Announcements

Nickel explorer Estrella Resources has decided to sell its nickel rights over its Spargoville project located approximately 25km west of Kambalda in WA. After receiving several unsolicited offers the company has engaged Geolithic Geological Services to handle the sale process and it is now planning to concentrate its exploration efforts on the company’s flagship Carr Boyd nickel project.

Torian Resources has clocked up a string of shallow gold intercepts adding to a burgeoning arsenal of strikes at its flagship Mt Stirling project, some 40 kilometres north-west of Leonora in WA. The latest set of results include a 24 metre intersection grading 2.02 grams per tonne gold from 10m downhole with an internal 3m section going 7.09 g/t gold from 17m.

WA-based explorer St George Mining has announced new high-grade targets at its flagship Mt Alexander project after a seismic survey turned up large intrusion structures prospective for nickel sulphide. The company says the area has the potential to host significant volumes of mineralisation and has taken no time to fire up the rig with drilling already underway on the first of five fresh targets.

ASX-listed explorer Strickland Metals has intersected a flurry of gold hits at its Dusk til Dawn prospect in WA that extends mineralisation down-dip following a series of successful strikes at the same prospect late last year. A remodelling of the current 108,900 gold ounce resource is now underway at the prospect where the company believes it will add substantial gold ounces to the resource base.

Surefire Resources could be gearing up for a busy year after drilling at the Yidby Road gold project scooped up a legion of wide gold hits. The best results included a 13 metre intersection running 1.33 grams per tonne gold from 234m including a 2m section grading 3.88 g/t gold from the same depth. The project lies adjacent to the over one million-ounce Minjar gold project in WA.

ASX-listed Image Resources has wrapped up most of the acreage in its deal to bolt a sought-after package of tenements into its Mid West WA minerals sands business. The deal adds further expansion opportunities to the company’s development plans for its Atlas and Bidaminna deposits. Under the agreement, Image is paying $24 million out of cash reserves to add more than 230 per cent to its total mineral resources.

American West Metals has launched a maiden drilling campaign at its West Desert zinc-copper-indium deposit in Utah, USA. The program is aimed at expanding the known historic mineralisation by drill testing the continuity of a suite of high-grade zinc and copper hot spots. The company says the results will be fed into a mineral resource estimate and used to assess the potential of an open pit mining operation.

Superior Resources has chipped significant gold from historic prospective outcrops at Windmill East and Origin, 210 kilometres west of Townsville in central Queensland with grades as high as 65.92 grams per tonne gold. The company says the results from its first entry into the old Pancontinental prospects are a sign it could be on to a mineralised system significantly larger than previously thought.

Shares in Kalgoorlie gold explorer Zuleika Gold more than doubled in intraday trading after wily WA “prospector” Mark Creasy produced a $3m cheque to back the company’s gold exploration efforts near Kalgoorlie. Zuleika shares touched 4.7c after closing at 2c the day before when the market learned that the man with the Midas touch saw something he liked at Zuleika.

ASX-Listed kaolin and gold explorer Kula Gold has restarted drilling at its 100 per cent owned Boomerang Kaolin prospect to finish a previously planned 62-hole program before adding a further 18 RC drillholes. Logging to date has displayed an average kaolin vertical thickness of 29 metres with an average depth of 5.7m below surface. The gold potential is also being tested in the bedrock beneath.

Blackstone Minerals has made a lightning bolt strategic investment in laterite nickel by rolling A$2.75m into NICO Resources’ IPO to gain a 15.11 per cent interest in the battery minerals hopeful that last year picked up Metals X’ massive Central Musgrave Project that spans both WA and South Australia. With a serious nickel metal endowment of some 1.95m tonnes, Blackstone says it is likely one of the largest undeveloped nickel resources globally.

Budding gold developer Calidus Resources is joining forces with Haoma Mining under the guise of new company, Pirra Lithium to unlock the lithium potential of more than 1,000 square kilometres of prime Pilbara real estate. The Pilbara Craton is shaping up to be one of the world’s major lithium and tantalum provinces housing the behemoth Wodgina and Pilgangoora lithium projects alongside Global Lithium’s evolving Archer deposit.

Manganese producer Element 25 Limited has tabled a solid set of financials following a recent scoping study for the construction and operation of its planned high purity manganese sulphate monohydrate plant. The financial metrics also showed a solid 20-year life for its Butcherbird manganese project in WA that is highly leveraged towards the emerging electric vehicle industry.

Alaska-focused oil explorer 88 Energy has tipped a February spud date for its Merlin-2 well in the American state of Alaska, after announcing it has commissioned a rig, is building a snow road and is close to regulatory approval for the 8000-foot follow-up to 2021’s Merlin-1 oil discovery.

Great Southern Mining has hit high grade gold at the Southern end of its Amy Clarke prospect in WA. Drilling intersections correlate with gold in soil anomalies and set the scene for a renewed hunt for grade at the Southern end of the prospect. The company says the fact that the high grade intersections were in bedrock suggests the source of the gold may be close by.

DiscovEx Resources and JV partner Carnaby Resources are continuing to spin the money wheel at their remarkable Greater Duchess copper discovery in Queensland that has already led to a tripling of Discovex’ share price and a nine fold increase for Canaby. The JV partners recently unveiled another slew of strong results from half a dozen holes drilled across the Lady Fanny and Burke & Wills prospects.

Askari Metals has snapped up over 1700 square kilometres of potentially prospective lithium ground in Western Australia‘s Pilbara region. The company has lodged a series of exploration licence applications that will see it step up its hunt for coveted battery metals such as lithium in an area known for housing some of the world’s largest lithium deposits.

ASX-listed explorer White Cliff Minerals has kicked off its first pass drilling program at the company’s Cracker Jack prospect, which is part of its Reedy South gold project in the lucrative Meekatharra-Cue goldfields of WA. The work is part of a 74 hole, 4,440 metre shallow RC drilling campaign across both the Cracker Jack and McCaskill Hill prospects.

Congolese focused battery metals explorer, AVZ Minerals, is now a dual listed company after its shares commenced trading on the United States OTCQX financial market. The company says the listing will help it capitalise on growing US interest in its majority-owned Manono lithium and tin project. OTCQX is the world’s largest market for over-the-counter securities.

Junior gold explorer, Torian Resources looks set to add rare-earth metals to its arsenal with the discovery of a significant yttrium anomaly at its Mt Stirling project in WA’s Eastern Goldfields. A broad one kilometre anomaly has been uncovered at the project with peak values up to 521 parts per million of yttrium. The critically listed rare earth metal is used in renewable technologies including electric vehicles.

Copper developer Hot Chili continues to pump out some stellar drill results from its Cortadera copper-gold porphyry deposit in Chile as the company expands the shallow resources at its Cuerpo 1 and Cuerpo 2 deposits. Recent assay results include a massive 156 metre hit grading 0.4 per cent copper equivalent from surface that corresponds to 0.4 per cent copper and 0.1 grams per tonne gold.

West Australian-based explorer Kairos Minerals has unveiled a promising new greenfields gold target at its wholly owned 873,500oz Mt York gold project in WA’s Pilbara region. Following on from a recent 15,000m drilling blitz at Mt York, Kairos continues to probe the prospectivity of its extensive Pilbara tenure with results from the latest surface geochemical program throwing out values up to 4.6 g/t gold.

ASX-listed Kalgoorlie Gold Mining has begun assessing drill targets over its highly prospective but vastly under-explored Pinjin and Ninga Mia gold projects in Western Australia’s Goldfields. The Pinjin project occupies prime real estate along strike from Ramelius Resources’ Lake Rebecca project and Ninga Mia is no slouch either sitting adjacent to Kalgoorlie’s revered super pit.

Perth based Askari Metals has tabled a series of high-grade copper and gold results from a second round of rock chip sampling at its Horry copper project in the Kimberley region of Western Australia. Results from the recent sampling include a surface rock chip grading an impressive 8.5 per cent copper with 0.71 grams per tonne gold and 42 grams per tonne silver.

Kalgoorlie Gold Mining has launched a second RC drill campaign to follow up its initial successes achieved at the company’s La Mascotte and Great Ophir prospects within its Bulong Taurus project just 35kms east of Kalgoorlie. Encouraging results in the initial six hole drill campaign include a 7m hit going 14.87 grams per tonne gold from surface.

St George Mining has kicked off a diamond drill program at its Mt Alexander nickel-copper-platinum group element project in WA with the first of several high-priority seismic targets in its crosshairs. Confidence in the Mt Alexander area has been strengthened by a recent St George and CSIRO research project that indicates the rocks hosting nickel mineralisation at the nearby Cathedrals belt are associated with Mt Alexander.

Meeka Gold has launched a 7,000 metre aircore and RC drilling campaign at its Circle Valley gold project in the Albany-Fraser Mobile Belt in WA following up multiple gold hits intersected in 2021 drilling. Drill targeting will chase up a mineralised area defined through previous drilling and soil sampling that spans 1.2 kilometres by 400m and produced some solid results.

Globe Metals & Mining has appointed a full time Africa-based CEO to develop its Kanyika Project in Malawi, promoting Grant Hudson from General Manager - Corporate Services to run the aspiring niobium and tantalum miner. Long serving managing director Alistair Stephens will become a senior adviser to the Board and Executive Management Team that Globe said would allow for a smooth transfer of responsibilities.

Aldoro Resources is set to sink over 60 holes totalling 3730 metres across its Niobe East, Niobe Southeast and Breakaway pegmatites in WA after a RC drill rig was delivered to the site. The program follows a recently wrapped up exploration campaign that saw the company bag up around 50 rock chip samples with elevated lithium pathfinder minerals.

West Cobar Metals has mobilised a diamond drill rig to its Mount Jack copper-gold project in New South Wales with an initial 500 metre hole planned to test a bullseye ‘Cobar style’ anomaly. Historical drilling in the area showed geochemical indications of copper and gold mineralisation in the cover rocks but failed to reach the modelled magnetic target interpreted to sit at approximately 200m depth.

Aspiring silver and base metals producer Adriatic Metals has completed the finance for its Vares silver project in Bosnia and Herzegovina, bedding down US$142.5 million of debt finance and putting it in line to be Europe’s next miner. Last month Adriatic reported more high-grade silver and zinc hits from step-out holes near its cornerstone Rupice multi-commodity deposit, part of the larger Vares project.

Middle Island Resources has defined multiple drill targets considered prospective for “IOCG” style copper-gold mineralisation at its Crosswinds project within the emerging Tennant Creek mineral hub in the NT. An induced polarisation geophysical survey identified the deep-seated targets below previously defined surface copper mineralisation. A recent cash injection has the company well-funded with plans now being drawn up to commence an aggressive drilling campaign of the area.