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.