Perth, Western Australia - Monday December 13, 2021 |
Panther successfully lists on ASX |
Panther Metals commenced trading on the ASX today after raising $5 million through its initial public offering. Drilling at its flagship Coglia nickel laterite deposit is set to commence imminently with a 5,000m RC program aimed at following up some historical drill hits going 2.5 per cent nickel. The maiden drilling also aims to shore up the estimated 30-50 million tonne deposit grading at approximately 0.7 per cent nickel. |
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Western Mines balloons WA nickel-copper-PGE footprint
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Western Mines Group has swelled its flagship Mulga Tank nickel-copper-PGE project about 190 kilometres east of Kalgoorlie in WA after picking up close to 280 square kilometres of neighbouring ground. The expanded project area now takes in around 395 square kilometres across a 37km strike, providing the company with a dominant position on the largely unexplored Minigwal Greenstone Belt. |
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Kopore joins uranium frenzy
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With the uranium price charging upwards and the market looking to sink its teeth into the renewable energy space, Kopore has picked up a patch of uranium rich dirt in the prospective Tim Mersoi Basin in Niger, the world’s 6th largest producer of uranium. The strategic acquisition complements Kopore’s copper-gold and copper-silver assets in Botswana and Australia. |
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ABx kicks off aluminium recycling pilot plant
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ABx Group’s 87 per cent-owned chemical refining subsidiary, Alcore, has commenced construction of a pilot plant that will look to produce precursor chemicals used to recover fluorine from aluminium smelter waste known as “excess bath”. The Sydney-based company believes Alcore’s proprietary technology for recycling excess bath into high-value products such as aluminium fluoride, could deliver economic and environmental benefits to Australian aluminium smelters reliant on international imports. |
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AVZ banks $75m for DRC lithium mega mine
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AVZ Minerals has locked in $75 million from tier 1 global institutions in a heavily oversubscribed capital raise. The company issued 150,000,000 shares at $0.50 per share to fund the commencement of site works. A definitive feasibility study for the monster Manono lithium and tin project turned out a robust set numbers with a final investment decision expected to follow the approval of a mining license. |
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Hot Chili pockets C$30m for listing on Canadian bourse |
ASX-listed copper developer, Hot Chili has secured funding to the tune of C$30 million from major institutional investors and existing shareholders. The funds will underwrite 18-months of drilling and development works at its multi-deposit Costa Fuego copper-gold porphyry project in Chile. The company is also preparing to list on the Toronto Stock Exchange, which will then see its shares traded in both Australia and Canada. |
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Targets set as BMG secures rig to test high grade gold play
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Gold explorer, BMG Resources is set to start the new year with a bang after securing a rig for a 12,000m drilling blitz at its high-grade Abercromby gold project near Wiluna in WA. The aircore drilling will test a series of newly identified structural targets similar to the company’s high-grade Capitol prospect where recent RC drilling returned a sensational 26m hit going 6.07 g/t gold. |
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Updated lithium price delivers billion dollar boost for Galan
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An updated lithium price assessment of Galan Lithium’s flagship Hombre Muerto West lithium brine project in Argentina has delivered a pre-tax net present value of nearly US$2.2b, a whopping 120 per cent increase on the US$1b projected in a previous evaluation. Galan is now predicting an increase in annual EBITDA of over US$100m a year for the 40 year life of mine to an impressive US$287m a year. |
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Aldoro onto high-grade WA lithium-rubidium rock chips
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Aldoro Resources has unveiled a suite of high-grade rubidium and some anomalous lithium results from a pegmatite rock chip sampling program at its Wyemandoo project approximately 80 kilometres southeast of Mount Magnet in WA. The company says the results that included peak grades of 1.82 per cent rubidium and 6600 parts per million lithium, have “exceeded” expectations. |
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Blackstone restarts Ban Phuc nickel mine and concentrator
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Blackstone Minerals has recommenced mining at the company’s per cent owned Ta Khoa nickel project in northern Vietnam and has plans to complete around 1,000m of development through the Ban Phuc disseminated orebody. The company is also gearing up to recommission the Ban Phuc nickel concentrator to produce two batches of nickel concentrate for use in the Ta Khao refinery piloting programs. |
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Gold and silver hits for Riedel’s US project
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Riedel Resources has served up a lovely set of gold and silver numbers at its Kingman project in Arizona that has extended the strike length by 600 metres at the company’s flagship Tintic prospect. Standout drill hits include a 5.3m intersection grading 18.1 grams per tonne gold and 24g/t silver from 23.6m downhole and a 1.5m hit going 35.6g/t gold and 42g/t silver from 30.5m downhole. |
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St George uncovers new priority WA nickel target
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Interpretation of a seismic survey by nickel explorer, St George Mining has uncovered another high priority nickel, copper and platinum target near the mineral rich Cathedrals belt at its Mt Alexander project in the north-eastern Goldfields of WA. The new target, named ‘S2’, stretches for more than 400 metres down dip and adds to another key target recently identified beneath the Cathedrals Belt, named ‘S1’. |
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Valor set to drill test Canadian uranium play
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ASX-listed Valor Resources is about to wheel in the rotary truth diviner at its Hook Lake uranium prospect deep in northern Saskatchewan, Canada. Major Drilling has been contracted to run the 2500m drill program which will comprise of ten to fifteen 200-250m deep holes. The drill targets are within the “S Zone” target, where previous surface sampling returned assays of up to 59.2 per cent uranium oxide. |
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Coda snares widest yet copper hit in South Australia
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Coda Minerals has snared its widest yet copper-sulphide intercept at its Emmie Bluff Deeps prospect that returned a whopping 83m of chalcopyrite dominated mineralisation. The width of the intercept along with the identification of the first material molybedenum mineralisation logged at Emmie Bluff Deeps suggests the company is on the brink of discovering the core of the deposit and its mineralising structure. |
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First Pisces oil well completed for Calima at Brooks, Canada
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Calima Energy has completed its first Pisces oil well at its core Brooks field in Alberta Canada. According to the company, everything went according to plan and the well was drilled in just six days. The well reached a total depth of 2,610 metres with a 1,400m horizontal section in the target, Glauconitic Formation. Good oil and gas shows were encountered while drilling. |
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African gold mine construction kicks off for Tietto
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Tietto Minerals is a step closer to hitting the go button at its 3.35-million-ounce Abujar gold project in Côte d’Ivoire, West Africa, after ticking off a number of items on its to-do list. The company is now bedded down in West Africa after commencing construction of its process plant and camp accommodation en-route to its maiden 2022 gold pour. |
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King River firms up HPA battery processing technology
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King River Resources has upped the ante in its quest to produce high purity aluminium precursor compounds to feed the flourishing lithium-ion battery industry. Using the company’s proprietary “ARC” processing technology, a second and third run of a newly commissioned laboratory scale pilot plant has now delivered a “Type 1” precursor aluminium salt going more than 99.999 per cent purity. |
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