EDITION #199
Perth, Western Australia - Tuesday September 27, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Westgold bumps up reserve ore grade, retains gold base
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Westgold Resources has improved the grade of its total ore reserves by 7.6 per cent whilst maintaining an ore reserve base above two million ounces of gold across its operations despite recent record production. The Mid West miner has also updated its total mineral resource estimate to 110 million tonnes at 2.24 grams per tonne for 7.9 million ounces of gold and its total ore reserve estimate now sits at 26 million tonnes grading 2.54 g/t for 2.1 million ounces of gold. |
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Dart unveils lengthy copper-gold intercepts in Victoria
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Dart Mining has tabled anomalous assay results from a deep diamond drilling program at its Granite Flat copper-gold project in north-east Victoria that it says underscore the operation’s bulk tonnage potential. The company tested several geophysical targets at the site earlier this year and results from the probe demonstrate broad intervals of anomalous gold, copper, silver and molybdenum. |
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Blackstone hits multi-element sulphides in exploration blitz |
Blackstone Minerals’ recent drilling program at the company’s Gold Bridge gold and nickel-copper project in British Columbia has returned a series of mineralised sulphide hits in Canada’s western-most province. After the successful results, the company is gearing up for more exploration on the country’s eastern coast. |
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Bulls N' Bears on Channel 7's Flashpoint |
Watch Bulls N’ Bears Matt Birney take you through the rise and rise of lithium and the curious case of coal.
Runners of the week looks at the ASX stocks that ran hardest last week… AND WHY. |
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Toro flags huge savings in standalone uranium-vanadium project
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Toro Energy says it can build its proposed standalone Lake Maitland uranium-vanadium operation for $270 million after a scoping estimation was completed by SRK Consulting Australasia and Strategic Metallurgy. The updated capital expenditure delivers a whopping $45 million reduction to the build compared to the $315 million estimate delivered around 10 years ago for the company’s Wiluna uranium operation. |
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Valor homes in on high-priority Canadian uranium
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An exploration blitz by Valor Resources across its uranium prospects in the Athabasca Basin area of Canada has unearthed a swathe of new high-priority targets with more expected once all results are finalised. A total of 11 targets were identified at the company’s Hook Lake uranium project from a recently completed airborne gravity survey, whilst final assay results from a diamond drilling program at the site have also been received. |
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Lithium Energy burrows deeper at Argentinian brine project |
Lithium Energy is making headway at its flagship Solaroz lithium brine project in Argentina, with the first hole of a maiden diamond drilling campaign now hitting a depth of about 60m. The company is currently locked in discussions to secure additional rigs as it looks to expedite the projected 10-hole, 5000m campaign. |
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Lode returns to rig for follow up NSW silver search |
Lode Resources has fired up the drill rig again in the wake of its first successful strike at its Webbs Consol project in NSW. The next phase of drilling at its Tangoa West prospect will test several newly identified targets from rock chip sampling, along with extending previous significant intercepts including 50m returning 284 g/t silver from 67m. |
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Triangle Energy snaps up Perth Basin oil and gas assets |
Triangle Energy has taken a 100 per cent holding of oil and gas acreage in Western Australia that is currently producing 700 bopd and holding 617 Bcf and 19 million barrels of potential gas and oil respectively. The deal with Key Petroleum also sees the company buy back the five per cent production royalty from Key, that it says makes the permits more valuable. |
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King River eyes production at Kimberley vanadium project |
King River Resources has outlined a conceptual development plan for an open-cut mining operation as it draws up plans for production at its Speewah vanadium project in the Kimberley region of Western Australia. With the largest vanadium-in-magnetite deposit based on tonnes and vanadium pentoxide content in the country at Speewah, King River says the open-cut mine will be scaled to five million tonnes per annum of ore to feed an on-site processing plant to produce high-grade magnetite concentrate. |
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Antilles awaits Cuban copper-gold assays from diamond drilling
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Whilst awaiting assays from diamond drill holes at its El Pilar copper-gold project in Cuba, Antilles Gold says the company is encouraged by the extent and character of mineralisation observed thus far. After sinking four diamond drill holes for 1110m the company believes it has intersected the outer mineralised halo of a prospective copper-gold porphyry system. |
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Infinity extends Pilbara lithium-bearing pegmatite swarm
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Infinity Mining continues to expand the footprint of lithium-bearing pegmatites at its Tambourah project in WA’s east Pilbara region with further rock chip samples returning up to 1.77 per cent lithium oxide. As the company awaits the final heritage approval to set the rods in motion on a maiden 2500m program, additional rock chip and lag sampling has uncovered another four new lithium-rich pegmatite zones. |
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Lindian closes in on purchase of Malawian rare earths project
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Lindian Resources will this week seek shareholder approval to acquire 100 per cent of Rift Valley Resource Developments Limited, the Malawian company that owns the globally significant Kangankunde rare earths project. The company recently completed a series of meetings with authorities in the Kangankunde district and secured a unilateral directive to commence a series of work programs to advance Kangankunde’s development. |
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Mineral Commodities nets nearly $4m for WA graphite project
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Mineral Commodities has landed a $3.94 million funding grant to support the development of an integrated graphite ore-to-battery anodes business based on its Munglinup graphite project in WA’s Great Southern region 100km west of Esperance. The cash-boost is part of a broader series of $50m in grants approved by the Australian Government to help grow the country’s critical minerals sector. |
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