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Asra Minerals Confirms High-Grade Gold at Kookynie East

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) intersected gold with three diamond drill holes recently completed at the company’s Kookynie East gold project in Western Australia.

Asra Minerals carried out the drilling as part of a confirmatory diamond drill program, which it reported to have returned considerable gold grades at depth extending mineralisation that was indicated by historical drilling.

Each of the three holes drilled across the project’s Orion and Sapphire targets intersected targeted mineralised structure in a slightly deeper than expected location helping to validate geological interpretation based on historical drilling.

Gold assay results, include:

Sapphire

NICD005
1 metre at 47.95 grams per tonne gold from 115.2m; and

NICD006
1m at 23.12g/t gold from 148.7m.

Orion

NICD003
0.8m at 23.97g/t gold from 161.2m.

“We are very encouraged by the results from this program and to see gold in the drill core,” Asra Minerals executive chairman Paul Summers said in the company’s ASX announcement.

“The diamond program successfully intersected the targeted structure which not only strengthens our confidence in historical drilling, but also demonstrates the extension of mineralisation at depth.

“We now have valuable structural information with the anticipated high-grade lode positions confirming our interpretations, as well as the validity of historical drilling information at both Orion and Sapphire.

“We will continue to systematically extend these known targets including a range of additional resource growth and discovery targets that have been generated from our extensive data review.

“With multiple exploration programs underway we are pleased to provide Asra shareholders with strong news flow for the remainder of the year.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Asra Minerals Reports Initial MRE for Yttria REE Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) reported its first JORC 2012-compliant Mineral Resource Estimate (MRE) for the company’s 100 per cent-owned Yttria rare earth element (REE) deposit.

Asra Minerals reported the MRE covers the first two kilometres of strike at the Yttria REE deposit that sits within its Mt Stirling project near Leonora in the Goldfields region of Western Australia.

The Yttria MRE has come in at 15 million tonnes at 490ppm total rare earth oxide (TREO) with 67ppm scandium oxide (Sc2O3), 55 per cent of which has been categorised as Indicated.

The MRE has a high ratio of 55 per cent heavy rare earth oxides (HREO) incorporating high value dysprosium (Dy) and terbium (Tb) rare earth oxides.

Asra considers the high ratio of 55 per cent heavy and 22.5 per cent magnet rare earth oxides boosts Yttria’s credentials as a well-studied deposit in a Tier 1 mining jurisdiction the company expects will expand as ongoing exploration and metallurgical work provides further detail on the controls on mineralisation and refinement in potential recoveries and methods of extraction.

Recently carried out phase one metallurgy found two potential pathways to extract REE at Yttria, with results, including magnet rare earth elements (MREO) extractions of up to 78 per cent.

“Our maiden MRE for the Yttria REE deposit is an exciting moment for Asra Minerals and our shareholders, placing us another step closer to delivering the critical minerals needed to charge global electrification,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“This MRE sits neatly within our extensive gold portfolio at Mt Stirling in the world-renowned Goldfields region, where we also hold a current gold JORC Resource of 152,000 ounces at 1.7 grams per tonne gold across the project.

“Our focus will now turn to progressively expanding and growing the REE resource at Mt Stirling and utilise these learnings for exploration activity at our nearby Kookynie West project, just south of Leonora.

“I look forward to providing further updates as we venture into this next phase of exploration across our multi-commodity portfolio in Western Australia.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Explorers Rebut Recent Sentiment

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COMMODITY CAPERS: Although there has been some pain for lithium stocks of late, it seems the essential battery starter is doing its best to escape from being clumped in with other underperforming commodities.

This week some of the bigger players in the lithium space enjoyed some slight gains with IGO (up 4.9 per cent) and Pilbara Minerals (up 6.3 per cent) on Wednesday helping to lead the mining sector (up 0.5 per cent) higher on that particular day.

There was also plenty of action in amongst the smaller participants during the week who, it seems, are prepared to take on market sentiment and not succumb like their nickel counterparts.

 

 

TG Metals (ASX: TG6) informed the market of an encounter with further lithium mineralisation whilst drilling at the Burmeister prospect within the company’s Lake Johnston lithium-nickel-gold project in Western Australia.

TG Metals reported assays from an ongoing diamond drilling campaign it said had confirmed continued intersections of spodumene bearing pegmatites exhibiting high lithium oxide (Li2O) grades.

Results included

TGRCD0043
23.5 metres at 1.52 per cent Li2O from 127.4m, including 6.6m at 1.55 per cent Li2O from 127.4m and 14m at 1.67 per cent Li2O from 136.5m;

TGRCD0032
10.5m at 1.6 per cent Li2O from 87.2m; and

TGRCD0037
7.6m at 1.37 per cent Li2O from 119.4m and 1.6m at 2.32 per cent Li2O from 97.7m.

“These initial results from the 2024 drilling confirm Burmeister as a significant high-grade spodumene lithium discovery with excellent potential as a near term major deposit,” TG Metals CEO David Selfe said in the company’s ASX announcement.

“This large mineralised system continues to show upside with thick pegmatite intervals intersected up dip from the original discovery holes.

“The drilling program has provided sufficient core sample for our first round of metallurgical testwork which will now begin in earnest.

“The results of this will add to the planning for resource drill out at Burmeister.

“Permitting on the promising Jaegermeister prospect is progressing well with field activities nearing completion.

“In addition, we will be testing wider expanses of the soil anomaly with seismic geophysics to further inform the lithium pegmatite geological model and our drill targeting.

“We look forward to the next round of drilling on Burmeister and the first drilling on our other highly prospective targets at Jaegermeister and Tay.”

TO READ THE FULL TG METALS ANNOUNCEMENT: CLICK HERE

TG Metals CEO David Selfe and Wally Graham at the 2024 RIU Explorers Conference in Fremantle

 

Widgie Nickel (ASX: WIN) may consider a change of shingle having carried out a targeted review of its entire tenement package for lithium-caesium-tantalum (LCT) pegmatites in 2023 following the company’s Faraday lithium discovery in October 2022.

The review identified prospects surrounding Faraday-Trainline, Voyager, Farson4 and other regional targets, which are now being systematically assessed via reconnaissance campaigns.

The latest of these is the Gemini prospect, located 600m north of Atomic 3 and extends the lithium trend to 1.2km from Voyager lithium prospect.

Visible spodumene has been identified in the field supported by high-grade rock chip assays.

“Widgie’s lithium exploration program is starting to paint a bigger picture of endowment,” Widgie Nickel managing director and CEO Steve Norregaard said in the company’s ASX announcement.

“Hot on the heels of the Farson discovery we have identified another new high-grade lithium occurrence at a new prospect named Gemini with indications that there may be a substantial feeder system in close proximity.

“Boots on the ground geology is paying dividends with these additional results from our 2024 field program re-evaluating the whole of Widgie’s tenure for lithium.

“The systematic approach starting with grassroots mapping and sampling has been validated by these high-grade lithium results.

“This is only the beginning.

“Widgie is well positioned to make further discoveries in the highly prospective Lithium Corridor and is ideally set to build on an already established lithium resource base of 13,500 tonnes of contained Li2O and its substantial nickel endowment of 190,300 tonnes of contained nickel.”

TO READ THE FULL WIDGIE NICKEL ANNOUNCEMENT: CLICK HERE

 

 

Asra Minerals (ASX: ASR) extended its lithium exploration tenure by entering an option agreement to add two new tenements to its Lake Johnston project portfolio.

Asra Minerals’ Southern Hub at the Lake Johnston project will expand to 550 square kilometres of land in the southern Yilgarn region of Western Australia some 150km south-west of Kalgoorlie.

The company described the ground as “fertile geological ground for LCT pegmatites”,noting it to be surrounded by several lithium projects.

“Recent lithium bearing pegmatite discoveries, and investment by Rio Tinto into the Lake Johnston area, validates the districts enormous critical mineral potential, and its vastly under-explored status,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“The long term outlook for lithium is strong and new discoveries in Tier 1 jurisdictions like Western Australia are vital to support the growing demand for critical minerals and decarbonisation efforts, globally.

“Recent funding by the Government to assist early stage critical mineral exploration companies to grow end-to-end supply chains with Australia’s International partners is further evidence of the global efforts to encourage exploration and discoveries.

“Asra’s Southern Hub will be expanded as prospective ground becomes available to explore and improve our chances of discovery in the highly enriched and easily accessible southern Yilgarn area of WA.

“We are excited to partner up with the respected Geoscientists at Waree to explore two additional EL’s that adjoin our current holding at Lake Johnston.”

TO READ THE FULL ASRA MINERALS ANNOUNCEMENT: CLICK HERE

 

 

Green Technology Metals (ASX: GT1) announced infill lithium assay results returned from the North and South Aubry deposit located at the company’s Seymour lithium project in Canada.

Green Technology Metals reported an encounter with high-grade long intervals more than 20m thick and with grades up to 2.92 per cent Li20, which it claims to continue to confirm strong continuity of lithium mineralisation at the North Aubry deposit.

The infill results will assist a Mineral Resource Estimate upgrade for Seymour Green Technology Metals currently has underway, enabling improved Resource confidence category levels to feed more tonnes into an upcoming DFS.

The drilling achieved the best high-grade drilling intercept returned to date across the company’s portfolio of:

GTDD-23-0446
24.2m at 2.69 per cent Li20 from 235.8m, including 22.2m at 2.92 per cent Li20 from 235.8m.

Current North Aubry Mineral resources are 10.3 million tonnes at 1.03 per cent Li2O, representing part of a Global Resource of 24.9 million tonnes at 1.13 per cent Li2O.

“These recent results from infill drilling at Seymour are some of the highest grade and thickness ever defined, further proving the robust nature and quality of the North Aubry pegmatite which is amenable to both open pit mining and simple dense media separation,” Green Technology Metals CEO Luke Cox said in the company’s ASX announcement.

“The team will now start modelling an updated MRE for Seymour increasing the resource confidence level, that will be used in the upcoming Feasibility study.

“Looking ahead to the second half of 2024, we have plans to expand our regional resource base and look forward to commencing our maiden exploration drilling campaign at the nearby highly prospective Junior lithium project, which sits in the same proven fertile greenstone belt as Seymour.”

TO READ THE FULL GREEN TECHNOLOGY METALS ANNOUNCEMENT: CLICK HERE

Green Technolgy Metals CEO Luke Cox and Wally Graham at the 2024 RIU Explorers Conference in Fremantle

 

 

 

Asra Minerals Drilling to Target Little Wonder Gold Deposit

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THE DRILL SERGEANT: Asra Minerals (ASX: ASR) is in preparation mode for a reverse circulation (RC) drilling program to be undertaken at the Little Wonder gold deposit, within the company’s Mt Stirling project near Leonora in Western Australia.

Asra Minerals explained the former gold producing mine forms part of its Northern Hub of projects, with drilling plans at Little Wonder aiming to evaluate the old mine site’s potential, test for mineralisation extensions along strike, and to better understand the gold mineralisation controls in the region.

Subject to approvals, Asra anticipates drilling to commence in Q1 2024 comprising an initial 10 to 12-hole RC program for approximately 2,000m.

Once both visual geological logging and analytical results are received, a plan for follow up drilling will be developed.

Little Wonder is one of 10 gold prospects within the Mt Stirling project.

“Asra’s gold assets at the Mt Stirling project are vastly under-explored, yet highly prospective with an existing 152,000 ounce JORC gold resource,” Asra Minerals managing director Rob Longley said in the company’s ASX announcement.

“During last week’s site visit, we confirmed the geological position of the Little Wonder deposit is directly comparable with large historical gold mine settings in the Leonora region situated along the same fault system.

“This region has recently produced 14 million ounces of gold from large operating mines including Red5’s King of the Hills site, Tower Hills, Thunderbox, Harbour Lights and Gwalia.

“It makes perfect sense to get the drill bit back into our ‘golden roots’ at Mt Stirling as the Australian and US gold price remains strong.

“Simultaneously, field teams are undertaking geochemical soil surveys for lithium mineralisation at Lake Johnston in our Southern Hub, and metallurgical work continues on our Yttria REE deposit in our Northern Hub.

“With a bolstered exploration team and new funding in the bank through our recent placement, we are excited to deliver exploration results on our gold and critical mineral projects in this highly prospective region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Asra Minerals Raises $2.5M to Accelerate Exploration

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THE BOURSE WHISPERER: Asra Minerals (ASX: ASR) has secured $2.5 million in funding by way of a share placement to accelerate exploration activities across its portfolio of prospective Western Australia projects.

Asra Minerals the funding will be used to fast-track activities across its projects, including exploration, geochemistry, and further expansion of its highly prospective Lake Johnston and Lake Cowan lithium projects in the southern Yilgarn region.

Asra is currently evaluating potential additions to its Lake Johnston lithium portfolio and has teams in the field now looking at both existing and new opportunities.

The new cash will also be splashed on metallurgical testwork and orebody modelling at the company’s Yttria rare earth project as well as evaluation of scandium potential at Yttria.

Asra will also progress exploration work at its gold projects at the Mt Stirling project, as well as sites in Leonora and Kookynie.

“Asra is strategically establishing a significant exploration portfolio in Western Australia, while building a highly competent field and technical team to deliver value on these assets to shareholders,” Asra Minerals executive chairman Paul Summers said in the company’s ASX announcement.

“This has generated significant demand for this Placement from existing and new supportive shareholders, and I thank them for their ongoing support.

“I also welcome the new institutional and sophisticated investors to the company’s register.

“This Placement provides a strong balance sheet that allows the company to accelerate exploration activities and technical studies across our lithium, rare earth and gold projects in the highly prospective and richly endowed Goldfield’s region of Western Australia.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE