True North Copper Updates Mt Oxide Vero Copper Silver Resource

THE DRILL SERGEANT: True North Copper (ASX: TNC) has reported an update to the copper silver Mineral Resource at the 100 per cent-owned Vero deposit, part of the company’s Mt Oxide project in Queensland.

True North updated the JORC 2012-compliant copper-silver Mineral Resource Estimate (MRE) for the Vero deposit to be:

15.03 million tonnes at 1.46 per cent copper and 10.59 grams per tonne silver for a contained 220,000 tonnes copper and 5.13 million ounces of silver (Indicated and Inferred).

The company noted Vero’s updated Resource delivered a 20 per ent increase in silver ounces, demonstrating the potential for Vero to deliver a substantive sliver co-product in addition to copper.

“We are pleased to deliver an update to Vero’s contained resources, particularly an increase in silver, a metal which is currently seeing a supply-demand imbalance though demand in solar and other technology applications,” True North Copper CEO and MD Bevan Jones said in the company’s ASX announcement.

“This updated Resource also provides greater confidence in the deposit, following TNC’s first program of confirmatory drilling and a substantially updated geological model, which incorporates historic resource depletion by previous mining.

“We see exploration upside within reach of shallow drilling at Ivena, north of the Resource, and along a 10km section of the Dorman fault where we are actively exploring for satellite zones of mineralisation with the MIMDAS crew onsite completing the line at Camp Gossans.

“The survey team are now moving to the north to acquire the line over the Vero deposits with the aim to identify drill targets at depth below the current resource.

“We look forward to providing an update on our progress on these Mt Oxide exploration activities over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

TG Metals Encounters High-Grade Lithium at Jaegermeister

THE DRILL SERGEANT: TG Metals (ASX:TG6) has again hit high-grades of lithium at the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

TG Metals’ latest lithium encounter is at the Jaegermeister prospect that sits near the company’s initial Burmeister discovery.

The company recently concluded a 19 hole Reverse Circulation (RC) drilling program at Jaegermeister, from which most assays have been received confirming multiple intersections of spodumene bearing pegmatites with high lithium oxide (Li2O) grades and widths up to 10 metres.

Highlighted results include:

10 metres at 1.19 per cent Li2O from 73m, including 2m at 2.07 per cent Li2O from 77m;

6m at 1.38 per cent Li2O from 76m, including 2m at 2 per cent Li2O from 76m; and

3m at 1.22 per cent Li2O from 49m and 3m at 1.24 per cent Li2O from 63m, including 1m at 2.68 per cent Li2O from 50m.

TG Metals believes Jaegermeister has the potential to be of similar size and scale to Burmeister.

The company compared the discovery drilling at Burmeister in 2023 that initially intersected up to 9m pegmatite widths to the first drilling at Jaegermeister producing 10m widths and +2% Li2O assay intervals declaring this to be an encouraging indication of a strong lithium pegmatite system.

“These are outstanding results for the initial drilling on Jaegermeister,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“It provides confidence that we have at least two areas of high-grade lithium mineralisation at Lake Johnston and further enhances the potential for a standalone spodumene lithium project for TG Metals.

“Multiple lithium pegmatites have been defined at Jaegermeister, at relatively shallow depths displaying size characteristics very similar to the nearby large Burmeister deposit.

“These pegmatites appear to be thickening towards the west, an area that will be a priority target for the next round of drilling at Lake Johnston.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Diggers and Dealers Gala Gongs

THE CONFERENCE CALLER: The highlight of the annual Diggers and Dealers Mining Forum is the announcement of the award winners at the gala dinner.

Once again, a line-up of worthy winners hit the podium to accept their gongs.

 

Digger Award: Emerald Resources NL

The Digger of the Year Award recognises a company that has achieved exceptional results from its operations over the past 12 months.

The winner of the 2024 Digger of the Year Award is Emerald Resources.

Emerald Resources successfully built the Okvau gold mine in Cambodia on time and within budget, despite Covid restrictions.

In 2023/24, the company achieved a record full year production of 114,000 ounces from the project. The output yielded pre-tax cashflow of $220 million, while the share price increased by approximately 60 per cent over this period.

 

Dealer Award: Azure Minerals Limited

The Dealer of the Year Award recognises a corporate strategy which has added substantial value for shareholders.

The 2024 Dealer of the Year Award winner was Azure Minerals, which in May this year accepted a $1.7 billion takeover offer for the company, prior to declaring a mineral resource estimate for the Andover lithium project in the West Pilbara region of WA.

 

Emerging Company Award: WA1 Resources Limited

The Diggers and Dealers Emerging Company Award recognises the venture the forum considers to have potential to develop into a substantial project.

The 2024 Emerging Company Award went to WA1 Resources.

WA1 Resources listed on the ASX in 2022 from where it went on to make discoveries of high-grade niobium mineralisation at the West Arunta project in WA.

The Luni deposit, with a resource estimate of 200 million tonnes of 1 per cent niobium pentoxide has the potential to grow into being a globally important niobium resource.

 

Media Award: Rachel Pupazzoni

The Diggers and Dealers Media Award recognises one outstanding journalist who reports on the resources sector.

This year the 2024 Media Award was presented to ABC journalist Rachel Pupazzoni.

Rachel is a Senior National Business Reporter and Presenter with the ABC where she began working in 2006.

Rachel has worked as a reporter and presenter across the ABC’s many news platforms and programs in Melbourne, Sydney, Brisbane and Perth, as well as in regional WA.

Rachel is also the host of the weekly TV program, Close of Business.

 

 

Dutton Charm Misfires at Diggers and Dealers

THE CONFERENCE CALLER: The media room at Diggers and Dealers crackled with anticipation on the opening morning as word filtered out the Federal Opposition Leader Peter Dutton would be dropping in for a look.

Gathered media were informed that, yes, Mr Dutton would be doing a press conference, the time for said meeting being negotiated.

Dutton was relegated to second in the important media meet and greet stakes with conference keynote speaker, former Federal Opposition Leader Kim Beazley joining the fourth estate in the designated media room.

It is always a difficult dance for the Resources media when a VIP shows up. On one hand said VIP needs to be feted by the media, feeling that being the VIP they should be of interest when, really, they need to be interviewed by the pack to provide relevance to their attendance.

Diggers and Dealers has always promoted itself as a politics-free zone, but every now and then somebody sneaks in to divert attention from the main game.

The conference media, especially at this event, are primarily there to record the industry goings on and interviewing company speakers as they come off stage is an important aspect to the occasion.

Imagine, however, the reception a journo would receive from their editor on getting back to the office after the conference saying they’d missed a doorstop with the Opposition Leader because of an arranged meeting with Northern Star Resources.

Negotiations continued with Dutton’s minders, who for some reason known only to them, weren’t prepared to meet journos on their home ground i.e. the media room, which would mean journalists could continue their conference coverage whilst waiting for him to appear.

Instead, it was deemed the doorstop, and its main drawcard, were too important for that venue, although it was good enough for Mr Beazley who was currently responding to questions.

So, where were we to meet Mr Dutton? One location suggested by his team was in front of a large underground mining vehicle parked up in front of the conference entrance.

Apparently, even though the big truck would have reflected Dutton’s machismo, he thought it was too cold outside.

The media room was still available, and those there waiting had nowhere else to be.

At last, a venue and time were decided upon. A small two square metre class cube that serves as entry to the Goldfields Arts Centre where the conference is held.

The compliant media scrum gathered cheek by jowl waiting for the main act to arrive, who in true prima donna fashion kept us waiting beyond the agreed time.

In its weekend edition leading up to the conference, The West Australian had dedicated several dead trees to Mr Dutton’s Western Australia charm offensive, reporting how the Opposition Leader was visiting to show off his soft underbelly to Sandgropers.

He was photographed in these pages smiling at those he encountered, assuaging any doubts we who live beyond the rabbit proof fence may have about him.

Unfortunately, that charm and ability to smile had evaporated by the time he faced the Diggers media with him not once during the doorstop expressing a smirk let alone a smile.

If he had been able to sit in on Mr Beazeley’s presser, he could have witnessed firsthand how far a friendly ebullient manner goes.

Whatever question was asked of Mr Dutton his response managed to allocate blame on the PM Mr Albanese for the negative aspect of the subjects raised.

No problem with that, after all that is part of his job description. Just as well nobody asked what he had for breakfast as no doubt Albo would have copped a spray about stodgy hollandaise and hard poached eggs benedict.

The entire experience left this scribe a touch perplexed. On one hand Mr Dutton is wanting to let us all know that he has an aspect of niceness about him while on the other he treats a troupe of media folk who are simply trying to do a job – and in essence him a favour by reporting on what he may have to say – with disdain, dislike, and disrespect.

This all leaves people not knowing the real him, and one thing we do know is that his past campaigning efforts speak volumes about how he feels the electorate should vote when they don’t know.

St George Mining Enters Brazil Niobium Space

THE CONFERENCE CALLER: St George Mining (ASX: SGQ) provided Diggers and Dealers delegates a good reason to get out of bed on Day Two of the conference with news of a Brazilian niobium asset acquisition.

St George Mining has entered a binding conditional agreement to acquire all the issued capital of Itafos Araxá Mineracao E Fertilizantes S.A, which owns 100 per cent of the advanced niobium-REE Araxá project in Minas Gerais, Brazil.

The Araxá project is in a good address, described by St George as the world’s ‘dress circle’ for niobium production that it considers providing the company with a great opportunity to become a global player in the niobium market.

In addition to niobium, high-grade rare earths mineralisation has been confirmed by drilling over a widespread area.

ST George Mining managing director and old friend of The Roadhouse John Prineas broke free of the crowd mulling around the company’s Diggers and Dealers booth to speak with us.

Resources Roadhouse: Why Niobium?

John Prineas: Niobium is a very stable market. There are only three primary producers in the world and the price of niobium has barely changed over the past four years

RR: Does being in Brazil provide better access to more markets?

JP: The beauty of Brazil is that it is the number one producer of niobium.

We are now in the same carbonatite geology as CBMM that produces approximately 80 per cent of the world’s niobium.

So, what it means is that we have the right geology and all the right infrastructure is already there

RR: How advanced is the project?

JP: The other strength of the project is its advanced nature. There are more than 500 intercepts of plus-one per cent niobium. That’s mineable grade.

Our job now is to go and drill it all out. Only ten per cent of the tenements has has been drilled out. We think there is an economic Resource there already that we can multiply with more drilling.

RR: What does this mean for the rest of the company’s portfolio?

JP: We’ll continue with our Western Australia assets. We remain very loyal to WA, but they are still early-stage projects.

Brazil offers a very clear pathway to monetise that asset with further drilling and development studies.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Platina Resources Identifies Multiple Gold Targets

THE DRILL SERGEANT: Platina Resources (ASX: PGM) has confirmed new gold targets at the company’s Beete gold project near Norseman in Western Australia.

Platina Resources conducted an aircore drilling program over 202 holes, which it said has confirmed the presence of a greenstone belt across the tenure, which was previously interpreted to be the Albany Frazer Orogeny.

The company flagged further investigation to be carried out along this belt, which it believes could host high-grade gold deposits like the Norseman mineralisation trend to the north.

Along with the greenstone identification and NE-SW potential 4km Beete Mine Trend, the drilling also indicated the presence of a major 16km long N-S shear zone.

This shear zone starts from the north of the tenure and traverses through the historical Beete Mine.

“The maiden wide-spaced scoping drill program achieved its objective to identify and focus on specific target areas,” Platina Resources managing director Corey Nolan said in the company’s ASX announcement.

“The drilling achieved an average depth of only 30 metres, hence infill drilling is required to achieve better resolution of these anomalous zones.

“The drilling was spaced 320m between holes and 640m between lines, this spacing in the anomalous zones can fit a Scotia mine.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

ABx Group Records Thick Dysprosium and Terbium REE Results at Deep Leads

THE DRILL SERGEANT: ABx Group (ASX: ABX) has taken receipt of assays from 37 holes carried out at the company’s Deep Leads rare earth elements (REE) project near Launceston, Tasmania.

ABx Group explained this was the first drilling campaign into the untested NW Block of the project, producing several intercepts that were considerably thicker than usual and extend the company’s REE mineralisation across the plateau.

ABx’s stated REE strategy is to produce a mixed rare earth carbonate (MREC) that is enriched in dysprosium (Dy) and terbium (Tb), the two heavy rare earths with the highest global supply risk.

The Dy+Tb exceeds 4.3 per cent of Deep Leads’ total rare earth oxides (TREO), which is the highest proportion of Dy and Tb of any clay-hosted rare earth resource in Australia and high by world standards.

Thick zones of high-grade ionic adsorption clay rare earths with such a high proportion of Dy+Tb are extremely rare.

“Drill results in the NW Block expand the resource outline for the Deep Leads high-grade rare earth zone and also enhance the areal extent from hole DL520,” ABx Group managing director and CEO Mark Cooksey said in the company’s ASX announcement.

Hole DL520 is the nearest hole in NW Block to these new holes that has been tested for extraction during desorption tests.

“DL520 is one of the nearest existing drill holes and is also where rare earth extractions of over 50 per cent were measured using low-acid (pH 4) conditions – confirmed in desorption tests by the Australian Nuclear Science and Technology Organisation (ANSTO) and in-house tests,” Cookesy said.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Mt Malcolm Mines Achieves High-Grade Gold Recovery From Golden Crown

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) followed up its appearance at The Roadhouse Steak Sandwich Showdown in Kalgoorlie with an announcement of excellent gold recovery results.

Mt Malcolm Mines achieved the results via gravity separation of tailings samples taken from the company’s Golden Crown deposit outside Kalgoorlie in Western Australia.

The company said the results indicate high achievable recovery while contributing to the total recovery from the gold mineralisation at Golden Crown.

The recent processing study at Golden Crown yielded promising results on the back of high-grade intercepts earlier drilling that was reported in July.

The Accelerated Cyanide Leach Leachwell (ACL) testwork achieved an average gold recovery of 94.6 per cent gold from tailing samples.

This result is consistent with the earlier testwork results of 94.3 per cent gold average recovery the company released in May.

“The recent testwork on gold recovery from tailings has shown significant value, boosting confidence in the economic viability of processing high-grade material from the ongoing bulk sampling exercise,” Mt Malcolm Mines managing director Trevor Dixon said in the company’s ASX announcement.

“This detailed processing approach aims to maximize gold recovery and thoroughly evaluate the prospect’s potential for small-scale mining operations and commercial gold extraction.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Warriedar Resources Drills Further Ricciardo Gold Mineralisation

THE DRILL SERGEANT: Warriedar Resources (ASX: WA8) will have plenty to report at the Roadhouse Steak Sandwich Showdown in Kalgoorlie next week, on the back of recent drilling at the company’s Golden Range project in Western Australia.

Warriedar Resources reported on two recently completed diamond holes, following up previously released results for program’s first twelve diamond holes.

The latest assay results come from continued drilling of the Ricciardo deposit, which the company declared to confirm a 77-metres wide (not true width) mineralisation zone 180m down-dip of the current Resource beneath the Ardmore pit.

Gold intercepts included:

7.2 metres at 4.51 grams per tonne gold from 232.8m, including 3m at 9.03g/t gold from 234m;
23.2m at 1.6g/t gold from 270.8m;
10.5m at 1.53g/t gold from 218.8m; and
3.9m at 3.35g/t gold from 218.8m.

Warriedar said the results for these two holes demonstrated wide infill of the broader Ricciardo deposit at depth, further validating Mineral Resource Estimate (MRE) growth potential exists at Ricciardo and along the broader ‘Golden Corridor’ trend.

“The outcomes of these two diamond tails are significant, given that they represented substantial depth step-outs under the shallow Ardmore pit,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“A 77m wide mineralised zone (downhole) with a central high-grade shoot (4.51g/t), 180m below the MRE is a great result.

“We don’t fully understand the structural geometry here yet, but we are delighted that the deeper part of hole 49 validates the drill results from a previous explorer – confirming the deposit extends to about 460m vertical depth and retains some good grade (3.19g/t).

“Excellent progress.

“We continue to drill ahead at Ricciardo as part of the current diamond program, with follow-up growth drilling activities in planning for the remainder of H2 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Venture Minerals Targeting High-Grade TREO Zones at Jupiter

THE DRILL SERGEANT: Venture Minerals (ASX: VMS) is back out drilling at the company’s Jupiter rare earth discovery in Western Australia.

Venture Minerals is conducting the drilling program targeting high-grade mineralisation at Jupiter.

The new program follows recent modelling completed by Venture of zones of high-grade mineralisation in both the northern and central zones of the large-scale system.

The priority drill program will focus on further defining these zones within Jupiter’s northern margin zone where recent results show intersections in the 5,000 – 10,000ppm total rare earth oxide (TREO) range.

In addition to the drill program the company is continuing to work towards its maiden resource estimate and finalising its comprehensive metallurgical program.

“Following a plethora of impressive drill results throughout the entire 40 square kilometres Jupiter project, we are excited to focus our attention on further defining the substantial high-grade zones identified within the system,” Venture Minerals managing director Philippa Leggat said in the company’s ASX announcement.

“The completed resource drilling has provided us with valuable data for our maiden resource estimate and highlighted sizeable zones of high-grade mineralisation.

“Our new drilling program will be focussed on these priority targets as well as testing some of the regional targets in the broader Brothers project surrounding Jupiter.

“I look forward to sharing results with shareholders as we drill test these interesting targets over the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE