First-pass reverse-circulation drilling by Novo Resources at its Nunyerry North deposit in Western Australia's Pilbara region – near De Grey Mining's 11.5-million-ounce Hemi gold play – has turned-up drill hits of up to 7.42 grams per tonne gold. The company says results from the program included intersections of 11m at 1.98g/t gold and 4m at 4.15g/t, with follow-up testing plans already in place.
In this podcast, Simone Grogan and Jack McGinn discuss Woodside's big week; Qantas hearing; Mineral Resources; De Grey; South Perth's timber tower; and plans for an ex-premier's house.
De Grey has launched a $300 million capital raising to start making a mine out of its Hemi deposit, while the inevitable sting of inflation lifts build costs to $1.3 billion.
De Grey has referred plans for the Mallina gold project to the Environmental Protection Authority, marking the next step in bringing Australia's next major goldmine to fruition.
TSX-listed Novo Resources has secured the support of giant neighbour De Grey Mining as a cornerstone investor and potential joint venture (JV) partner in a deal worth up to $35 million at the Becher gold project in WA's Pilbara region. De Grey could earn a 50 per cent interest in the project and adjacent tenements as part of the deal.
Canadian gold explorer Novo Resources Corp will explore a dual listing on the ASX after its Mallina Basin neighbour De Grey Mining became its largest shareholder.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.
Our weekly appointments wrap includes Sandra McInnes, Carmelo Arto, Liz MacLeod, Yvonne Timson, Michelle Jenkins, John Tasovac, Shannon Campbell, David Lim, Dave Sanders and Peter Holmes.
Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost.
Multicommodity explorer CZR Resources is ramping up its gold hunt in the Mallina Basin, home to DeGrey's 8.5-million-ounce gold discovery, in Western Australia's Pilbara goldfields. The company has commenced a ground gravity survey at its Croydon project targeting intrusion-related gold mineralisation where previous drilling has unearthed 8m running at 10.2 g/t from 135m.
Business News has updated its listing of WA's biggest resources projects to incorporate a spate of new developments and analysed which projects are next.
Our board moves wrap includes Mark Connelly, Richard Monti, Terry Wheeler, Graham Arvidson, Samantha Hogg, Peter Bradford, Matt Dusci, Rob Velletri, John Rubino, Zoran Bebic, and Peter Dempsey.
Kairos Minerals has uncovered several lithium targets and a new gold target from a swag of soil samples collected from its Pilbara tenements that have fuelled the company's appetite for an immediate follow-up. The gold target is 2.5km long, but it is lithium targets, based on elevated lithium and pathfinder elements and geology, that have Kairos eager for more exploratory work.
Gold Road Resources has taken up nearly $26 million worth of new shares via De Grey Mining's latest placement to cement its place as the junior's biggest shareholder.
Lithium and gold explorer Octava Minerals hit the ASX boards today opening at $0.27 as it eclipsed its issue price of $0.20 by 35 per cent. After a fully subscribed initial public offering the company successfully raked in $6m with most of the funds earmarked for exploration at the company's flagship Talga lithium joint venture in WA's East Pilbara region.
De Grey Mining estimates it will cost $1 billion to transform its famed Mallina discovery into a 540,000 ounce per annum gold operation and one of the largest by output in Australia.
Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.
Octava Minerals is preparing for its ASX debut next month as it seeks to exploit some early lithium shows just 10kms from Global Lithium's revered Pilbara lithium discovery. Octava has also pulled together a package of Kimberley and Mid West tenements in solidly mineralised terranes that are already jostling with battery metals big hitters and the company's Pilbara ground also has some intriguing historical gold drill holes that are begging for follow up.
Our board moves wrap includes Paul Harvey, Paul Hardie, Michael Fry, Adam Taylor, Ross Brown, Dennison Hambling, Robert Hilton, Roy Kelly, Raj Tailor, Luke Creagh, and Geoff Jones.
Calidus Resources is moving fast towards steady-state production at its Warrawoona gold project in WA's Pilbara region after pouring 8916 ounces of gold in the June quarter. The company tabled its impressive results just six weeks after pouring the first batch of gold from its carbon-in-leach circuit at its newly commissioned processing plant.
Gold Road Resources will proceed to a compulsory acquisition of DGO Gold after sweetening its all-scrip offer for the Melbourne-based explorer last month.
Mineral explorer Si6 Metals has completed its second phase of air core drilling at its wholly-owned Monument gold project in WA's Laverton gold district. The 6000m program tested five prospect areas and was designed to follow up on successful drilling from a first phase completed late last year. The campaign encountered a wide range of prospective rocks with assays now pending.
De Grey Mining has increased resource estimates for the Mallina gold project and its contained Hemi deposit to 10.6 million ounces, boosting its credentials as a major undeveloped gold deposit.
A resource upgrade appears to be on the horizon for Kairos Minerals after receiving positive assay results from its RC drilling efforts at the company's 873,500-ounce Mt York gold project in Western Australia's Pilbara region. The explorer says its latest results are “highly encouraging” as it expects the broad grades to have a positive impact on the next resource estimate.
Mineral explorer Kairos Minerals has beefed up its management with Peter Turner to take the reins as Managing Director and Klaus Eckhof taking a seat as Non-Executive Chairman. The addition of the duo reflects the company's commitment to accelerating the exploration campaigns at its WA lithium and gold projects. Turner's appointment will be effective from May 23rd and Eckhof has already commenced his role.
