Doug Bright

GreenTech Metals has taken the first steps towards forming a copper alliance with its neighbour Anax Metals in Western Australia’s Pilbara region after the pair signed a memorandum of understanding aimed at establishing a new processing hub. The pair will now move to assess the potential to treat base metals from GreenTech’s Whundo project at Anax’s proposed Whim Creek processing facility.

Horizon Minerals has inked a toll milling agreement with FMR Investments to process 200,000 tonnes of gold ore from its Cannon underground mine at the Greenfields Mill near Coolgardie in Western Australia. The binding agreement comes alive in December, with Horizon arranging contract mining and the 67km haulage of ore to Greenfields by road. Milling is expected to take up to eight months to complete.

A project-wide lithium sweep of St George Mining’s Mt Alexander operation near the historic Western Australian town of Menzies has isolated multiple new drill targets for a campaign slated to launch in the second half of this year. The company’s soil sampling and lithium pegmatite fertility review also identified geochemical analogues and a relationship between local gold mineralisation and pegmatites.

White Cliff Minerals is ready to scratch into the surface at Canada’s Great Bear Lake after securing Federal Government approval for all of the licences at its Radium Point uranium-copper-gold-silver project. The company’s total project tenure at the Northwest Territories site encloses 2900 square kilometres of the Great Bear magmatic zone that is known for its iron oxide-copper-gold and uranium potential.

In the first of Bulls N’ Bears’ new weekly series, “Doug Bright’s Greatest Hits”, our senior analyst gets the dirt under his well-worn fingernails to pull apart some of last week’s most intriguing ASX finds. The column will run the rule each week over a range of commodities, geological successes, oddities and matters of processing and metallurgical interest.

A recent drone aeromagnetics survey by Buxton Resources has unveiled a north-east-trending cluster of magnetic anomalies in the south-central part of the company’s 100 per cent-owned Wolverine prospect in Arizona. The cluster coincides with the orientation of copper-molybdenum mineralised porphyry dykes, with rock chip sampling yielding 1.2 per cent copper and 383ppm moly next to Buxton’s permitted drill site.

Larvotto Resources says engineering studies have shown it can double the process plant throughput at its Hillgrove gold-antimony operation in NSW up to 500,000 tonnes per annum, with only minimal upgrade and modification required. The company says its capacity to produce gold concentrate and doré in conjunction with antimony concentrate can easily be increased by expanding the crusher feed rate from 220,000 tonnes per year.

DiscovEx Resources is on the cusp of a major transformation after its bid to snare Finland-based private Australian company Latitude 66 Cobalt was given a unanimous tick of approval from that firm’s board of directors. Latitude owns several projects in Finland, with its most advanced project containing Europe’s second-biggest undeveloped cobalt-gold resource that features 5800 tonnes of cobalt and 650,000 ounces of gold.

The door has been kicked open for Lycaon Resources to start exploring its Stansmore niobium-rare earths project in Western Australia’s West Arunta region after it secured consent from Mines Minister, David Michael. The company says the approval will allow it to start exploration programs, including heritage and gravity surveys and drilling campaigns, on a site designated for the use and benefit of its Aboriginal inhabitants.