Perth, Western Australia - Tuesday March 15, 2022 |
Magnetite back in vogue as Macarthur sets course for production
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Macarthur Minerals recently spun out its precious and battery metals assets to focus on its iron ore projects that boast estimated post beneficiation magnetite grades up to 69 per cent iron ore near the port of Esperance in the Southern Cross province northwest of Kalgoorlie in WA. Importantly, Macarthur has already locked in a reliable life of mine offtake partner with a 10 year agreement recently signed with megaminer and trader Glencore. |
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Gold bulls muscle up as precious yellow metal hits its straps
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With inflation rising across the globe and western economies imposing sanctions on Russia in response to its invasion of Ukraine, Goldman Sachs, of the world's largest investment banks, has hiked the prices of its commodities forecasts, citing supply disruptions that it says could drive the price of gold towards US$2,500 per ounce this year. |
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Rods start spinning in Pilbara gold search for Tambourah
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The rods have started spinning for ASX-listed Tambourah Metals at its namesake gold project in Western Australia’s Pilbara region. The reverse circulation campaign will drill 2,000 metres over 19 holes in two high priority areas and will test extensions of known and historical gold mineralisation. Targets include the Kushmattie prospect, Federal Mine workings and geophysical targets identified through interpretation last year. |
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Rock chips point to high-grade US uranium for Okapi
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Okapi Resources has its sights set on a drilling campaign at its Rattlesnake prospect after a 28-piece rock chip sampling program yielded grades as high as 1.24 per cent triuranium octoxide. According to the company, over half of the sample set produced values above 1,000 parts per million. The prospect is part of the larger Rattler uranium project in the La Sal mining district of Utah. |
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Kalamazoo boasts excellent metallurgical result |
Kalamazoo is boasting excellent metallurgy results from initial flotation test work on samples from its flagship gold project in WA’s Pilbara region. Recoveries of up to 94 per cent were achieved and a maximum concentrate grade of 39.2 g/t gold. The recoveries resulted from the initial test work on four metallurgical composites from the large Mt Olympus deposit contained within the 1.65-million-ounce Ashburton gold project. |
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Triangle plots course for Perth Basin rejuvenation |
Triangle Energy’s new board has laid out its plan for the road ahead since taking control of the Perth Basin operator, focusing firmly on the $11 million final shipment from the BP Kwinana facility in June. The company has just completed a strategic review that aims to preserve and increase production across its portfolio of assets. |
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Report backs Quantum plan for thermal energy cells |
Quantum Graphite’s plan to manufacture thermal energy cells using its own graphite deposit in SA for retrofitting coal-fired power stations has jumped to the next stage. A newly commissioned report has suggested its technology, that is jointly being developed with Sunlands Co, is one of the most promising of the available long duration thermal energy storage solutions. |
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White Cliff to focus on lithium after project farm-out
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White Cliff Minerals is set to offload a pair of its non-core assets after entering into a deal with GenX Resources to farm-out its Coronation Dam and Ghan Well nickel-cobalt projects in Western Australia. According to the company, the impending transaction reinforces its strategy of focussing on its wholly owned lithium and rare earths projects in the state. |
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Positive nickel, copper metallurgy results for St George |
St George Mining has confirmed the potential to produce two commercially viable concentrates with metallurgical test work displaying nickel grades of 11.5 per cent with 3.32 grams per tonne palladium, 0.65 g/t platinum and 0.61 per cent cobalt and copper at 27.8 per cent with 12.4 g/t palladium, 1.9 g/t platinum and 2.6 g/t gold. Importantly no deleterious elements that could affect the saleability of the concentrates were identified. |
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Taruga hits SA polymetallic picnic |
Taruga Minerals has received final assay results from recent drilling displaying anomalies across a range of battery metals including copper, nickel, lithium and rare earths at its Morgan’s Creek project in South Australia. Taruga says the geochemistry and mineralogy intercepted at its Hydrothermal Hill and Oxide Hill deposits indicate a large alteration system and lie along the same trend as historical copper workings. |
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Antilles eyes further prospective Cuban ground |
ASX-listed Antilles Gold is targeting further prospective ground to be added into its Los Llanos exploration agreement with its Cuban partner, the State-owned GeoMinera SA. The explorer believes it could have identified three large and potentially “company making” porphyry copper-gold deposits near Ciego de Avila in central Cuba that could potentially support a large-scale open pit mining operation. |
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Mount Ridley morphs into rare earths contender |
Over the last 18 months, ASX-listed Mount Ridley Mines has morphed into a rare earths contender. The company believes its namesake project is showing potential to host a major quantity of rare earths that are fast becoming in demand as the electric vehicle juggernaut takes hold. The United States Geological Survey says China has produced an incredible 87 per cent of the world’s rare earths to-date. |
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Ardea gets water licences for Goongarrie nickel mine |
Ardea Resources is cutting through more regulatory green tape in the development of the Goongarrie Hub of its Kalgoorlie nickel project after being granted long term water licences from WA regulator the Department of Water and Environmental Regulation. The 10-year, renewable licences will give the company long term access to base-load water requirements for the proposed 3.5Mtpa Goongarrie Hub nickel processing facility. |
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Riedel rolls drill rig back in after strong gold hit |
Riedel Resources has rolled the drill rig back into its Tintic prospect within the company’s Kingman gold project in Arizona following a suite of very strong gold and silver hits in its 2021 drill programs. Cracking results from the two RC programs completed last year include a 3.8 metre hit grading a whopping 98.9 grams per tonne gold and 151 g/t silver from only 20.6m downhole. |
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New heavy minerals for Image Resources |
Image Resources has tabled a timely resource update on seven of the eight projects recently acquired in WA’s historic Eneabba mineral sands mining district, located 275km north of Perth. The total mineral resources for all seven stands at 199 million tonnes grading 2.8 per cent THM with 5.5Mt of contained heavy minerals at 84 per cent VHM |
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Caeneus launches WA nickel hunt amid surging prices |
Spurred on by a surging nickel price and market outlook for nickel, Caeneus Minerals has fired up a 2000m RC drill program at its Pardoo nickel deposit, part of its larger namesake project about 120 kilometres from Port Hedland in Western Australia. According to the company, the campaign will be aimed at further testing historical nickel mineralisation and investigating the platinum group metal potential of the project. |
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Classic uncovers gold-bearing gravels |
Classic Minerals has unexpectedly uncovered what appears to be gold-bearing river gravels at the company’s Kat Gap project in Western Australia. An onsite crush and pan of the river gravels yielded some visible gold in the dish for the explorer during the ongoing bulk sample mining operation at its flagship project. The bulk sampling is expected to run for the next six weeks. |
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Kopore beefs up uranium prospects with data acquisition |
Kopore Metals has inked a deal to get its hands on historical mining information from Paladin Energy for its Agadez project in Niger, West Africa. According to the company, the dataset, which includes geological and geophysical information, surveys, drill logs and assay results, will allow it to validate historical data and bolster future work programs without eating up its cash reserves with doubled up exploration. |
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