TG Metals Encounters Further High-Grade Lithium at Burmeister

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THE DRILL SERGEANT: TG Metals (ASX: TG6) has continued to hit high-grade lithium while drilling at the Burmeister prospect at the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

TG Metals’ latest drill campaign consisted reverse circulation (RC) and diamond core drilling at the Burmeister lithium discovery.

Results from the diamond drilling were reported in February and now final assays have been received from the RC program, which the company said had continued to confirm intersections of spodumene bearing pegmatites with high lithium oxide Li2O grades and widths up to 20 metres.

Better results from the RC drilling include:

20 metres at 1.38 per cent Li2O from 120m, including 1m at 2.04 per cent Li2O from 124m and 1m at 2.02 per cent Li2O from 135m;

20m at 1.13 per cent Li2O from 129m, including 1m at 2.71 per cent Li2O from 133m and 1m at 2.47 per cent Li2O from 146m; and

5m at 1.61 per cent Li2O from 56m, and 2m at 0.97 per cent Li2O from 144m and 2m at 2.17 per cent Li2O from 167m, including 1m at 3.09 per cent Li2O from 167m.

“These RC drilling results continue to add thick, high grade lithium mineralisation to the previously reported diamond drill results at Burmeister,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“It is pleasing that this program has confirmed the continuity of these pegmatites up dip and the mineralisation remains open.

“The next phase drilling at Burmeister is to infill to a closer spaced pattern as we progress to defining a maiden resource, which will demonstrate the scale and quality of the Burmeister spodumene pegmatites.

“In the meantime, we are ensuring all the approvals are completed at several other high priority drill targets both at Jaegermeister and further south along the greenstone belt at Tay.

“We feel there is a real opportunity to make further discoveries as we progressively test the 50 kilometres of greenstone belt within our project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

St George Mining Resumes REE Drilling at Destiny Project

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THE DRILL SERGEANT: St George Mining (ASX: SGQ) has drilling underway at the company’s 100 per cent-owned rare earth element (REE) Destiny project in the Eastern Goldfields region of Western Australia.

St George Mining’s first drill program at Destiny in December 2023 made a breakthrough discovery of clay-hosted REE with the wide-spaced drilling intersecting high-grade total rare earth oxides (TREO).

Drilling now underway is aiming to further define the near-surface high-grade zones of TREO encountered by the previous campaign.

A minimum of 26 air core drill holes are planned, from which laboratory assays are expected within approximately six weeks of the completion of drilling.

“We are excited to be drilling again at the Destiny project with a clear target to further scope out the extent of the high-grade REE mineralisation we discovered just a few months ago,” St George Mining executive chairman John Prineas said in the company’s ASX announcement.

“The potential scale of Destiny is impressive with mineralisation already confirmed along a 7km-stretch of the Ida Fault zone, with a further 70km of prospective geology exposure within the project yet to be drill-tested.

“The mineralisation contains a high proportion of magnetic rare earths – which are highly sought after for application in clean energy solutions – to add to the attractiveness of the project.

“Work is also underway to investigate newly identified large, circular magnetic features at Destiny.

“These are located proximal to the Ida Fault, a regional-scale crustal shear zone that could have acted as the conduit for late-stage intrusions like carbonatites.

“We look forward to reporting exploration results, including from this follow-up drill program and assays from the just-completed augur campaign, in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Fenix Resources Completes First Iron Ore shipment from Twin Peaks

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THE DRILL SERGEANT: Fenix Resources (ASX: FEX) has hauled, loaded and shipped the first lump iron ore product from the Twin Peaks direct shipping iron ore project near Geraldton in Western Australia.

Fenix Resources executed an Ore Purchase Agreement with 10M Pty Ltd in November 2023 granting Fenix the right to purchase 500,000 tonnes of high-grade ore from Twin Peaks.

The first Twin Peaks shipment contained 59,275 tonnes of +60 per cent iron Fenix TP Lump DSO.

Fenix expects to complete the haulage, storing, loading, shipment and marketing of the 500,000 tonnes of Twin Peaks iron ore covered by the Ore Purchase Agreement during 2024.

“Fenix is delighted to have created a second production source for the company in the Mid-West,” Fenix Resources executive chairman John Welborn said in the company’s ASX announcement.

“Our partnership with 10M Pty Ltd has supported their transition from explorer to producer and is unlocking value for both companies as well as growing the Mid-West economy.

“Fenix’s unique integrated mining, logistics and port services businesses provides an exciting platform for growth for both the company and the many projects in the region seeking to advance to production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Future Battery Minerals Delivers Large-Scale Nevada Strike Extension

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THE DRILL SERGEANT: Future Battery Minerals (ASX: FBM) received assay results from RC drilling carried out at the company’s 80 per cent-owned Nevada lithium project (NLP) in Nevada, U.S.

Future Battery Minerals completed the RC drilling as part of a Phase 3 Mineral Resource drilling program at the Nevada lithium project.

The RC component of Phase 3 Mineral Resource drilling comprised six holes designed to test a potential southern strike extension of the shallow Lone Mountain deposit.

Drilling also tested for higher-grade zones (+1,000 ppm Li) within the shallow claystone.

Assays returned for these holes included:

LM-001
128 metres at 770 ppm lithium from 37m, including 23m at 1,106 ppm lithium from 131m;

LM-002
98m at 478 ppm lithium from 35m, including 14m at 1,010 ppm lithium from 105m;

LM-003
88m at 553 ppm lithium from 44m, including 9m at 1,000 ppm lithium from 102m; and

LM-004
130m at 706 ppm lithium from 35m, including 37m at 1,001 ppm lithium from 117m.

“Our Phase 3 drill program at the NLP has been a huge success,” Future Battery Metals managing director and CEO Nick Rathjen said in the company’s ASX announcement.

“The RC assay results released today demonstrate an approximate 130 per cent extension of the known strike of the Lone Mountain mineralisation, which now sits at over three kilometres (north-south).

“When coupled with the results from the diamond drilling component of Phase 3, which significantly extended the depth of the high-grade mineralisation (and which remains open at depth), it is evident as to why we are so pleased with the outcomes from this phase of drilling.

“All Phase 3 assay results are now with our geological partner in Nevada, Stantec Consulting, which is on track to deliver the targeted maiden Mineral Resource Estimate declaration for the NLP this month.

“We look forward to reaching this milestone and demonstrating the scale and opportunity that exists at the NLP, particularly given the broader regional context in which it is located.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Aruma Resources Encounters High-Grade REE at Salmon Gums Project

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THE DRILL SERGEANT: Aruma Resources (ASX: AAJ) reported an encounter with multiple zones of high-grade ionic clay Rare Earth Elements (REEs) while recently conducting first-pass REE-focused drilling at the company’s Salmon Gums project in the Eastern Goldfields of Western Australia.

Aruma Resources said the drilling had identified three zones of high-grade clay-hosted REEs whilst returning the highest grade REE sample reported to date in the emerging greater Esperance-Salmon Gums ionic clay REE region of 8,700ppm Total Rare Earth Oxides (TREO) in surface sample AR33002.

“The high-grade results returned from our first pass REE-focused drilling at the Salmon Gums project is exciting for Aruma,” Aruma Resources managing director Glenn Grayson said in the company’s ASX announcement.

“It appears that the higher-grade mineralisation extends further onto our project area, which enhances the potential for it to host extensive REE mineralisation.

“The exceptional grades and thicknesses reported in this maiden drilling program, along with the highest-grade ionic clay REE reported in the region to date – in surface sample AR33002 – highlights the largely untested REE potential of Salmon Gums and our team’s skill in identifying and advancing high-value mineral prospects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Astral Resources Drills Consistent High-Grade Gold at Kamperman

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THE DRILL SERGEANT: Astral Resources (ASX: AAR) reported assay results received for the first four holes of a recently completed 19-hole reverse circulation (RC) program at the Kamperman prospect, part of the company’s 100 per cent-owned Feysville gold project outside Kalgoorlie in Western Australia.

Astral Resources’ Feysville project hosts a Mineral Resource Estimate (MRE) of 3 million tonnes at 1.3 grams per tonne gold for 116,000 ounces of contained gold at the Think Big deposit, which the company considers a foundation to potentially become a source of satellite ore feed to a future operation based at its main Mandilla gold project, located just down the road.

Latest results from the Kamperman prospect include:

FRC267
14 metres at 0.98 grams per tonne gold from 25m and 35m at 3.81g/t gold from 86m, including 1m at 11.7g/t gold from 96m, 2m at 12g/t gold from 105m and 1m at 19.2g/t gold from 114m;

FRC269
13m at 1.55g/t gold from 141m and 3m at 2.54g/t gold from 177m; and

FRC268
10m at 0.95g/t gold from 189m.

“These latest RC results from the first four holes of a 19-hole drill program have further reinforced the potential scale and grade of the recently discovered Kamperman prospect at Feysville,” Astral Resources managing director Marc Ducler said in the company’s ASX announcement.

“FRC267 was drilled to infill the 80-metre sectional spacing between previously reported intersections of 35 metres at 2.19g/t gold and 5 metres at 5.89g/t gold.

“To have returned the widest, highest-grade intersection seen at Kamperman to date with such consistent gold mineralisation down the length of the reported mineralised zone, was especially pleasing.

“The potential for Kamperman to become a valuable contributor of high-grade satellite ore feed to the Mandilla gold project development continues to increase with every hole drilled.

“With assay results from a further 15 RC-holes still pending, we are confident that the best may yet be to come.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Charger Metals Intersects Further High-Grade Medcalf Lithium

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported results for diamond drilling completed this year at the Medcalf spodumene prospect within the company’s Lake Johnston lithium project in Western Australia.

Charger Metals said assay results from the program of up to 3.21 per cent lithium oxide (Li2O) had confirmed multiple intervals of high-grade lithium mineralisation in all drill-holes, corresponding to logged intersections of spodumene-bearing pegmatite.

Best intersections from the diamond drill programme included:

CLMDD001
6.5 metres at 2.22 per cent Li2O from 144.2m, 9.70m at 1.8 per cent Li2O from 214.1m, including 4m at 2.27 per cent Li2O from 216m, and 8.2m at 1.04 per cent Li2O from 268.8m;

CLMDD002
13.95m at 1.3 per cent Li2O from 329.05m, including 3.95m at 2.09 per cent Li2O from 330m, and 5.9m at 1.29 per cent Li2O from 352.25m; and

CLMDD003
4.3m at 1 per cent Li2O from 286.95m.

The company explained the recent diamond drilling followed a 41-hole RC drill program completed last year, which intersected high-grade lithium in a swarm of stacked spodumene-bearing pegmatite veins over a strike length of 700m.

The diamond drilling has confirmed depth extensions to this mineralisation along the strike length, which remains open along strike and at depth.

“Our maiden diamond drill program at our Lake Johnston lithium project was very successful,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The holes all intersected significant widths of spodumene-bearing pegmatites which consistently returned high-grade lithium results.

“The drilling confirmed that the high grade spodumene mineralisation previously intersected at Medcalf does continue at depth, and the mineralisation remains open at depth and along strike.

“The diamond drilling has been an excellent start to our planned 2024 exploration programs.

“Our team is progressing the approvals process as our focus now turns to upcoming RC drill programs designed to test high-priority targets such as the extensions to Medcalf and the Mt Gordon prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Wildcat Resources Delivers New Results From Tabba Tabba

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THE DRILL SERGEANT: Wildcat Resources (ASX: WC8) reported new drilling results from an ongoing drilling campaign underway at the company’s Tabba Tabba lithium project, near Port Hedland in western Australia.

The latest results come from the Leia pegmatite, which is one of six pegmatite prospects within the Tabba Tabba project.

The others include Boba, Chewy, Tabba Tabba Ta, Han and Hutt and all sit within a 3.2 kilometres long LCT pegmatite field and remain open in all directions.

Latest results from Leia include:

TADD010
119.2 metres at 1 per cent lithium oxide (Li2O) from 334.3m (est. true width), including 31m at 1.7 per cent Li2O from 336m and 34.5m at 1.2 per cent from 418.5m;

TARC162D
62.3m at 1 per cent Li2O from 223.2m (est. true width);

TARC242D
83.4m at 0.8 per cent Li2O from 314.2m (est. true width), including 22.7m at 1.4 per cent Li2O from 262.4m; and

TARC239D
84.6m at 0.7 per cent Li2O from 238m (est. true width), including 9.6m at 1.7 per cent Li2O from 308.4m.

“It is promising to see the very high-grade zones in these exploration step outs as it shows that Leia continues along strike and at depth, in concurrence with the shallow and outcropping portions of the orebody,” Wildcat Resources said in its ASX announcement.

“The addition of more drill rigs in 2024 has allowed the drilling program to continue expanding across the Mining Leases.

“The giant Leia pegmatite continues to be the focus of Wildcat’s exploration drilling.

“Leia is open to the north and at depth and two diamond drill rigs are exploring for its limits.

“Another two diamond drill rigs are infill drilling Leia to increase data density for geological and resource modelling while an RC rig is being used to drill precollars for these diamond rigs.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Centaurus Metals Re-Shapes Jaguar Feasibility Study to Focus on Nickel Concentrate Project

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THE DRILL SERGEANT: Centaurus Metals (ASX: CTM) has re-jigged the ongoing Feasibility Study work being undertaken on the company’s 100 per cent-owned Jaguar nickel project in northern Brazil.

Centaurus Metals has been keeping a close watch on changes in nickel market conditions over the past few months, which has stemmed mainly from increasing supply from Indonesia resulting in the LME nickel price plummeting by over 36 per cent over the past year, from around US$25,000/t to recent lows below US$16,000/t.

Centaurus has taken the decision to reshape the current Feasibility Study – deferring the parts of the study relating to a fully integrated downstream nickel sulphate project to focus instead on completing the study based on an initial nickel concentrate-only project.

The company may consider development of a potential downstream refinery when market conditions improve.

Recent discussions the company has held with potential customers and strategic partners have indicated strong interest for Jaguar’s low-carbon, non-Indonesian supply of nickel sulphide concentrate product.

“The changes we have seen in the nickel space in recent months cannot be underestimated,” he said,” Centaurus Metals managing director Darren Gordon said in the company’s ASX announcement.

“While we think nickel prices have overshot on the downside and could rebound much quicker than some market forecasts suggest with supply growth now slowing significantly, we also want to be prudent and preserve maximum value and optionality for our shareholders while delivering an attractive, lower capital cost development route at Jaguar which demonstrates the quality of the project throughout the commodity price cycle.

“A lower CAPEX concentrate project, with lower technical risk and a lower cost of capital in the current market, delivers a better outcome for our shareholders.

“When we see the exceptional work being done by Ero Copper on its four million tonnes per annum copper concentrator at Tucumã, just 40km from Jaguar, we have a lot of confidence in what we should be able to deliver from a similar-sized concentrator at Jaguar.

“We remain convinced that Jaguar, which hosts Resources of nearly one million tonnes of contained nickel, is one of the top-3 nickel sulphide development projects globally, which we anticipate will become an increasingly important source of low carbon nickel supply, particularly for the Western EV battery industry.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Great Western Exploration to Commence Drilling at Fairbairn Copper Project

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THE DRILL SERGEANT: Great Western Exploration (ASX: GTE) is preparing to commence drilling at the company’s Fairbairn copper project in Western Australia.

Great Western Exploration has signed up drilling contractor DDH1 for the gig, which is anticipated to commence in late March 2024.

The company explained the upcoming drilling will test three DeGrussa-style targets, which makes some sense considering the project’s location being around 120km from Sandfire Resources’ (ASX: SFR) DeGrussa copper-gold project.

The targets were identified by both a fixed-loop electromagnetic (FLEM) ground survey and a heliborne EM survey conducted last year.

Geophysics and sampling undertaken by Great Western have been interpreted to indicate the targets hold potential to host volcanic hosted sulphide mineralisation.

“These targets have been identified and refined using cutting-edge geophysics and assessed by leading people in this field,” Great Western Exploration managing director Shane Pike said in the company’s ASX announcement.

“Geological mapping completed by our team found the targets are located in a geological setting expected for a DeGrussa style copper-gold deposit and share many other key geological characteristics.

“The targets are modelled as sitting between 80m and 190m below surface and their highly compelling prospectivity is supported by anomalous surface sampling results with assays grading up to 0.19 per cent copper and 0.15 grams per tonne gold, indicative of a fertile mineral system.”

Once it has completed drilling at the Fairbairn copper project, Great Western indicated it plans to commence drilling at the company’s Oval and Oval South targets, the geophysical signatures of which it has interpreted as sharing similarities with Rio Tinto’s (ASX: RIO) Winu intrusive related copper-gold deposit.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE