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…
Lithium exploration and project development company, Lake Resources NL have confirmed that drill hole locations have now been determined for the upcoming drill program at their 100 per cent owned Cauchari Lithium Brine Project in Argentina. Following recent discussions with relevant authorities in Argentina this week, the company has announced plans to drill three holes, with a possible fourth hole, to depths of 400 metres. Drilling is anticipated to show a likely extension to the high-grade lithium brines in adjacent properties and work is likely to commence in early October, barring any unforeseen delays. Third party drill results on the…
BHP Billiton plc (BHP) has entered into an agreement with Canadian based mining company Guyana Goldfields Inc. (Guyana) to acquire a 6.1 per cent interest in SolGold Plc (SolGold), the majority owner and operator of the Cascabel porphyry copper-gold project in Ecuador. SolGold is a copper-gold exploration company with objectives to discover and define world‐class copper‐gold deposits in Ecuador. They hold the largest exploration team and the most active exploration programme across the country. Cascabel is SolGold’s flagship project and is one of the most advanced resources project in Northern Ecuador. Under the terms of the new agreement, BHP will…
A South Australian mining company’s plans for the largest base metal mine in Algeria is now one step closer to construction, following the completion of a revised Definitive Feasibility Study. Located near the Algerian city of Bejaia, the Tala Hamza Zinc Project is expected to produce an average of 129,300 tonnes per annum of zinc concentrate at 54 per cent zinc (90 per cent recovery) and 26,000 tonnes per annum of lead concentrate at 63 per cent lead (73 per cent recovery) over 21 years. A processing plant with a 1.3 million tonne per annum capacity will also be built…
A contract for a feasibility study into the first-ever high-voltage direct current (HVDC) offshore wind substation in China has been announced. China has committed heavily to developing its offshore wind power generating capacity. It currently plans to have 5 GW of offshore wind power installed by 2020 and in 2017 alone it installed almost 1.2 GW of offshore wind capacity. This brought the cumulative total installed capacity to nearly 2.8 GW, third globally behind the United Kingdom and Germany. However, the country is now faced by the challenge that all the promising wind farm sites within 10 km of the…
Australian gold-focused exploration company, Cardinal Resources Limited has finalised documentation which allows the company to enter into a transaction for US$25million ($AU32 million) with Canadian based Sprott Private Resource Lending to provide a credit facility. The facility will provide working capital and funding to complete the Preliminary and Definitive Feasibility Studies for the Namdini Gold Project, which is located approximately 50km south-east of the regional town of Bolgatanga in Northern Ghana. The project lies within the Nangodi Greenstone Belt, one of a series of granite-greenstone belts within the area which host significant gold mineralisation in Ghana and Burkina Faso. “We…
Australian mineral exploration company, Tyranna Resources Limited has acquired private company US Cobalt Pty Ltd, who owns the Goodsprings Cobalt and Base Metals Project, in Nevada, USA. US Cobalt's Goodsprings Cobalt and Base Metals Project consists of 329 mining claims covering 6,580 acres located within the Goodsprings mining district in southern Nevada. In March this year, Tyranna entered into a binding option agreement to acquire US Cobalt, as part of the company's diversification strategy to capitalise on the battery minerals revolution. Tyranna’s Managing Director, Bruno Seneque said the acquisition was an ‘outstanding deal’ for Tyranna and their shareholders. “Historical mining results…
Rio Tinto recently opened a fourth diamond pipe, known as the A21, at the Diavik Diamond Mine in Canada. The pipe is located adjacent to Diavik’s existing mining operations at Lac de Gras (a notable Lake in Canada that was the centre of the diamond rush of the 1990s). The new open-pit pipe will provide an important source of incremental supply over the next four years, assisting with sustaining production levels at the mine. First ore was delivered in March and the pit is expected to be at full production during the fourth quarter of 2018, following a four-year construction period…
