Perth, Western Australia - Friday December 23, 2022
Brightstar and Kingwest merger to consolidate gold assets
Goldfields explorers Brightstar Resources and Kingwest Resources have agreed to merge in a move to consolidate the gold assets of each company and bring their combined operations a step closer to production. The agreement has been made through a scheme of arrangement under which Brightstar will acquire 100 per cent of the shares in Kingwest.
Auric confirms nickel anomalies at Chalice West
Auric Mining has recorded multiple nickel intercepts from its latest drilling program at the company’s Chalice West project that it says shows potential for nickel sulphide mineralisation at the site. The explorer has already identified a 7km magnetic feature linked with anomalous rare earths in addition to a 5km strike length gold anomaly at the project 50km from Norseman.
Kairos finds tantalum riches in WA lithium, gold search
Kairos Minerals has struck rich tantalum deposits going as much as 2143ppm during a lithium-caesium-tantalum pegmatite-focused drill campaign at its Mt York gold project next to Pilbara Mineral’s Pilgangoora lithium mine. The results further a possibility to extract more than just gold from the 1.1-million-ounce resource in the mineral-rich region.
Classic rolls up sleeves to build gold plant over Xmas
Classic Minerals will keep working over Christmas to bring its Kat Gap processing plant to life as it races toward production from the 93,000-ounce project south of Southern Cross near its Forrestania deposits. The company has its finances secured and hopes to bring the project online as soon as possible in the new year.
CZR seals native title deal for Pilbara iron ore mine
CZR Resources and the Robe River Kuruma people have signed a deal which will see country protected, jobs and other benefits flow to Traditional Owners whilst also smoothing the approvals process for future mining of iron ore. The deal comes hot on the heels of a consortium agreement to export iron ore out of Onslow, new tenement acquisition and mineral resource boost at the Robe Mesa project.
Rock chips boost scale of Valor uranium target
Valor Resources has scooped up a suite of high-grade uranium rock chips that have extended the surface mineralisation of a key drill target to a strike length of around 500m at its Surprise Creek project in Canada. The program yielded six samples grading over 1 per cent uranium oxide with anomalous copper and was headlined by a specimen running 7.98 per cent.
Xanadu locks in gas supply deal for Mongolian copper project
Xanadu Mines has signed a non-binding gas offtake memorandum of understanding with Jade Gas Holdings for commercial gas sales to power the copper explorer’s Kharmagtai project in Mongolia. The deal is designed to secure a reliable, low cost and cleaner energy source for Xanadu’s Kharmagtai copper-gold project using gas from Jade’s TTCBM project only 80km away.
Lithium Energy wraps up latest graphite drill campaign
Assays are on their way to the lab from Lithium Energy’s latest 2300m RC drill campaign at its Bourke graphite project in outback Queensland as the company seeks to better define its potentially high-grade resource. The project has an inferred 6.3Mt resource going at 16 per cent total graphitic carbon, with a higher 20.6 per cent grade contained within.
Infinity Mining extends stay at WA project
Infinity Mining has been granted a five-year extension to an exploration licence that is part of the company’s Panorama project in the Pilbara region of WA.  The extension also includes two other adjoining tenements and has a new expiry date of 20 November 2027. Future exploration of the project is currently being planned with data to come from an earlier helicopter electromagnetic survey.
Asra eyes future revenue with strategic WA land deal
Asra Minerals has set up future revenue streams and a carbon credit plan in the Goldfields after completing the 100 per cent free equity ownership of its Tarmoola Pastoral Station about 25km northwest of Leonora in WA. The tenure takes in a massive 170,000-plus hectare ground position and provides the company will a host of new revenue streams including accommodation, cattle sales and a carbon credit plan.
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