EDITION #249
Perth, Western Australia - Wednesday March 22, 2023 |
Everest set to scale new heights with new project, board & capital structure
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Everest Metals is a different looking company today from when it was Twenty Seven Co up until last year. It has totally renewed its board which is now led by mining man Mark Caruso and assisted by COO and former finance professional Simon Phillips. The new board has its foot on a curious new project that boasts multiple near surface gold reefs and hints of DeGrussa-style copper at depth. |
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Tietto forecasts 1.2-million-ounce gold haul in West Africa
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Tietto Minerals is predicting a glittering first six-year haul of 1.2 million ounces of gold at an impressive all-in sustaining cost of US$800 per ounce as it scales up to full production at its new Abujar Gold Mine on West Africa’s Ivory Coast. The company’s chief operating officer Matthew Wilcox has been appointed as an executive director after directing the project’s on-time and below-budget construction. |
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ABx triples rare earths resource in Tasmania after latest drilling |
ABx Group has hit paydirt with its latest rare earths exploration in Tasmania with assays from an ongoing drill campaign more than tripling the initial mineral resource of its Deep Leads and Rubble Mound channel. At 13.9 million tonnes, the resource is now 350 per cent larger than the maiden mineral resource however, with assays outstanding and drilling continuing, a further upgrade might be on the cards. |
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Surefire buzzing over “unique” aluminium oxide deposit
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Surefire Resources hopes a “unique” high-purity alumina deposit, with returns grading up to 31 per cent aluminium oxide, will lead to lucrative rewards from its flagship Victory Bore vanadium project, 400km inland from the WA port city of Geraldton. The company has appointed Queensland-based consultant Lava Blue to start purification test work aimed at leading to the production of high-purity alumina product. |
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Maximus primes up drills after Kambalda nickel find
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Maximus Resources will embark on a new RC drilling program in WA’s Goldfields after finding shallow nickel up to a credible high grade of 1.2 per cent at its Misho prospect. Assays report a 20m hit at 0.5 per cent nickel, 492ppm copper and 126ppb platinum and palladium from 10m, including 2m going 1.2 per cent nickel, 1705ppm copper, 987ppm cobalt and 293ppb platinum and palladium. |
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Allup set to lock in silica sands mining licence
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Allup Silica is rapidly ticking boxes at its Sparkler project in the South-West of WA as it readies the silica sands project for a mining licence which it will apply for next quarter. The company has appointed the South-West Aboriginal Land and Sea Council to undertake a Heritage Survey and it has also just wrapped up an auger drilling campaign at its Dune Buggy and Pink Bark projects near Esperance with some success. |
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Mt Malcolm gets rare earths sniff near Leonora
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Mt Malcolm Mines has identified rare earth element targets at its namesake project 20km east of Leonora in WA. A recent field survey returned anomalous portable X-ray fluorescence results of up to 0.38 per cent cerium, 0.21 per cent lanthanum, 0.15 per cent neodymium and 0.05 per cent praseodymium. The anomaly is open in the direction of a potential intrusive source rock. |
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Mineral Commodities to up production with new mineral sands deposit
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Mineral Commodities has achieved commercial production of zircon, rutile, ilmenite and garnet concentrate from the Inland Strand, part of its 50 per cent owned South African mineral sands mining project. After weeks of production from the primary concentrator at Inland Strand, sufficient heavy mineral concentrate was produced to enable the secondary concentrator plant to be fired up to separate out individual saleable mineral concentrates. |
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Three-way deal secures $4.2 million for Ora Banda
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Ora Banda Mining looks set to pocket $4.2 million in a three-way deal that includes the sale of four non-core tenements to Beacon Minerals and a new royalty agreement with key investor Hawkes Point. Ora Banda has agreed to sell four of its Lady Ida licences in the Goldfields region of WA to Beacon through its wholly-owned subsidiary for $2.5 million while still retaining all non-silver and non-gold mineral rights over the tenements. |
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Lithium Energy moves rig to target deep conductive brines
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Lithium Energy is charging ahead with its goal of establishing a significant maiden JORC mineral resource at its flagship Solaroz lithium project in Argentina. The company has shifted the rigs to the fourth and fifth diamond drill holes of a maiden drilling program, continuing its hunt for the region’s famed deep conductive lithium brines. The plan is to release the mineral resource with the results of a scoping study that was announced earlier this week. |
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Drones fly Kula closer to gold and lithium targets in WA |
Kula Gold has used drones to help identify a slew of drill targets across two key prospects as part of a reconnaissance fieldwork mission at its Brunswick lithium project, which sits 45km north of the world-class Greenbushes mine. The work highlighted a potential strike of 1.7km at its Donnybrook Gold Mine and an interpreted strike length of almost 2km at its Hippy Lady operation. |
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