Calidus Resources Remains on Track and on Budget For First Gold Pour

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THE BOURSE WHSIPERER: Calidus Resources (ASX: CAI) announced commencement of commissioning of the company’s 100 percent owned Warrawoona gold project in the Pilbara of Western Australia.

Calidus Resources reported crushing and milling operations are set to start within the next eight weeks with first gold poured approximately two weeks later. The project remains on budget.

“With first gold now forecast to be less than ten weeks away, we are about to make the pivotal transition from developer to profitable gold producer,” Calidus Resources managing director Dave Reeves said in the company’s ASX announcement.

“This immense achievement is a credit to all employees and contractors, who have worked tirelessly amid some of the most challenging weather conditions and times our industry has faced.”

 

Dave Reeves speaks with Wally Graham at the recent RIU Explorers Conference in Fremantle.

 

 

 

 

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

 

Web: www.calidus.com.au

 

 

Oar Resources Divests Non-Core Iron Ore Project

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THE BOURSE WHISPERER: Oar Resources (ASX: OAR) has cashed up in the week before the 2020 RUI Explorers Conference by entering a definitive and binding Tenement Sale Agreement for the sale of the company’s non-core Bramfield iron ore project in South Australia.

Oar Resources has sold the Bramfield project to Vietnamese based company, The Hoa Phat Group via its subsidiary Dragon Resource Investment Pty Ltd for all-cash consideration of $500,000.

The company explained the Bramfield sale is part of its ongoing strategic review to rationalise its portfolio and where possible, generate cash from non-core assets, to apply towards its core assets.

“The sale of the Bramfield iron ore project is a great outcome for Oar Resources,” Oar Resources CEO and managing director Justin Richard said in the company’s ASX announcement.

“The company will continue to evaluate opportunities to sell other non-core assets that generate non-dilutive cash and improve its balance sheet.

“Anyone who knows mineral exploration, knows the early stages in a project’s lifecycle present high-risk, high-reward opportunities.

“OAR is in a favourable position compared to many of its peers, having a diverse project portfolio that includes several promising projects with potential to become standalone mining companies in their own right.

“The current review of the company’s project portfolio includes divesting any projects that are not part of OAR’s key focus moving forward, mainly our South Australian projects.

“Some factors being considered as part of the strategic review include a project’s stage of development, the commodities it offers and its impact on shareholder value.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@oarresources.com.au

 

Web: www.oarresources.com.au

 

 

Coda Minerals and Torrens Mining Merger to Consolidate Elizabeth Creek Ownership

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THE BOURSE WHISPERER: Coda Minerals will be expecting a rush of interest at the 2022 RIU Explorers Conference next week after announcing it is to merge with Torrens Mining to create a leading base and precious metals exploration company focussed on the Elizabeth Creek copper project in South Australia.

If successful, the proposed merger is expected to result in Coda consolidating 100 per cent-ownership of the Elizabeth Creek copper project via the acquisition of Torrens’ current 30 per cent Joint Venture interest.

“The combination with Torrens provides a compelling opportunity to create value for both sets of shareholders by unlocking important synergies in the exploration and development of our core asset, the Elizabeth Creek copper project in South Australia,” Coda Minerals chief executive officer Chris Stevens said in the companies’ joint ASX announcement.

“The offer provides an immediate premium of over 30 per cent, while the consolidation of 100 per cent-ownership of Elizabeth Creek in a single company represents a logical and very positive next step in the project’s evolution.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@codaminerals.com

 

Web: www.codaminerals.com

 

Matsa Resources Grows Thailand Presence via New Lithium Applications

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THE BOURSE WHISPERER: Matsa Resources (ASX: MAT) will have lots to talk about at next week’s 2022 RIU Explorers Conference after announcing that the company has recommenced active exploration in Thailand.

Matsa Resources has applied for 65 new Special Prospecting Licence Applications (SPLAs) in Thailand for 942 square kilometres in key granite/pegmatite belts.

The SPLAs cover ground known by the country’s Department of Minerals and Resources to host lithium occurrences.

Matsa is well prepared having a fully functional office, staff and skills in the country and is well positioned to actively grow its portfolio.

“Thailand has always been a place of special interest to Matsa and we always understood its excellent geological prospectivity, but had to be patient whilst the country matured their mining legislation and consent processes,” Matsa Resources chairman Paul Poli said in the company’s ASX announcement.

“We have observed substantial progress in this area over the last six months and authorities have now been positively engaging with miners.

“This is clearly evident through Kingsgate recommencing mining at their Chatree gold mine and even further afield, the success of Pan Asia with their lithium discoveries.

“Matsa sees enormous opportunities in exploration for lithium, gold and base metals, not only because of the highly prospective geology, but also the economic ramifications of Thailand’s close location to China.

“The two countries are now directly linked by rail which could have positive economic benefits to any mine development within the region.

“I see Thailand as an emerging mining frontier where tier one discoveries are bound to be made and with the change of attitude to mining it will be a great exploration destination.

“Our Thailand office, led by our Thailand managing director Mr Ratha Kheowhamseang, is taking advantage of this changing environment and using Matsa’s extensive Thailand experience and knowledge to build a high value exploration portfolio that will complement Matsa’s highly regarded Lake Carey gold project.

“Matsa intends to use some of the funds from the recently announced $20 million sale of Red October and Devon to advance the projects.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: reception@matsa.com.au

 

Web: www.matsa.com.au

 

Altech Chemicals Launches Silumina Anodes Product Name

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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.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@altechchemicals.com

 

Web: www.altechchemicals.com

 

Calidus Resources Commits to Renewable Micro Grid

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@calidus.com.au

Web: www.calidus.com.au

 

Green Technology Metals Increases Canadian Lithium Footprint

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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.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@greentm.com.au

Web: www.greentm.com.au

 

OZZ Resources Increases Leonora Tenement Holding

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@ozzresources.com.au

 

Web: www.ozzresources.com.au

 

Resource Sector ASX Listings to Maintain Their Pace in 2022

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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

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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.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@renascor.com.au

 

Web: www.renascor.com.au