PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Perth, Western Australia - Friday May 21, 2021 |
Lithium Energy hits the boards after oversubscribed $9m IPO |
South America lithium brine hopeful, Lithium Energy has listed on the Australian Securities Exchange after successfully shaking the tin for $9 million in a “heavily oversubscribed” IPO. The new Perth-based company, a spin-off from ASX-listed iron ore junior, Strike Resources, will now look to step up exploration efforts at its flagship lithium brine project in Argentina. |
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Auroch returns to promising South Aust copper-zinc play |
Robust nickel drill results from Nepean in WA have been firing market interest in Auroch Minerals of late. However, the company has been keen to resume its high-grade copper and zinc search in South Australia and that is now imminent following successful land access talks and recent bolstering of Auroch’s treasury. |
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Deep probe proves Cortadera a copper monster |
Six years ago Hot Chili won the prestigious Emerging Company Award at Diggers & Dealers in Kalgoorlie and it has since shown its grit by accumulating a huge copper-gold-silver-molybdenum inventory at its Cortadera project in Chile, where a massive new deep target has now been outlined. |
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Robe Mesa economics to get significant boost from Onslow port: report |
WA junior iron ore development aspirant CZR Resources could get a material economic boost for its proposed Robe Mesa iron ore project from new port facilities at Onslow, west of the project, according to a new report. Work on the company’s definitive feasibility study is now occurring in parallel with a deeper assessment of logistics options. |
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Australian military trials Strategic automated technology |
Strategic Elements is set to trial its “Stealth” autonomous security vehicle with Australia’s Defence Science and Technology Group which forms part of the Department of Defence. The DSTG will conduct a feasibility study on the potential use of the company’s innovative platform in a range of high-risk environments, including chemical, biological, radiological and nuclear-compromised terrains. |
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Latin retains exposure to South America copper |
ASX-listed Latin Resources has made the canny decision to maintain its major shareholder position in Westminster Resources, with the company stumping up C$540,000 to help fund a strategic copper acquisition and retain a 24 per cent holding in the TSX Venture Exchange-listed explorer. Westminster is purchasing the Mostazal copper project in Chile, which has a history of high-grade copper production and hosts a large porphyry target. |
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Mineral Commodities joins EU ‘smart’ exploration push |
Mineral Commodities will gain access to funding and exploration technology for its activities in Norway under the European Union’s Horizon 2020 Smart Exploration Project after signing up to the EU initiative. It will look to apply new “Smart” exploration methods in drill target delineation at its Bukken, Hesten and Vardfjellet graphite prospects starting in the June quarter. |
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Troy adds hot Potaro target near Karouni |
ASX-listed Troy Resources has increased its exposure to the geologically prospective Makaba Kuribrong Shear Zone around its Karouni gold mine in Guyana, snaring the “must-have” Potaro target in a progressive land acquisition program that has expanded its Karouni holdings to 3,000 hectares. Potaro, about 20km south of the Karouni gold plant, was identified by Troy as a key pick-up two years ago. |
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Venture on cusp of Tassie iron ore production |
Venture Minerals has begun commissioning the key wet screening plant at its former Riley iron ore mine in Tasmania as it edges closer to a full operational restart. The company says with plant construction completed and the commissioning phase underway, it remains on course to ship out the first iron ore product from the rejuvenated project in the current quarter. |
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Arrow cranks up hunt for Burkina Faso gold |
ASX-listed gold explorer Arrow Minerals has kicked off a reverse circulation drilling program at one of a bevy of gold targets that lie within its 1,500-square-kilometre project tenure straddling the fertile Boromo Greenstone Belt in Burkina Faso. The company says it plans to drill 16 RC holes for an aggregate coverage of 2,000 metres at the Poa prospect at its Divole East exploration permit. |
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AVZ lobs mining licence application for DRC lithium project |
ASX-listed central Africa lithium hopeful, AVZ Minerals has lodged the all-important mining licence application for its proposed Manono hard-rock lithium and tin project development in the Democratic Republic of the Congo. The Perth-based company says the DRC Government now has all the required documentation to support its application. |
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More shallow bonanza gold for Zuleika at Paradigm East |
Aircore drilling has produced more spectacular gold assays for Zuleika Gold at its namesake project near Kalgoorlie, including a 2.13 ounces per tonne intercept over 1m at Paradigm East where the company is partway through an aggressive 2021 drilling campaign. Two parallel gold systems have been identified in a 2.5km-long structural corridor off the regionally significant Zuleika Shear Zone. |
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More grist for Horizon’s planned Boorara mill |
Horizon Minerals has added more gold tenements and licence applications around Kalgoorlie with the latest acquisitions being a short trucking distance from the flagship Boorara project, just south-east of Australia’s major gold hub. The additions include both surface and deeper resources as well as targets at the neighbouring Cannon underground mine. |
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Antilles spots visible mineralisation in Cuban drill core
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ASX-listed Antilles Gold is racing through its resource definition program in Cuba, with two diamond drills going flat strap and hitting the midway point of a 15,000-metre campaign at Delita. The company is looking to drill out an exploration target of 16 and 20 million tonnes at a grade of 2.3 to 2.7 grams per tonne gold before launching into feasibility work in 2022. |
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Northern Minerals set for new WA rare earth drilling blitz
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Northern Minerals is set to leap back into rare earth exploration at Browns Range in WA’s Kimberley region, tabling a plan to drill up to 10,000m. The upcoming reverse circulation drilling will follow up on the last field season that generated numerous stellar rare earth oxide hits including 12m going 0.43 per cent TREO from just 34m. |
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ClearVue sees growing market window for advanced glazing technology
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ClearVue Technologies could be on a course to commercial delivery of its advanced window glazing products into the world’s major building markets within 12 months after this week announcing successful delivery of design improvements in new prototypes. The latest single and double-glazed, power-producing prototypes add to ClearVue’s triple-glazed offering, broadening the market appeal of its developing product range. |
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More sulphide hits for Estrella at Carr Boyd
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The hits keep coming for Estrella Resources, with drilling at its Carr Boyd nickel project continuing to intersect sulphide mineralisation. Two drill holes above the feeder zone of the T5 discovery have intersected more than 47 metres of disseminated to matrix-textured sulphides, with mineralisation including visible nickel-rich pentlandite and copper-rich chalcopyrite. Assays are not far away. |
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Comet grows Mexico gold footprint
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Comet Resources has pulled off something of a coup, entering into an agreement to acquire the mineralised extensions to its Santa Teresa gold mine in northern Mexico. The company is looking to secure the La Sorpresa III lease to the north-west of its mine, said to hosts a number of old shafts and workings, where historical records show production grading at an incredible 280 grams per tonne gold. |
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Sihayo satellite target yields promising early gold sniffs
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ASX-listed Indonesia gold explorer, Sihayo Gold has generated encouraging early gold assays from a diamond drilling program at one of the brownfield prospects at its namesake project in North Sumatra. Notable intersections from nine drill holes completed at the Sihayo-2 prospect were 24.8m at 1.09 g/t gold from 52m including 6m going 2.46 g/t, and 8m at 1.32 g/t from 96m including 1m at 4.4 g/t. |
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Novo lands key PhotonAssay deal for Nullagine gold mine
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TSX-listed WA gold producer, Novo Resources has moved to speed up the process for receiving its gold assay results. The company has now secured a deal with Intertek Testing Services (Australia) Pty Ltd that will see the latter provide on-site laboratory and sample preparation services and PhotonAssay services. Intertek will manage an on-site laboratory at Novo’s Golden Eagle gold processing plant near Nullagine in East Pilbara. |
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Maximus adds regional targets as Spargoville drilling momentum builds
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Busy WA goldfields explorer Maximus Resources is looking to repeat recent significant gold exploration success around its Spargoville tenements near Kambalda with a short initial drilling program at Yilmia and Karramindie north of its current search focus at the former Wattle Dam gold mine. About 800m of RC drilling at Yilmia will probe for a repeat of Karora Resources’ growing Spargo’s Reward deposit. |
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WA gold hits continue to flow for Anglo Australian
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ASX-listed Anglo Australian Resources has delivered further stellar gold hits at the Mandilla gold project in WA, with a maiden resource estimate due for release shortly. The new drill intercepts at Mandilla East have extended the known mineralisation by 130m to the south and include 66m going 1.77 grams per tonne gold. Results from nearly 10,000m of drilling remain pending. |
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Coda fires up drill rigs in SA copper search
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Coda Minerals has shifted exploration at the Elizabeth Creek copper project in South Australia into higher gear. A major drilling campaign is underway to convert an existing exploration target at the Emmie Bluff prospect, estimated at 46-77 million tonnes going at 0.5-2.3 per cent copper-equivalent, into a maiden resource. Priority regional targets are also to be tested. |
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Strike takes key steps toward WA iron ore production
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Aspiring iron ore producer, Strike Resources continues to march forward with its plans to develop the Paulsens East iron ore project in the Pilbara region of WA. The company has advanced a string of key activities as it looks to deliver a final investment decision in the third quarter this year on the 9.6 million tonne resource going 61.1 per cent iron. |
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Kairos hits nickel sulphides at Roe Hills
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ASX-listed Kairos Minerals is waiting for assays from a reverse circulation drilling program completed at its Roe Hills gold and nickel project about 120km east of Kalgoorlie in WA, however visual indications of sulphides in rock chips have management eager to move forward. The Perth-based company punched out 20 holes for a total of 2,992 metres at the Caliburn, Talc Lake and Black Cat prospects. |
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Okapi launches WA kaolin quest
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ASX-listed Okapi Resources has kicked off exploration work at its Holly kaolin project in southern WA as part of technical due diligence relating to the recently announced planned acquisition of the project’s owner. The Perth-based company collected about 15 kaolin samples from Holly this week for assaying at a laboratory in Perth. |
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Wiluna Mining to join big league after $93m funding deal
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Wiluna Mining Corporation is poised to build the production platform that will position it to become one of Australia’s next significant gold mining companies after closing a A$93 million equity and debt funding deal to initially catapult its annual production rate from 60,000 ounces of gold to 120,000 ounces over the next 12 months. The company continues to see strong institutional support for its big-picture Wiluna growth blueprint. |
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