EDITION #195
Perth, Western Australia - Wednesday September 14, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Classic gets Government all-clear for Goldfields mine |
Classic Minerals has been given the green light to begin production at its Kat Gap gold mine near Southern Cross after officially receiving WA Department of Mines, Industry Regulation and Safety approval. The Kat Gap deposit hosts almost 93,000 ounces of an inferred mineral resource at 2.96 grams per tonne gold and is the principal contributor to the company’s total gold inventory of more than 400,000 ounces. |
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Strong gas flow persists for Empire at Beetaloo well |
Empire Energy has notched up another milestone in the Beetaloo sub-basin with ongoing production testing of its Carpentaria-2H well in the Northern Territory delivering a 30-day average of 2.4 million standard cubic feet of gas per day. The company says its new data suggests the well’s gas is endowed with a low impurity composition that could support low carbon development opportunities. |
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Lithium Energy launches Argentinian maiden drilling campaign
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Battery minerals company Lithium Energy has unleashed its maiden drilling program at its flagship Solaroz lithium brine project in Argentina where its neighbours include lithium majors such as Allkem and Lithium Americas. The market appears to like positive lithium stories at the moment and the drilling commencement prompted a jump in Lithium Energy’s shares by 9.5 per cent to an intraday high of $1.26. |
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Ardea plans 55 per cent increase at Goldfields nickel processing hub |
Ardea Resources aims to significantly increase initial stage nickel-cobalt processing at its proposed Kalgoorlie nickel project Goongarrie Hub with plans to develop a 3.5 million tonne per annum operation. The company has announced its production plans will incorporate two 1.5Mtpa high pressure acid leach autoclaves combined with a 0.5Mtpa atmospheric leach circuit to initially produce a mixed hydroxide precipitate to be used in the lithium-ion battery sector once the site is operational. |
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Askari returns from NT lithium search |
Battery metal explorer Askari Metals has completed 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 was designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project. |
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Image lands mining extension at WA mineral sands project |
Mineral sands producer Image Resources has executed a land access agreement that will allow it to extend mining operations at its wholly-owned Boonanarring project near Perth in WA. The deal enables the miner to access raw material from the operation’s south thereby curtailing a production gap brought on by relocating processing equipment to its Atlas deposit that is next in line to be brought into production. |
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Allup eyes bigger silica footprint |
Silica sand explorer Allup Silica has applied for two new exploration projects, Blue Vein in WA and Trigger Fish in the NT. The company is also looking to beef up its Dune Buggy project by lodging an application to expand its tenement just 15km from the port of Esperance in WA. Since listing in May, Allup’s strategy has been focused on projects, purity and ports. |
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Aurumin eyes resource update with fourth wide gold hit |
Mineral explorer Aurumin’s winning run continues from diamond drilling at its Central Sandstone project 130km west of Leinster in WA as the company aims to extend the mineral resource at the site. The final assay from the program returned a 242.7m intersection going 1.2 grams per tonne gold from 203.1m including an 8.3m at 4.82 g/t gold from 214.2m. The campaign sought to test the northern section of the project’s Two Mile Hill deposit. |
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Drilling revs up as Lanthanein sizes up Gascoyne rare earths |
Explorer Lanthanein Resources has begun an RC drilling program at its Lyons rare earth project in the Gascoyne region of WA as the company looks to emulate the recent discoveries made by its neighbours. The company is targeting its Lyons 11 prospect that hosts outcropping ironstones similar to those found at Hastings Technology Metals’ nearby Yangibana project in addition to the rare earths uncovered at Dreadnought Resources’ Sabre and Yin prospects only 32km away. |
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Metal Hawk extends target nickel zone after more drilling success
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Gold and nickel explorer Metal Hawk says RC drilling at its Berehaven project, about 25km south-east of Kalgoorlie, has extended the Torana prospect’s target zone after hitting new zones of disseminated nickel sulphides. The open strike length of the targeted ultramafic unit now extends to almost 1km and downhole electromagnetic surveys are underway to refine targets for more drilling. |
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Shallow hits fortify WA asset for International Graphite |
International Graphite has struck a package of near surface mineralisation at its newly defined ‘Springdale Far West’ area, about 500m from its existing Springdale resource near Hopetoun in WA’s south. Headline results from the company’s latest 9-hole RC campaign include 4m at 19.9 per cent total graphite content from 73 inside of a larger 7m parcel grading 13.3 per cent TGC from 71m. |
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Venture locks onto WA nickel-copper target |
Recent drilling in a gold search by Venture Minerals at its Kulin project in Western Australia has uncovered an intriguing complement of nickel-copper sulphides. The identification from diamond drill core of the ore sulphide mineralogy confirms the fertility of a duo of 20km-long interpreted layered mafic-ultramafic intrusive suites over the company’s tenure that sits along strike of Chalice Mining’s mammoth Julimar nickel-copper-PGE discovery. |
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