Panoramic Resources Limited appointed administrators have determined that operations at the company’s Savannah Nickel Project in the Kimberley region of Western Australia are to be suspended after in-depth discussions with major creditors, key suppliers and other stakeholders. This decision comes after a recent shipment of approximately 10,000 tonnes of nickel concentrate on 3 January 2024 — however, nickel prices have continued to decrease. As a consequence of this decision, the majority of the c.140 Panoramic staff on-site at the Savannah Nickel Project will face redundancy. Employees with unpaid accrued entitlements are creditors in a voluntary administration of a company with…
Zenith Minerals Limited has resumed 100 per cent ownership over its two significant lithium projects — the Split Rocks Lithium Project and the Waratah Well Lithium Project — in Western Australia. Zenith Managing Director Michael Clifford said: “Regaining full control of our key lithium assets in Western Australia is a crucial step forward. “Our technical team has made significant progress at both Split Rocks and Waratah Well without drilling this past year, highlighting the untapped potential of these projects. “As we move into an extensive exploration campaign for 2024, our focus remains on strategic growth and the continuous enhancement of…
There is no doubt the West Australian-based GreenTech Metals Ltd (ASX: GRE) will generate excitement amongst lithium investors at Vertical Events’ approaching 2024 RIU Explorers Conference in Fremantle. This interest will not just come from the recent results of the diamond drilling the company conducted at its wholly-owned Ruth Well project, but also on the work it has carried out at its Osborne joint venture with Artemis Resources Ltd (ASX: ARV), both of which are located in the iron ore hub of WA’s Pilbara. Late last year GRE announced the Northern LCT pegmatite (Kobe), which sits within both Ruth Well…
Boron and lithium company — 5E Advanced Materials, Inc. — has officially begun mining operations at its 5E Boron Americas Complex with the startup of the wellfield injection process. The company is now working under its EPA UIC permit to extract valuable minerals from its wholly-owned project at Fort Cady. Following the recent announcement of its operational plan, the company has now begun wellfield operations to complete outstanding operational items at the facility in parallel. 5E expects to begin lab production in the short term and production of boric acid and lithium carbonate from the small-scale facility by the end…
American sustainable lithium developer Arizona Lithium Ltd has announced that the company’s Prairie Lithium Project’s lithium carbonate equivalent (LCE) resources has increased to 6.3 million tonnes (MT) from 5.7 MT LCE. This increase is primarily attributed to the successful acquisition and resource assessment of newly leased lands, adding an additional 600,000 tonnes of LCE to Prairie's resource base. Approximately 500,000 tonnes are classified as Indicated. The new resource estimate comprises 4.5 MT LCE Indicated and 1.8 MT LCE Inferred. The 6.3 MT of LCE at Prairie now represents a staggering nine years of global LCE consumption based on 2022 figures.…
WA-focused gold and lithium explorer BMG Resources Limited has received and processed all assays from the second drilling program at its wholly-owned Bullabulling project located in the Coolgardie region of the Eastern Goldfields in Western Australia. The next phase of work will include step out drilling at Ubini and Poolmans Wealth, and follow up drilling of additional targets. BMG Resources Managing Director Bruce McCracken said: “At Ubini, BMG confirmed the lithium bearing pegmatites extend for more than 250 metres and remain open along strike. “At Poolmans Wealth, drilling delivered further shallow high-grade gold intercepts. “With a large, strategically located footprint…
Mineral exploration company Rincon Resources has announced that the use of portable x-ray fluorescence (pXRF) analysis has been instrumental in identifying two distinct anomalous rare earth element (REE) trends in the Pokali North area within the West Arunta Project in Western Australia. The two significant REE trends are within and near the Tin-Tungsten system at Pokali North and these trends are indicative of a high potential for REE deposits in the area. The Total Rare Earth Element (TREE) results from rock-chip samples include samples KWRK094 (showing 0.48 per cent TREE), KWRK104 (at 0.43 per cent TREE), and KWRK107 (with 0.25…
Oar Resources Limited (ASX: OAR), an exploration and development company focused on battery and critical minerals, has reported significant progress in its global expansion and financial performance for the first quarter ending 31 March 2024. The company has signed a binding agreement to acquire 100 per cent interest in two Exclusive Prospecting Licences (EPL) located in Namibia's Erongo Region, a well-known uranium mining jurisdiction. This move positions Oar in a major uranium-producing region, enhancing its portfolio with valuable uranium prospects. In Brazil, Oar has expanded its presence by securing pegging applications for uranium and rare earth element (REE) prospects in…
Alderan Resources Limited (AL8) is gearing up for a Stage 1 diamond drilling program at the New Years prospect, part of its Frisco copper-gold project in Utah, USA. The program, scheduled to commence in June 2024, will consist of four holes totalling 540 metres, with an additional six holes (1,500 metres) planned for Stage 2 pending the results of the initial drilling. The company has also begun soil sampling over the composite New Years magnetic anomaly to extend coverage from the 1960s, with grades up to 0.31% Cu. The anomaly, double the size of the Cactus anomaly, forms part of…
Pantera Minerals Limited (PFE), a key player in the exploration and development of lithium resources, is poised to capitalise on the growing demand for lithium in the United States. The surge in demand, driven by the increasing adoption of electric vehicles (EVs) and renewable energy storage solutions, presents a significant opportunity for Pantera. A recent article by Fastmarkets highlighted the critical role of lithium in the green energy revolution. As the US transitions to a cleaner energy future, lithium-ion batteries are becoming essential for powering EVs, grid-scale energy storage systems, and other applications. Fastmarkets forecasts a substantial growth in US…
Critical mineral explorer, Litchfield Minerals Limited (ASX: LMS), has announced the discovery of several new chargeability targets at the historic Mount Irene Mine in Canada. The findings, revealed after a successful Gradient Array Induced Polarisation (GAIP) survey in March 2024, signify a significant breakthrough in the company's exploration efforts. The GAIP survey, known for its precision and depth, has identified multiple new chargeability targets extending towards the northwest (NW) of Mount Irene. These targets indicate the potential for substantial extensions to the known mineralised reefs, opening new avenues for exploration and development. Among the key highlights of the GAIP survey…
Alderan Resources Limited (ASX: AL8) is making significant progress in its exploration efforts, with updates on its copper exploration project in Utah, USA, and its lithium projects in Minas Gerais, Brazil. Utah Copper Exploration: Preparations for drilling at the New Years copper-gold prospect in Utah's Frisco project are proceeding rapidly. The company is finalising the precise locations and orientation of a planned three-hole diamond drilling program, aiming to commence drilling this quarter. Alderan already has permitted drill sites within the Frisco project area, with the permit expected to be amended for the new locations. Brazil Lithium Exploration: Alderan's stream sediment…
American Rare Earths (ASX: ARR | OTCQX: ARRNF and AMRRY) has released the findings of the Halleck Creek Scoping Study Technical Report by Stantec Consulting Services Inc., highlighting the project's potential as a low-cost, scalable, and world-class rare earth elements (REE) venture in Wyoming, USA. The study projects an attractive NPV8 of US$673.9 million and NPV10 of US$505.1 million (pre-tax), with an IRR of 22.5 per cent and a 2.9-year payback period based on a three million tonnes per annum (Mtpa) operating scenario. Initial capital expenditure is estimated at US$456.1 million, including a US$76 million contingency. The life of mine…
In a move to accelerate the Halleck Creek project, American Rare Earths (ARR) has successfully filed a Licence to Explore for Minerals by Dozing with the Wyoming Department of Environmental Quality in the US. This application is a critical step towards initiating test mining operations, as the company seeks approval for two test pits at the Cowboy State Mine site. The test mining is aimed at securing the necessary ore volumes for processing at a pilot facility, setting the stage for the future scaling of an operable mine and processing unit at Halleck Creek. American Rare Earths CEO Donald Swartz…
