Companies Highlight Green Credentials at Diggers & Dealers 2022

THE CONFERENCE CALLER: A famous puppet once famously said, ‘it’s not that easy being green’, a sentiment that rings true in the modern mining landscape as companies strive to have the potential of their new technology-focused projects recognised.

 

Australian Strategic Materials (ASX: ASM) was just one of the companies presenting at Diggers & Dealers on Day One spruiking new technologies and the commodities needed to keep them greening the planet.

It is also one of several, over the three-day gabfest, to lay claim to being set to become a provider to the world’s growing greening with its contribution anticipated to advance electric vehicle and wind turbine operations.

Non-executive chairman Ian Gandel told his audience of phase one commissioning of the company’s Korean Metals Plant that will produce neodymium products initially aiming to produce both metals and alloys utilising refined material from the company’s Dubbo mine in New South Wales.

Hyundai Engineering in Korea has awarded engineering, procurement and construction work and funding to advance the plant in Ochang which was officially opened by Australian Strategic with the Koreans in May.

Gandel reeled off the variety of high purity metal products to be produced including permanent magnet alloys, neodymium, praseodymian, dysprosium and terbium.

 

IGO (ASX: IGO) managing director and CEO Peter Bradford used his turn at the lectern on Day Two to espouse the green virtues of his company.

Bradford has been on something of a green technology crusade in recent times, holding the reins of the company’s transformation from gold and base metals to what he declared as being a “fantastic” portfolio of upstream and downstream clean energy projects covering lithium, nickel, copper and cobalt.

The company’s recent friendly $1.26 billion takeover of independent nickel producer Western Areas added the producing Forrestania mine and Cosmos development project to IGO’s high-quality, low-cost Nova operation and its likely Silver Knight satellite source.

They sit alongside a 25 per cent stake in the Greenbushes hard rock lithium mine and 49 per cent interest in Australia’s first fully automated battery-grade lithium hydroxide plant in Kwinana, both in Joint Venture with Chinese major Tianqi Lithium Energy Australia.

“Our strategy … is creating a company that’s globally relevant in the supply of clean energy metals, and we do that because we want to create a better planet,” Bradford said.

 

Neometals (ASX: NMT) has long been a trend setter in the recycling of battery materials.

Neometals managing director Chris Reed outlined recent advances made by the company at Diggers & Dealers, including its Primobius battery recycling Joint Venture in Germany with SMS group.

This partnership resulted in Mercedes Benz selecting Primobius as a battery recycling partner that will design and construct an integrated hydromet plant at Mercedes production facilities in Kuppenheim.

Neometals has developed three business units supporting energy transition in the electric vehicle (EV) and energy storage system (ESS) supply chains, encapsulating lithium-ion battery recycling, nickel-cobalt recovery and lithium chemicals.

As well as its German alliances, Neometals is advancing vanadium recovery in Finland, lithium chemicals in Portugal and lithium battery recycling with Stelco in Canada.

 

 

Kicking the dew off the grass on Day Three, Chalice Mining (ASX: CHN) continued running the ‘greener than the rest’ theme at the Forum, claiming its Julimar project to be the embryo that will be first born of a new green metals province in WA.

Chalice Mining is advancing strategic planning for the development of a starter mine at the company’s 100 per cent-owned Julimar project just 70km from Perth.

Chalice Mining managing director Alex Dorsch the final day crowd at Diggers & Dealers that the company’s work since its initial discovery two and a half years ago was confirming Julimar as WA’s first major platinum discovery and the starting point for a world-class multi-district green metals province.

Dorsch boasted the unique composition of platinum group elements, nickel, copper, cobalt at Julimar would deliver the green metals essential for the de-carbonisation of the world, feeding technologies such as batteries, electric vehicles and hydrogen production.

 

Liontown Resources (ASX: LTR) managing director Tony Ottaviano outlined the targeted production start for the company’s Kathleen Valley lithium project in Western Australia’s north eastern goldfields, which is pencilled in for the second quarter of 2024.

Ottaviano told Diggers & Dealers the company had now ticked major development milestones at Kathleen Valley, including completing a definitive feasibility study, raising required equity, securing debt funding and gaining three major offtake agreements.

Kathleen Valley currently has a Resource estimated at 156 million tonnes at 1.4 per cent lithium oxide, while the company’s other lithium deposit at Buldania in WA’s central south east has a resource of 15 million tonnes at one per cent lithium oxide.

 

Lynas Rare Earths (ASX: LYC) has accepted the challenge laid out by the accelerating pace of global demand for rare earth materials by bringing forward a $500 million expansion of the company’s Mt Weld mine and concentrate plant in Western Australia’s north-eastern Goldfields.

The expansion was announced by managing director-CEO Amanda Lacaze on Day Three of Diggers & Dealers, which she indicated aims to lift Mt Weld’s rare earth concentrate production capacity to 12,000 tonnes per annum by 2024 from its current level of 7,000 tonnes per annum.

This is a leapfrog of Commonwealth Games winning standard over the company’s previous expansion target of 10,500 tonnes per annum, which was laid out in the Lynas 2025 growth plan launched three years ago.

The neodynium-praseodymium concentrate produced at Mt Weld is shipped to Lynas’s advanced minerals plant in Malaysia for processing into high-quality rare earth materials for the manufacture of electric vehicles, wind turbines and other electronic applications.

 

Gold Bugs Scratch Precious Metal Itch at Diggers & Dealers

THE CONFERENCE CALLER: The big hitters were out and about in Kalgoorlie this week with the usual suspects delivering the latest news on the industry’s glittering prize.

Newcrest Mining (ASX: NCM) was in an instructive mode when the company’s exploration general manager Fraser MacCorquodale strode to the Diggers & Dealers stage on Day One.

MacCorquodale suggested grassroots explorers should think about linking up with his company as it continues its search for new drill-stage projects in Tier 1 locations around the world.

Such a move, he said, would hold the promise of the advantages of Newcrest’s high levels of technical capability, its flexibility in adopting partnership styles and, “experience in quickly transforming opportunities into long-term mines”.

McCorquodale highlighted Newcrest’s Havieron project in Western Australia as an example that is being explored under a Joint Venture with UK-based explorer Greatland Gold.

Newcrest currently holds 70 per cent of the project, and has until the beginning of September to pay $US60 million to exercise its option over an additional 5 per cent interest.

 

Evolution Mining (ASX: EVN) has raised the potential for extending the mine life and greater exploration success at depth with the posting of a 28 per cent increase in copper resources at its Ernest Henry copper-gold mine in Queensland.

Evolution Mining executive chairman Jake Klein outlined progress on mine extension planning for Ernest Henry and the proposal to unify a package of assets at Mungari in Western Australia during his presentation to the Diggers & Dealers crowd.

The project’s gold resource also improved by 24 per cent.

Klein said the copper and gold increases reinforced the mine, northeast of Cloncurry, as a premier copper-gold asset while highlighting its extension potential.

A revised measured, indicated and inferred resource estimate of 88.3 million tonnes at 1.28 per cent for 1.13 million tonnes copper and 0.73 grams per tonne gold for 2.07 million ounces gold is the result of over 30,000 metres of new drilling to the end of May, depleted for mining to June 30.

The upgraded resource model will be part of a prefeasibility study, due for completion by December 2022, on a mine extension program expected to provide a pathway for mining to continue beyond 2031.

 

Northern Star Resources (ASX: NST) has recently reported strong progress on organic growth plans while work gets under way on planning for the expansion of processing capacity and annual production at the company’s 100 per cent-owned Kalgoorlie Super Pit in Western Australia.

A prefeasibility study released in June outlined three options for an expansion program that would cost up to $1.4 billion to expand the Kalgoorlie Consolidated Gold Mines operation’s production capacity by up to 200,000 ounces per annum and reduce all-in sustaining costs by up to $200 per ounce.

Northern Star managing director Stuart Tonkin told Diggers & Dealers the company had overcome a dynamic and challenging environment to deliver progress in the first year of a five-year pathway to growth.

 

Genesis Minerals Views Leonora Goldfields from Lofty Height of Project Cherry Picker

THE CONFERENCE CALLER: Genesis Minerals (ASX: GMD) managing director Raleigh Finlayson pumped up one takeover while hosing down scuttlebutt of another when addressing the opening day audience at the 2022 Diggers & Dealers Mining Forum in Kalgoorlie.

Proving that old news travels fast, the auditorium at the Goldfields Arts Centre was chock-a-block for Mr Merger’s presentation of delegates anxious to hear what they already knew about the
agreed $111 million takeover agreement announced this month between explorer Genesis and miner Dacian Gold (ASX: DCN).

Genesis has hardly made a secret of its mergers and acquisitions strategy to achieve its aim to become a premium Australian gold producer, and has fingered Dacian as a natural pairing in the Leonora mining district.

The all-scrip transaction would combine Genesis’ own high-grade Ulysses project and organic growth opportunities with Dacian’s large-scale strategic milling infrastructure at the Mt Morgans project.

Seen as a ‘win-win’ proposition the deal would accelerate development of Ulysses’ high-grade core of 363,000 ounces at 6.4 grams per tonne gold while avoiding the $150-160 million price tag of establishing a stand-alone processing facility, adding further potential to increase production rates.

But why stop there?

The transaction has already set the Goldfields rumour mill in motion with those who are smarter than others in these matters pointing out possible future mergers and acquisitions activity in the Leonora district.

Most of the speculation focused on St Barbara (ASX: SBM) and its substantial Resources and infrastructure as a possible target.

This would be big, creating a company that would boast the size and quality of assets to bridge the gap between the individual enterprises with that of ASX100 status miners.

To keep things interesting, Finlayson acknowledged Genesis had reopened discussions with St Barbara, among numerous regional opportunities – so, nothing to see here.

“A further consolidation would offer the potential to hold a dominant resource and reserve position in Leonora coupled with the flexibility of optimised deposits and regional processing power,” he said.

While St Barbara itself has also talked about the prospects for consolidation in the region, Finlayson warned there were no assurances the current talks would lead to a transaction.

 

 

Resources Roadhouse Steak Sandwich Showdown

THE CONFERENCE CALLER: If it’s Monday in Kalgoorlie for the annual Diggers & Dealers Gabfest then the smart money moves to The Resources Roadhouse Steak Sandwich Showdown.

Rapidly emerging as a ‘must attend’ event at the annual forum, The Resources Roadhouse showcases junior exploration plays at the Showdown that are unable to elbow their way into the jam-packed three-day program.

While attendees masticate on their steak sandwiches this year, they will hear from the companies featured below.

 

Austral Resources (ASX: AR1)

 

Austral Resources recently achieved the production of the first copper cathode at the company’s Anthill copper mine, within the Lady Annie copper project in Queensland.

The production of copper cathode from Anthill completes a phase of intensive mine development and plant commissioning since the company listed on the ASX in November 2021.

Austral is confident this paves the way for it to meet its stated objective of producing copper cathode at a rate of 10,000 tonnes per annum from mid-2022.

Leading up to the cathode announcement, Austral inked reciprocal non-binding exploration earn-in agreements with MIM, a subsidiary of one of the world’s largest mining companies, Glencore.

The deal will be a boon for the company’s upcoming exploration efforts that are being scaled up to discover and deliver new copper ore, including oxide exploration drilling at several prospects.

 

Cannon Resources (ASX: CNR)

 

Cannon Resources is working up two nickel projects in the northern Goldfields region of Western Australia, approximately 200 kilometres north-east of Leonora.

The Fisher East project hosts four high-grade nickel sulphide deposits: Musket, Camelwood, Cannonball, and Sabre, all located very close to each other with a combined JORC 2012 Mineral Resource containing 116,300 tonnes of nickel.

Recent assays achieved at the Sabre deposit confirmed the high-grade nickel content of the massive sulphide mineralisation developed on the northern margin of the Sabre channel.

The high-grade nickel mineralisation has over 250 metres of plunge extent and remains open across strike and up and down plunge.

The Collurabbie project contains a JORC 2012 Inferred Mineral Resource of 573,000 tonnes at 1.63 per cent nickel, 1.19 per cent copper, 0.082 per cent cobalt, 1.49 grams per tonne palladium, 0.85g/t platinum at the Olympia deposit.

 

Caspin Resources (ASX: CPN)

 

Caspin Resources has made healthy inroads at the company’s Yarawindah Brook and Mount Squires projects in recent times.

At Yarawindah Brook, Caspin has demonstrated evidence of edging closer to a major discovery at the Serradella prospect, where early drilling results encouraged the company to quickly commence planning a follow-up program.

Meanwhile, Caspin has opened a second exploration front at Mount Squires with drilling of the Duchess prospect, which has been on the drawing board for well over 12 months.

Caspin believes this soil anomaly holds unique characteristics unlike anything else in the region and importantly, potentially substantial scale.

Although at a very early stage, Caspin considers the high-risk exploration worth the effort as the potential large rewards could make it all worthwhile.

 

Dreadnought Resources (ASX: DRE)

 

Dreadnought Resources’ project portfolio currently boasts three diverse West Australian projects covering a mix of geological terrains and target commodities.

The Tarraji-Yampi copper-silver-gold-cobalt project is located in the West Kimberley, the Mangaroon nickel-copper-PGE-REE-gold project is located in the Gascoyne, and the Central Yilgarn project speaks for itself.

Earlier this year Dreadnought was able to commence exploration activities earlier than anticipated at the Tarraji-Yampi prospect, in the form of a low impact auger sampling system that was specially designed for Taraji-Yampi allowing the company to commence exploration earlier in the season before road access had been re-established.

Of seven quality targets identified, two were noted to be associated with outcropping mineralisation with others (OR3 and OR4) both associated with untested Fixed Loop EM conductors.

More recently, Dreadnought declared confirmation of genuine REE scale potential following RC drilling at the Yin prospect within the Mangaroon project after drilling identified mineralised ironstones over three kilometres of strike remaining open in all directions and at depth.

The company has to date, completed 67 RC holes, which besides providing confirmation of the REE ironstones, also include further evidence of parallel lodes along strike.

 

Miramar Resources (ASX: M2R)

 

Miramar Resources holds projects in the Eastern Goldfields, the Murchison and Gascoyne regions of WA.

The company’s portfolio of exploration projects has potential for new gold discoveries within trucking distance of existing operations and for the discovery of nickel-copper-platinum group element (PGE) mineralisation.

Three projects in the Eastern Goldfields are considered to hold potential for new gold discoveries within proximity to existing mining and/or processing operations:

Gidji JV (80%): a strategic land position within the Boorara Shear Zone, 15km north of Kalgoorlie;
Glandore: an underexplored project with high-grade drill results 40km east of Kalgoorlie; and
Randalls: a folded BIF adjacent to Silver Lake Resources’ Mt Belches gold operations.

The company has been actively exploring the Gidji JV Project since listing on the ASX in October 2020, resulting in the identification of several new targets which it believes could host a major gold discovery.

 

Peak Minerals (ASX: PUA)

 

Peak Minerals’ diversified multi-commodity portfolio of quality, under-explored Australian copper and gold assets is centred around prospective known copper and gold producing regions.

A focus of late has been the company’s Green Rocks project near Meekatharra in WA, which incorporates the existing Copper Hills and Lady Alma prospects.

A recent Phase 2 air core drill program confirmed the presence of intrusions at other targets, including Tal Val, Target C and Target B.

At Target B, broad zones of highly encouraging nickel intercepts were identified below the regolith/fresh rock interface.

Follow up RC and diamond drilling is now underway with the RC component looking to intercept shallow targets between a depth of 300 – 375m, particularly at Target B.

The holes are also targeting prospective geology and geochemical anomalies found during air core drilling and EM surveys at Rixon and Lady Alma.

The holes will be surveyed using DHEM to further resolve conductors, particularly those picked up by Moving Loop Electromagnetics (MLEM).

 

Meeka Metals (ASX: MEK)

Meeka Metals has a dual focus across the company’s 100 per cent-owned portfolio of Western Australia-based assets where it is exploring for gold and rare earths.

Meeka’s number one asset is the Murchison gold project in the Murchison Gold Fields that hosts a large high-grade 1.1 million ounces of gold JORC Resource, which the company is actively growingas it progresses toward production.

Meeka also owns the Circle Valley project in the Albany-Fraser Mobile Belt (home to the Tropicana gold mine that historically produced 3 million ounces of gold), where it has identified gold in four separate locations presenting a potential growth opportunity.

The company’s second focus is its Cascade rare earths project, from which it recently announced a neew batch of high-grade rare earth assays that have continued to affirm widespread rare earth mineralisation while displaying very high proportions of the valuable magnet rare earths, which is an important determinant in the economics of these deposits.

 

Turaco Gold (ASX: TCG)

 

Turaco Gold has the Eburnea gold project in central Cote d’Ivoire and three advanced and highly prospective projects in northern Cote d’Ivoire.

Recent activity resulted in gold assay results from its first reconnaissance style drilling undertaken at the Bouake North prospect, within the Eburnea project.

Turaco Gold had previously identified a large 7km by 4km gold-in-soil anomaly at Bouake North via auger drilling across the entire anomaly defining six in-situ gold anomalies.

Subsequent reconnaissance style drilling has to date tested just two of these targets and has returned high-grade, shallow gold.

Elsewhere within the portfolio, gold assay results were achieved from diamond core and AC drilling at the Nyangboue prospect, within the 89 per cent-owned Boundiali project in northern Côte d’Ivoire.

These assay results confirmed extensions to previously drilled mineralisation at the Nyangboue prospect, along with a new parallel zone of mineralisation at surface over 400 metres in strike.

Mineralisation remains open in all directions at Nyangboue.

 

ON THE BENCH

In these wild and wacky days of COVID, The Roadhouse likes to have reserves on hand should anything untoward happen to our presenting guests. Below are a couple of contenders who may get a run as medical subs, should the need arise.

 

Sunshine Gold (ASX: SHN)

 

Sunshine Gold has a portfolio of quality gold and copper projects in Queensland comprising a 100 per cent interest in the Ravenswood West gold-copper-rare earth project, the Triumph gold project, the Hodgkinson gold copper project, and the Investigator copper project.

Recent activity involved RC drilling at the Bank copper-gold-silver-molybdenum prospect at Ravenswood West.

This was the first drilling to be carried out for over 50 years at the Bank prospect, from which Sunshine Gold took great encouragement since all five reconnaissance RC holes intersected broad zones of disseminated and vein-hosted sulphides within intensely altered host granodiorite.

As is the usual stories with such excitement these days, assays are expected July-August 2022.

Not to be perturbed, Sunshine Gold has already outlined follow up drilling will be designed to test the porphyry contact and the zone between the soil and IP anomalism and will review the assay data, when it arrives, to refine further targets.

 

QEM Limited (ASX: QEM)

QEM Limited is exploring, with the view to development of, the company’s Julia Creek vanadium / oil shale project in North Western Queensland.

QEM describes the Julia Creek vanadium / oil shale project as being a unique world class resource with the potential to deliver innovative energy solutions, through the production of energy fuels and vanadium pentoxide.

The project’s JORC 2012-compliant Mineral Resource of 2,850 million tonnes at 0.31 per cent vanadium pentoxide, including 310 million tonnes in the Indicated category, is one of the single largest ASX listed vanadium resources that QEM views as a great opportunity for development.

 

 

 

Small-Cap Companies to Contribute at Diggers & Dealers (part 2)

THE CONFERENCE CALLER: The Roadhouse continues its look at the smaller explorers presenting at the upcoming Diggers & Dealers Forum in Kalgoorlie.

This week we look at some of these smaller explorers whose share prices currently sit over 10 cents and under 20 cents per share (at time of writing).

 

Peel Mining (ASX: PEX) 16.5 cents

 

 

Peel Mining has been busy interpreting results generated by drilling at the Mallee Bull and Wirlong deposits at the company’s South Cobar copper project in New South Wales.

Results from a 2021/22 resource drilling program at Mallee Bull highlighted the deposit’s quality and continuity of mineralisation throughout the infill program.

At Wirlong, results also confirmed quality and continuity of the deposit with high-grade copper intervals intersected throughout the Wirlong mineral system.

Wirlong is developing into an important part of Peel’s South Cobar Copper strategy alongside Mallee Bull.

The company anticipates the results from Wirlong, along with the results from Mallee Bull, to have a positive impact on the South Cobar copper Resource upgrade planned for mid CY2022.

 

 

 

 

 

 

 

 

 

Nickelsearch (ASX: NIS) 11.5 cents

Earlier this year, NickelSearch conducted an integrated and systematic nickel sulphide targeting study that identified and prioritised over 30 greenfield exploration targets across the company’s wholly-owned Carlingup nickel project, located in Ravensthorpe, Western Australia.

The study produced 11 Priority 1 targets and defined a highly prospective mineralised corridor at Carlingup South over a strike extent of nine kilometres, with three drill-ready targets, subject to receiving necessary approvals and conducive ground conditions.

This targeting work was enhanced by ultra fine soil assay results along the Carlingup South trend that returned highly anomalous Kambalda and Platinum Group Metals (PGM) responses, which Nickelsearch considers being indicative of komatiitic nickel sulphides at depth.

NickelSearch is embarking on a modern, rigorous, and comprehensive exploration program across its entire tenement package.

This is the first time this land package has been consolidated under one company.

 

Panoramic Resources (ASX: PAN) 18.75 cents

Ignore Panoramic Resources at your peril with the company recently advising that commercial production has been achieved at its Savannah nickel project in Western Australia.

The company commenced commercial production at Savannah from 1 April 2022 following the first production of concentrate in October 2021.

Panoramic signalled the ramp-up of underground mining will continue throughout FY23 as development of additional levels opens new areas for production, from Savannah North.

Annual production from Savannah is forecast to increase in FY23 with guidance of:

6,600 – 7,100 tonnes of nickel in concentrate;
4,100 – 4,500 tonnes of copper in concentrate; and
400 – 500 tonnes of cobalt in concentrate.

FY23 production guidance for nickel in concentrate reflects a blended production of ore from Savannah (remnants) and Savannah North (new mine).

Savannah North provides approximately 62 per cent of the ore feed, with Savannah providing the balance.

 

Galena Mining (ASX: G1A) 13.5 cents

Galena Mining’s 60 per cent-owned Abra base metals mine is a lead-silver project located in the Gascoyne region of Western Australia.

At latest report, construction of the Abra project is currently 75 per cent complete with Galena confirming first concentrate production on-target for Q1 2023.

The project’s CY2023 mill throughput is expected to be 0.8-1 million tonnes per annum resulting in ramp-up year lead production of 53,000-68,000 tonnes.

Following ramp-up, the life of mine average annual production is expected to average 93,000 tonnes of lead and 553,000 ounces of silver, with lead C1 direct cash costs of US$0.50 per pound.

 

Pantoro (ASX: PNR) 18.5 cents

Pantoro has a couple of major feathers in its operations cap at present, the first being its 50 per cent-owned Norseman project where construction continues apace.

The project has a substantial Ore Reserve of 900,000 ounces that increased 48 per cent since release of a Phase One DFS in October 2020.

Pantoro completed a $45 million capital placement earlier this year to accelerate mining at Norseman and maintain growth exploration activities at high rates while also supporting advancement of the Lamboo PGE project within the company’s second feather, the 100 per cent-owned Halls Creek project.

Recent step out drilling at the Lamboo nickel-PGE prospect returned strong PGE, nickel and cobalt assays.

An added extra was the inclusion of coincident rhodium and iridium grades returned in the northern extensions of the platinum-palladium-gold zones the company has drilled to date.

 

 

 

 

Small-Cap Companies to Contribute at Diggers & Dealers

THE CONFERENCE CALLER: The year is flying by and here at The Roadhouse we have suddenly realised the annual Diggers & Dealers Forum in Kalgoorlie is looming.

Diggers & Dealers is always an interesting visit for The Roadhouse as we stroll through the giant marquee catching up with old chums and meeting new ones.

The roll call of presenters this year hasn’t really thrown up anything new for us to look at, but there is a healthy mix of small cap plays rubbing shoulders with the big boys.

In the lead up to the conference, we thought we would look at some of these smaller explorers, starting with companies whose share prices currently sit under 10 cents per share (at time of writing).

 

AUSTRALIAN VANADIUM (ASX: AVL) (3.8 cents)

Australian Vanadium is developing the Australian Vanadium project at Gabanintha, which it caliams to be one of the most advanced vanadium projects being developed globally.

The project boasts a Resource of 239 million tonnes at 0.73 per cent vanadium pentoxide (V₂O₅), containing a high-grade zone of 95.6 million tonnes at 1.07 per cent V2O5 and an Ore Reserve of 30.9 million tonnes at 1.09 per cent V2O5.

This is comprised of a Proved Reserve of 5 million tonnes at 1.11 per cent V2O5 and a Probable Reserve of 20.4 million tonnes at 1.07 per cent V2O5, reported in compliance with the JORC Code 2012.

Via its 100 per cent-owned renewable energy and energy storage subsidiary, VSUN Energy, Australian Vanadium is currently working on the design and construction of a high renewable capacity stand-alone power system (SPS) for IGO’s Nova nickel operation.

IGO is set to trial an SPS based on a vanadium redox flow battery (VRFB) to power a mine process water bore pump, with a target of 100 per cent renewable energy use.

This system will be the first of its kind deployed on an Australian mine site.

 

 

 

 

 

 

 

 

ANTIPA MINERALS (ASX: AZY) (3 cents)

Antipa Minerals has a group of gold projects in Western Australia that includes Joint Ventures with both IGO and Newcrest, however these are not the pinnacle of its portfolio.

That accolade goes to the company’s 100 per cent owned Minyari Dome project that covers an area of 144 square kilometres and features a geological structure referred to as Minyari Dome.

This structure hosts the Minyari and WACA deposits that were updated earlier this year.

The Minyari-WACA Resource currently contains a combined Mineral Resource of 1.8 million ounces of gold, 64,300 tonnes of copper, 584,000 ounces of silver and 11,100 tonnes of cobalt.

This hasn’t detracted from the other projects that were bolstered by Newcrest’s decision to assume management of the Wilki project having completed the initial commitment of $6 million exploration expenditure in November 2021.

The Paterson project 2021 exploration program was fully funded by IGO as part of its $30 million farm-in and resulted in delivery of multiple high-priority targets.

These included seven high-priority copper, gold and pathfinder anomalies, three air core anomalies – one with co-incident magnetic anomaly; and four soil anomalies.

Exploration activities at Paterson in 2022 will involve air core and diamond core drilling, including diamond drill testing two Havieron look-alike targets as well as soil sampling, and airborne plus ground geophysical surveys.

 

 

 

 

 

 

 

 

 

CHESSER RESOURCES (ASX: CHZ) (8.4 cents)

Most of the recent news emanating from Chesser Resources has come out of exploration and development activities on the company’s Diamba Sud gold project in Senegal, West Africa.

Chesser has discovered three high-grade gold projects (Areas A and D and Karakara) within the Diamba Sud project.

Results of a Scoping Study released earlier this year over the Area A and Area D Mineral Resources at Diamba Sud demonstrated potential value from future mine development.

This included a 7.5-year project life producing 704,000 ounces of gold at an average AISC of US$820 per ounce with the first two years of gold production totalling 244,000 ounces of gold at an average AISC of US$545 per ounce.

The study did not include any potential Mineral Resources from the new discovery at Area H – now known as the Karakara deposit.

Chesser considers there to be plenty of Resource upside to come from Areas A and D, which currently remain open and the new discovery at Area H (Karakara).

 

 

 

GREAT BOULDER RESOURCES (ASX: GBR) (8.2 cents)

Great Boulder Resources found it hard to contain its excitement over recent drilling results came through from two diamond holes drilled at the Mulga Bill deposit within the company’s Side Well gold project near Meekatharra in Western Australia.

Great Boulder Resources’ excitement stemmed from assays received from final diamond holes drilled in April at Mulga Bill that included:

22MBRC005
5.9 metres at 39.37 grams per tonne gold from 84.3m, including 3.6m at 63.79g/t gold from 85.4m.
The company declared this result to have verified down dip continuity of its original “discovery hole” of:

21MBAC002
3m at 34.54g/t gold from 32m.

Great Boulder was also taking in results from AC drilling at Mulga Bill that returned results supporting the definition of targets for follow up RC drilling and increased drill coverage to confirm the six kilometres strike length at Mulga Bill.

The deposit currently remains open in both directions with expansion possible of the mineralised footprint to the west.

This all came on the back of news that RC drilling had recommenced at the Side Well gold project.

While available, the rig will also complete a second phase of RC drilling at the new Ironbark discovery, with extensional holes planned to test the strike extent of recent high-grade intersections announced earlier in June.

Great Boulder expects the drilling to continue for the remainder of the year as part of the company’s strategy to advance the Mulga Bill deposit towards a maiden Mineral Resource estimate as quickly as possible.

 

 

POSEIDON NICKEL (ASX: POS) (4.1 cents)

Poseidon recently released an updated combined underground high-grade and open pit disseminated Mineral Resource Estimate (MRE) for the company’s Black Swan nickel project near Kalgoorlie in WA.

The updated estimate rolled in at 28.9 million tonnes at 0.63 per cent nickel for 181,000 tonnes of nickel metal contained, an uplift of approximately 10,000 tonnes of nickel from the previous estimate.

The Black Swan Disseminated Mineral Resource update together with a previously announced high-grade underground resources update means the company’s total resources are now just over 206,000 tonnes contained nickel.

Poseidon owns the Windarra, Black Swan and the Lake Johnston nickel projects providing ownership of the mines and infrastructure including concentrators at Black Swan and Lake Johnston.

Poseidon considers all these projects to have exploration opportunities.

The company intends Black Swan will be the first project to restart followed by Lake Johnston and then Windarra, subject to codicils that include favourable Feasibility Studies, appropriate project financing structures being achieved, the outlook for the nickel price remaining positive and all necessary approvals being obtained.

The Pick at 2022 RIU Sydney Resources Roundup

THE CONFERENCE CALLER: Try as we might, The Resources Roadhouse couldn’t reach all the presenters at the recent 2022 RIU Sydney Resources Roundup, but luckily our chums from The Pick were on hand to pick up the slack.

Resources Roadhouse at 2022 RIU Sydney Resources Roundup

THE CONFERENCE CALLER: The Resources Roadhouse caught up with a plethora of presenters at the recent 2022 RIU Sydney Resources Roundup.

Here’s a couple to whet your appetite. To see all The Roadhouse vids from the conference CLICK HERE

 

White Noise at 2022 RIU Sydney Resources Roundup

THE CONFERENCE CALLER: Good friends of The Roadhouse, White Noise Communications attended the recent 2022 RIU Sydney Resources Roundup where they were able to speak with some of the companies we missed.

 

Gascoyne Resources Increases New Dalgaranga Gold Discovery

THE CONFERENCE CALLER: Gascoyne Resources (ASX: GCY) welcomed visitors to its booth at the 2022 RIU Explorers Conference after reporting new drilling results from the zone of recently discovered gold mineralisation immediately north of the Gilbey’s open pit, the main ore source at the company’s 100 per cent-owned Dalgaranga gold project in Western Australia.

Gascoyne Resources said the new zone, known as Gilbey’s North, has been outlined by shallow RC drilling carried out immediately north of the Gilbey’s pit.

The mineralisation commences from shallow depths (just 1m) and has so far been defined over a strike length of more than 300m, to a depth of almost 200m and over down-hole widths of up to 20m.

“Our on-site geology team continues to deliver consistent drilling results less than one kilometre from the processing facility at Dalgaranga,” Gascoyne Resources managing director and CEO Simon Lawson said in the company’s ASX announcement.

“Importantly, the latest drilling results from Gilbey’s North continue to highlight the similarities with the mineralisation styles seen in the main Gilbey’s open pit and, with the closest assay result received so far less than 50 metres from the pit crest, we are growing increasingly confident of the near-term potential to increase resources, reserves and mine life at Dalgaranga.

“The recent addition of a second dedicated RC drill-rig at Gilbey’s North will help us to accelerate the drill-out of what appears to be an important resource extension area in close-proximity to existing mining operations and infrastructure.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@gascoyneresources.com.au

 

Web: www.gascoyneresources.com.au