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Anticipation Builds for RIU Explorers Conference

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THE CONFERENCE CALLER: The RIU Explorers Conference kicking off in Fremantle next week will have a bit of everything for everyone ranging from positive drilling results to on-market takeover bids. We can’t wait.

 

Patronus Resources’ Makes Matsa Resources Takeover Bid Just in Time for RIU Explorers

THE CONFERENCE CALLER: A takeover bid by Patronus Resources (ASX: PTN) for Matsa Resources (ASX: MAT) provides next week’s RIU Explorers Conference a bit of colour.

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Carnaby Resources Drills Further Encouragement at Greater Duchess

THE DRILL SERGEANT: Carnaby Resources (ASX: CNB) released results from a recent busy round of drilling completed at the company’s Greater Duchess copper gold project in Mt Isa, Queensland.

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Black Cat Syndicate Resumes Paulsens Underground Drilling

THE DRILL SERGEANT: Black Cat Syndicate (ASX: BC8) is conducting underground drilling at the company’s Paulsens gold operation in Western Australia.

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Critica Declares Jupiter Maiden Resource as Australia’s Largest Clay Hosted REE Resource

THE DRILL SERGEANT: Critica (ASX: CRI) released, what the company claims as being, the “largest and highest-grade clay hosted rare earth resource”, in Australia.

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Hot Chili Confirms LaVerde Copper-Gold Porphyry Discovery

THE DRILL SERGEANT: Hot Chili (ASX: HCH) declared confirmation of a copper-gold porphyry discovery at the La Verde copper-gold discovery near the company’s Costa Fuego copper-gold project in Chile.

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Matsa Resources Encounters High-Grade Gold Intercept at Fortitude North

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) rebuked a take over offer from Patronus Resources (ASX: PTN) while announcing a high-grade gold intercept at the company’s Lake Carey gold project in Western Australia.

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Mt Malcolm Mines Producing Gold Sales from Golden Crown Bulk Sampling

THE DRILL SERGEANT: Mt Malcolm Mines (ASX: M2M) continues to produce gold recoveries of note from the company’s Golden Crown prospect in Western Australia.

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Red Metal Confirms REO Continuity via Infill Drilling at Sybella Discovery

THE DRILL SERGEANT: Red Metal (ASX: RDM) has drilled confirmation that of wide zones of rare earth oxide mineralisation continue at the company’s Sybella rare earth discovery near Mt Isa.

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Critica Declares Jupiter Maiden Resource as Australia’s Largest Clay Hosted REE Resource

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THE DRILL SERGEANT: Critica (ASX: CRI) released, what the company claims as being, the “largest and highest-grade clay hosted rare earth resource”, in Australia.

Critica made the bold statement when releasing an independent maiden Mineral Resource Estimate (MRE) for its flagship Jupiter project, which forms part of the company’s broader 100 per cent-owned Brothers clay hosted rare earth project in Western Australia.

The MRE has come in with a Global Resource of 1.8 billion tonnes at 1,700ppm total rare earth oxide (TREO) (1,000ppm cut-off), including a high-grade resource of 500 million tonnes at 2,200ppm TREO (1,800ppm cut-off).

Critica said the Inferred MRE, prepared by resource consultancy SRK Consulting, had greatly exceeded its own expectations in terms of both tonnes and grade.

“It is incredibly exciting to be able to unveil Australia’s premier clay hosted rare earth deposit – the numbers speak for themselves,” Critica managing director Philippa Leggat said in the company’s ASX announcement.

“Our maiden resource represents a major milestone that we have, rather remarkably, delivered in just over a year from announcing the discovery in November 2023.

“The size and grade in the clay-hosted Jupiter deposit is unmatched in Australia, and globally significant.

“The development potential is boosted by its exceptional location in a well-established, West Australian mining district that benefits from robust existing infrastructure.

“Moreover, the near-surface and highly consistent nature of the deposit affords us optionality when it comes to considering future processing and development scenarios.

“Our initial metallurgy has demonstrated the potential to beneficiate our grade by 830% while simultaneously reducing the overall mass by an extraordinary 95%.

“We are well funded to continue advancing this testwork and drill test our satellite discoveries to assess the true potential of our provincial scale opportunity at the broader Brothers project.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Critica Encounters Best Intersection to Date at Jupiter

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THE DRILL SERGEANT: Critica (ASX: CRI) released the latest results from resource drilling targeting high-grade zones at Jupiter, part of the company’s Brothers rare earth element (REE) project in Western Autralia.

Critica explained the drilling program was designed to increase drilling density in the high-grade zones of Jupiter, to enhance certainty in the continuity of this mineralisation.

The company declared the new assay results validated the high-grade continuity and include the best recorded intersection to date from Critica’s drilling of the Jupiter discovery of:

JPAC088
67 metres at 3,074ppm total rare earth oxides (TREO) ending in mineralisation.

“We chose to increase drilling density in the high-grade zones of Jupiter to further improve confidence in the continuity of this mineralisation, ahead of our maiden resource estimate for the Brothers project,” Critica managing director Philippa Leggat said in the company’s ASX announcement.

“This set of assay results have readily demonstrated this continuity.

“It’s also incredible to see our flagship project delivering another record-breaking drill intersection, this time being 67 metres at 3,074 ppm TREO.

“This phenomenal hole (JPAC088) ended in mineralisation – even after using all drill rods we were still in rare earth mineralisation at 99 metres.

“Our outstanding technical team continue to demonstrate that Jupiter hosts consistent, high-grade rare earth mineralisation over tens of kilometres confirming the potential of Jupiter and the Brothers project to host one of the largest clay-hosted rare earth discoveries in Australia.

“With aircore and diamond drilling complete, and final assays pending, we are well positioned to provide a detailed and high-quality dataset to our independent geologists for preparation of our maiden resource estimate.

“We also have several laboratories working on all aspects of our comprehensive metallurgical program, with successful beneficiation outcomes being our first goal.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE