Perth, Western Australia - Tuesday September 28, 2021 |
Empire hikes NT oil and gas resources following strategic acquisition
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Empire Energy has massively boosted its Beetaloo Sub-basin oil and gas resources in the Northern Territory following a strategic takeover of Pangaea Ltd and EMG Northern Territory’s acreage in the basin. Empire trebled its gas resource and increased its liquids resource by 3,000 per cent when it pounced on Pangaea and EMG’s ground. The Beetaloo is believed to hold the largest undeveloped gas resource in Australia. |
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Chinese to plough US$400m into AVZ lithium project
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AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX. |
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Tietto hits 4 ounces gold to the tonne in Cote d’Ivoire
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Tietto Minerals’ Abujar gold project in Cote d’Ivoire, West Africa, looks to be a gift that keeps on giving as the company continues to produce a stellar cast of high-grade gold intercepts from an ongoing massive infill diamond drilling program. Best of the latest assays was 16m at 17.6 g/t gold from 69m depth including 2m at 126.57 g/t – or more than 4 ounces gold to the tonne. |
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RCF tips $13.5 mil into Technology Metals for vanadium play
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Technology Metals Australia has secured well known private equity fund RCF as a corner stone backer as part of a two-stage $20m placement that will see Technology Metals fast-track the development of its Yarrabubba and Gabanintha high purity vanadium projects in WA. The projects are just south of Meekathara and will seek to capitalise on the resurgent vanadium price. |
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More sulphide hits for Conico in Greenland
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Multi-metals exploration company, Conico Limited has wrapped up the field season at its Ryberg base and precious metals project on the east coast of Greenland with yet another sulphide intercept. The new hit at the recently discovered Cascata prospect follows several other exciting sulphide intercepts at the Miki prospect some 30 kilometres to the south-west and the Sortekap prospect about 30km to the north-west. |
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Twenty Seven Co launches NSW lithium hunt
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Mineral exploration company, Twenty Seven Co has launched a geochemical sampling program to follow up on recently identified high-grade lithium occurrences at its 100 per cent owned Trident project near Broken Hill in New South Wales. A review of historical geochemical and sample data recently returned multiple lithium pegmatite showings at the project, including a cracking 7.63 per cent lithium oxide sample. |
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Aldoro serves up more WA sulphide hits
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WA-focused exploration company, Aldoro Resources has delivered a thick 35.95m interval of disseminated magmatic sulphides, including 2.95m of massive to semi-massive sulphides at its flagship Narndee nickel, copper and PGE project. The new hit marks the seventh hole of seven to have intercepted sulphides at the VC1 prospect, with assays from the first two holes returning grades up to 1.05 per cent nickel and 2 per cent copper. |
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Impact on the trail of multi-metals in south-west WA province
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ASX-listed junior explorer Impact Minerals has unveiled a number of high priority targets following recently completed soil geochemical sampling work at its Arkun multi-metals project in Western Australia. The Perth-based company says it now has almost a dozen priority targets for nickel-copper-PGM mineralisation to follow up on and the same number of targets that are potentially prospective for lithium-caesium-tantalum pegmatites. |
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Venus unveils Julimar look-a-like South West targets
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Venus Metals is collecting a lot of smoke as it searches for the fire under its Nickel-Copper-Platinum “Julimar look-a-like” targets at its Bridgetown East Project in WA’s fertile South West mineral terrane. The company reported polymetallic anomalies that are closely associated with a suite of prospective mafic-ultramafic rocks, some of which even coincide with an aeromagnetic high and a HEM anomaly. |
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Lithium Energy poised for exploration kick-off at Argentina brine project
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Lithium Energy is preparing to get boots on the ground at its Solaroz lithium brine project in Argentina in anticipation of imminent regulatory approvals being received for its environmental impact assessment. The company says no substantive community or landowner objections were raised at recent public consultation meetings and all outstanding technical information requested after the meetings was submitted to authorities. It now expects to be able to kick off exploration shortly. |
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Kairos rolls out new gold targets at Mt York
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Kairos Minerals has followed up recent stellar gold hits in drilling at its Mt York project in the Pilbara, including a cracking 32m at 3.79 g/t gold. A suite of high priority greenfield targets have also been identified from a geochemistry sampling program. Assays up to 5.38 g/t were returned in soil samples, with drill testing due to commence next month. |
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Okapi nails down Enmore gold asset purchase
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Okapi Resources has pressed ahead with its acquisition of the Enmore gold project about 30km south-east of Armidale in the New England fold belt in NSW after satisfying minimum expenditure and drilling requirements under the terms of the original purchase agreement. The company has elected to make the first milestone payment of $300,000 to the Enmore vendor through the issue of Okapi shares, subject to shareholder approval. |
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Dart maps extensive NE Victorian gold system
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Dart Mining has mapped out a strike of gold mineralised structures extending more than 4km at the Mt Elmo Goldfield near Eskdale in northeast Victoria. Preliminary mapping used in conjunction with results from a recent LiDAR survey identified a chain of historic workings and pits in the forested Victorian high country. Reconnaissance grab sampling over the structures has coughed up values up to 64 g/t of gold. |
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Great Southern onto regional gold scent at Duketon
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Gold explorer Great Southern Mining has picked up some solid gold hits from a regional drilling program that tested a quartet of prospects within its Duketon gold project about 45km north of Laverton in WA. The most notable of the latest drill intersections were 5m going 3.3 g/t from 49m including 1m at 12.3 g/t and 8m at 2.1 g/t gold from 32m including 4m at 3.7 g/t. |
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Hot Chili closes deal on world-class Chilean copper deposit
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Hot Chili has wrapped up a deal to acquire 100 per cent interest in the company’s world-class Cortadera copper-gold discovery in Chile. Hot Chili and the original project owner, SCM Carola, have now consummated to transfer 100 per cent ownership in the project to Hot Chili after the final instalment of US$15 million was paid by Hot Chili to SCM. |
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Maximus tables maiden WA gold resource
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Maximus Resources has placed itself firmly in the starting blocks after releasing a maiden mineral resource of 23,800 ounces at its Wattle Dam Stockwork gold prospect near Kambalda in WA. Global resources at the company’s broader Spargoville project have now increased by 21 per cent to 135,800 ounces of gold going 2 grams per tonne gold. Wattle Dam’s resource grade sits at 1.15 g/t gold. |
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Native Minerals extends high-grade WA gold target at depth
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A maiden diamond drilling campaign by junior gold explorer, Native Mineral Resources has intercepted a new quartz vein below a gold rich outcropping vein at its 100 per cent owned Music Well project, north of Leonora in WA. Recent sampling of the outcropping vein returned an average 3.16 g/t gold from 128 samples, with one sample delivering an eye-catching 147 g/t gold. |
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Sihayo looks to boost gold recoveries at namesake project
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Sihayo Gold has produced encouraging metallurgical test work results that point to a potential increase in the all-important gold recovery rates at its developing namesake Sihayo “starter” gold project in North Sumatra in Indonesia. The company says average recoveries in its latest test work show an improvement of up to 25 per cent via the use of caustic pre-leaching on various refractory ore types from the project. |
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Tassie tin strike lights up Mount Lindsay for Venture
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ASX-listed Venture Minerals’ Tasmanian tin search continues to pay dividends with drilling at its Mount Lindsay project intersecting 11m of sulphide-rich skarn. The latest discovery follows the company’s recent success targeting extensions of the Renison mine sequence that coughed up a 16m interval of sulphide-rich magnetite skarn located some 12 kilometres along strike from the world-class Renison Bell tin mine. |
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