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News from 5th January, 2023

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ESR: 5A Nickel Ore Extraction Update

ESTRELLA RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Estrella Resources Limited (ASX: ESR) is pleased to announce the successful extraction of bulk high grade nickel sulphide ore.
  2. The company estimates that it will be able to truck approximately 2,500 tonnes of high grade nickel sulphide ore to Glencoreโ€™s Murrin Murrin HPAL process facility this month.
  3. The company is currently conducting metallurgical test work on new process flowsheet designs for the nickel sulphide resources which could potentially increase the scope and scale of its mining operations.

2023-01-05 11:16:00

CRL: UPDATE ON MOUNT MARGARET COPPER PROJECT ACQUISITION

COMET RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. The agreement between Comet Resources Limited (Comet) and Glencore plc (Glencore) for the acquisition of Mount Margaret contained conditions precedent which were required to be met by 2 December 2022.
  2. As the conditions precedent were not capable of being satisfied, the Company and Glencore have now agreed an extension to 31 March 2023.
  3. The timetable for the close of the transaction will be updated in a future announcement once the Company has received further feedback from the ASX.

2023-01-05 10:56:00

BRU: Operations Update - Ungani Oilfield

BURU ENERGY LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Ungani oil production and operations have been affected by ex-Tropical Cyclone Ellie.
  2. Road closures have meant oil transport operations have been suspended, resulting in suspension of operations at the Ungani Production Facility.
  3. Buru is closely monitoring the impact of the weather system on regional infrastructure and will provide an update on the restart of production once the situation is able to be fully assessed.

2023-01-05 10:45:00

SDV: SciDev Three Year Supply to Iluka Cataby Mine

SCIDEV LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. SciDev has secured a three -year contract with Iluka Resource s Limited at the Cataby Mineral Sands operation in Western Australia.
  2. The contract is expected to generate c.AUD $14.0 million over the life of the contract for the supply of MaxiFloxยฎ chemistry , with sales anticipated to commence in March 2023.
  3. The contract at the Cataby operation follows the ongoing engagement SciDev has with Iluka at their Jacinth Ambrosia operation which commenced in 2019.

2023-01-05 09:49:00

LIN: OUTSTANDING MAIDEN HIGH GRADE RARE EARTHS ASSAYS

LINDIAN RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Assays from first two drill holes demonstrate outstanding grades of up to 11.8% TREO
  2. Continuous rare earths mineralisation over the entire length of holes from surface
  3. Assays demonstrate that, on average, the mineralisation is very low in uranium and thorium

2023-01-05 09:48:00

LKY: Multiple Anomalies from Reconnaissance Sampling

LOCKSLEY RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Results received for 71 rock samples
  2. Multiple anomalies identified
  3. Anomalies supported by historic mine workings and geophysics

2023-01-05 09:37:00

ALK: Tomingley Update and Guidance Upgrade

ALKANE RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Tomingley exceeded production forecast for the December quarter.
  2. December quarter production of 18,301 oz brings 1H2023 production to 37,790 oz Au.
  3. FY2023 guidance for Tomingley is now 62,000oz to 70,000oz Au at an AISC of A$1,550/oz to $1,800/oz.

2023-01-05 09:33:00

FMS: Conditions precedent to FIA for Canegrass completed

FLINDERS MINES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Conditions Precedent to Farm-In Agreement for Canegrass Tenements Completed
  2. The Farm-in Agreement is now effective and exploration work plans for the Canegrass Project will be developed and executed by the Farm-in counterparty, Viking Critical Minerals Pty Ltd.
  3. Exploration developments will continue to be reported by Flinders in its Quarterly Activity Reports.

2023-01-05 09:24:00

GGE: Drill Permit Received for Jesse-2 Helium Well

GRAND GULF ENERGY LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Permit to Drill received for Jesse -2 helium well with spud date on schedule for Q1 2023
  2. Jesse -2 will exclusively target the gas zone(s) discovered in Jesse -1A, incorporating managed pressure drilling which will allow testing while drilling the target reservoir zone
  3. Jesse -2 located 1.5 miles southeast of the Jesse -1A discovery well and within the same structure which intersected a >200ft gas column and returned 1% helium to surface

2023-01-05 09:23:00

STK: Iroquois Demerger and Heritage Update

STRICKLAND METALS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Engaged key consultants during Q4 2022 with work on the proposed demerger well advanced.
  2. Received Heritage Clearance for Iroquois and a number of surrounding prospects, allowing for significant drill programs to commence upon completion of the IPO of the DemergerCo.
  3. Plans to undertake a full in -specie distribution of DemergerCo Shares to shareholders.

2023-01-05 09:04:00

EMN: EMN Submits ESIA and Publishes Sustainability Report

EURO MANGANESE INC ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. The Project is poised to become Europeโ€™s only primary producer of high -purity manganese products with excellent ESG credentials, serving the rapid growth of the EV battery market.
  2. The Project is designed to meet the Czech Republicโ€™s and European Unionโ€™s strict environmental, health and safety standards.
  3. The ESIA is the main step in obtaining the Environmental Decision for the Project.

2023-01-05 08:19:00

NMR: Assays results from the second drill hole at Maneater Hill

NATIVE MINERAL RESOURCES HOLDINGS LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. MPD003 returned best results with 1m intervals recording grades up to 2.8% Zn, 0.19% Sb, 59.4g/t Ag, and 0.72% Pb
  2. MPD003 reinforced interpretation that Maneater polymetallic breccia exhibits metal zoning similar to 1.3 Moz Mt Wright breccia gold deposit
  3. MPD003 contained similar geology to MPD002, intersecting massive, semi-massive, and disseminated sulfides for over 440m from approximately 100m depth downhole to the EOH at 543.3m

2023-01-05 08:19:00

BRK: Juanita Well Operations Update

BROOKSIDE ENERGY LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Mobilisation of Dan D Drilling Rig 7 expected to commence this week.
  2. Post completion of mobilisation the rig will be set -up and tested, with re -entry of the Juanita Well expected during the week of 9 January.
  3. This rig is better suited for the over -pressured regime encountered while previously drilling the Juanita Well, during which oil shows and elevated gas readings were encountered in the first of ten targeted potential reservoirs.

2023-01-05 08:19:00

TKL: At-The-Market Facility established

TRAKA RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Traka Resources Limited has entered into an At-The-Market subscription facility with Dolphin Corporate Investments to provide the Company with up to $3 million of standby equity capital over the next 3 years.
  2. The ATM agreement allows Traka to retain full control over the subscription placement process and sole discretion as to whether or not to utilise the ATM.
  3. DCI is a specialist corporate finance and capital markets advisory firm, with a broad client base of institutional investors and sophisticated investors.

2023-01-05 08:18:00

PR1: Multiple Outcropping Pegmatites Identified - Quebec

PURE RESOURCES LIMITED ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Multiple new outcropping pegmatite occurances at Laforge Lithium Project with 3 samples observed containing visual spodumene which fluoresced under ultraviolet light.
  2. Further investigation is ongoing and assays to fully evaluate the extent and tenor of possible lithium mineralisation are expected in 8 weeks.
  3. Laforge Lithium Project is a signficiant belt-scale project, total of ~270km2, situated 65km northeast of Patriot Battery Metals Inc.โ€™s (CVE: PMET, ASX: PMT) Corvette discovery in the Superior Province, Quebec, Canada.

2023-01-05 08:18:00

PIQ: Letter of intent with Sonic Healthcare USA extended

PROTEOMICS INTERNATIONAL LABORATORIES LTD ๐Ÿ”— ๐Ÿ“„ ๐Ÿ“ˆ

  1. Proteomics International Laboratories Ltd (PIQ) has extended the term of its letter of intent with Sonic Healthcare USA, Inc. (a division of Sonic Healthcare Limited; ASX: SHL) until 31st January 2023.
  2. The binding and exclusive LOI, initially signed in August, provides for entering into an Exclusive Licence Agreement for use of Proteomics International's PromarkerD predictive test for diabetic kidney disease in the United States by Sonic Healthcare USA.
  3. A number of key milestones have already been achieved under the LOI, including PromarkerD becoming a featured test on the Sonic Reference Lab test menu in October.

2023-01-05 08:16:00