EDITION #191
Perth, Western Australia - Thursday September 01, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Galan delivers bumper flow, grades in Argentinian brine tests |
Pumping tests at Galan Lithium’s wholly owned Hombre Muerto West lithium brine project has churned out a high flow rate of around 20 litres of concentrate per second and delivered robust lithium grades of up to 927 milligrams per litre. Work at a well in the operation will now launch hydraulic testing at a second pumping well to follow up on results from another bore. |
|
|
Aurum reveals base metal side of flagship gold project |
After poring over historical data mineral explorer Aurum Resources has confirmed the company’s flagship Penny South gold project in WA’s Mid West is also prospective for nickel along with a potential side of silver and zinc. Aurum intends to re-assay drill holes that were only ever assessed for gold as it looks to quantify the project’s base metal potential. |
|
|
Kairos joins million ounce club after gold resource boost |
After a flurry of RC drilling Kairos Minerals has tabled a significant increase to the mineral resource at its Mt York gold project in Western Australia’s Pilbara region. The company says the operation now boasts a 1.1-million-ounce asset base up about 26 per cent from previous projections. |
|
|
Watch Bulls N' Bears on Flashpoint |
Tune in to Flashpoint each Sunday morning on Channel 7 at 10am to watch Bulls N' Bears MD Matt Birney talk about the ASX stocks that have run hardest for the week. |
|
|
Lanthanein ready to tackle fresh WA rare earths play |
The countdown is on for Lanthanein Resources with the company only days away from firing up a maiden drill campaign at its Lyons rare earths project in the Gascoyne region of Western Australia. The company has commenced earthworks to prepare access tracks and drill sites with the rig scheduled at the project by the end of the week and exploration to begin in the first week of September. |
|
|
Estrella eyes resource upgrade after latest WA nickel hits |
Estrella Resources will turn its attention to upgrading its resource after the final chapter of resource drilling at its Spargoville nickel project near Kambalda in WA delivered a raft of solid intercepts. Assay results from two diamond holes sunk beneath the Spargoville 5A deposit include 2.76m at 3.58 per cent nickel from 71.46m and 2.2m going 3.17 per cent nickel from 61m. |
|
|
ADX gets green light to kick off Italian gas hunt |
ADX Energy could soon launch an offshore gas hunt in Italy after the country’s authorities offered the producer approval to conduct exploration off the coast of Sicily. The Italian Government suspended exploration back in 2019 in order to evaluate the viability of sustainable hydrocarbon prospecting, exploration and development in the area. |
|
|
Askari homes in on fresh NT lithium targets |
Askari Metals has embarked on another round of field mapping and sampling at the company’s Barrow Creek lithium project located in the NT’s Arunta pegmatite province. The field program is designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project. Previous phases of exploration across the area identified fertile pegmatites with lithium oxide values of up to 817 ppm. |
|
|
Kula uncovers anomalous platinum, palladium, gold at Westonia |
ASX-listed mineral explorer Kula Gold’s maiden exploration program at its wholly owned Westonia project has returned anomalous geochemical auger sampling results of platinum and palladium combined of up to 125 parts per billion and gold of up to 35 ppb. The results have whetted the company’s appetite and it has ticked off an accelerated exploration program at its site close to the prolific Edna May gold mine east of Southern Cross |
|
|
Lindian locks in key local support for Malawi rare earths project |
Lindian Resources is gaining momentum as it moves into the development stage of its Kangankunde rare earths project in Malawi following successful meetings with government officials and local stakeholders. Over the past week Lindian management has met with government representatives with the company saying the Malawi Ministry for Mining has confirmed its support for the acquisition and development of the project. |
|
|
Maximus wraps up multi-project exploration blitz |
Maximus Resources has capped a busy month with the completion of a drill program at its Wattle Dam gold project near Kambalda in addition to wrapping up a drone magnetic survey at multiple sites. The multi-target survey was completed over the company’s Lefroy lithium project, the Hilditch gold project and the recently acquired Kemble gold and nickel prospect. |
|
|
Sihayo tops up gold base with satellite resource |
Indonesia-focused gold explorer Sihayo Gold has tabled a maiden resource for the company’s Sihorbo South deposit within its Hutabargot Julu project and in the process piled on another 100,000 ounces of gold to its 1.56-million-ounce base. The explorer plans to conduct a scoping study to assess the potential to include the new resource as a satellite operation for its flagship project. |
|
|
Strike hits major milestone with maiden iron ore export
|
Strike Resources has exported its first shipment from the company’s Paulsens East mine with 66,618 tonnes of iron ore with a grading of 62 per cent bound for China after being purchased by a Hong Kong buyer. The maiden shipment aboard the MV Cepheus Ocean left Australia from the Utah Point multi-user bulk handling facility at Port Hedland earlier this week and marks a significant milestone for the company. |
|
|
Alto lands new shallow gold in 60,000m campaign |
Alto Metals has scooped up a suite of shallow gold intercepts in its latest RC drilling campaign that the company says continues to show high growth potential within its 635,000-ounce Sandstone gold project. The explorer tabled headline results that include 13m at 5.4 grams per tonne gold from 80m containing a higher-grade 3m interval running 16.7 g/t from 81m. |
|
|
Horizon secures full ownership of WA gold project |
Horizon Minerals has acquired the remaining 50 per cent of ASX-listed Labyrinth Resources’ high-grade Penny’s Find gold project in WA’s Eastern Goldfields for a package of $500,000 in cash and $250,000 in shares. Horizon now owns 100 per cent of the high-grade gold project and associated tenements via its wholly owned subsidiary Black Mountain Gold. |
|
|
Mineral Commodities reveals improved financials |
ASX-listed Mineral Commodities has revealed dual improvements in the underlying values of EBITDA and profit performance with increases of 182 per cent and 37 per cent respectively when compared to 2021. The company’s half yearly report says the improvements reflect stabilised operating performance at its Skaland graphite project in Norway and improved operating performance at its Tormin heavy mineral sands project in South Africa |
|
|
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 |
|
|
|
