OzAurum Resources Scores Excellent Drilling Results from Mulgabbie North

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THE DRILL SERGEANT: OzAurum Resources’ (ASX: OZM) timing in the lead up to the RIU Explorers Conference next week was spot on with the release of drilling results from the company’s Mulgabbie North project located in the Eastern Goldfields of Western Australia.

OzAurum Resources reported high-grade gold results from recently completed Reverse Circulation (RC) and Diamond drilling programs at the Mulgabbie North project, including:

MNODH 014
13 metres at 4.6 grams per tonne gold from 21m, including 1m at 22.7g/t gold from 21m and 1m at 22.1g/t gold from 22m; and

MNORC 208
23m at 2.46g/t gold from 56m, including 6m at 5.1g/t gold from 70m.

OzAurum explained the gold mineralisation at Mulgabbie North is consistent with gold grades over wide zones demonstrating repeatability of twinned holes providing the company with considerable confidence in the project moving forward.

Mulgabbie North gold mineralisation is open along strike and at depth with many targets still to be drill tested with future RC drilling.

“The company continues to make exciting progress at Mulgabbie North,” OzAurum Resources CEO and managing director Andrew Pumphrey said in the company’s ASX announcement.

“Further excellent drilling results continue from the Mulgabbie North roject with the Mineral Resource Estimate scheduled to be released in Q2 2023 – representing a huge milestone for the company.

“First sighter heap leach Metallurgical results will be released shortly aimed at providing potential treatment options.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Nexus Minerals Drills Encouraging Wallbrook Gold Results

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THE DRILL SERGEANT: Nexus Minerals (ASX: NXM) can expect to be fielding a raft of enquiries at the RIU Explorers Conference next week after releasing exploration news from the company’s Wallbrook gold project near Kalgoorlie in Western Australia.

Nexus Minerals announced assay results from extensional reverse circulation (RC) drill programs at the Crusader-Templar and Branches prospects as well as results received from regional aircore drilling, at the MC4.1 and MC3.1 prospects.

The Branches RC drill program extended the mineralised corridor to over one kilometre in strike length (increased from 600 metres) as extensional drill holes intercepted mineralisation at shallow depths above 150m.

Nexus considers the positive drill results on the most northern (4m at 2.85g/t gold within 10m at 1.33g/t gold) and most southern drill lines (12m at 1.84g/t gold within 17m at 1.39g/t gold), in areas of no previous exploration, support the ongoing potential of mineralised corridor MC1, which remains open in all directions.

First pass aircore drill testing of Target MC4.1 intersected mineralised quartz-goethite alteration and hematite altered quartz porphyry in a number of the holes drilled.

Nexus indicated this to be the same mineralisation style as seen at the Crusader-Templar and Branches prospects.

“The Crusader-Templar and Branches prospects extensional RC drill program has yielded great results that have added to both of the prospects respective drill footprints,” Nexus Minerals managing director Andy Tudor said in the company’s ASX announcement.

“We continue to be on track for the Crusader-Templar Mineral Resource Estimate to be completed by the end of the March quarter.

“The aircore drill program testing of regional target MC4.1 also provided some great results and is now ready for RC drill testing.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Latin Resources Increases Salinas Lithium Project Tenure

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THE DRILL SERGEANT: Latin Resources (ASX: LRS) will host a busy booth at the RIU Explorers Conference next week after announcing expansion of the company’s Salinas lithium project in Brazil.

Latin Resources has expanded its Salinas project tenure, by securing a large package of new tenements in the highly prospective region which hosts the company’s 100 per cent-owned Colina lithium deposit.

Latin Resources released a maiden Mineral Resource Estimate (MRE), for the Colina deposit of 13.3 million tonnes at 1.2 per cent lithium oxide (Li2O), along with a JORC Exploration Target Range (ETR) for the deposit of 13.5 – 22 million tonnes with a grade range of 1.2 – 1.5 per cent Li2O, in early December 2022.

The company has lodged 17 new applications covering over 29,940 hectares with the Brazilian National Mining Agency (ANM) over what it considers areas that contain favourable basement lithologies to host lithium bearing pegmatites, like those found at Colina.

“The Bananal Valley region is a highly prospective district, as we have proved with the discovery and delineation of the Colina lithium deposit,” Latin Resources geology manager Tony Greenaway said in the company’s ASX announcement.

“Our proprietary knowledge gained over the past 12 months throughout the resource definition drilling of Colina, coupled with our understanding of the wider regional controls to mineralisation in this area, has enabled us to identify these opportunities to secure what we believe are favourable exploration areas for the company.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Galan Lithium Moves to Full Ownership of Candelas Project

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THE DRILL SERGEANT: Galan Lithium (ASX: GLN) managing director JP Vargas de la Vega is always up for a chat and next week at the RIU Explorers Conference will be no exception.

Vargas de la Vega will no doubt be enthusiastic to spruik the company’s progression to 100 per cent-ownership of the Candelas project in the Catamarca Province, Argentina.

A PEA Study completed in 2021 estimated a production profile for Candelas of 14,000 tonnes per annum of battery grade lithium carbonate product including some technical grade product for the first three years.

The Candelas project is supported by a full Preliminary Economic Assessment (PEA) and a JORC 2012 Resource and is close to the company’s Hombre Muerto West project.

“The Candelas project was our first project foray into Argentina, and we now have final full ownership of the project,” Vargas de la Vega said in the company’s ASX announcement.

“Over the journey, our focus has understandably been on Hombre Muerto West but once we complete the DFS and associated works and infrastructure projects we will move forward on Candelas.

“With our five years of lithium knowledge in the region, we will initially re-visit all our geological data and analysis.

“Don’t forget, Candelas is a stand-alone, lithium brine project in the Catamarca province, with no water access concerns, that shows robust economic returns.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Identifies Bresnahan as Emerging Light & Heavy Rare Earth Province

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has provided punters attending the RIU Explorers Conference next week something more to think about.

Dreadnought Resources reported that assays from recent reconnaissance surface sampling confirmed unconformity heavy rare earth element (HREE) mineralisation at the company’s 100 per cent-owned Bresnahan project, located in the Ashburton Region of Western Australia.

Results from the sampling returned an alphabet of results, including:

BBRK0046
1.33 per cent total rare earth oxide (TREO) (31% neodymium praseodymium (NdPr):TREO and 25% HREE:TREO) comprised of: 3.25kg/t neodymium (III) oxide (Nd2O3), 0.84kg/t praseodymium (III, IV) oxidePr6O11, 0.34kg/t dysprosium (III) oxide (Dy2O3), 0.06 kg/t terbium (III) oxide (Tb2O3); and

BBRK0050
1.21 per cent TREO (30% NdPr:TREO and 19% HREE:TREO) comprised of: 2.8kg/t Nd2O3, 0.77kg/t Pr6O11, 0.25kg/t Dy2O3, 0.05kg/t Tb2O3.

Dreadnought declared the HREE results and associated phosphorus (P), strontium (Sr) and barium (Ba) pathfinders to be similar to those seen at the unconformity HREE Browns Range deposits owned by Northern Minerals.

The company added that Bresnahan is believed to be the first application of the unconformity HREE model outside the Athabasca Basin in Canada and the North Australia Craton (including Browns Range) where the model was developed.

“From concept to proof of concept in a few months, and a single reconnaissance field visit, Dreadnought has positioned itself with a significant land holding in an emerging HREE province making Dreadnought one of the few, if not only, rare earth companies with exposure to critical light (Nd, Pr) and heavy (Dy, Tb) rare earths,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“With over 3,700 square kilometres to now systematically explore, Dreadnought is excited at what Bresnahan will produce over the next 12 months as we aim to generate and define targets throughout 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Azure Minerals Delivers Maiden Resource for Ridgeline Nickel Deposit

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THE DRILL SERGEANT: Azure Minerals (ASX: AZS) managing director Tony Rovira will be ready to speak to all comers at the RIU Explorers Conference next week.

Azure Minerals has delivered the maiden Mineral Resource Estimate (MRE) for the Ridgeline deposit, the second MRE to be defined on the company’s Andover nickel project (60% Azure / 40% Creasy Group), in the West Pilbara region of Western Australia.

The Ridgeline deposit estimate contains 1.3 million tonnes at 1.11 per cent nickel, 0.46 per cent copper and 0.05 per cent cobalt for 14,700 tonnes of contained nickel, 6,100 tonnes of contained copper and 640 tonnes of contained cobalt.

The new Ridgeline estimate combines with the already released Andover deposit to take Global Mineral Resources for the project to 6 million tonnes at 1.11 per cent nickel, 0.47 per cent copper and 0.05 per cent cobalt for 66,400t of contained nickel, 27,800t of contained copper and 3,100t of contained cobalt.

“I am pleased to present the Ridgeline Mineral Resource Estimate which is a great result and demonstrates that there continues to be excellent potential to significantly expand the resource base of the Andover nickel project through ongoing exploration success,” Rovira said in the company’s ASX announcement.

“With the final and deepest drill hole at Ridgeline returning the best mineralised intersection to date (14.5m at 2.26% Nickel – ASX: 23 November 2022), I am confident that we can grow this resource even further.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Coda Minerals Nearing Completion of Elizabeth Creek Scoping Study

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THE DRILL SERGEANT: Coda Minerals (ASX: COD) will land at the RIU Explorers Conference next week with plenty of news regarding progress of a Scoping Study at the company’s 100 per cent-owned Elizabeth Creek copper project in South Australia.

Coda Minerals is conducting the Scoping Study for the copper-cobalt Resources at Elizabeth Creek that includes new developments with the process plant flowsheet design.

Coda has assessed material inputs into the upcoming Scoping Study up to the point of production of a copper-cobalt concentrate from a centrally located on-site flotation plant.

These studies cover the full project scope from mining, processing and transportation through to non-process infrastructure, as well as preliminary environmental and hydrogeological assessment.

The part of the Scoping Study relating to the downstream processing of concentrate to final saleable products remains subject to a series of trade-off studies relating to multiple processing options.

“The completion of the Scoping Study will mark the culmination of an enormous amount of work on the mining and metallurgy of the Elizabeth Creek project,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“Although often considered high-level in nature, a Scoping Study also needs to set out a robust base case encompassing the optimum combination of options to be taken forward into a Pre-Feasibility Study.

“With the vast majority of the mining and metallurgy work, as well as all ancillary inputs, now complete, we are making excellent progress with the final stages of the study.

“The work still to be completed relates to one of the project’s greatest strengths – the amenability of cobalt to high recoveries and processing to deliver valuable battery-grade end-products on site.

“With all but one of the trade-off studies now complete, we expect to finalise this work very shortly and look forward to completing the study towards to the end of the current quarter with the results likely to be presented to the market in April 2023.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Altech Chemicals Making Progress at Silumina Anodes Project

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THE DRILL SERGEANT: Altech Chemicals (ASX: ATC) managing director Iggy Tan will be eager to speak with delegates at the RIU Explorers Conference next week.

Altech Chemicals advised the market that construction of the company’s Silumina Anodes pilot plant in Germany underway with the pilot plant’s front end, known as the wet circuit, progressing well.

Infrastructure, including power supply, building modifications, laboratory, and front-end wet circuit are nearing completion with commissioning of the front end of the pilot plant now underway.

Aluminium chloride feedstock digestion, which will be used for the alumina coating process, is expected to be commissioned in the coming weeks.

In anticipation of the pilot plant being commissioned, Altech is progressing with the Silumina Anodes 10,000 tonnes per annum Definitive Feasibility Study (DFS) by completing the phase 1 process definition.

The DFS is running in parallel with the pilot plant construction.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Prodigy Gold Scores Encouraging Phreaker Polymetallic Results

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THE DRILL SERGEANT: Prodigy Gold (ASX: PRX) should attract some attention at the RIU Explorers Conference next week after announcing results from diamond drilling at the Phreaker prospect on the company’s Lake Mackay project in the Northern Territory.

The Lake Mackay project is located around 400 kilometres to the west of Alice Springs and includes a number of Joint Ventures with IGO (ASX: IGO).

Prodigy Gold completed a single diamond drill hole at the Phreaker prospect on the base metal tenements in November 2022 to follow-up highly encouraging polymetallic results from a 2021 IGO drill hole that returned encouraging polymetallic results.

PRDD2203
2.3 metres at 1.14 per cent copper, 0.97 per cent zinc, 9.1 grams per tonne silver and 0.11g/t gold from 739.8m, including 0.3m at 5.65 per cent copper, 3.64 per cent zinc, 45g/t silver and 0.7g/t gold from 741.5m;
3.3m at 0.42 per cent copper, 0.57 per cent zinc, 3.7g/t silver, and 0.26g/t gold from 697m; and
3.5m at 0.57 per cent copper, 0.34 per cent zinc and 3.8g/t silver from 718.5m.

“The completed sole funded drill programs at Lake Mackay have been undertaken to facilitate the restructuring of the JV’s with IGO, giving Prodigy Gold a majority interest in the gold tenements, while retaining its position in the base metal tenements,” Prodigy Gold managing director Mark Edwards said in the company’s ASX announcement.

“With the satisfaction of the sole funding commitments, Prodigy Gold will focus on advancing the gold prospects at Lake Mackay.

“Prodigy Gold has been reviewing exploration data for the gold tenements and is planning further drilling at the Goldbug prospect to follow-up on highly encouraging gold results previously reported by IGO.

“Drilling is planned for the second half of 2023 after drilling on our Tanami North project area has been completed.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Hammer Metals Claims Copper/REE System Discovery at Hardway

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) has claimed discovery of a large zone of copper and rare earth element (REE) mineralisation from initial RC drilling at the Hardway prospect, located within the company’s broader Mount Isa portfolio in Queensland.

Hammer Metals drilled a single hole at Hardway to test underneath a historic open pit.

This hole produced results that include:

HMHWRC001
30 metres at 1.1 per cent copper from 48m; and

26m at 0.14 per cent total rare earth and yttrium oxides (TREOY) from 34m, including 9m at 0.2 per cent TREOY.

“This is a fantastic way to start the year, with the results from our first hole at Hardway exceeding the team’s expectations,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“Seeing a wide zone of strong copper and rare earths mineralisation in the initial drilling and at shallow depths is a fabulous result which when combined with broad soil anomalism indicates that we have a significant mineralised system on our hands.

“Encouragingly, copper and heavy rare earth mineralisation has also been identified by mapping and sampling at various points along an approx. two kilometres long trend.

“Hardway adds to a growing list of prospective mineralised zones identified by Hammer’s 2022 programs that will be drilled by the company in the first quarter of this year.

“Results from our recent Kalman drilling are eagerly awaited and the current uplifts in both molybdenum and copper prices give added momentum to the future development of Hammer’s resources in one of the world’s greatest base metal provinces.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE