EDITION #220
Perth, Western Australia - Friday December 02, 2022
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Maximus books 78 per cent increase at WA gold resource
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Maximus Resources has tabled a massive 78 per cent increase to the gold resources at its Redback deposit, part of the larger Wattle Dam Gold project in WA. The boosted inventory now tips the scales at 1.24 million tonnes grading 1.6 grams per tonne for 76,500 ounces of contained gold. The elevated figures also triggered a healthy upturn in the deposit’s confidence factor with 24 per cent of its resources now in the indicated category. |
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ADX secures farm-in funding for Austrian gas play
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ADX Energy has secured farm-in funding to drill its Welchau gas prospect in Austria after investment group Kepis & Pobe committed to fund up to 50 per cent of the program’s well costs in exchange for a 20 per cent stake. The Welchau-1 well is envisioned to cost $5.9 million whilst the larger prospect area is being tipped by ADX to host a resource of 807 billion cubic feet of gas. |
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St George strikes lithium MOU with cornerstone investor
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St George Mining has entered into a memorandum of understanding with Shanghai Jayson New Energy Materials to pursue lithium business opportunities based on the potential of the explorer’s Mt Alexander project. According to the agreement, the two companies will establish a strategic partnership to consider working together on investment and offtake opportunities at Mt Alexander where St George has discovered high-grade lithium-bearing pegmatites along a 15km corridor near Leonora. |
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Hot Chili doubles down on South American copper play
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Hot Chili has completed another land grab in South America, picking up seven new tenements for 757 hectares that have extended the boundaries of its Cortadera copper-gold discovery in Chile. The purchase is hot on the heels of an adjacent acquisition yesterday that landed it a five-piece package of prospective copper ground flanking the western rim of Cortadera. |
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CZR knuckles down for Pilbara gold hunt
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Multicommodity explorer CZR Resources is ramping up its gold hunt in the Mallina Basin, home to DeGrey’s 8.5-million-ounce gold discovery, in Western Australia’s Pilbara goldfields. The company has commenced a ground gravity survey at its Croydon project targeting intrusion-related gold mineralisation where previous drilling has unearthed 8m running at 10.2 g/t from 135m. |
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Water pipeline approved as Classic nears gold production
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Classic Minerals has received approval to build a key piece of infrastructure for its gold processing plant at the company’s Kat Gap project in the Goldfields with a water pipeline getting the green light. The water bore is located near the main haul road 1100m from the processing plant that will simplify the pumping process. The pipeline will be placed above ground so limited additional infrastructure will be required. |
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Soil sampling unearths Chilean copper for Southern Hemisphere
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Southern Hemisphere Mining has uncovered a copper anomaly in the southern area of the company’s Llahuin project in Chile after peak values of 0.19 per cent were highlighted from a recent soil sampling campaign. The latest discovery bears similarities to the previously identified central porphyry system at the project. The recent work has been in an area that is yet to be drilled however is understood to be part of a larger magnetic anomaly. |
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Latin boosts WA kaolin-halloysite resource
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Latin Resources has tabled a hefty 33 per cent increase to the mineral resource estimate at its Cloud Nine kaolin-halloysite project near Merredin in Western Australia with the figure now clocking in at 280 million tonnes with an ISO‐B of 80. The company says the asset is amongst the nation’s largest underdeveloped plays of its kind and is now looking to lock in offtake agreements. |
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Kula heads to the skies to explore Southern Cross project
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ASX-listed Kula Gold has ramped up exploration of its wholly-owned Westonia nickel-PGE-gold project near Southern Cross with an airborne electromagnetic and magnetic survey now underway across the site. The company says the survey aims to refine drill targets after Kula discovered PGE and gold anomalisms from its recent augur drill program. The survey will consist of 417-line kilometres spread with a focus on a southern tenement of the project. |
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Empire eyes fracking of new NT gas well
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ASX-listed Empire Energy has kicked another goal in the Beetaloo sub-basin after casing and cementing the horizontal section of its Carpentaria-3H gas well in the Northern Territory in just 2 days. The play sets the asset up for a December reservoir fracking program where the company will look to harvest some of the zone’s 500 trillion cubic feet of gas. |
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Drill results add two prospects to OD6 rare earths project
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OD6 Metals has confirmed widespread, thick and high-grade clay hosted rare earth elements at its Splinter Rock project near Esperance after receiving the final assays from its recently completed drill campaign. The company says its latest assay results show high values of neodymium and praseodymium at an average of 19.1 per cent of the total grades of rare earths oxide in addition to heavy rare earth oxides representing an average of 14.4 per cent of the total grade. |
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Lithium Energy graphite boasts battery-grade potential |
Lithium Energy says test work by the CSIRO on graphite from its uber high-grade Burke project in North Queensland suggests the material has a big future in the production of lithium-ion battery anodes. The company has tabled results from the program which yielded an unoptimised purification grade of 99.94 per cent total graphitic carbon, a figure just shy of the typical industry requirement of over 99.95 per cent TGC. |
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AVZ nails more high-grade Congolese lithium
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AVZ Minerals has delivered a suite of broad lithium intersections including 144.5m at 1.75 per cent from 13.5m and 172.3m going 1.57 per cent from 48.5m at its monster Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. Four more extensional diamond drill holes have been knocked over during a probe at its centrepiece Roche Dure deposit as the company looks to bolster its battery metal inventory. |
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Cuban project delivers more high-grade gold for Antilles
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Antilles Gold has returned more high-grade gold assays from its latest 1800m drill campaign at the company’s El Pilar project in central Cuba including a 55m hit at 10.92 grams per tonne gold from 12m. The impressive 55m section includes an 18.4m intercept going 14 g/t gold from 45m whilst a second hole produced 8m at 5.74 g/t from the surface. |
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Noronex eyes copper riches at Namibian project
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Noronex is the latest Australian company to test a highly prospective copper belt sitting deep under the famed Kalahari Desert sands. The Perth-based explorer will launch a new drill campaign imminently to target a key structure in the region. The company says its tenements contained about 300km of strike length and the exploration program will target a formation where much of the region’s copper deposits occur. |
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