EDITION #217
Perth, Western Australia - Wednesday November 23, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
RIU Conference to focus on next big ASX discovery |
The next big discovery will be the focus of this week’s RIU Resurgence Conference where a host of ASX-listed companies will promote their activities to an investor audience across a two-day event in Perth. Hosted by Vertical Events, this year’s presentations include a diverse group of ASX-listed companies with a variety of portfolios from emerging battery technologies to the latest in resources exploration around the world including lithium, gold, rare earth elements and more. |
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Galan delivers more stellar Argentinian lithium results |
Further flow rate pump test results from Galan Lithium’s Hombre Muerto West lithium brine project in Argentina are believed to support the company’s ambitions to ramp-up pilot plant production to 4ktpa lithium carbon equivalent. With work progressing at a breakneck pace on multiple fronts, Galan is set to ring in the new year by delivering on its definitive feasibility study by the end of the first quarter. |
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Tietto set to boost 3.45M ounce gold resource with new probes
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West African gold developer Tietto Minerals is looking to boost its inventory at the company’s 3.45 million ounce Abujar project in Côte d’Ivoire by working the drill bit across a host of targets outside of its existing resources. The company has shifted about 87,000m of dirt this year using its fleet of eight rigs and plans to plough about 15,000m more ahead of a new year resource update. |
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Watch Bulls N' Bears on Flashpoint |
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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American West unlocks new copper targets after geophysical play
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American West Metals has unveiled a suite of new targets at its Copper Warrior project in Utah, USA after completing an induced polarisation survey at the site. The company says one of the anomalies tips the scales at 850m x 570m and returned grades as high as 3.3 per cent copper in geochemical sampling. |
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Historical review unveils fresh NSW copper for Godolphin |
Godolphin Resources has identified new mineralisation at its Yeoval copper-gold prospect near Orange in NSW after a review of historical drill core pulled by a previous explorer in 2008. The company says its review of a pair of legacy samples unveiled visible copper sulphide mineralisation outside of the operation’s existing 12.8 million tonne resource. |
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Alto onto RC drilling at historic WA gold mine
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Gold explorer Alto Metals has launched a 2000m RC drilling program at its Sandstone gold project in WA’s East Murchison region. The campaign is targeting mineralisation around the historical Oroya mine. Underground mining at Oroya once produced 220,000 ounces at 16.5 grams per tonne gold in the early 1900’s whilst a switch to open pit work in the mid 1990’s delivered an additional 25,000 ounces at 2.3 g/t gold. |
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Estrella set for nickel bulk sample after Glencore deal
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Estrella Resources has signed an offtake and ore processing agreement with Glencore subsidiary Murrin Murrin Operations for 2000 to 4000 tonnes of bulk metallurgical sample from its 5A nickel mine near Kambalda. The company says a positive process outcome from the bulk metallurgical sample will give Estrella a strong base from which to fully develop the 5A nickel mine using simple pit cutback methods. |
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Blackstone closes in on more Vietnam nickel
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After a round of infill drilling Blackstone Minerals has confirmed high grades of up to 4.3 per cent nickel, 4.73 per cent copper and 18.2 grams per tonne platinum group elements at the company’s Ta Khoa nickel project in Vietnam. The assays come from the company’s recently completed campaign of resource definition drilling at the project’s King Snake massive sulphide vein deposit. |
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Arafura secures access authority for NT rare earths project
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Arafura Rare Earths has ticked another box as the company works towards construction of its Nolans project in the Northern Territory with the Department of Industry, Tourism and Trade granting access authority. The company has now secured access from the Stuart Highway to all areas of the Nolans neodymium-praseodymium project. |
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Tambourah spies further potential pegmatites
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Tambourah Metals has identified further potential LCT-type pegmatites after analysing hyperspectral data from the company’s Russian Jack lithium project in WA’s Pilbara region. The analysis has lit up a number of features in similar orientations to known pegmatites at the project. In addition, Tambourah’s newly identified features lie within the Bonney Downs Monzogranite that is part of the Split Rocks Supersuite which is known for hosting pegmatites. |
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Venture adds second rare earths hit to Tasmanian tin asset
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ASX-listed Venture Minerals has got the drill bit spinning at a new, high-priority rare earth and tin target at its flagship Mount Lindsay project in Tasmania after discovering a 1200m long soil anomaly at the site. The company has coined the prospect “Cruncher” and says it is laden with elevated doses of praseodymium and neodymium, materials critical in the construction of electric vehicles and wind turbines. |
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Toro confirms gold at Wiluna nickel project
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Geochemical assays have confirmed a significant gold intersection for Toro Energy about 80m north of where the company originally hit massive nickel sulphides at its Dusty project near Wiluna in WA. Diamond drilling struck a 4m intersection at 1.4 grams per tonne gold from 188m including a 2m hit going 2.2 g/t from 188m. The company says the latest result confirms the gold prospectivity of the site. |
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Askari kicks off African lithium drill program
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Askari Metals has kicked off a phase 1 3500m RC drilling campaign at the company’s recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. The initial phase is part of an overall 10,000m campaign designed to test high-grade lithium rock chip results of up to 3.1 per cent lithium oxide. The main target area will be less than 2.5km along strike from an operating battery metals mine. |
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CZR drilling unlocks WA iron ore outside current resource |
55 RC holes plunged across the northern bank of CZR Resources’ Robe Mesa iron ore project in WA’s Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation’s current 37.5 million tonne resource and underlines the venture’s development upside. |
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Coda paves way for SA copper mine
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With a positive mining study Coda Minerals has unveiled a viable pathway to steady-state production of 2.5 million tonnes per annum at the company’s Elizabeth Creek copper project in South Australia. The mining assessment forms part of a broader scoping study and is centred around underground mining of the project’s cornerstone Emmie Bluff copper-cobalt deposit whilst also proposing open pit extraction at satellite deposits to rapidly achieve nameplate production. |
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Test work buoys Pan Asia at Thai lithium project |
Pan Asia Metals says test work on its feedstock has shown the company can expect to see a reduction in both capital and operating expenditure when processing ore at its Reung Kiet lithium project in Thailand. Final assays from test work by Pan Asia have confirmed the company can almost double the lithium grade of its sorted product from the original feedstock. |
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Ardea turns its attention to critical mineral exploration
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Ardea Resources has laid out exploration plans for critical minerals across its 4200-square-kilometre portfolio that includes the company’s Kalgoorlie, Perrinvale and Bedonia nickel projects in WA’s Eastern Goldfields. Whilst the focus has been on developing the company’s world-class Kalgoorlie nickel project Ardea will also be evaluating its ground for potential to hold multiple minerals. |
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