Perth, Western Australia - Friday January 7, 2022 |
Calima cleans up with 2022 Canadian frac campaign
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Calima Energy’s active start to the New Year in Canada has continued with the company spudding a new Pisces well on its Brooks field and kicking off multi-stage fracking on two earlier Pisces wells. The news comes on the back of concurrent fracking and ‘cleanup’ operations on three Leo wells at its Thorsby project that has boosted Calima’s daily oil production to around 3800 barrels. |
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Venture tin project fully funded following gangbuster cap raise
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Venture Minerals has ensured its Mount Lindsay tin-tungsten project in Tasmania is fully funded to completion after it netted $6 million from a heavily oversubscribed share purchase plan. The recently raised funds complement a $4.25 million war-chest raised through a December private placement. The money will also go towards an updated feasibility study and additional testing of its Mount Lindsay targets. |
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Hot Chili commences trading on Canadian TSXV
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Hot Chili, which took 100 per cent ownership of Cortadera last year - one of the two largest global copper discoveries since 2016 - has completed its journey to becoming a dual-listed company after its shares commenced trading on the Canadian TSXV this week. The C$30 million raised will underwrite 18-months of drilling and development works at its multi-deposit Costa Fuego copper-gold porphyry project in Chile. |
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ADX makes Austrian oil and gas discovery with Anshof-3 well
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Less than 12 months after acquiring its Austrian permit, ADX looks to have made an oil and gas discovery with its Anshof-3 well, located only 50 metres from pipelines into energy-hungry Central Europe. Based on drilling data, ADX has reported an oil zone at the primary target and a gas zone in a shallower section of the well. |
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Record daily production puts Element 25 back on track
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Element 25 has roared back to life with record daily production after repair and modification works of the processing plant were completed at its Butcherbird manganese project in WA. The processing plant modifications, which were undertaken following a shaft failure late last year, delivered improved production volumes averaging 934 tonnes per day since kicking the plant back into action on 23 December 2021. |
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Surefire picks up new WA gold ground
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Surefire Resources is set to kick off the new year with a fresh bit of kit after picking up close to 160 square kilometres of prospective gold ground, some 300km from Perth. The company says its newly acquired tenement is significantly underexplored and that historical soil sampling delivered grades of up to 1 gram per tonne of anomalous gold. |
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Venus tallies stellar WA gold recoveries from Youanmi ore
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Venus Metals Corporation has tallied some impressive gold recovery rates with an average of 92.2 per cent gold extraction from metallurgical test work on its Youanmi Deeps mineralisation near Sandstone in WA. Venus, together with its joint venture partner, Rox Resources, trialled a series of treatment methods and decided the Albion process is the preferred treatment to deliver high gold yields with low overall cost. |
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Torian extends WA gold run with string of shallow hits
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Torian Resources has continued its run of gold hits at its 100 per cent owned Mt Stirling project in the Eastern Goldfields of WA that extends its mineralised gold envelope up-dip towards surface. The latest results from its massive 17,500m campaign include a 4 metre section grading 4.76 grams per tonne from 70m downhole, 4m going 1.97 g/t gold from 8m and 7m at 0.78 g/t gold from 42m downhole. |
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Frontier snaps up prime ‘critical minerals’ real estate
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Frontier Resources has got its hands on a healthy parcel of land considered prospective for rare earths and high purity alumina following the 100 per cent acquisition of privateer Dalkeith Capital Limited. The Gascoyne-based rare earths project is set to bolster Frontier’s already burgeoning arsenal of battery minerals in the northwest that are critical to the production of permanent magnets within batteries. |
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King River makes further inroads with battery tech
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King River Resources has shored up its high purity aluminium precursor compounds in a bid to supply the increasing demand from the lithium-ion battery industry. A fourth run-through of the company’s proprietary “ARC” processing technology using its newly commissioned pilot plant has now surpassed original expectations consistently creating a “Type 1” precursor aluminium salt grading exceeding an incredible 99.999 per cent purity. |
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Altech inks MoU with two lithium battery material suppliers
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Altech Chemicals has taken a vital step closer towards the development of a high-purity alumina coating battery material plant in the German state of Saxony signing two MoU's with European-based lithium-ion battery grade anode material suppliers. Altech’s 75 per cent owned subsidiary, Altech Industries Germany inked the deals with SGL Carbon GmbH and Ferroglobe whilst it continues to progress a PFS on a potential 10,000 tonne per annum HPA coating plant. |
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Troy seeks to recapitalise and reboot trading on ASX
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Troy resources is seeking shareholder approval for a series of agreements that would convert current debt into equity and raise funds to pursue its Smarts Underground project at its Karouni gold mine in Guyana and restart trading on the ASX. The company plans to convert approximately $18.7 million of debt to equity and issue shares at $0.022 to raise approximately $7.2 million to progress its South American mining operations. |
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Geophysics points to more US lithium brines for Reedy Lagoon
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Reedy Lagoon could be onto more “white gold” at its US-based Alkali Lake North lithium brine project after a 2D shallow seismic reflection survey identified shallow reflectors in a structure at the site. The company says preliminary observations at the Nevada site suggest the shape of the reflectors are consistent with previously acquired gravity data. |
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