EDITION #215
Perth, Western Australia - Thursday November 17, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Explorers in race to find next Greenbushes lithium discovery
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The recently released Federal Budget has highlighted the importance of the mining and resources industry to the Australian economy with a particular focus on the critical minerals sector. One of the most important commodities to the current market is lithium due to the importance of the metal to the electric vehicle and battery sector. |
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Tambourah surges 84 per cent on pegmatite find
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Shares in mineral explorer Tambourah Metals shot up over 83 per cent this morning after multiple prospective pegmatites were confirmed across a strike length of 500m at the company’s Russian Jack lithium project in WA’s Pilbara region. The explorer also excited the market by claiming a small yet highly prospective tenement in the Pilbara’s latest lithium hotspot. |
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Venture shares spike after WA rare earths hit
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Shares in Venture Minerals vaulted over 30 per cent in intraday trading after the company doubled its rare earths portfolio through a new discovery at its Golden Grove North zinc-copper-gold project in WA’s Mid-West. Results from a surface sampling campaign at the operation’s Vulcan prospect graded up to 12.5 per cent total rare earth oxides and follow the recent detection at the company’s Mount Lindsay project in Tasmania. |
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KalGold eyes fresh WA probe after heritage survey
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Kalgoorlie Gold Mining has completed a heritage survey at its Perrinvale gold project about 80km west of Leonora in WA that paves the way for boots on the ground exploration work. Historical campaigns unveiled a suite of anomalous target zones that were not fully examined and the company now plans to double-back and assess the potentially gold-bearing prospects. |
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Fresh hits bolster West African gold play for Tietto
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West African gold developer Tietto Minerals has stacked up another bundle of high-grade strikes from a rolling infill and extensional diamond drilling campaign at its 3.45 million ounce Abujar project in Côte d’Ivoire. The company’s latest round of strikes follow a probe of its AG deposit and was headlined by a 6m strike going 46.62 grams per tonne gold inside of a larger 19m intercept at 21.94 grams per tonne from 270m. |
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Arafura now sitting on $2.4b rare earths project
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ASX-listed Arafura Rare Earths has turbocharged the economics of its construction-ready Nolans rare earths project near Alice Springs in the NT with another update to the project’s definitive feasibility study. The update includes a 68 per cent increase in the net present value of the now $2.4-billion-project and comes whilst the ink is still drying on Arafura’s binding offtake agreement with major motor vehicle manufacturers Hyundai Motor Company and Kia Corporation. |
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Asra picks experienced geologist as new MD
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West Perth-based Asra Minerals has appointed experienced geologist and mining executive Rob Longley as its new Managing Director. Longley was General Manager Geology for Sundance Resources in Africa from 2007 to 2015 and CEO and MD of Helios Gold. His most recent position was CEO and MD of minerals explorer Ardiden and he is also a non-executive director of Green Technology Metals. |
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Kula unveils 2km WA lithium target
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Kula Gold has upped the ante at its wholly owned Brunswick project in WA’s south-west with recent mapping unveiling a 2km long and up to 300m wide pegmatite target. The project sits a mere 45km north of Greenbushes the world’s largest hard rock lithium mine and encouragingly the explorer says the discovery sits within the same shear zone. |
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Surefire uses diamond drill bit to probe expanding gold system |
As the price of gold continues to recover lost territory, Surefire Resources has wrapped up a five-hole diamond drilling program at the company’s Yidby gold project in the Murchison district of WA’s Mid West. The campaign was designed to reveal structural and lithological information as the explorer looks to home in on the project’s broad gold mineralisation and localised high grades. The drill core has been transported to a laboratory in WA and is currently under the geological microscope. |
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BMG diamond drill program extends strike at Wiluna gold project
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BMG Resources has extended the mineralised footprint of its Abercromby gold project near Wiluna out to 1.3km after receiving assay results from the company’s recent diamond drilling campaign. Assay highlights include a 5.56m hit at 3.5 grams per tonne gold from 400m whilst a second hole recorded a 6m intercept going 2.79 g/t gold from 171m. |
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Blackstone pilot delivers battery-grade nickel, cobalt
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Blackstone Minerals has validated its process for the company’s proposed Ta Khoa nickel refinery project in Vietnam after its metallurgical test work program was successful in producing battery-grade nickel and cobalt sulphates in addition to processing third-party cobalt supply. The findings come from batch test work and commissioning of piloting equipment completed in August as part of a definitive feasibility study into the company’s Ta Khoa nickel project and its namesake refinery. |
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High-grade hit excites Kalamazoo at Pilbara gold project |
Kalamazoo Resources has received encouraging results from its maiden RC drill program at its Mallina West project in the Pilbara region of WA including a 1m hit at 10.35 grams per tonne gold from 99m. The company says its 23-hole campaign across 2434m was designed to test several high-priority targets within the Wattle Plains and Hockey prospects in addition to an interpreted geophysical intrusion. |
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Askari bags high-grade lithium samples
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After an initial phase of reconnaissance, Askari Metals has uncovered high-grade spodumene-hosted lithium within extensive pegmatites at the company’s recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. Results up to 2.1 per cent lithium oxide were returned from 196 rock chip samples collected as part of the company’s due diligence evaluation of the advanced project. |
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Maiden hole delivers for Lithium Energy in Argentina
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Battery metals explorer Lithium Energy has upped the ante in Argentina tabling 235m of cumulative brine mineralisation in a maiden drill hole at its flagship Solaroz project. The company has hailed the discovery as a significant achievement and pointed to the zone's high initial grades, positive flow rates and low magnesium content as positive indicators of the area’s potential for a significant resource. |
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White Cliff targets core assets after WA rare earths project sale |
Following rolling success across its reinvigorated battery metals and rare earth-focused portfolio, White Cliff Minerals has offloaded its non-core Gardener Dome rare earths project in WA to ASX-listed explorer Black Cat. The transaction will see the company pocket a non-refundable deposit of $5,000, followed by $45,000 in cash and $150,000 worth of fully paid ordinary shares in Black Cat upon the deal's completion. |
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