Canadian (TSX) Materials Sector Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 04 Dec 2021	CA$468.1b	CA$187.2b	CA$24.2b	9.6x
Mon, 01 Nov 2021	CA$464.4b	CA$179.2b	CA$22.8b	11.1x
Wed, 29 Sep 2021	CA$439.4b	CA$177.5b	CA$21.7b	10.5x
Fri, 27 Aug 2021	CA$454.2b	CA$174.6b	CA$21.5b	11.1x
Sat, 03 Jul 2021	CA$458.3b	CA$174.5b	CA$21.5b	11.9x
Tue, 06 Apr 2021	CA$419.1b	CA$159.8b	CA$15.0b	14.3x
Fri, 08 Jan 2021	CA$426.6b	CA$151.5b	CA$8.9b	15.2x
Thu, 01 Oct 2020	CA$415.6b	CA$147.0b	CA$3.8b	18.7x
Sun, 05 Jul 2020	CA$367.8b	CA$143.8b	CA$3.4b	18x
Wed, 08 Apr 2020	CA$251.6b	CA$149.9b	CA$2.6b	15.7x
Tue, 31 Dec 2019	CA$310.4b	CA$140.4b	CA$3.9b	18.7x
Fri, 04 Oct 2019	CA$288.5b	CA$142.3b	CA$1.4b	16.2x
Mon, 08 Jul 2019	CA$290.6b	CA$139.9b	-CA$1,544,505,857.75	17x
Sun, 31 Mar 2019	CA$281.8b	CA$142.1b	-CA$1,412,706,168.91	15.2x
Wed, 02 Jan 2019	CA$252.5b	CA$143.4b	-CA$217,640,828.50	11x


Paper and Forestry Products	-0.38%
Basic Materials	-1.60%
Packaging	-2.42%
Chemicals	-3.55%
Metals and Mining	-5.33%

Company	7D	1Y	Valuation
SLI Standard Lithium	-1.7%CA$142.5m	419.2%	PB30.8x
NCU Nevada Copper	-16.9%CA$131.6m	-54.6%	PE30x
IBAT International Battery Metals	71.1%+CA$102.4m	539.3%	PB50.9x
EMO Emerita Resources	13.9%+CA$76.9m	1,768.6%	PB80.6x
AGC Amarillo Gold	72.3%+CA$65.6m	30.6%	PB1.8x

Nov 30

Rupert Resources Ltd Reports New Results from Its Heinä Central and Ikkari Drill Programs

Rupert Resources Ltd. announced new drill results that strengthen Ikkari resource, demonstrate the potential for a satellite deposit, and introduce a high-grade copper component to mineralization in the district. Heinä Central: New drilling demonstrates both the satellite potential at Heinä Central, located 1 kilometre (km) north of Ikkari, and highlights associated high-grade copper potential with multiple intervals including copper grades in excess of 1% (tables 1 and 2a) . High-grade copper: Hole #121088 returned 1.0 g/t Au and 1.6% Cu over 56m from 131m (101m vertical), including 2.4g/t Au and 3.9% Cu over 10m. High-grade gold: Potential indicated by Hole #121116 which intersected 40.3g/t Au over 6.7m, including 259g/t Au over 1m from 104m. Previously reported metallurgical work indicates potentially straightforward processing. Ikkari: Six new drill holes from Ikkari strengthen the resource on tighter drill spacing with high-grade gold underground potential indicated by drill hole #121115, which returned 7.7 g/t Au over 30m from 457m (375m vertical). Circa 20 holes pending. Ikkari and Heinä Central are two of six discoveries identified and drilled to date that are located on a 5 kilometres long highly prospective section of a 20km regional domain-bounding structure, located within the 595km2Rupert Lapland Project. The six discoveries were made within one year. HEINÄ CENTRAL: Recent drilling from the regional program has been focused on the Heinä Central discovery, located 1km north of Ikkari, as part of an ongoing definition drilling program. The copper component has the potential to add significant value to the asset as further progress understanding. New drill results The current drill program at Heinä Central comprises a series of drill traverses 40m apart, which is designed to explore the extent and grade of the main mineralised zone. The new results continue to demonstrate the potential for economic gold and copper mineralisation over broad zones. Higher gold grades are associated with silica-sericite-pyrite alteration and often contain disseminated visible gold e.g. hole #121090 5.1g/t Au over 12m, including 15.7g/t Au over 3m. Shallower intercepts e.g. hole #121095 2.0g/t Au and 1.0% Cu over 13.3m from 49.9m (40m vertical) indicate that the Heinä Central mineralisation outcrops beneath till cover. The mineralised system remains open to depth, with the broadest intercept recorded in the deepest hole #121088 1.0g/t Au and 1.5% Cu over 56m from 131m. The broad intercept reported here may represent the merging of several lenses. As previously reported (see release 19 January 2021), preliminary metallurgical investigation indicates that conventional flotation can recover up to 90.4% of the gold and 99.5% of the copper. Results presented here are from the first of the new drill sections and have delineated several north-dipping, gold-bearing zones of massive to semi-massive sulphides that include a significant chalcopyrite-associated copper component, as a broader halo to the gold mineralised zone. Sulphide zones form lens-like breccias with rounded clasts of pre-existing quartz-carbonate veining. Results are pending for adjacent sections and further drilling will include testing the down-dip extent. IKKARI PROGRAM: New drilling at Ikkari has been limited by seasonal access constraints. Deeper step outs and infill through the high yielding core of the deposit is planned once freezing has improved ground conditions and optimal drilling angles are possible. Six new holes are released today. These new intercepts all fall outside the open pit shell as modelled for the September 2021 resource and show the potential for high-grade underground potential. Circa 20 holes from Ikkari are pending. Highlights include: # 121115 which contained three mineralised intercepts: 2.8g/t Au over 15m from 385m (320m vertical), 7.7g/t Au over 30m from 457m (375m vertical) and 13.5g/t Au over 3m from 532m (435m vertical). #121104K intersected 5.7g/t Au over 14m from 540m (480m vertical). #121093 intersected 1.9g/t Au over 36m from 402m (347m vertical) In the past year, the majority of drilling has been weighted to advancing Ikkari to a maiden resource estimate. New regional targets continue to be identified through the ongoing base of till sampling program and these are being followed up with reconnaissance diamond drilling. At Heinä Central, the drilling focus has been on delineating extent and grade of the mineralised zone. Similar drill programs are planned at Heinä South during the winter drilling season. Geological interpretation: Ikkari and Heinä Central were discovered using systematic regional exploration that initially focused on geochemical sampling of the bedrock/till interface through glacial till deposits of 5m to 40m thickness. No outcrop is present, and topography is dominated by low-lying swamp areas. The Ikkari deposit occurs within rocks that have been regionally mapped as 2.05-2.15 billion years (“Ga”) old Savukoski group greenschist-metamorphosed mafic-ultramafic volcanic rocks, part of the Central Lapland Greenstone Belt. Gold mineralisation is largely confined to the structurally modified unconformity at a significant domain boundary. Younger sedimentary lithologies are complexly interleaved, with intensely altered ultramafic rocks, and the mineralized zone is bounded to the north by a steeply N-dipping cataclastic zone. In general, alteration and structure appear to be sub-vertical, with lithologies generally dipping ~70 degrees north. The main mineralized zone is strongly altered and characterised by intense veining and foliation that frequently overprint original textures. An early phase of finely laminated, grey ankerite/dolomite veins is overprinted by stockwork-like irregular siderite ± quartz ± chlorite ± sulphide veins. These vein arrays are often deformed with shear-related boudinage and in situ brecciation. Magnetite and/or haematite are common, in association with pyrite. Hydrothermal alteration commonly comprises quartz-dolomite-chlorite-magnetite (±haematite). Gold is hosted by disseminated and vein-related pyrite. Multi-phase breccias are well developed within the mineralised zone, with early silicified cataclastic phases overprinted by late, carbonate- iron-oxide- rich, hydrothermal breccias which display a subvertical control. All breccias frequently host disseminated pyrite, and are often associated with bonanza gold grades, particularly where magnetite or haematite is prevalent. In the sedimentary lithologies, albite alteration is intense and pervasive, with pyrite-magnetite (± gold) hosted in veinlets in brittle fracture zones.

Canadian (TSX) Materials Sector Analysis

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Latest News

NCU

Nevada Copper Corp. Provides Update on Operational Advances

EMO

President & Director recently sold CA$71k worth of stock

SLI

Standard Lithium Ltd. announced that it has received CAD 127.117183 million in funding from Koch Strategic Platforms, LLC

AGC

Hochschild Mining plc (LSE:HOC) entered into a definitive agreement to acquire Amarillo Gold Corporation (TSXV : AGC) from Baccarat Trade Investments Ltd., Eric Sprott and others.

NTR

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FNV

Upcoming dividend of US$0.30 per share

RUP

Rupert Resources Ltd Reports New Results from Its Heinä Central and Ikkari Drill Programs

FL

Frontier Lithium Inc. announced that it expects to receive CAD 10.00122 million in funding

OLA

Independent Non-Executive Director recently sold CA$299k worth of stock

ABX

Upcoming dividend of US$0.23 per share

WPM

Insider exercised options and sold CA$1.3m worth of stock

FM

We Like These Underlying Return On Capital Trends At First Quantum Minerals (TSE:FM)

PAAS

We Think Pan American Silver (TSE:PAAS) Can Manage Its Debt With Ease

KL

Third quarter 2021 earnings released: EPS US$0.96 (vs US$0.73 in 3Q 2020)

IVN

Health Check: How Prudently Does Ivanhoe Mines (TSE:IVN) Use Debt?

IBAT

The Two Former Employees of the Company Files an Action Against International Battery Metals Ltd. in United States Federal Court for Alleged Wrongful Dismissal and Breach of the Share Exchange Agreement