Miramar Resources Expands Glandore Project

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THE BOURSE WHISPERER: Miramar Resources (ASX: M2R) has expanded the land position of the company’s 100 per cent-owned Glandore project in the Eastern Goldfields region of Western Australia.

Miramar Resources applied for a new Exploration Licence, E25/611, immediately adjacent to its existing Glandore project tenements that is located along strike to the northeast from the Glandore West and Glandore East targets, where high-grade mineralisation up to 4m at 44.3 grams per tonne gold was intersected by historic diamond drilling.

“Our drilling to date has highlighted northeast trending gold mineralisation over about two kilometres of strike, similar to that seen at the nearby Majestic and Trojan gold deposits,” Miramar Resources executive chairman Allan Kelly said in the company’s ASX announcement.

“The new tenement application covers similar geology along strike from the historic high-grade diamond drilling results at Glandore East, so was an obvious piece of ground for us to pursue.”

Miramar explained it is planning to complete a diamond drilling program at the Glandore East target and is currently waiting on availability of a suitable drill rig to do so.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@miramarresources.com.au

 

Web: www.miramarresources.com.au

 

Azure Minerals to Sell Mexican Assets for $20 million

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THE BOURSE WHISPERER: Azure Minerals (ASX: AZS) is about to be much richer to the tune of $20 million having entered binding, conditional sale agreements to sell its subsidiary companies that own and operate the company’s Mexican precious and base metals projects to Bendito Resources Inc.

On completion of the deal Azure will bank $10 cash and hold the same amount’s worth of equity in Bendito, which intends listing on the Toronto Stock Exchange within 18 months of completion of the transaction with the Alacrán, Oposura and Promontorio projects forming the company’s core assets.

Alacrán, Oposura and Promontorio are located within the Laramide Copper Province, North America’s most prolific copper-producing district.

“This is a great outcome for Azure and our shareholders,” Azure Minerals managing director Tony Rovira said in the company’s ASX announcement.

“We have realised a significant cash return for the assets while retaining exposure to the upside as the projects are further developed.

“We still see potential in these high-quality, advanced-stage projects and it makes sense for them to sit within a dedicated special purpose group focused solely on Mexico, which can take them through development funded by the North American capital markets.

“The team behind Bendito have a successful track record of identifying, acquiring, developing and operating projects, so retaining exposure to these assets that we know so well should be both exciting and rewarding for Azure shareholders.

“With these extra funds, we will accelerate activities on our Andover nickel-copper project in WA which is proving to be a company-maker for Azure as we progress along the dual pathways of growing the mineral resources and advancing the development studies.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@azureminerals.com.au

 

Web: www.azureminerals.com.au

 

Impact Minerals Acquires New Project for Battery and Strategic Metals

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THE BOURSE WHISPERER: Impact Minerals (ASX: IPT) has acquired a new project it considers prospective for a range of battery and strategic metals sitting close to the Greenbushes lithium-tantalum mine in the southwest Western Australia.

As consideration for a 100 per cent interest in the project, Impact has paid $20,000 cash to the vendor, and will issue three million unlisted options exercisable at 2.4 cents with a three year term.

The Dinninup project comprises four exploration licences covering about 485 square kilometres (E70/5842, E70/6111, E70/6112 and E70/6113).

As part of its due diligence process, Impact utilised in-house geophysical data to identify several areas of interest for follow up.

New targets identified at Dinninup, include: three new priority nickel-copper-platinum group elements (PGE)-gold targets; two lithium-caesium-tantalum targets; and four rare earth elements (REE) targets.

“The Dinninup project adds further significant value to our early project portfolio in southwest Western Australia,” Impact Minerals managing director Dr Mike Jones said in the company’s ASX announcement.

“Once again, our initial soil geochemistry results indicate untapped potential for a range of battery and strategic metals in this part of the state in an area where there has only been previous exploration for bauxite.

“The strong lithium anomalies are particularly exciting given our proximity to the world-class Greenbushes mine just 60 kilometres to the east and with similar geology.

“Together with our flagship Arkun-Jumbo project Impact has identified a significant number of areas for follow up work in the region and we are continuing to negotiate land access agreements to gain access to the priority targets.”

 

 

 

Email: info@impactminerals.com.au

 

Web: www.impactminerals.com.au

 

Corazon Mining Progresses Miriam Project Acquisition

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THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has further progressed its rights to acquire 100 per cent of the Miriam nickel sulphide project near Coolgardie in Western Australia.

Corazon announced an agreement with the project vendor in 2021 to acquire the Miriam project, since when the company has now completed Stage 2 of the acquisition.

Having completed Stage 2 Corazon is now entitled to 100 per cent of the project taking sole control and management on behalf of all parties, with the vendor retaining the right to mine mullock dumps for gold mineralisation and to metal detect on the area for the first three years post granting of the relevant tenure.

Corazon considers Miriam a highly prospective nickel exploration project that represents a strategic addition to its portfolio of nickel sulphide assets.

“Corazon is enthusiastic about the project’s exploration potential,” Corazon Mining said in its ASX announcement.

“Drilling undertaken predominantly in the 1960s and 1970s at the Miriam nickel deposit intersected ‘high nickel tenor’ massive and disseminated sulphides.

“Corazon has highlighted extensions to areas of known mineralisation as the initial priority exploration focus.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Ausgold and Cygnus Gold Strike Stanley Farm-in Agreement

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THE BOURSE WHISPERER: Ausgold (ASX: AUC) and Cygnus Gold (ASX:CY5) have inked a Farm-in Agreement regarding the latter’s Stanley gold project, located 25 kilometres northeast of the former’s 100 per cent-owned Katanning gold project in Western Australia.

Under the terms of the agreement, Ausgold has the right to earn up to an 85 per cent interest in the project over three years by spending:

$500,000 over 24 months to earn 51 per cent; and
A further $250,000 in the final 12 month period to earn an additional 34 per cent interest.

The Stanley gold project comprises two exploration licences E70/5131 and E70/4787 covering approximately 233 square kilometres of the northern Katanning Greenstone Belt.

Past drilling at the project has intersected gold grades of note.

Six advanced drill-ready targets, including those adjacent to Ausgold’s extensive ground position, have previously been identified by way of recently collected geophysics, geochemistry and drilling activities.

Ausgold considers the project’s a large, mineralised strike length demonstrates potential for large scale discovery in a relatively underexplored region.

“The Farm-in Agreement with Cygnus adds a district-scale option that supports our ambition to establish a multi-million-ounce Resource position at Katanning,” Ausgold managing director Matthew Greentree said in the company’s ASX announcement

“The greater Katanning area is under-explored and based on previous work, we see no reason why the region cannot host additional Katanning central zone high-grade style discoveries.

“Ausgold has already established a 1.84 million ounces Resource at Katanning and is well funded to leverage this experience to unlock the potential of the broader Katanning district.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@ausgoldlimited.com

 

Web: www.ausgoldlimited.com

 

Lithium Energy Receives Second Argentine EIA Approval

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THE BOURSE WHISPERER: Lithium Energy (ASX: LEL) has gained a second Environmental Impact Assessment (EIA) approval from the local Jujuy Provincial Government Mining Authority to undertake exploration works at the company’s Solaroz lithium brine project in Argentina.

The second approval will allow Lithium Energy to commence exploration works on the Mario Angel tenement, which is located at the western side of the Salar de Olaroz basin.

Mario Angel is approx. six kilometres west from the Allkem’s lithium brine production bore fields used for extraction of lithium brine from the Olaroz Salar for subsequent processing at Allkem’s Olaroz Lithium Processing Facility.

Mario Angel is the second of eight mineral tenements located in the Olaroz Salar held by Lithium Energy.

The company anticipates this second EIA approval will result in approvals for the remaining six tenements to be received shortly.

“The receipt of the second of the Government approvals to start exploration at Solaroz is another important milestone for Lithium Energy and a further positive endorsement by the Argentinian Government Authorities of the Solaroz lithium project,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@lithiumenergy.com.au

Web: www.lithiumenergy.com.au

 

 

Musgrave Minerals Acquisition Flexes Murchison Muscle

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THE BOURSE WHISPERER: Musgrave Minerals (ASX: MGV) via its subsidiary Musgrave Exploration Pty Ltd has entered a Sale and Purchase Agreement with Eastern Goldfields Exploration to acquire a 100 per cent interest in tenements that comprise the Mt Magnet South project.

The Mt Magnet South project is located within trucking distance of Musgrave’s Cue gold project in Western Australia’s Murchison goldfields and just five kilometres south of the township of Mt Magnet.

The Mt Magnet South project is made up of a group of 19 semi-contiguous prospecting and exploration licences covering an area of approximately 294 square kilometres, which almost doubles Musgrave’s landholding in the Murchison.

The project is an early stage, under-explored greenfield opportunity, in a good location with nearby infrastructure.

Musgrave believes the project provides an additional opportunity for it to apply the exploration learnings it has gleaned from its discovery success 40km to the north at the Cue project to make further discoveries in the Murchison.

The company said future discoveries have the potential to add to its growing resource base in the region, enhancing the value of the Cue project.

“This opportunity grows Musgrave’s landholding by adding further prospective ground in the region,” Musgrave Minerals managing director Rob Waugh said in the company’s ASX announcement.

“The new project area is directly along strike from Ramelius’ Mt Magnet operations and provides the opportunity for Musgrave to continue to utilise its exploration expertise to make further discoveries in the region.

“The acquisition maintains our alignment with the strategy to grow the resource base at Cue in the near-term while generating a pipeline of longer-term projects and opportunities.”

Musgrave is now compiling historical data that is being digitised, plotted and reviewed in detail to enhance targeting.

A regional gravity survey will be undertaken and integrated with existing aeromagnetic data, and geological and geochemical datasets to enhance drill planning to test high-priority basement gold targets.

Musgrave’s stated objective at Mt Magnet South is to define, through discovery, a pipeline of additional high-grade gold resources that that can be economically trucked the 40km north to a potential future operations hub at Musgrave’s mainstay Cue gold project.

Musgrave outlined its strategy as being to identify and secure additional early-stage exploration ground in the region to build on the company’s success at Cue and maintain a long-term pipeline of opportunities.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@musgraveminerals.com.au

 

Web: www.musgraveminerals.com.au

 

Global Lithium Resources Banks $30M and Adds New Cornerstone Investor

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THE BOURSE WHISPERER: Global Lithium Resources (ASX: GL1) announced it has received firm commitments for a $29.9 million capital raising.

Global Lithium Resources indicated the funds will underpin acceleration of exploration programs and associated study work at the company’s Western Australia-based projects: the Marble Bar lithium project (MBLP) in the Pilbara; and the Manna lithium project east of the Goldfields.

The capital raising was strongly supported by global institutions and included the introduction of Mineral Resources (ASX: MIN) as a cornerstone shareholder with that company committing to invest $13.6 million to take a five per cent interest in Global Lithium.

“As Global Lithium continues to advance our growth strategy with a significant West Australian lithium portfolio in Tier-1 locations, we are delighted to welcome Mineral Resources as a cornerstone investor in this capital raising,” Global Lithium Resources non-executive chair Warrick Hazeldine said in the company’s ASX announcement.

“Alongside Suzhou TA&A, who continues to maintain their 9.9 per cent stake, the Board is very excited about the depth of knowledge and lithium industry experience within the company and through its key stakeholders.

“We look forward to developing a long-term working relationship with Mineral Resources given the company’s unrivalled track record in successfully bringing operations into production quickly, processing of hard rock lithium ores and downstream processing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@globallithium.com.au

 

Web: www.globallithium.com.au

 

Indiana Resources Inks Native Title Agreement for Gawler Ranges

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THE BOURSE WHISPERER: Indiana Resources (ASX: IDA) has negotiated a Native Title Mining Agreement (NTMA) with the Gawler Ranges Aboriginal Corporation RNTBC that has been registered by the Department for Energy and Mining, South Australia.

Indiana Resources said the NTMA with the Gawler Ranges People, represented by the Gawler Ranges Aboriginal Corporation RNTBC, covers 12 Exploration Licences located in the southern portion of the company’s Gawler Craton portfolio which hosts the prospective Archaean greenstones of the Harris Greenstone Domain.

The area hosts several established targets including Double Dutch, Earea Dam, Moolkra, Yerda and Renton.

Indiana has a review underway to refine and prioritise these targets ahead of the commencement of exploration following the receipt of all necessary approvals.

“This NTMA is a major step towards unlocking the southern corridor of our Gawler Craton portfolio, and we look forward to working with the Gawler Ranges People to advance our plans,” Indiana Resources technical director Felicity Repacholi-Muir said in the company’s ASX announcement.

“With several encouraging targets already identified across this highly prospective ground we are eager to commence work on the ground as quickly as possible.”

 

 

 

Email: info@indianaresources.com.au

Web: www.indianaresources.com.au

 

Blackstone Minerals Takes Slice of Corazon Mining Pie

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THE BOURSE WHISPERER: Blackstone Minerals (ASX: BSX) has made a strategic investment in Corazon Mining (ASX: CZN), by way of an initial investment of approx. $2 million that will earn Blackstone 14.32 per cent interest in the common equity of Corazon.

Blackstone’s attraction to Corazon it that company’s interests in The Lynn Lake project a suite of nickel-copper-cobalt assets in Manitoba, Canada.

The Lynn Lake project has historic mining and a current mineral resource of 168,000 tonnes nickel, 81700 tonnes copper and 7900 tonnes cobalt.

Blackstone and Corazon have also entered a Memorandum of Understanding that will see collaboration 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.

Part of the funds received from Blackstone under the transaction will be used by Corazon to test electro-magnetic (EM) targets identified at the Fraser Lake Complex, which is underexplored and has existing nickel-copper sulphide drilling intersections.

“Blackstone’s recent Ta Khoa Nickel Project Pre-feasibility study demonstrated the economic value and importance of securing upstream supply for its vertically integrated business,” Blackstone Minerals managing director Scott Williamson said in the company’s ASX announcement.

“The Lynn Lake project boasts a meaningful nickel-copper-cobalt resource that the company believes has potential for a significant valuation uplift based on integration with the Ta Khoa Refinery.

“We are also very excited by the exploration potential at the Fraser Lake Complex and look forward to collaborating with the Corazon management team to progress mine planning and development activities.”

Corazon is also offering eligible shareholders the opportunity to acquire new shares at three cents per share through a non-renounceable pro-rata rights issue to raise approximately $10.7 million.

Major shareholder Delphi Unternehmensberatung Aktiengesellschaf has indicated it intends to support the offer and to take up its entitlements.

“The Corazon share registry has evolved significantly over recent months, with nickel focused groups like Delphi and Blackstone seeking to cornerstone the company,” Corazon Mining chairman Terry Streeter told the market.

“This provides the foundations of support required to accelerate exploration and project studies on the potential re-development of the Lynn Lake nickel sulphide project.

“We are also pleased to offer Corazon shareholders the opportunity to support the advancement of our nickel assets via the Entitlement Offer, at a time of strong nickel prices and increased demand for product from the emerging rechargeable battery sector.”

 

TO READ BOTH COMPANY ANNOUNCEMENTS: CLICK HERE OR CLICK HERE