EDITION #230
Perth, Western Australia - Monday January 23, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Assays confirm shallow, high-grade gold for Riedel
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Riedel Resources has confirmed a swathe of shallow, high-grade gold at its Kingman project in Arizona, USA after sifting through its first batch of assays from a 23-hole diamond drilling program completed last year. The explorer’s efforts were duly rewarded with several notable results including 1m at 47.9 g/t gold, 266 g/t silver and 10.5 per cent lead from 17.5m. |
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Mantle hits broad nickel ahead of WA resource estimate
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Fresh assays from a phase two RC drilling program at Mantle Minerals’ Highway deposit, near Port Hedland in WA’s Pilbara region have delivered several broad intercepts including 68m at 0.44 per cent nickel from 57m. The company believes the results validate the results of a phase one campaign and position it in a solid position to plan for a resource estimate in the first quarter of the year. |
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Aruma appoints COO to Managing Director role |
ASX-listed Aruma Resources has appointed Glenn Grayson as the company’s new Managing Director where he will be responsible for its ongoing exploration strategy effective from today. Grayson replaces Aruma stalwart Peter Schwann who has led the company since it listed in 2010 and will continue to work in a capacity of a Non-Executive Director. |
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International Graphite makes third discovery near WA resource |
International Graphite has unlocked another parcel of shallow, high-grade graphite mineralisation 500m south of its existing mineral resource at the Springdale project near Hopetoun in WA’s South West. The discovery has been coined “Springdale South” and follows 10 RC-holes in the area for 973m as part of a broader campaign. Banner results from the probe include 4m grading a solid 10 per cent total graphitic carbon from 15m downhole. |
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Gov grant tips $3.3m into ABx aluminium recycling plant |
ABx Group’s 83 per cent owned subsidiary, Alcore has received an initial $3.3 million of an almost $7.6 million grant to support the development of an aluminium bath recycling plant at Bell Bay in Tasmania. The funding forms part of the Federal Government’s Modern Manufacturing Initiative and will also be used to support the ongoing construction of a similar pilot plant on NSW’s Central Coast. |
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Southern Hemisphere adds gold to Chile copper anomaly
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Southern Hemisphere Mining has added gold to a recently discovered copper anomaly in the southern area of the company’s Llahuin project in Chile following positive results from infill soil sampling at the site. The sampling program has also increased the grade of the southern porphyry anomaly to 0.22 per cent copper up from 0.19 per cent when the anomaly was first discovered in November. |
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Godolphin probe boosts imminent rare earths resource update
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Godolphin Resources’ looming resource update at its Narraburra rare earths project in NSW has received a boost after assays from a maiden, 27-hole drill campaign highlighted mineralisation outside of the known system. Eight drill holes delivered intercepts beyond the current threshold including a 21m at 1163ppm total rare earth oxide strike from 17m, suggesting the company could have a much larger inventory on its hands. |
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Drill program extends Goldfields mineralisation for Image
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ASX-listed Image Resources has extended its gold mineralisation at the company’s Erayinia-King project to the north after receiving solid assay results from its latest drill campaign at the site near Kalgoorlie. The explorer says the recent infill program recorded significant gold intercepts in the central section of the northern mineralised zone that had previously seen limited drilling exploration. |
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Mineral Commodities subsidiary secures funding for European project |
A group including Mineral Commodities subsidiary Skaland Graphite has received more than €9 million in funding to develop the DINAMINE project in Europe that aims to make small and medium-sized mines more efficient and sustainable. According to project coordinator Norwegian Geotechnical Institute, the €12.3 million partnership will develop and showcase how innovative solutions and digital technology – including robots, artificial intelligence and automation – can improve small and medium mining enterprises using a holistic mine management system. |
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Everest to snap up WA gold project
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Everest Metals Corporation has entered into a tenement sale agreement to wholly acquire two gold-prospective exploration leases southwest of Paynes Find in WA known as the Ninghan project. The asset takes in a 228 square kilometre ground position and is in an area with a host of operations in the one million-ounce club including Minjar Gold’s namesake play and Kirkalocka Gold’s nearby property. |
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Infinity extends stay at key Pilbara tenement
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Infinity Mining has been granted a five-year extension to its exploration licence for a key tenement that forms part of the company’s Hillside project about 50km south of Marble Bar in WA’s Pilbara region. The company says the site is highly prospective for shear-hosted gold systems, ultramafic intrusive related nickel-copper and pegmatite hosted lithium deposits. |
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Metallurgy results buoy Pan Asia at Thai lithium project |
Pan Asia Metals has received positive results from metallurgical testwork carried out on ore from the company’s Reung Kiet lithium project in southern Thailand with recoveries of up to 78 per cent. The South East Asia explorer recently completed the testwork that was based on diamond drill core samples at the site that also saw lithium mica concentrate grades of up to 3 per cent lithium oxide. |
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Horizon Minerals pockets $1.3m cash from divestments
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ASX-listed Horizon Minerals has banked a cool $1.3 million in cash by divesting its interest in explorer Kingwest Resources via an off-market sale process. The company now plans to inject the funds, topped up with existing cash reserves into a host of new exploration programs across its core, WA-based gold assets over the next few months. |
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CZR eyes drilling after boosting WA iron ore deposit |
Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost. |
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Lindian locks in second payment for Malawi rare earths project |
Lindian Resources is one step closer to 100 per cent ownership of its Kangankunde rare earths project in Malawi after completing the second tranche payment of $US7.5 million to former owner Rift Valley Resources. The latest figure is the second of four tranche payments with the third amount due in August this year and the fourth set for August 2026. The first portion of $US2.5 million was paid in August last year. Lindian agreed to pay Rift Valley a total of $US30 million for the project across the four tranches with $US20 million remaining. |
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Kalgold expands mineralisation depth at Goldfields prospect |
Kalgoorlie Gold Mining has extended the gold mineralisation of its La Mascotte prospect near Kalgoorlie in the Goldfields region of WA at depth following positive results from its latest RC drilling campaign. The fresh assays from the company’s phase 4 drill program at the site will be used to table a maiden resource estimate that is expected to be released this quarter. |
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