Perth, Western Australia - Monday March 7, 2022 |
Torian confirms high WA heavy rare earth ratios
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Torian Resources has re-confirmed higher concentrations of Yttrium and associated critical heavy rare earths after further assay work using “fusion digestion” was shown to dissolve the refractory heavy rare earth solution and liberate Yttrium much more effectively. The pulp ore samples analysed were sourced from the company’s newly discovered Yttria rare earth prospect within its Mt Stirling gold project in WA. |
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Glencore doubles down on Hot Chili copper project |
Hot Chili has backed up an investment by international trading house Glencore with an eight-year offtake agreement for the Swiss commodity trader to purchase 60 per cent of the copper concentrate from Hot Chili’s Costa Fuego copper-gold project in Chile. Glencore is Hot Chili’s largest shareholder and has a seat on the developer’s board. |
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Kopore gets backing for West African uranium play
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Africa-focused explorer Kopore Metals’ shareholders have thrown support behind the company’s 100 per cent acquisition of Endeavour’s uranium project in the Agadez region of Niger in West Africa. The ASX-listed company says the transaction represents a significant step in its strategic expansion into clean-energy focused assets. |
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Calima adds four more wells to Canadian pipeline |
Calima Energy has reported a busy month with oil production in Alberta, Canada consistently hitting rates above the 4000 barrels of oil equivalent per day mark. In addition, the company has also advanced its strategic pipeline which straddles its core Brooks acreage towards the final stages of construction with four additional wells either put into actual production or completed. |
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Classic wheels in heavy machinery in trial mining |
Classic Minerals has wheeled in its heavy machinery, recommencing trial mining as it edges towards production at the Kat Gap gold project in WA. The explorer’s bulk sample mining efforts were put on hold due to wet weather in spring last year. According to the company, the main ore zone will be exposed for the first time in approximately two weeks. |
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Aldoro nails WA nickel targets |
Aldoro has nailed its nickel targets delivering improved intercepts from the latest drilling at its Narndee project in WA. Significant results include up to 4.26 metres grading 1.22 per cent nickel. The reported intercepts represent a marked improvement in width over the previously encountered single metre grading 1.35 per cent nickel from 192m downhole. |
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Middle Island spins off gold to focus on copper |
Middle Island has locked onto copper mineralisation at its Barkly copper-gold project in the Northern Territory. In a purposeful pursuit of iron-oxide copper-gold style mineralisation, the company will shed its gold assets and launch into further exploration of the prospective Tennant Creek region. The impending sale of the $14m market capped the company’s Sandstone gold project for $12m in cash and shares presents an eye-catching valuation on Middle Island’s remaining Tennant Creek operations. |
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Alto kicks off its 2022 WA gold drilling blitz |
Junior gold explorer Alto Metals has launched an initial 18,000m of planned RC drilling as part of a larger 2022 drilling blitz across its Sandstone gold project that has been consistently producing cracking results in Western Australia. Exploration efforts will initially target extensions of mineralisation at the continuously expanding Lord Nelson deposit in addition to further exploring the recent Juno discovery. |
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Askari returns from second lithium hunt in NT |
ASX-listed Askari Metals has completed the second phase of on-ground exploration at the Barrow Creek lithium project in the Northern Territory’s highly prospective Arunta pegmatite province. The work was designed to systematically explore outcropping lithium-caesium-tantalum type pegmatites where initial reconnaissance sampling had confirmed the presence of lithium mineralisation identifying up to 817 parts per million lithium oxide. |
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Strickland assays yield up to 10 per cent zinc-lead |
Drilling at Strickland Metals’ Iroquois discovery has returned high-grade zinc-lead results of 8m at 5.2 per cent zinc and 5m grading 10.1 per cent zinc-lead. The highest grade was contained in a broad zone giving 18m at 4.2 per cent combined zinc-lead. The company notes the discovery lies along strike from Rumble Resources’ Earaheedy project. |
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American West onto more copper-zinc after Utah probe
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American West Metals could have a growing resource on its hands after racking up over 330 metres of visual zinc and copper mineralisation at its West Desert project in Utah. According to the company, the hits are spread across nine intervals and have highlighted the project’s significant resource potential given the majority of the new extensions are beyond the previously discovered resource. |
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Blackstone Minerals lands second Canadian nickel play |
Blackstone Minerals has made a strategic investment in ASX-listed Corazon Mining’s historically significant Lake Lynn nickel-copper-cobalt project northwest of Thompson in Manitoba, Canada. The initial investment of about $2 million will earn Blackstone a 14.32 per cent stake in the exploration and development company. The addition will bolster the company’s upstream supply for its vertically integrated business strategy. |
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Latin grows Brazilian pegmatite footprint |
Latin Resources could be starting to unlock the value of its lithium treasure trove at its Salinas lithium project in Brazil after the explorer confirmed the continuity and thickening of spodumene rich pegmatites in a trio of recently completed diamond holes. According to the company, all the potentially lithium-bearing pegmatites are open along strike and down dip. |
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Copper Search appoints new CEO to steer SA exploration
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Perth-based Copper Search has appointed Duncan Chessell as Chief Executive Officer. The new CEO will hold the tiller as the company combs through South Australia’s highly prospective Gawler Craton. Chessell is a qualified geologist who is currently the managing director of the ASX-listed gold and battery metals explorer Resolution Minerals. |
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Frontier kicks up more Gascoyne rare earths targets |
Frontier Resources has kicked up more targets after getting boots on the ground following up a recent geophysical survey completed at its Gascoyne project near Hastings Technologies’ Yangibana rare earths deposit in WA. Outcropping ironstones have been etched out over several compelling geophysical targets and extended along strike where previous sampling has returned 4,800 parts per million total rare earth oxide. |
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Wiluna finds new buyer for Russia-bound shipments
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ASX-listed gold producer Wiluna Mining says it has arrangements in place to sell all its concentrate to alternative destinations after suspending further concentrate shipments to Russia. Following the wake of Russia’s invasion of Ukraine the producer has immediately suspended one shipment of gold concentrate that had set sail to Amursk, Russia and another that had just left its facility in Wiluna. |
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88 Energy gains confidence from success of neighbours |
Alaska-focused oil explorer 88 Energy’s Project Icewine has received a boost after light oil was recovered across a brace of separate production tests at Pantheon Resources’ Talitha-A well, about 4.5 kilometres from the Icewine acreage. According to the company, the results at the well are highly encouraging given first pass mapping suggests parallel reservoir sequences sit between the zones. |
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