RIU Roadshow to Deliver Steady News Flow

/in , /by

THE CONFERENCE CALLER: Delegates attending the Sydney and Melbourne legs of the RIU Resources Investor Roadshow next week should anticipate a raft of news emanating from participating companies.

The Resources Roadhouse will be in attendance to keep a close eye on proceedings with a few companies already putting their hands up for attention.

VRX Silica (ASX: VRX) has had its patience rewarded with approval from the Western Australia Minister for the Environment for the development of the company’s Arrowsmith North silica sand project 270km north of Perth.

The company views the approval as a “significant milestone” in that it clears the pathway for it to finalise remaining approvals and permitting.

“We now look forward to maintaining engagement with all our Arrowsmith North stakeholders as we move towards commencement of construction followed by mining,” Bruce Maluish, VRX Silica managing director Bruce Maluish said.

“VRX is now actively focused on finalising infrastructure solutions for the project, binding offtake agreements and project finance, with a goal of first production in 2026.

Arrowsmith North is a high-quality silica sand operation that is anticipated to service the growing glass and foundry markets in Asia and underpin the establishment of a new long-life export industry in the Mid West region of WA.

Ballard Mining (ASX: BM1) will no doubt be eager to talk about a new gold discovery ithas made via exploration drilling program at it’s the company’s Mt Ida gold project located 540km northeast of Perth in the WA Goldfields region.

The company reported results from initial regional exploration drilling it claims to have identified a new gold discovery at the Neptune prospect.

Assays returned from Neptune include:

IDRD410
23 metres at 1.8 grams per tonne gold from 21m;

IDRD417
7m at 5.8g/t gold from 113m; and

IDRD408
7m at 1.7g/t gold from 48m.

Neptune is the first of 18 regional exploration prospects that were identified as part of the company’s recent IPO.

“This an exceptional start to our regional exploration program,” Ballard Mining managing director Paul Brennan said.

“The discovery has striking similarities to mineralisation at the Baldock deposit which opens up the entire Ballard Fault with the potential to host another Baldock scale deposit.”

 

To find out more about the RIU Resources Investor Roadshow CLICK HERE

 

 

Gold Companies Make Tasty Treats

/in , /by

THE CONFERENCE CALLER: With the cannibalistic nature of Western Australian gold companies on show as they gobble up their contemporaries, watching them consider what could be next on the menu is fascinating.

Nobody loves gold more than those who explore, mine and produce it.

That love runs deep and was clearly on display at the Diggers & Dealers Mining Forum in Kalgoorlie this week.

On Day One of the conference attendees were treated to a public display of affection (PDA) by Ramelius Resources (ASX: RMS) director Mark Zeptner and recently appointed non-executive director and deputy chair Simon Lawson following Ramelius’ acquisition of Spartan Resources, of which Lawson was executive chairman.

The two men have enjoyed an antagonistic yet friendly rivalry over the journey, however, there was plenty of bonhomie on show for the punters in the auditorium of the Kalgoorlie Arts Centre.

“There’s lots of similarities in terms of structure,” Lawson said while indicating how the multiple Ramelius deposits in the Mt Magnet area, including the high-grade Break of Day deposit offer a healthy amount of exploration potential.

Ramelius may have snared what many market watchers consider being the biggest golden goose flying around, but this has not stopped others in the sector looking over their back fences for growth opportunities.

Capricorn Metals (ASX: CMM) is one that comes to mind.

Capricorn chief development officer Shane Clark informed the conference’s Day Two audience of that company’s recent acquisitional activities that he asserted would result in the company becoming a gold producer of some note.

The company’s Karlawinda gold project boasts a 1.4 million ounces of gold reserve, from which it has produced in four years since commencement 468,000 ounces of gold at All In Sustaining Costs of $1,311 per ounce raking in $622 million.

The mine is currently being expanded to be able to produce 150,000 ounces per annum.

The Mt Gibson gold project in the Mid-West region of WA was acquired in July 2021 and is a development project Clark described the company’s jewel in the crown.

Capricorn made the crown heavier by recently announcing its intentions to acquire Warriedar Resources (ASX: WA8), owner of the Golden Range Project (GRP), including the Ricciardo gold-antimony deposit and the Fields Find gold project.

“We believe Capricorn acquiring Warriedar is a strategic and logical consolidation of Western Australian south Murchison gold projects,” Clark told delegates.

Clark said the deal provided Capricorn with exposure to the Golden Range project’s value, “plus further derisking future funding and development requirements.”

“Capricorn has the operational experience and expertise to integrate the Golden Range project into the Mt Gibson Hub,” he continued.

He said the company aims to, “Develop an enhanced project to maximise value for all stakeholders.”

At a media presser following Zeptner’s and Lawson’s Day One presentation, the former admitted Ramelius could now very well be a potential takeover target for predators due mainly to the scenario of Mt Magnet becoming a long-life, 350,000 ounces per annum producer and the company’s stated ambition to become a 500,000 ounces per annum producer by 2030.

Capricorn is cashed up and has demonstrated a bent for Murchison acquisitions. Could Mt Magnet complement Mt Gibson? A meal of Ramelius with lima beans and a nice chianti sounds nice.

 

 

Emmerson Resources Recommences Drilling at White Devil

/in , /by

THE DRILL SERGEANT: Emmerson Resources (ASX: ERM) is back out with an RC drilling rig at the company’s White Devil deposit near Tennant Creek in central Northern Territory.

Emmerson Resources recently announced a Mineral Resource Estimate (MRE) for White Devil of 4.6 million tonnes at 4.2 grams per tonne gold for 611,400, 87 per cent of which sits in the Indicated Category.

The company declared this to be the largest undeveloped gold MRE in the Tennant Creek Mineral Field.

Emmerson explained the deposit is poorly tested at shallow depths along strike to the east and west as well as at depth, which it considers providing additional upside potential to the existing MRE.

The new RC drill program has been designed to infill shallow western extensions to the current MRE and test potential extensions of the mineralisation to the west, which is hoped to have a material positive impact on the western end of the open pit design that could ultimately be developed.

The company is currently undertaking a White Devil Scoping Study that is progressing well and expected to be completed in approximately four weeks.

“After the Mineral Resource update just over a month ago, we are pleased to be back out in the field at White Devil to complete shallow infill drilling and test for additional extensions to the west that could provide additional upside to our open pit design,” Emmerson Resources managing director Mike Dunbar said in the company’s ASX announcement.

“We are very close to completing the Scoping Study for White Devil, which we expect to be the first deposit defined as a Major Mine Deposit under our JV arrangement with TCMG, a 100 per cent subsidiary of AIM-listed gold producer Pan African Resources.

“Furthermore, we anticipate being able to move from the Scoping Study straight into a Pre-Feasibility Study and are preparing for that with the geotechnical drill program.

“As the largest undeveloped gold Mineral Resource in the Tennant Creek Mineral Field, White Devil is a clear game changer for Emmerson as well as Pan African, who recently commenced commercial gold production at the nearby 840,000 tonnes per annum Nobles CIL plant.

“This is amplified in the current strong gold price environment and Emmerson is highly focused on rapidly unlocking its full potential for the benefit of shareholders and the Tennant Creek community.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Miramar Resources Identifies Multiple New IOCG Targets at Whaleshark

/in , /by

THE DRILL SERGEANT: Miramar Resources (ASX: M2R) has identified multiple new targets it considers prospective for iron oxide copper-gold (IOCG) mineralisation at the company’s 100 per cent-owned Whaleshark project in Western Australia.

Miramar Resources carried out remodelling of geophysical data at the Whaleshark project of aircore drilling conducted in 2022 that intersected geochemical anomalism and alteration suggestive of IOCG mineralisation.

Further EIS co-funded diamond drilling completed in 2023 intersected chalcopyrite in two holes, including within an iron-rich NW-trending structure cross-cutting the granodiorite.

The company explained the new modelling had identified several new targets with overlapping gravity and magnetic anomalies, which it said was a key signature of many large IOCG deposits.

“At Whaleshark, we have strongly anomalous copper, gold and other IOCG pathfinders, IOCG-style alteration and copper sulphide mineralisation associated with iron-rich rocks,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“A key advantage of exploration at Whaleshark is that the prospective basement rocks are much shallower than in other IOCG provinces, such as the Stuart Shelf in South Australia.”

Miramar is examining methods to refine and prioritise various the bedrock IOCG targets at Whaleshark before further drilling, including completion of infill gravity surveys and conducting ground and/or airborne magnetotelluric (MT) surveys.

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Leeuwin Metals Commences Phase 2 Drilling at Marda Gold Project

/in , /by

THE DRILL SERGEANT: Leeuwin Metals (ASX: LM1) has commenced a Phase 2 reverse circulation (RC) drilling program at the company’s 100 per cent-owned Marda gold project in Western Australia.

Leeuwin Metals has kicked off the drilling at the project’s Marda Central prospect designed to extend high-grade mineralisation identified in its earlier Phase 1 drilling campaign.

The previous drilling returned multiple shallow, thick, high-grade gold intercepts and confirmed the potential for a healthy gold system across the granted mining lease.

Results are expected in the September quarter. Pending the outcome, Leeuwin will assess the next stage of work including detailed geological modelling, additional follow-up drilling and commencement of resource estimation workstreams.

“The Phase 1 drilling results confirmed the immense exploration upside at Marda Central,” Leeuwin Metals executive chairman Christopher Piggott in the company’s ASX announcement.

“Given the strength of those results, we have moved quickly to start Phase 2, which is aimed at creating shareholder value by extending this known mineralisation and ultimately establishing a significant gold resource.

“We are also starting to explore the wider project area, which we believe has huge potential and has been subjected to little or no modern exploration”.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

MTM Critical Metals Recovers High-Grade Antimony at 98% from U.S. E-Waste

/in , /by

THE BOURSE WHISPERER: MTM Critical Metals ASX: MTM) has achieved a major breakthrough with the company’s Flash Joule Heating (FJH) process that recovers critical metals from electronic (e) waste.

MTM Critical Metals has achieved 98 per cent recovery of antimony from U.S. electronic waste, extracting 3.13 per cent antimony from printed circuit board feedstock using its proprietary FJH technology.

The company claimed the achieved grade far exceeds that of typical mined ore, noting that the largest primary deposits, such as China’s Xikuangshan, average just 0.5–0.7 per cent antimony.

The tested feedstock came from urban waste material from which MTM had previously reported ultra-high-grade gold, silver, and copper recoveries.

MTM has already secured over 1,100 tonnes per year of e-waste feedstock under long-term agreements with U.S. suppliers, separate from the material tested for the recent recovery work.

The company believes this provides a strong foundation for commercial deployment.

“This result demonstrates the strong technical and commercial potential of our FJH process for recovering strategic metals from e-waste,” MTM managing director & CEO Michael Walshe said in the company’s ASX announcement.

“Achieving 98% recovery of antimony at over 3% grade, from domestic urban feedstock, is particularly significant given the U.S. currently has no meaningful domestic antimony production.

“With antimony designated as a critical metal by both the DoD and DoE, these outcomes reinforce MTM’s ability to contribute to onshore supply solutions for high-priority metals.

“Combined with our recently secured, pre permitted demonstration site in Texas, we are well positioned to scale operations and advance commercial deployment.

“In parallel, the company is engaging with U.S. government agencies, including the DoD and DoE, regarding potential funding to support domestic critical metal recovery.

“While early-stage and non-binding, these discussions reflect strong interest in scalable U.S.-based refining technologies.

“The strategic role of antimony in defence, particularly in armour piercing alloys and flame-retardant systems, was a consistent theme during recent meetings in Washington.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Larvotto Resources (ASX: LRV) managing director Ron Heeks at 2025 RIU Sydney Resources Roundup

/in , , /by

Larvotto Resources (ASX: LRV) managing director Ron Heeks discusses the numbers from the recently announced Hillgrove antimony project DFS with Wally Graham of The Resources Roadhouse on Day One of the 2025 RIU Sydney Resources Roundup.

Dynamic Metals (ASX: DYM) managing director Karen Wellman at 2025 RIU Sydney Resources Roundup

/in , , /by

Dynamic Metals (ASX: DYM) managing director Karen Wellman explains recent drilling results from the company’s Cognac project to Wally Graham on Day One of the 2025 RIU Sydney Resources Roundup

Investigator Resources (ASX: IVR) managing director Andrew Shearer at 2025 RIU Resources Roundup

/in , , /by

Investigator Resources (ASX: IVR) managing director Andrew Shearer talks up silver during the current gold rush with Wally Graham on Day One of the 2025 RIU Sydney Resources Roundup.

Sunshine Metals (ASX: SHN) managing director Damien Keys at 2025 RIU Sydney Resources Roundup

/in , , /by

Sunshine Metals (ASX: SHN) managing director Damien Keys lets Wally Graham know that not all Australian gold projects are located in WA and that Queensland has plenty to contribute to Wally Graham of The Resources Roadhouse on Day One of the 2025 RIU Sydney Resources Roundup.