EDITION #166
Perth, Western Australia - Thursday June 02, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
ABx confidence soars after Tasmanian rare earths test |
Test work on rare earths from ABx Group’s Deep Leads project in northern Tasmania has strengthened the company’s belief that it hosts ionic adsorption clay-style mineralisation. The deposits are known to be a major source of permanent magnet minerals and are used to develop super magnets for electric vehicles, wind turbines, mobile phones and computers. |
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Vanadium hit adds weight to uranium play for Okapi |
Okapi Resources is targeting a two-commodity play at its Rattler uranium project in Utah, USA, after a rock chip sampling program confirmed the samples also contained high-grade vanadium. The results ran up to 12.5 per cent vanadium pentoxide, some way above the general concentrations of up to 2.5 per cent found in some deposits. |
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Asra stacks more gold hits into resource upgrade
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As it hurtles towards an expected resource upgrade, Asra Minerals has returned more significant high-grade gold intercepts from RC drilling at its flagship 118,400-ounce Mt Stirling project in WA’s Eastern Goldfields. The program continues to extend mineralisation beyond previous resource boundaries, with the company reporting results grading up to 1m at 11.86 g/t from two more holes. |
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ADX locks in Euro cash flow with oil hedging deal |
ADX has taken advantage of the high oil price by locking in a hedging contract with global trader BP, guaranteeing a minimum US$80 per barrel for oil produced from its Gaiselberg and Zistersdorf fields in the Vienna basin, Austria. The hedge is capped at US$130.25 per barrel and covers 50 per cent of ADX’s forecast production output until the end of the year. |
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Askari wheels rig in for third pass at WA gold project |
Buoyed by positive gold assays, ASX-listed Askari Metals has started a third round of RC drilling at its Burracoppin gold project in Western Australia’s eastern Wheatbelt. The program will probe up to 3500m, with the explorer launching a volley of 13 holes before adjusting its aim and firing another volley of up to 40 holes. |
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Venus identifies targets near Penny gold mine in WA |
Venus Metals believes the presence of mafic-ultramafic rocks discovered during recent exploration at its Youanmi base metals and lithium projects make the area prospective for gold and base metals mineralisation. The rocks were found along an east-south-east trending structure that comes off the Youanmi shear zone close to Ramelius Resources’ Penny gold mine, about 550km north-east of Perth. |
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Triangle steps onshore in Perth Basin gas chase |
Triangle Energy has completed the first stages of pivoting away from its ageing, offshore foundation asset of Cliff Head by completing a 3D seismic survey over its onshore permits as it seeks to replicate the success of fellow explorers in the Perth Basin in discovering elephant-size gas fields along the route of the Dampier-to-Bunbury natural gas pipeline. |
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Second pass at Laverton delivers wide variety for Si6 |
Mineral explorer Si6 Metals has completed its second phase of air core drilling at its wholly-owned Monument gold project in WA’s Laverton gold district. The 6000m program tested five prospect areas and was designed to follow up on successful drilling from a first phase completed late last year. The campaign encountered a wide range of prospective rocks with assays now pending. |
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NSW results look promising for Lode Resources |
Lode Resources has reported significant early results from its Mt Galena prospect after resuming phase 1 drilling at its Webbs Consol silver-base metals project in north-east NSW. Results show one hole going 12.1m at 312 grams per tonne silver equivalent from 48m including 9.4m at 394 g/t from 49.6m. |
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Toro lands more massive nickel sulphides from WA hunt |
Toro Energy has tabled more massive nickel sulphide discoveries at its Dusty project in Western Australia. The results from Toro’s latest campaign saw a drill hole intersecting 7.2 metres of visible nickel sulphides, grading 1.05 per cent nickel and 0.26 per cent copper from 252m downhole. The Dusty nickel project falls within Toro’s 100 per cent owned Yandal Gold Project in the State’s Mid West. |
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Galan onto pumping tests at Argentinean lithium project |
Galan Lithium will soon hit the go button on a long-term pumping test program at its wholly-owned Hombre Muerto West lithium brine project in the Catamarca Province of Argentina. The company says the results of the analyses will flow into a definitive feasibility study for the operation and is expected to be wrapped up by September this year. |
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Coda extends SA mineralisation at Elizabeth Creek |
Coda Minerals has extended its Emmie iron oxide-copper-gold deposit within its Elizabeth Creek copper project in South Australia by more than 900m — increasing its mineralised target zone. A recent surface step-out drill hole encountered multiple zones of visible copper sulphide mineralisation to the north of the Emmie IOCG geophysical anomaly, providing evidence the deposit contains multiple conduit zones. |
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Metal Hawk step-outs expand Berehaven nickel footprint |
Metal Hawk’s Berehaven nickel project on the outskirts of Kalgoorlie, WA, is growing in size with strong geochemical platinum group elements results from the Torana prospect. The new data came just to the north of the Commodore nickel sulphide discovery that the company made in the project area last September, 20km south-east of the historic goldfields town. |
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Horizon nails nickel sulphides in first hole
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Multi-element explorer Horizon Minerals has hit nickel sulphides in its first hole at its Euston prospect within the company’s wholly-owned Cannon project in WA. Preliminary assays of the 4m nickel intercept revealed encouraging grades of over 1 per cent nickel, 607 parts per million copper and 250ppm cobalt from 160m. Further assays from the five-hole program are pending. |
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Cyclone Metals wraps up maiden NZ gold hunt
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Cyclone Metals has wrapped up a maiden gold exploration program at its Mareburn and Macraes South projects, about 40km north of Dunedin in the Otago Province of New Zealand. According to the company, the region has churned out over 10 million ounces of the precious metal and all eyes will now be on the results from the campaign, which are anticipated for around a month. |
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Strickland turns to the rigs to expand WA gold system |
As it looks to stack more gold on its 603,000-ounce Yandal project, 70km east of Wiluna, junior explorer Strickland Metals is gearing up to pass its fleet of drill rigs over its cornerstone Millrose gold system. In preparation for its drill out, the company has completed a heritage assessment and will start a magnetic survey as early as next week |
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