EDITION #194
Perth, Western Australia - Friday September 9, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
West Cobar swoops on WA rare earths project |
West Cobar Metals has inked binding agreements to acquire private company Salazar Minerals and its clay-based rare earth elements project located 120km north-east of Esperance in WA. The Salazar project is hailed as one of Australia’s most advanced rare earths assets of the clay variety and boasts an inferred resource of 43.5Mt at 1192ppm total rare earths oxide with low levels of uranium and thorium. |
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Second Victorian gold mine on the cards for Kaiser |
Kaiser Reef is gearing up to bring a second gold mine into production at is Maldon project located in Victoria’s illustrious goldfields. With production in full swing at the company’s flagship A1 gold mine, 300km east of Maldon, ore from a re-opened Union Hill gold mine is earmarked to supplement feed into the nearby refurbished 150,000 ounce per annum gold processing plant. |
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Torque nails record breaking gold hits at WA gold project |
Torque Metals has hailed its latest results as the best yet from the company’s flagship Paris gold project near Kalgoorlie in WA’s Goldfields region. The explorer’s new benchmark comes from a 27m intersection going 10.7 grams per tonne gold from 177m including a 12m intercept recording 19.7 g/t from 177m in addition to a 6m hit at an impressive 32.45 g/t gold from 183m. |
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Horizon lands more high-grade Kalgoorlie gold |
A first phase of exploration drilling has yielded Horizon Minerals high-grade results from its Pinner prospect at the company’s Cannon gold project 30km south-east of Kalgoorlie in WA’s Goldfields. Notably, new and shallow mineralisation was encountered with intercepts including 1m at 35.39 grams per tonne gold from 36m within a broader 6m hit going 6.94 g/t from 35m. |
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Lithium exploration highlights South West pegmatites for Kula |
Kula Gold will fast-track a sampling program at its Brunswick multi-mineral project in the South West region of WA after the discovery of six pegmatite target zones during lithium exploration at the site. The six zones were discovered close to the town of Donnybrook and only 45km away from the world-class Greenbushes lithium mine. Five of the pegmatites line up with a 16km radiometric anomaly calculated from publicly available data sets. |
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Lithium Australia beefs up LG battery recycling partnership |
Lithium Australia’s wholly owned subsidiary Envirostream has bolstered a partnership with an arm of consumer electronics dynamo LG to recycle over 250 tonnes of lithium-ion batteries. Under the agreement the company will deliver spent cells to the recycler’s facilities in Melbourne where the devices will be stripped, processed and treated before being repurposed into new energy storage solutions. |
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Strickland hunts WA Mid West gold and base metals |
As extensional drilling at Strickland Metals’ cornerstone Millrose deposit continues to deliver shallow high-grade gold the company is gearing up for further work at its gold and base metal projects 70km east of Wiluna in WA’s Mid West region. The latest oxide gold drill results coming out of Millrose include 28m at 3.7 grams per tonne gold from 54m containing a high-grade hit of 6m at 12.1 g/t. |
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Si6 hunting down nickel-sulphide bounty in Botswana |
Soil samples taken from Si6 Metals’ Maibele East and Mashambe prospects in Botswana have revealed elevated levels of copper, zinc and nickel suggesting the possibility of nickel-sulphide deposits lurking beneath. Identified by X-ray fluorescence analysis, Si6 says the samples show evidence of ultramafic lithology across the Maibele-Mashambe trend whilst exploration at its Gobajango prospect has also revealed highly prospective mineralisation. |
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American West Canadian campaign yields 57m copper hit |
New assay results from diamond drilling at American West Metals’ Storm project in Canada have confirmed the continuity of shallow, high-grade copper at a highly prospective zone dubbed “2750N”. Headline results include a 57m parcel grading 2.5 per cent copper from 8m embracing a 1m intercept running an eye-catching 21.9 per cent copper from 14m downhole. |
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Hot Chili posts strong hits ahead of copper resource upgrade |
Infill drilling at Hot Chili’s San Antonio deposit, part of its larger Costa Fuego project in Chile continues to deliver solid copper hits in addition to some silver credits. The latest results include 21m at 1.6 per cent copper equivalent from 74m down hole which along with others is expected to play a part in the next Costa Fuego resource update scheduled for later this year. |
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Lithium Energy set for maiden Argentinian campaign |
After sifting through a stack of potential drill targets Lithium Energy has settled on an optimal location and mobilised a diamond drilling rig to kick off an inaugural probe at its Solaroz brine project in Argentina. A suite of heavy hitters hold territory bordering the project with the landmark hole to be plunged into an area adjacent to battery metals all-star Allkem Limited’s 16.2 million tonne Olaroz lithium project. |
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Kairos kicks off Pilbara lithium hunt |
Kairos Minerals is set to begin drilling at its Lucky Stump prospect where spodumene pegmatite samples grading up to 1.9 per cent lithium oxide were discovered near the company’s Mt York project in the Pilbara. The 16-hole RC drilling campaign is planned to cover 2400m and target multiple spodumene pegmatites that form part of a larger swarm at Mt York only 4km south of Pilbara Minerals’ Pilgangoora lithium-tantalum mine. |
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Caeneus targets resource estimate after WA drilling program |
Perth-based developer Caeneus Minerals has concluded a 20-hole, 4000m-plus RC drilling campaign at its Highway nickel-cobalt-copper-palladium deposit that is part of the company’s larger Pardoo project near Port Hedland in WA. The program’s phase two infill holes were aimed at collecting metallurgical and geological data ahead of a 2023 mineral resource estimate at the operation. |
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