EDITION #316
Perth, Western Australia - Friday October 27, 2023 |
100’s of pegmatites across 7 projects for newly listed Chariot |
Perth-based Chariot Corporation will hit the boards at the ASX today with its foot on pretty much every potential lithium-bearing pegmatite in the US state of Wyoming and a clay-based lithium play in Nevada. |
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Auric reports record price for Jeffreys Find gold sale |
Auric Mining has recorded one of the highest-ever gold price sales in Australia after selling 1361 ounces from its Jeffreys Find mine at $3130 per ounce to the Perth Mint for a gross revenue of $4.26 million. |
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Lithium Energy pumps up Solaroz brine resource |
Further drilling at Lithium Energy’s Solaroz brine project in Argentina has converted more than 70 per cent of its 3.3-million-tonne maiden mineral resource estimate into the higher “Indicated” category. |
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Xanadu drilling hits new gold zone at Mongolian project |
Xanadu Mines has uncovered a new gold zone below its Golden Eagle deposit at the company’s Kharmagtai copper-gold project in Mongolia with a follow-up drill campaign already underway to test the area. |
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Reach expands lithium footprint in the Gascoyne |
Reach Resources has acquired a new Mining Lease located in the prospective Gascoyne region of WA which it plans to incorporate as part of the company’s existing Morrissey Hill lithium project. |
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Export Finance Australia backs Vulcan with $200m pledge |
Vulcan Energy has received a conditional, non-binding letter of support from Australia’s export credit agency for up to $200m to back its unique geothermal lithium brine project in Germany. |
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High-purity silica sand mass emerging for Allup in WA |
Boots on ground at Allup Silica’s Cabbage Spot project, 95km from Wyndham Port on WA’s Kimberley coast, has mapped out an extensive silica-rich system with previous sampling peaking at 99.4 per cent silica. |
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Infinity Mining expands Pilbara footprint with new gold-VHMS ground |
Infinity Mining has picked up ground right next to its Hillside project in the east Pilbara, taking the project’s contiguous holdings up to around 400 square kilometres in the multi-commodity prospective area. |
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Alto drilling shows new life for historic Bull Oak deposit |
Alto Metals has recorded some solid hits from the first four holes sunk at its historic Bull Oak deposit including a 55m intercept grading 1.5 grams per tonne gold from 127m with a 1m section at 21.1g/t gold. |
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KalGold hails early drilling success in Goldfields |
WA explorer, KalGold has nailed a string of solid gold hits at its Pinjin project near Kalgoorlie, including multiple intersections running between 10m and 15m wide grading upwards of 5 grams per tonne gold. |
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American West kicks of drill campaign in US copper hunt |
American West Metals has kicked off a maiden drill program at its Copper Warrior project, following up favourable geophysical IP anomalies and outcrop samples returning up to 3.3 per cent copper. |
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Improved gold price adds to Westgold bottom line |
Westgold Resources has recorded its third consecutive quarter of cash build with a strong gold price helping it add $25 million in cash, bullion and liquid assets to its books to close with $217 million. |
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Regener8 modelling points to rare earths carbonatite near Kalgoorlie |
Regener8 Resources has completed 3D magnetic inversion modelling over rare earths targets within its East Ponton project that has highlighted multiple complex magnetic anomalies at the Grasshopper prospect. |
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Geophysics to light up Kimberley nickel for Lycaon |
Lycaon Resources has begun downhole electromagnetic surveys on two 800m deep diamond holes at its Bow River project in WA’s East Kimberley to chase conductors related to big nickel-copper sulphide intercepts. |
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