Duncastle Gold CEO Mike Rowley on Shifting to Yukon PGMs

Previously focused on gold, Duncastle recently secured several PGMs-nickel-copper properties in Canada's Yukon, right next to Wellgreen Platinum's recently defined world-class deposit.

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Company News

NovX21 Appoints Interim Chief Financial Officer

NovX21 Appoints Interim Chief Financial Officer

NovX21 (TSXV:NOV) announced it has appointed Yves Therrien as its interim chief financial officer. Therrien is a member of the Ordre des comptables professionnels agréés du Québec (CPA, CMA) and holds a Bachelor of Administration.

Platinum Group Metals Intersects 4.80 g/t 3E at 80 Meters

Platinum Group Metals (TSX:PTM,NYSE MKT:PLG) announced it had completed approximately 71,000 meters of vertical core drilling at the Waterberg joint venture and Waterbergf Extension. Intercepts returned 4.80 g/t 3E: 1.41 g/t of platinum, 3.18 g/t of palladium, 0.21 g/t of gold, 0.10 percent copper and 0.23 percent nickel from 370 to 450 meeters.

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Market News

Platinum Bull Market to Come?

According to an article from Seeking Alpha, platinum could still stand to swing into a bull market this year on the back of shrinking resources and slowing production from South Africa. Analysts from J.P. Morgan and Standard Bank see stockpiles that have stopped prices from rising as of late are rapidly being depleted.

Investors Cowed by Platinum Supply Uncertainties

Reuters reported that one reason investors are shying away from platinum is that it's uncertain how much of the metal exists above ground "or more importantly who holds it."

LME To Set Platinum and Palladium Prices

Reuters reported that The London Metal Exchange will set London platinum and palladium prices starting December 1st. Pricing will be run via bespoke platform LMEbullion, an electronic version of current pricing procedures.

Will Central Banks Buy and Sell PGM’s to Control Prices?

Mineweb's Kip Keen commented on a recent announcement that Sergei Donskoi, Russia's Minister of Natural Resources, suggested that South Africa and Russia buy platinum and palladium through their central banks to exert some control over metals prices. The author ran a "what if?" scenario past Harry First, a law professor at the New York University School of Law with a special interest in international anti-competition issues.

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