Altech Chemicals Launches Silumina Anodes Product Name

THE BOURSE WHISPERER: Altech Chemicals (ASX: ATC) has registered the product name Silumina AnodesTM for the company’s alumina coated composite silicon/graphite lithium-ion battery anode material.

From test work results, Altech expects its Silumina AnodesTM product to provide for the manufacture of battery anodes, that when incorporated into a lithium-ion battery, will result in a battery with higher energy retention capacity by volume and weight compared to a battery using a graphite only battery anode.

The key differentiation point of Silumina AnodesTM is that it will be a composite material of silicon and graphite particles that have been coated with alumina, using Altech’s proprietary alumina coating technology.

Altech’s laboratory test work demonstrated lithium-ion batteries using an anode comprised of composite graphite and silicon particles coated with alumina, improved battery energy capacity, energy retention, life and performance when compared to using a graphite only anode.

In November 2021, Altech achieved a breakthrough when its R&D team “cracked the silicon barrier”, producing lithium-ion battery anode materials with approx. 30 per cent higher energy retention capacity compared to conventional graphite only lithium-ion battery anode material.

The need to increase lithium-ion battery energy density and reduced cost has been a hurdle the lithium-ion battery industry has long wanted to clear.

Silicon metal has been considered the most promising anode material for the next generation of lithium-ion batteries, but, until now was unable to be used in commercial lithium-ion batteries.

Altech’s potentially game changing technology has demonstrated that silicon particles can be modified to resolve capacity loss caused by swelling and first-cycle-loss capacity.

Phase 2 of Altech’s planned R&D program will see the company strive to improve on the 30 per cent energy increase achieved in the first phase.








Calidus Resources Commits to Renewable Micro Grid

THE BOURSE WHISPERER: Calidus Resources (ASX: CAI) announced the execution of an agreement with Zenith Pacific for the construction of a 4MW solar farm with 3.5MW battery energy storage system at the company’s Warrawoona gold project in the Pilbara region of Western Australia.

Calidus Resources reported Zenith is currently constructing an 11MW gas fired power station at Warrawoona under a Power Purchase Agreement (PPA).

It went on to explain the construction of the solar farm is part of the PPA whereby Calidus purchases power from Zenith.

The solar farm will be constructed in H2 of CY2022 and will feed into the distribution line between the power station and the project accommodation village.

The decision to proceed with the solar farm and battery storage is in line with the company’s Environmental, Social and Governance (ESG) initiatives.

“Calidus is committed to carbon reduction as part of its ESG policy,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“This renewable micro grid is a cornerstone to our carbon reduction plan which includes the use of LNG not diesel and the ability of the LNG gensets to use up to 25 per cent hydrogen.

“We are pleased to extend the relationship with Zenith to incorporate this renewables project, and look forward to its construction in the second half of this year.”







Green Technology Metals Increases Canadian Lithium Footprint

THE BOURSE WHISPERER: Green Technology Metals (ASX: GT1) announced an increase to its landholding in Ontario, Canada.

Green Technology Metals completed the acquisition by way of its wholly owned subsidiary Lithium Triangle Resource, increasing its tenement base from 9,467 hectares to 35,576 hectares through execution of multiple option agreements and tenement pegging activities.

The new landholdings surround GT1’s existing projects, Seymour and Root, as well as being in a new project area named Allison and select other project areas (Pennock Lake, Root Bay, Superb Lake and Gathering Lake).

As a result, GT1 has entered binding option agreements with two unrelated parties to acquire claim packages in the Allison area.

The Allison Batholith is a multiphase intrusion that has previously been identified as prospective for evolved LCT type pegmatites.

GT1 has also entered into an option agreement with Solstice Gold Corporation (CVE: SGC) to acquire 31 mining claims across four locations: Pennock Lake, Root Bay, Superb Lake and Gathering Lake.

The company explained that all the newly pegged and optioned tenements have been ranked based off prospective geological setting plus any observed pegmatite widths and lithium grades.

GT1 indicated it plans to undertake a systematic evaluative approach to exploration of these new areas, alongside rapid advancement of its core Seymour, Root and Wisa projects, in keeping with its focus on building a sustainable, North American focussed lithium production business.







OZZ Resources Increases Leonora Tenement Holding

THE BOURSE WHISPERER: OZZ Resources (ASX: OZZ) has made a strategic acquisition in the form of a new tenement holding in the Leonora mining district of Western Australia.

OZZ Resources acquired two additional Exploration Licences covering an area of 63 square kilometres adjacent to the company’s recently acquired Pinnacle Well project, located 25km north of Leonora and immediately to the east of OZZ’s existing Mt Davis project.

The newly acquired area has had limited drilling since the early 2000s, despite the presence of a prospective greenstone belt and structural preparation from the district-scale Keith-Kilkenny Shear Zone.

Transported cover sitting over most of the tenement area has restricted historical exploration.

In addition to the gold potential that OZZ considers in play, the tenements lie on the same structures and lithologies as the Jaguar base metal deposits, located 25km to the north.

“Following our acquisition of the Pinnacle Well project in November, this acquisition further consolidates our land-holding in the world-class Leonora district, with the proximity of the tenements to our existing projects delivering significant synergies for our exploration efforts,” OZZ Resources managing director Jonathan Lea said in the compay’s ASX announcement.

“We are planning extensive drilling programs targeting both gold and base metal mineralisation across the Pinnacle Well consolidated ground package in 2022, with the new tenure expected to yield numerous drilling targets this year and beyond.”








Resource Sector ASX Listings to Maintain Their Pace in 2022

THE BOURSE WHISPERER: the unsated hunger felt by voracious Resource Sector investors for fresh meat to list on the ASX continues to be met by new arrivals.

There were 44 exploration plays in attendance at the 2021 RIU Resurgence Conference in Perth.

In February there will be another 87 in attendance at the upcoming RIU Explorers Conference to be held in Fremantle.

Of course, these 131 companies are the tip of the exploration company ASX listings, the number of which changes so often it is hardly worth recording it, but if one were to guess it would most likely be hitting around the 800+ mark.

That doesn’t stop new chums being eager to join in the fun and the listings slated for January alone make interesting reading.


Belararox (ASX: BRX) comes with the aspirations shared by many of its ilk of recent times being an Australian mineral explorer focused on securing and developing resources to meet the surge in demand from the technology, battery and renewable energy markets.

Belararox has majority interest in tenements in a project area in the Lachlan Fold Belt of New South Wales and a project with tenements in the Bullabulling Goldfield near Coolgardie in Western Australia.

The company considers the projects to hold potential for zinc, copper, gold, silver, nickel and lead resources.

Belararox’ main focus is its Belara project in NSW south-east of Dubbo in the East Lachlan Orogen.

This deposit is listed as the fifth largest VAMS deposit in the Lachlan Fold Belt.

The Coolgardie project in WA consists of 26 Prospecting licences that are located around the Bullabulling gold deposit in the Bullabulling goldfield near Coolgardie.


Cosmo Metals (ASX: CMO) is a spin out of Great Boulder Resources (ASX: GBR) to allow the demerger of that company’s base metals portfolio allowing it to focus on its gold projects.

Cosmo Metals inherits the Yamarna project, a multi-commodity target northeast of Laverton in the Eastern Goldfields of Western Australia.

The Yamarna project hosts advanced nickel-copper-cobalt sulphide discoveries at the Mt Venn and Eastern Mafic prospects with mineralsiation at Mt Venn already identified over 1.5 kilometres.


Nico Resources (ASX: NC1) is looking to list on the back of its Central Musgrave project (CMP) tenements that comprise three main exploration licences straddling the border between Western Australia and South Australia.

The licences are known as – Wingellina (WA), Claude Hill (SA) and Mt Davies (SA).

Mt Davies is an exploration licence covering the Lewis calcrete resource and three miscellaneous licences covering the defined water resources.

The tenements host nickel-cobalt-scandium lateritic Mineral Resources in excess of 200 million tonnes, containing 1.95 million tonnes of nickel and 150 thousand tonnes of cobalt, along with a probable Ore Reserve of 164.8 million tonnes containing 1.56 million tonnes of Nickel and 123,000 tonnes of cobalt.

Renascor Resources Completes Commercial-Scale Milling Trials at Siviour

THE BOURSE WHISPERER: Renascor Resources (ASX: RNU) has completed of commercial-scale downstream milling equipment trials for the company’s planned Siviour project, a vertically integrated graphite mine and battery anode material manufacturing operation in South Australia.

The recently completed trials achieved spherical graphite yields from Renascor’s Siviour graphite deposit in excess of 65 per cent (versus the 50% yield adopted in Renascor’s Battery Anode Material Study).

Renascor Resources said the higher yields from the milling process offer potential to produce more Purified Spherical Graphite (PSG) and improve profit margins as a result of an increased proportion of PSG material being produced per unit of Graphite Concentrate feed.

The higher yields were achieved with an industry leading equipment manufacturer, confirming the ability to process Siviour Graphite Concentrates into spherical graphite products consisting of a primary spherical product for use in high-volume lithium-ion battery anode applications, as well as finer spherical products for use in high performance and other speciality applications.

Spherical graphite produced from the milling trials met or exceeded physical customer specifications that require physical specification parameters, including product size, particle size distribution, tap density and surface area, must be achieved after the milling process for use in high quality anode material

Data generated from the equipment trials will be used for engineering design works and final equipment selection for Renascor’s planned manufacturing facility in SA.

“The completion of the downstream equipment trials is another important step in advancing and de-risking the Siviour project, with the potential for improved yields offering further upside in our plans to become a global leader in the production of high-quality, sustainable Purified Spherical Graphite products for lithium-ion battery anode makers worldwide,” Renascor Resources managing director David Christensen said in the company’s ASX announcement.








OZZ Resources Acquires Prospective Leonora Tenements

THE BOURSE WHISPERER: OZZ Resources (ASX: OZZ) has acquired the Pinnacle Well project in the Leonora district of Western Australia.

OZZ Resources has entered a farm-in arrangement, under which it can earn a 75 per cent interest in the Pinnacle Well project by spending $750,000 on exploration over 2.5 years, followed by a Joint Venture.

The project covers an area of 95 square kilometres and is just 30km north of Leonora to the east of OZZ’s existing Mt Davis project.

The project area has had very limited drilling, despite the presence of a prospective greenstone belt.

Recent sampling and mapping have confirmed the presence of gold, base metal and molybdenum mineralisation in numerous locations across the Exploration Licence, which has recently been renewed for a five-year period and has no encumbrances.

“I am excited by the potential of the Pinnacle Well project, which has significant potential to host gold and base metal mineralisation,” OZZ Resources managing director Jonathan Lea said in the company’s ASX announcement.

“This acquisition, and the rapid start to our exploration efforts since listing, emphasises our commitment to our corporate strategy of focused assessment and improvement through portfolio regeneration.”








Saturn Metals Raises $8M to Advance Apollo Hill

THE BOURSE WHISPERER: Saturn Metals (ASX: STN) has made exploration at the company’s 100 per cent-owned Apollo Hill gold project near Leonora in Western Australia a smidge easier by way of an $8 million raising.

Saturn Metals said the funds would enable it to continue resource definition, exploration drilling and metallurgical and other pre-development studies at Apollo Hill.

Drilling undertaken at Apollo Hill to date has exposed a wide mineralised corridor over a 3.5km strike length, including results in the North of the deposit where the current drill program is underway following up on earlier encouraging results.

A further resource upgrade is anticipated to be ready for the March quarter 2022, incorporating results from drilling Saturn has conducted since January 2021, when the resource estimate was last updated, and incorporating results from the company’s current metallurgical program.

“Saturn is delighted with the level of support shown in this successful raising,” Saturn Metals managing director Ian Bamborough said in the company’s ASX announcement.

“This puts the company in an excellent position to continue to expand the boundaries of our Apollo Hill gold system.

“Drilling this year has seen multiple strong intersections extending beyond the previous resource boundary.

“Higher grades within a lengthening mineralised corridor show the potential for next level discovery and a much bigger opportunity.

“In addition, this raising enables the company to fund other exciting activities in our exploration portfolio and step up our production orientated studies.

“With a healthy balance sheet, a strengthened register, and a robust resource and exploration base from which to grow, I look forward to delivering the results flow and an exciting year ahead for Saturn Metals and its shareholders.”








Blackstone Minerals Inks Canadian Nickel Sulphide MoU

THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) announced making a strategic investment in Flying Nickel Mining Corp, a subsidiary of Vancouver-based Silver Elephant Mining Corp. (TSX: ELEF, OTCQX SILEF) in Canada.

Blackstone Minerals explained that Flying Nickel intends to list on the TSX Ventures Exchange (TSX-V) in early 2022 with its core asset being the Minago nickel sulphide project located southwest of Thompson in Manitoba, Canada.

Minago has a NI 43-101 compliant Measured and Indicated Resource of 44.23 million tonnes at 0.74 per cent nickel for 721.6 million pounds nickel, and Inferred resource of 19.55 million tonnes at 0.74 per cent nickel for 318.9 million pounds nickel.

The company described Minago as an advanced stage development asset with district scale exploration potential and excellent access to infrastructure including renewable hydro power.

Blackstone’s initial investment of C$2.98 million will earn a 6.85 per cent interest in the common equity of Flying Nickel.

Blackstone and Flying Nickel have also entered a Memorandum of Understanding, under which the companies will collaborate on the production of upstream and downstream nickel and cobalt concentrates and chemical products, potential offtake and / or joint ventures to meet demand from the growing electric vehicle battery industry.

“The known mineral endowment of the Minago asset in combination with the potential of the Ta Khoa district represents enviable scale, being highly sought after by OEMs, battery and cathode manufacturers,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“Large, disseminated nickel sulphide deposits of the size and grade of the Minago asset are difficult to find.

“The ongoing structural evolution of nickel supply chains and increasing demand for downstream nickel chemical products for the lithium-ion battery industry, is driving a unanimous view by analysts and the broader investment community that higher nickel prices are here to stay for longer.

“This means that large undeveloped opportunities such as Minago are primed to overcome previous barriers, including access to capital.

“The Flying Nickel Transaction provides Blackstone with opportunity to collaborate on the development of Minago, and confidence to inject future equity into the asset as it is progressively de-risked.

The Ta Khoa Refinery in Vietnam is a logical home for Minago concentrate.

“Manitoba, like Northern Vietnam is blessed with access to renewable hydro power.

“Shipping a high-grade concentrate minimises carbon footprint and is aligned with Blackstone’s commitment to best ESG practices and ambition to become a supplier of choice to the electric vehicle battery industry.”








VRX Silica Strikes South Korea Offtake Deal

THE BOURSE WHISPERER: VRX Silica (ASX: VRX) has struck an offtake term sheet for the supply of silica sand from the company’s Arrowsmith North silica sand project in Western Australia.

VRX Silica will supply silica sand into the foundry industry in the Republic of Korea (South Korea) to offtake partners, Dong A Heung Eop Mining Co., Ltd (Dong A) and DongNam Corporation (DongNam).

The companies are leading suppliers of sand to the foundry industry in South Korea.

Dong A is based in Busan and has been an established South Korean supplier of foundry and resin coated sand (RCS) to the foundry industry since 1965.

DongNam, established in 1965, is a supplier of RCS and cast alloy products to Hyundai Motors.

The term sheet sets out detailed terms and conditions for the supply of an aggregate 200,000 tonnes per annum of AFS55 certified foundry sand for a period of four years, with volume to be split between Dong A and DongNam.

“The term sheet is a major milestone in the journey to develop our high-quality WA silica sand projects,” VRX Silica managing director Bruce Maluish said in the company’s ASX announcement.

“We are delighted with the calibre of our first offtake partners Dong A and DongNam, given their significant industry experience and high standing in the foundry industry in South Korea.

“Both companies have shown confidence in the quality of our foundry sand product from Arrowsmith North and are very keen to convert this term sheet into a secure, long-term supply agreement.

“The South Korean foundry industry is an extensive support service for the automobile and marine industries.

“VRX’s engagement with Dong A and DongNam will expand awareness of the quality of our product in this large and important Asian market and likely lead to further inquiries from parties keen to secure supplies of Arrowsmith North silica sand.

“Importantly, this maiden term sheet vindicates VRX’s strategy to take our time to ensure production of a highly sought-after product and to secure the right customers for our silica sand.

“Market demand for the high-quality foundry sand we can produce remains very strong and, having signed up two reputable partners, will only further strengthen our credibility and position in the marketplace.

“We acknowledge that this process has taken much longer than expected and thank our shareholders for their support and patience.

“Our focus now is on converting the term sheet with Dong A and DongNam into a binding offtake agreement while progressing talks with other parties involved in the foundry sand and glass-making industries.”