EDITION #206
Perth, Western Australia - Tuesday October 18, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Valor unearths spectacular grade uranium-copper rock chips
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ASX-listed explorer Valor Resources has snared a suite of uber-impressive grade rock chips grading up to 6.13 per cent uranium oxide and an eye-catching 61.7 per cent copper at its Surprise Creek project in Canada. Legacy drilling at the tenure returned several compelling uranium intercepts, including 2.1m at 4.37 per cent from 57m, indicating the surface results could be just the tip of the iceberg. |
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Askari pulls ounce to the tonne gold sample from old workings
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Askari Metals has unearthed a suite of minerals from reconnaissance field work at its Springdale project in NSW including rock samples showing grades of up to an ounce to the tonne gold. The company has also identified the potential for rare earths and base metals mineralisation in addition to significant levels of cobalt and manganese near historical workings at the site. |
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Noronex adds more Namibian copper hits to repertoire |
Mineral explorer Noronex has completed a further two holes at its flagship Witvlei copper project in Namibia’s highly prospective Kalahari copper belt. Significant results from one hole include 3m at 2.2 per cent copper from 250m and 6m at 0.8 per cent from 261m. The other hole – less than 100m south-west ¬ – delivered 3m at 1.3 per cent copper from 158m. |
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Lindian secures rig for African rare earths probe
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Lindian Resources is set to embark on a 12,500m resource definition drilling program at the company’s brand new Kangankunde rare earths project in Malawi after enlisting a rig to roll in later this month. The drilling is designed to probe the project’s historic resource and an extensive area of surface mineralisation measuring 650m-long by 400m-wide. |
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Latin eyes offtake agreement after kaolin test pit work
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Latin Resources could soon lock in an offtake agreement for its WA-sourced kaolin after excavating a test pit and dispatching a batch of bulk sample material to a pair of potential customers. The work forms part of a more extensive trial mining operation at its Cloud Nine deposit – an asset it says is amongst the largest underdeveloped halloysite-kaolin plays in the country. |
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Twenty Seven Co locks up Mid West lithium lease
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Twenty Seven Co has advanced its battery metals strategy by securing an option to earn a 100 per cent interest in the highly prospective Mt Edon lithium, caesium and tantalum mining lease in WA’s Mid West region. Twenty Seven Co will initially fund a due diligence work program at the project that will include 500m of RC drilling to a minimum of $140,000 before making a final commitment. |
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Mt Malcolm ratchets up Leonora gold search
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Mt Malcolm Mines aims to extend the mineralisation of its Dumbarton gold prospect near Leonora in WA’s Goldfields region with a new 15-hole RC campaign over 1500m after a recalibration from its phase 1 program. The current campaign follows a phase 1 exploration program that struck gold anomalies in the first five holes sunk into the prospect. |
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Cazaly closes in on resource estimate for Kimberley copper deposit
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Cazaly Resources expects to release a maiden resource estimate for its Bommie copper prospect near Halls Creek next month after hitting a series of wide and shallow intercepts from the latest round of RC drilling. The company has received final assay results from a 19-hole campaign over 4094m aimed at testing its Moses Rock electromagnetic conductor and the Bommie porphyry copper system that forms part of the greater Halls Creek project. |
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Si6 Metals rolls rig in for round two gold search |
Si6 Metals has kicked off a follow-up air-core drilling program at the company’s Monument gold project in WA’s Goldfields region. The 120-hole campaign will probe 6000m across four high-priority target areas as the company looks to build on wide zones of gold mineralisation encountered in May. About a quarter of the air-core volley will be aimed at potential extensions of Glencore’s world-class Murrin Murrin nickel laterite operation proximal to the south-west. |
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Ardea poised to probe two WA nickel sulphide targets |
Ardea Resources is poised for a flurry of new exploration with plans to test a suite of open mineralised channels at its Binti prospect and conduct a regional technical assessment at its Emu Lake nickel sulphide target about 70km northeast of Kalgoorlie. Emu lake and Binti open up a nickel sulphide front for Ardea in addition to its massive nickel laterite play to the north east. |
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Government backs Lanthanein rare earths drill program
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Mineral explorer Lanthanein Resources is underway with a co-funded two-hole drilling program at the company’s Lyons rare earths project in WA’s Gascoyne region. The government has awarded the explorer $200,000 as part of the state’s Exploration Incentive Scheme to probe one of the country’s fastest emerging rare earths provinces. The co-funded program will test the outer magnetic rim of the project’s two largest modelled carbonatite intrusives. |
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Westgold tests for deeper high-grade gold at Cue project
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Westgold Resources has begun drilling its Great Fingall Deeps project near Cue to test for deeper gold resources below its Great Fingall deposit that hosts the company’s highest grade mineral resource. The 10000m diamond drill campaign will test an additional 250m of down plunge mineralisation below the defined mineral resource between 1km and 1.2km below the surface. |
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Infinity closing on maiden Pilbara lithium probe |
Infinity Mining is set to hit the go button on a maiden drilling program at its Tambourah South lithium project in the east Pilbara region of WA after ASX-listed Riversgold completed a heritage survey over a contiguous tenement. The company required Riversgold to complete the work to mobilise earth moving equipment to its tenement and is now set to follow up on a suite of solid rock chip results which graded up to 2.6 per cent lithium oxide. |
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Western Mines wins drilling grant to test Goldfields project
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Western Mines Group’s exploration plans at its Mulga Tank nickel-copper-platinum group elements project have received a shot in the arm after receiving $220000 from the State Government’s Exploration Incentive Scheme. The funding will be used to pay 50 per cent of the cost for two deep diamond drill holes aimed at testing the project for massive and disseminated sulphide deposits. |
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OD6, CSIRO take to skies for rare earths hunt
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Mineral explorer OD6 Metals and project partner CSIRO have commenced a 13450-line km airborne electromagnetic survey at the Splinter Rock and Grass Patch rare earth projects in the Esperance region of WA. The work forms part of an ambitious pairing that will see the duo attempt to deliver technological breakthroughs in the exploration of clay-based rare earths deposits. |
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