Peninsula Mines Limited (ASX: PSM)
Peninsula Mines (ASX:PSM) has its finger on the pulse of several in-demand commodities, in a region of the world where demand for these commodities continues to reach new heights.
PSM’s zinc-silver and graphite projects in particular which are all located in South Korea, have come at a time the doyens of South Korean industry and manufacturing have all amped up their requirement for raw materials to fuel their lithium-ion batteries.
The likes of LG, Samsung and Hyundai are all looking for local sources of material and PSM could be ion the gun to one day be a provider of choice as it ramps up operations in what has traditionally been an underexplored country.
Signs are already positive for PSM which has recently had key tenements granted, received “exceptional” soil and rock chip sampling results, and is now on track for a speedy drill targeting campaign at its zinc-silver project.
The $11 million capped PSM also recently released high-grade channel sampling intersections from five trenches sampled at its South Korean graphite project.
Excellent metallurgical results here indicate potential to produce a high-purity 97% total graphite concentrate (TGC), which are very encouraging signs for the company.
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PSM is exploring for highly sought after commodities and has thus far delivered highly promising results in a region where demand for these commodities is increasing.
With further results due shortly for its low cost zinc-silver and graphite plays, now could be a good time to look into this potentially emergent small cap.