EDITION #168
Perth, Western Australia - Thursday June 09, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
US battery metals assay results spark rush on American West shares |
ASX-listed American West Metals shares surged more than 70 per cent in intraday trading at the highest volume this year on the back of the company’s best assay results at its West Desert project in Utah, USA. Assay analysis of the 549.83m hole showed more than 105m of high-grade zinc and copper intersected within four major intervals, in addition to high grades of indium and silver. |
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Caeneus targets new Pilbara battery metals orebody |
With fewer than half of assays back from Caeneus Minerals’ latest RC drilling program on its Pardoo nickel-copper-cobalt project, it appears to have a firm grasp of the extensive mineralisation of the historical Highway orebody. The company has mapped 900m of nickel strike and 1.25km of cobalt mineralisation and identified two new, high-priority drilling targets. |
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Triangle to bank $17m from Cliff Head oil sales |
Triangle Energy will bank almost $17 million from the latest oil sales from its share in the Cliff Head oilfield, offshore Dongara in Western Australia, after lifting more than 140,000 barrels of oil in the last output to be sold through BP’s Kwinana oil terminal before it is converted into a clean energy hub. Triangle shares the Cliff Head venture with Pilot Energy. |
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Strong lithium hits see Calidus target Pirra IPO spin out |
Strong lithium grades up to 2.35 per cent and an extension of the Spear Hill lithium pegmatites to over 4.3km strike length have convinced the owners of Pirra Lithium to spin the company out into an IPO by the end of this year. Calidus owns 50 per cent of Pirra Lithium, the joint venture controls tenements and lithium rights covering over 1000 square kms where recent assaying has doubled the known size of lithium mineralised zones. |
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Kalamazoo expands lithium holding in NSW |
Gold and lithium junior explorer, Kalamazoo Resources has been granted a new 990 square kilometre NSW Exploration Licence that has been dubbed the Jingellic lithium project. The new project area covers “S-type” granites that are associated with numerous alluvial and hard rock tin-tungsten occurrences, including outcropping tin-tungsten bearing pegmatite dykes and historical mine workings. |
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Riedel lands more US high-grade gold-silver |
Riedel Resources has tabled more high-grade gold and silver drill assays from its Tintic prospect in north-west Arizona, USA, including 10.7m at 2.98 grams per tonne gold and 50 grams per tonne silver and 8.4m grading 2.58 grams per tonne gold and 29 grams per tonne silver. The company has now delineated a mineralised zone at Tintic over 600m long and up to 250m wide. |
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Okapi reaches for diamond drill in NSW gold search |
ASX-listed Okapi Resources is all set to launch an 11-hole diamond drilling program at its wholly-owned Enmore gold project in NSW within the next three weeks. Okapi plans to follow up last year’s RC drilling campaign at the Sunnyside gold prospect that returned exceptional gold assay results. The company says mineralisation at the prospect remains open at depth and along strike. |
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Altech bolsters battery IP with fresh patent bids |
Altech Chemicals has set out to bolster the intellectual property of its silumina anodes battery materials technology and alumina coating process by filing an international application that allows it to file national submissions in up to 156 countries. The company has lodged patent tenders in the United States, Europe, China, Japan and Korea as it looks to protect its lucrative technology. |
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Valor identifies seven Canadian uranium targets |
Perth-based Valor Resources has identified seven high-priority uranium targets at its Cluff Lake project in the western Athabasca Basin in Canada after an extensive data review. The company says it is well advanced and can start a ground exploration program this month, including mapping and sampling, in addition to planning a drilling campaign. |
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External review confirms lithium potential for Maximus |
Maximus Resources has tabled a solid set of lithium results from exploration across its Spargoville tenements about 25km from Kambalda in WA after an external review and additional sampling at its Lefroy and Larkinville prospects. According to the company, the review confirmed the presence of rare-element lithium-caesium-tantalum pegmatites across the two tenements, that highlighted the assets’ economic potential. |
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Estrella hits nickel at Kalgoorlie step-out campaign |
Perth-based nickel explorer Estrella Resources has struck nickel-copper sulphides in the first three step-out holes drilled at its T5 prospect 80km north-east of Kalgoorlie in WA’s Goldfields region. The company says the intercepts show mineralisation continues to the south beyond downhole electromagnetic plates from previous drilling of the prospect at its wholly owned Carr Boyd nickel project. |
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Antilles eyes expansion of operations in Cuba |
Emerging developer Antilles Gold has broadened its ambitions in the Caribbean with a strategy to establish at least three medium-sized mines in Cuba by the end of 2026. The company’s new plans include a detailed timetable for programmed targets, involves not only mining gold but also copper and zinc concentrates – metals that are vital for batteries for the burgeoning “green” energy sector. |
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Tietto sweeps up more high-grade gold in West Africa |
Tietto Minerals has mopped up another patch of shallow, high-grade gold at its AG Core and AG South deposits, part of its larger 3.45-million-ounce Abujar project in Cote d'Ivore, West Africa. The company’s latest play saw it register a suite of stellar hits from infill drilling including a 1m section at 119.87 grams per tonne gold from 42m within a 10m interval running 16.6 g/t gold from the same depth. |
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Auroch seals Nevada lithium buyout deal |
Auroch Minerals has completed the majority acquisition of a Nevada lithium project, that is in the same region hosting very large lithium deposits including global leader Albemarle’s trailblazing Silver Peak mine. The deal involves taking an 80 per cent stake in project owner, Nevada Australia, which is retaining the final 20 per cent. |
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Technology Metals locks in gas supply for WA project |
ASX-listed Technology Metals has signed an agreement with energy infrastructure company, APA Operations, to start work on the Gabanintha gas pipeline. The proposed pipeline is less than half the length originally proposed, which should result in lower gas transportation charges. The pipeline will allow an option to source gas from the emerging Perth Basin, further reducing costs for the project’s gas. |
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