Perth, Western Australia -  Monday May 23, 2022
Image tables monster mineral sands resource
Image Resources has revealed a more than ten-fold increase in its total mineral sand stocks in an updated mineral resource estimate following its acquisition of the McCalls project near Gingin in WA. The company’s holding now stands at 6.4 billion tonnes after securing the asset in March in a deal worth $12 million.
Mitsubishi anode deal paves way for Mineral Commodities
Global mining and development company Mineral Commodities has signed a Memorandum of Understanding with Mitsubishi Chemical Corporation that is expected to result in the early introduction to the European anode-materials supply chain. The deal will include the construction and operation of an anode plant in Norway to toll treat graphite material.
Hyundai MoU puts Arafura on the road to offtake deal
Arafura Resources is one step closer to securing an international binding offtake agreement for its Nolans rare earth project in the Northern Territory. The company has signed a non-binding Memorandum of Understanding with South Korean automotive giant Hyundai Motor Company to collaborate towards Arafura supplying neodymium-praseodymium oxide across a potential seven-year term starting in 2025.
Empire flags June date for Beetaloo frack test
Beetaloo Basin hopeful Empire Energy has outlined the 1250-metre-long hydraulic stimulation program it is planning for its Carpentaria-2H gas discovery in June. The company is trialling several fluid mixes used in the fracking process to obtain the best production rates from the Velkerri Formation B Shale in its massive but remote gas resource.
Askari uncovers further high-grade WA gold
Junior explorer Askari Metals has bagged further high-grade assay results from a second phase of RC drilling at its Burracoppin gold project in WA’s eastern Wheatbelt region. Significant results include a high-grade hit of 2.5m going 11.24 grams per tonne gold contained within an 8.5m strike running 4.88 g/t gold from 19.5m. Another 1m intersection grading 13.2 g/t gold from 34m was also recorded.
Hot Chili buoyed after nationalisation push rejected
Rumours the Chilean Government is abandoning its support for local mining, including Hot Chili’s world class Costa Fuego project appears to be greatly exaggerated. Whilst chatter of a nationalisation of the resources industry had market watchers on edge, the official vote appears to have calmed the waters with virtually all proposed changes to the mining sector in Chile rejected. 
Copper probe drives open pit play for American West
Multi-metal explorer American West Metals says the latest assays from a diamond probe of its West Desert project in Utah have confirmed the presence of near-surface extensions of zinc, copper, gold and indium mineralisation that has emphasised the operation’s open-pit mining potential. According to the company, the results add another win to a remarkable campaign that continues to highlight the venture’s quality and scale.
Hot gold run at historic Badja continues for Emu
Emu NL’s Badja gold project has continued to produce quality hits in the shadow of the historic Gnows Nest mine. The junior explorer’s assays from its stage three drilling program have outlined more high-grade gold from the north plunging ore shoot at the Gnows Nest ore body in addition to discovering a new, shallow broad gold zone at the Flying Emu prospect. 
Cyclone granted prospective NZ gold territory
Mineral explorer Cyclone Metals has been granted two exploration permits covering about 198 square kilometres in the Otago region of New Zealand’s South Island. The newly acquired Drybread and Waikerikeri projects form part of the company’s broader six-project acquisition completed in March. At the time the two projects were under application, however approvals have been given for a period of five years and can be renewed.
Alto enhances WA gold play with Sandstone probe
Alto Metals has upped the ante at its flagship Sandstone gold project in the East Murchison Goldfields of WA, after ongoing extensional RC drilling at the Juno lode stretched the venture’s high-grade mineralisation to over one kilometre in length. The company says Juno remains open, leaving the potential of a larger, precious metal honeypot a real possibility.
Latin kicks off resource definition at Brazilian lithium play
Latin Resources has dived headfirst into a resource definition program at its newly defined ‘Colina’ prospect, part of its Bananal lithium project in Brazil, with the first hole intersecting an over 27m spodumene-rich pegmatite. The company believes the area could host a significant new discovery, with recent work producing some exceptional numbers including a sample at 3.22 per cent lithium oxide.
Tambourah spies WA nickel zinc gold targets
After poring over its geological data, Tambourah Metals has lit up a handful of nickel, zinc and gold targets at its Achilles project, 200km north of Laverton in WA. The explorer plans to start drilling during the second or third quarter of 2022. Reprocessing of geophysical figures has identified a deep-seated structure whilst a data review has revealed historical gold and zinc hits.
Taruga, Peak home in on nickel target
After success in a second phase of air core drilling, junior explorers Taruga Minerals and Peak Minerals are fast-tracking exploration at the pair’s Meekatharra nickel-copper joint venture in WA’s Murchison region. Broad nickel anomalism was intersected at the duo’s jointly held prospect, with significant intercepts including a 17m hit at 0.29 per cent nickel from 56m and another 10m strike running 0.32 per cent nickel from 50m.
Estrella to drive nickel production at WA play
Estrella Resources says an appreciation in nickel prices will see it accelerate development plans for its Spargoville project located about 20km southwest of Kambalda, WA. The company picked up the rights to the operation during a lull in the nickel price and believes under current conditions it could be scrubbed up to be a lucrative play that warrants the mines development.
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