EDITION #188
Perth, Western Australia - Tuesday August 23, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Conico, Greenstone eye Callisto extension after drill hit |
The share price of mineral explorer Conico spiked 31 per cent during intraday trading this afternoon on the back of news of a 65m intercept of disseminated sulphides at its Mt Thirsty joint venture just 400m south of ASX-listed Galileo Mining’s recent Callisto discovery near Norseman in WA. With the assays expected within six weeks, there is a sense Conico and JV partner Greenstone Resources could have bagged an attractive extension. |
|
|
Mining heavyweight joins Macarthur board |
Macarthur Minerals has boosted its commercial and financial talent pool by appointing accomplished mining man Ryan Welker to its board as the company moves to develop its advanced Lake Giles “green” magnetite iron ore project 250km north-west of Kalgoorlie. Welker has previously worked with some of the biggest names in mining including Rio Tinto, Hancock Prospecting and Mineral Resources. |
|
|
Classic infill program delivers more high-grade gold
|
Classic Minerals has delivered more high-grade gold intercepts from infill RC drilling at the company’s flagship Kat Gap gold project, 170km south of Southern Cross in WA. Significant results include a 1m hit going 40.1 g/t gold from 33m within a 2m intercept at 21.07 g/t also from 33m. The results come from another 14 holes that have been completed from Classic’s 109-hole infill program. |
|
|
Hot Chili gets power boost for Chilean copper project
|
Copper developer Hot Chili has dropped another piece of its Costa Fuego jigsaw into place after a Chilean regulator approved connection of the company’s promising copper project to a nearby power station. The WA-based company aims to operate Costa Fuego on a 100 per cent renewable power mix of nearby solar generators, wind turbines and hydroelectric power, adding to the project’s environmental credentials. |
|
|
Lithium Energy locks onto brines after seismic survey |
Lithium Energy says the first wave of results from a pair of ongoing seismic surveys has confirmed the presence of large-scale conductive brines at its Solaroz project in Argentina. The operation is strategically positioned in South America’s sacred “lithium triangle” and is within shouting distance of several heavy-hitting battery metals operations including Allkem Limited’s 16.2 million tonne Olaroz project. |
|
|
Godolphin wraps up NSW rare earths, rare metals campaign |
Godolphin Resources has completed four large diameter diamond drill holes for 285.6m as it hunts rare earths and rare metals at its Narraburra project in NSW. Whilst all samples are bound for the lab, portable XRF testing indicated mineralisation in all cores. The company says the maiden test of the underlying bedrock and preliminary results are very encouraging. |
|
|
Surefire goes after vanadium resource boost |
Aiming to kick its vanadium resource into production, Surefire Resources has completed a bout of infill RC and diamond drilling at the company’s 100 per cent owned Victory Bore vanadium deposit in WA’s Mid West region 50km south of Sandstone. The drilling program comprised 62 RC holes for 5188m and two diamond drill holes for 292m. |
|
|
International Graphite bolsters processing hub in WA |
International Graphite has installed pilot plant equipment for micronising and spheroidising its graphite concentrate at the company’s downstream processing centre in Collie about 200km from Perth in WA. Amongst a host of additional enterprises, the company is looking to use the plant to churn out battery anode material – a key component in lithium-ion batteries. |
|
|
Assay results drive SA copper targets for Coda |
Coda Minerals says stage 1 drilling at its Emmie iron oxide-copper-gold deposit in South Australia has enhanced geological understanding of the site and highlighted strong targets for further exploration. The company recently received the finals assays from the successful 23,000m drill campaign that identified three major conduits at the site including two geochemically and geologically distinct bornite zones. |
|
|
Lode primed for second drill campaign at NSW silver project |
With an array of targets and 19 holes planned across 2350m, Lode Resources is set to embark on phase 2 of its drilling campaign at the company’s Webbs Consol silver-base metals project in NSW. The upcoming drilling will target a combination of extensional drilling of previously discovered lodes as well as testing surface mineralisation identified from the phase 1 program, including the Tangoa West and Castlereagh prospects. |
|
|
Dart readies drill rig following Victorian copper-gold sniffs |
Dart Mining believes analysis of rock chip and grab samples bagged in a recent exploration campaign at its Granite Flat project in north-east Victoria suggest it could have significant copper and gold anomalies at the site. Some of the better chip results went 6 grams per tonne gold, whilst one of the more noteworthy grab specimens went 27.9 g/t gold and 2.83 per cent copper. |
|
|
Lanthanein fires up rare earths search after heritage survey |
Mineral explorer Lanthanein Resources has completed a heritage survey across the company’s Lyons rare earths project in WA’s Gascoyne region ahead of a maiden drill program inspired by a successful discovery in the neighbourhood. The RC program is designed to target high-grade rock chips going as high as 8.01 per cent total rare earths oxides, collected from outcropping ironstones over a strike length of more than 2.5km. |
|
|
Pan Asia extends mineralisation at Thailand lithium prospect |
Pan Asia Metals has produced encouraging assay results from its Reung Kiet Lithium Project north of Phuket. The latest results show an extension of the current mineral resource at depth and along strike. The company says its current campaign is aiming at increasing and upgrading its existing mineral resource later this year. |
|
|
Pilbara samples unveil lithium for Infinity Mining |
Initial assay results from Infinity Mining’s first field rock sampling program have confirmed multiple stacked lithium-bearing pegmatite units at its Tambourah South tenement in the east Pilbara region of WA. The headline result was 2.635 per cent lithium oxide. Infinity intends to reassay selective rock samples for rare earth elements, noting the current geochemical results highlight the potential for possible rare earths mineralisation. |
|
|
Metal Hawk kicks off 3000m campaign in WA nickel hunt |
Mineral explorer Metal Hawk has commenced a 3000m RC drill campaign aimed at nickel sulphide targets at the company’s Berehaven nickel-gold project near Kalgoorlie in WA. The program is designed to test multiple zones with nickel sulphide potential across the project area including four new electromagnetic conductors within 5km of last year’s notable Commodore nickel discovery. |
|
|
Is your ASX-listed public company doing something interesting?
|
Follow Bulls N’ Bears on social media |
If you would prefer not to receive newsletter emails from The West Australian, you can update your preferences or unsubscribe below. |
Bulls N' Bears Chronicle 50 Hasler Road, Osborne Park, 6017 Unsubscribe |
|
|
|
