EDITION #252
Perth, Western Australia - Thursday March 30, 2023 |
Altech reveals breakthrough high-tech battery GridPack
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Altech Batteries has launched what it says is game-changing technology in the design of its new sodium chloride battery “GridPack”, which it expects to be up to 40 per cent cheaper to produce than lithium-ion batteries. Designed for the renewable energy storage market, the battery uses sodium ions found in table salt and avoids using scarce and expensive metals such as lithium, cobalt, graphite and copper. |
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St George share price jumps after mammoth pegmatite hit
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St George Mining has seen its biggest volume of share trading in nearly two months after recording a continuous 121m pegmatite hit in a single diamond drill hole at its Mt Alexander project, 200km north of Kalgoorlie. The company has reported 225m of pegmatites intersected in the same hole as part of its investigation into a wider target identified by a large seismic reflector. |
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Westgold nails wide gold intercept at Big Bell ahead of PFS upgrade
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Westgold Resources’ targeting and timing looks to be exquisite having just hit a 50m gold intercept at its Big Bell underground mine near Cue in WA ahead of an expanded prefeasibility study for the project expected out shortly. The company says the latest drilling results highlight its potential to expand the operation beyond the limits of the original PFS. The gold producer recorded an impressive 50.37m intercept at a solid 5.05 grams per tonne gold from 746.63m and 200m below the lowest stoping panel outlined in the PFS. |
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88 Energy leaps ahead with deep dive in Alaskan oil field
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ASX-listed 88 Energy has quickly escalated its chase for a lucrative 647 million barrels of oil by tapping into the giant Alaska North Slope basin with drills intersecting three primary reservoirs at its Hickory-1 well. Early interpretations allude to a hydrocarbon pay that will be further assessed by wireline logging and a coring program, as drilling continues to target two deeper secondary reservoirs. |
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Aruma chases up bonanza hits at WA gold play
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Aruma Resources has set the rods in motion at its flagship Salmon Gums gold project in WA’s Eastern Goldfields as it looks to follow up previous bonanza hits of 5m running at 50.2 grams per tonne gold. The exploration program is designed to probe the extent of gold mineralisation at the company’s Iris and Thistle prospects which sit along a 4km stretch of greenstone belt housing Pantoro’s nearby 3.9 million tonne Scotia deposit averaging 3.6 g/t. |
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Empire beefs up gas flow in Beetaloo basin
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Empire Energy says it has boosted production ambitions by lifting its average 30-day gas flow rate by more than 17 per cent in initial tests held at the NT’s Beetaloo Basin. It says a new rate of 2.81 million standard cubic feet (mmscf) per day at its first horizontal well represents a normalised flow rate of more than 3mmscf a day per 1000m of horizontal section. |
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Antilles aims focus at potential Cuban copper-gold cluster
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ASX-listed Antilles Gold is honing its focus on a potential cluster of large copper-gold targets following a series of induced-polarisation surveys and ground magnetics across its El Pilar project in central Cuba. Results gleaned from an area of 700 hectares are expected in the coming weeks and once they have been analysed, the company plans on rolling out an initial drilling program to about 600m. |
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Lithium Energy kicks off drilling campaign hunting graphite resource
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Lithium Energy has begun a 22-hole drilling program at its Corella prospect, part of its Burke graphite project near Mt Isa Queensland. Exploration will be run over an area of 1000m by 500m where previous rock chip samples and an EM survey indicated the potential to delineate a JORC resource to add to the high-grade Burke deposit which contains 6.3 million tonnes at 16 per cent total graphic carbon. |
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Western Mines ups the ante in hunt for nickel monster
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Western Mines Group believes it might have one hand on the tail of an “elusive” dragon in its bid to prove up a Kambalda-style nickel deposit at its Mulga Tank project, 150km north-east of Kalgoorlie. The company has vowed to continue the chase after a 705.4m diamond drill hole hit a 456m assemblage of komatiite ultramafic and interbedded basalts, cherts and sulphide-rich black shales from 183.3m. |
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Askari ramps up rare earths exploration in the Top End
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Askari Metals is eagerly-awaiting results from a reconnaissance mission targeting rare earths at Barrow Creek after rock chip samples highlighted results of up to 4553 parts per million total rare earth oxides. The project is within 40km of Arafura’s Nolans Bore deposit that hosts a JORC-compliant mineral resource of 56 million tonnes at 2.6 per cent TREO. Askari believes it may host similar geology. |
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Riedel rolls up its sleeves at Arizona gold project
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Riedel Resources is putting its pedal to the metal in its hunt for gold in Arizona after hitting the $5 million exploration spending milestone it needed to buy a 51 per cent interest in Flagstaff Minerals. After forking out the big bucks on exploring its historic gold site, the company will now push to fast-track mining plans with immediate metallurgical and environmental studies. |
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Menzies drill plan to fuel Zuleika’s gold production bid
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Zuleika Gold has its drills on standby after it uncovered encouraging gold anomalies in Menzies. The finds have provided a boost for its hopes of producing the precious yellow metal in the “medium term”. The company says one anomaly is 2km long and coincides with a line of poorly-tested historical workings. It plans to complete an in-field review, with possible in-fill geochemistry, prior to drilling. |
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Latin MOU to bolster world-class lithium hopes in Brazil
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Latin Resources has signed a non-binding memorandum of understanding with Invest Minas as part of a bold bid to establish a world-class lithium district in Brazil’s south-eastern inland State of Minas Gerais. Latin’s flagship Salinas lithium project has already defined a maiden mineral resource of 13.3 million tonnes at 1.2 per cent lithium oxide and it says there is significant resource upside. |
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Arafura eyes US$600m in German support for Nolans project
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Arafura Rare Earths has secured critical investment interest for its Nolans project in Australia’s Top End with a provisional untied loan guarantee of up to US$600m from a major German export credit agency. The company has also received in-principle support from the Northern Australia Infrastructure Facility, allowing it to increase its project finance from $100 million up to $150 million. |
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Atlas mineral sands the next steps for Image
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Image Resources is fast approaching ‘mission complete’ at its high-grade Boonanarring mineral sands project 80km north of Perth with the company expecting the ore reserves to be depleted by mid-year. The company has had a stellar run at the project, generating a tidy $50 million bank balance while eliminating its debt ahead of schedule and paying out a maiden dividend to shareholders in the process. Image now has its eyes firmly trained on its next target, the Atlas mineral sands deposit near WA’s Wheatbelt town of Cervantes. |
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Everest fieldwork pushes it closer to capturing WA lithium project
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With mapping now completed, new outcropping identified and geophysics kicking off before a diamond drilling campaign next quarter, Everest Metals is getting closer to full ownership of its Mt Edon project in WA. The company says its most recent mapping program, covering over 192.4 hectares, delivered another surprising exploration windfall, with several new lithium-ceasium-tantalium pegmatites and quartz-bearing veins identified this time, all of which were not previously known to the company before. |
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