ASX News Perth - Kalamazoo to spin out of lithium to focus on gold - Kali Metals
EDITION #319
Perth, Western Australia - Tuesday November 07, 2023
Tietto breaks monthly production record at Abujar gold mine
Tietto Minerals has set a record month for production from its Abujar project at Côte d’Ivoire in West Africa, delivering 12,057 gold ounces for October with a milling output of 4.7 million tonnes per annum.
Buxton Resources’ burgeoning union with mining giant IGO has struck a positive new chord after the latter’s first diamond drillhole at their West Kimberley project confirmed high-grade massive nickel sulphides.
Perfect Timing: GreenTech kicks off lithium drill program
GreenTech Metals has launched a 1500m diamond drill campaign at its Osborne joint venture project in WA’s Pilbara region, just as a trio of mining heavyweights have sunk their teeth into a notable neighbour.
Kalamazoo Resources is set to spin out its Australian lithium projects through a demerger and a concurrent initial public offering of Kali Metals – a fledgling explorer out to raise at least $12 million.
Titanium Sands secures crucial Sri Lankan land access
Titanium Sands is a step closer to securing a mining licence for its Mannar Island heavy mineral sands project in Sri Lanka after landowners affected by the operation signed binding land access agreements.
All rigs point to Marwari target as Strickland flies high
Strickland Metals’ share price has renewed a wild rise that has seen a 446 per cent jump in just eight months as it flew more than 59 per cent today on intriguing news at its Marwari gold deposit in Wiluna.
Alaskan oil rises at Pheonix project for 88 Energy
88 Energy has certified an additional 250 million barrels of oil equivalent in its best estimate of gross contingent reserves within the basin floor fan reservoir at its Phoenix project in Alaska.
Altech Batteries says a definitive feasibility study shows it will be able to pump out 20 per cent more power than expected at its proposed Cerenergy sodium chloride solid-state grid battery plant in Germany.
American West delivers more high-grade copper at Storm
American West Metals continues to record impressive hits at its Storm project in the Canadian province of Nunavut, with a peak result showing a 1.5m intercept at a whopping 8.3 per cent copper from 54.9m.
Antilles Gold has recorded positive new gold and copper hits from diamond drilling at its El Pilar oxide deposit in central Cuba, in addition to a whopping 49.3g/t gold at the company’s nearby Gaspar prospect.
ADX set to appraise reserve upside of Anshof-2 well
ADX Energy is poised to spud the Anshof-2 appraisal well within its AT-II license in Upper Austria. The well will test the field’s current best estimate gross reserves of 5.2 million barrels of oil equivalent.
University to help Everest fast-track rubidium extraction
Everest Metals has signed an MOU with Edith Cowan University to collaborate on rubidium extraction tests on samples from the company’s Mt Edon lithium-caesium-tantalum pegmatite project near Paynes Find in WA.
