EDITION #231
Perth, Western Australia - Wednesday January 25, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Lindian nails highest grade yet at Malawi rare earths project
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Lindian Resources’ Kangankunde project in Malawi continues to produce incredible assay results from its maiden drill campaign including a 1m hit at an outstanding 9.49 per cent total rare earth oxides from 19m. The explorer says the latest results include the highest grading hole to date at the operation with a mammoth 186m intercept going 2.97 per cent total rare earth oxides from surface. |
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Conico JV hits scandium at cobalt-nickel project
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Conico’s 50:50 joint venture with Greenstone Resources at the Mt Thirsty project in WA is proving a successful collaboration with the recent Phase 1 drill campaign returning the sixth best cobalt intercept in Australia for 2022 that included previously unreported scandium. Drilling has revealed three discrete mineralised zones; an upper nickel-cobalt-manganese-scandium horizon, a middle platinum group enriched horizon and a lower nickel horizon. |
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Antilles strikes stellar gold in Cuban hunt
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Additional re-assaying of recent high-grade gold hits from an 1800m drill campaign at Antilles Gold’s El Pilar project in central Cuba has returned a string of stellar shallow gold intercepts peaking at 194 grams per tonne gold. The eye-watering 3m hit was housed in a 13m run grading at 45.17 g/t tonne gold from surface. |
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Godolphin chasing NSW copper-gold with ground magnetics
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ASX-listed explorer Godolphin Resources has launched detailed ground magnetic survey works at its wholly owned Cyclops, Yeoval East and Goodrich copper-gold prospects near the Yeoval township in central west NSW. The assets have yet to be tested using modern exploration methods and data from the campaigns will flow into a host of upcoming drill campaigns. |
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Sample program lights up Gascoyne rare earths for Venus
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Venus Metals has highlighted a raft of high-priority rare earth targets at its Mangaroon North project in the Gascoyne region of WA following positive results from a recent reconnaissance field sampling program. The explorer collected 299 soil samples and 84 rock chip samples in addition to re-analysing 66 previous soil samples with results showing up to 2136 parts-per-million total rare earth oxides and 232ppm neodymium oxide. |
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Southern Hemisphere eyes EV sector with Chilean manganese
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Southern Hemisphere Mining is advancing technical work on its wholly owned Los Pumas manganese deposit in northern Chile with a view toward a battery-grade product to meet the burgeoning global demand for electric vehicles. Close to 24 million tonnes grading at 7.8 per cent manganese has been etched out near the surface and within trucking distance to the port of Arica for easy export to US electric vehicle production facilities. |
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Javelin gets drill bit spinning at multi-element NSW project
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ASX-listed Javelin Minerals has commenced air-core drilling at its Husky project near Fifield in New South Wales where the company is on the hunt for rare earths in addition to precious and battery metals. The explorer has received the necessary approvals to complete up to 23 drill holes at the site that is considered prospective for gold and platinum group elements. |
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ENRG turns to geophysics in African copper hunt
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Perth-based explorer ENRG Elements has commenced an induced polarisation survey at its Ghanzi West copper-silver project located in Botswana’s revered Kalahari copper belt. The company intends to use the program to light up promising targets for a future drill campaign and the work follows a round of airborne electromagnetic and gravity surveys across the operation’s Kara Dome assets in December. |
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Kula Gold drone survey defines Goldfields drill targets
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Kula Gold’s recent exploration blitz at its Westonia nickel-gold-PGE project near Southern Cross has identified a number of targets with air-core and RC drilling expected to begin as early as this week. The company says its recent drone magnetic survey has identified an “eye structure” that aligns with a platinum and palladium anomaly identified last year using auger geochemistry. |
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ABx jumps early in Tasmanian rare earths hunt
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ABx is looking to make the most of the warmer weather as it kicks off its latest drilling program ahead of schedule. The campaign will aim to expand the mineralised zone at two of its Tasmanian rare earths discoveries. The 120-hole program at the company’s Deep Leads and Rubble Mound rare earths prospects is set down for three months and the first results could start flowing in just a couple of weeks. |
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ADX takes on cashed up partner for Austrian gas well
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Cashed up Canadian listed MCF Energy has taken over financial group Kepis and Pobe’s obligation to fund half of ADX Energy’s exciting Welchau-1 gas well in Austria. The A$5.9m well cost will now be 50 per cent funded by MCF who recently raised C$8.5m to list on Canada’s TSX-V exchange. MCF will pick up a 20 per cent interest in the farm-in area and also has the option to foot the entire bill in return for another 20 per cent, taking its interest to 40 per cent of the play. |
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Fresh assays could bolster Latin lithium resource
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Latin Resources has intercepted another batch of notable lithium strikes at its Colina West prospect in Brazil including 13.73m grading 1.38 per cent lithium oxide from just over 200m. The news follows the delivery of a 13.3 million tonne maiden resource estimate 500m away at the Colina deposit and management has hailed the western discovery as an exceptional growth opportunity for its larger Salinas project. |
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American West ramps up exploration at Canadian copper play
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American West Metals will roll in a third drill rig to ramp up exploration at its Storm project in Canada with ground geophysical surveys also set to kick off in March. A combination of diamond and RC drilling is looking to etch out multiple shallow high-grade copper deposits suitable for low-cost open-pit mining, along with expanding the company’s recent discovery of a potentially large sediment-hosted copper system. |
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Surefire adds rare earths and kaolin to iron project
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Surefire Resources has confirmed the presence of rare earths and kaolin at its Perenjori iron ore project following positive results from a reconnaissance rock chip campaign near recently discovered pegmatites. The anomalous rare earths mineralisation occurs close to the eastern boundary of the tenement hosting the Perenjori iron deposit prompting the explorer to apply for an additional exploration licence contiguous with the site to the east. |
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White Cliff sampling unveils 10 rare earths targets
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A roadside geochemical sampling campaign at White Cliff Minerals’ Hines Hill rare earths project about 200km from Perth in WA has lit up a host of priority target areas over its roughly 570 square kilometre ground position. The campaign was headlined by a specimen running a maximum value of 930 parts per million total rare earth oxides and the company is now eyeing 10 key areas for immediate follow-up. |
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