COMMODITY CAPERS: Try striking up a conversation about lithium-ion batteries without cobalt eventually featuring. The reason is simple, cobalt contributes up to 60 per cent of the value of lithium-ion batteries, which in turn accounts for 42 per cent of demand for cobalt. Cobalt’s other main use at 16% is in superalloys which compliments the […]
THE DRILL SERGEANT: Peel Mining (ASX: PEX) released further drill results from the company’s 100 per cent-owned Wagga Tank/Southern Nights project, south of Cobar in western New South Wales. Peel Mining said the results continue to confirm its view that it has discovered a large or ‘camp-scale’ base metal-rich mineral system comprising multiple high-grade deposits […]
THE DRILL SERGEANT: Corazon Mining (ASX: CZN) claimed discovery of four new cobalt-copper-gold anomalies at the Cobalt Ridge prospect, located within the company’s Mt Gilmore project in New South Wales. Corazon Mining said the new geochemical anomalies have extended the known cobalt-mineralised system at Cobalt Ridge to an area of approximately three kilometres in strike […]
THE BOURSE WHISPERER: Barra Resources (ASX: BAR) has completed a strategic review of its gold assets resulting in an updated gold exploration strategy for the company’s wholly-owned Burbanks gold project southeast of Coolgardie in Western Australia. Barra Resources recently consolidated ownership over the entire Burbanks gold project following the re-acquisition of the Birthday Gift gold […]
THE DRILL SERGEANT: Intermin Resources (ASX: IRC) released an updated JORC 2012-compliant Mineral Resource for the company’s Richmond vanadium project in central north Queensland. Intermin Resources owns 100 per cent in five Mineral Exploration Permits (EPM25163, EPM25164, EPM25258, EPM26425 and EPM26426) covering 481 Blocks near Richmond and 100 per cent of the metal rights to […]
THE DRILL SERGEANT: Alto Metals (ASX: AME) released results from 50gm fire assays carried out on one-metre individual RC samples from a recent drilling program. Alto Metals said the 15 hole and 1 re-entry drilling program had been undertaken in February at the Vanguard prospect within the company’s Sandstone gold project in the East Murchison […]
THE DRILL SERGEANT: Magmatic Resources (ASX: MAG) informed the market of completion of RC drilling at the MacGregors and MacGregors South targets at the company’s Parkes Joint Venture project in New South Wales. Magmatic Resources said the drilling identified a two-kilometre mineralised gold trend at higher grades than previous exploration. Three deep RC holes were […]
THE DRILL SERGEANT: Saturn Metals (ASX: STN) announced the commencement of a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Apollo Hill gold project in the Western Australian goldfields. Saturn Metals carried out a re-interpretation of historical drill data from Apollo Hill, from which it has highlighted the potential for several […]
THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has restructured its Bonya Joint Venture with Arafura Resources (ASX: ARU) in the Northern Territory. Rox Resources explained the JV has been restructured to simplify the current arrangements between both parties. Back in 2014, Rox earned a 51 per cent interest in certain minerals, (copper, lead, zinc, silver, […]
THE DRILL SERGEANT: Global Geoscience (ASX: GSC) provided an update on progress of a Pre-Feasibility Study (PFS) underway at the company’s 100 per cent-owned Rhyolite Ridge lithium-boron project located in Nevada, USA. The recent S&P/ASX 300 Index-invested company is working with Amec Foster Wheeler on the PFS. Global Geoscience explained the current work is being […]
