EDITION #250
Perth, Western Australia - Friday March 24, 2023 |
Ora Banda set to reap millions with turnaround mine plan
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Ora Banda Mining has been given the green light to start mining at its Riverina underground gold deposit near Kalgoorlie after receiving financial investment decision approval from its board of directors. While the mining decision is still subject to the company securing a capital requirement of about $30 million, the approval supports its 2025 financial year production target of 100,000 gold ounces per annum. |
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Coda study confirms SA copper mine financially viable
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Coda Minerals looks set to press the go button on plans to mine its Elizabeth Creek copper-cobalt project in South Australia after positive results from its recently completed scoping study on the operation. The study has revealed a net revenue of more than $5.7 billion over an estimated 14-year mine life at a pre-tax internal rate of return of 26.5 per cent. |
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St George beefs up impressive WA lithium portfolio
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St George Mining has acquired seven hard rock lithium projects to beef up its impressive WA portfolio and further drive its strategic move into lithium exploration, in addition to its flagship Mt Alexander nickel project. Several of the new projects are located along strike from renowned high-grade spodumene lithium deposits and active mines in WA’s Eastern Goldfields region. |
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AVZ unveils monster lithium hit from Congo drilling |
AVZ Minerals has unveiled a monster lithium hit, with credible tin additions, from five holes in a wider 54-hole drilling campaign at its Manono project in the Congo. Headline results include 308m at 1.53 per cent lithium oxide and 731ppm tin from 22.5m, with another 176.3m grading 1.67 per cent lithium oxide and 898ppm tin from 23.7m. |
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Askari woos lithium, cobalt giant to Namibian project
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Askari Metals’ bold vision of identifying a major exploration discovery at its Uis lithium project in Namibia has received a timely boost through the signing of a conditional investment agreement with global giant, Zhejiang Huayou Cobalt. The deal, and an accompanying institutional investment raise, would boost the company’s coffers by more than $5.7 million as it aims to beef up exploration. |
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Warriedar lines up base metal targets at Murchison projects
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Warriedar Resources has highlighted a raft of anomalies as priority targets for base metal-bearing massive sulphides at its key Murchison projects after analysis of two separate airborne electromagnetic surveys. The company is currently modelling the identified conductors, ranking targets and planning a ground electromagnetic survey before a drill campaign to investigate the massive sulphide targets takes place mid-2023. |
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Macarthur secures extension on Pilbara iron ore project
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Macarthur Minerals has locked in a five-year extension to its Strelley Gorge iron ore project located in the heart of WA’s Pilbara. Previous rock chip sampling returned grades up to 61.3 per cent iron suggesting Macarthur has its foot on a handy patch of premium “direct shipping ore” with its patch positioned along strike of Atlas Iron’s 1.9 million tonne per annum Miralga Creek iron ore operation. |
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Dart Mining lines up six lithium bearing pegmatites for drilling
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Diamond-core drilling is set to kick off at Dart Mining’s Dorchap lithium project in northeast Victoria. Lithium-caesium-tantalum pegmatites will be drilled at six locations, all of which have been proved to be lithium bearing through assays of surface rock samples going up to 1.57 per cent lithium oxide. Key lithium ore minerals spodumene and petalite have been previously uncovered at surface from all locations. |
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Southern Hemisphere charges at booming battery market
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Southern Hemisphere Mining is eyeing entry into the booming electric vehicle market after initial leach amenability test-work declares ore from its Los Pumas manganese project in Chile suitable for battery metals. The tested ore achieved about 99 per cent extraction of manganese under “standard” leach conditions, producing a solution containing 80 grams per litre manganese. |
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Lithium Energy to crunch numbers in Argentinian scope
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Lithium Energy is scoping its flagship Solaroz project within South America’s renowned “Lithium Triangle”, in a bid to assess the evaporation and direct extraction merits of its lithium brine reserve in Argentina. The company, which has a 10-hole, 5000m drilling program underway, says it will also continue to work towards establishing a maiden JORC resource later this year. |
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Alaskan drilling rig set to test oil targets for 88 Energy
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North American explorer 88 Energy has revealed deep-diving plans to chase up to 647 million barrels of Alaskan oil in six target zones after successfully drilling its Hickory-1 surface hole to a depth of 1088m. The company has installed casing and a blow-out prevention system at Hickory-1 and will now proceed to the full depth of 3810m. |
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New pegmatite swarm to fuel Latin lithium resource growth
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Latin Resources says the discovery of a major new pegmatite swarm at its wholly-owned Salinas lithium project in Brazil will underpin an upgraded resource within months. Headline results from the company’s latest drilling at its Colina West deposit include 26.87m at 1.62 per cent lithium from 334m, with a 23m hit grading 1.78 per cent from 335m. |
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Lab tests nudge Quantum Graphite closer to battery market
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Quantum Graphite says it is poised to take advantage of the respective booming markets for battery anode materials and long-duration energy storage after positive flake-sampling tests in South Australia. First-phase flake test work achieved a purity of 97.59 per cent graphitic carbon and the company predicts increased temperatures will raise that mark to the 99.5 per cent needed for anode production. |
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