Perth, Western Australia - Friday July 02, 2021 |
Classic Minerals purring on high-grade gold intercepts at Kat Gap |
Classic Minerals has hit paydirt at Kat Gap in Western Australia with infill and extensional drilling across its evolving resource area intersecting uber high-grade gold mineralisation. Results include the company’s best ever intercept of an impressive 10 metres at 40.54 grams per tonne gold. That drill hit featured an interval of 0.5m going at an astonishing 592 g/t from only 26.5m down-hole. |
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Venture climbs as Chalice uncovers new anomalies at WA project |
ASX-listed Venture Minerals has been buoyed by star stock market performer and joint venture partner Chalice Mining’s newly identified electromagnetic anomalies at the so-called “Julimar look-alike” target at the duo’s South West nickel-copper-PGE project about 240km south of Perth. Punters responded positively to the initial EM anomalies defined by Chalice’s early work, pushing Venture’s share price up almost 15 per cent in trading today. |
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Aldoro poised to kick off WA nickel-copper-PGE drilling |
Aldoro Resources is poised to kick-off drilling at its Narndee project, east of Paynes Find in Western Australia. The company owns a strategic ground holding over the underexplored terrane, with recent work outlining two high-priority nickel-copper-PGE targets that have now been flagged for drill testing in addition to the recent discovery of a potential lithium-bearing pegmatite swarm on the company’s nearby Windimurra tenure. |
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Technology Metals advances WA iron-vanadium DFS |
Technology Metals Australia’s two-step strategy to bring its Yarrabubba magnetite iron ore and vanadium project south of Meekatharra in Western Australia to life ahead of developing its nearby Gabanintha vanadium project, said to be one of the highest-grade undeveloped vanadium deposits in the world, is motoring along. The company has progressed a suite of activities as a definitive feasibility study on Yarrabubba nears completion. |
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Strike set for first Peru iron ore product export |
Trucks laden with Strike Resources’ initial load of premium lump iron ore from its Apurimac project in Peru have left the mine site to deliver the goods at the country’s Port of Pisco, from where it will be shipped. The company is on the brink of striking the export market while the iron ore price runs hot and continues to defy gravity around US$215/tonne. |
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Lithium Australia gains European patent for unique technology |
Lithium Australia has announced that it has been granted a European patent for its in-house LieNA lithium processing technology, said to significantly improve metallurgical recovery of lithium from fine and low-grade spodumene for use in the production of lithium-ion batteries. Improved lithium recoveries boost profit and can reduce both the footprint and environmental impact of mining to enhance sustainability. |
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Strategic’s self-charging battery powers up Bluetooth products |
Strategic Elements has cleared a critical hurdle, with the company’s self-charging battery being used to power a Bluetooth device. The company’s revolutionary technology uses atmospheric moisture to continually energise the battery, with the recent trial utilising the technology to power up a Cypress Semiconductor sensor kit that included a control board, temperature and humidity sensors and a Bluetooth communication module. |
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88 Energy in fine fiscal fettle after Alaskan tax credits windfall |
Alaskan oil and gas explorer/developer 88 Energy now has a full treasury and no debt after closing the recently flagged early sale of state oil and gas tax credits worth US$18.7 million to a US company. 88 Energy now has about A$15m in the tin to accelerate exploration in Alaska where it is targeting more than one billion barrels of gross mean prospective oil resources. |
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Aruma on hunt for Pilbara gold treasure dome |
Aruma Resources is set to increase its tenement holdings at its Saltwater gold project in WA’s Pilbara region. Its application for an adjoining exploration licence covers the “prospective” Spinifex dome structure north-west of the project’s fertile Saltwater structure. The company’s recent drilling at Saltwater points to what it suggests is a potential new gold camp analogous to Kalamazoo Resources’ Mt Olympus gold deposit to the west. |
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Mount Ridley launches rare earth hunt in southern WA |
Mount Ridley Mines is ramping up exploration across its namesake project in the southern Goldfields of Western Australia. The company’s evaluation of its extensive ground-holdings in the region has highlighted its potential to host shallow, clay-hosted REE deposits and a recently completed placement of close to $1 million will help fund the evolving exploration program. |
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Native Minerals streamlines focus on core WA, Qld projects |
Native Mineral Resources is to focus exploration on its core Music Well gold project in the Eastern Goldfields of Western Australia and its Palmerville copper project in North Queensland after divesting its non-core Mt Morgan copper-gold project south of Rockhampton in Queensland to ASX-listed GBM Resources. The two core projects have been delivering bumper grade samples including 129 grams per tonne gold at Music Well. |
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Nicholson takes up MD mantle at Ora Banda |
Ora Banda Mining’s retiring managing director David Quinlivan has officially handed over the MD’s baton to Peter Nicholson, who has been in the CEO’s chair for the past three months. Mr Quinlivan will now switch to being a non-executive director of the company. The executive leadership transition comes after Mr Quinlivan played an instrumental role in reviving Ora Banda’s Davyhurst mine about 120km north-west of Kalgoorlie. |
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Torque hits ground running at Boulder-Lefroy project |
Stockmarket newcomer Torque Metals has wasted no time cranking up drill testing at its Paris brownfields gold project within WA’s world-class Boulder-Lefroy Fault Zone gold province. With the dust still settling on the successful listing of its shares on the ASX late last month, the junior gold explorer has already completed an initial round of RC drilling at Paris about 120km south-south-east of Kalgoorlie. |
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Troy draws gold major Barrick into Guiana Shield gold hunt |
ASX-listed Troy Resources has attracted global gold major Barrick Gold Corp into its large Karouni gold project in Guyana. A new joint venture agreement will see Barrick target tier-one gold finds in the southern part of Troy’s ground, including around the exciting Potaro prospect, while the Australian company continues to explore and develop in the north. |
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