Group Ten Metals Inc. (OTCMKTS:PGEZF) is very happy to announce the appointment of Dr. Danie Grobler to the role of Vice-President, Exploration and Mr. Albie Brits to the role of Senior Geologist, to be effective from May 1st, 2022.
Market Reaction
On Wednesday, PGEZF stock moved down 2.52% to $0.2515 with more than 290k shares, compared to its average volume of 211k shares. The stock moved within a range of $0.2492 – 0.2617 after opening trade at $0.25.
Group Ten Metals Appoints Danie Grobler as Vice-President Exploration and Albie Brits as Senior Geologist to Advance the Stillwater West Critical Minerals Project in Montana, USA
The addition of Dr. Grobler and Mr. Brits to the Group Ten Metals team is a crucial step in the advancement of the company’s Stillwater West project, as a major U.S.-based source of critical minerals – nickel, palladium, copper, cobalt, platinum, and rhodium – in Montana’s productive and famously metal-rich Stilllwater Igneous Complex.
Both members have extensive and over 20 years of senior level experience in advancing major deposits on the northern limb of the Bushveld Igneous Complex in South Africa including, most recently, at Ivanhoe Mines’ Platreef PGE-Ni-Cu-Au mine, which is now under construction.
Their estimates in similar geologic models from the giant mines of Bushveld Igneous Complex is expected to drive expansion of Group Ten’s inaugural NI 43-101 resource estimates, announced in October 2021, which delineated five deposits totaling 1.1 billion pounds of nickel, copper and cobalt and 2.4 million ounces of palladium, platinum, rhodium and gold in Platreef-style mineralization in the lower Stillwater Igneous Complex.
Michael Rowley, President and CEO, has said that appointing two renowned experts with experience in large-scale critical mineral systems, is indeed a milestone moment in the advancement of the Stillwater West project.
Key Quote
Dr. Danie Grobler commented, “The geological parallels between Stillwater West and the Platreef/Flatreef-type mineralized ore bodies in South Africa are truly exceptional. I am very enthusiastic to be joining the highly experienced Group Ten Metals team and am excited to be able to apply my extensive Bushveld and Platreef experience at Stillwater West, with a focus on expanding the recently announced mineral resource. Utilizing the wealth of exploration data available, our immediate goal will be to continue to identify and grow shallow, continuous high-grade Platreef-style PGE-Ni-Cu mineralization within the lower part of the Stillwater Igneous Complex.”
Traders Review
PGEZF stock is trading below the 20-Day and 50-Day Moving averages of $0.30 and $0.31 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.29.
