THE DAILY ROADHOUSE

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Lithium Australia Implementing a Drive Towards Battery Energy Sustainability

THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has openly declared that its corporate intentions include shoring up an ethical and sustainable supply of energy metals to the battery industry, thus enhancing energy security in the process.

Ramelius Resources Reports Further High-Grades from Symes’ Find

THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced results from recent drilling undertaken at Symes’ Find deposit at the company’s Hampton project in Western Australia.

Breaker Resources Identifies New Gold Anomaly

THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has identified a large new gold anomaly, which it claims to highlight the exploration upside at the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Comet Resources Scores Further High Grade Drilling Results

THE DRILL SERGEANT: Comet Resources (ASX: CRL) announced further results from recent diamond drilling conducted at the company’s Springdale graphite project near Hopetoun in southern West Australia.

Black Cat Syndicate Back Out Drilling at Bulong

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

 

Lithium Australia Implementing a Drive Towards Battery Energy Sustainability

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THE BOURSE WHISPERER: Lithium Australia (ASX: LIT) has openly declared that its corporate intentions include shoring up an ethical and sustainable supply of energy metals to the battery industry, thus enhancing energy security in the process.

The company is eager to create a circular battery economy and has highlighted the recycling of old lithium-ion batteries to new is intrinsic to this plan.

In October 2019, Lithium Australia announced it had increased its equity in Envirostream Australia Pty Ltd (EA) to 23.9 per cent.

The company believes that by combining the recycling resources of both companies, they will form the only recycling entity in Australia able to not only collect, sort, shred and separate the components of spent batteries but also supply the technology required to recover all the energy metals they contain, to supply as a value-added product or for direct feed for conversion into cathode active materials.

Lithium Australia expects that the restructured EA/LIT recycling business unit will be investment-ready in the first half of 2020.

“Our plan to create greater opportunities for shareholders and potential investors began with increasing our equity in Envirostream,” Lithium Australia managing director Adrian Griffin said in a recent announcement to the Australian Securities Exchange.

“We see the recycling of spent batteries as a significant opportunity, given the increased legislative and community focus on environmental responsibility.

“Envirostream’s existing business model and Lithium Australia’s metal extraction technologies could exist in perfect symbiosis, and we are planning for a public listing.

“Meanwhile, other company business units are approaching commercialisation and, as they do we, will adopt a similar approach in the interests of our shareholders.”

Lithium Australia has plans to restructure its asset base.

This, it believes, will provide greater value for its shareholders and provide current and future investors with the opportunity to choose in which company business units they prefer to invest.

LIT business units are as follows include the recycling deal mentioned above and the use of primary extraction technologies developed to generate high-purity lithium chemicals from waste material.

They also include the manufacture of batteries.

LIT, through its wholly-owned subsidiary VSPC Ltd, has already created LFP cathode powders from mine waste and recycled batteries on a pilot scale.

The produced LFP powders are being incorporated into commercial-format 18650 coin-cell lithium-ion batteries at DLG’s plant in China.

LIT is finalising its Pre-Feasibility Studies into the production of LFP cathode powder and, as part of that study, mounting a trade delegation to China in early November 2019.

There, the company will assess opportunities to partner with existing Chinese cathode-powder producers, with a view to utilising existing plant and infrastructure for a faster and lower-capital pathway to commercialisation.

Meanwhile, LIT and DLG have incorporated Soluna Australia Pty Ltd, with the aim of supplying battery products into the energy storage industry nationally.

The focus will be on fringe-of-grid and off-grid applications. Legal formalities should be completed shortly and staff recruitment has commenced.

Lithium Australia is currently revising the orebody model for the company’s Sadisdorf lithium/tin deposit in Germany and is also in discussions with third parties regarding involvement in the exploration and assessment of a number of its Western Australian exploration assets.

 

Email: info@lithium-au.com

Web: www.lithium-au.com

 

Ramelius Resources Reports Further High-Grades from Symes’ Find

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THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) announced results from recent drilling undertaken at Symes’ Find deposit at the company’s Hampton project in Western Australia.

Ramelius Resources said surface laterite gold mineralisation plus shallow oxide and bedrock gold mineralisation has been returned from step-out drilling beyond the previously reported 34,000 ounces Indicated and Inferred Mineral Resource at Symes’ Find.

Infill and step-out shallow oxide RC drill results from the recent drilling include:

11 metres at 4.38 grams per tonne gold from 2m, including 1m at 18.6g/t gold;

9m at 12.72g/t gold from 12m, including 1m at 99g/t gold

6m at 10.67g/t gold from 29m, including 3m at 19.58g/t gold

6m at 9.32g/t gold from 40m, including 2m at 23.8g/t gold

12m at 2.4g/t gold from 11m, including 1m at 10.4g/t gold

Deeper infill RC drill results confirmed continuity of mineralisation down dip within the fresh rock at Symes’ Find, including:

9m at 3.07g/t gold from 79m, including 1m at 8.19g/t gold

12m at 3.38g/t gold from 49m, including 1m at 9.45g/t gold

Further step-out surface laterite drill results also returned from Symes’ Find, included:

12m at 2.7g/t gold from surface

6m at 4.06g/t gold from 1m

5m at 2.61g/t gold from surface

Symes’ Find is located 120 kilometres southeast from the Edna May gold mine.

Ramelius indicated that drill access has recently been limited due to the winter grain cropping season, but where access was permissible the mineralisation shows good strike continuity to the south, into the larger Mt Hampton project.

Further strike extension step-out drilling is scheduled to commence once the winter grain crops have been harvested around mid-December this year.

“The latest Symes’ Find drilling results are further testament to the potential of the Edna May region to deliver future resources and reserves for the company and highlight the significance of Ramelius’ decision to consolidate a dominant land package extending over 130 kilometre strike through prospective stratigraphy around the Edna May gold mine,” Ramelius Resources managing director Mark Zeptner said in the companny’s announcement to the Australian Securities Exchange.

“We will continue to systematically explore the highly prospective Westonia/Holleton and Tampia greenstone belts to consolidate Edna May as a significant long-term production centre for the company.”

 

Email: ramelius@rameliusresources.com.au

Web: www.rameliusresources.com.au

 

Breaker Resources Identifies New Gold Anomaly

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THE DRILL SERGEANT: Breaker Resources (ASX: BRB) has identified a large new gold anomaly, which it claims to highlight the exploration upside at the company’s Lake Roe gold project, east of Kalgoorlie in Western Australia.

Breaker Resources said its recent aircore (AC) drilling outlined the anomaly, situated 1.3 kilometres southeast of the Bombora gold deposit on the Claypan prospect, over a length of 2.5km and a width of up to 500 metres.

Results include:

BAC2072
4 metres at 1.36 grams per tonne gold from 40m;

BAC2093
4m at 0.95g/t gold from 48m;

BAC2096
12m at 1.32g/t gold from 48m, including 4m at 2.75g/t gold from 48m;

BAC2102
2m at 1.16g/t gold from 80m to EOH; and

BAC2111
3m at 2.66g/t gold from 72m to EOH.

“The drilling results have outlined a significant zone of gold anomalism, designated the Claypan prospect, up to 2.5 kilometres-long and up to 500 metres-wide, Breaker Resources said in its ASX announcement.

“The scale and tenor of the gold anomalism is comparable with that associated with the Bombora and Crescent primary discoveries.

“The anomaly is partially coincident with a newly identified, Bombora Sill-like quartz dolerite up to 100 metres wide.

“Visual logging data indicates that the Claypan dolerite has a gold-prospective granophyric unit at its western margin.

“End-of-hole multi-element geochemical data indicates anomalism in several elements including gold (up to 1.26g/t), silver (up to 0.65g/t) and tellurium, the most reliable pathfinder element for the Bombora and Crescent primary mineralisation.

“The results extend the overall strike length of the camp-scale Lake Roe oxide gold anomaly, including Bombora and Crescent to at least 8.5 kilometres.

 

Email: breaker@breakerresources.com.au

Web: www.breakerresources.com.au

 

Comet Resources Scores Further High Grade Drilling Results

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THE DRILL SERGEANT: Comet Resources (ASX: CRL) announced further results from recent diamond drilling conducted at the company’s Springdale graphite project near Hopetoun in southern West Australia.

Comet Resources declared diamond drill hole HD022 had intersected up to:

16.95 metres at 16.55 per cent Total Graphitic Carbon (TGC) from 29.2m downhole, including 9m @ 26.88 per cent TGC from 30m.

The company said the drilling had encountered values up to 41 per cent TGC and that intends using the diamond drill core to provide bulk sample for upcoming priority metallurgical test work.

Comet said the results confirm excellent high-grade continuity of the North Zone graphite mineralisation.

“We have more, fantastic grades which confirm the continuity of our broad zones of high-grade graphite mineralisation in the fold-closure of the Northern Area,” Comet Resources CEO Philippa Leggat said in the company’s announcement to the Australian Securities Exchange.

“These results are pretty exciting when viewed in context of the electromagnetic survey data and the shallow, high-grade targets in the surrounding, fold closure.

“This drilling program is the first diamond drilling in the northern zone, assisting our understanding of the mineralisation, confirming the previous RC results and building towards a resource upgrade.”

The Resources Roadhouse interviewed Phillippa Leggat at the recent 2019 Brisbane Resources Round-up

Comet explained the recent diamond core drilling program has been designed to primarily provide bulk sample material for detailed metallurgical test work as well as provide geological, and structural information on the high-grade graphite mineralisation at the Northern and Western Resource areas.

Hole HD022 was completed on the western side of the North zone was targeted to both infill existing RC drilling on the section and to scissor earlier RC drill hole HR060.

The company considers Total Graphitic Carbon assays for both scissor holes at the intersection point to be very similar and confirm that there is good grade consistency between RC and diamond drill holes.

 

Email: comet@cometres.com.au

Web: www.cometres.com.au

 

Black Cat Syndicate Back Out Drilling at Bulong

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THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) informed the market it has resumed RC drilling has resumed at the company’s Bulong gold project in Western Australia.

Black Cat Syndicate said the recommenced RC drilling would now continue until mid-December 2019.

The drilling has been charged with objectives that include extensional RC drilling on the potential south-east extension of Myhree, known as the Myhree Southern Offset Target that was previously intersected returning 10 metres at 2.77 grams per tonne gold.

The program will include infill RC drilling at Myhree with the aim of converting Inferred Resource to Indicated.

Additional extensional RC drilling at the Trump North prospect will follow up and extend an earlier intersection of 4m at 13.46g/t gold and will hope to further delineate the 1,100m long Trump Corridor.

RC drilling will test historic high-grade intercepts at Anomaly 38, including 2m at 47.6g/t gold and exploration drilling at Greater Woodline will test drill ready targets the company identified by way of a recently interpreted Sub-audio Magnetic (SAM) survey, soil anomalies and historic drilling being Woodline and Fenceline.

Black Cat recently announced recent diamond drilling results from Myhree of:

19MYDD003
1.5m at 335.96g/t gold from 52.2m; and

19MYRC001
4.74m at 5.99g/t gold from 166.3m.

The company signalled additional diamond drilling will commence in November 2019 targeting core for comminution testwork along with geotechnical information around the perimeter of the potential open pit.

“The rig is back onto the potential offset position at Myhree which has significant upside potential,” Black Cat Syndicate managing director Gareth Solly said in the company’s announcement to the Australian Securities Exchange.

“If we see more signs that Myhree continues to the south, we will look for additional rigs so that we can accelerate Resource definition work ahead of our Feasibility Study work and still drill the many other high priority targets like Anomaly 38.”

Between now and December, Black Cat aims to conduct ongoing Feasibility Study activities including geotechnical and metallurgical testwork, optical televiewer data interpretation, hydrological, hydrogeological and environmental studies and additional geotechnical and metallurgical drilling.

It will also carry out drilling of priority SAM targets in the Greater Woodline area.

The company anticipates completion of the Feasibility Study in the June 2020 quarter, at which time it hopes to be able to make a decision to mine at Myhree/Trump.

 

Email: admin@blackcatsyndicate.com.au

Web: www.blackcatsyndicate.com.au

 

THE DAILY ROADHOUSE

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NTM Gold Extends Hub and Redcliffe East Mineralisation

THE DRILL SERGEANT: NTM Gold (ASX: NTM) has completed diamond and RC drill programs at a number of prospects, including Hub and Redcliffe East, at the company’s 100 per cent-owned Redcliffe gold project located near Leonora, Western Australia.

Vimy Resources Raises Funds to Continue Mulga Rock and Alligator River Push

THE BOURSE WHISPERER: Vimy Resources (ASX: VMY) has raised gross proceeds of $3.9 million through a placement to institutional and sophisticated investors.

Marenica Energy Expands Exploration Team

THE BOURSE WHISPERER: Marenica Energy (ASX: MEY) announced a few new additions to its exploration team, with the expectation of support for the expansion of exploration activities on the company’s large uranium tenement position in Namibia.

Marenica Energy Expands Exploration Team

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THE BOURSE WHISPERER: Marenica Energy (ASX: MEY) announced a few new additions to its exploration team, with the expectation of support for the expansion of exploration activities on the company’s large uranium tenement position in Namibia.

Marenica indicated the new chums would also add expertise to the advancement of its extensive Australian uranium tenements and deposits that are subject to completion of the acquisition from Optimal Mining Limited.

First new appointment is Jessica Bezuidenhout as general manager – Namibia with responsibilities for overseeing the smooth running of the company’s Namibian operations.

Bezuidenhout is an environmental scientist with 13 years exploration and mining experience in Australia and Namibia, whom Marenica believe will ensure that exploration activities are completed under the most efficient and optimal conditions.

Joining her is Berti Roesener who has been appointed consulting exploration manager – Namibia.

Roesener is a geologist with over 33 years geological experience in Namibia, in particular, on the mineralisation type targeted by Marenica, being calcrete hosted uranium mineralisation.

Dave Princep has been appointed consulting geologist and will oversee, from a technical point of view, all planning, execution and analysis of exploration activities in Namibia.

Princep also has extensive experience on exploration for calcrete hosted uranium mineralisation and mining in Namibia, having worked for Paladin Energy and Deep Yellow on their projects in Namibia, over the last 16 years.

Whilst working at Paladin, Princep also prepared or oversaw the mineral resource estimates on the majority of the Australian tenements Marenica is set to acquire from Optimal – which were previously owned by Paladin – providing him with much knowledge of these assets.

“The addition of these highly experienced personnel to the Marenica exploration team, will support the acceleration in our exploration activities,” Marenica Energy managing director Murray Hill said in the company’s announcement to the Australian Securities Exchange.

“With a combined 80 years of exploration and development experience we welcome these consultants to the team at an exciting time for the company.”

 

Web: www.marenicaenergy.com.au

 

Vimy Resources Raises Funds to Continue Mulga Rock and Alligator River Push

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THE BOURSE WHISPERER: Vimy Resources (ASX: VMY) has raised gross proceeds of $3.9 million through a placement to institutional and sophisticated investors.

Vimy Resources said the funds would strengthen the company’s balance sheet, allowing it to undertake an exploration program at the Alligator River project in the Northern Territory, as well as to update the Definitive Feasibility Study at the Mulga Rock project in Western Australia.

The company’s 2019 field season at Alligator River confirmed a pipeline of advanced exploration targets, including Such Wow and Angularli West.

Vimy considers the Wallaby Ridge, Inspiration and Southern Flank exploration greenfields targets support further exploration, especially given the excellent geochemical results it achieved at Southern Flank that the company said had confirmed its geological models and exploration methods and highlight Jabiluka-style mineralisation targets.

The proceeds of the raising will be used to complete additional field work including geochemical analysis and drilling at these targets with the company also carrying out environmental baseline studies to streamline permitting.

At the Mulga Rock project, Vimy completed a high-level review of the January 2018 DFS in Q2 2019 that identified potential capital and operating cost savings that could lower capital cost and firm up stronger project economics.

Vimy believes the outcomes from the preliminary work justify it undertaking a more thorough review of the DFS.

The raised funds will also be used to advance offtake contract(s) and project finance.

A supporting Share Purchase Plan (SPP) is to be open to eligible Vimy Resources’ shareholders who will be invited to invest up to a maximum of $30,000 per shareholder to grab their share of approximately 60 million new shares at five cents per share to raise an additional $3 million.

“It’s great to see so many investors, both new and existing, who appreciate the high quality of our portfolio,” Vimy Resources managing director and CEO Mike Young said in the company’s announcement to the Australian Securities Exchange.

“The outlook for uranium continues to improve, it feels like the whole nuclear industry has made a significant turn for the better.

“Owing to the increased rhetoric around the ‘climate emergency’ and the demonstrable failure of industrial scale renewable energy to significantly reduce greenhouse gas emissions, there is now much more dialogue around nuclear energy’s role.

“Following on from the excellent announcement on 1 October 2019, the team can’t wait to commence the next exploration program at the Alligator River project.

“The geochemistry results confirmed Vimy’s geological models and exploration methods and highlighted the exciting Jabiluka-style mineralisation targets.”

 

Email: info@vimyresources.com.au

Web: www.vimyresources.com.au

 

NTM Gold Extends Hub and Redcliffe East Mineralisation

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THE DRILL SERGEANT: NTM Gold (ASX: NTM) has completed diamond and RC drill programs at a number of prospects, including Hub and Redcliffe East, at the company’s 100 per cent-owned Redcliffe gold project located near Leonora, Western Australia.

NTM Gold said drilling at the Hub prospect had returned a number of outstanding gold intercepts, continuing to demonstrate the potential of the prospect.

The mineralisation at Hub has now been extended to a strike extent of 1,130 metres and remains open to the north and south as well as at depth.

Drilling at Hub extended strike and intersects high grades at depth, including:

6 metres at 12.9 grams per tonne gold from 63m, including 3m at 21.7g/t gold; (RC)
2m at 16.2g/t gold from 21m; (RC)
6m at 6.6g/t gold from 213m, including 3.5m at 9.1g/t gold; (diamond drilling) and
0.5m at 11.3g/t gold from 249.5m. (diamond drilling)

At Redcliffe East, the RC drilling confirmed the broad zones of mineralisation with a number of intercepts of at least 10m downhole width.

Drilling at Redcliffe East returns good grades and widths, including:

12m at 2.4g/t gold from 93m, including 3m at 5.1g/t gold; (RC) and
1m at 14.7g/t gold from 185m. (diamond drilling)

NTM Gold said Redcliffe East was similar to Hub, in that mineralisation remains open to the north, south and at depth.

The company said that all diamond results it has received have demonstrated grade continuity at both Hub and Redcliffe, with the core yielding important insights into the mineralisation at both deposits and returning good grades and widths.

NTM said the RC assays it has received to date have expanded the existing mineralisation at both Hub and Redcliffe East.

“The recent RC and diamond programs have extended the mineralisation at both Hub and Redcliffe East, with more results due in the following weeks,” NTM Gold managing director Andrew Muir said in the company’s announcement to the Australian Securities Exchange.

“Particularly pleasing is that the strike extent of Hub continues to grow.

“We look forward to further drill testing of Hub in the pending RC and diamond programs scheduled for November.”

A number of holes are yet to be resampled on one metre intervals and those results are expected over the coming weeks.

The aircore program is continuing, testing the northern and southern strike extents of Hub, along with a number of other high priority targets.

Beyond the aircore, RC and diamond drilling programs are scheduled to commence next month which is likely to continue the focus on Hub.

 

Web: www.ntmgold.com.au