EDITION #229
Perth, Western Australia - Wednesday January 18, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Dynamic hits ASX with massive Kambalda-Norseman land position
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Dynamic Metals hit the boards at the ASX today after spinning out of Jindalee Resources with a mass of tenements that stretch from Kambalda to Norseman in one of the richest mineral provinces in the country. Whilst the region is well known for its gold and nickel endowment, Dynamic already has one eye on the lithium potential of its tenements that wash through a region that already plays host to a number of serious lithium discoveries. |
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Tietto pours first gold at West African project
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Tietto Minerals has become the latest ASX-listed gold producer having poured an initial 12.89kg or 414 troy ounces at its 3.45-million-ounce Abujar project in Côte d’Ivoire, West Africa. The milestone marks a remarkable run of success for the West African gold producer which, quite incredibly achieved the feat just 12 months after breaking ground on the construction zone of the site’s open pit mine and processing plant. |
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Arafura signs international financier for Nolans rare earths project |
Perth-based Arafura Rare Earths has completed another piece of the jigsaw to get its ambitious $2.4 billion Nolans rare earths project in the Northern Territory up and running by signing up a leading international project financier. KfW IPEX-Bank, a subsidiary of state-owned German bank, will join Société Générale and National Australia Bank as a “mandated lead arranger” to organise debt financing. |
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Lode strikes more high-grade silver in NSW |
Lode Resources has racked up another string of shallow silver intercepts at its Webbs Consol project in NSW including 2.0m grading an impressive 1005 grams per tonne silver equivalent from 86m. The high-grade hit is housed inside a thick 54m intersection going 304 g/t silver equivalent from only 48m. Further drilling is planned to test mineralisation to depths of 450m. |
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Research and development tax offset boosts Estrella cash balance
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Estrella Resources has filled its coffers to the tune of more than $1 million after receiving a refundable tax offset for research and development expenditure at its Carr Boyd nickel project near Kalgoorlie. In November 2021 the company engaged three nickel experts from the CSIRO to initiate studies on the age, formation and characterisation of the Carr Boyd igneous complex as well as studying the formation and modes of mineralisation at T5, Broonhill, Tregurtha and Carr Boyd mine. |
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Hot Chili to spice up copper play with new probe
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Hot Chili has launched a 10,000m probe of a recently secured land package which straddles the western extension of its massive 417-million-tonne indicated Cortadera copper-gold discovery in Chile, South America. The company plans to evaluate four porphyry targets in the drill campaign and has unleashed both a diamond and RC rig to complete its two-pronged plan of attack. |
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Everest to secure Mid West lithium project
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Everest Metals Corporation has paved the way for a new year battery metals hunt in WA’s Mid West region after announcing its intent to exercise an exclusive farm-in deal to earn a 51 per cent stake in the Mt Edon lithium, caesium and tantalum project. The deal follows a recent due diligence program that yielded encouraging RC drill results of up to 1220 parts per million lithium. |
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Lindian continues rare earth hot streak in Malawi
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Lindian Resources has continued its impressive run of rare earth assay results at the company’s Kangankunde project in Malawi including a massive 300m hit at 2.31 per cent total rare earth oxides from surface. The explorer says all holes completed so far have started and ended in mineralisation with the 300m section including a whopping 124m intersection recording 2.53 per cent TREO from 176m to the end of the hole. |
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Venus eyes drill campaign after positive rare earth samples |
Venus Metals has confirmed the presence of rare earth elements at its Marvel Loch East project with results from rock chip samples returning grades of up to 4365 parts-per-million total rare earth oxides. The company recently collected a total of 38 rock chip samples and 93 historical drill spoil samples from the operation near Southern Cross in the Goldfields region of WA with one spoil sample recording a grade of more than 3000ppm TREO. |
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Galan Lithium confirms high output at Argentinian brine
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After completing a successful round of lithium brine pumping tests at its Hombre West project in Argentina, Galan Lithium has confirmed the high production capabilities at its Pila and Rana del Sal concessions. The program delivered a suite of robust extraction and production chemistry data that bodes well for the company’s soon-to-be-completed definitive feasibility study which aims to evaluate production at the site. |
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Cazaly highlights 50km rare earth trend at Pilbara project |
ASX-listed Cazaly Resources has identified a major trend of rare earths that coincides with anomalous historical results at the company’s Ashburton project in the Pilbara region of WA. The explorer says a 50km long thorium anomaly was highlighted across the southern area of the project’s tenements adjacent to the Blair Fault – a deep-seated regional scale structure at the contact between the Ashburton formation and the Capricorn group. |
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White Cliff confirms WA rare earths discovery
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White Cliff Minerals has confirmed the discovery of clay-based rare earths mineralisation at its Hines Hill project in WA after tabling a suite of new results including 3m at 1602ppm from 6m via a maiden 49-hole campaign. The headline strike sat inside a larger 25m intercept running 837ppm TREO from a shallow depth of 6m and was joined by an almost equally impressive 4m parcel grading 1182ppm TREO from 45m. |
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Victory Bore delivers more WA vanadium for Surefire
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The final tranche of assay results from a recently completed RC drilling campaign at Surefire Resources’ Victory Bore project in WA’s Mid-West has dropped through the company’s letter box, confirming even more, massive mineralised widths of vanadium pentoxide to add to what is already an enormous resource. Surefire has also uncovered a new vanadium prospect it has called the Mystery Lode. |
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OD6 kicks off maiden drill program at Esperance project
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OD6 Metals has commenced its maiden drill campaign at the company’s Grass Patch rare earths project near Esperance after recently highlighting target areas at the site using an airborne electromagnetic survey. The 95-hole air-core program has been designed to test regional anomalies with broad spacing in order to plan future work based on grade, thickness and depth of mineralisation. |
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Conico hits high-grade lead, zinc, silver at historical Greenland mine
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Assay results received by Greenland-focused Conico Limited from its 100 per cent owned Mestersvig project have confirmed the quartz veins in the Blyklippen-Sortebjerg, Holberg, and Nuldal faults all host high-grade lead, zinc and silver mineralisation. The results are from a 10-hole diamond drill campaign that targeted vein-hosted zinc-lead-copper-silver mineralisation adjacent to the Blyklippen Mine and 20 rock chip samples taken during 2022 fieldwork. |
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Mt Malcolm eyes mineral resource with deep gold at Calypso |
Mt Malcolm Mines has been rewarded in drilling deep at its flagship Calypso prospect in WA’s Eastern Goldfields with latest assays returning impressive figures and confirming new mineralisation the company is calling the Constance Lodes. Headline figures include 16.21m at 4.01 grams per tonne gold from 343m including 2.37m at 10.72 g/t gold from 351m that itself includes 0.57m at 25.81 g/t. |
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Maiden Kimberley drill campaign delivers for Askari
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Askari Metals has recorded significant copper and gold results from a maiden drill program at its Horry project in the Kimberley region of WA and identified numerous follow-up targets for a second phase of exploration. The company completed 29 RC drill holes for 2096m that confirmed multiple mineralised deposits at its Horry Horse gold target and Mt Dockrell copper prospect. |
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Latin targets resource growth with diamond drill campaign
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Six diamond drill rigs have commenced a fresh drilling campaign at Latin Resources’ flagship Salinas lithium project in Brazil. The 65,000m infill and expansion program is focused on increasing its Colina project’s indicated and inferred mineral resource in addition to boosting the footprint of the company’s Colina West prospect. Two additional larger, track-mounted diamond drill rigs are due on site in February. |
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