Perth, Western Australia - Thursday December 16, 2021 |
Quantum share price soars after resuming on ASX
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Quantum Graphite saw its share price soar by more than 200 per cent after re-commencing trading on the ASX following a 15-month hiatus. The company now plans to step up its search for graphite to add to its recently updated Uley 2 and Uley 3 resource base in South Australia where a hefty 7.2 million tonnes going 10.5 per cent total graphitic carbon has been defined. |
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Kalamazoo muscles into lithium territory with Pear Creek purchase
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Kalamazoo Resources has expanded its lithium holdings with the acquisition of significant new exploration tenure nearby its fully owned DOM’s Hill and Marble Bar projects in the East Pilbara. The recent purchase almost doubles the company’s lithium exploration tenure located in the same region as the behemoth Pilbara Minerals owned Pilgangoora lithium mine and the Mineral resources-Arbemarle joint venture Wodgina project. |
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Northern Minerals lands $4.3 million R&D refund
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ASX-listed heavy rare earths developer Northern Minerals, has secured a $4.3 million refund from the ATO as part of the Government’s research and development tax offset scheme for work completed at its Browns Range Pilot plant project in the Pilbara. The refund comes off the back of trial beneficiation and hydrometallurgical plant testing designed to advance the company’s knowledge around processing of its heavy rare earths. |
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Mineral Commodities delivers breakthrough graphite tech
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ASX-listed Mineral Commodities has delivered a breakthrough in the purification of large flake graphite for use in battery anode material without the use of traditional and highly toxic hydrofluoric acid. Electrochemical testing of graphite sourced from ASX-listed Mineral Commodities’ Skaland graphite mining and processing operation in Norway has delivered a high-purity graphite anode material comparable in efficiency and capacity to industry standards. |
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Great Southern back on rig at Southern Star
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ASX-listed Great Southern Mining has the rods turning again with two 160m diamond holes at its Southern Star prospect designed to build on some previous stunning intercepts and increase its understanding of the deposit. Meanwhile, an oversubscribed capital raise of $1.6m before costs will help Great Southern fund further drilling in WA and Queensland. |
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Brightstar to drill test historic mining area
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Brightstar Resources has locked in an air-core drill rig to test a grab bag of high-quality targets at its Brightstar South gold project located approximately 40 kilometres southeast of Laverton in WA. Although the target areas have shown significant anomalism, giving up over 5,000 ounces of gold historically, the prospects have inexplicably, never been run to ground with modern exploratory drilling. |
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Kairos uncovers pegmatites in prime lithium real estate
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Kairos Minerals has identified several extensive pegmatite outcrops within a previously defined major lithium-caesium-tantalum anomaly less than 3 kilometres from Mineral Resources’ revered Wodgina lithium project. A recent soil sampling program undertaken at the project returned significant assays including 238 parts per million lithium, 293ppm caesium and 582ppm rubidium. Additionally, a historical rock chip in the area returned a solid 1.6 per cent lithium. |
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Novo strikes forward plan at conglomerate gold mine
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Novo Resources has upped the ante at its Beatons Creek conglomerate gold project near Nullagine in WA’s Pilbara region, after a revised mining approach delivered an optimised five-year plan through to 2026. According to the company, the revised approach delivered a higher processing grade in November of 1.58 grams per tonne against an average grade for both October and November of 1.3 grams per tonne gold. |
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Galan moves to run DFS ruler over lithium brine play
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Galan Lithium has taken a vital step at its Hombre Muerto West lithium brine project in Argentina after appointing engineering consultancy Hatch to run a feasibility study over the project. According to the company, the study is anticipated to be delivered towards the end of the new year and will firm up numbers from a previous scoping study. |
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Technology Metals looks to boost WA vanadium mine life |
Technology Metals Australia is continuing to work on a string of activities as part of an ongoing “integration study” that will look to boost the mine life at its Gabanintha vanadium project in WA by over 55 per cent. The study is designed to incorporate ore from the company’s nearby Yarrabubba deposit, which it says could boost the expected mine life at Gabanintha from 16 to 25 years. |
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ADX ramps up Austrian oil interests
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The recent completion of the well site in Austria’s Molasse Basin has ADX on target to spud the hotly anticipated Anshof-3 well where it is targeting a 6.6 million barrels of oil equivalent prospect. The company said the RED Drilling E-220 rig was mobilised to the Anshof site after preparation activities had been completed. |
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Torque peppering new WA gold discoveries with drillholes
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Torque Metals has blitzed its prospective Paris gold project with 41 RC drillholes to date and it has plenty more to come following up some cracking grades previously intersected in its southeast Kalgoorlie tenure. Notable gold hits previously intersected at Paris include 9m grading 11.52 grams per tonne gold and an intersection adjacent to Paris that gave up 24m going 10.7 g/t gold including 6m at 34 g/t gold. |
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Torian taps into more WA gold at Mt Stirling
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Torian Resources has received encouraging news from its Mt Stirling Gold project near Leonora in WA after the company confirmed the presence of primary gold at its Hydra prospect. The best hit from preliminary assay results included a 2 metre intersection grading 2.6 grams per tonne gold from 106m, including a 1m strike going 3.2 grams per tonne gold. |
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Kula wraps up WA gold hunt at Marvel Loch
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Kula Gold has polished off a diamond drilling program at its Crayfish gold target in the fruitful Southern Cross goldfields of WA, intersecting a trifecta of greenstone and quartz veins in each of the three holes plunged. The company is now set to run its geological interpretation thumb across its latest samples and push its new core to a laboratory for assay analysis. |
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Maximus tallies multiple visible gold hits near Kalgoorlie
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Maximus Resources has tallied multiple visible gold occurrences in recent WA government co-funded diamond drilling at its Redback gold prospect approximately 600 metres south-southeast of the historic high-grade Wattle Dam gold mine. Two holes were drilled into Redback aimed at testing the down-dip extent of the Redback gold deposit that previously intersected 16.3 metres grading a solid 9.3 grams per tonne gold from 229m downhole. |
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