Perth, Western Australia - Tuesday February 8, 2022
Strike on the money with optimised Pilbara iron ore study
Strike Resources appears ready to fast track a final investment decision at its Paulsens East iron ore project in WA’s illustrious Pilbara region after tabling an impressive pre-tax $104m net present value across the initially contemplated 3.5-year mine life. In an updated feasibility study, capital and operational expenses in the recently optimised two staged production development plans have also been slashed amidst strengthening iron ore prices.
Lithium hits add flavour to Kula gold, kaolin hunt
Southern Cross-focussed Kula Gold has added lithium to its shopping list after geochemical sampling yielded a lithium cluster at its Rankin Dome project in eastern WA. Kula has been chasing kaolin, gold and base metals across its four project areas and the new lithium results add an unexpected element of blue sky to the project. 
Castle more than doubles Great Southern graphite tenure
Castle Minerals has grown its graphite exploration footprint in WA, snapping up the Martigallup tenement that takes in the strike extension of its nearby historical Kendenup graphite workings in WA’s Great Southern. The acquisition has grown Castle’s graphite exploration footprint in WA to 150 square kilometres and encouragingly, graphite mineralisation was previously intersected at Martigallup by previous explorers. 
Deep Yellow supercharges Namibian uranium financials
ASX-listed explorer Deep Yellow has continued to shore up its Tumas uranium project in Namibia with some impressive figures beginning to emerge from an ongoing definitive feasibility study.  Areas that have experienced significant estimated improvements include the life of mine, operating margins, net present value and the internal rate of return.
Torian rolls out more impressive WA gold hits
Torian Resources has tabled an impressive set of numbers from the latest drilling campaign at its Mt Stirling gold project, approximately 40km north-west of Leonora in WA. The results include a 10-metre intersection at 9.64 grams per tonne gold from 105m, with a brace of internal sections running 6m at 15.14 g/t gold from 105m and 1m grading 25.07 g/t gold from 110m.
Aurum hits sulphides in maiden drill campaign
Aurum Resources has intersected sulphides and quartz veining in recent drilling at its Penny South project targeting structural anomalies that bear similarities to the nearby high-grade Ramelius Resources owned Penny North deposit and the historical high-grade Penny West mine. Aurum is currently 5 holes into an 18 hole RC drill program for a total of 5,000 metres that is following up previous gold hits and new geophysical anomalies.
Survey points to NT lithium for Askari
Askari Metals could be onto lithium at its Barrow Creek project in the Northern Territory after a hyperspectral remote sensing survey unveiled a string of high priority exploration targets. According to the company, its newly acquired land is highly prospective for lithium-tin-tantalum mineralisation and is proximal to ground held by a number of the industry’s big-hitters, including the $343 billion capped Chinese monolith Lithium Plus.
Quantum Graphite JV partner seals first patent
Quantum Graphite’s joint venture partner, Sunlands Co has received its first patent grant for its thermal battery technology by the South African Patent Office. The company utilises Quantum’s flake graphite within its thermal energy storage cells as part of the developing ‘long-duration energy storage’ sector that has been touted to form a key pillar in delivering stability and flexibility to energy grids increasingly dependent on renewable power. 
Venus sees stars line up over WA goldfields
Gold and base metal explorer Venus Metals has a new four-kilometre mineralised slice of WA goldfields to hunt following the results from a massive 426-hole, 22 km aircore drilling program at its 50 per cent owned Youanmi Regional JV project. Just weeks ago, Venus and partner Rox Resources, tabled a whopping 1.34 million ounce resource upgrade for the project. 
Surefire unveils major WA iron potential
WA-based Surefire Resources has unveiled a large iron exploration target of between 870 and 1,240 million tonnes boasting a grade of between 29 per cent and a whopping 41 per cent iron at its Perenjori project. The company’s share price soared off the back of the announcement finishing the trading day up a cracking 36 per cent.
Lithium Australia shores up ownership of battery recycling play
ASX-listed Lithium Australia is closing in on full ownership of its 90 per cent owned subsidiary, Envirostream Australia, after agreeing to terms for the acquisition of the final 10 per cent of the battery recycling company. The company says with the Battery Stewardship Scheme now in full swing and the stockpile of used batteries ever increasing, the move is a “strategic imperative”.
Panther passes halfway mark in maiden WA nickel drilling
Nickel and gold explorer Panther Metals has ticked over the halfway mark in its maiden 6,000 metre drill campaign targeting nickel-cobalt mineralisation at the company’s flagship Coglia project just 70 kilometres east of Glencore’s Murrin Murrin processing plant within the Laverton region of WA. The first assays have been submitted, testing the prospectivity of the laterite hosted nickel-cobalt mineralisation.
Aldoro hits pegmatites in WA lithium hunt
Mineral explorer Aldoro Resources has intersected multiple pegmatite intervals prospective for lithium mineralisation in all 15 holes of a follow-up, phase two RC drill program at its Niobe project in WA. The company says the drilling validates and extends both the phase 1 drilling and the historic drilling results. The campaign forms part of a larger 64-hole investigation of the project’s landholdings.
Kopore meets first JV milestone at WA copper project
Kopore Metals has blitzed the first year of its earn-in joint venture agreement with fellow ASX-listed Horseshoe Metals sinking over $250,000 into exploration at the Horseshoe West copper-gold play located within the same geological terrane as Sandfire’s coveted DeGrussa copper mine. The company wasted no time in getting boots on ground, completing an airborne magnetic survey before following up with an extensive soil geochemistry program. 
Tietto onto more high-grade West African gold
Tietto Minerals has rattled off another clutch of impressive high-grade gold hits from drilling at its core Abujar-Gludehi deposit in West Africa, where it has already defined over three million ounces of gold resources. The best results from the company’s latest probe included a 5-metre intersection running 33.86 grams per tonne gold from 38m that contained a 1m section going a remarkable 164.28 g/t gold.
Ardea targets further nickel exploration at Emu Lake
ASX-listed battery metal developer Ardea Resources has engaged a specialist geological consultant and drilling and DHEM contractors to assist with a priority follow-up exploration campaign. The work is aimed at initial targets defined at the Binti South and Binti Gossan prospects, within Kalpini tenure in Western Australia. It has identified two distinct Kalpini ultramafic units within its project area, each with a whopping 20km strike.
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