EDITION #180
Perth, Western Australia - Thursday July 28, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Pan Asia sets target for Thailand lithium prospect |
Singapore-based Pan Asia Metals, on the hunt for battery metals in Southern Thailand, has defined an exploration target at its Bang I Tum prospect of 8 to 14 million tonnes grading between 0.5 and 0.8 per cent lithium oxide, with drilling expected to start within two months. Bang I Tum is an old, relatively large open-cut tin mine turned lithium prospect and part of the larger Reung Kiet lithium project. |
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Vic gold bonanza as Kaiser ends financial year on high |
Kaiser Reef has tabled strong quarterly operating revenues of $7.3 million and positive cash flow of $2.3 million from its Victorian gold operations. It ended the financial year with $6.58 million in the bank and no debt. The company reported bonanza-grade gold discoveries at its A1 mine during the quarter and released a resource estimate for its Maldon mine of 1.2 million tonnes at 4.4 g/t gold for 186,656 ounces of gold. |
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Ora Banda’s new focus delivers maiden positive cashflow
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Ora Banda Mining’s strategy to simplify mining, raise plant efficiency, cut costs and improve cash generation has stabilised performance and delivered a timely boost as the company heads into the new financial year. The June quarterly report has marked the first time the gold producer has delivered a positive cash flow since inception. The $3.8 million net operating position came on the back of the sale of 15,060 ounces of gold during the period. |
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Noronex fires up drill rig for Kalahari copper |
Mineral explorer Noronex has kicked off a six-hole program at the company’s Snowball copper joint venture in Namibia’s highly prospective Kalahari copper belt. Its drill targets were modelled from the largest deposits in the Kalahari and Central African copper belts, with the rig now passing over virgin territory in a hunt for new and significant discoveries. |
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Asra land grab extends WA gold and rare earths play |
Asra Minerals has amassed an extra 2456 hectares of prime real estate at its flagship Mt Stirling multi-commodity project in Western Australia’s eastern Goldfields. The 13 freshly minted tenements abut Mt Stirling’s southern block and take in a further 4km strike of the prospective Arktos Fault that hosts the company’s emerging Yttria and Wishbone rare earths and critical minerals discoveries. |
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Brightstar drilling lands more gold at Laverton
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Brightstar Resources air-core drilling has yielded anomalous gold results at its Rowena, Jubilee and Sailor Prince historical gold mines. The old mines near Laverton in WA form part of the company’s Brightstar South project. The best result was 1m at 4.85 g/t gold at the Sailor Prince prospect with the 500m-long gold lode being aligned with the old workings. |
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Globe fine-tunes extraction of Africa niobium, tantalum |
Globe Metals and Mining is teaming up with industry partners to fine-tune the extractive technologies needed to treat high-purity niobium pentoxide and tantalum concentrates from its Kanyika project in Malawi. In addition to producing niobium and tantalum oxides, the company is investigating a second processing technology as it looks to open up the lucrative ferro-niobium market. |
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Western Mines spies visual sulphides in WA nickel probe |
Western Mines Group believes it has a significant mineralised system at its flagship Mulga Tank nickel-copper-PGE project, after unveiling more than 300m of visual disseminated sulphides in one of three diamond holes sunk at the operation on the Minigwal Greenstone Belt in WA’s eastern Goldfields region. The company’s recent exploration was aimed at testing mineralisation below a historical drill hole that has delivered a raft of PGE hits. |
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Conico spins drill bit in Greenland gold, PGE chase |
Conico has kicked off another round of drilling at its Ryberg project in Greenland, targeting platinum group elements and gold at the company’s Cascata site and multi-metals at its Sortekap prospect. Drilling is also about to start at Mestersvig, Conico’s other Greenland project, with all personnel and equipment on site. Field investigations at several new Ryberg prospects are also at the planning stage having been identified from aero-magnetic surveys completed last year. |
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Panther kicks off round two in bonanza-grade gold chase |
Panther Metals has started follow-up drilling at Burtville East, near Laverton WA, as it looks to replicate its bonanza gold grades from its first six RC drill holes. The initial campaign returned spectacular results including 15m at 53.9 grams per tonne gold and 1m intervals up to 478 g/t gold. The new drilling program aims to provide detailed geological information on the earlier bonanza-gold intercepts, test for strike extensions and the potential for further stacked lodes. |
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Latin diamond rigs at full speed in Brazil lithium quest |
Ongoing resource definition drilling at Latin Resources’ Colina lithium prospect continues to deliver, with a recent diamond campaign churning out impressive intercepts including 1m at 4.22 per cent lithium oxide from 196m, inside a longer 16m section grading 1.29 lithium oxide from 189m. The prospect is part of the larger Bananal lithium project in Brazil. |
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Strike carves shorter iron ore trucking route |
Pilbara iron ore producer Strike Resources has received further approvals from the state regulator as the company looks to switch ports and establish a shorter trucking route for exports from its Paulsens East iron ore mine in the Pilbara. The proposed switch from Port Hedland to Port of Ashburton near Onslow would slash its trucking distance from 650km to 235km. |
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West Africa delivers more high-grade gold for Tietto |
West Africa-focused Tietto Minerals has rung the till again at its 3.45 million- ounce Abujar gold project in Côte d’Ivoire with ongoing infill drilling, delivering results including 2m at 120.21 grams per tonne gold inside of a larger 12m parcel running 20.96 g/t gold from 298m. The assays are courtesy of seven holes sunk at its operation for just over 2700m and three at the company’s nearby AG South deposit for 274m. |
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Maximus targets gaps in historical gold campaigns at Kambalda |
Maximus Resources has moved swiftly to launch a 3500m, 21-hole RC drilling program at its Wattle Dam gold project after discovering high-grade mineralisation from testing at the site’s Golden Orb corridor near Kambalda in WA’s Goldfields region. The current program is targeting gaps in historical drilling that previously reported results including one 3m intersection going 83.3 g/t gold from 25m to the south of the company’s Wattle Dam gold mine near its S5 prospect. |
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Caeneus steps up Pilbara nickel hunt with infill drilling |
A second major RC drilling program is underway at explorer and developer Caeneus Minerals’ Pardoo nickel project near Port Hedland in WA’s Pilbara region. The company plans to drill about 6000m over a total of 32 holes in infill fashion across the project’s Highway nickel-cobalt-copper-palladium deposit as it looks to table a mineral resource estimate early next year. |
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Lithium Energy nears drill campaign in Argentina |
Lithium Energy is gearing up to launch a drilling campaign at its Solaroz brine project in Argentina after securing a rig to test a suite of targets outlined by a pair of soon-to-be completed seismic surveys. The operation is in South America’s lithium triangle and shares a postcode with a number of heavy-hitting battery metals plays including Allkem Limited’s 16.2 million tonne Olaroz project. |
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Strickland primes zinc-lead campaign after JV deal |
Strickland Metals has been named the manager of the Iroquois zinc-lead project in Western Australia’s Earaheedy Basin after the company completed a formal joint venture agreement with Gibb River Diamonds. The new joint venture supersedes a historical option agreement from 2012. Strickland says a native title heritage survey will be requested for next month. The company is planning a 5000m drilling program with a further 5000m in the works, subject to positive results. |
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