EDITION #280
Perth, Western Australia - Wednesday June 28, 2023 |
Strickland cashes in on $61m deal with Northern Star |
Strickland Metals has entered into a binding agreement to sell its Millrose gold project to neighbouring global gold miner Northern Star Resources in a deal worth about $61 million. |
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Image mineral sands mine to make $36m a year for 10.5 years |
Image Resources has tabled a PFS on its proposed new Bidaminna mineral sands project in WA that estimates a total EBITDA over its contemplated 10.5-year mine life of $379m and building costs of $194m. |
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Brightstar joins million-ounce club with resource upgrade |
Brightstar Resources has cracked the magical million-ounce milestone after upgrading the resource for its Cork Tree Well deposit to a total of 1.02 million gold ounces across its Laverton and Menzies projects. |
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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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Quantum testwork achieves near-perfect purity levels
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Quantum Graphite has achieved flake purity grades of 99.99 per cent graphitic carbon following thermal purification results from its final phase of testing on samples from its Uley 2 mine in South Australia. |
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Vulcan signs SLB to boost lithium brine production |
Vulcan Energy Resources has signed a binding term sheet with global energy technology company SLB to increase geothermal-lithium brine production as part of the development of its Zero Carbon lithium project. |
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Warriedar drill campaign extends Murchison deposit cluster |
Warriedar Resources has recorded depth and strike extensions at its Silverstone deposits after receiving assays from reverse-circulation drilling at the company’s Golden Range project in WA’s Murchison region. |
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Valor inks earn-in agreement at Peruvian copper-gold project |
ASX-listed Valor Resources has signed an earn-in agreement with global copper and gold producer Barrick Gold Corporation at its Charaque project in Peru. Valor will now focus on its own nearby Picha operation. |
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Galan gets green light for lithium project development |
Galan Lithium has kicked off pre-construction activities at its Hombre Muerto West lithium brine project in Argentina after being granted its development permits by the local Mines Department Minister. |
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Aurumin knuckles down on “unfinished” lithium business |
ASX-listed explorer Aurumin set the drillbit spinning this morning at its Mt Palmer project in WA, plunging into the first of four planned diamond drill holes to target lithium-bearing pegmatites. |
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New Castle drill program to target wider graphite zones |
Castle Minerals is expanding the RC drilling program at its Kambale graphite play in Ghana, as it seeks to fast-track its project towards development and tap into the lucrative critical minerals supply chain. |
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Western Mines dives deeper into Mulga Tank complex |
Western Mines Group has plunged a diamond hole 1500m into its Mulga Tank project in WA, pulling up more than 950m of nickel sulphide-bearing ultramafic. Drilling and detailed airborne geophysics is continuing. |
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Second-phase drilling proves Indomitable for Alto |
Alto Metals has returned positive results from phase-two drilling at the Indomitable site that forms part of its greater Sandstone gold project, including a 24m hit at 2.2 grams per tonne gold from 160m. |
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Zuleika warms up drill rig to test trio of WA projects |
Zuleika Gold has wrapped up soil-sampling surveys at its Zuleika, Goongarrie and Menzies projects in WA’s goldfields. The company is warming up the drill rig to test multiple compelling targets later this year. |
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Classic Minerals taps into reliable water source |
Classic Minerals has won approval from the WA Government to spud a second water-bore to help run its “Gekko” processing plant and to suppress dust at its Kat Gap gold project in Western Australia. |
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88 Energy set to plunge into Alaskan winter oil hunt |
Oil explorer 88 Energy has confirmed it has multiple targets to test when the Alaskan winter kicks off in October. The company plans to immediately review reems of data in a bid to expand its oil resource. |
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Torque seals deal to lock focus on WA gold project |
Torque Metals has inked a deal to sell its non-core Bullfinch gold project for up to $800,000 in cash and shares to TSXV-listed Altan Rio Minerals, sharpening its focus on its flagship Paris gold project. |
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