Lithium Australia Completes Energy Storage JV

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) announced the completion of its Joint Venture for joint battery marketing operations with China-based battery and energy storage specialists the DLG Group (DLG).

Lithium Australia said the new enterprise will be an incorporated JV venture with it holding 50 per cent interest and DLG the same.

The JV will be trading as Soluna Australia Pty Ltd, which has been established to sell lithium-ion batteries (LIBs) and Soluna energy storage products into the rapidly expanding Australian renewables energy market.

Lithium Australia cited a detailed investigation of the Australian energy-storage industry that identified there to be serious supply-chain constraints in the delivery of LIBs to Australian customers.

The company indicated that Soluna Australia intends to provide a new and reliable supply source for renewable energy solutions to power users in Australia.

The Australian renewable energy sector is presently experiencing strong growth, which has led the Australian Council of Learned Academics to estimate that 16 Gigawatt hours of energy storage will be required by 2030 to ensure security of electricity supply for the medium forecast rate of uptake of renewable energy.

That is estimated to necessitate investment of more than $5 billion in energy-storage solutions in the next 10 years, with LIBs forming a large proportion.

Under the Lithium Australia/DLG agreement, the parties will facilitate technological cooperation between LIT Subsidiary, VSPC Ltd and DLG for both cathode and battery R&D.

DLG will work with Lithium Australia to further develop VSPC’s cathode powders, initially with a focus on lithium-ferro-phosphate (LFP) LIBs, LFP being the ideal battery chemistry for Australian energy-storage applications.

DLG has been working with VSPC to test LFP cathode powders produced at the latter’s pilot plant in Brisbane, Australia.

Those powders have been used in the manufacture of commercial 18650 LIBs at DLG’s Shanghai R&D facility.

“Formalisation of Lithium Australia’s Joint Venture with DLG, which resulted in the creation of Soluna Australia, paves the way for the introduction of superior energy-storage products into the Australian market, reducing the carbon footprint of national energy consumption for both residential and industrial consumers,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“We foresee great potential for energy storage in fringe-of-grid and off-grid applications, as well as improvements in the utilisation of power from existing grids.”

 

Email: info@lithium-au.com

 

Web: www.lithium-au.com

Corazon Mining Intersects Strong Nickel-Copper Sulphide Mineralisation

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) received preliminary results from the first three holes completed in the current phase of drilling at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide Mining Centre in Canada.

Corazon Mining said the preliminary results were highly positive with all three holes intersecting strong sulphide mineralisation, including a broad zone of more than 35 metres of strong sulphide mineralisation (between 7 metres to 42 metres downhole) in hole 7.

The three completed holes (holes 5, 6, 7) have been drilled for a total of approximately 356 metres, targeting areas around the A Orebody that had previously been covered by infrastructure from the A-Shaft and processing plant area within the historical Lynn Lake Mining Centre.

Corazon’s current phase of drilling is focused on the Lynn Lake Mining Centre, where the primary targets are near-surface mineralisation on-strike from historical mines and existing resource areas, with the aim of further expanding the project’s already large resource base.

Approximately 1,200 metres of diamond core drilling are planned for the current program, which is expected to be completed in the current month.

Hole #5 intersected at least five metres of good sulphide mineralisation, before being terminated early due to intersecting what is interpreted to be the backfilled crown pillar stope.

Hole #6 intersected multiple narrow zones of mineralisation, consistent with mineralisation marginal to the Lynn Lake deposits.

Hole #7 intersected a broad zone of plus 35 metres of strong sulphide mineralisation between 7 metres to 42 metres downhole.

“Corazon’s recent mining studies at Lynn Lake have predominantly centred on nickel deposits at depths of more than 400 metres below surface,” Corazon Mining said in its ASX announcement.

“This work has highlighted the potential to define additional resources closer to surface adjacent to Lynn Lake’s historically mined areas.

“These areas are the initial focus for the current drilling program.”

In addition to testing the historical mining areas, Corazon has also defined several new high-potential areas geophysically analogous to the Lynn Lake sulphide deposits within the Lynn Lake Mining Centre, which the company considers to represent further resource upside potential.

 

Email: info@corazon.com.au

Web: www.corazon.com.au

Venture Minerals Scores Tasmanian Government Co-Funding

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) has secured co-funding from the Tasmanian Government to drill test priority EM targets at the company’s Mt Lindsay tin project in 2020.

Venture Minerals enjoyed a successful outcome of submissions it made to the Tasmanian State Government, receiving for co-funding of up to $202,000 for exploration drilling to be carried out at three priority targets the company generated via a recently completed Major EM Survey over the Mount Lindsay project.

The EM Survey identified several strong conductors coinciding with previously gathered exploration data to define priority drill targets, which included Renison Bell-style high-grade tin, Mount Lindsay-style tin-tungsten and nickel sulphide targets.

The Mount Lindsay project is already classified by the Australian Government as a Critical Minerals Project with an advanced tin-tungsten asset, which Venture Minerals believes will only be further enhanced by the delineation of several high-priority drill targets of the same style of mineralisation through the recently completed major EM Survey.

Venture claims Mount Lindsay as one of the largest undeveloped tin projects in the world, containing in excess of 80,000 tonnes of tin metal and within the same mineralised body a tungsten resource containing 3.2 million MTU (metric tonne units) of tungsten.

Tin is now recognised as a fundamental metal to the battery revolution and new technology and the International Tin Association is predicting a surge in demand driven by the lithium-ion battery market of up to 60,000 tonnes per annum by 2030 (world tin consumption was 363,500t in 2018).

Venture explained the Renison-style target is a strong EM conductor supported at the surface by tin in soil anomalism and an alluvial Tin Field mined over 100 years ago, a coincidental magnetic anomaly, and is sitting within the same carbonate units and potentially the same fault zone (Federal-Basset Fault) that hosts the Renison Bell Tin Mine.

“The successful submission for co-funded drilling (in 2020) of some of our priority drill targets generated by the recently completely Major EM Survey at Mount Lindsay validates the strength of all the numerous priority targets at Mount Lindsay that include Renison-style tin, Mount Lindsay-style tin-tungsten and nickel sulphide targets,” Venture Minerals managing director Andrew Radonjic said in the company’s announcement to the Australian Securities Exchange.

“With the increased exploration potential at Mount Lindsay combined with its current status as one of the largest undeveloped tin assets in the world, clearly Mount Lindsay is a leading Australian Critical Minerals Project.

“Tin and tungsten are globally classified as critical minerals.

“Recently the Australian Government said that global demand for Australian resources has broadened in recent years to include minerals used in a range of emerging high tech applications across a variety of sectors such as renewable energy, aerospace, defence, automotive (particularly electric vehicles), telecommunications and agri-tech.

“Known as critical minerals, this group of minerals is considered essential for the economic and industrial development of major and emerging economies.”

 

Email: info@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

Pioneer Resources Encouraged by Cade Drilling Results

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) received assay results from the final 11 holes of a recent drilling program completed at the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

The Resources Roadhouse managed a quick chat with Pioneer Resources managing director David Crook at the 2019 Brisbane Resources Round-up.

Pioneer Resources carried out the drilling that tested two of four lithium-caesium-tantalum (LCT) pegmatite targets, resulting in the discovery of the Cade spodumene deposit.

The drilling also encountered intersections of mineralisation at Spodumene Target 1.

Assays have been received for holes PDRC278 through PDRC288, and include:

From the Cade deposit, intersections of low iron spodumene:

PDRC278
15 metres at 1.48 per cent lithium oxide (Li2O);

PDRC287
13m at 1 per cent Li2O; and

PDRC288
15m at 1.13 per cent Li2O.

From the CNE target, which was an unrecognised pegmatite located immediately northeast of the Cade deposit:

PDRC282
4m at 1.22 per cent Li2O.

From Spodumene Target 1, which outcrops approximately 2km west of the Cade Deposit:

PDRC291
10m at 1 per cent Li2O.

Pioneer noted that all mineralised pegmatites remain open and that drilling is expected to resume in November to further determine their dimensions.

The company highlighted that the four targets it has identified to date have same apparent orientation and dip, suggestive of regional pegmatite stacking.

“The Cade deposit is a significant low-iron spodumene discovery confirmed by our first pass of drilling,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

“This is testament to the way Pioneer approaches exploration and provides us with an outstanding starting base from which we hope to build a substantial lithium project.”

The drilling scheduled to resume in November will initially target mineralisation at Spodumene Target 1 and the CNE pegmatite, as well as other substantiated geochemical and geophysical targets, including anomalies identified by deep ground penetrating radar (DGPR) survey that is currently in progress.

In addition, six diamond core holes will be drilled into the Cade spodumene deposit to test the proposed plunge of the mineralisation and to produce samples for metallurgical testing.

 

Email: info@pioresources.com.au

Web: www.pioresources.com.au

 

Blackstone Minerals Hits More Nickel Sulphide Intersections at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed a good start to the 2019 Brisbane Resources Roundup by reporting on the second round of results from maiden drilling at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse caught up with Blackstone Minerals managing director Scott Williamson at the 2019 Brisbane Resources Round-up.

Blackstone Minerals said the second round of results from diamond drilling at the Ta Khoa project delivered further substantial intersections of disseminated nickel sulphide as well as noteworthy PGEs.
The maiden drilling results from the latest six drill holes in the program include:

BP19-04
16.6 metres at 0.34 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.07 grams per tonne PGE from 104.4m;

BP19-05
15.8m at 0.57 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 118.2m;

BP19-06
27.7m at 0.88 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 101m;

BP19-08
29.4m at 1.00 per cent nickel, 0.12 per cent copper, 0.02 per cent cobalt and 0.6g/t PGE from 140.6m;

BP19-09
11.9m at 1.46 per cent nickel, 0.15 per cent copper, 0.02 per cent cobalt and 1.09g/t PGE from 107m; and

BP19-10
33.3m at 0.80 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 136.9m.

“Drilling at Ta Khoa continues to deliver significant intersections of disseminated nickel sulphide and, with the recently identified potential for substantial platinum group element (PGE) credits, the Ban Phuc DSS is shaping up to be a globally significant nickel sulfide system,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Blackstone is the first company to assay the Ban Phuc DSS for PGEs that has resulted in the recent uncovering of what it considers as a previously unrecognised opportunity.

Previous operators focused on the Ban Phuc MSV, which has relatively low PGE grades, and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa project.

Blackstone feels its maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with disseminated nickel sulphide mineralisation could greatly improve the economics of the Ta Khoa nickel project.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Hammer Metals Kicks Off Bronzewing South Follow-up Drilling Program

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) recently commenced an aircore drilling program at the company’s Bronzewing South gold project located in the Yandal Belt of Western Australia.

Hammer Metals is conducting the 15,000 metres aircore program to test multiple targets along-strike from the 1.07 million-ounce Orelia deposit held by Echo Resources (ASX: EAR).

The drilling will test four targets within the prospective mineralised trends that extend for a distance of 14 kilometres along strike to the north of Orelia.

The Resources Roadhouse spoke with Hammer Metals managng director at the recent 2019 Brisbane Resources Round-up.

Hammer noted that previous historic RAB and its own aircore drilling on the structure north of the Orelia deposit averaged 30m in depth and outlined numerous bottom-of-hole gold anomalies that will be followed-up.

“This is the second Hammer program to be undertaken on the Bronzewing south project,” Hammer Metals chairman Russell Davis said in the company’s announcement to the Australian Securities Exchange.

“The Orelia trend has multiple zones of gold anomalism which warrant further definition before follow-up with RC drilling.

“The Hammer program will commence to test four of these zones.

“It is anticipated that results will be progressively announced from late October onwards.”

 

Email: info@hammermetals.com.au

Web: www.hammermetals.com.au

 

Comet Resources Scores High Results Graphite From Springdale Diamond Drilling

THE DRILL SERGEANT: Comet Resources (ASX: CRL) CEO Philippa Leggat provided some interesting insight to the latest results from the company’s Springdale graphite project in Western Australia at the 2019 Brisbane Resources Round-up.

Comet Resources had announcedhigh-grade results from the first hole of a recent diamond drilling program conducted at the company’s Springdale graphite project.

Comet Resources announced the first diamond drill hole targeting identified high-grade graphite mineralisation in the Northern Zone intersected 57 metres of high-grade graphite, from just 35.5 metres downhole.

Impressive assay results were returned from hole HD024 that was drilled at the easternmost end of the North zone, intersecting a wide high-grade graphite interval of:

57 metres at 22.38 per cent total graphitic carbon (TGC) from 35.5m using a 1 per cent TGC cut-off.

Comet said that graphite grades encountered throughout the zone were consistently high and that they clearly correlate with the massive graphite mineralisation observed in the core.

The company explained that hole HD024 had been designed as a PQ metallurgical angle scissor hole testing earlier-drilled vertical RC hole HR0126, which had intersected 46m at 12.16 per centTGC from 38m, including 17m at 19.9 per cent TGC from 51m.

The company observed that Total Graphitic Carbon assays for both holes at the intersection cross point are very similar, confirming good grade consistency between RC and diamond drill holes.

From core observations, Comet considers it is possible that HD024 has been drilled sub-parallel to the fold structure and is probably not reflective of expected true width of mineralisation.

“What wonderful results from the first diamond drill hole into the Northern Zone, especially considering how high the grade is over such a broad zone,” Comet Resources CEO Philippa Leggat exclaimed in the company’s announcement to the Australian Securities Exchange.

“It also reconfirmed the company’s strategy to focus on the shallow, high-grade mineralisation at Springdale.

“Diamond core from this hole is now in the metallurgical lab for characterisation and floatation testwork.

“From this work and over the coming weeks, we anticipate a series of important results relating to initial recoveries and flake distribution.

“On from that we will continue to optimise the results across a broader range of samples.

“This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months.”

 

Email: comet@cometres.com.au

Web: www.cometres.com.au

 

Anglo Australian Resources Expands Mineralised Footprint at Mandilla Gold Project

THE DRILL SERGEANT: Anglo Australian Resources (ASX: AAR) chairman John Jones sat down with The Resources Roadhouse at the recent 2019 Brisbane Resources Round-up.

Anglo Australian Resources had just reported on progress of reverse circulation (RC) drilling underway at the Mandilla East prospect, part of the company’s 100 per cent-owned Mandilla gold project, located south of Kalgoorlie in Western Australia.

Anglo Australian Resources said the drilling has confirmed good continuity of mineralisation within the existing resource area with some outstanding intersections recorded, including:

MDRC103
99 metres at 1.47 grams per tonne gold from 36m

MDRC104
163m at 1.75g/t gold from 37m, including 90m at 2.45g/t gold from 39m

MDRC105
35m at 1.42g/t gold from 84m

MDRC106
18m at 1.55g/t gold from 67m

MDRC106A
8m at 1.09g/t gold from 63m
64m at 0.64 /t gold from 101

MDRC107
58m at 1.52g/t gold from 59 m
1m at 7.72g/t gold from 136m
20m at 2.1g/t gold from 172m

MDRC108
56m at 0.61g/t gold from 72m

MDRC111
32m at 0.75g/t gold from 13m
7m at 2.27g/t gold from 95m
17m at 0.75g/t gold from 142m

MDRC112
6m at 2.05g/t gold from 91m
40m at 0.63g/t gold from 136m

MDRC113
56m at 1.36g/t gold from 101m, including 1m at 42.35g/t gold from 143m

MDRC140
4m at 1.82g/t gold from 191m

“These new assay results continue to deliver excellent widths and grade, confirming that the Mandilla Gold Project has an extensive strike length whilst remaining open at depth,” Anglo Australian Resources chairman John Jones said in the company’s announcement to the Australian Securities Exchange.

“Ongoing drill campaigns will likely continue to expand the footprint of the syenite-hosted gold mineralized system.

“All the evidence to date points to there being significant potential for bulk open-pit mining style mineralisation at Mandilla.”

 

Email: info@anglo.com.au

Web: www.anglo.com.au

 

Blackstone Minerals Encounters Further Broad Nickel Sulphide Intersections at Ta Khoa

THE DRILL SERGEANT: Blackstone Minerals (ASX: BSX) enjoyed a good start to the 2019 Brisbane Resources Roundup by reporting on the second round of results from maiden drilling at the company’s Ta Khoa nickel project in Northern Vietnam.

The Resources Roadhouse caught up with Blackstone Minerals managing director Scott Williamson at the 2019 Brisbane Resources Round-up.

Blackstone Minerals said the second round of results from diamond drilling at the Ta Khoa project delivered further substantial intersections of disseminated nickel sulphide as well as noteworthy PGEs.
The maiden drilling results from the latest six drill holes in the program include:

BP19-04
16.6 metres at 0.34 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.07 grams per tonne PGE from 104.4m;

BP19-05
15.8m at 0.57 per cent nickel, 0.07 per cent copper, 0.01 per cent cobalt and 0.26g/t PGE from 118.2m;

BP19-06
27.7m at 0.88 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.74g/t PGE from 101m;

BP19-08
29.4m at 1.00 per cent nickel, 0.12 per cent copper, 0.02 per cent cobalt and 0.6g/t PGE from 140.6m;

BP19-09
11.9m at 1.46 per cent nickel, 0.15 per cent copper, 0.02 per cent cobalt and 1.09g/t PGE from 107m; and

BP19-10
33.3m at 0.80 per cent nickel, 0.09 per cent copper, 0.01 per cent cobalt and 0.37g/t PGE from 136.9m.

“Drilling at Ta Khoa continues to deliver significant intersections of disseminated nickel sulphide and, with the recently identified potential for substantial platinum group element (PGE) credits, the Ban Phuc DSS is shaping up to be a globally significant nickel sulfide system,” Blackstone Mineral managing director Scott Williamson said in the company’s announcement to the Australian Securities Exchange.

Blackstone is the first company to assay the Ban Phuc DSS for PGEs that has resulted in the recent uncovering of what it considers as a previously unrecognised opportunity.

Previous operators focused on the Ban Phuc MSV, which has relatively low PGE grades, and hence did not consider or investigate the full potential of the PGEs throughout the Ta Khoa project.

Blackstone feels its maiden PGE assays combined with the abundance of disseminated nickel sulphide targets suggest PGEs associated with disseminated nickel sulphide mineralisation could greatly improve the economics of the Ta Khoa nickel project.

 

Email: admin@blackstoneminerals.com.au

Web: www.blackstoneminerals.com.au

 

Meteoric Resources Continues Juruena Golden Run

THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) managing director Andrew Tunks spoke with The Resources Roadhouse at the 2019 Brisbane Resources Round-up.

Meteoric Resources had earlier announced the latest batch of assays from the company’s 100 per cent-owned Juruena gold project in Brazil.

Meteoric Resources has received assays from drill holes JUDD003 to JUDD008 of its maiden drilling program, the results from which have continued to produce fresh bonanza grade gold intercepts.

Gold assays received for latest batch of diamond drill holes, include:

JUDD008
14 metres at 81.7 grams per tonne gold from 142m, including 2m at 71.6g/t gold from 144.5m and 2.5m at 287.4g/t gold from 149m; and

JUDD007
3.5m at 15.3g/t gold from 124m, including 1m at 51.9g/t gold from 124m.

Meteoric explained that hole JUDD008 has extended the high‐grade core of mineralisation outside the Indicated portion of the Dona Maria Mineral Resource.

The JUDD008 intercept indicated above was encountered 30m south and around 40m down dip of JUDD001, which intersected 20.6m at 94.9g/t gold from 96.8m, including 3.65m at 508.4g/t gold from 107.5m, with potential that the bonanza grade portion extends even further to the south.

“We knew with the visible gold detected in Hole JUDD008 that the results would be very exciting indeed, but we are thrilled to report more significant intercepts such as fourteen metres at 81 grams per tonne gold in JUDD008 and three and a half metres at 51 grams per tonne gold in JUDD007,” Meteoric Resources managing director Andrew Tunks said in the company’s announcement to the Australian Securities Exchange.

“To date the initial drilling at Don Maria has been a great success and has given us the confidence to model a potential high‐grade ore shoot that we will test in a final deep hole at the end of the program.

“Holes JUDD09 to JUDD013 are being logged and sampled and we look forward to reporting the full results once the assays are returned in early November.

“At Juruena we are now moving our attention to the Tomate and Querosene prospects where we intend to drill a further 10 holes testing some high‐grade areas both inside and outside the known resources.”

Just nearby is Meteoric’s Novo Astro project, which along with Juruena is considered by the company to comprise the most prospective cluster of targets within its extensive Brazilian portfolio.

Previous artisanal mining at Juruena and Novo Astro has identified and exploited both alluvial and primary mineralisation resulting in the manual production of approximately one million ounces of gold.

The Juruena project was intensely drilled by several previous explorers, however, Novo Astro has only been explored by surface exploration meaning there has never been any drilling of Novo Astro to test the gold grade and depth extent of the surface alteration and mineralisation that has been mapped, and where Meteoric recently collected high‐grade rock chips up to 290g/t gold.

Drilling began at Novo Astro in early October, commencing at the José prospect, (Hole NADD005) where rock chip samples of over 200g/t were previously collected.

“I am also excited to report that drilling has now commenced at Novo Astro with the first hole collared into the José prospect on 2 October and expected to be complete by the 15th,” Tunks said.

“A more fulsome update will be provided once the core is geologically logged.”

 

Web: www.meteoric.com.au