EDITION #241
Perth, Western Australia - Monday February 27, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Xanadu-Zijin partnership gets Chinese seal of approval
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A phase two and three investment agreement between Xanadu Mines and Zijin Mining Group for Xanadu’s Mongolian copper-gold projects has been given the go-ahead after the deal received final approval from China. The partnership will fully fund the ASX-listed Xanadu’s flagship Kharmagtai copper-gold project through the next phase of evaluation and exploration as it builds towards a decision to mine. |
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Riedel appoints new CEO to advance Arizona gold project
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ASX-listed Riedel Resources is building momentum to progress its Kingman gold project in Arizona with the appointment of experienced geoscientist David Groombridge as the company’s new Chief Executive Officer. With more than 20 years experience in the mining and resources industry, Groombridge brings to the company his vast knowledge of developing exploration projects with a particular focus on gold-dominant polymetallic orebodies. |
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Quantum secures critical SA graphite tenure |
Quantum Graphite has secured a further five years tenure over its flagship Uley 2 project on the Eyre Peninsula in South Australia. Uley 2 boasts an impressive 6.3 million tonne resource going 11.1 per cent total graphitic carbon for 697,000 tonnes of graphite. The company is also making strides towards financing the project after meeting key objectives to issue corporate bonds on the Luxembourg Stock Exchange. |
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Tune in to Flashpoint each Sunday morning on Channel 7 at 10 am to watch Bulls N' Bears MD Matt Birney talk about the ASX stocks that have run hardest for the week ... AND WHY! |
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Hot Chili lands fourth copper porphyry at Chilean project
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Hot Chili has unveiled a fourth copper-gold porphyry at its Cortadera resource in Chile. The discovery follows a drill intersection of 120m grading 0.5 per cent copper equivalent from 22m downhole including 38m at 1.0 per cent copper equivalent also from 22m. The Cortadera resource is the centrepiece of the company’s Costa Fuego project and has three measured and indicated resources with a combined total of 471 million tonnes at 0.46 per cent copper equivalent hosting 1.7 million tonnes of copper and 1.8 million ounces of gold. |
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Venus hunts for more gold from historical Bellchambers deposit
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Venus Metals has its drill bit spinning again, this time at its historical Bellchambers gold deposit, part of the company’s Sandstone project in the WA Goldfields. The campaign follows up a 2020 exploration program that delivered a substantial increase in Bellchambers’ JORC-compliant indicated mineral resource. The new work will target structurally controlled gold mineralisation and will test the depth continuation of mineralisation. |
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Critical Minerals adds alumina to Queensland vanadium site
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Critical Minerals Group has received positive results from its drill campaign at the company’s Lindfield project showing the site’s potential as a dual commodity deposit for vanadium and high-purity alumina. The assays come from the company’s maiden drill program at the Queensland project and show the results of 10 core holes with a standout return of 0.25m at 0.83 per cent vanadium oxide from just 11.25m. |
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Kalgoorlie Gold unveils more WA gold, lithium
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Kalgoorlie Gold Mining has identified gold and lithium anomalies in a first-pass 315 auger hole program at its wholly owned Pianto project 85km north of Kalgoorlie. The company says its campaign was targeting gold in granite and lithium pegmatites. The fresh gold anomalisms are along the southern margin of a fault-related northwest striking demagnetised zone. Outcropping pegmatites were also found at two locations near lithium anomalies in addition to minerals tentatively identified as spodumene. |
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Infinity locks in key Pilbara nickel tenement for five years
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Infinity Mining has been granted a five-year exploration licence extension for one of the key tenements at its Panorama project in the Pilbara where the company is targeting its Brisbane nickel prospect. Last year the explorer collected a total of 35 samples at the site with assays showing results of up to 7636 parts-per-million nickel and 8918ppm chromium consistent with previous geochemical results. |
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Assay analysis reveals more ounce-to-tonne gold for Torque
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Torque Metals continues to produce impressive results at its Paris project near Kalgoorlie with latest assay analysis recording multiple ounce-to-tonne gold assays from its fifth phase of drilling at the site. Last month the company completed 4855m of RC drilling across multiple targets at the operation with the latest results showing a 2m hit going 35.65 grams per tonne gold from 203m and another 2m hit at a whopping 59.35 g/t gold from 204m. |
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Altech Batteries launched after name change
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Altech Chemicals has held a successful shareholders vote to approve a name change to Altech Batteries Limited to better reflect the company’s direction of “meeting a battery storage future”. The ASX ticker will remain ATC. Altech has three battery-focused projects, Silumina lithium-ion battery anodes, Cerenergy- an alternative to grid storage batteries and a high-purity alumina project. |
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