Classic Minerals has attracted the interest of global investment group LDA Capital who will provide a $15m equity line over the next three years for Classic to develop its 93,000 ounce high grade Kat Gap gold deposit in WA’s Southern Cross region. The company has also locked away a $5m con-note to turbo-charge the funding options for Kat Gap and its greater Forrestania project area.
Meeka Metals has confirmed gold recoveries up to 99.4 per cent from metallurgical test work on ore from the company’s St Anne’s deposit that forms part of its greater Murchison gold project. The program assessed conventional carbon-in-leach gold recovery for St Anne’s mineralisation at 150 micrometre grind size with results ranging from 97 per cent to 99.4 per cent for an average of 97.9 per cent.
Estrella Resources has begun extraction of a bulk high-grade nickel sulphide sample from the company’s 5A nickel mine near Kambalda that will be processed at Glencore’s Murrin Murrin facility. The initial mining phase will see the company extract between 2000 and 4000 tonnes of high-grade nickel sulphide ore before it is crushed and screened on-site and sent to Murrin Murrin.
TSX-listed Novo Resources has gained a prominent new shareholder following a C$5 million strategic investment by private explorer Liatam Mining. The funding package will be principally used to vector in on battery metals across the company’s Quartz Hill tenements in the Nullagine district of Western Australia and will lean on Liatam’s experience in the sector.
ASX-listed explorer Aurumin has entered into a drill for equity agreement with contractor Topdrill ahead of the company’s planned campaign at its Central Sandstone project about 520km north-east of Perth. According to the agreement, Aurumin can pay up to 50 per cent of its drilling costs invoiced by Topdrill by issuing ordinary shares from its placement capacity up to a maximum of $1 million.
Whether it is gold, wool, timber, apples, salt, education, beef or even sea cucumbers, Australia has long punched above its weight in the trade stakes, even centuries before it was named Australia.
Rock chip sampling at Infinity Mining’s Brisbane nickel prospect in the Pilbara region of Western Australia has returned anomalous nickel and chromium results within the company’s greater Panorama project. The explorer collected a total of 35 samples at the site with assays showing results of up to 7636 parts-per-million nickel and 8918ppm chromium consistent with previous geochemical results.
RC drilling at Surefire Resources' Victory Bore deposit in WA’s Mid West region has returned a host of broad vanadium intercepts with widths of up to 92m at 0.41 per cent vanadium pentoxide. The company says the probe has led to the discovery of three parallel mineralised lodes which it believes could bolster its already massive 151 million tonnes mineral resource once additional drilling and modelling is complete.
Mineral explorer Godolphin Resources has strengthened its burgeoning rare earths portfolio with the acquisition of two exploration licences in New South Wales and Queensland. The company picked up the ground after sifting through publicly available geological data and says it could commence boots on the ground exploration as early as January 2023.
Aruma Resources has more than quadrupled the greenstone belt width at its Salmon Guns gold project near Esperance to more than three kilometres and will vector in on new drill targets with an aeria
Askari Metals has encountered visible lithium mineralisation from the first phase of drilling at its Uis lithium project in Namibia in addition to intersecting tantalum and tin in the site’s pegmatites. The company has just wrapped up its first drill campaign at the African operation where it completed 59 RC holes for 3017m as part of an overall 10,000m program set to recommence in February next year.
Unlike traditional participants in the energy technology space Quantum Graphite plans to extract value from its Uley mine in South Australia through the development of heat cells that could ultimately replace coal in thermal power plants. The work stream is all part of a 50-50 joint venture agreement with Melbourne-based Sunlands Company that will see the duo establish a major downstream energy business.
ASX-listed PolarX is firing up the drill rigs in the snow-covered Nevada mountains on the hunt for some US Christmas gold to ring in the new year at its Star Canyon prospect.
High grade mineral strikes have buoyed West Australian explorer Allup Silica with assays revealing an average raw material surface grade of 98.8 per cent silicon dioxide at the company’s Sparkler C
With an ever-increasing spotlight shining on rare earths, a former sleepy tourist town on the WA south coast could be on the cusp of becoming the next epicentre of a rare earths mineral boom. One of the major attractions of the area is the discovery of “clay-hosted” rare earths which, unlike their hard rock counterparts, can be considerably easier to mine – and they can exist in vast quantities.
Horizon Minerals' spin-off Richmond Vanadium Technology has joined the ASX following a successful $25m initial public offering as it presses ahead with a bankable feasibility study to open a potentially world-class battery metals mine in northern Queensland. Some 62.5 million shares were issued under the IPO at 40c a pop, including to eligible Horizon shareholders.
Godolphin Resources has used a 5-hole diamond drilling campaign to light up rare earths mineralisation at its Narraburra project in NSW that will ultimately flow into a new year resource update. Significant intercepts include 2m at 1238 parts per million total rare earth oxides from 15m and on the back of the latest results the company believes a much larger rare earths system may be on offer given the strikes were acquired outside of the site’s known mineralisation.
ASX-listed biotech Radiopharm Theranostics has been buoyed by positive data generated by one of the company’s products in imaging an aggressive and deadly type of breast cancer, with company management describing the results as “outstanding”. The data relates to Radiopharm’s RAD201 treatment and is included in an article in the latest edition of a prestigious European medical journal.
First-pass RC drilling by joint venture DiscovEx Resources and Carnaby Resources at its Shamrock prospect, part of the Greater Duchess project near Mt Isa in Queensland has unearthed a more than 750m long corridor of copper-gold sulphide mineralisation. Headline strikes from the 8-hole, 1888m campaign include 4m at 1.5 per cent copper inside of a broader 7m hit going 1.1 per cent from 76m.
Galan Lithium will gain full control of the Greenbushes South lithium project on the edge of the world class Greenbushes Lithium Mine after shaking hands on a $3 million purchase of joint venture p
RC drilling at Novo Resources’ Milburn nickel-copper-gold target near Karratha in WA has returned a swag of anomalous copper hits including 3m at 0.59 per cent from 94m, inside of a broader 13m intercept grading 0.39 per cent from 92m. The operation is adjacent to Artemis Resources’ Carlow Castle project where earlier this year the company outlined a 14.3 million tonne inferred resource going 0.4 per cent for 53,000 tonnes of contained copper.
ASX-listed Pilbara iron ore explorer CZR Resources has boosted the mineral resource at its Robe Mesa project in the shadow of a prolific Rio Tinto mine precinct by 20 per cent to 45.2 million tonne
Lindian Resources says its first assays from a maiden drill campaign at the company’s Kangankunde rare earths project in Malawi are due this month with one quarter of its RC and diamond drill program completed. The explorer is currently undertaking phase 1 of its 12,500m resource definition drilling operation including 10,000m of RC drilling and a further 2500m of diamond drilling to test mineralisation to a depth of 300m. The 44-hole campaign includes two RC rigs and one diamond drill rig.
Mining software supplier K2fly has secured a three-year deal worth more than $1 million with British-based multinational Anglo American for its Resource Disclosure solution. The deal is the Subiaco-based company’s first with the global miner but just the latest in a raft of tier 1 mining companies K2fly has captured in recent weeks.
Amidst new legislation aiming at curbing surging energy prices on the east coast, Empire Energy’s Beetaloo sub-basin gas assets in the Northern Territory have been made exempt from a temporary domestic price cap of $12 a gigajoule. The 12-month ceiling targets producers with new domestic wholesale gas contracts, however the directive only applies to in-operation gas fields – leaving Empire’s undeveloped holdings unaffected.
Amidst an alarming shortfall in domestic gas supplies, Empire Energy is powering ahead with its Beetaloo Sub-basin appraisal program in the NT – a campaign it says is the most active in the zone’s history. The work follows a recent report by the ACCC indicating Australia’s east coast will endure a gas shortage in 2023 and the regulator is now concerned the commodity’s already high price could jump even higher.
St George Mining has entered a memorandum of understanding with global battery giant SVOLT Energy Technology to collaborate on lithium projects including the explorer’s Mt Alexander operation near Leonora in Western Australia. The agreement establishes a framework for St George and SVOLT to negotiate and consider entering a range of commercial transactions for investment and offtake opportunities relating to lithium projects in Australia.
Battery metals producer Neometals has put pen to paper to bring global engineering firm and joint venture partner SMS Group onboard with a 50 per cent stake in its battery recycling IP to accelerat
Panther Metals’ latest diamond drilling campaign has delivered new gold lodes and extended mineralisation at its Burtville East gold project it outside of Laverton in WA. One of the best results was a 14.6m strike at 2.23g/t gold from 37.4m. Another diamond drill core contained visible gold returns inside a 0.3m hit at 21.4g/t gold from 48.4 metres from outside the project’s existing mineralisation.
After locking onto two new nickel-copper-PGE targets in WA’s South West the JV between Chalice Mining and Venture Minerals is ready to take its exploration to the next stage with surveys and a sampling program. The duo’s South West project hosts the Thor prospect, a 20km long magnetic anomaly containing multiple electro-magnetic targets which is giving Chalice a sense of deja vu.
