Dreadnought Resources Identifies Bresnahan as Emerging Light & Heavy Rare Earth Province

/in , /by

THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has provided punters attending the RIU Explorers Conference next week something more to think about.

Dreadnought Resources reported that assays from recent reconnaissance surface sampling confirmed unconformity heavy rare earth element (HREE) mineralisation at the company’s 100 per cent-owned Bresnahan project, located in the Ashburton Region of Western Australia.

Results from the sampling returned an alphabet of results, including:

BBRK0046
1.33 per cent total rare earth oxide (TREO) (31% neodymium praseodymium (NdPr):TREO and 25% HREE:TREO) comprised of: 3.25kg/t neodymium (III) oxide (Nd2O3), 0.84kg/t praseodymium (III, IV) oxidePr6O11, 0.34kg/t dysprosium (III) oxide (Dy2O3), 0.06 kg/t terbium (III) oxide (Tb2O3); and

BBRK0050
1.21 per cent TREO (30% NdPr:TREO and 19% HREE:TREO) comprised of: 2.8kg/t Nd2O3, 0.77kg/t Pr6O11, 0.25kg/t Dy2O3, 0.05kg/t Tb2O3.

Dreadnought declared the HREE results and associated phosphorus (P), strontium (Sr) and barium (Ba) pathfinders to be similar to those seen at the unconformity HREE Browns Range deposits owned by Northern Minerals.

The company added that Bresnahan is believed to be the first application of the unconformity HREE model outside the Athabasca Basin in Canada and the North Australia Craton (including Browns Range) where the model was developed.

“From concept to proof of concept in a few months, and a single reconnaissance field visit, Dreadnought has positioned itself with a significant land holding in an emerging HREE province making Dreadnought one of the few, if not only, rare earth companies with exposure to critical light (Nd, Pr) and heavy (Dy, Tb) rare earths,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With over 3,700 square kilometres to now systematically explore, Dreadnought is excited at what Bresnahan will produce over the next 12 months as we aim to generate and define targets throughout 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Delivers Maiden Resource for Ridgeline Nickel Deposit

/in , /by

THE DRILL SERGEANT: Azure Minerals (ASX: AZS) managing director Tony Rovira will be ready to speak to all comers at the RIU Explorers Conference next week.

Azure Minerals has delivered the maiden Mineral Resource Estimate (MRE) for the Ridgeline deposit, the second MRE to be defined on the company’s Andover nickel project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

The Ridgeline deposit estimate contains 1.3 million tonnes at 1.11 per cent nickel, 0.46 per cent copper and 0.05 per cent cobalt for 14,700 tonnes of contained nickel, 6,100 tonnes of contained copper and 640 tonnes of contained cobalt.

The new Ridgeline estimate combines with the already released Andover deposit to take Global Mineral Resources for the project to 6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 66,400t of contained nickel, 27,800t of contained copper and 3,100t of contained cobalt.

“I am pleased to present the Ridgeline Mineral Resource Estimate which is a great result and demonstrates that there continues to be excellent potential to significantly expand the resource base of the Andover nickel project through ongoing exploration success,” Rovira said in the company’s ASX announcement.

“With the final and deepest drill hole at Ridgeline returning the best mineralised intersection to date (14.5m at 2.26% Nickel – ASX: 23 November 2022), I am confident that we can grow this resource even further.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Coda Minerals Nearing Completion of Elizabeth Creek Scoping Study

/in , /by

THE DRILL SERGEANT: Coda Minerals (ASX: COD) will land at the RIU Explorers Conference next week with plenty of news regarding progress of a Scoping Study at the company’s 100 per cent-owned Elizabeth Creek copper project in South Australia.

Coda Minerals is conducting the Scoping Study for the copper-cobalt Resources at Elizabeth Creek that includes new developments with the process plant flowsheet design.

Coda has assessed material inputs into the upcoming Scoping Study up to the point of production of a copper-cobalt concentrate from a centrally located on-site flotation plant.

These studies cover the full project scope from mining, processing and transportation through to non-process infrastructure, as well as preliminary environmental and hydrogeological assessment.

The part of the Scoping Study relating to the downstream processing of concentrate to final saleable products remains subject to a series of trade-off studies relating to multiple processing options.

“The completion of the Scoping Study will mark the culmination of an enormous amount of work on the mining and metallurgy of the Elizabeth Creek project,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“Although often considered high-level in nature, a Scoping Study also needs to set out a robust base case encompassing the optimum combination of options to be taken forward into a Pre-Feasibility Study.

“With the vast majority of the mining and metallurgy work, as well as all ancillary inputs, now complete, we are making excellent progress with the final stages of the study.

“The work still to be completed relates to one of the project’s greatest strengths – the amenability of cobalt to high recoveries and processing to deliver valuable battery-grade end-products on site.

“With all but one of the trade-off studies now complete, we expect to finalise this work very shortly and look forward to completing the study towards to the end of the current quarter with the results likely to be presented to the market in April 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Altech Chemicals Making Progress at Silumina Anodes Project

/in , /by

THE DRILL SERGEANT: Altech Chemicals (ASX: ATC) managing director Iggy Tan will be eager to speak with delegates at the RIU Explorers Conference next week.

Altech Chemicals advised the market that construction of the company’s Silumina Anodes pilot plant in Germany underway with the pilot plant’s front end, known as the wet circuit, progressing well.

Infrastructure, including power supply, building modifications, laboratory, and front-end wet circuit are nearing completion with commissioning of the front end of the pilot plant now underway.

Aluminium chloride feedstock digestion, which will be used for the alumina coating process, is expected to be commissioned in the coming weeks.

In anticipation of the pilot plant being commissioned, Altech is progressing with the Silumina Anodes 10,000 tonnes per annum Definitive Feasibility Study (DFS) by completing the phase 1 process definition.

The DFS is running in parallel with the pilot plant construction.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Prodigy Gold Scores Encouraging Phreaker Polymetallic Results

/in , /by

THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) should attract some attention at the RIU Explorers Conference next week after announcing results from diamond drilling at the Phreaker prospect on the company’s Lake Mackay project in the Northern Territory.

The Lake Mackay project is located around 400 kilometres to the west of Alice Springs and includes a number of Joint Ventures with IGO (ASX: IGO).

Prodigy Gold completed a single diamond drill hole at the Phreaker prospect on the base metal tenements in November 2022 to follow-up highly encouraging polymetallic results from a 2021 IGO drill hole that returned encouraging polymetallic results.

PRDD2203
2.3 metres at 1.14 per cent copper, 0.97 per cent zinc, 9.1 grams per tonne silver and 0.11g/t gold from 739.8m, including 0.3m at 5.65 per cent copper, 3.64 per cent zinc, 45g/t silver and 0.7g/t gold from 741.5m;
3.3m at 0.42 per cent copper, 0.57 per cent zinc, 3.7g/t silver, and 0.26g/t gold from 697m; and
3.5m at 0.57 per cent copper, 0.34 per cent zinc and 3.8g/t silver from 718.5m.

“The completed sole funded drill programs at Lake Mackay have been undertaken to facilitate the restructuring of the JV’s with IGO, giving Prodigy Gold a majority interest in the gold tenements, while retaining its position in the base metal tenements,” Prodigy Gold managing director Mark Edwards said in the company’s ASX announcement.

“With the satisfaction of the sole funding commitments, Prodigy Gold will focus on advancing the gold prospects at Lake Mackay.

“Prodigy Gold has been reviewing exploration data for the gold tenements and is planning further drilling at the Goldbug prospect to follow-up on highly encouraging gold results previously reported by IGO.

“Drilling is planned for the second half of 2023 after drilling on our Tanami North project area has been completed.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Claims Copper/REE System Discovery at Hardway

/in , /by

THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has claimed discovery of a large zone of copper and rare earth element (REE) mineralisation from initial RC drilling at the Hardway prospect, located within the company’s broader Mount Isa portfolio in Queensland.

Hammer Metals drilled a single hole at Hardway to test underneath a historic open pit.

This hole produced results that include:

HMHWRC001
30 metres at 1.1 per cent copper from 48m; and

26m at 0.14 per cent total rare earth and yttrium oxides (TREOY) from 34m, including 9m at 0.2 per cent TREOY.

“This is a fantastic way to start the year, with the results from our first hole at Hardway exceeding the team’s expectations,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Seeing a wide zone of strong copper and rare earths mineralisation in the initial drilling and at shallow depths is a fabulous result which when combined with broad soil anomalism indicates that we have a significant mineralised system on our hands.

“Encouragingly, copper and heavy rare earth mineralisation has also been identified by mapping and sampling at various points along an approx. two kilometres long trend.

“Hardway adds to a growing list of prospective mineralised zones identified by Hammer’s 2022 programs that will be drilled by the company in the first quarter of this year.

“Results from our recent Kalman drilling are eagerly awaited and the current uplifts in both molybdenum and copper prices give added momentum to the future development of Hammer’s resources in one of the world’s greatest base metal provinces.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Charger Metals Provides Drilling Update for Medcalf Spodumene Discovery

/in , /by

THE DRILL SERGEANT: Charger Metals (ASX: CHR) will have something to talk about at the RIU Explorers Conference next week, after reporting encounters with further encouraging spodumene pegmatites at the Medcalf spodumene discovery, within the company’s Lake Johnston lithium project in Western Australia.

Charger Metals kicked off Reverse Circulation (RC) drilling in December 2022 that was resumed in January 2023, with 40 holes in total planned.

At this stage, Charger anticipates assay results by the end of February.

Until then the company has been able to report spodumene-pegmatites were intersected on each of the four sections it has drilled to date.

Individual units, up to 13 metres in width (allowing up to 2m of contiguous internal waste), have a strike direction of north-west – south-east and dip towards the south-west.

Thicker pegmatites are recorded on the north-western-most drill section indicating a possible north-westerly plunge to the mineralisation.

“Charger’s drilling program at the Medcalf spodumene discovery got off to a very promising start in late 2022, with numerous spodumene-bearing pegmatites intersected,” Charger Metals managing director David Crook said in the company’s ASX announcement.

“As the program advances, similar sheeted pegmatites continue to be intersected within a 100 metres-wide structural zone as drilling progresses to the northwest, and also at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat Syndicate Drills Down on Paulsens Gabbro Veins

/in , /by

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) released a further update on the progress of underground diamond drilling along the Gabbro Veins at the company’s Paulsens gold operation in Western Australia.

In the lead up to the RIU Explorers Conference next week, Black Cat Syndicate reported assays from an additional 10 diamond holes that it claims has continued to confirm the Gabbro Veins as containing high-grade, vein swarms that are a readily accessible, near-term mining opportunity.

Recent results include:

22PGRD001
3.42 metres at 16.21 grams per tonne gold from 69.7m, including 0.22m at 80.6g/t gold from 72.9m; and

22PGRD002
0.55m at 67.2g/t gold from 47.63m and 0.33m at 21.7g/t gold from 54.42m and 0.51m at 29.86g/t gold from 69.15m and 0.39m at 10.2g/t gold from 103.73m.

“The latest results from the Gabbro Veins continue to highlight their significant future mining potential and further validate Black Cat’s new geology model,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The Gabbro Veins are located adjacent to infrastructure and represent a potential new start-up mining area at Paulsens.

“With a second rig commencing this month our drilling activities will increase and expedite additional discovery and Resource growth.

“Our recent placement of $17 million will not only help us to fast-track our drilling but will support activities required to inform a decision to restart production at Paulsens, which is targeted for mid-2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Caprice Resources Drilling at Northampton

/in , /by

THE DRILL SERGEANT: Caprice Resources (ASX: CRS) has commenced drilling at the company’s Northampton polymetallic project, located in the Northampton Mineral Field of Western Australia.

Caprice Resources has kicked off a RC drilling program on the Lady Sampson target.

This is the first RC drilling at the project by Caprice since 2020, which it carried out close to the Wheal Fortune Mine near the town of Northampton, returning outstanding results of 31 metres at 1.1 per cent copper, 2 per cent lead and 9 grams per tonne silver, including 3m at 3.8 per cent copper, 3.8 per cent lead and 3g/t silver.

The company explained the new program will test north-south oriented base metals mineralisation on the historical Lady Sampson workings.

The hole locations have been guided by historical costeaning, which identified copper and lead rich zones.

“We are very excited to finally be testing Lady Sampson following delays in permitting,” Caprice Resources managing director Andrew Muir said in the company’s ASX announcement.

“This will be a major milestone as this part of the Northampton project has never been drilled before, even though there is evidence of historical base metals mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Scores Top-notch Drilling Results at Burke Graphite

/in , /by

THE DRILL SERGEANT: Lithium Energy (ASX: LEL) reported assay results from Reverse Circulation (RC) drilling undertaken on the company’s 100 per cent-owned Burke graphite project in Queensland.

Lithium Energy claimed the drilling had confirmed the Burke graphite project as one of the highest-grade graphite deposits globally.

The company’s enthusiasm stems from first assay results received from seven RC holes that include multiple outstanding (composite) intercepts of graphite in excess of 20 per cent total graphitic carbon (TGC).

High-grade intercepts of graphite include:

BGRC021
48 metres at 21.9 per cent TGC from 45m;

BGRC017
43m at 21.6 per cent TGC from 69m; and

BGRC016
30m at 23.3 per cent TGC from 84m.

“These grades are exceptionally high when compared with most other known graphite deposits globally,” Lithium Energy said in its ASX announcement.

Lithium Energy pointed out that that previous CSIRO testwork has confirmed Burke graphite to be suitable for use in lithium-ion batteries.

Lithium Energy is planning to commence Engineering Studies shortly to assess the viability of establishing a Purified Spherical Graphite (PSG) anode manufacturing facility in Australia using the Burke graphite as feedstock material.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE