Perth, Western Australia - Tuesday April 12, 2022 |
Noronex muscles into elephant country as copper hits flow |
ASX-listed Noronex has rung the till in its first pass drill campaign within the highly prospective Kalahari copper belt in Namibia. Significant recent hits include 27 metres grading a respectable 1.6 per cent copper and another 4m hit going 3.3 per cent copper. The explorer has an “all-in” strategy on copper that it says is part of the new wave of industrialisation arising from the burgeoning electric vehicle and renewable energy sectors. |
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Big boost to gold production, profit as Kaiser mine hits its straps |
Kaiser Reef has executed a remarkably profitable turnaround strategy at its Victorian A1 gold mine with a 45 per cent March quarter hike crowning three quarters of increasing gold production. In its best ever quarterly result, Kaiser delivered a net cashflow result from the mine of $3,443,000 for the March quarter – a significant hike on the December quarter that showed $615,000. Kaiser finished the quarter with $6.9 million in the bank. |
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International Graphite chalks up impressive ASX debut |
International Graphite made a remarkable entrance to the ASX Thursday following the completion of a $10 million IPO and the acquisition of the Springdale graphite project in WA from Comet Resources. The company opened at 40c per share, double the IPO price as followers clamoured for a seat at the table with over 13 million shares changing hands across a 36.5c to 42c spread. |
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Fresh eyes on old samples yield lithium hits for Auroch |
Auroch Minerals’ Nepean nickel project continues to generate positive results, with lithium mineralisation found in recent RC drill hole samples that were re-assayed. The company said the samples demonstrate the potential for significant lithium, caesium and tantalum mineralisation at Nepean and it is now planning follow-up exploration programs over the historic nickel-producing province. |
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Galan extends Argentinean lithium resource |
Galan Lithium says extensional drilling at its wholly-owned Hombre Muerto West lithium project in Catamarca Province, Argentina, has further underlined its status as a major lithium brine resource. The company said the probe has extended the project’s resource to the east and enriched its hydrogeological model which could lead to production upside. |
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Horizon builds WA multi-commodity potential |
Horizon Minerals has returned from the field with a bag of encouraging multi-element assays after first pass drilling at the company’s Lakewood project, 20km southeast of Kalgoorlie in WA. The anomalous platinum-palladium-nickel-cobalt results come from an initial 59-hole air-core program totalling 3002m over four priority targets within the 90 square kilometre project area. |
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Historic data hints at uranium for Kopore in Africa
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Kopore Metals says a review of historical mining data has confirmed the uranium prospectivity of its soon-to-be acquired Agadez project in Niger, West Africa. The company purchased a data pack, which includes geological and geophysical information, surveys, drill logs and assay results, from Paladin Energy about a month ago and has been running the ruler over its contents in recent weeks. |
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Mineral Commodities eyes WA graphite targets |
After embarking on a heliborne geophysical campaign, Mineral Commodities is eyeing a fresh set of graphite targets at its Munglinup project in the Great Southern Region 100km west of Esperance in WA. The explorer flew 206-line kilometres of electromagnetic and magnetic surveys across its project’s two tenements and generated 12 new priority targets associated with previously-recognised graphite bearing structures. |
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Deep Yellow completes second Namibian uranium campaign |
Uranium-focused Deep Yellow has completed its second phase of reverse circulation drilling at its Nova joint venture project with its partner Japan Oil, Gas and Metals National Corporation in Namibia. Ten holes for 2272m were drilled at the project’s Barking Gecko North prospect and notably, all were mineralised and yielded more than 100 parts per million equivalent uranium oxide. |
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Kula surveys Julimar nickel-copper-PGE lookalikes
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Multi-mineral explorer Kula Gold has flicked the switch on an electromagnetic survey across a number of key targets at its Brunswick nickel-platinum group elements project in the well-addressed West Yilgarn province in WA. The West Yilgarn is host to the world-class Boddington gold mine and Julimar Gonneville copper-nickel-platinum group elements discovery. |
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Metal Hawk set to follow up high grade gold/nickel hits |
Metal Hawk is launching a 3000-metre diamond and RC drilling campaign at its Commodore nickel-gold discovery in WA’s Goldfields that saw the company’s share price run from 18.5c to 96.5c last year. The discovery is part of the Berehaven project, 20km south-east of Kalgoorlie where the company is chasing further mineralisation after massive nickel sulphide hits as high as 5.9 per cent nickel were recorded last year. |
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Pantheon well tests auger well for 88 Energy
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88 Energy says third party mapping of the area around AIM listed Pantheon Resources discovery of light sweet crude oil in Alaska shows the geological fairways likely extend to its Project Icewine ground on Alaska’s famed North Slope. The company says it is planning for a resource upgrade at Icewine within months and that talks with potential farm-in partners are in play. |
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Tietto pushes go button on African gold mine |
Tietto Minerals has pushed the go button on its three-million-ounce Abujar gold project in Côte d’Ivoire West Africa after appointing EPSA Internacional SA as its open-pit mining contractor. The Perth-based company said it expects to have its gear on site in July ahead of mining commencement in August. Tietto has used its own fleet of company drill rigs to prove up its African resource at breakneck speed. |
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Coda to absorb Torrens in SA copper play
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Coda Minerals’ off-market takeover of its joint venture partner Torrens Mining has been declared “unconditional”, with Torrens shareholders to pocket 0.23 Coda shares for each Torrens unit held. Coda currently controls just over 80 per cent in the $15m market-capped Torrens and the company says the combination will create a leading Australian base and precious minerals exploration company. |
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ADX dispatches rig Anshof well flow test |
ADX followers will know the extent of the company’s Anshof-3 discovery in energy-hungry Austria in a fortnight now the RED Drilling W-101 workover rig has been mobilised to test the six metre section of oily Eocene formation discovered in January this year. The company said it expects first oil within a week or two. |
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Valor sees radioactivity after first run at Hook Lake |
Results from Valor Resources’ maiden drilling program at its Hook Lake uranium project have yielded encouraging results with elevated radioactivity in several holes at the S-Zone target. Valor is also planning an airborne gravity survey next month at its Hook Lake and the Cluff Lake projects and further drilling to chase up earlier rare earths results. |
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