Azure Minerals Continues Andover Results Run

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) has acknowledged the arrival of 2021 with further massive, semi-massive and matrix sulphide mineralisation hits at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals declared that massive, semi-massive and matrix sulphide mineralisation was intersected by drill holes ANDD0005 and ANDD0006 at the Andover project (60% Azure / 40% Creasy Group).

The holes returned nickel and copper assays within broad mineralised envelopes, including:

ANDD0005
6.7 metres at 1.98 per cent nickel and 0.86 per cent copper from 325.3m within 10.7m at 1.69 per cent nickel and 0.71 per cent copper from 325.3m which is within 18.7m at 1.35 per cent nickel and 0.68 per cent copper from 325.3m; and

ANDD0006
3.8m at 1.59 per cent nickel and 0.83 per cent copper from 377.3m and 1.2m at 2.31 per cent nickel and 0.64 per cent copper from 392.7m and 7m at 2.23 per cent nickel and 0.63 per cent copper from 411.35m which is within 19.2m at 1.47 per cent nickel and 0.41 per cent copper from 406.35m.

Azure explained that hole ANDD0004, when combined with 0005 and 0006, define a vertical mineralised section exceeding 120m, with the nickel-copper mineralisation remaining open in both up-dip and down-dip directions, as well as along strike to the east and west.

Azure has completed seven diamond drill holes at the Andover project, all of which have intersected broad mineralised intervals containing substantial nickel-copper sulphide mineralisation.

To accelerate the exploration and development of Andover, Azure has initiated an intensive diamond drilling program comprising two consecutive 15,000m drilling campaigns with the first phase designed to delineate the extent of the mineralised system with the second phase defining the deposit to JORC mineral resource standards.

Additionally, based on FLTEM surveying, 12 separate electromagnetic conductor anomalies have been identified within the Andover project area.

Drilling to test the highest priority conductors is planned to commence early in the first quarter of 2021.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Apollo Consolidated Scores Infill Hits at Rebecca

THE DRILL SERGEANT: Apollo Consolidated (ASX: AOP) has greeted the new year with an update on drilling activities at the company’s 100 per cent-owned plus-one million ounce-plus Lake Rebecca gold project east of Kalgoorlie in the West Australian goldfields.

Apollo Consolidated a continuation to the growth of the Rebecca deposit, with new zones of gold mineralisation encountered by ongoing infill and step-out Reverse Circulation (RC) drilling.

Latest results include:

RCLR0729
21 metres at 2.45 grams per tonne gold and 7m at 2.09g/t gold (STRONG INFILL TEST);

RCLR0730
11m at 2.17g/t gold, 9m at 1.79g/t gold, 5m at 3.27g/t gold and 4m at 2.37g/t gold in (EXTENDS HANGINGWALL ZONE);

RCLR0741
22m at 1.31g/t gold in (NEW FOOTWALL ZONE); and

RCLR0731
10m at 2.14g/t gold and 7m at 2.21g/t gold in (STRONG INFILL TEST).

Elsewhere, new step-out drilling at the Cleo discovery has extended mineralisation and a strong >0.2g/t gold anomalism, expanding the zone to more than 350m strike and up to 150m wide.

The anomalous footprint remains open in most directions, which the company has decided to continue drill-testing to determine if potential exists for Mineral Resources.

Throughout 2020, Apollo achieved strong results from infill and step-down Mineral Resource definition drilling at the Rebecca, Duchess and Duke deposits, and the identification of new mineralisation in under-explored areas.

Results currently remain pending for four diamond holes completed at Rebecca.

All drilling results are to be included in an updated Mineral Resource estimate the company has planned for completion by Q2 2021.

“Apollo is buoyed by the success of its ongoing drilling along the approximate 1.7 kilometres long Rebecca deposit, where the mineralised system continues to evolve and grow,” Apollo Consolidated said in its ASX announcement.

“Infill and step-out drilling has located extensions to mineralisation in expected geological positions, while exploration drilling has located important new near-surface mineralisation.

“The major Rebecca mineralised structures remain open to depth and will drive continued RC and diamond exploration drilling into 2021.

“Apollo sees excellent potential to replicate existing mineralisation on continued drilling, particularly at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@apolloconsolidated.com.au

 

Web: www.apolloconsolidated.com.au

 

 

Estrella Resources Recommences Carr Boyd Drilling

THE DRILL SEREGANT: Estrella Resources (ASX: ESR) is back out drilling at the company’s Carr Boyd Rocks (CBLC) nickel-copper project in Western Australia.

Estrella Resources is drilling to test the T5 discovery on the project further at depth and along strike.

The company outlined its timetable to include commencement at diamond core hole CBDD042 located approximately 150m south of discovery hole CBDD030 and 130m underneath CBDD041, which was its final drill hole of 2020 that intersected the interpreted ‘mineralised conduit confirming the T5 discovery over potential strike length of at least 450m.

The company considers the deeper diamond drilling of T5 essential from both a geophysical and geological perspective having a large relative mid-high conductivity EM response plunging away from initial discovery RC and diamond holes.

“Last year’s diamond drilling campaign at Carr Boyd was an outstanding success,” Estrella Resources CEO Chris Daws said in the company’s ASX announcement.

“We have discovered what is now clearly looking very much like a ‘feeder’ to the CBLC and the hunt is now well and truly on in 2021 to uncover the massive nickel and copper sulphide source I have always believed existed at Carr Boyd.

“The strongly mineralised conduit has been intersected in multiple diamond drill holes at T5 and providing our team with a clear geological model.

“With every hole that we drill we are one step closer to delivering a successful outcome for our shareholders and I am certainly looking forward to each and every meter of drill core that is placed on the core-farm racks.”

 

 

 

Email: info@estrellaresources.com.au

 

Web: www.estrellaresources.com.au

 

 

Venture Minerals Confirms Kulin Gold Mineralisation

THE DRILL SEREGANT: Venture Minerals (ASX: VMS) recently completed a trenching program, over some high-order gold in soil anomalies at the company’s 100 per cent-owned Kulin project in Western Australia.

The trenching delivered substantial mineralised intervals of

KUT02
41 metres at 0.8 grams per tonne gold, including 31m at 1g/t gold; and

KUT04
20m at 0.6g/t gold.

The hits were encountered within mostly saprolitic granite.

Venture considers these broad, strongly mineralised gold zones in the trenches, not only confirm the soil anomalies, but also suggest potential exists for intersecting broad zones of gold mineralisation at depth, which a current diamond drilling program (in progress) is designed to test.

Once Venture has completed this initial diamond drilling program at Kulin, the rig will head to its Golden Grove North project, where it will target both extensions to the Orcus sulphide system as well as complete maiden drill holes, testing a number of the other newly identified, strong EM conductors situated along the 5-kilometre-long VMS Target Zone along strike to the Golden Grove zinc-copper-gold mine.

“The company is looking forward to generating drill results from Kulin in the coming weeks following the completion of its maiden diamond drilling program,” Venture Minerals managing director Andrew Radonjic said in the company’s ASX announcement.

“Venture will then immediately follow on with the continuation of drilling at its priority exploration project at Golden Grove North, as it looks to target extensions to the recent drill intersections of up to seven per cent zinc, 1.3 per cent copper and 2.1g/t gold at Orcus and other newly identified, strong EM conductors situated along the VMS Target Zone.

“This new phase of exploration in Western Australia is poised to generate significant news flow for shareholders over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ventureminerals.com.au

 

Web: www.ventureminerals.com.au

 

 

PolarX to Acquire Nevada Gold Project

THE BOURSE WHISPERER: PolarX (ASX: PXX) has picked up an option to acquire a Mining Lease Agreement over the Humboldt Range gold-silver project in Nevada, USA.

The Humbolt Range project comprises 177 lode mining claims, over which the option provides PolarX a 120-day exclusive period to finalise technical and legal due diligence.

Humboldt Range sits between two large-scale active mines: the Florida Canyon gold mine, and the Rochester silver-gold mine and contains geology typical to Nevada being consistent with bonanza-style epithermal gold-silver mineralisation.

High-grade gold and silver assays from previous rock-chip sampling of outcropping veins and grab sampling from the dumps of old mine workings occur in both groups of claims, with peak values up to 3,384 grams per tonne gold, 2,837g/t silver, 22.9 per cent lead and 3.1 per cent zinc.

PolarX paid US$35,000 to secure the option, which it can exercise by paying a further US$175,000 (in stages) and issuing five million shares to the Vendor and paying the Owner a 2.5 per cent NSR upon production with US$10,000 monthly advance royalty payments from September 2022.

Humboldt Range will enable PolarX to leverage its existing management team at its Alaska Range project.

“Surface grades from rock-chip sampling and mine dumps at Humboldt Range are exceptionally high, with multiple samples exceeding 100 grams per tonne gold along with high-grade silver, lead and zinc,” PolarX managing director Frazer Tabeart said in the company’s ASX announcement.

“It’s surrounded by large producing mines which shows the geology is conducive to significant modernscale operations.

“Seasons in Nevada will allow us to work from April to December each year, enabling us to generate strong news flow virtually all year round and leverage our current team, most of whom live in relative proximity and are familiar with the region.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.polarx.com.au

 

 

A Year in The Front Bar

We see a lot in the Front Bar throughout the year. Here’s a taste of what we endured during 2020.

 

10/1/20
Hello, and welcome to 2020. It’s already been a tough start for some and The Roadhouse was most relieved to return from holidays to find the front bar still standing and all our fixtures intact.

Needless to say, our thoughts are with those who have battled and those who continue to battle the bushfires.

There is, as they say, no rest for the wicked and although we don’t know who ‘they’ are, nor do we know anybody wicked enough to deserve such punishment, we do know that we are head down and bum up with our nose to the metaphorical grindstone as we jump into what is shaping up as a busy year ahead.

17/1/20
The Roadhouse received a surprise visit this week just at the most opportune of times.

We were filling in our grant application for new uniforms for The Roadhouse Lawn Bowlers when the bell above the front door tinkled, heralding the arrival of Senator Bridget McKenzie.

It is not lost on us the she now runs the Agriculture portfolio, but we thought her experience in doling out splashes of cash for sporting clubs in dire need of a leg-up to enable them to compete with their more well-heeled rivals would be most advantageous.
As we poured out her order of a dubonnet and coke, we asked for her thoughts on how best we should word our Federal-funded-focused application.

She replied that it really all depends on who our local representative may be.

When we replied that The Roadhouse was staunchly planted in Independent Territory and always would be, she downed her drink, stood up and said…good luck with that.

24/1/20
As the nation prepares to explode thousands of dollars of pyrotechnics to create man-made clouds of smoke to drift across the nature-made clouds of bushfire smoke currently shrouding our sea girt land mass, The Roadhouse feels it important that we should maintain some connection to the day.

There are many re-enactments of the landing of the First Fleet at Sydney Cove way back when, yet none ever stick to historic accuracy.

When he took his party ashore back in 1788, Governor Phillip ordered his men to drop their trousers to demonstrate to the indigenous population that, despite their different skin colour and wardrobe choices, they were, in fact, the same when it all came down to tin tacks.

This was an odd choice for a number of reasons: a) even back then it was generally considered good manners to simply shake hands, and b) acknowledging the presence of said indigenous population surely shattered any fanciful ideas of Terra Nullius.

To truly recreate that moment, and to create an opportunity for the government to reach out to, and salute, the original owners of the land, The Roadhouse suggests that ‘the boy from the Shire’, PM Scott Morrison should march his caucus troops down to Cronulla Beach adorned only in Australian flags draped around their necks – super hero-style.

Thongs can be worn at the individual’s discretion.

This would truly be a wonderful opportunity for our besieged PM and his band of followers to show us, and the rest of the world, what they are really made of.

28/2/20
You would think that nothing much could surprise The Roadhouse these days, but we have to admit to a moment of astonishment with the latest visit by PM Scott Morrison.

Upon hearing the bell ring over the front door, we looked up to see our PM enter the bar adorned with a necklace of garlic and sporting a posy of herbs as a boutonnière.

When questioned about this ornamentation, Morrison explained that he was taking the coronavirus outbreak seriously and was leaving no stone unturned in his pocket to ensure a preventative was established.

While he was speaking, Health Minister Greg Hunt shuffled in asking for some space where he could hang his shingle and set up his blood-letting clinic.

We can all rest easy tonight.

20/3/20
The early bird – as the old adage goes – gets the worm, however these mornings The Roadhouse has noticed that said aviarian gets the toilet paper.

Still – after weeks of people ransacking supermarket racks of bog roll, there is still a community-wide madness on display.

Surely, there must be enough dunny paper squirreled away across the country to shine the bot-bots of the population two, perhaps three times over.

This gives rise to a number of questions: How many bums do these people have? How often do they need to wipe them each day?

Are they as full of excrement as the greater Australian population is considered by some other nationalities?

The PM – and others – have described this behaviour as “un-Australian”.

Obviously, it is not. It seems this is how we are wired to operate and it also seems that this is just the sort of situation that brings out the real Australian way.

Get in, get in quick, load up, stuff anybody else, I’m alright Jack.

27/3/20
The Roadhouse was given a surprise this week when we came downstairs one morning to find PM Scott Morrison sitting at the bar hoeing into a hearty breakfast.

We were surprised on a number of fronts: The Roadhouse has been in lockdown for a week or so; the kitchen has been closed, so who cooked the food; and when did he get his own key?

The PM informed us he wasn’t stopping long, just long enough to polish off his eggs and bacon and then continue on his way home, as he – along with all current sitting members of Parliament – would not be populating the chambers of power until August, at least – on full pay.

Given that our man at the top has said that all essential workers should be going to work, it seems the esteem a substantial section of the community has held our political class in of late has now been validated.

After all, if those who the Australian people have elected to make the hard decisions to keep the nation running in good times, aren’t considered by the man in charge to be essential to, and capable of the same in bad times, then we have a problem.

Morrison mopped up his plate with a slab of bread, stood then said he would be on his way and that he would let himself out.

We asked him to leave the key on the bar, but the request seemed to fall on deaf ears.

3/4/20
Needless to say, it’s been a fairly slow week in The Roadhouse.

Just to remind us of what we have achieved this week, we had a quick flick through the diary.
Monday: Checked the ASX watchlist: posted new stories on the web page: Walked the dog.
Tuesday: Checked the ASX watchlist: posted new stories on the web page: Walked the dog.
Wednesday: Checked the ASX watchlist: posted new stories on the web page: Walked the dog.
Thursday: Checked the ASX watchlist: posted new stories on the web page: Walked the dog.

Let’s hope the weekend holds some variety.

24/4/20

Implementing the correct social distancing requirements, The Roadhouse held its annual ANZAC biscuit bake-off this week.

This year we received a record number of entries, possibly due to the fact a good deal of the community has a healthy amount of spare time on their hands to put towards such activities.

Malcolm Turnbull was perplexed that his entry landed outside the top five, but the judges had to mark him down, saying his biscuits were somewhat more bitter than his efforts of previous years.

Pauline Hansen emerged out of seclusion with a plate of something she described as being the most Australian batch on the table, however it was discovered she had used Maple instead of Golden Syrup and the oats were found to have been procured from “assorted locations”.

The judges narrowed down the candidates to a top three, each of which were then assessed on criteria of regulation, authenticity, and taste.

Third prize went to Josh Frydenberg, always a plodder, but reliable in the trenches; second prize to PM Morrison for a batch complete with a three-word slogan “These Eat Well”.

The top gong, however, controversially went to Western Australia Premier, Mark McGowan who introduced mashed banana to his recipe and plated up what he called BANANZACS.

Rivals complained this flew in the face of the rules that strictly require regulation and authenticity.
Judges said they were just too bloody tasty to ignore, quickly introducing a new category of innovation for next year.

15/5/20
This week saw a round of furious renovations kick off at The Roadhouse to meet new COVID-19 guidelines.

The relaxation of controls demands that venues may host up to 20 patrons at a time, a ruling that has been mooted to increase to 50 should all ducks behave in an orderly manner.

Our conundrum is that we rarely get such numbers in the front bar at any one time, which means we have had to extend the building out into the car park.

This resulted in having to move the ACROD parking space and a redesign of the façade to accommodate moving the front door to remain in regulation distance from said parking space.

We have also had to ship in a number of protective face masks, as twenty people, required to keep at least 1.5 metres apart, will have to speak much louder than usual to be heard over the juke-box, which can only result in volumes of sputum and spittle flying around the bar with reckless abandon.

We will have a bowl of emergency plastic ponchos sitting on the bar for customers who feel extra protection is warranted.

29/5/20
There was an unexpected opportunity for reflection in The Roadhouse this week, during our Tuesday night Classic Cinema Club screening of the Peter Sellers film, The Party.

In the opening scenes Sellers’ character attempts to tie up his shoe by resting his foot on the T-bar of an explosives plunger, resulting in the destruction of an expensive film set – thus ruining the only opportunity the film’s director has of the take.

Above the laughter of the socially-distance audience one punter yelled, ‘he must work for Rio Tinto!’.

The laughter abruptly stopped and those in the room were silent, eyeing each other, waiting for somebody to laugh at the interjection, giving all others permission to follow suit.

Permission was not forthcoming, however, as the crowd was made up of mining industry flunkies including lobby groups, contractors, journalists and investor relations companies – all who rely on the work provided by the large earth mover.

The Sellers film was made in the 1960s, at time when cultural appropriation was at its height and the disregard for cultural sensitivities an accepted part of the zeitgeist.

Living now, as we do, in a new age, in a new century, it is expected that such ignorance has had its day, unfortunately the destruction of a sacred indigenous rock shelter site by Rio Tinto proves that big mining does not heed such societal norms.

No doubt they will atone for their act of vandalism by purchasing a few dot paintings for their offices, or sponsor some highbrow arts festival or company so their executives can gather in black tie and splendid frocks to drink champagne and enjoy sophisticated social intercourse.

Perhaps to really make up for this horrible ‘mistake’ the company could forward all royalties from the iron ore mined from the area it has blown to buggery back to the community it has so terribly insulted.

Perhaps…

31/7/20
The Roadhouse rarely gives oxygen to conspiracy theories, unless of course we start them.

So, it was with much interest we observed a meeting in the front bar this week consisting Queensland’s portliest business tycoon, the nation’s hard-working King without a Parliament, and the Liberal Party’s notorious WA-based Belgian grenade thrower.

To maintain their anonymity, we will respectively call these three, Double-Double; Toil; and Trouble: who we found sitting at our largest booth, surrounding a bubbling cauldron of cheese fondue.

The main discussion centred around the most popular of Labor state-based leaders – he with the Scottish name of McGowan.

McGowan, it seems, is too popular for the stomachs of conservative politics and needs to be reined in, especially with a state election looming that could see him extend his party’s dominance, so the election destroying talents of Double-Double are urgently required out west.

Suddenly the bell above the front door tinkled and in walked the Thane of Rockingham himself.
Before they could be seen the Troublesome Triumvirate cloaked the booth with a tablecloth of invisibility.

As useful as these are, they don’t provide coverage for olfactory misdemeanours, and soon the front bar was filled with the aroma of a freshly-fondued wedge of blue cheese, combined with a fresh bottom burp from Double-Double.

McGowan stood still, sniffed the air and asked if Clive Palmer had recently visited as he thought he could recognise his cologne.

7/8/20
We had to close The Roadhouse gymnasium this week due to some serious damage received to some of our equipment.

In particular, the exercise bikes used in our Spin Classes that were ridden during the week by PM Scott Morrison, and his WA cohort, Mathias Cormann and Christian Porter.

The bikes in question were being regularly used by the three men as they trained as part of Clive Palmer’s Tour de WA charity fund-raising cycling team.

Unfortunately, these cycles are made for going in one direction and were not able to take the strain of the back-peddling session Morrison demanded of his team mates during the week.

We are waiting to hear what compensation may be on offer.

28/8/20
What if they re-opened parliament, and nobody noticed?
Just sayin’!

4/9/20
The Roadhouse was reminded of an old adage this week, being – you can’t keep a good former Prime minister down. Nor, so it seems, can you keep the average to ordinary ones down.

The recent response of Tony Abbott to UK PM Boris Johnson’s SEEK ad for a new Trade Adviser certainly got the interweb rattling.

But we should spare a thought for the man who wears his labels of misogynistic, homophobic, and climate change denier with pride.

Why shouldn’t he be able to return to the land of his birth to work up a healthy pension, especially given that through the nasty interference of his long-time nemesis, Malcolm Turnbull, Abbott was shunted from the main gig in Australia just days short of qualifying for his former PM pension and associated privileges.

It also gives light to the famed, and much abused, section 44 of our constitution that insists parliamentary participants denounce any previous birthdom for the good of the land of girt and no others.

Perhaps section 44 should also demand said pollies maintain the rage as long as they remain on our pension payroll.

2/10/20
As we watched the train wreck that was the US Presidential debate earlier this week, we couldn’t help but ruminate over how lucky we are to live where we do under the political regimes we endure.

Discussion arose amongst the 1.5 metre-separated locals that dotted the length of the bar regarding the childish nature of the debate as it continued on the big screen.

We reached a group consensus that neither name calling, cheap political point scoring, nor throwing adversaries– or allies for that matter – under passing forms of transport for your own gain would ever constitute the Australian way of conducting government.

It just wouldn’t pass the pub test.

As a final fist-thumping of the bar closed down the analysis, the bell over the front door tinkled, and in strolled our fearless PM and his retinue of state premiers.

A fresh discussion quickly ensued.

23/10/20
The Roadhouse experienced a moment of clarity when watching the nightly news on the big screen in the front bar overnight.

The flash appeared when watching the story about how four Australia Post senior operatives were awarded a Cartier watch each for work accomplished in 2018.

We managed to amuse ourselves – and others within earshot – by remarking that if they had been bestowed said watches by Australia Post back in 2018 the probability was high that those packages are still on route and yet to be delivered.

That’s when the ‘moment of clarity’ hit.

Although our humorous response was instant – and well received by the locals – there would be a very strong chance that by the time this hits the letterbox of our readership the same jest would no doubt have been spruiked by quick-witted breakfast radio hosts around the country.

That is; yes, it’s a most obvious jape, but we wanted The Roadhouse’s loyal clientele to know we are still on the ball.

However, I bet nobody has pointed out the resemblance of Australia Post chief, Christine Holgate to embittered former federal government minister Bridget McKenzie of sports rorts fame.

Funny how our brave and bold PM is eager to publicly lynch one and not the other.

30/10/20
We’ve been in a state of confusion this week at The Roadhouse trying to coordinate a raft of celebrations that have all booked in at once while we try to maintain social distancing.

Without sounding too xenophobic, it is getting harder and harder to celebrate in traditionally Australian ways when the land of the free is constantly stealing all the oxygen.

This weekend should be straight forward. Put up some bunting, fire up the barbie, rinse the carrot stains from last year’s fascinator and get ready to watch the race that stops the nation.

Nothing says Oi, Oi, Oi, quite like watching an assemblage of thoroughbred equines trooping around Flemington on a sunny Melbourne afternoon, even though at least one will fail to complete the circuit and its eventual demise not shielded anywhere near well enough to protect impressionable kiddies watching both live and with televisual aid.

But no, our work load has doubled this weekend as neighbours insist we festoon our front door with all things ghost-like to help those soon-to-be traumatised kiddies celebrate Halloween.

The scariest thing we could find around the place was Grandpa’s old big white Reg Grundies, which we have filled with miniature polly waffles.

What about the big orange pumpkin? I hear you ask.

Well, he’s running for president.

27/11/20
The bell above the front door of The Roadhouse tinkled yesterday, and in walked an exhausted former finance minister Mathias Cormann.

Having recently quit his Canberra-based representing the people gig, Matthius has been on the road submitting his application for secretary general of the Paris-based Organisation for Economic Co-operation and Development.

Fortunately for Mat, he has friends in high places, so has been able to visit all the necessary folk dotted around the cities of Europe and personally drop off his resume.

A RAAF plane, no less, with an operating cost of over $4k an hour has ensured Cormann avoids the chance of contracting any commercial flight strain of COVID as he delivers his environmental credentials with no pang of guilt or irony.

Maybe the government is thinking of providing those on JobSeeker with Cab Charge vouchers allowing them to avoid catching trains and buses when attending job interviews.

4/12/20
The Roadhouse enjoyed a visit from one of its dedicated regulars during the week, who has been experiencing an extended stay in the local hospital.

Always one for imparting interesting titbits of information, our man sat at the bar and provided a startling exchange he had with one of the dedicated front-line nurses that was tending to him.

The subject of hospital parking came up and our protagonist’s modern-day Florence Nightingale related that even as an employee of the hospital, and as pollies of all persuasions tell us, one of the most important workers the country has during this time of pandemic, she must pay for the privilege of parking her car when she comes to work.

The figure she reported spending on an annual basis is $11500. Let’s write that in words to double the effect. Eleven thousand five hundred dollars per annum.

That is a huge chunk of anybody’s yearly wage, particularly the wage of one of our most important workers (see above).

Now, we don’t pretend to know everything here at The Roadhouse – we really don’t – however, if this is the case for nurses Australia wide, then we have a problem.

If nurses really are the front-line workers that we all owe so much too for the work they have done throughout this year of COVID-19, then all pollies, Federal, State, Local Government – whatever, have to find some way to remedy this situation to reward those who are doing so much for so many and asking so little in return.

It all happens at The Roadhouse…

 

Wishing all our loyal regulars a very merry Christmas and Happy New Year – after all we all deserve one.

Old Czech Tin Mine Helping Aussie Developer Become EU Player

THE CONFERNCE CALLER: With the European Union now securing an electric vehicle (EV) future, one ASX-listed junior has found itself in the driver’s seat as it accelerates the development of the Continent’s largest hard rock lithium resource. By Mark Fraser

Over the next 12 months European Metals Holdings (ASX: EMH) plans to complete a definitive feasibility due diligence and front-end engineering design for its underground Cinovec project in the Czech Republic, with the ultimate goal of supplying a minimum of 25,267 tonnes of lithium hydroxide per annum, or 22,500 tonnes per annum of lithium carbonate, to the EU EV battery market for at least 21 years.

The company is also looking to boost Cinovec’s resource model by injecting more probable ore reserves into the proven category, progressing the environmental impact assessments for mining and processing, completing locked-cycle test work and flowsheet optimisation as well as conducting additional discussions with potential strategic partners.

As it stands, the project – which sits around 100 kilometres north west of Prague near the Czech Republic/German border – is the largest hard rock lithium resource in Europe and the biggest non-brine resource in the world.

So far European Metals has established a JORC-compliant resource of 4.08 million tonnes (indicated) and 3.15 million tonnes (inferred) of ore grading 0.42 per cent lithium oxide for a lithium carbonate equivalent of 7.22 million tonnes.

Originally a tin mine, the revamped 1.68 million tonnes per annum Cinovec operation will involve underground crushing and surface milling/beneficiation before the wet magnetic separation of lithium concentrate.

The production of lithium hydroxide or carbonate is set to come via a gypsum and sodium sulphate roast, water leaching, purification and product precipitation/crystallisation.

Tin and tungsten by-products are also expected from gravity separation, while the lithium plant should produce some potash and sodium sulphate.

In addition, there is potential for the recovery of a pure silica product suitable for use in glass and ceramics. Overall, the company will be using low risk and conventional technologies in its downstream processing circuit.

During Vertical Events’ recent New World Metals in Western Australia, European Metals executive chairman Keith Coughlan said Cinovec’s construction capital cost was currently US$486 million, while the lithium hydroxide operating costs were US$3,435/t and US$4,876/t with and without credits respectively.

After-tax economics totalled US$1.08 billion (using a net present value discount of 8%), with the project’s internal rate of return running at 28.8 per cent.

These numbers, Coughlan said, suggested the project “could well be the lowest cost (lithium) hard rock producer in the world.”

Ultimately, this is good news for a junior like European Metals, which is establishing itself in a market where the majors have traditionally monopolised the critical mineral’s supply chain.

“More recently there has been an emphasis on developing the local resources that are there in Europe that have been sitting idle for some time,” Coughlan noted.

“Europe has been largely anti-mining for some considerable time now.

“It has taken them a while, but they have woken up to the fact that they do need to develop their local resources – certainly if they are going to hit anywhere near the (EV) targets that have been stated.

“Importantly, within 500 miles of our project, there are currently six million vehicles made a year, and every year more and more of those vehicles are being made electric.”

Cinovec has already attracted the interest of some significant investor partners, including the Czech national power company CEZ Group, which has injected £29 million into the project to help carry it through to a construction decision.

Principal facilitator and organiser of the European Battery Alliance – EIT InnoEnergy – has also thrown its support behind the venture as it assists in sourcing construction finance, securing grant funding as well as facilitating off-take introductions and negotiations.

 

 

Adjustments Expected, But Rules to Stay the Same

THE CONFERENCE CALLER: The face of the global minerals sector may well be changing as it adjusts to the growing demands of the burgeoning de-carbonated market, but some of the industry’s key investment fundamentals will no doubt remain in place moving forward. By Mark Fraser

If Vertical Events’ 2020 New World Metals (NWM) Conference showed punters anything, it’s that while the next generation of miners are expecting to act a little differently than their older peers when it comes to achieving acceptable environmental outcomes, they will nevertheless continue playing by some of the traditional rules if they want to launch new mineral projects.

Factors such as location, geology and global demand will still have a role to play when it comes to raising finance for exploration and mining ventures, even as so-called modern issues pertaining to sustainability and long-term supply dynamics suck up more air time.

This all became apparent during some of the forum’s nickel presentations as they separately ventured into both old fashioned and new frontier corporate territories.

In the case of Western Australian explorer Estrella Resources (ASX: ESR) – which is hoping to break into the battery and electric vehicle (EV) markets via its wholly-owned Carr Boyd nickel-copper sulphide project located some 80 kilometres north-north east of regional mining hub Kalgoorlie-Boulder in WA – its current approach to life couldn’t be more conventional.

Unlike many of the other juniors presenting at the Perth show, Estrella didn’t mention much about potential off-take partners or highlight the technologies it might look to when processing the ore it eventually expects to dig up.

Rather, its initial agenda is quite straight-forward – to “unlock nickel sulphide potential and build shareholder value” in a Tier-1 mining jurisdiction.

Comprising three mining and six exploration licences (as well as a “miscellaneous” one), Carr Boyd covers 259 square kilometres of continuous tenure on its namesake layered complex – a 75sqkm mafic igneous structure hosting several nickel and copper sulphide occurrences, with the most important being the Carr Boyd Rocks mine, which in its day (1973-1977 under the stewardship of WMC) yielded 202,100 tonnes of ore grading 1.43 per cent nickel and 0.46 per cent copper to produce a 9.7 per cent nickel concentrate.

At the moment Estrella’s money is on the T5 target.

Discovered last year, it was exposed after it and its surrounding area was subjected to some high powered moving-loop transient electromagnetic surveying and extensive geochemical auger drilling.

During 2020 diamond drilling down to 251 metres at T5 hit mineralisation at 165.2m, with interesting intercepts thus far including 3.8m at 0.48 per cent nickel and 0.31 per cent copper (with 0.4m at 1.12% nickel and 1.07% copper from 165.2m) as well as 0.4m at 0.33 per cent nickel and 0.28 per cent copper from 173.6m.

Not surprisingly, Estrella is now upping its field ante, with stage two drilling comprising 8 to 10 RC and diamond holes totalling 5000m over 40 by 40m spacings.

“We’ve currently got two rigs on site, increasing the camp, increasing the personnel, increasing the management teams, and that’s where we are today,” managing director Chris Daws told NWM delegates.

“And in the new year it will be rather interesting for us – we are well funded, and we’re highly leveraged, and we are going for a bit of success.”

Meanwhile, looming producer Blackstone Minerals (ASX: BSX) is also relying on some old school fundamentals as it advances its ultra-green and clean Ta Khoa nickel-platinum group element-cobalt project in Vietnam.

Like Estrella, Blackstone is essentially targeting the lithium-ion battery market.

Unlike the WA explorer, though, Blackstone is well advanced in its endeavours – so much so that South Korea’s largest cathode manufacturer, Ecopro, now has a significant stake (over 50%) in the company.

Although all of the basic building blocks of this (approximate) $1 billion new generation operation are stacking up – and it now has the production of a green critical mineral product (nickel sulphate) within its sights – Ta Khoa is still something of a traditional nickel play.

For a start it is essentially a brownfields project, with the existing mine having been originally tackled 2013-16, and the previous owners leaving behind some much-needed operational infrastructure.

Second, Ta Khoa’s mineralisation consists of nickel sulphides – it’s not lateritic like many other South East Asian deposits – meaning processing of the ore shouldn’t be too problematic or complicated.

Nor should adding to the project’s reserves, according to Blackstone boss Scott Williamson, who said the company currently had 25 massive outcropping sulphide targets that were undrilled at surface.

“This is like going into Kambalda 50 years ago, and we are just shooting fish in a barrel,” he mused.

“It’s systematic exploration – we have our own electromagnetics and geophysics crews, and we have nine drill rigs operating through this belt.”

Although this may have a blast-from-the-past ring about it, Blackstone is expecting to get with the times and confirm its green credentials by hooking Ta Khoa up with South East Asia’s largest hydroelectric power plant, a renewable resource which is “right on our doorstep.”

“This is why we believe we’ve got this ability to produce a green nickel product,” Williamson noted.

“When you are producing your metals for lithium-ion batteries, it’s important to understand how much carbon is being burnt and whether there is renewable power in that process of producing those metals.

“We’ve got this opportunity.”

One outfit which is looking to produce critical green metals sourcing nickel lateritic ore, though, is the dual-listed Clean TeQ (ASX: CLQ, TSX: QTCQX and CTEQF), which is developing the Sunrise battery minerals project in mining-friendly central New South Wales – again to service the global automobile sector.

Like Williamson, Clean Teq chief executive Sam Riggall (with the help of a video presentation) was keen to look at basic project fundamentals and potential markets.

His comments about the future of the AV industry, however, suggested that the new crop of ASX listed mining developers will need to take a more holistic view of supply chain dynamics when it came to managing risk – even if it involves becoming familiar with the machinations of another sector.

“If there is one message I would like to leave you with today, it’s that the cost of integration is actually very high if car makers don’t get this right,” Riggall said.

“In other words, we believe that in the next few years it’s highly likely we’ll see one or two global car makers make a decision about investment in raw materials.

“There is absolutely no way, even if you can secure the metals you need, that you can insulate yourself from … pricing and costs risks unless you have some form of ownership of the raw materials.

“This is obviously not a message that car makers like to hear, but it is the reality.”

 

Azure Minerals Continues to Pump Andover

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) reported on high-grade zones of nickel and copper sulphide mineralisation from drill hole ANDD0004 at the company’s Andover nickel-copper project in Western Australia.

Azure Minerals encountered a broad envelope of nickel-copper sulphide mineralisation from ANDD0004 in November, which returned an overall intersection of 41.9 metres at 1.1 per cent nickel and 0.57 per cent copper.

Assay results for mineralised intersections returned from ANDD004, included a substantial interval of massive and semi-massive sulphides returning:

16.2 metres at 2.08 per cent nickel and 0.75 per cent copper from 347.5m, including 8.5m at 2.77 per cent nickel and 1.04 per cent copper from 354.8m, including 4.1m at 3.52 per cent nickel and 0.36 per cent copper from 354.8m.

This nickel-copper sulphide intersection coincides with the VC-07 conductor, which Azure has interpreted to indicate the 1,050m-long and +200m-deep body may represent a substantial nickel-copper deposit.

“We continue to be very encouraged by the outstanding results that our Andover drilling program is delivering, and we’re excited by the potential that this project continues to demonstrate with each drill hole,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“Modelling of the VC-07 EM conductor plate has, to date, proven to be very accurate, and importantly, wherever drilling has tested this conductor, significant nickel-copper sulphide mineralisation has been intersected.

“The high-grade nickel and copper assays from the massive sulphides intersected in ANDD0004 and the coincident strong in-hole EM conductor support VC07 as the geophysical signature of a fertile and potentially extensive nickel and copper-rich mineralised system.

“The deepest hole, ANDD0006, intersected the widest mineralised zone yet drilled, with an intersection width in excess of 53 metres, indicating that the mineralised zone is still open in the downdip direction and potentially broadening with increasing depth.

“Our latest drill hole ANDD0007 is targeting the conductor plate with a 100 metres step-out to the west and additional drilling will continue to test the along-strike extensions of VC-07 in that direction.

“If VC-07 continues to deliver similar mineralised intersections along its more than one kilometre length, there is the potential here to define a substantial nickel-copper sulphide deposit.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

Web: www.azureminerals.com.au

 

WA Critical Metals to Become the Pearl in the Global New World Oyster

THE CONFERENCE CALLER: Senator Linda Reynolds, the Federal Minister for Defence, kicked off her video presentation to the New World Metals Conference in Perth by addressing the elephant seated in the back row.

COVID-19 she said, had been a challenge to the entire nation, both on an individual and an ‘all in this together’ basis taking a toll on our economy and economies across the globe.

But, just as Western Australia Premier Mark McGowan has been able to do, Reynolds also honed in on the strong performance of the WA resources sector and the role it has played in keeping the country afloat in recent times.

“The WA resources sector has assisted in mitigating the economic impacts here in Australia and it will be an integral part of our national recovery over the coming years,” Reynolds said.

“The mining sector has led the way on adapting to meeting the challenges posed by COVID-19.

“The industry’s efforts to test, quarantine, and protect their workforce has been commendable, and to date it has been very successful.

“So, congratulations to you all.”

Reynolds was eager to lay out her credentials as a card-carrying “long-term advocate” for the Critical Minerals and Rare Earths industry.

The minister explained how a couple of years ago she had travelled to South Africa to attend the Indaba mining conference where she had a revelation regarding the need to, “kick start a lithium industry” in Australia.

“And we need to do that right here in Western Australia,” she stressed.

“Batteries are required in everything we use today, and there is certainly no sight of that demand slowing down.

“And as we all know; it is not just lithium.

“Electric vehicle and battery manufacturers are also securing sources of minerals, materials, and components to meet this demand.

“From mining to refining, to production and assembly, Australia must now maximise our opportunities in this rapidly developing industry.

“I believe in the potential of this sector, and I also recognise its strategic value to our nation.”

Senator Reynolds recalled how in 2018 she led a delegation to Canberra to raise awareness of the critical minerals industry, accompanied by other parliamentarians and diplomats.

Even back then the ideas of how important it is to develop secure global supply chains, “free from monopolisation and a range of market risks”.

“Globally, the supply chain challenges of COVID-19 have brought this issue into further sharp relief,” Reynolds continued.

Senator Reynolds pointed out that her role as Minister for Defence held a strong correlation to her being a senator for Western Australia.

The nexus she proposed being the critical metals that are becoming increasingly important to WA and are used in Defence technology.

She presented what she described as one of her, “fun facts”, being that, “Each F35 – the joint strike fighter – includes 417 kilograms of rare earths”.

“From that fact alone, it is clear that securing supplies of these critical technological components is a national security issue,” she said.

The minister spoke to the Federal Government’s recent efforts of championing the critical minerals sector.

She highlighted its inclusion in this year’s budget, garnering support for a new critical minerals processing capability in Australia.

“This is part of the $1.5 billion modern manufacturing strategy,” Reynolds declared.

“This strategy recognises identifies critical minerals processing as a national manufacturing priority, and this funding will build on Australia’s natural competitive advantage in this space.

“Additionally, in response to industry feedback, the government has announced significant reforms to the Northern Australia Infrastructure Facility, something that I know will be most welcome to many of you today.

“The fund has been extended by five years to 2026.

“Steps are also being taken to turbo-charge the investment program, making it easier for projects to receive funding.

“The Federal Government is taking these steps to support the industry’s development and to make it absolutely clear to overseas investors that these projects are strategically important to the Australian government, that they are viable, that they are worthy of investment, that the Morrison government means business.”

The minister highlighted the need for the industry to create supply chains that are ethical and sustainable, indicating that Australia now has an opportunity to demonstrate to the world our credentials as an extractives partner of choice.

She signalled the development of a National Ethical Certification Scheme by the Critical Minerals Facilitation Office was underway, which will help to progress this.

“We all know that this industry presents a great opportunity for Australian industry, and particularly so for Western Australia,” Senator Reynolds said in conclusion.

“It’s now time for you to do what you do best, and to work together to grow this industry.

“I can assure you I will continue to champion the credentials of this industry, domestically and globally.

“But we all have to work together to achieve this common outcome.”