MTM Critical Metals Recovers High-Grade Antimony at 98% from U.S. E-Waste

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THE BOURSE WHISPERER: MTM Critical Metals ASX: MTM) has achieved a major breakthrough with the company’s Flash Joule Heating (FJH) process that recovers critical metals from electronic (e) waste.

MTM Critical Metals has achieved 98 per cent recovery of antimony from U.S. electronic waste, extracting 3.13 per cent antimony from printed circuit board feedstock using its proprietary FJH technology.

The company claimed the achieved grade far exceeds that of typical mined ore, noting that the largest primary deposits, such as China’s Xikuangshan, average just 0.5–0.7 per cent antimony.

The tested feedstock came from urban waste material from which MTM had previously reported ultra-high-grade gold, silver, and copper recoveries.

MTM has already secured over 1,100 tonnes per year of e-waste feedstock under long-term agreements with U.S. suppliers, separate from the material tested for the recent recovery work.

The company believes this provides a strong foundation for commercial deployment.

“This result demonstrates the strong technical and commercial potential of our FJH process for recovering strategic metals from e-waste,” MTM managing director & CEO Michael Walshe said in the company’s ASX announcement.

“Achieving 98% recovery of antimony at over 3% grade, from domestic urban feedstock, is particularly significant given the U.S. currently has no meaningful domestic antimony production.

“With antimony designated as a critical metal by both the DoD and DoE, these outcomes reinforce MTM’s ability to contribute to onshore supply solutions for high-priority metals.

“Combined with our recently secured, pre permitted demonstration site in Texas, we are well positioned to scale operations and advance commercial deployment.

“In parallel, the company is engaging with U.S. government agencies, including the DoD and DoE, regarding potential funding to support domestic critical metal recovery.

“While early-stage and non-binding, these discussions reflect strong interest in scalable U.S.-based refining technologies.

“The strategic role of antimony in defence, particularly in armour piercing alloys and flame-retardant systems, was a consistent theme during recent meetings in Washington.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Warriedar Resources $17M Placement to Fast Track Resource Growth at Ricciardo

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THE BOURSE WHISPERER: Warriedar Resources (ASX: WA8) is set to bank $17 million after receiving firm commitments for a placement to institutional and sophisticated investors.

Warriedar Resources explained the funds will be directed towards accelerating drilling and advancement of the Ricciardo deposit at the company’s Golden Range project in Western Australia.

Warriedar has a growth-focussed drilling program using two drill rigs currently in progress at the Golden Range project, with antimony-dedicated RC drilling set to commence next month utilising a third rig.

“We are excited to be launching the fast-tracking of our core gold-antimony asset, the Ricciardo deposit at Golden Range,” Warriedar Resources managing director and CEO Amanda Buckingham said in the company’s ASX announcement.

“Earlier this month we delivered a maiden antimony resource at Ricciardo of over 60,000 tonnes contained antimony.

“This included Australia’s largest open-pit antimony resource of 57,000 tonnes contained antimony.

“When this is coupled with a rapidly growing existing gold resource of over one million ounces gold, it is clear why we believe Ricciardo now deserves a dedicated program to accelerate its expansion and better define its pathway to potential development and monetisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Kali Metals Expands Pilbara Gold Project

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THE BOURSE WHISPERER: Kali Metals (ASX: KM1) has expanded the tenement landholding at the company’s Marble Bar gold project in Western Australia.

Kali Metals increased its tenure by 28.8 square kilometres by inking a binding agreement to acquire tenement E45/6389.

The company explained the new acquisition borders its existing tenure on three sides taking the total project area to approx. 96sqkm.

Of note, the new tenement lies immediately north and along strike of Kali’s previously announced 9.5km long gold-in-soil anomaly where it achieved rock chip results of up to 4 grams per tonne gold.

Based on exploration it has undertaken to date, Kali is optimistic that the mineralisation trend extends into the new tenement.

“Kali is very pleased to have finalized negotiations to acquire exploration licence E45/6389,” Kali Metals managing director Paul Adams said in the company’s ASX announcement.

“With gold prices reaching record highs in April, Kali is maintaining a key focus on the gold prospectivity of its 100 per cent-owned Marble Bar Project in the Pilbara.

“This new acquisition bolsters Kali’s landholding in this highly prospective gold region, which includes the operating Warrawoona / Klondyke Gold Project.

“The strategic rationale for the acquisition is not only that our exploration team is hopeful our 9.5km gold-in-soil anomaly continues into this new tenement, but also that it makes Kali’s entire Marble Bar Project contiguous, which has obvious advantages for exploration access and efficiency.

“The company is also looking forward to releasing the results of its most extensive rock chip program conducted at our Marble Bar Project to date, which saw the team collect an impressive 299 rock chips.

“We hope to announce those assay results in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Delta Lithium Confirms Mt Ida Gold Spin-Out

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THE BOURSE WHISPERER: Delta Lithium (ASX: DLI) confirmed what market watchers have been expecting being that the company intends spinning out its Mt Ida gold asset into a new entity, Ballard Mining Limited.

Delta Lithium is carrying out the demerger with the aim of unlocking the value of the Mt Ida gold asset for its shareholders and to separate its gold and lithium assets into two distinct companies.

The new company will be led by well-qualified Board and management, including former De Grey chairman Simon Lill as non-executive chairman, Stuart Mathews as non-executive director, Paul Brennan as managing director and Tim Manners as finance director.

Delta’s current managing director, James Croser, will join the Board of Ballard as a non-executive director to ensure a smooth transition of the Mt Ida asset into the new standalone entity.

 

WATCH AS DELTA MANAGING DIRECTOR JAMES CROSER EXPLAINS THE DEMERGER TO WALLY GRAHAM AT THE RECENT RIU SYDNEY RESOURCES ROUNDUP

 

Delta considers the demerger of importance as it enables the company to continue focusing on its primary business, being the exploration and development of its lithium assets at the Mt Ida project and the Yinnetharra lithium project.

“Delta has been working diligently towards this outcome for some time, and we are delighted to be finally able to announce these details of the Demerger and Ballard IPO,” Delta Lithium managing director James Croser said in the company’s ASX announcement.

“Re-setting the exciting and prospective Mt Ida Gold Asset into Ballard, a pure new gold company, at such an opportune time in the gold price cycle best positions Ballard to launch into early success, underpinned by a strong foundation of 1.1 million ounces gold and a new dedicated and specialised management team.

“Momentum is crucial to a new listing and the pricing of the Gold Asset is compelling with significant potential to create investor returns and shareholder value.

“I encourage all Delta shareholders and members of the gold investment community alike to consider carefully the prospectus information when released.

“We look forward to welcoming the new shareholders of Ballard.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

 

 

Meteoric Resources Welcomes Chinese Rare Earth Controls

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THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) welcomed a recent announcement by China’s Ministry of Commerce and General Administration of Customs on 4 April 2025 regarding export controls on certain medium and heavy rare earth-related items.

Meteoric Resources was quick out of the blocks in response to the announcement highlighting it credentials to have capacity to provide an alternative, sustainable supply chain for critical rare earths from the company’s 100 per cent-owned Caldeira ionic clay project in Brazil.

Meteoric claims Caldeira to be one of the highest-grade Ionic Absorption Clay, Rare Earth Element deposits in the world, with a Mineral Resource Estimate of 1.1 billion tonnes of Mineral Resource and Magnetic Rare Earth Oxide recoveries 70 per cent.

The scale and recoverability of the rare earths in the resource emphasise Meteoric’s position as a future low-cost supplier of critical minerals.

“The scale and quality of our Caldeira Project provides a near term, sustainable and long-life solution for the delivery of critical Rare Earths to global supply chains,” Meteoric Resources managing director Stuart Gale said in the company’s ASX announcement.

“Anticipated resource updates for Barra do Pacu and Agostinho will immediately increase future production volumes and with targeted exploration programs we will undoubtedly identify additional Rare Earth Oxides.

“We have the capacity to provide significant and scalable volumes into the global supply chain and will focus on maximising our resource base to support the growing demand for Rare Earths.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Rumble Resources Acquires Thunderstorm Gold Project Ownership

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THE BOURSE WHISPERER: Rumble Resources (ASX: RTR) is set to secure 100 per cent ownership of the highly prospective Thunderstorm gold project in Western Australia.

Rumble Resources reported it has entered into an agreement to acquire the outstanding 70 per cent in three exploration tenements in the Fraser Range Province from Joint Venture partner IGO Limited to full ownership of Thunderstorm.

The Thunderstorm gold project includes the Gazelle and Pion gold discoveries.

The company explained the Gazelle and Pion gold prospects have similar characteristics to the palaeochannel/placer gold deposits of the Higginsville Gold Centre 120km south of Kalgoorlie.

A number of these style deposits were mined successfully with the main deposit, Challenger, returning over 230,000 ounces at 3.4 grams per tonne gold.

“We are pleased to have secured the balance of the Thunderstorm gold project from IGO under attractive terms,” Rumble Resources managing director and CEO Peter Harold said in the company’s ASX announcement.

“The project contains two high-grade gold discoveries at Gazelle and Pion.

“Based on this and the style of mineralisation we believe there is significant potential to discover large scale palaeochannel and primary basement hosted gold deposits.

“Our exploration team is preparing an exploration program and budget for the next phase of work which will be an infill aircore drill program at Gazelle.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

MTM Critical Metals Inks Partnership with Vedanta to Use Flash Joule Heating Technology.

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THE BOURSE WHISPERER: MTM Critical Metals (ASX: MTM) has struck a Memorandum of Understanding (MoU) for the application of the company’s proprietary Flash Joule Heating (FJH) technology.

MTM Critical Metals landed the deal with Vedanta Limited (NSE: VEDL), a leading global aluminium producer.

Vendanta will apply the FJH technology for Red Mud (RM) recycling — extracting critical metals while investigating its potential in carbon-reduced cement production.

“This MoU with Vedanta represents a major breakthrough for MTM in the global aluminium industry where no commercially viable recycling solution currently exists for Red Mud,” MTM Critical Metals managing director and CEO Michael Walshe said in the company’s ASX announcement.

“With billions of tonnes of Red Mud stockpiled globally, our FJH technology unlocks its potential — initially producing a product suitable for green cement, with a subsequent ‘Stage 2’ focus on recovering valuable critical metals.”

Vedanta Limited is a global resources powerhouse with a market capitalisation of approx. US$20 billion and FY2024 revenues of approx. US$17 billion.

Vedanta is India’s largest aluminium producer and a global company in metals and mining, with operations spanning aluminium, zinc, copper, iron ore, and oil & gas.

The company operates one of the world’s largest alumina refineries in Lanjigarh, Odisha, and has actively explored Red Mud (RM) utilisation strategies as part of its sustainability initiatives.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Matsa Resources Executes $101M Deal for Lake Carey with AngloGold Ashanti Australia

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THE BOURSE WISPERER: Matsa Resources (ASX: MAT) may hae put any talk of takeovers to bed following its announcement of a Tenement Option Agreement executed with AngloGold Ashanti Australia.

Matsa Resources has stuck a deal with AngloGold Ashanti providing the latter with the option to acquire the majority of the former’s Lake Carey gold project near Laverton Western Australia.

The cost for Anglo to take the is a lazy $101 million (at a gold price of A$4,500) subject to other conditions being met.

An important factor of the deal is that Matsa retains the company’s near-term production Devon Pit Gold Mine, the Fortitude North Project and the Red October Accommodation Village, as well as associated tenements.

“This transaction is the culmination of negotiations over the past 12 months with AngloGold Ashanti and I am thrilled with this outcome,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“To attribute a value of approximately $101 million to the Lake Carey Gold Project speaks volumes for the exploration potential of this project.

“Not only that, Matsa retains the highly valuable, near term production Devon project, Red October Accommodation Village and what I consider to be a very exciting exploration project in Fortitude North where recent drilling highlighted its potential.

“This transaction has been a long time in the making.

“I would like to thank AngloGold Ashanti and their team for the way in which the negotiations were conducted.

“To have a party of the ilk of AngloGold Ashanti speaks to the true potential value of Matsa’s assets and has attributed a ‘see through’ value of in excess of $85 per resource ounce based on the current market gold price.

“I believe shareholders can now have a better understanding of the value of Matsa and what that now means for them and into the future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Black Cat Syndicate ups Gold Production Ante via Lakewood Processing Facility Acquisition

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THE BOURSE WHISPERER: Black Cat Syndicate (ASX: BC8) has amped up its gold producing potential having struck a binding agreement with Westgold Resources (ASX: WGX) to acquire that company’s gold processing facility.

Black Cat Syndicate is acquiring Westgold’s operating, 1.2 million tonnes per annum Lakewood processing facility located on the outskirts of Kalgoorlie and within 40 kilometres of Black Cat’s 100 per cent-owned Kal East Gold Operation.

The deal makes sense for Black Cat as it expands throughput capacity of +50 per cent (from 0.8Mtpa to 1.2Mtpa), allowing the company to produce more gold sooner.

Black Cat’s production plans can be brought forward by approx. 15 months ensuring it can take immediate advantage of the current high gold price environment.

A consideration of $85 million to close the deal is comprised of $70 million in cash, in staged payments over nine months and $15 million worth of Black Cat shares, at an issue price of $0.76 per share and escrowed for 12 months from the date of issue.

The cash payable at completion is immediately available from existing cash, with future payments to be funded from operating cashflows.

“This is another transformational step in our plan to produce more gold sooner,” Black Cat Syndicate managing director Gareth Solly said in the company’s ASX announcement.

“The acquisition of the 1.2Mtpa Lakewood processing facility accelerates Kal East by 15 months, eliminating the risks associated with construction.

“We have a 1.3 million ounce Resource base near Lakewood with deposits open along strike and at depth.

“This acquisition provides a pathway to harvest the cash from Kal East, complemented by ongoing drilling and growth.

“We look forward to running Lakewood which is on the doorstep of Kalgoorlie and has previously been pivotal in the growth of Silver Lake Resources (now Vault Minerals) and Karora Resources.

“We are thrilled to be able to announce this acquisition as we continue to transform into a significant WA gold miner, producing more gold, sooner.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Blackstone Minerals trikes Merger Deal to Acquire World Class Copper Gold Project

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THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) emerged from a self-imposed ASX exile to announce a merger with IDM International Limited to result in the company acquiring the Mankayan copper-gold project in the Philippines.

Blackstone Minerals described the binding scheme implementation deed (SID) with IDM International as being a ‘merger of equals’.

The Mankayan copper-gold porphyry project is the heart of the deal. The project is located in Northern Luzon in the Philippines, a region with a pro-mining environment and a long history of successful mining operations.

The company views the project as the ideal opportunity for it to gain exposure to copper, a critical energy transition metal, while also offering substantial exposure to high-value precious metals, gold and silver during a period of record high prices.

Blackstone brings to the table its extensive expertise, resources, and relationships in base metals mine development and the energy transition metals market, making this a strategically advantageous proposition with high growth potential.

This combines with Blackstone’s current Vietnamese nickel assets to align with global decarbonisation trends, whilst offering exposure to the current high global demand growth for critical metals.

IDM has achieved substantial progress at the Mankayan copper-gold project, which is considered a key development project in the Philippines.

Recent activities have included securing renewal of a 25-year Mineral Production Sharing Agreement (MPSA) mining license in March 2022, laying the groundwork for the long term development of the project.

A further milestone was achieved in December 2024 with the signing of a Memorandum of Agreement (MoA) with the local Indigenous People (IP), marking IDM as the first mining company to secure IP consent in the region.

“This exciting merger of equals offers diversified exposure to critical energy transition and precious metals, centred on the world-class Mankayan copper-gold porphyry project, one of the largest high-grade undeveloped porphyry projects globally,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Backed by Blackstone’s mining expertise and a supportive environment in the Philippines, the merger offers near-term exploration upside, significant resource growth potential, and regional opportunities.

“With historic high-grade intercepts, Mankayan is ideally positioned to deliver long-term value to shareholders.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE