EDITION #237
Perth, Western Australia - Tuesday February 14, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Reach Resources in critical minerals Gascoyne land grab
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A strategic land grab by Reach Resources has resulted in the company building a dominant presence in the Gascoyne region after picking up the Morrissey Hill lithium project, the Camel Hill rare earths project in addition to the White Castles manganese project. The three projects cover a total of four tenements and build on the company’s two established operations with the Skyline and Critical Elements projects in the region. |
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Godolphin, Orange Minerals unveil maiden resource at NSW project
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Gold explorer Godolphin Resources and its joint venture partner Orange Minerals have announced a maiden ore resource for the Calarie project in central New South Wales. The maiden resource contains 870,000 tonnes of mineralisation, with some 50,796 ounces of gold at an average grade of 1.83 grams per tonne and a cut-off grade of 0.3 g/t. |
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Alto taps into high-grade riches at historic WA gold camp
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Alto Metals has latched onto high-grade gold mineralisation with its maiden RC drilling program at the company’s historic Oroya Mine in WA’s East Murchison region, piquing at 37.1 grams per tonne gold from only 66m downhole. The campaign targeted extensions along the main reef which churned out 220,000 ounces at 16.5 g/t gold from underground mining in the early 1900s. |
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Surefire gets scientific boost for Victory Bore vanadium
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Minerals explorer Surefire Resources NL’s optimism about its massive vanadium resource in WA’s Mid West has been boosted by a detailed study that concludes its Victory Bore-Unaly Hill project can provide clean vanadium concentrate. Surefire’s next step includes further investigation of its resource to determine its suitability for the burgeoning vanadium redox flow batteries sector for clean energy storage |
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Aurum set for exploration blitz in WA gold country
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ASX-listed Aurum Resources is another step closer to launching exploration on its flagship Ryan’s Find gold project, north-east of Southern Cross in WA. The company says once it receives heritage clearance, which has now been scheduled it will immediately kick off an air-core drilling campaign. A gradient array induced polarisation survey is also planned for its Penny South gold project. |
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Kula wraps up reconnaissance drilling at Westonia project
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Kula Gold has successfully completed its air-core and RC drilling campaign at the company’s Westonia project near Southern Cross where it has been targeting a previously identified “eye structure”. The explorer says the reconnaissance drilling program included one air-core hole and 26 RC holes for a total of 2292m across a previously untested area of Archean greenstone targets. |
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Ora Banda spies resource boost at WA deposit
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Ora Banda Mining is on track to deliver an updated mineral resource estimate at its Riverina gold system near Kalgoorlie this month after positive results from phase 1 drilling at the site. Assay highlights from exploration at the company’s Main Lode East prospect showed some impressive grades including a 2m hit at 49.8 grams per tonne gold from 163m. |
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Adriatic on track in Balkan silver mine development |
Budding silver miner Adriatic Metals has drawn down its second $30m tranche, along with accessing an additional $22.5m from a $142.5m debt package to steer development of its high-grade Vares silver mine in Bosnia and Herzegovina. It is all systems go as the company passes the halfway mark of construction with production of the first concentrate slated for the third quarter of 2023. |
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Kaiser bags exploration tenure at Victorian gold project
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Gold producer Kaiser Reef has succeeded in acquiring a hefty 144 square-kilometre exploration licence which covers an area considerably larger than the current combined Maldon mining licences and provides unfettered access to the high-grade exploration target around its Nuggety Reef Mine. Plans are also afoot to bring the company’s Union Hill mine back into production. |
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Auric kicks off drilling in WA multi-commodity hunt
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The gentle hum of the RC drill rig can be heard at Auric Mining’s Chalice West project near Norseman. Auric is plumbing the depths of its prime goldfields tenure to seek the source of significant gold, nickel and rare earths anomalism. The rig will also be wheeled to the company’s Miitel South prospect where a compelling gold target lies beneath a smattering of historical alluvial workings. |
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Dart Mining cracks on with porphyry copper-gold hunt
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Dart Mining continues the porphyry copper-gold hunt with RC drilling kicking off at its Granite Flat project in northeast Victoria. The 15-hole program will test along the strike of a 2.4km copper in soil anomaly announced in 2022. The company says drill chips are already showing that Dart has intersected vein hosted and disseminated sulphides and strong alteration with epithermal style quartz textures. |
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Kalamazoo unveils spodumene bearing pegmatites |
Kalamazoo Resources’ Pilbara lithium project has taken a step forward with the discovery of outcropping spodumene-bearing pegmatite dykes with rock chip results showing up to 2.8 per cent lithium oxide. The best outcrop included four rock chip assays from 2.1 to 2.8 per cent lithium oxide over a 1.1km strike length. The company says the outcrop had visible spodumene, a commercial lithium mineral and is undrilled. |
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Everest divests in NSW to focus on WA gold and lithium
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Everest Metals has signed a binding joint venture agreement with Stelar Metals covering all of its large Broken Hill NSW projects and giving Stelar a 90 per cent interest. Everest Metals will receive $250,000 cash and a similar value in Stelar shares upfront. Milestone payments add a further $500,000 in cash or shares. The company says it retains a 10 per cent free-carried interest. |
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WA gold mine nears operation for Classic
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Construction of Classic Minerals’ gold mine at Kat Gap in WA is moving closer to becoming a reality with the tailing storage facility 45 per cent complete and the Turkey’s Nest pipeline edging towards completion. The company says tailings facility liners will be installed in early March. Kat Gap boasts a 2.96 g/t gold head grade and Classic’s Gecko gravity processing plant is expected to recover over 73 per cent of the gold at low cost. |
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