Bulls N' Bears (Commercial Content)

Godolphin Resources has entered into a binding term sheet with ASX-listed Orange Minerals to offload its Ophir and Wiseman’s Creek projects in New South Wales for a total consideration of $550,000. The projects are prospective for gold and base metals and according to the company, the sale will provide a cash injection that will be funnelled to its nearby Narraburra rare earths project.

Buoyed by initial drilling results, Surefire Resources has booked a rig for April to drill out anomalies 400m northwest of its Yidby gold project in WA that returned 16 metres of gold at 1.39 grams per tonne from 16m. The company said the figures suggest a new discovery area hosting a northwest trending structure with wide downhole gold results.

Aruma Resources has tabled another lovely set of high-grade drill results including a one metre section grading a whopping 224 grams per tonne gold from just 44 metres downhole in maiden drilling at its Salmon Gums greenfields gold project 200 kilometres south of Kalgoorlie in WA. Other notable drill results include a 5m intersection going 50.2 g/t gold from 42m downhole with a 3m internal parcel coming in at 83 g/t gold.

Trigg Mining has revealed significant growth potential using gravity surveys at its Laverton sulphate of potash, or ‘SOP’ projects in the eastern Goldfields region of Western Australia. With two pivotal gravity surveys now complete, Trigg is now preparing for a maiden drill-program in the second half of the year.

Junior gold explorer Aurumin Limited has taken control of a 784,000 ounce gold resource through the acquisition of the Sandstone gold project from Middle Island Resources near the town of Sandstone in WA. The asset acquisition will add to Aurumin’s existing and nearby 65,000-ounce gold mineral resource base at its Johnson Range project in addition to providing a new prospective hunting ground for further discoveries.

Meeka Gold has identified two new gold targets coinciding with a 5.5km long magnetic anomaly at its Circle Valley project in Western Australia. Air core drilling has highlighted gold mineralisation over 700m and 350m of strike at two parallel shear zones. Drilling at Circle Valley also intersected saprolite clays over 20m thick similar to the high-grade rare earth clays recently discovered 3km to the east.

Calidus Resources has etched out a plethora of promising new gold targets at its Blue Spec project in the heart of the Pilbara. Stream sediment sampling has lit up three prospective targets returning values up to 326 parts per billion gold along strike from the high-grade Blue Spec project where the company is set to deliver the results of a definitive feasibility study in the coming months.

Oar Resources has grown its Douglas Canyon gold project in Nevada by more than 60 per cent, as diamond drilling recommences to test mineralisation that previously yielded gold hits at 18 grams per tonne gold and 398 parts per million silver. The company is also aiming to lock in more acreage in the red-hot Julimar province near market darling, Chalice Mining.

Multi-element explorer Askari Metals is now spinning an auger drill in search of gold in Western Australia’s Wheatbelt region. It plans to sink and sample 328 holes across a four-kilometre strike distance at its Burracoppin gold project. The latest campaign aims to build upon a recent pass of soil sampling that yielded results of up to 2 grams per tonne gold.

Kalgoorlie Gold Mining or KalGold has launched a diamond drill program to further characterise gold mineralisation and to inform future JORC 2012 resource estimates. The move follows a string of successes at its La Mascotte prospect within the company’s flagship Bulong Taurus project near Kalgoorlie. An RC rig is also set to join the party in late April or early May to keep the campaign going.

Aldoro Resources has tabled the assay results for a pair of diamond drillholes prospective for nickel and copper at its V1 prospect, part of the larger Narndee project about 90 kilometres from Mount Magnet in Western Australia. The company says the program has confirmed the presence of the en vogue minerals in both drill holes.

Legend Mining has received positive modelling results from a 3D seismic survey carried out over a 6.5 square kilometre area of its Mawson prospect within the Rockford nickel project in the Fraser Range of Western Australia. The survey was undertaken by HiSeis and has shown a clear seismic signature of the Mawson discovery zone that looks to have a repeated offset position below the main target area.

Godolphin Resources has stretched its NSW ground after picking up a brace of exploration licences from the state government’s Department of Mining, Exploration and Geoscience. The company’s new tenure spans 160 square kilometres and is prospective for gold amongst other minerals. The pick-up adds to a portfolio of projects based around the revered Lachlan Fold Belt and sits amongst the explorer’s existing projects.

Multi-element explorer Tambourah Metals has been granted two tenements prospective for lithium, solidifying its Russian Jack project, 40km south of Nullagine in WA. The dual grant secures nearly half the intended final package, with the rest still under application. The company notes more than 320 square kilometres of the underexplored Split Rock super-suite is captured within the final project size.

Oil explorer 88 Energy is making progress as it drills towards the 8000-foot reservoir targets at its potentially company making Merlin-2 well in Alaska. The company is chasing a possible 652 million barrel of oil resource as the it follows up on its 2021 Merlin-1 discovery. Merlin-2 spudded on the 7th of March and has been drilled to 2,005 feet. The surface casing has been installed and cemented in addition to the blow out preventer being tested.

Aldoro Resources could be closer to discovering lithium after intersecting pegmatites across multiple levels at its Niobe project, about 70 kilometres from Mount Magnet in Western Australia. According to the company, the recently completed drill program punched out 65-holes and struck pegmatites in almost all of them, confirming historical results and closing the campaign on a high.

Gold-focused Classic Minerals has cleared the final hurdle in its race to develop the Kat Gap gold mine after receiving regulatory approval for its mining operations. With its mining proposal and closure plan now given the green light Classic can progress to full-scale mining. The company is continuing the mining of a 49,000-tonne bulk sample that commenced last year.

Metal Hawk and JV partner, Western Areas have significantly ramped up exploration, with a maiden diamond drill campaign at their Kanowna East project near Kalgoorlie intersecting 220m of nickel bearing ultramafic rocks near the well-endowed Poseidon owned Silver Swan nickel mine. Western Areas has a 75 per cent earn in agreement by spending $7 million over five years across Metal Hawk’s Kanowna East, Emu Lake and Fraser South projects.

Brisbane based polymetallic explorer Superior Resources has expanded its tenement portfolio to a massive 1,158 square kilometres of prospective nickel-copper-PGE ground at its Greenvale project located around 210 kilometres west-northwest of Townsville in Queensland. The company believes the newly granted exploration leases hold the potential to host Voisey’s Bay or Julimar-Gonneville style magmatic sulphide systems.

King River Resources has identified a flurry of new economic and environmental improvements during its ongoing definitive feasibility study for its type 1 high purity alumina precursor processing plant. The type 1 aluminium salt precursor has shown a 5N level or 99.999 per cent purity and is considered an essential ingredient in the battery manufacturing industry.

ASX-listed ABx Group appears to have expanded its rare earths footprint in Tasmania after uncovering its fourth discovery in the region. The new prospect, called ‘Rubble Mound’ sits about six kilometres east of the company’s Deep Leads rare earths project and boasts grades of up to 1,620 parts per million total rare earth oxides. The company says early indications suggest an extensive queue of targets could sit between the two zones.

ASX-listed junior explorer Twenty Seven Co is gearing up for another round of auger drilling at its Yarbu gold project located approximately 160km northeast of Southern Cross in Western Australia. The campaign is designed to hit priority targets and infill anomalies detected in last year’s exploration. It plans to sink a further 330 holes with assays expected in late May.

Amidst a tight global market Technology Metals Australia has produced high vanadium recoveries up to 95 per cent in test work as it plans to merge its two deposits and deliver the world’s next larg

Kalgoorlie Gold Mining or KalGold has defined strong, continuous gold anomalism bordering the company’s La Mascotte gold prospect, part of its flagship Bulong Taurus gold project near Kalgoorlie in WA. The identified trend runs for over 2.3 kilometres and extends from the Turnpike prospect in the west through La Mascotte and continues eastward, supporting the company’s hypothesis of a large, connected gold system at Bulong Taurus.

The gold hits continue to roll in from Horizon Minerals’ Golden Ridge project near Kalgoorlie in the heart of Western Australia’s Goldfields. Results from the latest round of RC drilling have included 2 metres returning a tantalising 26.11 grams per tonne gold from 69m. The company appears to have also tapped into a nickel-rich ultramafic that lies only 8km north of the Blair nickel mine.

PolarX has expansion plans for its high-grade copper Caribou Dome deposit in Alaska. It sees potential for increasing both the average grade and tonnage of its existing resource already holding 2.8Mt of ore grading a respectable 3.1 per cent copper. The company says recently reported results have prompted a full review of the resource model and a new drilling campaign.

ASX-listed Askari Metals has turned up an encouraging 2 grams per tonne gold after sifting through the soils of its Burracoppin gold project in WA’s Wheatbelt region. The Burracoppin project was historically mined in the 1930s and in some old workings produced gold grades of up to 49 g/t gold. Askari is now redefining a prospective gold corridor that looks like it could be over 3km long.

In its quest to strengthen its in-country ties, Infinity Lithium has appointed Ramón Jiménez Serrano to the role of CEO of the company’s wholly owned Spanish subsidiary, Extremadura New Energies. Mr Serrano has spent 17 years in leadership roles with major Spanish companies that have an industrial focus and are aligned to sustainable energy transitions.

American West Metals continues to deliver at its West Desert project in Utah after its third diamond drill hole intersected over 100 metres of visual zinc and copper mineralisation from just 20m downhole. According to the company, the initial results appear to confirm the continuity of shallow base metals in the first two holes and support the projects open pit mining potential.

The rods have started spinning for ASX-listed Tambourah Metals at its namesake gold project in Western Australia’s Pilbara region. The reverse circulation campaign will drill 2,000 metres over 19 holes in two high priority areas and will test extensions of known and historical gold mineralisation. Targets include the Kushmattie prospect, Federal Mine workings and geophysical targets identified through interpretation last year.

Neometals has joined forces with a subsidiary of luxury vehicle juggernaut, Mercedes-Benz to design and construct a proposed lithium-ion battery recycling facility in Southern Germany. The collaboration will see Primobius, a joint venture partner of Neometals, team up with the car manufacturer’s subsidiary, LICULAR GmbH. According to the company, the pair are in ‘advanced discussions’ for the 2,500 tonne per annum plant.

ASX-listed Image Resources has picked up an astounding 84Mt of contained total heavy mineral sands and a staggering 75Mt of contained valuable “heavy” minerals in a $12 million cash deal with Sheffield. The new project comes gift wrapped with a massive 5.8Bt mineral resource going 1.4 per cent total heavy minerals and represents an incredible 20-fold increase in the overall tonnes accessible by dry mining for Image.