EDITION #247
Perth, Western Australia - Thursday March 16, 2023
PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Classic hits maiden gold mining milestone at Kat Gap |
Classic Minerals has joined the ranks of WA gold miners after hauling the first ore from its wholly-owned Kat Gap gold mine, which sits 170km south of Southern Cross in the State’s Central Wheatbelt. Initial haulage is focused on 6500 tonnes of ore recovered from the bulk sample pit. Kat Gap has a healthy grade of 2.96 g/t gold with near-surface mineralisation. |
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Exceptional gravity gold separation tests for Everest |
Everest Metals has achieved exceptional gold recoveries from independent gravity separation test work from its Revere gold project 90km northeast of Meekatharra. Coarse gold hand-picked from the 305 g/t gold bulk quartz vein sample accounted for 47 per cent of the recovered gold and gravity separation recovered 97 per cent of the remaining gold. The company is now planning further bulk testing and resource drilling. |
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Infinity find sparks new Pilbara lithium project hope |
Infinity Mining has a renewed optimism in its search for more lithium-bearing pegmatites and rare earths after positive results in the latest field program at its South Tambourah project in WA’s Pilbara region. The return of eight rock chip samples collected late last year confirms lithium mineralisation of up to 3.86 per cent lithium, 338.5 parts-per-million caesium, 174ppm niobium, 233.7ppm tantalum and 3013.5ppm rubidium. |
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Asra onto high-grade rare earths, scandium near Leonora |
Asra Minerals’ Mt Stirling project near Leonora in WA’s Goldfields has thrown up traces of highly sought-after “heavy” rare earths in addition to lucrative scandium that stretches from only 2m below surface to the bottom of 40m drill holes. Headline drill numbers include 48m at 90 parts per million scandium oxide from 3m and 7m at 669ppm total rare earths and yttrium oxide from 5m. |
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Lithium Energy beefs up lithium brine with new discovery
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Lithium Energy has landed 215m of fresh lithium brine mineralisation across two aquifers from its third hole of a 10-hole drilling program at the company’s Solaroz lithium brine project in Argentina. The company says assays from brines sampled across the upper and lower aquifers returned lithium concentrations of up to 397 and 395 milligrams per litre respectively. The drill rig will now move onto the fourth hole of the campaign. |
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Emu NL samples confirm heavy rare earths at Condingup
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Emu NL has confirmed the presence of both magnetic and heavy rare earths at its Condingup project near Esperance after rock samples returned results of up to 2124 parts-per-million total rare earth oxides. A total of eight samples were collected from a reconnaissance program late last year including three rocks from the Booanya granite complex that all returned results above 1000ppm TREO. |
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Reach targets significant Gascoyne battery metals deposits
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Reach Resources has identified four major targets for lithium-caesium-tantalum pegmatites within its Critical Elements project in WA’s Gascoyne region after independent analysis from geological experts. The initial phase of the assessment by RSC Consultants focused on Reach’s Morrissey Hill, Camel Hill and Wabli Creek projects that form part of the greater Critical Elements operation. |
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Surefire fires up rigs to test three Murchison gold prospects
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Surefire Resources has the drill bit spinning again at its promising Yidby gold project in the Murchison district of WA’s Mid West, targeting extensions to gold mineralised intercepts of discovery holes at the project’s three main prospects. The program will also test structural targets generated from magnetic and gravity data and will comprise 24 RC holes for a total of 2800m. |
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Magnetics give Venus compelling rare earths targets
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A high-resolution aeromagnetic survey has identified high-priority drill targets for clay-hosted and fresh rock rare earths mineralisation at Venus Metals’ wholly-owned Marvel Loch East project in WA. Hard rock targets include a 25km long magnetic trend and a 3km zoned magnetic anomaly where previous rock chips up to 4365ppm total rare earths were discovered. |
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Tantalum tantalising for Ardea in Eastern Goldfields
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Ardea Resources Ltd has identified new rock chip samples with elevated levels of tantalum and hopes it will now translate into more lithium-bearing pegmatites at its Ghost Rocks prospect in WA’s Eastern Goldfields. The company recently collected a total of 12 samples from a 6km strike area, with six of them returning elevated tantalum readings of up to 373 parts per million. |
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Mineral Commodities eyes maiden South African resource
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Mineral Commodities is closing in on a maiden mineral sands resource at its freshly-minted De Punt prospect in South Africa after assays recorded exceptional grades in valuable heavy minerals. The company expects to table the De Punt resource within months as a result of a recent move to pull the drilling rods on a 6000m air-core program, which tested seven major targets identified along magnetic anomalies. |
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