewing his collaboration with Drost and working with their new teammates. Among them is adviser Glenn Mullan, whose 35-year exploration/mining career includes his current role as president/CEO of Golden Valley Mines TSXV:GZZ. Director Scott Jobin-Bevans, with more than 22 years of exploration experience, wrote his PhD thesis on PGE mineralization in Ontario.

Accessible by logging roads and float plane, the 11,168-hectare property sits about 40 kilometres north of Hemlo and 28 kilometres southeast of the town of Manitouwadge, at the north end of Highway 614.

Anxious to get back, the company plans to resume drilling after spring breakup, Loeber says. Meanwhile the rig remains onsite, making it cheaper and quicker to renew the attack.

Nickel One Resources reports initial drill results from Ontario

April 12th, 2016

This story has been expanded and moved here.

Group Ten selects tightly spaced drill targets for its Ontario gold project

March 7th, 2016

by Greg Klein | March 7, 2016

One week after expanding its Yukon PGM-nickel-copper property, Group Ten Metals TSXV:PGE updated its Drayton-Black Lake gold project in northwestern Ontario. Following a review of historic results, the company has chosen targets for a recommended 20-hole 2,000-metre drill campaign.

Group Ten selects tightly spaced drill targets for its Ontario gold project

Located in the same belt hosting Treasury Metals’ (TSX:TML) Goliath, Tamaka Gold’s Goldlund and New Gold’s (TSX:NGD) Rainy River projects, Group Ten’s 7,968-hectare property includes an historic database with multiple high-grade bulk samples and over 120 drill holes, as well as geological, geochemical and geophysical data, the company states. “While 43% of past drill holes intercepted gold or copper mineralization, they did not adequately test the mineralized zones, which are now better understood in the area.”

Trench mapping and surface sampling in the property’s Moretti area indicate higher-grade mineralization occurs within steeply plunging shoots averaging less than 30 metres long and 10 metres thick, Group Ten found. While historic drilling was too widely spaced to effectively test the shoots, the company’s recommended 20 holes would be collared about 20 metres apart.

“The dimensions of these shoots are similar in size to those delineated by closely spaced drilling at the Goliath project, where shoots have been traced down plunge for as much as several hundred metres,” Group Ten added.

The company also proposes additional mapping and sampling on the property’s Bonanza, Dragfold and Clamshell areas.

Group Ten CEO Michael Rowley credited Max Baker, Drayton-Black Lake’s new project manager, with confirming that “the geological model seen at the adjacent Goliath and Goldlund projects applies to our Drayton-Black Lake project.”

Last week the company announced completion of a field program on its Spy project in southwestern Yukon. The company staked an additional 1,250 hectares, bringing the property up to 3,135 hectares. Results are pending from silt and rock sampling, prospecting, mapping and reinterpretation of previous geophysics. Historic, non-43-101 grab samples have assayed as high as 75.8 grams per tonne platinum, 7.9 g/t palladium, 7 g/t gold, 2.6% nickel and 10.45% copper.

Group Ten Metals completes Yukon field program, expands PGM-nickel-copper turf

March 1st, 2016

by Greg Klein | March 1, 2016

Still growing its northern presence, Group Ten Metals TSXV:PGE has staked additional ground for the Spy project in southwestern Yukon. That increases the platinum group metals-nickel-copper property by 1,250 hectares to total 3,135 hectares, the company announced February 29.

Group Ten Metals completes Yukon field program, expands PGM-nickel-copper turf

Assays are pending from a sampling program
on Group Ten Metals’ expanded Spy property.

Group Ten optioned 100% of the first claim block in September for 1.05 million shares over three years and a 3% NSR. With funding assistance from the Yukon government, the company then conducted silt and rock sampling, prospecting, mapping and reinterpretation of previous geophysics. Once assays arrive, they’ll be integrated with the geophysical reinterpretation to define targets for trenching and possibly drilling.

Historic, non-43-101 grab samples returned grades as high as 75.8 grams per tonne platinum, 7.9 g/t palladium, 7 g/t gold, 2.6% nickel and 10.45% copper, Group Ten reported.

Spy comprises one of three road-accessible Group Ten projects in the 600-kilometre-long Kluane Ultramafic Belt, stretching from northern British Columbia through the Yukon into southern Alaska. Roughly 40 kilometres north of Spy sits Group Ten’s flagship Catalyst project, which borders on three sides the Wellgreen PGM-nickel project, where Wellgreen Platinum TSX:WG completed a preliminary economic assessment last year. Group Ten’s Ultra project sits south of Spy.

In September the company also picked up the Duke Island copper-nickel-PGE project on the Alaska Panhandle for two million shares and a 1% NSR. In western Ontario Group Ten holds the Black Lake/Drayton gold project.

Nickel One completes acquisition, begins trading, raises $890,000

March 1st, 2016

by Greg Klein | March 1, 2016

Having made its trading debut on February 29, Nickel One Resources TSXV:NNN prepares to explore its Tyko project in Ontario’s Thunder Bay mining district. Formerly Redline Resources, Nickel One comes about following the acquisition of Tyko Resources.

According to one chart provided by the company, some drill highlights from a 2006-to-2007 campaign on the 11,168-hectare property have shown:

Hole TK-06-001

  • 1.09% nickel, 0.76% copper and 0.42 grams per tonne palladium over 4.15 metres, starting at 17.4 metres in downhole depth

Hole TK-06-003

  • 1.06% nickel , 0.51% copper and 0.12 g/t palladium over 1.08 metres, starting at 63.92 metres

Hole TK-06-005

  • 1.05% nickel, 0.5% copper and 0.12 g/t palladium over 6.2 metres, starting at 25 metres
Nickel One completes acquisition, begins trading, raises $890,000

Now trading and recently financed, Nickel One
has work planned for its Tyko property in Ontario.

True widths weren’t provided.

Anomalous nickel, copper and platinum group elements appear within a possible conduit that was interpreted from magnetic survey data, according to a 43-101 technical report. “The property shows many similarities with mafic to ultramafic feeder systems such as Voisey’s Bay in northern Labrador and Jinchaun in China,” the report stated. “These deposits are characterized by magmatic sulphides collecting within the feeder of a large intrusive body due to variations in geometry that caused changes in flow dynamics such that immiscible sulphides were able to settle out and collect in structural traps.”

Hoping to find a comparable system at Tyko, the company has outlined a $396,000 program that would include mapping, prospecting and drilling. The company closed an $890,000 financing that included $500,000 in flow-through units.

Nickel One also settled $197,212 in debt by issuing 1.97 million shares.

Infographic: The world’s most valuable substances by weight

January 12th, 2016

Text by Jeff Desjardins | Graphic by BullionVault

The world’s most valuable substances by weight

In the field of economics, the laws of supply and demand state that the price of a product and its available supply to the market are interconnected. For example, if a good such as crude oil is produced in excess, the price will drop accordingly.

However, sometimes substances are nearly impossible to produce in the first place—and that means that it can be extremely difficult for the market to respond to increases in demand. The world’s most valuable substances generally fall into this category and this makes their value per gram very high.

White truffles, for instance, only grow for a couple of months of the year, almost exclusively in one part of Italy. They must be foraged by special pigs, and they seem to be worth more every year. The price per gram for white truffles is $5, which means that a pound costs close to $2,000.

Despite this, white truffles barely crack the list of the most valuable substances by weight.

Saffron, a spice that is gathered from the flower of the crocus sativus plant, is another notch higher on the list. To get one pound of dry saffron requires the harvest of 50,000 to 75,000 flowers. There’s only 300 tonnes of production each year, and that annual production is worth around $3 billion.

Higher up on the list of the world’s most valuable substances are some familiar metals. Silver does not make the list, as it is only worth around $0.50 per gram. However, many of the platinum group metals (PGMs) do make the list: platinum, palladium, rhodium and iridium all range between $16 and $27 per gram. Gold also makes the list, and it has traded for more than an ounce of platinum since early 2015. One gram of gold is worth just under $34.

At the top of the list we find a combination of extremely rare metals, radioactive isotopes and gemstones.

The radioactive element californium, first made in 1950, is the most valuable at $27 million per gram. It is one of the few transuranium elements that have practical applications, being used in microscopic amounts for metal detectors and in identifying oil and water layers in oil wells.

Diamonds are near the top of the list as well at $65,000 per gram, though like many other gemstones, the value depends on the specific crystal in question. Many industrial diamonds are relatively cheap, but the rarest and most beautiful stones can be worth millions.

Iranian beluga caviar and crème de la mer are the most expensive non-metals or non-gemstones on the list. Iranian caviar is made from the roe of beluga sturgeons found in the Caspian Sea, and it is valued at about $35 per gram. Crème de la mer was originally created by a physicist for NASA to heal his burns, but it is now sold as a face cream by Estée Lauder for $70 per gram.

Graphic by BullionVault / Posted with permission of Visual Capitalist.