EDITION #174
Perth, Western Australia - Tuesday July 05, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
New CEO appointed to steer gold miner Ora Banda |
West Australian gold miner Ora Banda Mining has pulled off a recruitment coup by appointing Northern Star Resources’ highly regarded former Chief Operating Officer, Luke Creagh as its Chief Executive Officer. Ora Banda Chairman, Peter Mansell said Creagh’s appointment was a major fillip for the company, adding: “We couldn’t be happier that Luke is joining us.” |
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Adriatic stretches Bosnian deposit with silver strikes |
Adriatic Metals has unveiled more high-grade silver and zinc intercepts at its Rupice Northwest extension in Bosnia and Herzegovina that continues to expand the larger multi-commodity deposit’s mineralisation. One of the diamond holes returned a broad 30.9m section going 851 grams per tonne silver equivalent about 90 metres northwest of the company’s existing 12 million tonne resource going 149 g/t silver and 1.4 g/t gold. |
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ABx uncovers more high-value Tasmania rare earth elements |
ABx Group has unveiled a 10-metre-thick channel of high-grade rare earth elements in northern Tasmania with the first batch of assays confirming an abundance of the most valuable minerals and a tripling of the prospective area’s size. One drill hole returned 10m of rare earths mineralisation, averaging 863 parts per million total rare earth oxides. |
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BMG onto next phase of diamond drilling at WA gold play |
BMG Resources is running through the gears at its Abercromby gold project in the Wiluna region of WA with the explorer onto its next phase of diamond drilling at the operation. The 8-hole diamond probe will take in around 3,700m and is aimed at defining new resources and extending the footprint of previously discovered lodes. |
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Exploration delivers three WA gold targets for Infinity |
Infinity Mining has its foot on three compelling gold targets at its Barlow’s Gully project in the Central Goldfields of WA after rock chip sampling, aircore drilling and a soil analysis program confirmed the ground’s prospectivity. The company says the rock chips delivered grades as high as 15.5 parts per million gold and the explorer is now working towards an RC campaign to test the trio. |
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Nickel results back Estrella bid to fast-track mining |
Estrella Resources says high-grade results from resource confirmation drilling at its Spargoville nickel project near Kambalda in WA highlight its best hope of transitioning to a producer in the near term. First assays from a hole drilled at the company’s 5A resource returned a 3.4m intersection recording 8.2 per cent nickel, 0.6 per cent copper, 0.2 per cent cobalt and 21.5 per cent sulphur from 65.16m. |
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Resource update delivers better product for Allup Silica |
Allup Silica has revealed an updated inferred mineral resource estimate at its Sparkler silica sand project in WA’s Great Southern region the company says will help increase the purity of the final product. The updated in-situ resource now sits at 70 million inferred tonnes at an increased grade of 96.84 per cent silicon dioxide and a reduced iron oxide percentage of 0.34. |
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Water strike boosts gold production play for Classic |
Classic Minerals has moved closer to full-scale production at its flagship Kat Gap project near Southern Cross in Western Australia after hitting a substantial body of water in its first exploratory hole. The company considers the discovery an important milestone given that water is an essential ingredient in treating the precious metal at the operation’s gold processing facility. |
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Lithium Australia hits milestone in battery recycling |
Lithium Australia is celebrating a major milestone after its recently acquired battery recycling company Envirostream received its first rebate from the Commonwealth Government-backed B-cycle scheme. B-cycle is a national battery recycling plan that provides rebates across collection, sorting and processing points to create a responsible battery lifecycle by keeping batteries out of landfill. |
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Historic WA gold play produces copper-gold shows for Kula |
Rock and soil samples surrounding the historical Donnybrook gold mine have yielded encouraging results for Kula Gold, returning up to 7.95 grams per tonne gold from early-stage exploration at its wholly owned Brunswick project in WA’s South-West region. Kula has identified additional copper grades, breathing new life into an area that still sports the historic Hunters Venture headframe in and around orchards and agricultural land. |
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Tietto delivers more high-grade West African gold |
African gold developer Tietto Minerals has tabled another set of shallow, high-grade gold intercepts from infill drilling at its core AG deposit in Côte d’Ivoire, West Africa. The headline act was a 1.32 metre strike at 131.29 grams per tonne gold from 97m, inside a 5m section running 40.14 grams per tonne from 35m. |
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Kalamazoo bolsters Victorian gold ground with new deal |
Gold explorer Kalamazoo Resources believes it now has the largest exploration holding in the southern region of the central Victorian Goldfields after picking up the Mt Piper gold project from ASX-listed Coda Minerals. The company says the ground is highly underexplored, requires limited deep drilling and is in earshot of two promising precious metal operations — Mandalay Resources’ high-grade Costerfield gold mine and Southern Cross Gold’s Sunday Creek project. |
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Review shifts Kairos into higher gear at Pilbara gold project |
Kairos Minerals has backed up recent sterling assay results from its Mt York gold project in the Pilbara with a technical review, emboldening the West Australian explorer to chase a major upgrade in resource with an upcoming 15,000-20,000m drilling program. The review found mineralisation is continuous along a 3.4km trend, with substantial scope to grow the project’s 873,500 ounce resource at depth. |
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Calima keeps drill bit turning, Alberta oil flowing |
Canadian oil producer Calima Energy has kept the momentum going at its Alberta operations with three new wells drilled and another two frac-ready as it aims to keep its production levels pumping above 4100 barrels of oil per day whilst the West Texas Intermediate price hovers at a profitable US$108 per barrel. The company is planning to issue its maiden dividend later this year. |
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Calidus nears steady-state production at WA gold play |
Calidus Resources is moving fast towards steady-state production at its Warrawoona gold project in WA’s Pilbara region after pouring 8916 ounces of gold in the June quarter. The company tabled its impressive results just six weeks after pouring the first batch of gold from its carbon-in-leach circuit at its newly commissioned processing plant. |
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