PUBLIC COMPANY NEWS, VIEWS & CEO INTERVIEWS |
Perth, Western Australia - Friday June 04, 2021 |
Latin on Cloud Nine after posting ‘world-class’ halloysite resource |
ASX-listed Latin Resources has delivered a maiden 207 million tonne inferred kaolin-halloysite resource at the Noombenberry project in WA. The newly named Cloud Nine deposit resource includes an eye-catching 123Mt of bright white kaolin bearing material and 84Mt of kaolin-halloysite material, sending the company on a path to fast-track production with a pre-feasibility study next on the cards. |
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Riedel lights up extensive new US gold-silver targets |
Riedel Resources is quickly breathing new life into exploration of the precious metal-rich terrane around its Kingman project in the US. A detailed evaluation of regional geophysics data covering the project area has lit up two new, extensive gold-silver targets along strike from the historical Jim’s gold mine. The targets below a thin veneer of desert sands now await drill testing. |
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Antilles building gold portfolio in Cuba |
Antilles Gold looks poised to add a second gold project to its impressive Cuba portfolio. The company has now agreed on a US$3 million work program and budget with government-owned GeoMinera that will see the two groups form a joint venture to explore and potentially develop the Golden Hills copper-gold project in the east of the Caribbean nation. |
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Kaiser ready to showcase Maldon’s golden promise |
Canadian-based Kirkland Lake Gold’s spectacular recent gold production history at Fosterville in central Victoria has overshadowed performances at many gold operations around Australia of late. There was a time when Maldon, not far to the south-west, was doing the same thing. Kaiser Reef is determined to revisit those glory days. |
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Reedy Lagoon partners with CSIRO on magnetite research |
Reedy Lagoon has engaged Australia’s premier science and research agency, CSIRO to help it demonstrate magnetic modelling can play a dominant role in establishing JORC compliant magnetite iron resources. Success will mean less drilling at projects such as Burracoppin in WA. The research, which could lead to reduced exploration ground disturbance and cost, focuses on the application of petrophysically constrained magnetic modelling. |
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Anglo Australian impresses with maiden Mandilla gold resource |
Anglo Australian Resources has tabled an impressive maiden resource for its flagship Mandilla gold project in WA, with the company defining over 500,000 ounces of gold. The milestone is the culmination of nearly 18 months of solid exploration, with the company having now outlined gold mineralisation over more than 2.5 kilometres of strike and down to 300 metres below surface. |
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Bardoc expands cornerstone Aphrodite gold deposit |
Bardoc Gold continues to kick goals at its 1.7-million-ounce Aphrodite gold deposit in WA, with recent drilling returning a quiver of high-grade gold hits that sit outside the current ore reserve and pit design. Results come from the newly discovered Omega lode include 14 metres at 7.63 grams per tonne gold from 106m and 5m at 3.99 g/t gold from only 67m down-hole. |
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Element 25 set to secure manganese haulage contract |
Element 25 has sewn up a road transport deal with the Pilbara-based AK Evans Group that will see the bulk haulage and construction company truck manganese concentrate from the manganese producer’s new Butcherbird mine to Utah Point in Port Hedland for export. The two parties have signed a letter of intent and are in the process of finalising a long-term commercial arrangement. |
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Another strong nickel sniff for Estrella at Carr Boyd |
Estrella Resources has received another fillip as it bids to inject new life into the historical Carr Boyd nickel-copper camp north of Kalgoorlie in Western Australia with a follow-up wide drill intersection of mineralised sulphides in the T5 discovery zone. The 12.25 metre zone of stringer and disseminated nickel-copper massive sulphides was intercepted below an earlier massive sulphide hit. |
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Hot Chili fast-tracks Costa Fuego copper feasibility |
Hot Chili is looking to ramp up copper production from its emerging Costa Fuego hub in northern Chile as the red metal trades at close to US$10,000 per tonne. The company is already pushing out copper from high-grade lodes at its Productora mine and is now casting an eye over the Cortadera porphyries as it contemplates a larger-scale operation. |
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Chip samples show bonanza silver and impressive gold grades for PolarX |
Rock chip samples from PolarX’s Black Canyon claims in Nevada have given up some spectacular silver grades and impressive gold values. Some silver assays were above 1,000 grams/tonne, or more than 32 ounces to the tonne silver. The samples come from Nevada’s Humboldt Range. |
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Tietto builds towards new Cote d’Ivoire gold resource |
Tietto Minerals has continued to pile on the high-grade gold intersections from infill and extensional diamond drilling at its Abujar gold project in Cote d’Ivoire, West Africa. The pick of the company’s latest spate of stellar gold drill hits was 7m going 6.23 grams per tonne gold including 1m at just shy of 40 g/t from 578m depth in the AG Core zone. |
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Blackstone reports Ta Khoa platinum group element boost |
Blackstone Minerals has served up high recovery rates from hydrometallurgical testwork on platinum group elements from its Ta Khao project in Vietnam. The stellar returns going 94 per cent palladium, 80 per cent platinum and 81 per cent rhodium appear to boost the company’s plans to achieve by-product credits and reduce costs of supplying nickel-cobalt-manganese to lithium-ion battery markets. |
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Golden Eagle coughs up high-grade hits for Ora Banda |
WA gold producer, Ora Banda Mining has returned a clutch of high-grade drill results from the Golden Eagle underground mine, one of a series of satellite gold deposits lined up to feed the company’s Davyhurst gold processing plant about 120km north-west of Kalgoorlie. Stand-out diamond drill intersections were 19m at 5.4 g/t gold including 11.1m at 8.9 g/t, and 5.8m at 15 g/t. |
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Strike adds funding firepower as first Peru iron ore shipment looms |
ASX-listed Strike Resources has poured $5 million into its treasury via a “significantly oversubscribed” equity raise, with funds to be used for the ramp-up of production at its Apurimac iron ore mine in Peru and advancing the Paulsens East iron ore project development in WA. The company is looking to double Apurimac’s direct shipping iron ore sales from 125,000 tonnes to 250,000 tonnes per annum. |
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Emu dishes up new high-grade gold zones in WA |
WA focused explorer, Emu NL has identified two new high-grade gold shoots at the Gnows Nest gold project, together with a new gold zone at the adjoining Monte Cristo prospect from recent drilling near Yalgoo in the Murchison. Drilling to follow-up a suite of eye-catching results including 3m going 42.17 grams per tonne gold is now on the cards. |
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Caeneus closes on maiden drilling start in Pilbara gold quest |
Davide Bosio’s arrival to bolster Caeneus Mineral’s corporate profile comes as the tiny Pilbara explorer prepares to kick off a maiden drilling program at one of the most intriguing nearology plays in Australia’s resurgent gold space. Start-up of an aircore rig at Roberts Hill is likely to coincide with an announcement by Caeneus’ neighbour De Grey Mining of its first resource at Hemi. |
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Torian piles up Mt Stirling high-grade gold hits |
Fresh from an interim updated mineral resource estimate for its Mt Stirling gold project about 40km north-west of Leonora in WA, Torian Resources continues to rack up multiple shallow, high-grade gold hits that are set to further expand the Mt Stirling deposit. The Perth-based junior explorer says it has only “scratched the surface” at the project, with a wealth of high-priority targets to be followed up. |
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Maximus targets resource extensions at Larkinville near Kambalda |
Maximus Resources has kicked off a round of RC drilling at one of its promising gold projects as it looks to uncover a replica of the rich former Wattle Dam gold mine within its Spargoville tenement package about 25km from Kambalda. The planned 1,500m of resource extension and infill drilling slated for the Larkinville deposit forms part of the company’s larger 4,000m RC campaign across the Spargoville area. |
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Ardea takes steps to cement Kalgoorlie nickel production base |
Ardea Resources has initiated vital feasibility study work for its Kalgoorlie Nickel Project, appointing key consultants to supervise its new study and launching into a barrage of test work, as it looks to position to supply nickel-cobalt sulphate products into the battery sector. |
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Si6 to intensify Laverton gold search |
ASX-listed Si6 Metals is set to shift its gold exploration activities at the Monument project in WA’s Laverton gold district into higher gear via commencement of a 125-hole air-core drilling campaign. A scheduled mineral resource update for its Korong and Waihi prospects is also just around the corner. Si6 says new gold anomalies have been defined at Monument and drill-target generation work is set to intensify. |
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Mount Ridley fires up rig in WA iron ore search |
ASX-listed Mount Ridley Mines has lifted the tempo of its iron ore search at Weld Range West in WA’s mid-west, along strike from Sinosteel’s 300 million tonne Weld Range resource in the region. A second drilling campaign has started on the back of visual cues from Mount Ridley’s maiden drilling programme for which assays are awaited. |
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Kairos fires up Pilbara gold search |
ASX-listed explorer, Kairos Minerals has launched a significant follow-up reverse circulation drilling campaign at its Mt York gold project about 100km south of Port Hedland in WA’s Pilbara region. The Perth-based company has two rigs going gangbusters at the project’s three main deposits and an array of nearby targets where it plans to complete an initial 150 drill holes for about 20,000m. |
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Okapi launches NSW gold hunt |
ASX-listed junior explorer, Okapi Resources expects to start a maiden drilling program at its Enmore gold project about 30km south-east of Armidale in NSW’s New England Fold Belt this week after securing a drill rig. The Perth-based company plans to drill an initial eight-to-10 reverse circulation holes totalling about 1,000m at the project’s key Sunnyside and Bora prospects. |
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Kingwest delves deeper for Menzies gold extensions |
ASX-listed aspiring gold developer, Kingwest Resources has kicked off another round of reverse circulation drilling targeting depth extensions to a triumvirate of key near-surface satellite deposits that form part of its flagship Menzies gold project in WA. The company will look to delve deeper at the project’s Lady Shenton, Lady Harriet and Yunndaga systems to test for gold mineralisation beneath the current indicated and inferred resources for each. |
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Calima fires up rig for Alberta oil development wells |
Canada-focused oil and gas producer, Calima Energy has cranked out the rig for a three-well campaign into the oil-rich Sunburst Formation at the Brooks project in Alberta. The Gemini 1 well has already spudded, with the Gemini 2 and Gemini 3 wells due to follow as the company looks to ramp up oil production from its Blackspur oil facilities. |
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Lithium Australia launches new battery fertiliser trial |
Following successful field trials last year ASX-listed Lithium Australia, through its 90 per cent owned recycling division, Envirostream Australia, has launched into an expanded trial program to test the use of recycled alkaline battery material as fertiliser micronutrient across sites in Western Australia and South Australia. Two products are being evaluated for use in manganese-deficient soils across the four WA sites and one in SA. |
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ADX delivers cash-flow boost with better oil price hedge |
ADX Energy says it has enhanced its hedging position for production from Gaiselberg and Zisterdorf oil field assets in Austria’s Vienna Basin, serving up a cash-flow boost from the operations. The revised hedging status together with a stronger oil price are expected to provide a substantial increase in sales revenue from the two oil fields. |
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Middle Island looks to grow Sandstone mill supply options |
Middle Island Resources is set to restart targeting and drilling at its Sandstone gold project in Western Australia’s Murchison region in a bid to add ounces and fine tune the economics of its recently delivered project feasibility study. The company is aiming to unearth at least 25,000 ounces of new resources on its own ground or from a nearby third-party source. |
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Dart back drilling Victoria porphyry copper-gold discovery |
Dart Mining is back on the ground drilling at its Granite Flat copper-gold discovery in north-eastern Victoria, where it generated some impressive gold and copper assays in 2020 including 19m at 9.39g/t gold and 0.61 per cent copper from only 28m. The restart follows hot on the heels of recent Lidar survey and ongoing geophysical work that continues to extend the burgeoning porphyry target. |
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Taruga chases high-grade copper at Wyacca in SA |
Taruga Minerals has launched a second phase of drilling at its Wyacca copper discovery in South Australia, following up on recent impressive results which included intervals grading up to 9.5 per cent copper and chasing targets along more than 7km of strike. |
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Surefire reels off more Yidby Road gold hits |
Surefire Resources has continued to build on its exciting late 2020 gold discovery at the Yidby Road prospect with a further set of thick intersections from a follow-up RC drilling program at its Yidby gold project in WA. The pick of the latest assays from Yidby Road was a 26m intercept going at 2.02 g/t gold from 126m including 2m at 10.05 g/t from 141m. |
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Sandstone gold strikes stacking up for Alto |
ASX-listed gold explorer, Alto Metals has delivered another impressive bundle of broad and high-grade gold intersections from a significant step-out reverse circulation and diamond drilling campaign along the 3km-plus “Lords Corridor” at its Sandstone gold project in WA. Best of the latest assays was 72m at 1.2 g/t gold from 60m including 12m at 5.1 g/t from 108m with 4m at 10.1 g/t from 122m. |
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Altech files Australian patent for battery coating technology |
Altech Chemicals has stepped up efforts to expand the use of high purity alumina, or “HPA” in the burgeoning lithium-ion battery market, filing a patent for its anode-coating technology with IP Australia. Demonstration of better battery performance through the use of an alumina-based battery anode coating could open up another lucrative new market for HPA from Altech’s under-development US$280 million plant at Johor in Malaysia. |
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Warrawoona construction on track as Calidus taps first debt |
ASX-listed Calidus Resources’ plant construction at its Warrawoona mining and processing operation about 25km south-east of Marble Bar in the East Pilbara region is well advanced as it draws down the first tranche of funds from a Macquarie Bank $110 million debt facility. The company says its new mine remains on budget and on course to pour first gold in the June quarter next year. |
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Castle launches test work on reactivated Kambale graphite project |
ASX-listed junior explorer, Castle Minerals has kicked off metallurgical test work on samples of graphitic material excavated from its reactivated Kambale graphite project in Ghana’s Upper West Region. The company says the initial testing by Metallurgy Pty Ltd and Independent Metallurgical Operations Pty Ltd, which is expected to take about one month, will focus on flotation concentrate production. |
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Classic to shift focus to Forrestania gold after firming Fraser Range JV |
Classic Minerals has retained Australian mid-tier miner IGO Limited as an exploration joint venture partner at its Fraser Range nickel-copper prospect in WA. It will pocket a $500,000 payment from IGO for 51 per cent of the prospect and the senior partner has committed a further $1m for ongoing exploration. The deal leaves Classic to focus on becoming a gold producer at Forrestania. |
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Owens takes over the reins at Godolphin |
ASX-listed NSW precious and base metals explorer, Godolphin Resources has appointed experienced geologist, Jeneta Owens as its new Managing Director. The Orange-based company’s decision comes after former Chief Executive Officer, David Greenwood recently returned to WA for family reasons in the wake of COVID-19 travel restrictions. Owens was previously an exploration manager and exploration team leader at the Northparkes copper gold mine, adjacent to Godolphin’s assets. |
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Impact drilling sulphides at Broken Hill PGE target |
Impact Minerals appears to be on target at its Broken Hill PGE project in New South Wales, with diamond drilling intersecting disseminated and vein sulphide mineralisation over significant widths in the basal units of the Little Broken Hill Gabbro and Red Hill chonolith. The deeper drilling campaign appears to have confirmed results of earlier exploration and hints at the significant PGE endowment of the region. |
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Sihayo builds cache of solid gold hits at namesake project |
ASX-listed Indonesia gold explorer, Sihayo Gold has returned further encouraging gold hits from an ongoing diamond drilling program at its Sihayo gold project in North Sumatra. Better assays from the latest hole at the brownfields Sihayo-2 prospect include 8.4m at an average grade of 2.56 g/t gold from 47m and 9.8m at 1.77 g/t from 77m. |
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