EDITION #251
Perth, Western Australia - Tuesday March 28, 2023 |
Who sits in the top tier of Australian gold producers?
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While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn’t get out of bed for that. Take a look which WA company stands head and shoulders above them all. |
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Westgold lands ounce-to-tonne gold hit at Mid West deposit
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Westgold Resources is eyeing a revised mineral resource for its Great Fingall deposit near Cue in WA after recording an impressive 3.5m hit going 45.15 grams per tonne gold from 1337.5m at the operation. The latest drilling results at Great Fingall have provided new data for the deposit that the company says has been reinterpreted as significantly better than the previous mineral resource estimate. |
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Lindian locks in $9 million to fund flagship Malawi project |
Lindian Resources has secured $9 million in funding for its Kangankunde rare earths project, with chairman Asimwe Kabunga tipping in $500,000 as the company closes in on its processing plant construction. The funds come via a share placement at a near 10.5 per cent premium on the past closing price. Two new investors have poured in $7.5 million and $1 million respectively. |
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Watch Bulls N' Bears on Flashpoint |
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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Directors, London fund plough $9.2m into Ora Banda
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Ora Banda Mining directors and London-based investor Hawke’s Point have stumped up a combined $9.2 million as part of a $30 million capital raise to fund the cost of operating the reimagined underground Riverina project. The company says the well-supported shares placement and planned development of the underground system will help set it on the path to producing 100,000 gold ounces annually by the 2025 financial year. |
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White Cliff sharpens exploration focus after rare earths project sale |
White Cliff Minerals will focus its rare earths exploration on the company’s Hines Hill, Diemals and Lake Tay projects after the sale of its Yinnetharra lithium-rare earths project to ASX-listed Minerals 260. The company will receive a total of seven million Minerals 260 shares and $100,000 cash for the sale of Yinnetharra in the Gascoyne region of WA. The transaction value of the deal comes to $2.445 million. |
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Boots on the ground for Cazaly confirms African lithium play |
Cazaly Resources says soil sampling is helping the company hone in on what could be a large lithium deposit in northern Namibia as it also edges towards exploration for rare earths at its Abenab North project. The company says field work at its Kaoko lithium project near Africa’s Skeleton Coast shows elevated lithium should be present across the 12km strike length of the initially-defined anomaly. |
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OD6 lands high-grade rare earths at second Esperance project
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OD6 Metals has confirmed clay-hosted mineralisation at the company’s Grass Patch project after returning assays as high as 3300 parts per million total rare earth oxides (TREO) from its maiden drill campaign. The 93-hole program covered 3399m at an average depth of 36.5m with 23 assays returning results above 750ppm TREO. The widest significant intercept was a 59m hit at 1091ppm TREO from 24m at the site’s Belgian prospect. |
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Venture enhances prospectivity hopes with new targets in WA
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Venture Minerals believes the identification of two new priority nickel-copper-PGE targets by its JV partner Chalice Mining will enhance the prospectivity of its South West project, 240km south of Perth. Two previously-identified soil anomalies have been extended and better defined during a phase-two program at the project Venture describes as a look-alike to Chalice’s Julimar discovery. |
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Kula adds lithium to long list of targets in WA Goldfields
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Kula Gold’s latest boots-on-ground foray at its Marvel Loch project in WA’s Goldfields has etched out an intriguing lithium-bearing pegmatite returning respective anomalous lithium and tantalum grades of 59.8 ppm and 55.5 ppm. The project sits 90km north of Covalent Lithium’s behemoth Mt Holland deposit, which boasts a resource of 186 million tonnes coming in at 1.53 per cent lithium oxide. |
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Infinity goes high-tech to find underground Pilbara minerals |
Infinity Mining is turning towards space to find what lurks underground at its Tambourah South project in the East Pilbara, where it is chasing pegmatite-hosted lithium, rubidium and rare earths mineralisation. The company is installing a new, advanced geophysical method to map several hundred metres of subsurface and to create 3D data visualisation to help focus its exploration activities. |
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