EDITION #184
Perth, Western Australia - Tuesday August 9, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Investors back Arafura in $41.5m share placement
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Arafura Resources has received firm commitment from investors to raise $41.5 million as it looks to advance its Nolans rare earths project near Alice Springs in central Australia. The company will issue about 156.7 million new shares. It says the placement was strongly supported by new and existing investors from around the globe and reflects significant interest in Arafura’s tier 1 asset. |
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Empire fracks record 21 stages at Beetaloo well |
Empire Energy has ticked off a milestone in the Beetaloo sub-basin, hydraulically stimulating, or “fracking” a record 21 stages at its Carpentaria-2H gas well in the Northern Territory. The company says a key aim of the program is to assess a range of stimulation fluid mixes to optimise future production. |
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High-grade nickel assays bolster Estrella mining bid |
Nickel-focused Estrella Resources is becoming increasingly bullish about shifting into production after receiving further high-grade assays from resource drilling at the company’s Spargoville nickel project near Kambalda in WA. Significant results from its latest diamond drilling include 3.45m going 5.46 per cent nickel from 70m, containing a high-grade 1.2m at a stunning 10.85 per cent, 11.12m at 1.68 per cent from 59m and 2.7m at 2.47 per cent from 74m. |
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Drones put spotlight on Goldfields copper for Infinity |
A drone magnetic survey for Infinity Mining has discovered a 350m anomaly beneath historical copper workings at its Coppermine project near Leonora that it has identified as a target for follow-up RC drilling. The prospect was highlighted during a recent drone magnetic survey after rock chip sampling earlier this year returned results up to 2.06 per cent copper, 3791 parts per million zinc and small traces of gold at 0.33 ppm. |
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Panther chases WA gold with diamond drilling |
Panther Metals is working the drill bit at its Ironstone prospect, part of the company’s larger Merolia project near Laverton in Western Australia. The explorer says its 1200m diamond drilling program is aimed at testing historic mineralisation and modelling the target’s main lode. Earlier work in the area delivered a peak intercept of 9m at 22.27 grams per tonne gold from 112m. |
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Askari lands ounce-to-tonne gold from Kimberley stream |
Ahead of an RC drilling campaign later this month, battery metals and gold explorer Askari Metals has uncovered up to 31.9 grams per tonne gold in stream sediment from a loaming campaign at its Horry copper and gold project in WA’s Kimberley region. The company’s exploration campaign included panning creeks and tributaries, metal detecting and collecting rock chip samples. The rock chips revealed grades of up to 3.82 g/t gold and 4.3 per cent copper. |
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Lindian follows up rare earths play with new CEO |
ASX-listed Lindian Resources has followed up its shift into rare earths exploration by appointing commodities specialist Alistair Stephens as its new Chief Executive Officer as the company awaits shareholders to approve its takeover of the globally significant Kangankunde project in Malawi. Non-Executive Chairman Asimwe Kabunga will move to the role of Executive Chairman. Lindian is aiming to take full control of Kangankunde through a 100-per cent share acquisition of Rift Valley Resource Developments. |
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Soil sampling unveils copper-gold anomalies for Dart |
Dart Mining is confident it has come across a large-scale copper-gold system after picking up new anomalies from a raft of samples from its Granite Flat project in north-east Victoria. The company scooped more than 5000 specimens last month. A subsequent pXRF review confirmed the ground’s potential and underlined a raft of ardennite and zinc-infused targets that could soon meet the drill bit. |
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Thailand mining policy set to boost Pan Asia projects |
Pan Asia Metals says Thailand’s new mining policy shows the importance of minerals to the country’s economy, reduces dependence on imported metals and adds a significant boost to the company’s local projects. This week the Thai cabinet approved the Policy on Mining and Downstream Industry that aims to improve investment promotion measures for the exploration, mining and downstream processing industries in the country. |
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Antilles targets European investors with Frankfurt listing |
ASX-listed Antilles Gold has debuted on the Frankfurt Stock Exchange to satisfy the enthusiasm of European investors who the company believes want a piece of the action as it explores for gold and copper in Cuba. The listing comes just days after Antilles announced it had raised more than $3 million from a new issue of 61 million shares from sophisticated investors. |
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Surefire extends gold footprint with promising assays |
Surefire Resources has received results from two more RC holes at the company’s Yidby gold project in the Murchison district of WA’s Mid West region. The 4m assays revealed a high tenor of gold grades with one 4m-sample going as high as 10.4 grams per tonne gold from 72m downhole. The company recently completed a drilling campaign of 23 RC holes for 2754m, primarily aimed at testing “mobile metal ion” anomalies. |
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All signs point to year-end gold pour for Tietto
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Tietto Minerals appears to have navigated the many challenges involved with constructing a gold mine in Africa and is now racing towards its maiden gold pour in in Côte d'Ivoire where the company has a 3.45 million-ounce resource. The company says its Abujar open-pit mine could be one of the largest in the region, producing 260,000 ounces of gold in its first year and more than 1 million ounces in its first six years. |
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New Earaheedy zinc-lead prospect discovery for Strickland |
Strickland Metals has identified a new prospect at its Iroquois zinc-lead project in Earaheedy Basin near Wiluna in Western Australia after rock chip samples and a trial induced polarisation survey confirmed anomalies. Recent rock chip samples at the new Malecite prospect about 1.5km south-east of Iroquois returned peak results of 7.3 per cent lead, 0.5 per cent copper, 4.8 grams per tonne silver, 0.4 per cent zinc and 25 per cent manganese. |
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American West identifies more shallow Canadian copper |
Diamond drilling at American West Metals’ Storm copper project in Canada continues to unearth more visual hits, with four recent holes plunged across a highly prospective area known as 2750N extending the zone’s shallow mineralisation footprint. The company says the first bore of its latest campaign intersected more than 74m of visual mineralisation, including a 15.3m package of breccia and massive copper sulphide material stretching across several intervals. |
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Green tick sets Coda up for drilling at Qld copper-gold project |
Coda Minerals has been given the green light to begin drilling at its highly prospective Cameron River copper-gold project near Mt Isa with final environmental approvals received from the Queensland Government. The company says the 30-hole RC drill campaign will kick off on August 23 and test a number of geochemical and induced polarisation survey targets. |
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