Perth, Western Australia - Thursday March 3, 2022 |
Arafura to establish global rare earth hub in NT |
Arafura Resources has a shovel ready rare earths deposit in the northern Territory that it says could supply over 5 per cent of the world’s insatiable demand for the all-important heavy rare earth elements. The company’s Nolans rare earth project is fully approved and houses a massive 29.5 million tonnes reserve at 2.9 per cent total rare earth oxides with excellent infrastructure nearby and a supply agreement with Korea already locked away. |
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Panther strikes high-grade nickel and cobalt |
Panther Metals has amassed high-grade nickel and cobalt zones in all drill holes assayed to date in a maiden program at the company’s flagship Coglia project just 70 kilometres east of Glencore’s Murrin Murrin mine about 880 kilometres east of Perth. Noteworthy results include 14 metres grading 1.17 per cent nickel from 49m downhole with an internal metre going 3.44 per cent nickel and 1,460 ppm cobalt. |
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Gilbey’s North delivers more gold for Gascoyne |
ASX-listed Gascoyne Resources’ new discovery Gilbey’s North has delivered its best hole to date with multiple high-grade intercepts. The standout drillhole yielded several intercepts totalling 56 metres of strong gold mineralisation less than 1 kilometre from the 2.5 million tonnes per annum Dalgaranga processing plant. The hole included a high-grade parcel of 4m going 11.3 grams per tonne gold. |
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Capital markets specialist to Chair Hot Chili |
Australian and Canadian listed company, Hot Chili has appointed Dr Nicole Adshead-Bell as the company’s independent non-executive chairman. Dr Adshead-Bell has over 25 years of experience within capital markets and resource sectors. Hot Chili is currently developing its large copper-gold project in Chile with production forecast to be 100,000 tonnes of copper and 70-80,000 ounces of gold per annum. |
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Valor lights up large Peruvian porphyry copper target |
Mineral explorer Valor Resources has lit up an interesting geophysical anomaly at its Picha project in Peru. The 2km by 2km induced polarisation anomaly is believed to reflect potential copper-bearing sulphide mineralisation at depth related to a large porphyry body. The company has kicked up a clutch of compelling copper-silver targets from its combined geophysical and geochemical surveys that are begging to feel the drill bit. |
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Askari steps up lithium hunt across tier 1 jurisdiction |
Multi-element junior explorer Askari Metals has completed an expansive airborne reconnaissance site visit across its Yarrie lithium project in an escalation of its hunt for the highly sought-after white gold that sits at the heart of the EV minerals revolution. Located in Western Australia’s Eastern Pilbara, the project spans more than 1,700 square kilometres and is surrounded by some of the most significant hard rock lithium deposits in the world. |
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Antilles secures pipeline of Cuban copper-gold prospects |
ASX-listed Antilles Gold has secured a pipeline of copper-gold targets, collectively known as the Los Llanos Project, through the formalisation of an International Economic Assessment with its Cuban partner, the State-owned GeoMinera SA. The IEA is effectively a global exploration agreement with GeoMinera allowing Antilles first pick over a plethora of Cuban copper-gold riches available to transfer into the newly established project. |
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88 Energy targets massive oil reservoir in Alaska |
Alaska-focused oil explorer 88 Energy Limited is poised to spud the Merlin-2 well at its wholly owned Peregrine oil project in Alaska with mobilisation of the drilling rig to site complete. Merlin-2 is targeting a prospective resource of 652 million barrels of oil. Managing Director and CEO, Ashley Gilbert said success at Merlin-2 has the clear potential to be “transformational.” |
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BMG wraps up WA gold drilling blitz |
Gold explorer BMG Resources has wrapped up a diamond and aircore drilling blitz at its high-grade Abercromby gold project in the north-eastern Goldfields of WA. Drilling was designed to chase up a suite of wide gold hits from a previous reverse circulation campaign at the Capital prospect along with testing multiple grass roots targets generated from a recently completed ground geophysical program. |
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Kaiser hits gold and develops new targets in Victoria |
Kaiser Reef has tabled high-grade gold assays from the first four drill holes at the Nuggety Reef mine in Maldon, Victoria. Results from the quartz vein hosted mineralisation included 0.4m at 52.8 g/t gold from a new reef associated with bismuth. All four holes recorded assays above 2 g/t gold. New targets from geophysical data include a gravity high east of the Maldon goldfield. |
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ADX Energy increases Austrian oil and gas production
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Europe-focused ADX Energy has increased oil and gas output from its Gaiselberg and Zistersdorf fields by 25 per cent in the Vienna Basin, Austria. Workovers and new production perforations improved both oil and gas output with the field gas rate improving by a staggering 85 per cent. The fields are now producing 318 barrels of oil equivalent per day, compared to the previous 254 barrels. |
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African diamond production in sight for Newfield |
Newfield Resources has boasted higher than expected recoveries as it surges ever closer towards production at its Tongo diamond mine development in Sierra Leone. The ongoing works will enable access to the ore body and the establishment of the first mining stopes, signalling the transition from explorer and developer to producer. Initial production is slated to commence in June 2022. |
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Coda and Torrens issue merger statements to shareholders |
180 pages of bidder’s and target’s statements are on the way out to Torrens Mining and Coda Minerals shareholders as the two companies try to bring the exciting Elizabeth Creek copper cobalt project in South Australia under one roof in a $23 million merger proposal. The Emmie Bluff discovery is amongst the largest known sediment-hosted copper deposits in Australia. |
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Aruma hits lithium bearing pegmatites in maiden drill program |
Aruma Resources has burst onto the lithium scene with a flurry of shallow, thick pegmatite drill intersections showing visible spodumene across a strike length of over 500m at its Mt Deans lithium project approximately 170 kilometres south of Kalgoorlie in WA. Pegmatites were intercepted in all eight holes drilled to date with one near-surface hit displaying a 25m thick vertical body of the prospective host rock. |
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Godolphin picks up stake in NSW REE project |
Gold and base metals explorer Godolphin Resources have added another string to its bow after entering into a two-tranche farm-in and joint venture agreement with private exploration outfit EX9 to earn up to a 75 per cent stake in the Narraburra Rare Earth Element Project located some 15 kilometres north of Temora in central west NSW. |
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KalGold set to continue Kalgoorlie drilling campaign |
Junior gold explorer Kalgoorlie Gold Mining, or KalGold has locked in a diamond rig and RC rig to continue its exploration work following in the wake of a 3,519m program at the company’s flagship Bulong Taurus gold project near Kalgoorlie in WA. Whilst drill assays are pending, a series of shallow auger results have returned confirming extensive gold anomalism south and southeast from the La Mascotte prospect for up to 1.5km. |
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Emu confirms primary nickel sulphides in WA |
Petrology studies have confirmed primary nickel sulphides at Emu’s Sunfire nickel-copper-PGE project near Bridgetown in the southwest of WA. Historical reports accompanying two diamond drill holes from 1970 identified the presence of the nickel-bearing minerals “pentlandite” and “millerite” from relatively shallow depths of 65 metres to 140m with the revelation to drive an aggressive exploration programme later this year. |
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Pan Asia nails down more Thailand lithium |
Pan Asia Metals continues to unlock lithium at its Reung Kiet prospect, near Phuket in Thailand after the latest seven holes from a rolling resource drilling program at the larger Reung Kiet project returned a flurry of anomalous intercepts. Some of the better results include 30.25 metres going 0.76 per cent lithium oxide and 6.5m grading 0.63 per cent lithium oxide. |
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