EDITION #235
Perth, Western Australia - Wednesday February 8, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Kalamazoo beefs up grade at key Pilbara gold project
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Kalamazoo Resources has unveiled an independent mineral resource estimate for its Ashburton gold project in the Pilbara that includes a significant 24 per cent grade increase for its key Mt Olympus deposit. The company says 75 per cent of the total ounces defined at Ashburton are hosted within Mt Olympus at an updated grade of 2.7 grams per tonne gold. |
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Malawi rare earths project delivers record hit for Lindian
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Lindian Resources has recorded its best drill hit to date after its latest assays confirmed a 35m intercept at a whopping 3.94 per cent total rare earth oxides at its Kangankunde project in Malawi. The impressive section was part of a wider 179m intercept going 2.2 per cent TREO from surface and also included a 4m hit at a massive 7.82 per cent TREO. |
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88 Energy gets greenlight for Alaskan oil probe
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Oil explorer 88 Energy is set to get the drill bit spinning at its Hickory-1 well target on Alaska’s North Slope after the state’s Oil and Gas Conservation Commission handed the company an all-important Permit to Drill. The bore is now on track to be spudded early next month and is tipped by the enterprise to hold 647 million barrels of oil within six key reservoir targets. |
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High gold recovery for BMG at WA project |
BMG Resources’ metallurgical testing has confirmed that it achieved a 93 to 95 per cent gold recovery using typical gravity and cyanide carbon-in-leach processing at its Abercromby gold project near Wiluna in Western Australia. The ore was found to be free milling with the majority of the gold leached in the first eight hours with low reagent consumption. The gravity circuit recovered between 34 and 41 per cent of the gold. |
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Surefire all set for return to Yidby gold drilling
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Surefire Resources is eyeing a rapid return to drilling at its promising Yidby Road gold prospect in WA with a drill rig locked in to start exploration later this month. 2500m of RC drilling is planned to follow up on the company’s recent discoveries at Marshall and Fender and the campaign will step out to the north and the south on both gold mineralised structures. |
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Ardea lands big tax rebate from Kalgoorlie nickel project |
A technological breakthrough achieved by Ardea Resources at its Kalgoorlie nickel project that will result in lower costs and lower carbon dioxide emissions in addition to more production has already paid a dividend with the Australian Tax Office handing the company a $1.8 million research and development tax rebate. |
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St George gets boots back on the ground at WA lithium project
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St George Mining has recommenced lithium exploration at its emerging WA Mount Alexander lithium pegmatite field covering 15km by 5km. Latest rock chip assays to 2.8 per cent lithium oxide and 1.26 per cent rubidium oxide build excitement for the assays from its first 23 RC drill holes, due within weeks, lithium minerals were logged in 20 of the drill holes. More drilling is set to recommence later this month. |
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Askari rock samples from Namibian project boost lithium, tin hopes
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Askari Metals has confirmed high-grade lithium and tin mineralisation in rock samples from one of two promising tenements the company acquired recently in Namibia. Headline results from the samples, analysed as part of due diligence for the acquisition, include 3.3 per cent lithium oxide, 3.2 per cent tin, 4280 parts per million tantalum and 7980ppm rubidium. |
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Altech races patented anodes towards battery market
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Altech Chemicals believes the commissioning of its Silumina lithium-ion battery anode pilot scale plant in Germany is destined for the third quarter of 2023. The plant will be scaled up to a 10,000 tonne per annum production facility for which a Definitive Feasibility Study is progressing in tandem with the plant’s construction. The company is racing to meet the demand of the white-hot battery technology market. |
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Coda pushes towards release of scoping study at Elizabeth Creek
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Coda Minerals is putting the finishing touches on a scoping study for its Elizabeth Creek copper project in South Australia with final test work currently underway before the report’s expected release in April. The company says it has now completed work to assess all material inputs into the pending study up to the point of production of a copper-cobalt concentrate from a centrally located on-site flotation plant. |
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Lithium Australia increases share in Charger Metals with project sale |
Lithium Australia has entered into a binding agreement to sell its 30 per cent share in the Lake Johnston lithium project to Charger Metals as the company concentrates on its battery recycling portfolio. The agreement will see Charger take 100 per cent control of the project to the west of Norseman in WA and grants Lithium Australia first right of refusal for offtake of up to 30 per cent of lithium produced at the site. |
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Mt Malcolm unveils WA gold targets after drilling campaign |
Mt Malcolm Mines' new interpretation at its Calypso project in WA has delivered both shallow and deep gold targets. The news comes after new high-grade gold intersections from the company’s latest drilling campaign include 0.74m at 18.89 grams per tonne gold from 229m, 0.26m at 13.46 g/t from 268m and 18m going 1.23 g/t gold from 267m in one hole. The second hole of the program returned 0.83m at 6.01 g/t from 312m, 0.45m at 7.41 g/t from 341m and 0.46m going 14.21 g/t gold from 343m in a broader zone of 9.7m going at 2.3 g/t gold from 339m. |
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