EDITION #236
Perth, Western Australia - Friday February 10, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
American West posts maiden resource for United States deposit
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Perth-based company and USA focused explorer American West Metals has posted a maiden resource for its multi-commodity base metal West Desert deposit in Utah which the company says continues to illustrate the project’s potential scale. The North American focused explorer believes the wholly owned zinc-copper-silver-gold deposit has the potential for open pit and underground mining and interestingly contains significant indium and molybdenum. |
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Galan secures second major Argentinian lithium project |
Galan Lithium has secured 100 per cent ownership of the Candelas lithium brine project in Argentina, only 40kms from its developing Hombre Muerto West project. A preliminary economic assessment completed in late 2021 tabled a stunning set of numbers that shows its Candelas project will make $270 million a year for 25 years for a net present value of $1.76 billion. |
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Latin supersizes Brazilian lithium footprint |
Latin Resources has beefed up its South American presence by nearly 370 per cent after pegging out nearly 30,000 hectares of new tenure in the Bananal Valley district near its Salinas lithium project in Brazil. The new tenure is located near where the company has commenced a 65,000m drilling blitz aimed at boosting its Colina project’s indicated and inferred mineral resource. |
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White Cliff spies multiple targets in rare earths chase
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White Cliff Minerals has generated numerous targets after completing detailed geophysical surveys looking for rare earth elements at its Yinnetharra lithium and rare earths project in the world-class Gascoyne province of WA. The company says it has uncovered multiple strong and discrete thorium anomalies, which are well-known pointers to rare earths mineralisation in the region. |
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Lithium Energy racks up more high-grade graphite in QLD
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The eye-popping graphite hits continue to rack up for Lithium Energy at its wholly-owned Burke graphite project in Queensland, firmly cementing its place as one of the highest-grade graphite deposits globally. A plethora of exceptional hits from the latest round of results have tipped the scales in excess of 20 per cent total graphitic carbon. |
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Graphite – the great lithium battery enabler
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Lithium stole the spotlight last year as demand for electric vehicles ballooned, yet a critical component of lithium-ion batteries, graphite, has been mostly overlooked. Without graphite a lithium battery simply won’t work and there is no real substitute. With a graphite supply and demand squeeze now on the horizon, graphite players such as ASX-listed Mineral Commodities and others are now in the box seat. |
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More gold hits at Bluebird point to expansion for Westgold |
Westgold Resources is looking at a possible extension of its Bluebird mine near Meekatharra in WA after a string of eye-opening results from recent drilling both inside and outside the current resource limits. A spectacular 10.15m hit going 25.5 grams per tonne gold from 138.8m came from within the existing mine plan resource limits. Whilst over at the new South Junction Lodes discovery with sits outside the current mine plan a solitary drill hole returned 4.75m at 12.06 g/t gold from 301m, 15m going 5.90 g/t from 337m and 46m at 2.72 g/t gold from 440m. |
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Western Mines hits nickel and eyes new system |
Thin section microscope work by Western Mines Group has confirmed abundant pentlandite nickel mineralisation from a fresh diamond drill hole at its Mulga Tank ultramafic hosted nickel project in WA. The company says the work shows evidence of an extensive magmatic nickel sulphide system within the ultramafic complex and it believes that it may be onto Type 2 Mount Keith-style disseminated nickel sulphide mineralisation. |
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Dynamic wraps up maiden drill program at key nickel prospect
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Recently ASX-listed Dynamic Metals has successfully completed its maiden drill campaign at the company’s Dordie Far West nickel target at its Widgiemooltha lithium-nickel-gold project near Kambalda. The explorer completed a total of five RC holes across 736m over a strike length at Dordie Far West of around 300m. Two of the five drill holes intersected the basal contact and all samples have been sent to a Kalgoorlie laboratory for analysis. |
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Valor vectors in on four targets in Canadian uranium hunt |
Valor Resources has identified four priority drill targets for its 2023 field season at the company’s Cluff Lake uranium project in Canada in the world-class Athabasca Basin, home to many of the world’s richest uranium mines. The Perth-based explorer describes two of the project’s four prospects as walk-up drill targets and they have been prioritised for drill testing later this year. |
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Kairos set to grow Mount York gold resource
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Kairos Minerals’ flagship 1.1-million-ounce Mount York Pilbara gold project looks set for a serious growth spurt after high-grade gold intersections below the existing resource over much of the strike length paves the way for an increase. Best results include 5m at 4.25 g/t gold from 73m, 7m going 3.35 g/t from 172m and 8m at 3.67 g/t gold from 185m. The Mount York project is located in the emerging Pilbara Craton gold region of WA. |
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Infinity Mining gets licence extension at Pilbara multi-mineral project
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WA-focused explorer Infinity Mining has been granted a five-year extension for an exploration licence that constitutes the largest component of its Hillside gold-copper-lithium project that lies over the Coongan Greenstone Belt in the Pilbara. Hillside covers almost 400 square kilometres and is located roughly 50km south-west of Marble Bar and 185km south-east of Port Hedland. |
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