EDITION #232
Perth, Western Australia - Tuesday January 31, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Westgold Murchison mines continue to break production records
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Westgold Resources continues to break records with its Big Bell gold operation in the Murchison region achieving best production figures according to the company’s December quarterly report. The Big Bell mine near Meekatharra produced 293,614 tonnes at a grade of 2.5 grams-per-tonne gold for a total of 23,400 gold ounces during the December quarter that increased from the previous record of 274,444 tonnes at 2.5 g/t gold for 22,100 ounces in the September quarter. |
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Altech closing in on game-changing grid storage battery plant
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Altech Chemicals has finalised the design of a 100MWh battery plant capable of producing 60KWh battery packs that utilise table salt instead of lithium and other metals normally found in a lithium-ion battery after two workshops in Germany. The company says its devices offer safer, longer-term power solutions without the threat of price hikes and supply chain issues that plague the production of critical metal-infused products. |
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Kula kicks off maiden drill campaign in WA Goldfields
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ASX-listed Kula Gold has officially kicked off reconnaissance drilling at its Westonia nickel-gold-PGE project near Southern Cross, focusing on a curious “eye structure” identified from recent survey results. The air-core and RC drilling campaign will target a number of mafic and ultramafic prospects around the recently defined “eye structure” that aligns with a platinum and palladium anomaly discovered last year using auger geochemistry. |
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Ardea confirms significant rare earths at key nickel project
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Ardea Resources has confirmed Pamela Jean East as the preferred site to set up production infrastructure for its Kalgoorlie nickel project after discovering rare earths at its alternative option Goongarrie West. The company recently completed sterilisation drilling near proposed production pit locations in order to finalise the site layout for the general arrangement plan for the project including its Goongarrie Hub in the Goldfields region of WA. |
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Maximus buoyed by new major shareholder
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ASX-listed Maximus Resources has a new major shareholder after Beacon Minerals executed a share purchase agreement to acquire a 19.82 per cent investment in the explorer to become a cornerstone investor. Beacon has agreed to purchase more than 63 million shares in Maximus from previous cornerstone investor Pantoro using the company’s current cash reserves. |
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Venus set for drill campaign at Murchison lithium project
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Venus Metals has received encouraging assays from ongoing geochemical surveys at its Youanmi lithium project in WA’s Murchison region including highlighting a new target at the company’s Manindi North prospect. The explorer says it received assays of rock chip samples from sub-cropping pegmatites in the area with results of up to 2.11 per cent lithium oxide. |
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Askari uncovers rare earths during NT lithium hunt
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Battery metal explorer Askari Metals has uncovered a mixed bag of anomalous rare earths whilst hunting for lithium at its Barrow Creek project in NT’s coveted Arunta Block, home to WA1 Resources major rare earths and niobium discovery. Recent rock chip sampling over a prospective lithium-caesium-tantalum pegmatite swarm returned the eye-catching results peaking at 4553 ppm total rare earth oxide. |
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New results boost WA resource for International Graphite
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ASX-listed International Graphite has tabled another rousing suite of assays at its Springdale project near Hopetoun in WA that it says could promote a shallow, long life open-pit mining operation at the site. Stand out results include 8.8m at 8.3 per cent total graphitic carbon from 22m and add weight to the company’s already hefty 15 million tonne plus resource at the operation. |
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Kairos maps out more lithium on prime WA real estate
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Kairos Minerals has landed a slew of anomalous lithium-in-soil results nestled within an emerging pegmatite province 100km east of Kalgoorlie and in the shadow of Global Lithium’s 32.7Mt Manna lithium deposit. The freshly minted “Crystal Palace” prospect has been etched out from the first batch of specimens from an extensive 6000-sample soil program the company is conducting over its Roe Hills tenure. |
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Torque completes fifth drill campaign at key Kalgoorlie gold project
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Torque Metals is eagerly awaiting assay results after completing its phase 5 drilling campaign at the company’s flagship Paris gold project with the aim of extending the 900m high-grade gold structure at the operation. The explorer’s recent 4855m RC drill campaign was also exploring shallow mineralisation at its HHH and Observation prospects that form part of the greater Paris project. |
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Asra set to wheel in drill rig at WA rare earths-gold play
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Asra Minerals is putting the finishing touches on its 2023 exploration assault at its multi-commodity Mt Stirling project near Leonora in WA following extensive data compilation and a comprehensive technical review. The company’s vast land holding, in the shadow of Red 5’s King of the Hill gold operations, houses multiple gold resources along with multiple intriguing rare earths and critical metals discoveries at Yttria and Wishbone. |
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Zuleika to target 3km anomaly with Goldfields drilling |
West Perth-based Zuleika Gold is itching to get the drill bit back in the ground after discovering a 3km-long gold-in-soil anomaly at one of the company’s prospects along the prolific Zuleika Shear zone in the WA Goldfields. Zuleika says geochemical results from 1100 soil samples at its Zuleika project are “very encouraging” and hopes to launch a drill campaign in March. |
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Soil sampling unlocks multiple gold targets for Aurumin
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Ultrafine soil sampling results have revealed gold in soil anomalism generating several fresh targets on a recently acquired tenement along a 1.4km zone on the Sandstone Greenstone belt. The site, that sits in Aurumin’s Central Sandstone project and near its Two Mile Hill deposit lies about 520km north-east of Perth where the company says the newly generated targets will help inform planning for the next drill program. |
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Antilles on the verge of fresh Cuban copper find
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Antilles Gold is in the throes of a ground geophysical program at its El Pilar project in central Cuba aiming to outline a compelling copper porphyry system located just below the developing high-grade oxide gold deposit. The company is hoping the geophysical programs will light up the location of sulphide mineralisation that will be tested with a 700m diamond drilling program. |
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Auric finds more gold, nickel at Chalice West outside Norseman
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With all assay results from its recent air-core drill program at its Chalice West project now back from the laboratory, Auric Mining says widespread gold and nickel mineralisation can be added to its rare earth elements discovery. The latest results include another five holes returning anomalous gold values and anomalous nickel intercepts were also returned in a further five drill holes. |
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