Perth, Western Australia - Thursday April 28, 2022 |
NSW explorers conference set to be “biggest yet” |
The Resources Round-up conference for ASX-listed explorers is rolling into the streets of Sydney and shaping as the largest conference on the east coast in the event’s 18-year history. Ticket sales for the three-day extravaganza that kicks off on May 3rd have been reported as ‘huge’ with 1500 registered delegates and more than 100 exhibition stands set to showcase the latest from the resources industry. |
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BMG shares up 50 per cent after doubling WA gold deposit |
Shares in BMG Resources surged more than 50 per cent on intraday trading following confirmation that diamond drilling at the Capital prospect, part of the larger Abercromby project in WA has delivered another serious batch of gold results that have more than doubled the size of the deposit and significantly boosted the operation’s resource potential. |
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Calidus sets mill in motion at Warrawoona |
Calidus Resources has ticked off a major milestone in its quest to becoming Australia’s next gold producer with the commencement of continuous ore processing at its Warrawoona gold project in WA’s emerging Pilbara goldfields ahead of the first gold pour expected in the coming weeks. Under the multi-stage development plan, production is scheduled to ramp up initially to about 90,000 ounces a year. |
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Latin lands thickest lithium section yet in Brazil |
Latin Resources says assay results from diamond drilling at its Bananal Valley prospect area in Brazil have delivered its thickest intersections yet, with recent work notching up a 21.1 metre hit going 1.20 per cent lithium oxide from 208.8m. Meanwhile, the company has also launched a maiden probe at its nearby Monte Alto prospect chasing up a series of compelling pegmatite targets. |
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Austrian oil flows in well test for ADX |
ADX Energy’s oil discovery in Austria has been successfully tested with a flow rate of around 75 barrels of oil per day, no reported water inflow and without the usual drilling optimisation to the reservoir. The company said flow rates were at the upper end of expectation for the relatively thin net pay reservoir thickness at the discovery’s location. |
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First diamond hole hits paydirt for American West in USA |
American West Metals has hit a cocktail of mixed metals in the USA with its very first diamond hole at the company’s West Desert project in Utah. Notably, new copper and molybdenum results have occurred outside the existing resource and the company says the drill program has confirmed the “exceptional quality” and “significant volume” of the mineralisation. Wide intercepts of decent grade zinc were also encountered and indium was present too. |
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Castle poised to double WA graphite portfolio |
Battery metals explorer, Castle Minerals looks set to strengthen its graphite exploration footprint in WA’s Great Southern, applying for a further 133 square kilometres of prime tenure that encompasses the Mt Barrow graphite occurrence. Once approved, the new acquisition will nearly double the company’s exposure to some prospective geological terrain that remains vastly under-explored yet hosts known graphite mineralisation. |
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Coda beefs up copper mineralisation in SA |
Coda Minerals has extended the central bornite zone of the Emmie iron oxide-copper-gold deposit within its Elizabeth Creek copper project in South Australia’s Gawler Craton. The explorer says recent drilling has intersected significant widths of bornite and chalcopyrite mineralisation. Importantly, the results materially extend the bornite zone discovered 100m to the southeast and support the potential for further mineralisation to the south. |
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Conico drills high-grade gold in Greenland |
Conico has intersected high-grade gold in the third diamond drillhole at its Sortekap prospect in Greenland. Some of the best results include 1m at 42.81 g/t gold from only 41m downhole and 1m grading 2.58 g/t gold from 22m. Five more 1m intervals going at greater than 1 g/t were also discovered. Mineralisation is present as gold-bearing quartz veins in the Archean amphibolite that is interpreted as orogenic style. |
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Multiple Gascoyne rare earths targets for Frontier |
Frontier Resources has identified multiple high priority rare earth element targets at its Gascoyne project. Drilling will commence shortly targeting possible rare earths bearing carbonatites identified by recent magnetic surveys. Drilling will also follow-up rock chip results with over 8 per cent total rare earth oxides from adjacent ironstones. Metallurgical test work is in progress. |
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International Graphite inks deal to power WA facility |
Newly-listed battery metals player International Graphite has wasted little time familiarising itself with its new market surroundings inking a non-binding Memorandum of Understanding with power supplier ZEN Energy that it says could provide a renewable power source for its graphite technologies at its downstream processing facility in Collie, Western Australia. |
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Mineral Commodities uncovers more high-grade graphite |
ASX-listed Mineral Commodities has received encouraging exploration results from the Bukken, Hesten and Vardfjellet graphite prospects, located on the island of Senja, Norway. The company says surface mapping and sampling results combined with strong geophysical anomalies indicate high prospectivity. Seventy-seven rock chip samples were collected with assays yielding up to 26.6 per cent total graphitic carbon. |
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Strickland eyes a bigger gold system at Millrose |
Strickland Metals is confident that its Millrose gold deposit in the Yandal Belt of WA is a “very substantial” gold system. Strickland has revealed a new drill intersection of 25m at 5.1 g/t gold from 82m that it says demonstrates continuity across a 200m strike with a previous result of 55m at 2.4 g/t gold from 86m. Millrose has a current resource of 346,000 ounces of gold. |
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Triangle to slash liabilities and flags new seismic survey |
Triangle Energy has outlined a series of new initiatives including the commencement of a seismic program over some significant onshore Perth Basin targets. Alongside Pilot Energy, the two companies have also outlined adjustments to a number of permits including for the Cliff Head joint venture that will result in a serious reduction in abandonment liabilities on completion. |
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Surefire to get rods turning at WA vanadium project |
Surefire Resources is set to launch a diamond drilling campaign at its Victory Bore vanadium deposit, about 530km north-east from Perth in WA after tying down a drilling contractor to complete the probe. The company already has its footprint all over a 151 million tonne resource at 0.44 per cent vanadium pentoxide, 25 per cent iron and 6.73 per cent titanium dioxide at the operation. |
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Valor moves to expand Peruvian gold, silver footprint |
Multi-commodity explorer Valor Resources is moving to expand its footprint in Peru by around 30 per cent after applying for a 60 square kilometre patch containing historic gold and silver mine workings. The new area is only 30km from its exciting Picha copper and silver project in the Moquegua area of southern Peru, a region seeing renewed interest from major mining houses. |
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