Bellevue Gold Signs Renewable Power Supply Deal

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THE BOURSE WHISPERER: Bellevue Gold (ASX: BGL) is setting a green standard with the announcement of an off-grid hybrid power station to be built at the company’s Bellevue gold project in Western Australia.

Bellevue Gold has signed an Early Works Agreement with Energy Developments (EDL), a Tier-1 provider of sustainable distributed energy to build the power station.

The company said the agreement was an important step in its strategy to be powered by a forecast average of 80 per cent renewable energy each year using a wind, solar and battery hybrid power solution.

“EDL is a leader in hybrid off-grid power stations,” Bellevue Gold managing director Steve Parsons said in the company’s ASX announcement.

“Their skills and experience will help ensure we maximise the use of renewable energy at the Bellevue gold project.

“Bellevue is forecasted to be a 200,000 ounces a year gold miner with low all-in sustaining costs of $1,000 to $1,100 per ounce powered by approx. 80 per cent renewable energy, with a pathway to net zero emissions as a world-leading company in the race to decarbonise the mining sector.

“Our pre-production carbon mitigation strategy has been strategic and is world leading.

“It achieves the ‘holy grail’ of lower emissions and a direct cost reduction in power generation.

“The combination of these metrics is expected to will position Bellevue as one of the most sustainable and financially successful Australian gold miners, maximising returns for all stakeholders.

“It will also underpin the company’s strong appeal to global investors, who demand performance on both financial and ESG measures.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.bellevuegold.com.au

 

Alchemy Resources Wins Lithium Region Exploration Licence Ballot

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THE BOURSE WHISPERER: Alchemy Resources’ (ASX: ALY) numbers have come up with the company winning a recent ballot for exploration licence E28/3207 at its 100 per cent-owned Karonie lithium and gold project in Western Australia.

Alchemy Resources, via wholly-owned subsidiary Goldtribe Corporation Pty Ltd, won a ballot for exploration licence application (E28/3207).

The company explained this tenement forms part of Alchemy’s Karonie project and is located 120 kilometres to the east of Kalgoorlie and is contiguous with both Global Lithium (ASX: GL1) to the east and Breaker Resources (ASX: BRB) to the north.

“E28/3207 is strategically located on the doorstep of Global Lithium Resources’ Manna deposit, and along strike of Breaker Resources’ Lake Roe deposit,” Alchemy Resources CEO James Wilson said in the company’s ASX announcement.

“The acquisition of this tenement builds on our footprint of highly prospective and strategic tenure which sits in proximity to some of the most prolific lithium and gold projects in Western Australia.

“The new lease covers 24.8 square kilometres of greenstone and intrusive units and has seen limited drill testing with modern exploration methods.

“We are delighted to have secured this ground and look forward to starting work as soon as the tenement is granted.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.alchemyresources.com.au

 

 

Kin Mining Cashed up and Ready to Roll at Cardinia Gold Project

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THE BOURSE WHISPERER: Kin Mining (ASX: KIN) is ready to commence the next stage of development at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining’s preparedness comes from the completion of a capital raising of approximately $20.4 million to underpin the next phase of growth at CGP.

The raising comprised a placement of approximately 129.9 million shares at 7.5 cents to raise $9.7 million and a proposed non-renounceable entitlement offer, also at 7.5 cents, to raise an additional $10.7 million.

The company said the funds will strengthen the balance sheet and place it in a strong position to complete the next phase of growth at the CGP.

This will entail following up on new discoveries and targets Kin has identified via exploration campaigns over the past three years that will include the developing discoveries along the Eastern Corridor (Cardinia Hill, East Lynne, Rangoon, Fiona and Helens East) as well as multiple new prospects which have been identified.

“While the past three years have been busy, exciting and rewarding – with nearly 200,000 metres of drilling completed and an additional 494,00 ounces of Mineral Resources added – we know that the company’s properties are located in an exciting and well sought-after mineral field and remain convinced that our tenure will yield further significant discoveries,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The geological and technical advances made across the company’s prospects, particularly at Cardinia, with the use of modern geophysics and detailed geological data collection, has transformed our understanding of the field.

“Armed with this knowledge and our expanding geochemical, geophysical, and drilling database, we believe Kin can continue to identify new, shallow deposits that are the surface expression of larger and higher-grade mineralisation in the underlying fresh rock.

“We have plans to drill significant new targets throughout the next 12 months across a range of established and new prospects, as well as assessing other opportunities within the broader Leonora district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Calidus Resources Banks $20M to Fund Growth Projects

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THE BOURSE WHISPERER: Calidus Resources (ASX: CAI) has increased its fighting fund by the tune of $20 million via a share placement to professional and sophisticated investors through the issue of approx. 29.8 million shares at a price of 67 cents per share.

Calidus Resources said the placement resulted in new institutional shareholders joining the cause along with its largest shareholder, Alkane Resources (ASX: ALK), chipping in for $3 million in support.

The company has earmarked the proceeds of the Placement to be used to:

• Fund an expanded lithium exploration campaign on the Pirra Lithium Joint Venture;

• Costs associated with the proposed demerger of the Pirra Lithium Joint Venture that was announced in June.

• Gold exploration that will include: A Geophysical survey at Blue Spec West; Drilling programs at Blue Spec East, Blue Spec West, Marble Bar, Fieldings Gully and Klondyke Boulder; and Pursuit of potential earn-in’s on nearby known deposits held by third parties;

• Blue Spec early works including the finalisation of permitting, securing available accommodation units and installation of water and communications; and

• Warrawoona plant expansion works, aiming to increase current throughput by up to 20 per cent to 100,000 ounces per annum.

“I would like to thank existing shareholders for their continued support and welcome some new, high-quality institutions to our register,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“Operations at Warrawoona continue to ramp up well with nameplate production due during this quarter.

“But with the initial cashflow committed to reducing debt, this additional capital will allow us to immediately accelerate our strategy to unlock our growth projects, which have potential to generate significant returns for shareholders.

“These growth projects include plans for drilling at lithium and gold prospects, commencing early works at Blue Spec and expanding the throughput of the Warrawoona Mill to treat fresh material at 20 per cent above nameplate capacity.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

 

E79 Gold Mines Takes Full Control of Pinjin Gold Project

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THE BOURSE WHISPERER: E79 Gold Mines (ASX: E79) has taken 100 per cent-ownership of the Pinjin gold project, within the company’s broader Laverton South gold project area.

E79 Gold had originally acquired the Pinjin tenements through a Joint Venture with St Barbara, under which it was earning an initial 80 per cent interest in the project.

St Barbara has now elected to relinquish its remaining interest, allowing E79 Gold to acquire the whole box and dice.

“We are pleased to take full control of the Pinjin project, giving E79 Gold 100 per cent ownership of the overall Laverton South project,” E79 Gold CEO Ned Summerhayes said in the company’s ASX announcement.

“We would like to thank St Barbara personnel for their help and support, and for giving E79 Gold the opportunity to explore on this ground.

“The Pinjin area has a long history of gold exploration and discovery and we are looking forward to continuing exploration and unlocking the significant potential of the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@e79gold.com.au

 

Web: www.e79gold.com.au

 

 

Mt Monger Resources Completes First Stage of East Laverton Earn-in

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THE BOURSE WHISPERER: Mt Monger Resources (ASX: MTM) announced completion of the minimum commitment of exploration expenditure covering part of the company’s East Laverton project in Western Australia.

Mt Monger has advised Tevel Pty Ltd of the completion during the initial 12 month period of the Earn In and Joint Venture agreement between the two companies.

Mt Monger will now continue with the Stage 1 Earn In under the Agreement.

Mt Monger has an Earn In and Joint Venture agreement with Tevel to explore three exploration licences within the East Laverton project, an area it considers prospective for gold and nickel mineralisation and includes ground where exploration has indicated the presence of anomalous light rare earth elements (REE).

“We are very pleased to have met this initial milestone on the Tevel exploration licences at East Laverton,” Mt Monger Resources managing director Lachlan Reynolds said in the company’s ASX announcement.

“Over the past year our team has completed several work programs and has successfully confirmed the exploration potential of the ground, particularly for rare earth elements.

“We look forward to working with Tevel as the company continues its exploration of the area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mtmongerresources.com

 

Web: www.mtmongerresources.com

 

Technology Metals Australia Conducts Vanadium Electrolyte Study to Supply Australian Batteries

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THE BOURSE WHISPERER: Technology Metals Australia (ASX: TMT) informed the market of its intention to commence a feasibility study for production of vanadium electrolyte in Australia.

Technology Metals explained the proposed plant would utilise the high purity vanadium pentoxide to be extracted from the company’s Murchison Technology Metals project (MTMP) in Western Australia to produce vanadium electrolyte to support the growing market for longer duration energy storage batteries in Australia (vanadium redox flow batteries or VRFB).

“As we move closer to a development decision on the MTMP vanadium project, we are increasing our focus on these downstream project enhancement initiatives,” Technology Metals managing director Ian Prentice said in the company’s ASX announcement.

“With an increased need for optimisation of renewable energy generation, there is a growing market for longer duration battery storage technologies such as vanadium redox flow batteries.

“With Technology Metals on track to be the world’s next pure low cost vanadium producer, the Company is well placed to become the preferred supplier of vanadium for these batteries.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: investos@tmtlimited.com.au

 

Web: www.tmtlimited.com.au

 

Matsa Resources Welcomes IGO Interest in Fraser Range Tenements

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THE BOURSE WHISPERER: Matsa Resources (ASX: MAT) has struck a new agreement with IGO, via the latter’s wholly owned subsidiary.

Matsa Resources announced IGO Newsearch will acquire a 70 per cent interest in the Symons Hill project as well as Matsa’s other Fraser Range tenements.

Under the terms of the agreement IGO will pay $600,000 in cash and then free carry Matsa for all exploration to completion of feasibility studies or decision to mine whichever occurs earlier.

“This transaction enables IGO to have unfettered access to any part of Matsa’s Fraser Range landholding and explore the tenements to the fullest extent without specific time or cost demands,” Matsa Resources executive chairman Paul Poli said in the company’s ASX announcement.

“It provides Matsa with a cash boost as well as receiving the expert knowledge and exploration experience of the IGO team which is second to none.

“Matsa welcomes IGO’s exploration knowhow and capabilities throughout its Fraser Range tenement holdings.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

 

Web: www.matsa.com.au

 

 

Austral Resources Enters Exploration Earn-in Agreements with Glencore

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THE BOURSE WHISPERER: Austral Resources (ASX: AR1) has struck reciprocal non-binding exploration earn-in agreements with MIM, a subsidiary of Glencore.

Austral Resources explained the reciprocal nature of the Earn-in Agreements will allow for:

(1) MIM to explore 330 square kilometres of Austral EPMs (within JV Area) surrounding MIM’s Lady Loretta zinc, lead, silver Mine and Austral’s Lady Annie copper Mine, and;

(2) Austral to explore for copper oxide over MIM’s 116sqkm neighbouring Russell Fault tenement (EPM26435).

Under the terms of the agreements, MIM will have the rights to earn-in up to a 65 per cent interest of Austral’s JV EPM’s by spending $6.3 million over four years.

Austral retains the right to explore for and commercially exploit oxide copper ore within the Exploration Area.

Additionally, Austral is entitled to earn-in up to 65 per cent interest within MIM’s Russell Fault EPM by spending $2 million over four years, effectively increasing the company’s copper exploration area by 116sqkm.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

“We are excited to collaborate with Glencore on this exploration JV in Queensland’s Northwest Minerals Province,” Austral Resources CEO Steve Tambanis said in the company’s ASX announcement.

“Both parties hold a significant tenure position within the region, and it makes absolute sense to combine the tenure for an intensive exploration program.

“Glencore are our offtake partners for 40,000 tonnes of our Anthill copper cathode and we look forward to working together from an exploration perspective.

“This is a win-win transaction for both Austral and Glencore with the potential to discover new orebodies that can extend operations of both companies in the region.

“Glencore is focussed on discovering new base/precious metal orebodies in this metal-rich area and Austral believes there is excellent potential to define additional oxide copper resources to be processed at its nearby Mt Kelly SXEW plant.

“The prospectivity of the area has been significantly enhanced by two new geophysical datasets (Heli-VTEM and a separate fixed wing Falcon Gravity survey) flown by Glencore in late 2021 and processed earlier this year.

“This new data has generated a number of priority targets for the JV and drilling is expected to commence within months.

“Of note, Austral has retained its rights to explore for oxide copper mineralisation on its own tenure and has negotiated the right to explore MIM’s tenure for oxide copper mineralisation.

“We believe that the increased drilling activity in this area will yield more shallow copper oxide mineralisation.

Of Austral’s 2,100 square kilometres of EPM tenure, this Earn-in agreement applies to a 330 square kilometres portion immediately about the Lady Loretta Mine.

“Austral retains 1,800 square kilometres of EPMs for other exploration initiatives.

“Austral recently commenced processing ore from its Anthill Copper Mine – building to rate of 10,000 tonnes per annum of copper cathode from mid-2022 for a four-year period.

“This will now allow the company to increase the pace of its exploration and development activities.”

 

 

Email: admin@australres.com

 

Web: www.australres.com

 

Meteoric Resources to Sell Juruena Gold Project for $30M

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THE BOURSE WHISPERER: Meteoric Resources (ASX: MEI) is set to be $30 million to the good after announcing a deal to sell the company’s Juruena gold project in Brazil.

Meteoric Resources is selling Juruena with a price tag of US$22 million to Keystone Resources Ltd, a wholly-owned subsidiary of Alchemist Investments Inc., a holding group with experience in developing mines globally, including Brazil.

Meteoric signalled the deal will allow it to accelerate the development of its Palm Springs gold project in Western Australia whilst seeking further acquisition and investment in complimentary resources projects.

“We are pleased to announce the sale of our Juruena gold project in Brazil for up to US$22,000,000,” Meteoric Resources managing director Andrew Tunks said in the company’s ASX announcement.

“I am very proud of the work we have completed in firstly identifying then securing Juruena followed by our successful exploration of the project over the past three years.

“During this time the team has produced some truly amazing drilling results ultimately resulting in a substantial Mineral Resource of 1.9 million tonnes at 6.3 grams per tonne gold for 387,000 ounces.

“We consider this the ideal moment at which the pass Juruena to a group far better placed than ourselves to now develop the project, allowing Meteoric to focus on what it does best, which is the identification, acquisition and advancement of projects through high quality exploration focusing on results generated at the drill bit.”

The company also announced that Tunks will be standing down as managing director.

“Having delivered this result for shareholders, I feel this is the right time for me to step down from the position of managing director into a non-executive director role,” Tunks said.

“I personally would like to thank shareholders and the Board for the opportunity to lead Meteoric since 2018.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@meteoric.com.au

Web: www.meteoric.com.au