EDITION #218
Perth, Western Australia - Friday November 25, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Codrus soars on rare earths, niobium project pick-up
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It seems the combination of both rare earths and niobium is making the market meerkats sit bolt upright at the moment. WA1 Resources’ stock price ran over 2000 per cent after it made a major rare earths and niobium discovery recently and Codrus Minerals' share price tripled today after it announced it has its foot on a new project that has solid hints of rare earths and niobium. |
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ABx tables maiden 3.94m tonne rare earths resource
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Diversified metals company ABx Group has tabled a maiden 3.94 million tonne rare earths resource at its Deep Leads – Rubble Mound channel area within its northern Tasmanian portfolio. The inventory offers an average total rare earths oxide grade of 918 parts per million and ABx expects the asset’s footprint to balloon from more drilling next year. |
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Pan Asia drilling extends strike at Thailand lithium project
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Pan Asia Metals has extended the depth and length of strike of the mineral resource at its Reung Kiet lithium project in Thailand following positive results from step out and infill drilling at the site. The South-East Asia explorer says it is on track to deliver its predicted 10,000 tonnes per annum of lithium carbonate equivalent over 10 years from the project once it begins production. |
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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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High-grade hits continue for Kaiser Reef at Victorian gold mine
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ASX-listed Kaiser Reef has extended the mineralisation depth of its A1 underground gold mine in Victoria to around 115m below the current decline face with assays including a 0.4m hit at 69 grams per tonne gold from 229.4m. The gold miner says the targeted drilling area represents one of the most under-drilled portions of the A1 dyke as evidenced by its lack of any historical stoping. |
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Infinity enhances WA lithium footprint with acquisition
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ASX-listed explorer Infinity Mining has beefed up its portfolio with the acquisition of a 250 square kilometre land parcel prospective for gold and lithium in the Pilbara region of Western Australia. The company says several tenements within the package are contiguous to its Tambourah South lithium project where a recent rock chip sampling program returned grades of up to 2.6 per cent lithium oxide. |
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Mt Malcolm delivers high-grade gold in Leonora drilling probe
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Explorer Mt Malcolm Mines has wrapped up its recent RC drilling probe at its Dumbarton prospect in WA’s eastern goldfields after bagging a plethora of encouraging hits peaking at 1m grading 10.6 g/t gold from 31m. The company peppered 14 holes around the historical high-grade Dumbarton workings that coughed up 210 ounces at an average grade of 16.88 g/t gold. |
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Aruma notches up more WA lithium hits at Mt Deans
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Aruma Resources’ latest foray with the drill bit at its Mt Deans project in WA’s goldfields has come up trumps after latching onto more high-grade lithium and rubidium within lepidolite-rich pegmatite veins. Assay results from the first two holes in the 21-hole program returned 7m at 2.03 per cent combined lithium-oxide and rubidium-oxide. |
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Westgold investigates production increase at Cue gold mine
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Westgold Resources plans to expand its Big Bell gold mine near Cue after phase 1 of production saw the site lift productivity from a planned 88,000 tonnes per month up to an expected 102,000 tonnes a month. The company says Big Bell has performed consistently since the start of the financial year and can now sustain the 1.4mtpa Tuckabianna processing plant in isolation with the addition of minor volumes of top-up surface stockpiles. |
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Emu spins drill bit in maiden RC campaign at Viper
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On the back of a promising auger drilling program and electromagnetic survey, minerals explorer Emu NL is spinning the drill bit in its maiden RC campaign at its Viper project in WA’s South West. Viper comprises a 45sq km lease about 8km north-east of Jerramungup and Emu’s campaign will comprise 600m of shallow drilling to a maximum depth of 150m. |
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Earn-in deal almost doubles Paris gold project for Torque
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Torque Metals has increased the footprint of its Paris gold project near Kalgoorlie after completing an 80 per cent earn-in of Jindalee Resources’ adjacent 75 square kilometre Maynard’s Dam prospect. The gold explorer and Jindalee entered into a joint venture for the prospect in April 2020. As part of the deal Torque could earn up to 80 per cent interest in the tenements by spending $200,000 on exploration of the site within three years. |
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Aurumin expands Sandstone gold footprint with Westar purchase
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Aurumin has increased its potential gold footprint by entering into a binding heads of agreement with Westar Resources to purchase the historical Birrigrin mining centre, 70km north of its Sandstone operations. The Birrigrin tenements contain 39 mapped shafts dating back to the early 1900s with recorded production grades up to 196 grams per tonne gold, however the site remains largely untested at depth by drilling. |
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Tietto eyes December gold pour after commissioning crusher
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West African gold developer Tietto Minerals is ramping up construction work at its fully funded 3.45-million-ounce Abujar gold project in Côte d’Ivoire, commissioning a crushing circuit and building a crushed ore stockpile at the site. The company is eyeing a maiden gold pour later this year and is now looking to cut the ribbon on the rest of the operation’s processing equipment. |
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Cazaly unveils maiden Kimberley copper mineral resource
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Cazaly Resources has tabled a handsome maiden mineral resource estimate at its Bommie copper prospect near Halls Creek totalling 95.6Mt at 0.27 per cent copper with the resource envelope open in all directions. The resource estimate follows a successful season with the drill bit where the company has etched out a shallow copper-porphyry system over a strike 950m long and up to 600m wide. |
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Accelerate confirms large pegmatites at Pilbara lithium project
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Accelerate Resources has identified numerous significant pegmatite outcrops at its wholly owned East Pilbara lithium project including four large bodies striking at least 300m and between 20m and 40m wide. A total of 14 smaller pegmatite outcrops were also highlighted from a maiden sampling program covering one third of the company’s Mount Creek project that forms part of the East Pilbara tenements near Marble Bar. |
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Ardea scores high with ESG rating
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An independent panel of globally recognised Environmental, Social and Governance experts have awarded ASX-listed Ardea Resources an overall ESG rating of BBB on both the corporate level and for their renowned Kalgoorlie nickel project. For an emerging development company BBB is a noteworthy outcome and management is keen to improve the rating to AAA as the company grows. |
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Earthworks clear way for Classic 2023 gold production
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ASX-listed Classic Minerals is forging ahead with earthworks for its tailings storage facility after its Kat Gap project in WA’s Goldfields received the green light from the State regulator earlier this month. The final approvals bring Classic a step closer to its goal of evolving from explorer to producer and it’s going full-steam ahead for a prompt completion of that journey. |
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International Graphite targets production after plant order |
International Graphite is moving quickly to establish itself as a commercial producer of battery anode material after ordering a micronising qualification scale plant to be installed at its downstream pilot processing hub in Collie, Western Australia. The company says the equipment grants it the control necessary to secure customer sales agreements and ultimately transform its pilot plant into a commercial scale facility. |
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Alto bags high grade gold hits in latest drill blitz |
Explorer Alto Metals has expanded its golden footprint to over 2.5km at its Indomitable prospect near Sandstone in Western Australia. The latest results from its 60,000m RC drilling program pulled up 25m going 7.5 g/t gold from 41m. The company’s drilling blitz is designed to grow its 635,000 ounce gold resource with an updated mineral resource estimate slated for the first quarter of 2023. |
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