EDITION #177
Perth, Western Australia - Thursday July 14, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Xanadu standing tall in copper fields of Mongolia |
They say if you want to go elephant hunting you must go to elephant country and when talking mineral endowment, Mongolia is clearly elephant country. The ridiculous scale of Rio Tinto’s part-owned Oyu Tolgoi mine is just one truly biblical example and Xanadu Mines is also turning heads in the country with its Kharmagtai project, now thought to be one of the largest undeveloped copper-gold resources controlled by a junior explorer. |
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OD6 set for maiden rare earths drill campaign at Esperance |
Junior explorer OD6 Metals has hit the ground running with preparations for its first drilling campaign at its Splinter Rock rare earths project near Esperance complete less than a month after hitting the ASX boards. The company has secured a drill contract at the site, with its maiden campaign scheduled to begin by the end of this month. The 192-hole air-core program will target the site’s basal saprolite zone where rare earth elements accumulate in clays. |
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Pilbara pegmatites yield lithium results for Tambourah |
Rock chip samples from three recently discovered pegmatite sites at Tambourah Metals’ namesake gold and lithium project in WA’s Pilbara region have returned elevated rubidium and lithium results. The 17 samples were assayed at Labwest for a full suite of pegmatite elements, with 12 recording between 151 and 842 parts per million rubidium and another four samples returning lithium grades between 96 and 226 ppm. |
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Accelerate spins bit in Pilbara manganese hunt |
Accelerate Resources has marked off a milestone in its search for Pilbara manganese by breaking dirt at its Woodie Woodie North project with a phase 1 drilling program of between 3000m and 4000m into four identified targets. The company has selected three more priority targets that it will keep up its sleeve for a follow-up drilling program. |
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Solid strikes boost American West copper play
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ASX-listed American West Metals could be riding a winner after drilling at its West Desert project in Utah, USA, delivered a solid set of copper, gold, zinc and silver-laced assays that continue to illustrate the project’s potential scale. The company is in the midst of a resource upgrade and says the significant mineralisation intersected in its latest play bodes well for its campaign. |
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Conico puts boots on Greenland exploration ground |
Conico is ready to kick off drilling at its Ryberg copper-nickel and platinum group project in east Greenland as it follows up high-grade gold hits it reported in April. It expects a second crew to spin the bit at its Mestersvig zinc-lead-copper-silver project this month. |
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Great Southern offloads Queensland copper project
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Great Southern Mining says it will focus its Queensland exploration efforts on its Edinburgh Park gold project after signing a deal to offload its Palmer River site to Revolver Resources for a cool $1 million. The deal appears to be mutually beneficial for both companies with Great Southern enjoying a significant exploration cash boost whilst Revolver receives licences covering an area of 360 square kilometres adjacent to its flagship Dianne copper mine project in northern Queensland. |
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Mt York samples open door for Kairos lithium play |
Routine earth-moving activities at Kairos Minerals’ Mt York gold project in the Pilbara have turned up spodumene pegmatites, opening the door to a possible lithium play for the diversified West Perth explorer. The discovery has excited Kairos, not least because it was made less than 4km from Pilbara Minerals’ massive lithium operation, Pilgangoora. |
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Kopore launches survey of Kalahari copper belt |
Kopore Metals is set to commence airborne electromagnetic and gravity surveys at the company’s Ghanzi West copper silver project located in the Kalahari copper belt, Botswana. The program is expected to commence in early August, with results anticipated in the final quarter of the year. The surveys will run over the project’s Kara Dome prospect in an effort to identify copper and silver mineralisation. |
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Okapi joins uranium elite after US acquisition |
Okapi Resources has become a key player in the new energy sector after completing the acquisition of a 51 per cent interest in the high-grade Hansen uranium deposit in Colorado, USA, from STB Minerals. The deal extends its resources at its Tallahassee project to 42 million tonnes at 540 ppm for 49.8 million pounds of triuranium octoxide and increases the grade of Okapi’s existing resource about 10 per cent. |
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Tietto unveils more bonanza gold in West Africa |
Perth-based Tietto Minerals has spun out another set of bonanza-grade gold strikes from infill drilling at its AG South deposit, part of its larger 3.45-million-ounce Abujar project in Cote d'Ivore, West Africa. The most spectacular of the latest assays from the 26 diamond holes drilled was 1m at 63.85 grams per tonne gold from 72m, whilst another hole delivered a 1m hit grading 35.82 g/t gold from 313m. |
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Latin snaps up more Brazilian lithium ground in Brazil |
Latin Resources has moved to consolidate its position in Brazil, snapping up another highly prospective 1.2km lithium play within earshot of its previously defined Colina prospect. The company says the acquisition doubles its southern strike length to more than 2km into an area where the region’s high-grade pegmatites are interpreted to continue under a blanket of shallow cover. |
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Empire fracks much-awaited Beetaloo gas well |
Empire Energy has started the much-awaited fracking of its Carpentaria-2H well, the longest horizontal well drilled in the Beetaloo sub-basin as it attempts to unlock the potential of the prospective multi-trillion cubic feet NT gas play. The company has pumped the first of a 25-stage frack in its 1250m-long hydraulic stimulation program it is planning for last year’s C-2H gas discovery. |
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Arafura inks rare earths agreement with General Electric |
Arafura Resources continues to secure the future of its Nolans project in the Northern Territory by collaborating with American giant General Electric to supply neodymium and praseodymium in order to produce wind turbines. The two companies have signed a non-binding memorandum of understanding to negotiate a long-term sale and purchase agreement to secure rare earths for GE’s renewable energy division. |
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St George eyes copper sulphides from Pilbara diamond holes |
St George Mining’s maiden drilling program at its Paterson copper-gold project in WA’s east Pilbara region is in full swing with three more drill holes returning encouraging signs. The explorer says the lithologies intersected in all three drill holes appear consistent with those known to host major copper-gold deposits in the Paterson province. |
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