Shares in Peel Mining Ltd (ASX: PEX) are creeping higher today after the company released its investor presentation for May 2021. 

The Peel Mining share price is up 2.98% at the time of writing, trading at 24 cents per share.

Peel Mining is an Australian company that explores and develops precious, base, and specialty metals resources in New South Wales.

Highlights from the investor presentation

Peel Mining's latest investor presentation focused on one thing: copper. Peel is currently pivoting the brunt of its metals mining projects towards copper as the metal hits all-time highs on the commodity indexes. 

The company has interests in four main copper producing mines in the Cobar Basin and is currently drilling for a maiden high-grade copper resource at its Wirlong project.

Peel is also exploring its Mallee Bull mine for the metal, calling the central NSW region "one of [Australia's] highest-grade undeveloped copper deposits". The Mallee Bull mine is 100km south of Cobar on an 8,094-hectare pastoral lease owned by Peel.

The Australian miner will start drilling there at depths of approximately 60 metres and believes deposits may exist as deep as 800 metres.

The company is also touting the copper potential of highly prospective mines called Wagga and May Day, which also show anomalous potential for zinc and lead, among other minerals.

Background on Peel Mining

The company operates through three segments: it focuses on mineral exploration under its joint venture with CBH Resources at its Mallee Bull prospect, which it's currently exploring for copper. It also has interests in mineral exploration under its farm-in agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC), although this doesn't provide the majority of its revenue.

It also has its Peel Segment, which includes all other mineral exploration within Australia and properties 100% owned by the company. The majority of the company's revenue is generated from the Peel segment. Its projects include other parts of Mallee Bull, the Cobar Superbasin Project, and the Wagga Tank Project.

Peel Mining share price snapshot

The Peel Mining share price has had a significant upswing over the past 12 months, rising by more than 80%. But that momentum has slowed in 2021 and the company's share price is down 18% so far this year.

The post Peel Mining (ASX:PEX) share price lifts on copper's 'time to shine' appeared first on The Motley Fool Australia.

The Peel Mining Ltd (ASX: PEX) share price lifted today after the company discovered more high-grade copper hits in its Wirlong mine in western New South Wales.

At the close of trade, the Peel Mining share price was up 2% at 25.5 cents per share.

Based in NSW, Peel Mining explores and develops precious, base, and specialty metals resources. In addition to its Peel segments, which bring in the vast majority of the company's revenue, it also has a farm-in agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC). 

The company's drilling update today revealed that resource definition drilling at its 100%-owned Wirlong deposit had returned further broad and high-grade copper-mineralised intercepts. Wirlong is part of Peel's South Cobar Project, centred around 100km south of Cobar in western NSW.

Peel Mining results 

The company's latest drilling assays show significant zones of chalcopyrite dominant mineralisation in drilling. Four out of its five zones are operated at depths less than 300 metres, with intercepts ranging up to 25g/t up to 165 metres deep.

The company was originally planning to complete its drilling results using reverse circulation (RC) drilling. However, it has now switched to diamond drilling due to significant drillhole deviation since commencement.

Mineralisation returned from the resource definition drilling is generally consistent with the position of electromagnetic conductor plates, supporting the company's initial modelling on the mine.

What Peel management said

Peel Mining managing director Rob Tyson said the switch to diamond drilling was having a positive impact on Peel's discoveries.

Wirlong keeps producing excellent copper hits and, encouragingly, is indicating good vertical spatial continuity between intercepts. Underlining this is drillhole WLRC083 which is positioned 90m above from WLRC073 and has returned a broad interval of copper mineralisation to end of hole including a significant very high-grade interval.

The recent switch to diamond drilling provides additional valuable information to assist with our structural and geological modeling as well as material for metallurgical testwork. Once again, these results, coupled with the visuals and XRF analyses for drillholes still to be reported, assist in our goal of defining a high-grade maiden copper resource at Wirlong.

Peel Mining share price snapshot

The Peel Mining share price is up 128% this past year, but today's gains are against losses of 1.9% this week, 15% this month and 8.9% this year to date.

Despite this, the Peel Mining share price continues to beat its basic materials sector by 80% this year. The gains are likely a result of strong copper prices, which have surged more than US$1 per pound over the past 12 months, to their current price of US$3.98 per pound.

The post Peel Mining (ASX:PEX) share price lifts on high-grade copper hits appeared first on The Motley Fool Australia.

The Peel Mining Ltd (ASX: PEX) share price shot 11% higher today on the back of a market update about the miner's Wirlong site. Peel shares are swapping hands for 25 cents apiece at the time of writing.

Peel Mining is a western New South Wales mineral explorer. The company is focused on developing large-scale and high-grade base metal deposits in the Cobar Superbasin.

Peel Mining holds an approximate 27% shareholding in Saturn Metals Ltd (ASX: STN), a junior gold exploration company that has built a portfolio of assets in the Western Australian Goldfields region.

Peel Mining share price soars upon copper announcement

Prior to the Peel Mining share price shooting up, the company reported very strong copper mineralised intercepts at its 100% owned Wirlong deposit.

In today's announcement, Peel highlighted the mineralisation discovered is consistent with and supports the company's geophysical and geological modelling. The modelling involves the application of an electromagnetic conductor plate and a revised structural model.

Peel Mining managing director Rob Tyson commented:

These drillholes continue to demonstrate very high copper tenors, akin to those seen in previous drilling. The results highlight Peel's opinion of the potential of Wirlong as we push towards a maiden mineral resource and emphasise our desire to become Cobar's next copper-dominant base and precious metals mining Company.

A summary of Peel Mining's Wirlong project

The Wirlong Copper discovery is located approximately 70km south-southeast of Cobar. Mineralisation at Wirlong has been defined from near-surface to a depth of more than 600 metres below surface.

As mentioned by Tyson, the company has initiated efforts to establish a copper-rich maiden mineral resource at Wirlong. The resource definition program for this project consists of approximately 11,000 metres of drilling and is anticipated to be completed in the June quarter of 2021.

The next steps for the maiden resource are preliminary metallurgical testwork, ore sorting trials, along with resource modelling and estimation and a scoping study.

The Peel Mining share price has fallen 6.25% over the past six months. On current prices, the company has a market capitalisation of $80.3 million.

The post The Peel Mining (ASX:PEX) share price jumped double digits today appeared first on The Motley Fool Australia.

Gold explorer Peel Mining Ltd (ASX: PEX) has fallen from a high of 74 cents one year ago to a low of 19 cents recently, a common story amongst many gold mining stocks. While there are concerns over whether a "floor price" has been reached for gold – which makes valuing gold producers hard enough, let alone gold explorers – broking house Hartleys recently reaffirmed its 'speculative buy' rating for Peel. According to The Australian Financial Review, Hartleys also increased its target price on the stock to 32 cents, with the broker stating, "Peel has a number of exciting early stage exploration opportunities which could provide the next discovery."

Tigers Realm Coal Ltd (ASX: TIG) is positioning itself as a global coking coal company through its development of the Amaam Coking Coal Project in Russia. The Amaam Project contains both the Amaam and Amaam North deposits which are resources estimated at potentially containing 412 Mt and 430 Mt respectively. With the company aiming for first production in late 2015, Tigers Realm is one to watch closely in coming months.

Western Desert Resources Ltd (ASX: WDR) is exciting because it has recently moved from development stage to production. The company is backed by some well-known directors including Rick Allert, Bruce Mathieson and Scott Perrin. The timing of the ramp-up of production unfortunately coincided with unseasonably heavy rains which have affected early volumes shipped. Despite this early setback, management is forecasting that in May the miner should ship 250,000 tonnes. With an expected cash cost of below A$65/ tonne, Western Desert's Roper Bar deposit is one of the lowest capital cost per annual tonnes of production mines in Australia (according to statements by management) and with a 5-year off take arrangement with the giant Noble Group there are plenty of reasons to keep an eye on Western Desert.

Foolish takeaway

The demand for commodities such as gold, coal and iron ore is likely to remain robust in coming years. Less well understood is the supply side. A major boost in volumes supplied (all else being equal) will obviously push down prices and is a major risk for investors trying to accurately place valuations on mining companies.

The post 3 small-cap resource stocks for your watchlist today appeared first on The Motley Fool Australia.