EDITION #215
Perth, Western Australia - Friday November 18, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Expert predicts meteoric price rise for lithium |
Internationally recognised lithium expert Joe Lowry expects the price of battery quality lithium carbonate to continue its upward trajectory into 2027 before hitting highs of US$97,000 per tonne as the supply and demand curve starts to invert. Speaking at this year’s Lithium Update by the Experts at Perth’s Hyatt Hotel, Lowry dubbed lithium the “irreplaceable element” in the new energy transition and says the balance of power in the industry has switched from China to Australia and South America. |
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Empire hits record drill interval at Beetaloo gas well
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Empire Energy has shattered another record in the Beetaloo sub-basin with a 2632m horizontal section of its Carpentaria-3H gas well in the Northern Territory cementing itself as the longest well section drilled in the zone to date. The company says over 90 per cent of its latest interval penetrated the hydrocarbon-rich Velkerri-B shale formation where strong gas shows were observed. |
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Emu surges 60 per cent on rare earths land grab
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Shares in ASX-listed mineral explorer Emu surged 60 per cent during intraday trading after it lodged applications to extend its prospective Condingup project to an overall tenement area of 734 square kilometres. The company has also applied for another three new tenement packages in the broader area totalling a further 304 square kilometres. The latest land grab will substantially increase Emu’s exposure to rare earths by capturing more of the prospective Booanya granites. |
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Tune in to Flashpoint each Sunday morning on Channel 7 at 10am to watch Bulls N' Bears MD Matt Birney talk about the ASX stocks that have run hardest for the week ... AND WHY! |
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NT Gov gives green light to Arafura for rare earths plan
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Arafura Rare Earths’ shovel-ready Nolans project, touted as Australia’s first vertically integrated rare earths operation, has moved a step closer to realisation with the Northern Territory Government handing approval to its mining management plan. The company says work on the neodymium-praseodymium mine and processing facility, estimated to be worth between $2.4 billion and $4.2 billion, could start early next year. |
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Surefire scores top marks in metallurgical gold test
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Surefire Resources has achieved excellent gold recoveries of between 97.6 per cent and 99.5 per cent from gravity and cyanide leach tests on samples from the company’s Yidby gold project in the Murchison district of WA’s Mid West. The metallurgical test work was designed to provide greater insights into Surefire’s potential overall gold recovery and processing options for the project. |
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Analysis unearths new geology for Kula near Southern Cross
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A technical review of Kula Gold’s drilling data from its Boomerang kaolin prospect has identified the potential for the area to host lithium mineralisation in addition to gold, copper, nickel and PGE targets. The company extended its RC drill holes into fresh rock at the site where the company struck a 1m intersection at 2.6 grams per tonne gold below the kaolin mineralisation at its Ballantine-White Gold prospect near Southern Cross. |
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Ardea makes nickel cobalt processing breakthrough
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Ardea Resources has made a processing breakthrough with bench-scale metallurgical test work on ore samples from the company’s proposed Kalgoorlie nickel project Goongarrie Hub in the Goldfields region of WA. Ardea’s new lab results suggest the company could process an additional 200,000 tonnes of feed grading 1 per cent nickel per annum by matching the project’s various mineralisation styles to its proposed processing circuit. |
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Torque set for fifth drill campaign at Kalgoorlie gold project
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Torque Metals will begin a fifth phase of drilling at its flagship Paris project near Kalgoorlie where it will target extensions of high-grade gold deposits at the company’s Paris, HHH and Observation prospects. The 4500m RC campaign will investigate the potential link between the three prospects where significant gold anomalies have been identified from historical drilling, geological models and machine learning algorithms. |
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Classic Minerals clears final hurdle to gold production
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WA-focused gold explorer Classic Minerals has received final approval from the state regulator to produce gold from the company’s flagship Kat Gap project south of Southern Cross in WA. The company says over the coming months it will move from a pure explorer to gold producer. Classic intends to take a staged mining approach at Kat Gap as it looks to reduce early overhead costs and mitigate risk. |
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Valor pinpoints high priority Canadian uranium targets
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Valor Resources has successfully deployed radon-in-soil surveys at its Hidden Bay uranium project and identified priority targets located close to the historic Rabbit Lake mine in the Athabasca Basin, Canada. The surveys were designed to follow up on prospective targets previously identified by the company. The area of interest is situated close to the Athabasca unconformity with the potential for both basement-hosted and Athabasca sandstone-hosted uranium deposits. |
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Antilles hits 134m going 1.23 per cent Cuban copper
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Cuba-focused mineral explorer Antilles Gold has received copper assay results from a further two holes of a six-hole diamond drilling program at the company’s El Pilar copper-gold project. A single hole delivered a standout 134m intercept grading 1.23 per cent copper from 49m and confirms the explorer’s exploration model. With its newly identified mineralisation still open at depth, the company plans to wheel in the drill rig for another 15,000m drilling program following a geophysical survey. |
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Early drilling buoys Lindian at Malawi rare earth project
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Lindian Resources is off to a promising start with early samples from its maiden drill program at the Kangankunde rare earths project in Malawi showing continuous visible monazite from surface to current depth. The company says monazite is the rare earths bearing mineral Lindian is targeting at the project and mineralisation is consistent with expectations indicated from surface mapping. |
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Cazaly gets boots on ground in Namibian lithium hunt |
Cazaly Resources is set to ramp up field work for its Namibian lithium-hunt with a soil geochemical survey set to kick off next week at its Kaoko project. The survey will infill a large lithium-in-soil anomaly stretching over 12km with historical values peaking at 251ppm lithium. The region is considered prospective for sedimentary-hosted lithium mineralisation. |
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White Cliff chases WA rare earths with geophysical play |
White Cliff Minerals has commenced a high-resolution magnetic and radiometric survey at its Yinnetharra lithium and rare earths project about 100km north-east of the Gascoyne Junction in WA. Previous rock chip sampling at the site has returned grades of up to 924 ppm total rare earth oxides and the in-progress geophysical campaign is aimed at refining and generating new targets at the site. |
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ENRG defines new uranium exploration target in Niger |
After pouring over the results of historical drill hits, identifying likely zones of mineralisation and reviewing the geological setting of nearby projects ENRG Elements has tabled a 90 to 130 million pound exploration target grading between 300 to 400 parts per million triuranium octoxide at its Agadez uranium project in the West African nation of Niger. |
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