Litchfield Minerals Limited (ASX: LMS), a critical mineral explorer, has discovered new copper-tungsten targets at its Wolfram Hill Prospect within the Mount Doreen Exploration Licence (EL 31305) in the Northern Territory. This discovery, resulting from comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marks a major milestone in the exploration of this site. The recent IP survey has identified two large and highly promising chargeability targets located to the north and south of the existing mineralised zones. These findings suggest the potential for substantial extensions of the known mineralised reef at depth and along the strike to both the…
Intra Energy Corporation Limited (ASX: IEC) has announced the discovery of significant lithium anomalies at its Maggie Hays Hill (MHH) project in Western Australia's Lake Johnston Greenstone Belt. This discovery places the company at the forefront of lithium exploration, with the potential to impact the global lithium supply chain. A recent soil sampling program revealed two major lithium anomalies, with the primary anomaly stretching over 2,500 metres in length and 300 metres in width. The secondary anomaly measures 1,300 metres by 300 metres. These anomalies are notable for their high lithium values, reaching up to 248ppm Li2O, and are associated with tantalum and caesium, elements indicative of highly prospective…
Ora Gold Limited (ASX: OAU) has announced promising initial assay results from its 2024 RC drilling program at the Crown Prince Prospect within the Garden Gully Gold Project in Western Australia. The results, particularly from the Southeastern Zone (SEZ), highlight significant high-grade gold mineralisation, marking a significant step forward in the exploration of this key growth area. The drilling campaign, initiated in early February 2024, has yielded encouraging results, including an exceptional intercept from drill hole OGGRC662 — 15 metres at 9.91g/t Au from 88 metres, with a higher-grade section of two metres at 54.17g/t Au from 100 metres. Other…
St George Mining Limited (ASX:SGQ) has announced significant developments in its exploration efforts at the Myuna Rocks Project in Western Australia's Ravensthorpe region. The project, owned by Lithium Star Pty Ltd (a joint venture between St George Mining and Amperex Technology Limited), has seen its tenure double in scale, now spanning 546 square kilometres. The newly granted Exploration Licences E74/789 and E74/790 have expanded the project's area, with the land package extending over 50 kilometres north-west along a regional greenstone corridor, starting just five kilometres north of the Mt Cattlin Lithium Mine. This corridor hosts active explorers such as Fortescue,…
The Australian government has recently announced a significant investment of up to $840 million in the Arafura rare earths project and a $230 million loan for Liontown Resources. These investments are part of the government's efforts to boost critical minerals projects and strengthen Australia's position in ethical and sustainable manufacturing of rare earths. The investment in the Arafura rare earths project aims to support the development of the Nolans Project, a rare earth mine located north of Alice Springs. The funding package includes $495 million from the Critical Minerals Facility, $200 million from the Northern Australia Infrastructure Facility (NAIF), $115…
It’s possible that a domestically-listed gold explorer, which boasts a not-too-shabby evolving flagship project in Western Australia’s Wheatbelt, may be looking to lithium to help boost its languishing market valuation. No doubt the WA-based junior is also hoping that a farm-in agreement it made back in 2022 with a fellow exploration house will garner some much-needed shareholder interest sometime in the future. When Austgold Ltd (ASX: AUC) presented at Vertical Events’ RIU Explorers Conference in February last year, its share price was around the 0.05 cents mark, giving it a market capitalisation of $105 million. By the same time this…
A West Australian junior involved in a number of exploration projects is confident it has come across an iron oxide-gold-copper (IOCG) deposit in its home state. Late last year, Miramar Resources Ltd (ASX:M2R) said that a review of historical drilling data had “potentially” revealed very significant magnetite iron opportunities at its wholly-owned Whaleshark project, which sits within the Carnarvon Basin in WA’s Ashburton region. Field work conducted in the area by Western Mining Corporation (WMC) in the 1990s whilst exploring for an IOCG intersected significant widths of magnetite-rich banded iron formation (BIF) averaging above 25 per cent iron beneath younger…
Argosy Minerals Limited has successfully produced battery-grade life-cycle engineering (LCE) product from the Stage 1 Plant at the Rincon Lithium Project in the Salta Province of Argentina. [caption id="attachment_11937" align="alignleft" width="281"] Image courtesy of Argosy Minerals Limited.[/caption] The Australian owned company said that following the recent plant works at the site, approximately 30kg of LCE product was produced. The product was tested in-house and the results indicated that the product is a lithium carbonate content value of 99.6 per cent. “We are delighted at this significant milestone – to achieve such a result from our Stage 1,500tpa capacity plant is…
Canadian company McEwen Mining has just announced exploration results from their ongoing $15 million exploration program at the Black Fox Complex near Ontario in Canada. McEwen intends to grow its known deposits and will continue to make new discoveries that contribute to near-term gold production. The company recently completed a total of 39,300 metres of surface exploration drilling at the site, for a year-to-date total of 66,900 metres. “Our drilling continues to deliver very encouraging results, particularly from the three project areas highlighted in this release: Stock East, Froome and Gibson. Continued drilling success reinforces our view about the strong…
Mokran Solar Power Plants Complex was constructed in the eastern province of Kerman over a period of six months. The opening of the plant took place in the presence of Iran's Energy Minister Hamid Chitchian, Deputy Minister and the Head of Renewable Energy and Energy Efficiency organization (SATBA) and other government officials, on Monday. The plant holds the capacity of approximately 20 megawatts and was built with an investment of US $27 million by Swiss company Durion, supervised by a German company, Adore. The plant includes a total of 76,912 solar panels, each producing 260 watts over an area of…
The companies behind the Zaldívar copper mine in Chile have plans to become the country’s first mine to operate with 100 per cent renewable electricity. The mine forms a part of a Joint Venture between the Chile-based copper mining group, Antofagasta PLC, and the Canadian gold-mining company Barrick. The Zaldívar copper mine is currently located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometres north of Santiago and 175 kilometres southeast of the port city of Antofagasta. If successful, the works at the Zaldívar copper mine will be able to replace greenhouse gas emissions equivalent to…
The announcement was made on July 21, that Indian Oil Corporation Limited (IOCL), ONGC, GAIL, Oil India Limited and Numaligarh Refinery Limited (NRL) have come together to sign a Joint Venture (JV) agreement for the execution of the North-East Natural Gas Pipeline Grid Project. The Joint Venture between the five companies was on the agreement to ‘develop, build, operate and maintain’ the new Natural Gas Pipeline Project which has plans to connect the Indian City Guwahati to other major North-Eastern cities, and major load centres such as Numaligarh Refinery. This agreement will also include the integration of the North-East Natural…
Mozambique-focused emerging mining company Mustang Resources (Mustang), has just agreed to merge their ruby interests with gemstone mining and marketing company, Fura Gems Inc (Fura). The agreement between the two companies was made for approximately A$10 million in Fura shares. Under the agreement, shares will be given in three tranches, over 20 months, and will give Mustang around an 8 per cent stake in the Canadian-based company, Fura, with this agreement excluding the percentage equity dilution from capital raised from today onwards. Fura is set to give Mustang shareholders a significant exposure to the rapidly growing ruby market via a…
Emerging West African gold developer, Golden Rim Resources, has just released news of a new gold discovery at Red Hill, which is located approximately 4.5km from their Kouri Gold Project in Burkina Faso (West Africa). Broad zones of significant gold mineralisation was discovered at Red Hill, approximately 4.5 km south west of the mineral resource at Kouri. Both of the drill holes completed at Red Hill returned gold intercepts that include: 11m at 2.2g/t gold from 77m, including 2m at 7.7g/t gold, and 1m at 6g/t gold from 114m in NKRC030; 16m at 1.8 g/t gold from 29m and 10m…
