EDITION #228
Perth, Western Australia - Friday January 13, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Everest to acquire advanced WA gold project
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Everest Metals Corporation has hailed a new agreement to earn up to 100 per cent in the advanced Revere gold project north-east of Meekatharra in WA as a transformational opportunity for the company. Everest, formally known as Twenty Seven Co pointed to the zone’s historical production, significant gold-copper potential and clear runway to establishing a JORC compliant resource as key merits in the acquisition. |
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Westgold sets production record at Bluebird gold mine
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Westgold Resources continues to break records after producing more than 110,000 tonnes at 3.47 grams per tonne gold for the second quarter of the 2023 financial year at its Bluebird mine near Meekatharra. The latest figures build on the company’s record production of 90,588 tonnes at 3.2 g/t gold at the Bluebird underground mine in the first quarter of the financial year. |
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Aruma shares soar after lithium-rubidium assay results
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Shares in Aruma Resources soared more than 50 per cent higher during intraday trade after the company confirmed a string of impressive assay results from recent drilling at its Mt Deans project near Kalgoorlie with 12 strikes grading more than 1.5 per cent lithium-rubidium. The results sent the company’s share price on a tear to an intraday high of 8.2c from a previous close of 5.3 cents on the highest daily trading volume in nearly a year. |
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Mineral Commodities appoints CFO as interim CEO
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Graphite and mineral sands player Mineral Commodities has welcomed Chief Financial Officer Adam Bick as its interim CEO effective immediately after former Managing Director and CEO Jacob Deysel stepped aside for personal reasons. Deysel will continue to support the company’s five-year strategic plan to vertically integrate itself into the battery and heavy mineral sectors in an advisory role. |
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CZR locks in mining approval for Pilbara iron ore deposits
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CZR Resources is a step closer to production at its Robe Mesa iron ore project after receiving mining approval from the Department of Mines, Industry Regulation and Safety for two of the site’s key deposits. The approval has been granted for the company’s Robe Mesa and P529 deposits that respectively sit north and south of Rio Tinto’s Mesa F project around 120km from Karratha in the Pilbara region of WA. |
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Fresh assays boost Surefire vanadium resource
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New assays from RC drilling at Surefire Resources' Victory Bore deposit in WA’s Mid West have delivered extensive vanadium mineralisation the company says could rate it amongst the country’s best. The work follows the discovery of three parallel mineralised lodes including broad intercepts of up to 56m at 0.48 per cent vanadium oxide with Surefire looking to build on the site’s already monstrous 151 million tonne resource. |
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Classic buoyed by high-grade gold assays at Kat Gap
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Classic Minerals has received high-grade results from extensional drilling at its flagship Kat Gap gold project in the Goldfields region of WA as the company moves steadily closer to production at the site. Assay highlights include a 6m section going a solid 12.12 grams per tonne gold from 70m including a 1m hit at an impressive 51.1 g/t gold from 70m whilst a second hole returned a 10m intercept grading 9.26 g/t gold from 57m including 3m recording 28.3 g/t gold from 70m. |
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Mount Ridley back on the rig in Esperance rare earths hunt |
Mount Ridley Mines is preparing to fire up an air-core drilling campaign at its namesake rare earth elements project near Esperance, WA in a bid to allow JORC-compliant resource estimates to be completed. The Nedlands-based explorer has approvals for drilling at all eight of the project’s prospects and now plans to expand targets of known REE mineralisation while simultaneously advancing metallurgical work. |
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Adriatic nails massive sulphides near Bosnian deposit
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Adriatic Metals has unearthed another batch of thick, high-grade massive sulphide mineralisation at its Rupice Northwest orebody - an extension of its Rupice multi-commodity deposit in Bosnia and Herzegovina. Diamond drilling at the site returned a broad 45.9 metre hit going 701 grams per tonne silver equivalent about 225m north-west of the company’s 12 million tonne resource grading 149 g/t silver, 1.4 g/t gold and 4.1 per cent zinc. |
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Empire scores fracking success in NT gas well
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Empire Energy has wrapped up a successful round of hydraulic stimulation at its Carpentaria-3H gas well in the Northern Territory’s revered Beetaloo sub-basin. According to the company the program’s total outlay of $17.3 million is roughly $3.6 million under its initial projections and is delivering results across each of the 40 planned stages of a 1989m section of the horizontal well bore. |
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Strickland drilling discovers new Millrose gold structure |
Strickland Metals has identified a new structure at its Millrose gold project near Wiluna highlighting the possibility of a secondary high-grade deposit after receiving final assays from its 2022 drill campaign. The company says the recently identified Millrose West structure located about 200m west of the main Millrose deposit is open to the north and south and is traceable using geophysics data over around 5km. |
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Coda goes high-tech to define SA copper deposits
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Coda Minerals has deployed cutting-edge technology at its Emmie Bluff iron oxide-copper-gold and copper-cobalt deposit as it aims to define thickness and structure of the mineralisation at the SA site. The company has commenced an Ambient Noise Tomography survey that is designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of IOCG mineralisation close to Emmie deposits. |
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