EDITION #171
Perth, Western Australia - Thursday June 23, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
OD6 to hit ASX boards with Esperance rare earths targets |
A dogged commitment to rare earths research, combined with some left-field data analysis, could prove a potential $20m masterstroke for junior explorer OD6 Metals as the company makes its debut on the ASX. OD6 has locked in two significant tenement packages in the highly prospective rare earths region near Esperance, in WA’s south, with its Splinter Rocks and Grass Patch projects. |
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Lode shares double after NSW silver prospect results |
ASX-listed Lode Resources’ shares more than doubled overnight on the back of high-grade silver-lead-zinc-copper hits at its previously undrilled Tangoa West prospect in north-east NSW. The latest drill results are from a broad intercept going 26.7m at 399 grams per tonne silver equivalent from 30.1m including 9.4m at 633 g/t from 31.6m at its Webbs Consol silver base metals project. |
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Conico chases Galileo discovery into Mt Thirsty ground |
After a recent high-profile multi-metal discovery only 200m from its boundary, Conico Limited has quickly seized the bit by booking a multi-purpose diamond and reverse circulation drill rig for a maiden, 5000m program on its Mt Thirsty project in search of platinum group metals 16km north-northwest of Norseman in WA. The company will also kick off a geological review in the wake of its neighbour’s find. |
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Triangle pores over seismic data amid onshore deal delay |
Triangle Energy Global and Key Petroleum have extended the completion of their onshore Perth Basin acreage sale until the end of September due to unforeseen delays, however the pair are confident the deal will be cemented before then. Triangle is soaking up Key’s interests in its L7 and EP 437 permits as the company refocuses its growth strategy from offshore Perth Basin oil towards big inland gas targets. |
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Reedy shares fly on US lithium ground acquisition |
Shares in Reedy Lagoon leapt more than 28 per cent on intraday trading after news it had expanded its North American lithium ground after cutting the ribbon on an additional 192 placer claims over an area of 1557 hectares across its Alvord project, part of the Northern McDermitt Caldera in Oregon. The acquisition allows it to sniff out the battery metals across previously generated brine targets. |
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Taruga scores exploration funding for major SA project |
Taruga Minerals has received a significant funding boost to exploration plans at its Mt Craig project in South Australia with $650,000 from the state government’s Accelerated Discovery Initiative, that covers its entire 850 square kilometre operation. Taruga has secured two separate grants of $325,000 to explore for copper in addition to rare earth elements at the project. |
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Cazaly hunts big copper deposit in East Kimberley |
Cazaly Resources has launched an RC drilling program at its flagship Halls Creek copper-zinc-silver project in WA’s East Kimberley region. The campaign will kick off at Cazaly’s Moses Rock prospect where it will look to test a 300m-long electromagnetic conductor that could be a calling card of a lucrative and potentially massive sulphide deposit. |
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Boomerang prospect returns quality kaolin hits for Kula |
The latest round of drilling punched into Kula Gold’s Boomerang prospect has returned high-quality kaolin hits with low impurities open in all directions. The assays showed nearly half of the RC holes returning kaolin up to the 45 micron size at grades going 35 per cent aluminium oxide with low levels of iron and titanium oxides and arrived as it moves towards a JORC 2012 resource statement for the wider project in the Southern Cross region of WA. |
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Assays confirm new SA copper zone for Coda |
Coda Minerals has confirmed a new geologically distinct bornite zone in the southern part of its Emmie iron oxide-copper-gold prospect in South Australia. The company’s assay results include a best intercept of 16m at 2.66 per cent copper and 37.5 grams per tonne silver from 812m at the site that forms part of its Elizabeth Creek copper project. |
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Superior kicks off drilling campaign in Qld copper-gold hunt |
Superior Resources has pulled the trigger on a fresh eight-hole drilling program for a minimum of 3700m. The campaign is following up on the huge 632m copper sections the company reported earlier this month from a large interpreted copper-gold porphyry system at its Bottletree prospect, part of its larger, wholly owned Greenvale project near Townsville in Queensland. |
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Riedel follows fertile gold track in Arizona |
Assay results from Riedel Resources’ latest drilling campaign at its Kingman site maintain the company’s promising run of high-grade shallow deposits of gold and silver in Arizona, USA. Headline figures from Kingman’s Tintic zone include 3.8m at 18.1 grams per tonne gold and 201g/t silver from 85.3m downhole, including 1.5m at 38g/t gold and 482g/t silver from 85.3m. |
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Strike powers towards maiden WA iron ore shipment |
Strike Resources could ship its first batch of iron ore from the company’s Paulsens East mine near Tom Price in WA as early as next month after inking an access agreement with the Pilbara Ports Authority. The move could see it churn out about 200,000 tonnes of ore per year. |
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Aurumin adds more ground to historical WA gold project |
Buoyed by visible gold from its first diamond drill hole at the company’s Central Sandstone gold project, Aurumin Ltd has added another tenement to its land holding in WA’s East Murchison region. The move will lift the granted acreage at Aurumin’s wholly owned, historical Central Sandstone Gold Project to 126 square kilometres. |
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Godolphin gets green light for rare earths probe |
Junior explorer Godolphin Resources will soon test the limits of its newly acquired Narraburra rare earths project about 15km north of Temora in central west NSW after securing government approval to launch a four-hole diamond probe. According to the company, the looming campaign is intended to sniff out mineralisation across a suite of prospective zones. |
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Altech inks final construction deal for battery plant |
Altech Chemicals is tantalisingly close to propping up a high-purity alumina coating pilot plant in the German state of Saxony after signing a final construction contract with developer Kuttner GmbH. The company’s glazing process uses silicone particles and graphite to treat anode materials, boosting the endurance of lithium-ion batteries. |
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