Perth, Western Australia - Thursday December 2, 2021 |
Galan to make A$265m a year – for 25 years - from lithium brines
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Galan Lithium has tabled a stunning set of numbers in an economic assessment study that shows its Candelas lithium brine project in Argentina will make A$265m a year for 25 years for a net present value of A$1.7b at today’s USD exchange rates. The economic evaluation of Candelas adds to Galan’s nearby Hombre Muerto West lithium brine project where a 40 year mine life has already been envisaged. |
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Accelerate wraps up strategic minerals farm-out |
Accelerate Resources has completed the farm-out of its Tambellup kaolin project to private outfit, Vytas Resources. With the conclusion of the transaction, Accelerate now holds a 33 per cent stake in Vytas who plans to list on the ASX with a portfolio of projects prospective for minerals key to the worldwide renewable technology industry, including high purity alumina and high purity quartz. |
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Frontier unveils uber-grade Papua New Guinea gold target
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Frontier Resources has outlined a strike length of more than 750 metres at its bonanza grade Taula gold vein prospect through a recently concluded reconnaissance exploration program at its Tolukuma gold project in Papua New Guinea. Previous trenching at the vein returned a 1.2m interval grading an astonishing 1,041 grams per tonne gold, with rock chip sampling delivering 118 g/t gold. |
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Blackstone hits strong sulphides in Canada
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Blackstone Minerals has intersected copper-nickel-cobalt massive sulphides in its first pass drill hole targeting a large, induced polarisation anomaly at its 100 per cent owned Jewel prospect in British Columbia. Significant copper, nickel and cobalt mineralisation has been confirmed by portable XRF examination of the diamond drill core and follow-up drilling is being planned to target extensions of the mineralisation discovered in the first drill hole. |
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PolarX sweats on results from North American exploration
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Mineral exploration company, PolarX is showing no signs of an end-of year slump wrapping up a quartet of significant exploration programs in as many months at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada. The company has confirmed mineralisation across the lot and says assays are pending for each of the four programs. |
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Strickland eyes resource boost with WA gold hits
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Strickland Metals has nailed its first pass drilling campaign at its Dusk til Dawn prospect in WA with a stellar first up result of 33m going 3.6 g/t gold. Strickland believes the maiden drill results confirm its new mineralisation modelling that could potentially boost the 109,000 ounce gold resource discovered by previous owners. It says up to 20 lookalike targets have now also been identified nearby. |
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Superior eyes potential copper porphyry in QLD
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Superior Resources has intersected sulphide mineralisation in its first two drill holes targeting a large, induced polarisation anomaly at the company’s Bottletree Copper prospect within its Greenvale project in Queensland. The company believes it may be onto a potential porphyry system west of the induced polarisation anomaly indicated by an enormous 1.5 kilometre by 1km intense copper and gold soil anomaly coincident with a large magnetic feature. |
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Tietto punches out more high-grade West African gold
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Tietto Minerals has doled out yet another rousing set of gold drilling intercepts from its Abujar gold project in Côte d’Ivoire that already boasts over three million ounces of the precious yellow metal. The latest round of infill drilling returned a Christmas sack of high-grade gold intercepts including a 3m hit grading 27.3 g/t gold contained within a broader 7m intersection grading 11.87 g/t gold from 83m. |
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Torian dishes out more high-grade WA gold
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Torian Resources will look to up the ante at its Mt Stirling Gold project near Leonora in WA after the first its batch of drill results from a 17,500 metre drilling campaign drew some enviable results. Hits from drilling at the Estera Lode at Diorite North included a 3m intersection grading 9.46 grams per tonne gold from 37m. |
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Comet achieves battery anode grade graphite
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Comet Resources has managed to produce industry standard “spherical graphite” in tests designed to determine if its Springdale Graphite Project in WA can supply graphite for lithium battery anodes. Following on from testing in 2019 and 2020, Comet says it has now navigated this challenge and the latest process has increased the yield of spherical graphite from 40 per cent to 60 per cent. |
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St George unveils ‘stand-out’ WA nickel target at depth |
WA-focused nickel explorer, St George Mining has unveiled a large, compelling nickel-copper sulphide target beneath its Investigators prospect located at its Mt Alexander project in the north-eastern Goldfields. Previous drilling at the prospect delivered multiple shallower intercepts including a cracking 8.49m going 5.8 per cent nickel and 2.6 per cent copper from 183.9m. The company now plans to drill-test the deeper priority target early next year. |
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Empire Beetaloo Basin well hits thick liquid rich gas
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Empire Energy could be gearing up for a busy end of year after its in-progress Carpentaria-2 well sniffed out a suite of thick liquid rich gas shales across four stacked Velkerri Formation pay zones in the vertical section of its Beetaloo Sub-Basin ground. The company is now set to tap the middle Velkerri B shale by drilling the horizontal section of the Carpentaria-2H well. |
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Calidus launches hunt for more Pilbara gold |
Gold developer, Calidus Resources is set to unleash the rig for a regional gold search aiming to grow its existing 1.7 million ounce resource base in the Pilbara region of WA. The company will drill-test multiple greenfields targets near its Blue Spec resource and in proximity to its multi-deposit Warrawoona project that is set to churn out 90,000 ounces of gold per annum from next year. |
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Mt Malcolm returns cracking WA shallow gold hit
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Mt Malcolm Mines’ Golden Crown prospect within the Malcolm Gold project in WA has given up a 3 metre hit grading a formidable 11.97 grams per tonne gold from 37m including 1m going a whopping 33.61g/t gold. It is the first assay returned from the nine RC drill holes that were sunk into Golden Crown targeting historical workings which previously produced crushing grades of an ounce to the tonne gold. |
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Novo unveils nickel copper in Pilbara exploration play
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Novo Resources could be set for some stage time after greenfield exploration across its ground in the West Pilbara region of WA unveiled a suite of gold-copper and nickel-copper-cobalt targets. The company is now progressing ground electromagnetic surveys to advance its latest findings and says the work is consistent with its exploration strategy of maturing its portfolio of gold and battery metals interests. |
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