Perth, Western Australia - Tuesday August 17, 2021 |
Calidus makes leap from explorer to miner |
Perth-based miner Calidus Resources is on track to become Australia’s next gold producer. Construction at the company’s Warrawoona gold operation in the Pilbara region is now more than 50 per cent complete and Calidus is on target to deliver its first gold pour in the first half of next year, defying the challenges of labour shortages and supply disruptions. |
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Pan Asia builds case for Thai lithium play |
Pan Asia Metals takes the mantle as the only active lithium and tungsten explorer in South-East Asia with three prospective projects along the renowned South-East Asian tin-tungsten belt. The company’s lithium hunt is motoring along with a focus on its Reung Kiet project in Thailand where multiple solid lepidolite hosted lithium intercepts are being delivered. |
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Indiana onto new Gawler Craton gold target in SA |
Indiana Resources has continued its run of success across South Australia’s revered Gawler Craton, with regional exploration drilling on the gold-rich Labyrinth Shear turning up a new gold discovery along strike from the company’s Ariadne prospect. Better results from the Ariadne East discovery include 8 metres at 1.2 grams per tonne gold from 36m and 4m at 2.28 g/t gold from 40m down-hole. |
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Australian Bauxite expands Tasmanian rare earths project |
Australian Bauxite is building on the intriguing recent discovery of rare earth element accumulations within its Tasmanian bauxite project. New assay results have significantly increased the extent and thickness of rare earths enrichment with new mineralised zones trending to the north and south. The drill rig is rapidly being upgraded in readiness for drilling the possible source rock that lies to the northeast of the high-grade zone. |
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88 Energy uncovers oil in three Alaskan reservoirs |
Things just got interesting in 88 Energy’s oil hunt at its Project Peregrine in the revered North Slope of Alaska with post-well evaluation of the Merlin-1 well demonstrating the presence of oil in three reservoirs. Results from the well have led to a targeted mean total prospective resource at the project of a whopping 1.6 billion barrels of oil. An appraisal well is now on the cards. |
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Okapi uncovers 2km lithium target in WA Goldfields |
ASX-listed Okapi Resources has uncovered a 2-kilometre-long lithium target from a recently completed soil program at its newly acquired Lake Johnston project 450km east of Perth in Western Australia. Lithium in soil results have graded up to 86 parts per million and bear strong similarities with nearby results recently announced by joint venture partner Charger Metals at the adjoining Mount Day project. |
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Insto’s to plough $50m into Galan Lithium |
Galan Lithium is set to grow its bank balance by whopping A$50m after receiving firm commitments from institutional and sophisticated investors for a placement that will see the company fast-track exploration and development works across its Hombre Muerto West and Candales lithium brine projects in Argentina’s Salar del Hombre Muerto. |
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Aldoro hits sulphides in second WA drill hole |
Aldoro Resources has followed up its “hole in one” late last week with a second sulphidic drill hole from the company’s Narndee base-metals project in WA. The company’s second drill hole hit 11.2m of sulphide mineralisation, including 3.9m of the elusive massive sulphides from the southern strike extensions to its VC1 electromagnetic target. The company’s maiden drill hole over the target delivered 2m of massive sulphides. |
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Market backs Great Southern with oversubscribed $2.5m raise |
Great Southern Mining has rattled the tin for a $2.5m that will largely be funnelled into exploration at its exciting Duketon gold project about 45km north of Laverton in WA’s prolific north-eastern Goldfields. Last week the company reeled off a stellar 59m drill intersection grading 2.1 grams per tonne gold from 53m down hole at the company’s Southern Star prospect. |
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Taruga set to join south-west WA mineral hunt |
Taruga Minerals is set to join the expanding field of hopefuls hunting for a repeat of Chalice Mining’s spectacular Julimar nickel/platinum discovery in the south west mineral terrane of Western Australia. A detailed review of the company’s comprehensive ground position surrounding the forestry mecca of Manjimup has turned up a quiver of new targets, including intrusive-style nickel-copper mineralisation at Manjimup East. |
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Latin wraps up Merredin halloysite drilling campaign |
Latin Resources has now completed a comprehensive program of infill and extensional drilling at its Cloud Nine kaolin-halloysite discovery in Western Australia’s Wheatbelt region. The company’s recent exploration program has provided a wealth of samples for ongoing metallurgical test work, as Latin continues to piece together the various components of its maiden feasibility study over the project near Merredin. |
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Venus drills 17m high grade gold hit at Youanmi |
Venus Metals and joint venture partner Rox Resources have continued to rack up high-grade gold hits with infill reverse circulation drilling at their Youanmi gold project in the Murchison district of Western Australia. A cracking 17 metre interval grading 5.14 grams per tonne gold was encountered from 151 metres downhole. Management believes there is strong potential for further increases in the Resource. |
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Lithium Australia moves to patent battery recycling technology |
Lithium Australia is looking to patent the proprietary lithium battery recycling technology developed by its subsidiary, Envirostream. One of the two Australian patent applications relates to its process for recovering battery electrode material from end-of-life lithium-ion batteries. The second application encompasses the process for the selective recovery of mixed metal sulphates from a metal sulphate process liquor following leaching of mixed metal material recovered from lithium-ion batteries |
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St George onto sulphides in WA elephant country |
St George Mining has opened up exploration on a second front and is now hunting giant copper deposits in one of WA’s most enigmatic mineral terranes – the Paterson province, home to a number of elephant sized mineral deposits. The company’s maiden drill program over its extensive tenure in the region has jagged copper sulphides in several drill holes triggering a move to deeper diamond drilling. |
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Strike loads first ship for China with Peruvian iron ore |
ASX-listed Strike Resources’ maiden shipment of high-grade direct shipping iron ore from its Apurimac project in Peru has commenced loading after US$4.5million in revenue hit Strike’s bank account. The MV Federal Nakagawa will leave for China on August 18th and the 35,000-tonne shipment is due to arrive by mid to late September. |
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AVZ hits 2 per cent plus lithium in DRC “step out” holes |
ASX-listed central African lithium developer AVZ Minerals has completed four diamond drill holes on the Carriere de l’Este prospect at its flagship Manono hard-rock lithium and tin project in the Democratic Republic of Congo. Intercepts grading up to 2.49 per cent lithium oxide have extended the known lithium and tin mineralisation over an impressive strike length of 1.2km. |
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Superior strikes gold with first drill hole near Townsville |
Superior Resources has delivered a 10m gold intercept going 2.8 g/t gold from the first hole at the Steam Engine lode, located at its Greenvale project 210km west of Townsville in Queensland. The result, in conjunction with visual observations of thick mineralised zones in other holes, has prompted the company to launch into another 5,000m of drilling aiming to grow the 122,000-ounce deposit at the Steam Engine prospect. |
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Askari winds up maiden Wheatbelt drill program |
ASX-listed junior explorer Askari Metals has completed its inaugural reverse circulation drilling program as it seeks to determine the prospectivity of its Burracoppin gold project in historically worked fields about 20km east of Merredin in Western Australia’s eastern Wheatbelt. The company is now waiting with anticipation on the assay results due in four to six weeks. |
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