Bellevue Gold Releases Maiden Resource

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THE BOURSE WHISPERER: Bellevue Gold (ASX: BGL) released a maiden JORC 2012 resource estimate for the company’s Bellevue gold project in Western Australia.

Bellevue Gold said the maiden resource estimate covers the project’s Western Corridor deposits including Southern Belle and, Tribune Lodes, and the Bellevue and Hamilton lode systems in the Bellevue Surrounds area.

All resources are reported at a 3.5 grams per tonne gold lower cut off, which the company considers acceptable based on approximate industry costings associated with the likely, narrow vein underground, mining method it intends implementing.

The maiden independent JORC Inferred Resource Estimate at the Bellevue gold project has come in at 1.9 million tonnes at 8.2g/t gold for 500,000 ounces.

The Resources sits from surface and remains open with 90 per cent sitting within the top 450 metres.

It sits adjacent to existing historical underground workings, which the company views as having scope for quick expansion.

Work to date has achieved gold recoveries up to 98.8 per cent.

The company highlighted that a recently announced high-grade gold discovery directly below the Bellevue underground workings is not included in this estimate.

This discovery returned drill results, including: 3.4m at 10.4g/t gold and 2.5m at 13.1g/t gold.

“We are very pleased to be able to report this sizable high-grade maiden independent gold resource estimate for the Bellevue Gold Project,” Bellevue Gold executive director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“We view this very much an interim resource, with significant scope to delineate further high-grade gold ounces from the current step-out drilling underway at both the Tribune Lode and new Bellevue extension discovery.

“With ongoing drilling over the next few months, we anticipate strong news flow and expect to upgrade the resource estimate later this year.”

 

Email: admin@bellevuegold.com.au

Website: www.bellevuegold.com.au

 

Ventnor Resources Acquires Muchea Silica Sand Project 100 per cent

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THE BOURSE WHISPERER: Ventnor Resources (ASX: VRX) has entered into a new agreement with Australian Silica Pty Ltd to immediately acquire 100 per cent of the Muchea silica sand project in Western Australia.

Ventnor Resources explained the agreement is in lieu of an option arrangement it previously announced to ASX on 26 March 2018.

The Muchea project is a potentially high-grade, high tonnage silica sand project located near Muchea, 50 kilometres north of Perth and is strategically adjacent to Brand Highway and a rail connection to Kwinana port for bulk handling.

The company anticipates the Muchea project will complement the 350 square kilometres of tenements it already holds at the Arrowsmith silica sand project.

In addition, Ventnor has received firm commitments for a capital raising of $2.4 million from professional and sophisticated investors by the issue of 40 million shares at six cents each, including $207,000 (3.45 million shares) been committed by Ventnor directors, subject to shareholder approval.

“Under the new transaction structure, ASX has confirmed that the company is no longer required to re-comply with ASX’s admission requirements for the re-listing of the company and is working with ASX towards the lifting of its current suspension and the recommencement of trading in its shares on ASX as soon as possible,” Ventnor Resources said in its ASX announcement.

 

Email: info@ventnorresources.com.au

Website: www.ventnorresources.com.au

 

Draig Resources now known as Bellevue Gold

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THE BOURSE WHISPERER: Draig Resources (ASX: DRG) announced a name change to Bellevue Gold Limited (ASX: BGL).

There’s nothing more confusing than waking up to an ASX ticker in your watchlist that wasn’t there yesterday.

But, that’s what happened today with Draig announcing its new handle in a brief declaration to the ASX.

Although the names have changed, the song remains the same, and we were fortunate enough to catch up with company MD Steve Parsons to discuss progress at the Bellevue Mine and the Tribune gold discovery.

CLICK HERE: To read more about Bellevue Gold’s recent activities.

 

Email: admin@draigresources.com.au

Website: www.bellevuegold.com.au

 

Pioneer Resources has Sinclair Mine Plan approved

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THE BOURSE WHISPERER: Pioneer Resources (ASX: PIO) announced it has received government approval for the mining plan for the Sinclair caesium mine.

The Sinclair mine is part of the company’s 100 per cent-owned Pioneer Dome project in the Eastern Goldfields of Western Australia, which includes the Sinclair Zone Caesium Deposit.

Pioneer Resources said it the Western Australia Department of Mines Industrial Relations and Safety had given its approval the project’s Mining Proposal, including Mine Plan and Mine Closure Plan, as well as the Project Management Plan.

These add to the advancements already achieved at the project, including nomination of a Preferred Mining Contractor.

Dates for the commencement of mining will now be firmed up, as too will the commencement of infrastructure establishment and ground preparation that are scheduled to start during August 2018.

These include construction of site access, mobilisation of site buildings, site clearing, soil stockpiles and first blast drilling.

The Mine Fleet mobilisation is planned for September 2018.

“With the receipt of the Mining Proposal and Project Management Plan approvals, the company will complete final documentation with the State and Contractors, and work to a Commencement of Mining Operation start-date during the September quarter,” Pioneer Resources managing director David Crook said in the company’s announcement to the Australian Securities Exchange.

 

CLICK HERE: To read more about Pioneer Resources Sinclair Caesium mine.

 

Email: info@pioresources.com.au

Website: www.pioresources.com.au

 

Alto Metals Lodges Mining Lease Applications

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THE BOURSE WHISPERER: Alto Metals has lodge a Mining Lease Application (MLA) over the Indomitable Camp deposits at the company’s Sandstone gold project in Western Australia.

Alto Metals has lodged the application, confident of a positive outcome to the current Scoping Study being carried out on the deposits.

Results from aircore drilling programs in 2017 and 2018 have led Alto to consider there to be an opportunity to commence open pit mining operations over several shallow oxide and primary gold deposits in the project’s Indomitable and Vanguard Camps.

“Alto has commissioned Carras Mining Pty Ltd to undertake Mineral Resource estimates of Tiger Moth, Piper, Indomitable and Vanguard, to form the basis of scoping study,” Alto Metals said in its ASX announcement.

“In anticipation of a positive outcome, and to minimise any delay, Alto has lodged a Mining Lease application over the Indomitable Camp deposits with the Department of Mines, Industry Regulation and Safety (DMIRS).

“Over the September Quarter of 2018, Alto expects to undertake drilling to collect samples for metallurgical testwork and other studies and will investigate processing options.

“The testwork and studies will occur in parallel with continued drill testing and exploration of a number of advanced gold-in-soil and litho-structural targets.”

 

Email: admin@altometals.com.au

Website: www.altometals.com.au

Galena Mining Granted Lease Covering Vital Infrastructure

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THE BOURSE WHISPERER: Galena Mining (ASX: G1A) has had a General Purpose (GP) Lease granted for all planned mine processing facilities and supporting infrastructure for the company’s Abra base metal project in the Gascoyne region of Western Australia.

Galena Mining said the granting of the lease, which includes administration, mine camp and airstrip was important in terms of maintaining momentum towards development.

The company indicated process engineering as a significant component of the ongoing Pre-Feasibility Study (PFS) and having a permitted area for the associated infrastructure further de-risks the project.

“The granting of our GP lease is significant in that it provides security over the area adjoining the granted mining lease, which contains the Abra deposit, and enables us to expedite planning towards production,” Galena Mining CEO Ed Turner said in the company’s announcement to the Australian Securities Exchange.

“The PFS is on track towards completion in September.

Galena is carrying out a PFS investigating the economic viability of the Abra lead-silver-copper-gold deposit.

Besides the lease granting, other PFS components are well advanced and on track for completion in September 2018.

These include Mining Studies covering scheduling, production ramp-up and rates as well as integrating infill drilling that is aiming to convert additional tonnes of Inferred Resources to Indicated.

 

Email: admin@galenamining.com.au

Website: www.galenamining.com.au

 

Lithium Australia Subsidiary Commences Production of Lithium-ion Cathode Material

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THE BOURSE WHISPERER: Lithium Australia announced the first cathode material produced at VSPC’s re-commissioned pilot plant in Brisbane destined for delivery to international battery makers in Q4 2018.

A Lithium Australia subsidiary, VSPC is a specialist battery-component research and development laboratory.

The latter’s pilot production facilities in Brisbane are now fully re-commissioned, and lithium-iron-phosphate (LFP) battery cathode material is being produced.

International battery makers have previously shown strong interest in VSPC’s 4th-generation LFP cathode material.

Tests completed late in 2017, demonstrated the performance of VSPC’s cathode material exceeded that of an industry standard material.

With its electrochemical laboratory facilities now fully operational, the quality and consistency of VSPC’s pilot-production materials are currently being verified via the company’s advanced, on-site electrochemical testing facilities, the capabilities of which include the ability to assemble and test lithium-ion coin and pouch cells.

“VSPC gives Lithium Australia the opportunity to manufacture the world’s most advanced cathode materials – at the high-margin end of the battery metals market,” Lithium Australia managing director Adrian Griffin said in the company’s announcement to the Australian Securities Exchange.

“Importantly, VSPC will also allow us to capitalise on waste batteries as a feed source.

“We anticipate immense pressure on the supply of energy metals such as lithium and cobalt in the near future.

“Battery recycling not only supports sustainability but may also, ultimately, prove the cheapest source of those energy metals materials in years to come.

“The ability to produce cathode powders from these materials, while also controlling particle size, is clearly advantageous.

“It is an integral part of our sustainable and ethical supply policy.”

 

Email: info@lithium-au.com

Website: www.lithium-au.com

 

Triangle Energy Now Registered Operator at Cliff Head

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THE BOURSE WHISPERER: Triangle Energy (ASX: TEG) via its operating affiliate Triangle Energy (Operations) Pty Ltd (TEO) has become Registered Operator of the Cliff Head Joint Venture onshore and offshore facilities, located in the Perth Basin approximately 300 kilometres north of Perth.

Triangle became the majority (78.75%) owner and operator of Cliff Head in May 2017, at which time a third party contractor was the Registered Operator of the facilities on behalf of the Joint Venture.

To become the Registered Operator, TEO developed two Safety Cases for the Cliff Head facilities that were accepted and approved by the relevant Regulatory Authorites: The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for the onshore Arrowsmith Stabilisation Plant (ASP), and the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for the offshore Cliff Head Alpha Platform.

Triangle Energy said that the Approval of the Safety Cases demonstrates that TEO, as the new Operator of Cliff Head, has properly identified hazards and risks, can describe how the risks are controlled, and has defined the safety management system in place to ensure these controls are effectively and consistently applied.

Triangle commissioned a full and independent Operational Readiness Review to strengthen its accountability as the Registered Operator.

The review will ensure TEO is capable to not only comply with the approved Safety Cases but also has the full suite of processes, systems and competent people to execute production operations upon operatorship handover.

“Benefits of being the Reigstered Operator include more effective communication between the operation and management, improved response times to opportunities or issues, and increased in-house knowledge and accountability,” Triangle Energy managing director Rob Towner said in the company’s announcement to the Australian Securities Exchange.

“Strategically, operational control will allow Triangle to drive systemic changes to the Cliff Head Operation, including updating maintenance plans and optimising operating models, all of which will yield sustainable cost savings and increased margins.

“The Safety Cases are tailored for maintaining the integrity of the operation and demonstrate that we know the risks and can manage them effectively.

“Approval of the two comprehensive Safety Cases is a great achievement and I’d like to thank everyone involved in developing these documents, liaising with DMIRS and NOPSEMA, and helping Triangle become the Registered Operator of its own assets.”

 

Email: admin@triangleenergy.com.au

Website: www.triangleenergy.com.au

 

Impact Minerals Strikes Broken Hill Joint Venture

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has signed a binding Letter of Intent (LOI) to Joint Venture the company’s Broken Hill project with TSX Venture exchange-listed BlueBird Battery Metals Incorporated (TSX: V BATT).

Impact Minerals explained that under the terms of the farm-in BlueBird has the right to earn a 75 per cent interest in the five Exploration Licences that comprise the Broken Hill project by payments of cash and shares and exploration expenditures totalling CAD$5.525 million (at the last closing price of BlueBird shares of CAD$0.50).

“We are very pleased to partner with BlueBird Battery Metals on the Broken Hill project,” Impact Mineral managing director Dr Mike Jones said in the company’s announcement to the Australian Securities Exchange.

“The management of BlueBird have a strong track record in exploration discovery and resource development and they are committed to exploration success on their Australian portfolio.

“They have chosen to focus on the Broken Hill project because of its prospectivity for a wide range of metals that will form a critical part of the emerging market for batteries and renewable energy sources and we look forward to working with them on their exploration program.

“This will include early drilling on the targets Impact has already identified.

“Our partnership with BlueBird is also a successful outcome of the strategic review of our portfolio completed earlier this year and which has also led to the recently announced sale of our Pilbara gold project and drill programs at our Commonwealth project in New South Wales and Clermont project in Queensland.

“All of this forms part of our overall strategy of generating first class projects and finding partners where appropriate.”

The Impact and BlueBird deal entails a unique agreement that protects Impact’s shareholding in the short term from any down side movement in BlueBirds share price and also allows BlueBird a short to medium term right to buy back one third of the shares issued to Impact at a price of CAD$0.75 per share and a further one third at CAD$1.25 per share.

 

Email: info@impactminerals.com.au

Website: www.impactminerals.com.au

 

Rox Resources Exercises Gold and Nickel Tenement Options

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THE BOURSE WHISPERER: Rox Resources (ASX: RXL) exercised an option to purchase two tenements at the company’s Fisher East nickel and Mt Fisher gold projects, located 500 kilometres north of Kalgoorlie in Western Australia.

Rox Resources explained the tenements, situated along strike to the south of known nickel and gold zones on existing Rox tenements, were subject to an Option to Purchase Agreement struck in 2014.

“These two tenements are key strategic assets to our nickel and gold projects at Fisher East and Mt Fisher respectively,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.

“They represent highly-prospective areas where we have identified strong indications of mineralization, and I am confident that we will make further discoveries, which will allow mineral resources to be defined.”

The Fisher East nickel project hosts a Mineral Resource of 2 million tonnes at 2.5 per cent nickel for 50,600 tonnes of contained nickel at Camelwood, Cannonball and Musket, with a fourth deposit, Sabre, yet to be drilled out.

The first of the new tenements, E53/1802, is located along strike to the south of Rox’s existing Sabre nickel sulphide discovery and covers 10km of the prospective ultramafic horizon, now providing Rox with a total 40km strike length of that favourable stratigraphy.

Work since the option by Rox was announced has identified nickel and copper geochemical anomalies on E53/1802, with fresh nickel sulphides intersected in aircore drilling at the Mt Tate prospect coincident with an EM anomaly.

Further drilling at Mt Tate, and other prospects within E53/1802 is planned over the coming months.

The second tenement, E53/1788, is located along strike to the south of a 7km long gold-in-regolith anomaly currently held by Rox at the Dam and Dirks prospects, which also hosts the Shiva gold prospect, where a recent aircore drilling program identified a 500m long continuous zone of gold anomalism, extending the potential gold-bearing corridor to more than 10km.

Under the terms of the Option the exercise price is $600,000 cash.

 

Email: admin@roxresources.com.au

Website: www.roxresources.com.au