Perth, Western Australia - April 1, 2022 |
Deep Yellow, Vimy seal $658m uranium merger |
Deep Yellow and Vimy Resources have inked a mammoth $658 million merger, launching a new global uranium player. The deal will see the $377 million market-capped Deep Yellow acquire 100 per cent of Vimy’s shares and pool together what will be one of the world’s largest uranium inventories, standing tall at 389 million pounds of uranium oxide. |
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Bass Strait v the Beetaloo: songs of self-sufficiency?
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It may be over half a century on but kick-starting gas supply out of the Northern Territory’s Beetaloo Basin and the historic move to get oil flowing from the Bass Strait share similar themes. There’s an interesting discussion happening in Australia regarding energy security right now that assumes greater importance during times of high energy and/or geopolitical instability. |
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Latin hits 3.22 per cent lithium in Brazilian probe
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Latin Resources’ Brazilian battery metal quest has taken a vital step forward after the first batch of assay results from diamond drilling at its Salinas project confirmed its potential to host a new high-grade lithium discovery. According to the company, the campaign unveiled a suite of lithium-rich pegmatites with a peak grade of 3.22 per cent lithium oxide notched in one sample. |
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Horizon nets $2m cash from divestments |
Multi-element explorer Horizon Minerals has netted $2 million in cash by divesting assets as it continues its expansive exploration campaign in WA. The company shed its shareholdings in Red Dirt Metals and Cyprium Metals in addition to the non-escrowed portion of Metal Hawk. The earnings pocketed from monetising its assets will be used to fund part of its ongoing large-scale multi-commodity drilling program. |
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Askari scopes significant WA lithium targets |
Battery metals explorer Askari Metals is scoping several significant lithium exploration zones after project-wide targeting and modelling at its Yarrie Lithium project in Western Australia. The company says it plans to put its model to the test with an upcoming foray into the field as early as mid-April. During the program, Askari will sample in a variety of ways, including stream sediments and rock chips in addition to mapping. |
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Brightstar now rig-ready for WA gold hunt
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Gold developer Brightstar Resources has a rig in the wings for a 10,000 metre reverse circulation drilling program at its Cork Tree Well project in WA’s highly prospective Laverton gold belt. The company says the planned work is designed to significantly grow its resource in addition to hitting a new target that has historically recorded a 2m hit going 27.87 grams per tonne gold. |
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Estrella lands more deep nickel copper sulphides
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Nickel-focused Estrella Resources continues to intersect more nickel-copper sulphides in drilling at its Carr Boyd nickel project 80 kilometres north of Kalgoorlie in Western Australia. The company says it has hit a cumulative 17.5 metres of disseminated and blebby sulphides within a broader zone about 24m wide. The finding comes from 782m down a deep hole targeting below the company’s T5 nickel discovery. |
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Survey outlines WA base metal conductors for Torque
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ASX-listed gold explorer Torque Metals has outlined a brace of “strong” base metal conductors through a review of airborne electromagnetic survey data at its wholly-owned Paris Project, located in the productive Boulder-Lefroy Fault Zone near Kalgoorlie in WA. According to the company, it will now accelerate work on the two anomalies that could be linked to intrusions about 2km west of its HHH and Caruso gold prospects. |
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Castle defines, extends Ghana graphite project |
An electromagnetic survey has given clearer definition to the graphite mineralisation at Castle Minerals’ Kambale graphite project in Ghana and indicates likely extensions of the orebody into underexplored ground. The junior explorer and project incubator said the recently completed ground-based electromagnetic survey at Kambale generated more detail and indicated likely below-cover extensions to the graphitic schist host deposit. |
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Rio signs farm-in option with Twenty Seven Co |
Twenty Seven Co has entered an agreement with mega-miner Rio Tinto’s exploration arm covering a six month exclusive option period to explore for non-gold minerals at its North Rover project near Sandstone in WA. Rio can earn an 80 per cent interest in non-gold minerals at the tenement by spending $5 million on it. |
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Frontier sends drill rig on Gascoyne rare earths hunt |
ASX-listed mineral explorer Frontier Resources has locked in a rig to spin the bit in late April or May on more than 30 ironstone targets across a four-kilometre spread in its Gascoyne rare earths project in WA. The company is also planning further ground sampling programs aiming to repeat previous high grade rock chip samples of total rare earths oxides. |
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Maximus moves on WA lithium potential
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Maximus Resources believes it is onto lithium at its Spargoville tenements located within the highly prospective Southern Yilgarn province. Signs of the battery metal have been popping up all over, including in its core, rock chips and reviews of dusty exploration data. It has intersected up to 14m widths of pegmatites in recent drilling and has dispatched the samples for assay. |
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Galan set to deliver lithium brine DFS by end of year
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Galan Lithium is pulling out all stops to get a DFS tabled for its massive lithium brine play in Argentina by the end of the year and the company expects to update its resource by quarter three this year after discovering potentially new mineral resource zones courtesy of a Transient Electromagnetic geophysical survey. The project already boasts a US$2.2 billion net present value and a seriously impressive set of pre-DFS numbers. |
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Hot Chili supercharges Chilean copper resource
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Copper explorer Hot Chili has upgraded its mineral resource estimate at the company’s Costa Fuego copper-gold hub in Chile, boosting the previous total indicated resource estimate by an impressive 67 per cent to 725 million tonnes grading at 0.47 per cent copper equivalent for 2.8 million tonnes of contained copper and 2.6 million ounces of gold. |
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Great Southern doubles down on Duketon gold chase
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Gold and nickel explorer Great Southern Mining is bringing the drill back to its 100 per cent owned Duketon gold project, to commence a 5000 metre RC program on the Southern Star orebody, where previous exploration yielded stunning results up to 56 g/t gold. The company is looking to focus on a southern extension of a lookalike magnetic high feature similar to the existing orebody. |
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Punters scaled back after oversubscribed Macarthur raise
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Macarthur Minerals’ Lake Giles iron ore project received a shot in the arm this week after punters scrambled to get a piece of its over-subscribed A$7.5 million capital raise. In a sign that the project is starting to muscle its way onto a few radars, Macarthur’s stock was trading as low as $0.31 just a month or so ago and the latest raise got away at $0.50 – and was oversubscribed. |
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Valor maps out Peruvian porphyry copper targets
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Valor Resources’ Peruvian precious metal hunt has mapped out five promising spectral anomalies at its Picha project, with trademark porphyry signatures indicating the company may be tantalisingly close to unearthing a porphyry-style deposit. The company’s project lies only 17km from Chucapaca, Peru's largest goldmine, where close to eight million ounces of gold equivalent has been defined. |
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