Gallium Price ($US/KG)
24 July 2024 : Price $889.30 Movement: +$12.60
1 January 2024: Price $755.80
Be curious, Not judgemental……
The G50 3 P’s – Our People, Processes, and Projects
We recently attended a prominent resource-focused conference in July. Those presenting had 10 minutes to present and the short format is a great way to pitch the core value position. G50 participated in meetings with existing and new shareholders around the conference. For those new to G50 – we believe our core value proposition is the G50 3 P’s.
Our board members and key management bring varied and extensive experience to G50. As shareholders, we are unified and aligned in our belief, that systematically exploring our projects against a well-defined geological model adds significant value to our projects for all shareholders. The first principles approach to exploration incorporates various streams of workflows and allows for contributions from many specialties.
Since our IPO in August of 2021, G50 has conducted 4 drilling programs across 3 projects in 2 US states culminating in a precious metals and strategic metal discovery at our flagship project at Golconda in northwest Arizona. Our strong geological model for Golconda has allowed us to explore the value proposition of our gallium discovery in conjunction with the polymetallic value proposition. Without our first principles approach and database of work completed before drilling, G50 may have dismissed the strategic value of the gallium discovery. A significant upside remains at Golconda for further discoveries. We have drilled only a small portion of our tenure while first-pass drilling was focussed on the precious metal’s opportunity, the historical production of high-grade zinc and lead with gold and silver credits pre-1917 means we have an exciting exploration journey ahead of us.
Our experience reminds us of similar serendipitous successes for those who dared to think differently and test their theories and geological models with the drill bit. Sandfire, having IPO’d in 2004 made its DeGrussa discovery in 2009 – drilling for gold and finding copper. More recently Azure Minerals started life as a nickel explorer and made a huge lithium discovery on its way to being taken private. WA1 targeted deep IOCG opportunities when they made a high-grade niobium discovery in a carbonatite. Fortune Favors the brave!
All 3 companies share familiar characteristics. Focussed boards with ownership, and strong technical processes and were prepared to drill after sound first principles workflow. Western Australia is equipped with exploration support services, a skilled workforce, and a friendly mining jurisdiction. Combined with good people and processes the path to market while not assured will have smaller hurdles than most.
Like Western Australia, Arizona and Nevada have substantial mining and exploration pedigree. Both are consistently voted the Top 2 US States for exploration and mining and regularly rank in the Top 10 jurisdictions by the Fraser Institute alongside Western Australia. These States have an experienced workforce and the network and relationships the G50 team has built by operating for 2 decades in the USA create a clear competitive advantage. Working from patented claims and exploring in the shadows of headframes at Golconda and White Caps are exciting prospects for the team. These projects have been in time capsules for the better part of 2 decades waiting for the keen eye of our technical team to crack them open and bring them new life.
The Fourth P
That leads us to the fourth P in our value proposition. Partners. By that, we mean everyone from the vendors of the Projects, those we engage in working with us to ultimately and importantly our shareholders.
Great projects attract great people, both to work on them and to share in their potential commercial success. It is management’s responsibility to highlight and demonstrate the value proposition to those who are excited by G50’s prospects and with that we hope to see you soon as we begin marketing on the East Coast of Australia in late August and participate in the New World Metals investment series on September 12th in Sydney, hosted by Vertical Events.
Our success at Golconda is the culmination of 5+ years of work and the keen eye of Danny Sims our exploration manager and Bernard Rowe our director who saw the potential in its geology. Our White Caps project in Nevada shares a similar history – a historical high-grade gold mine shut in the mid-20th century due to low gold prices. In the last 2 years, White Caps has had the G50 work over by our geologists including soil sampling, drone-supported geophysics, and focussed mapping of our main targets. We are almost drill-ready.
When you get a chance to hear our value proposition in person, spare a thought for the decades of experience and rigorous work programs that have culminated in the discoveries. We are stewards of valuable capital, exploring strategic projects for the benefit of all our shareholders.
Go Gallium, Go Gold, Go G50!
S&P Global Market Intelligence Call – “Artificial intelligence, datacenters and energy: Is APAC ready for the challenge?”
G50 attended an impressive webinar this week hosted by S&P Global. We do not want to steal their thunder, but the 4 presenters and moderators have significant depth of knowledge and research on the subject matter. We have taken the liberty of highlighting 1 slide from the 27-page presentation.
Capital expenditure on data centers in the APAC region is slightly outpacing those of other regions including North America. Sustainability is an important factor in choosing a region or availability zone.
GaN Substrate Market is estimated to be USD 526.3 billion by 2031 with a CAGR of 10.7% over the forecast period – Transparency Market Research Inc.
GaN Substrates Market are semiconductor materials used in the production of electronic and optoelectronic devices. GaN substrates offer superior performance characteristics, such as high electron mobility, high thermal conductivity, and the ability to operate at higher voltages and temperatures compared to traditional silicon substrates. These properties make GaN substrates ideal for applications in power electronics, radio frequency (RF) amplifiers, light-emitting diodes (LEDs), and laser diodes. The GaN substrate market has been experiencing significant growth due to increasing demand for high-performance electronics and advancements in semiconductor technology.
GaN Substrate market is projected to reach a valuation of approximately US$ 526.3 billion by the conclusion of 2031. Furthermore, the study predicts that the market will experience a growth rate of around 10.7% annually throughout the forecast period spanning from 2022 to 2031.
