Recharge Metals Kicks Off Brandy Hill South Copper Project IP Survey

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THE DRILL SERGEANT: Recharge Metals (ASX: REC) is conducting an Induced Polarisation (IP) orientation survey at the company’s 100 per cent-owned Brandy Hill South copper project, located in the Murchison region of Western Australia.

Recharge Metals has designed the survey with the aim of improving targeting confidence by detecting potential sulphide-rich zones associated with copper mineralisation.

The company explained the survey is following up previous drilling results that confirmed copper mineralisation within the project area.

Earlier results included:

33 metres at 0.97 per cent copper from 59m;
77m at 0.33 per cent copper from 209m;
52m at 0.45 per cent copper from 54m, including 1m at 1.11 per cent copper, 1m at 1.81 per cent copper and 1m at 1.72 per cent copper; and
22.5m at 1.02 per cent copper from 375.5m incl. 7.5m at 1.65 per cent copper.

“With strong results at Brandy Hill South, including 33 metres at 0.97 per cent copper, the commencement of this IP survey is an exciting step forward in our exploration efforts, and seeks to identify sulphide-rich zones that could host significant copper mineralisation,” Recharge Metals managing director Felicity Repacholi said in the company’s ASX announcement.

“The IP survey is a result of the technical review that was completed by Dr Steve Beresford and reported to the market on the 8th July 2024.

“Steve’s findings informed the formulation of a relatively simple low-cost work program to advance the project, including this survey.

“Copper is one of the key commodities in the global energy transition yet relatively few new projects have emerged in recent times.

“Should exploration be successful, we anticipate substantial interest in Brandy Hill South going forward.

“We are pleased to be undertaking work programs to advance our Brandy Hill South Project whilst we continue to progress work at our flagship Carter Uranium Project in the US, with plans to be drilling later in the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Mt Malcolm Mines Continues Gold Recovery From Golden Crown

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THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) has continued to make gold recovery advancements from the company’s bulk sampling program at its Golden Crown project in Western Australia.

Mt Malcolm Mines’ latest gravity processing results have provided further confirmation of the high-grade nature of the mineralisation, reinforcing its potential for near-term production.

Recent highlights include:

• 337 ounces (10,503 g) of gold doré recovered from 979 WMT (Wet Metric Tonnes) to date, with further processing ongoing.

• $1,342,062 revenue generated from doré sales to The Perth Mint, with doré purity ranging from 85.6 to 95.19 per cent gold.

• 49.9 ounces (1,554g) of gold doré recovered from 76 WMT of mineralised material in Batch B7D.

• 69.5 ounces (2,165g) of gold doré recovered from 91 WMT of mineralised material in Batches B7E and B7F.

• 19.3g/t and 22.4g/t Gravity-Recovered Gold (GRG) from Batches B7D and B7E-B7F respectively confirm high-grade gold mineralisation.

 

Mt Malcolm Mines managing director Trevor Dixon updates Wally Graham on progress at the RIU Explorers Conference

 

“The strong gravity gold recoveries continue to reinforce Golden Crown’s potential as a viable near-term production asset,” Mt Malcolm Mines managing director Trevor Dixon said in the company’s ASX announcement.

“With over 337 ounces of gold recovered to date and doré sales exceeding $1.34 million, we are building a solid foundation for future growth.

“These efforts position Golden Crown for long-term value creation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Lunnon Metals Drills Thick High-Grade Lady Herial Gold

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THE DRILL SERGEANT: Lunnon Metals (ASX: LM8) reported assay results from reverse circulation (RC) drilling recently conducted at the company’s Kambalda Gold and Nickel Project (KGNP) in Western Australia.

Lunnon Metals undertook close spaced RC drilling at Lady Herial, its initial focus of surface activities for 2025 in the Foster Gold Belt within the KGNP.

The company described Lady Herial as an outcropping to very shallow gold deposit with the potential to deliver low strip ratios in any future open pit.

The drilling confirmed high-grade lode structures across an approximate 100m by 50m area, returning assays of:

11 metres at 3.38 grams per tonne gold;
15m at 3.84g/t gold
17m at 3.07g/t gold and
15m at 2.38g/t gold.

“Another de-risking step is now complete,” Lunnon Metals managing director Edmund Ainscough said in the company’s ASX announcement.

“Whilst the very high-grade results are great to see in the early rounds of drilling, it builds confidence to follow them up and demonstrate that the hosting structures are continuous and high-grade.

“This is just a small part of the overall Lady Herial deposit, and because it is so shallow, it will be accessed early in any future open pit so it is important to fully understand the dimensions of these structures and model them correctly.

“These structures would be mined almost immediately after any pit starts and will be a fantastic way to kick off any new mine!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Matsa Resources Executes $101M Deal for Lake Carey with AngloGold Ashanti Australia

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THE BOURSE WISPERER: Matsa Resources (ASX: MAT) may hae put any talk of takeovers to bed following its announcement of a Tenement Option Agreement executed with AngloGold Ashanti Australia.

Matsa Resources has stuck a deal with AngloGold Ashanti providing the latter with the option to acquire the majority of the former’s Lake Carey gold project near Laverton Western Australia.

The cost for Anglo to take the is a lazy $101 million (at a gold price of A$4,500) subject to other conditions being met.

An important factor of the deal is that Matsa retains the company’s near-term production Devon Pit Gold Mine, the Fortitude North Project and the Red October Accommodation Village, as well as associated tenements.

“This transaction is the culmination of negotiations over the past 12 months with AngloGold Ashanti and I am thrilled with this outcome,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“To attribute a value of approximately $101 million to the Lake Carey Gold Project speaks volumes for the exploration potential of this project.

“Not only that, Matsa retains the highly valuable, near term production Devon project, Red October Accommodation Village and what I consider to be a very exciting exploration project in Fortitude North where recent drilling highlighted its potential.

“This transaction has been a long time in the making.

“I would like to thank AngloGold Ashanti and their team for the way in which the negotiations were conducted.

“To have a party of the ilk of AngloGold Ashanti speaks to the true potential value of Matsa’s assets and has attributed a ‘see through’ value of in excess of $85 per resource ounce based on the current market gold price.

“I believe shareholders can now have a better understanding of the value of Matsa and what that now means for them and into the future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Viking Mines Encounters Gold in Bitfrost Drilling Campaign

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THE DRILL SERGEANT: Viking Mines (ASX: VKA) reported encouraging assay esults from recent drilling activity at the company’s First Hit project in Western Australia.

Viking Mines’ recent drilling focused across the project’s Bifrost target (formerly Northern Duplex Target) as part of a Phase 1 drilling program.

The company declared assays it has received have confirmed additional zones of gold mineralisation within this greenfields target area.

The best intercepts emerged from hole VKRC0103, returning:

5 metres at 1 gram per tonne gold from 102m and 3m at 1.3g/t gold from 115m, within a broader zone of 23m at 0.4g/t gold from 97m.

Viking said the results it has achieved to date demonstrate the potential for a strike extensive gold system now covering 1.7km, which it intends following up as it attempts to identify the potential source of gold.

The company signalled a phase 2 drill program is set to commence soon at another geochemical anomaly; the Central Duplex target.

Follow up drilling at Bifrost will be incorporated once remaining assays have been received.

“We have demonstrated extensive gold mineralisation pathways are present with the capacity to generate results of the tenor seen proximal to regionally relevant substantial gold deposits such as Riverina (ASX: OBM),” Viking Mines managing director & CEO Julian Woodcock said in the company’s ASX announcement.

“This first pass wide spaced drilling program covers a very large area >3.6km in strike length and has now delivered us two high priority follow up targets 1.7km apart, which warrant immediate further work.

“Work programs continue with auger drilling underway and the Phase 2 RC drill program to commence in March.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

McLaren Minerals (ASX: MML) CEO managing director Simon Finnis at RIU Explorers Conference 2025

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THE CONFERENCE CALLER: McLaren Minerals (ASX: MML) CEO managing director Simon Finnis provided a focus on critical metals as opposed to the more popular gold bugs for Wally Graham of The Resources Roadhouse at the RIU Explorers Conference 2025.

Gorilla Gold Mines (ASX: GG8) CEO Charles Hughes at RIU Explorers Conference 2025

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THE CONFERENCE CALLER: Gorilla Gold Mines (ASX: GG8) CEO Charles Hughes explains the company’s high-grade gold focus on its three western Australia projects to Wally Graham of The Resources Roadhouse at RIU Explorers Conference 2025.

Javelin Minerals (ASX: JAV) executive chairman Brett Mitchell at RIU Explorers Conference 2025

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THE CONFERENCE CALLER: Javelin Minerals (ASX: JAV) executive chairman Brett Mitchell outlines the company’s Western Australia gold aspirations for Wally Gaham of The Resources Roadhouse at RIU Explorers Conference 2025.

Great Boulder Resources Hits Thick, Shallow Gold Zones at Side Well South

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THE DRILL SERGEANT: Great Boulder Resources (ASX: GBR) released a market update on recent drilling activities undertaken at the Side Well South prospect located within the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources completed first-pass reconnaissance air-core (AC) drilling that intersected multiple zones of shallow gold mineralisation at Side Well South.

The company described Side Well South as being a “new discovery prospect located on the +18km ‘Ironbark Corridor’.

The prospect sits outside the current global Side Well Mineral Resource Estimate (MRE) that currently stands at 668,000 ounces at 2.8 grams per tonne gold.

Highlights of the recent program include:

25SWAC003
34 metres at 1.25 grams per tonne gold from 17m, including 8m at 3.16g/t gold from 26m; and

25SWAC004
41m at 0.57g/t gold from 57m, including 7m at 1.11 gold from 57m.

The company considers these intersections to be potential extensions to high-grade lodes within the historic Golden Bracelet mine workings further south.

“Results from the first nine AC holes drilled this year at Side Well South have identified a new shallow, high-grade gold lode, 200m north of the historic Golden Bracelet mine and 140m west of the high-grade discovery we announced in January,” Great Boulder Resources managing director Andrew Paterson said in the company’s ASX announcement.

“This area is extremely prospective, highlighted by the number of historic mine workings and the surface anomalism we’ve identified using auger geochemistry.

“Any new discoveries of shallow gold at Side Well are exciting because they have potential to add resource ounces quickly, giving us more options to optimise a mine development.

“We are still waiting on assays for another 62 holes in this program.

“Follow-up drilling will be scheduled in conjunction with the RC program currently underway at Mulga Bill North.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat Syndicate ups Gold Production Ante via Lakewood Processing Facility Acquisition

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THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) has amped up its gold producing potential having struck a binding agreement with Westgold Resources (ASX: WGX) to acquire that company’s gold processing facility.

Black Cat Syndicate is acquiring Westgold’s operating, 1.2 million tonnes per annum Lakewood processing facility located on the outskirts of Kalgoorlie and within 40 kilometres of Black Cat’s 100 per cent-owned Kal East Gold Operation.

The deal makes sense for Black Cat as it expands throughput capacity of +50 per cent (from 0.8Mtpa to 1.2Mtpa), allowing the company to produce more gold sooner.

Black Cat’s production plans can be brought forward by approx. 15 months ensuring it can take immediate advantage of the current high gold price environment.

A consideration of $85 million to close the deal is comprised of $70 million in cash, in staged payments over nine months and $15 million worth of Black Cat shares, at an issue price of $0.76 per share and escrowed for 12 months from the date of issue.

The cash payable at completion is immediately available from existing cash, with future payments to be funded from operating cashflows.

“This is another transformational step in our plan to produce more gold sooner,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The acquisition of the 1.2Mtpa Lakewood processing facility accelerates Kal East by 15 months, eliminating the risks associated with construction.

“We have a 1.3 million ounce Resource base near Lakewood with deposits open along strike and at depth.

“This acquisition provides a pathway to harvest the cash from Kal East, complemented by ongoing drilling and growth.

“We look forward to running Lakewood which is on the doorstep of Kalgoorlie and has previously been pivotal in the growth of Silver Lake Resources (now Vault Minerals) and Karora Resources.

“We are thrilled to be able to announce this acquisition as we continue to transform into a significant WA gold miner, producing more gold, sooner.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE