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News from 23rd May, 2023

*Disclaimer

ASX Briefs · Battery Metals News for May 23, 2023

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RSH: RSH acquires US based Access RPM, capital raise and new NED

RESPIRI LIMITED 🔗 📄 📈

Respiri to acquire US-based remote patient monitoring company Access Managed Services LLC for up to USD $3.0 million.
Funding for the acquisition will come from a A$4.5 million convertible note issue and a A$2 million share purchase plan offer.
Brian Leedman, a prominent Australian healthcare entrepreneur, will be appointed as a non-executive director of the company.

2023-05-23 17:32:00

PXS: PXS Announces Encouraging Results from Phase 1c Scar Study

PHARMAXIS LTD 🔗 📄 📈

Pharmaxis announces encouraging results from Phase 1c study of topical Pan LOX inhibitor in established skin scars, showing good safety profile and biomarker improvements.
There was a marked change in scar composition with a 30% reduction in collagen content, the first-ever proof that LOX inhibition reduces skin collagen.
However, no overall improvements in scar appearance were seen at 3 months, suggesting the need for longer study in established scars.

2023-05-23 16:32:00

SBM: St Barbara Board determines not to engage with Silver Lake

ST BARBARA LIMITED 🔗 📄 📈

St Barbara Board decides not to engage with Silver Lake's Revised Non-binding, Indicative, and Conditional Proposal for Leonora assets, citing excessive conditionality.
The Revised Proposal offers $370 million in cash and 327.1 million new Silver Lake shares, estimated to be worth $650 million after tax; St Barbara prefers the fully documented and financed Binding Genesis Transaction.
Genesis Minerals Limited now on track to acquire Leonora Assets by 30 June, backed by support from 49% of Genesis' shares on issue.

2023-05-23 14:20:00

SVY: Stavely Minerals Acquires Prospective WA Ni-Cu-Co Project

STAVELY MINERALS LIMITED 🔗 📄 📈

Stavely Minerals Limited will acquire Chalice Mining Limited's Hawkstone Nickel-Copper-Cobalt Project in the West Kimberley region of Western Australia.
The project is located along strike from the high-tenor Merlin Ni-Cu-Co discovery by the Buxton Resources/IGO JV.
The acquisition will be for a consideration of $1.4 million of equivalent value in Stavely Minerals shares.

2023-05-23 12:46:00

KAL: Pinjin farm-in & acquisition

KALGOORLIE GOLD MINING LIMITED 🔗 📄 📈

KalGold enters binding agreements to acquire 75% interest in Kirgella and Pinjin South gold tenements, covering 48.9 km2 in Western Australia.
Agreements increase Pinjin Project's gold prospectivity and involve a minimum $1.4M spend on drilling during a two-year period.
KalGold acquires 100% interest in two tenements at Rebecca West for $100,000 cash consideration.

2023-05-23 12:46:00

WML: EM Survey Commenced at Musgrave Nickel-Copper Project

WOOMERA MINING LIMITED 🔗 📄 📈

A 2,000 line-kilometre airborne electromagnetic (AEM) survey has started at Woomera's 100% owned Musgrave Project in South Australia, targeting potential nickel-copper mineralization.
Preliminary survey results are expected in June 2023, with drilling of any EM anomalies planned for the second half of 2023.
Woomera received a grant of up to $200,000 under the South Australian Government's Accelerated Discovery Initiative for drilling programs on the Musgrave project.

2023-05-23 12:11:00

VN8: Appointment Ian Porter as CEO

VONEX LIMITED.. 🔗 📄 📈

Matt Fahey resigns as CEO and Director of Vonex Limited, effective immediately, and hands the reins to a new leader.
Ian Porter, a telco industry veteran, is appointed as the new CEO of Vonex Limited, overseeing technical, operational, and major account management.
Porter's appointment demonstrates commitment to the company's success through a significant portion of his cash salary being offset with equity participation.

2023-05-23 12:08:00

ATX: Grant to collaborate with CSIRO Supplementary Announcement

AMPLIA THERAPEUTICS LIMITED 🔗 📄 📈

Amplia Therapeutics receives a grant for a research collaboration with CSIRO to develop novel topical formulations of the company's FAK inhibitors.
The funding is provided through Innovation Connections and has a total project value of $94,500, aimed at creating a product to aid healing and reduce scarring in wounds and burns.
Amplia CEO Dr. Chris Burns expresses excitement about working with the world-class research team at CSIRO and exploring FAK inhibitors' potential in topical applications.

2023-05-23 11:22:00

AKO: AKORA Successfully Completes Capital Raising

AKORA RESOURCES LIMITED 🔗 📄 📈

Entitlement Offer successfully completed, raising the maximum $2,310,087.
Mr. Stuart Crow supported the full allocation of the remaining shortfall and additional placement, raising $1,241,186 and $475,182 respectively.
Total proceeds raised amount to $3,578,269, assuring budgeted programs continue to progress.

2023-05-23 10:59:00

AW1: Assays Confirm Thick Intervals of Copper at Storm

AMERICAN WEST METALS LIMITED 🔗 📄 📈

Assays confirm 28.9m of high-grade copper mineralization in drill hole SR23-01 at Storm Copper Project, Canada.
Recent drilling at 4100N Zone reveals strong near-surface copper mineralization over 850m x 300m, open along strike.
RC drilling continues, with all current drill samples sent to the laboratory for analysis.

2023-05-23 10:54:00

BEZ: US$3m initial payment received

BESRA GOLD INC. 🔗 📄 📈

Second 'Initial Payment' of US$3m from Quantum Metal Recovery Inc received by Besra Gold Inc.
Proceeds to be used for exploration, feasibility studies, mine development purposes, and working capital.
General Meeting to approve the Facility scheduled for 24 July 2023.

2023-05-23 10:38:00

RNX: Drilling hits more copper sulphide zones at Mongoose

RENEGADE EXPLORATION LIMITED 🔗 📄 📈

Renegade Exploration Limited encountered additional zones of visible copper sulphide mineralization in second stage reverse circulation drilling at its Mongoose Copper-Gold Project.
Holes RMG032 and RMG018 are among the campaign highlights, with large visible copper mineralization.
Renegade geologists are currently on the ground conducting further field work to site the next phase of drilling, focusing on identifying new prospects to the south and west.

2023-05-23 10:12:00

ESR: Carr Boyd Project Exploration Update

ESTRELLA RESOURCES LIMITED 🔗 📄 📈

Exploration review at Carr Boyd identifies multiple new targets for nickel sulphides and PGEs.
16km Colreavy Komatiite recognized as a high priority exploration target.
Estrella seeking joint venture partners to accelerate and fund long-term exploration efforts.

2023-05-23 10:08:00

KGL: Completion of Entitlement Offer

KGL RESOURCES LIMITED 🔗 📄 📈

KGL Resources Limited's Entitlement Offer raised $13.5 million, representing a 67% take-up rate.
Funds raised will be used for Jervois development, de-risking, and ongoing drilling activities.
New Shares issue and allotment scheduled for 25 May 2023, with normal trading commencing on 26 May 2023.

2023-05-23 10:07:00

RIM: Unsolicited Funding Proposal Update

RIMFIRE PACIFIC MINING LIMITED 🔗 📄 📈

Rimfire Pacific Mining received an unsolicited funding proposal from Lake Grace Exploration Pty Ltd, an associated entity of Mr. Anthony Billis, which includes a $1.67 million investment and a 1 for 6 entitlement offer.
The proposal also involves changes to the Board of Directors, with the appointment of three new directors and the resignation of three existing directors.
Rimfire is currently considering the funding proposal and whether shareholder approval should be sought.

2023-05-23 09:56:00

TYX: Tyranna receives Ministerial approval on Licence Transfer

TYRANNA RESOURCES LIMITED 🔗 📄 📈

Tyranna Resources receives Ministerial Approval for the transfer of the Namibe Project Licence to its Angolan subsidiary.
This approval is a key condition for the completion of the agreement with Sinomine and their $14.5m Phase 1 funding.
The project aims to benefit the Angolan economy, local workforce, and contribute to the global electric vehicle market.

2023-05-23 09:55:00

TSL: GSMB approve retention of major Project License

TITANIUM SANDS LIMITED 🔗 📄 📈

EL370 retention has been granted by GSMB.
All of TSL's 5 key exploration licenses are current, allowing the Company to continue with the EIA process.
The EIA process will enable the Company to advance to the issue of the project mining licence.

2023-05-23 09:54:00

ALM: $2.0M Placement to Fund Additional Drilling at Briggs, QLD

ALMA METALS LIMITED 🔗 📄 📈

Alma Metals Ltd raises $2.0 million for additional drilling at the Briggs copper deposit in Central Queensland.
Funds will be used to evaluate further extensions to the mineral resource and to evaluate higher-grade zones within the resource.
A revised mineral resource estimate for Briggs copper deposit is expected in early Q3, 2023.

2023-05-23 09:53:00

OEL: GC 21 Now Producing From Both DTR-10 Zones

OTTO ENERGY LIMITED 🔗 📄 📈

GC 21 "Bulleit" well intervention operations have successfully established flow from the lower DTR-10 sand.
The well is now producing from both the upper and lower DTR-10 sands at a significantly increased rate of approx. 1,400 bbl/d oil and 1,000 Mscf/d gas (8/8ths).
Preliminary field estimates for the costs incurred on this lower sand well intervention total approximately US$12.8 million (8/8ths) (US$2.1 million, net to Otto), which is significantly lower than previous estimates.

2023-05-23 09:44:00

GRL: Drill Ready Copper Targets Identified at Yeoval East

GODOLPHIN RESOURCES LIMITED 🔗 📄 📈

Soil and rock chip samples from Yeoval East Prospect reveal highly anomalous copper and gold, indicating potential to expand the Yeoval Copper and Gold Mineral Resource Estimate.
An area of approximately 600m long and 200m wide with greater than 150ppm Cu in soil was identified, associated with altered and sheared granodiorite host rock.
Planning for follow-up drilling is underway to further investigate the copper-gold mineralization at the Yeoval East Prospect.

2023-05-23 09:44:00

BOD: Updates regarding Aqua Phase Delivery Technology

BOD SCIENCE LIMITED 🔗 📄 📈

Bod Science has received ethics approval for a Pharmacokinetic (PK) Study to compare the bioavailability of Aqua Phase Cannabidiol (CBD) and CBD in Medium Chain Triglycerides (MCT) oil.
Aqua Phase Technology demonstrated significant solubility enhancement through ultraviolet analysis, and a second PK study using microsampling technology is also underway.
Advanced collaboration discussions are ongoing for the use of Aqua Phase Technology in multiple treatment areas, including those outside of cannabis.

2023-05-23 09:43:00

LEL: Excellent Met Results Pave Way for PFS Commencement

LITHIUM ENERGY LIMITED 🔗 📄 📈

Metallurgical test work by BGRIMM confirmed excellent results, upgrading Burke Graphite to battery-grade material with >96% TGC concentrate grades and >85% recovery rates.
Lithium Energy Limited will now progress with a Pre-Feasibility Study (PFS) for producing battery anode material.
The PFS will be conducted by Wave International and the Measured Group to develop a vertically integrated Purified Spherical Graphite (PSG) manufacturing facility in Queensland, using Burke Graphite as feedstock.

2023-05-23 09:39:00

FG1: Laffer Tin Prospect Sampling Results

FLYNN GOLD LIMITED 🔗 📄 📈

Reconnaissance mapping and assays confirmed potential for significant tin system at the Laffer Prospect in Tasmania, with tin mineralization occurring over a 1km strike length.
21 out of 35 rock samples assayed over 0.1% Sn, with up to 3.58% Sn from cassiterite bearing quartz veins, and elevated lithium values up to 0.16% Li2O.
Flynn Gold Limited plans to conduct further exploration at Laffer and other tin prospects in NE Tasmania in the coming months.

2023-05-23 09:34:00

BKT: Black Rock Expands Offtake Partnership with POSCO

BLACK ROCK MINING LIMITED 🔗 📄 📈

Black Rock signs non-binding Memorandum of Understanding offtake agreement with Strategic Alliance Partner, POSCO for the supply of 6,000 metric tonnes per annum of high-quality large natural flake graphite concentrate from Mahenge Module 1.
Agreement deepens Black Rock's relationship with POSCO, represents potential for additional revenue, and builds confidence for Mahenge to become a significant new source of graphite.
Black Rock will commence negotiations with POSCO to finalize a binding agreement subject to product specifications and commercial terms.

2023-05-23 09:33:00

HHR: Operational Update & Progressions Towards Development

HARTSHEAD RESOURCES NL 🔗 📄 📈

Hartshead Resources is finalizing and submitting the Field Development Plan for Phase I development of Anning and Somerville gas fields to the NSTA.
The Phase 1 Front End Engineering Design (FEED) is now 90% complete, with first gas production targeted for 2025.
Invitations To Tender for Phase 1 platforms and pipeline route surveys are being issued, with a decision for the UK 33rd Offshore Licensing Round expected in H2 2023.

2023-05-23 09:26:00

HFR: Key Strategic Investment of A$25m Secured

HIGHFIELD RESOURCES LIMITED 🔗 📄 📈

Highfield Resources secures a strategic investment of A$25 million from EMR Capital and Tectonic Investment Management.
The investment will be in the form of convertible notes, providing a cash injection for the company.
The proceeds will help Highfield move the Muga Mine project forward and finalize discussions with other potential investors.

2023-05-23 09:24:00

LEX: Acquisition of Mineral Rights Transforms Lefroy

LEFROY EXPLORATION LIMITED 🔗 📄 📈

Strategic acquisition of mineral rights on East Location 45 from Franco-Nevada, expanding Lefroy's contiguous land package to 631.7km².
Total mineral resource inventory increased to 1.1Moz Au, 58kt Cu, and 15kt Ni with the addition of the Mt Martin Gold Mine and Goodyear nickel deposit.
Separate listing for subsidiary Johnston Lakes Nickel Ltd planned for the second half of 2023, while the company plans to fast-track gold production.

2023-05-23 09:22:00

PNN: Substantial Lithium Brine Resource Incahausi Salar Argentina

POWER MINERALS LIMITED 🔗 📄 📈

Incahuasi Salar confirms a maiden Lithium Brine JORC Mineral Resource of 249,308 tonnes Lithium Carbonate equivalent (LCE) at 198 mg/l concentration.
The new Resource more than doubles the Salta Project's total Lithium JORC Mineral Resource to 488,308t LCE.
Power Minerals' ongoing JORC Mineral Resource expansion program includes drilling at Rincon salar and planned maiden JORC Mineral Resource at Laguna Verde Project.

2023-05-23 09:22:00

OMA: OMA's First Drilling Campaign Results Confirms Major System

OMEGA OIL & GAS LIMITED 🔗 📄 📈

Omega's Canyon 1 drilling reached TD on 21st May, intersecting 424m of gas-rich zone, greater than 293m at Canyon 2.
Planning is underway for Omega's hydraulic stimulation campaign later this year.
The company is financially secure to progress its completion and extended production testing program.

2023-05-23 09:22:00

4DX: 44Medical unveils VQ product at premier US lung conference

4DMEDICAL LIMITED 🔗 📄 📈

4DMedical has made significant progress in developing its CT-based ventilation-perfusion product (CT:VQ), which visualizes and quantifies regional ventilation and perfusion in the lungs.
The breakthrough technology allows for vascular perfusion analysis without the need for contrast, providing valuable diagnostic information and reduced costs for hospitals.
First clinical data was presented at the American Thoracic Society (ATS) annual conference, showcasing the potential benefits of CT:VQ for a wider range of patients with lung conditions.

2023-05-23 09:18:00

CKA: Batu Tuhup Permanent Jetty Development Update

COKAL LIMITED 🔗 📄 📈

Batu Tuhup Jetty Development project progresses as per schedule with 8.94% work completion.
Construction of on-site facilities and procurement of materials and equipment are ongoing.
Off-site fabrication works are being conducted at the contractor's facility.

2023-05-23 09:15:00

MRC: Additional Information - MSP Funding and Garnet Offtake

MINERAL COMMODITIES LTD 🔗 📄 📈

Mineral Commodities Ltd (MRC) and its empowerment partner, Blue Bantry, have entered into offtake and funding agreements through their subsidiary Mineral Sands Resources with Garnet International Resources Pty Ltd, a member of the GMA Group.
The offtake agreement's termination provisions include conditions such as material breach of provisions, insolvency, and force majeure events.
The funding agreement is secured by an initial General Notarial Bond during construction, followed by a Special Notarial Bond over the funded Mineral Separation Plant, along with MRC acting as a guarantor.

2023-05-23 09:07:00

SLA: Superior Proposal from EC Healthcare

SILK LASER AUSTRALIA LIMITED 🔗 📄 📈

SILK Laser Australia Limited received a non-binding and indicative proposal from EC Healthcare for acquiring 100% of SILK's shares at $3.35 cash per share.
The EC Proposal is superior to the Australian Pharmaceutical Industries Pty Limited (API) proposal, with a 6.3% premium to the cash consideration of $3.15 offered by API.
API has until 30 May 2023 to provide a matching or superior proposal in response to SILK's notification, and SILK shareholders do not need to take any action at this time.

2023-05-23 09:06:00

QML: Ground Truthing EM Targets Locates Azurite up to 30.04% Cu

QMINES LIMITED 🔗 📄 📈

Ground truthing of EM anomaly locates high-grade copper mineralization in outcropping gossans.
Malachite and azurite bearing gossans show up to 30.04% Cu (pXRF), and quartz breccia shows up to 23.48% Cu (pXRF).
Access agreements for priority EM targets are being finalized, with drilling to commence shortly.

2023-05-23 09:03:00

AZS: Heritage Clearances Received for Andover Lithium Exploration

AZURE MINERALS LIMITED 🔗 📄 📈

Heritage clearances received for priority lithium pegmatite targets at the Andover Project.
Accessible targets include AP0005, AP0006, AP0009, AP0010, AP0011, and AP0012; track and drill pad establishment has begun, and two RC drilling rigs are being mobilised to site.
Further heritage clearance surveys are planned for additional priority targets, and approvals are in place for the next stage of drilling at Andover.

2023-05-23 09:03:00

POL: Endeavor Near Surface Resource 94% Measured & Indicated

POLYMETALS RESOURCES LTD 🔗 📄 📈

Drilling increases contained silver by 2.9 million oz to 8.9Moz within Upper Main Lodes (+48%).
55% of Resources within Upper Main Lodes in Measured category (+67%), 94% in Measured & Indicated category.
Increased confidence for establishment of Ore Reserves as Mine Restart feasibility study progresses.

2023-05-23 08:56:00

ASN: Anson to Acquire Land for Green River Li Processing Plant

ANSON RESOURCES LIMITED 🔗 📄 📈

Anson Resources signs Letter of Intent for acquiring 0.568 km2 of privately owned, industrial use land near the Green River Lithium Project in Utah, USA.
The acquisition includes water rights, as well as oil, gas, and mineral rights underlying the new landholding.
The site provides easy access to rail, road, gas, and power infrastructure, with plans for developing a lithium extraction and production facility.

2023-05-23 08:54:00

RXM: Letter of Intent with Hitachi executed for Mining Fleet

REX MINERALS LIMITED 🔗 📄 📈

Rex Minerals signs a Letter of Intent with Hitachi Construction Machinery to allocate Ultra-class mining equipment costing over $100M for the Hillside Copper-Gold Project.
The equipment includes four excavator units and twelve 300-tonne capacity haul trucks, securing long lead time items for the project timeline.
Hitachi plans to provide after-sales support, including parts inventory, staff training, technical support, and equipment servicing in South Australia.

2023-05-23 08:53:00

XAM: High Impact Drilling Programme at Kharmagtai

XANADU MINES LTD 🔗 📄 📈

Aggressive 18,000m growth and discovery drill discovery programme underway at the Kharmagtai copper-gold project.
Operating 6x total diamond drill rigs, including 2x discovery rigs and 4x PFS infill rigs with a combined 54,000m drilling plan.
Kharmagtai JV funds the high-impact discovery drilling programme and PFS with a total investment of US$35M.

2023-05-23 08:40:00

FTL: Rock Chips confirm Fertile System at Yalgoo Lithium Project

FIRETAIL RESOURCES LIMITED 🔗 📄 📈

Detailed mapping confirms continuation of fertile pegmatites and LCT mineralisation at Johnson Well in the Yalgoo Lithium Project.
Preparations for drilling campaign at Johnson Well are well advanced, with drilling set to commence in June.
Mapping and rock chip sampling at the Dalgaranga Project has outlined significant areas of outcropping pegmatites.

2023-05-23 08:37:00

AUN: Drilling at Sandstone to Commence

AURUMIN LIMITED 🔗 📄 📈

Drilling to commence on 9 open pit targets at Aurumin's Sandstone Project, with 44 holes planned and an estimated 5,000m to be drilled.
First pass exploration drilling follows up geochemical and structural targeting; all targets within 3km of the processing plant footprint.
Drilling expected to begin in the first half of June, targeting multiple depositional models and styles of mineralization.

2023-05-23 08:35:00

FBM: Phase 2 Drilling to Commence at Nevada Lithium Project

FUTURE BATTERY MINERALS LIMITED 🔗 📄 📈

Phase 2 RC drilling program for the Nevada Lithium Project is set to begin in the first week of June 2023, with planning and permitting complete.
Drilling aims to extend known lithium claystone horizons at Western Flats, Lone Mountain, and the untested Heller prospect.
Future Battery Minerals has expanded the project area by adding 36 new claims at Western Flats and Lone Mountain.

2023-05-23 08:35:00

BDG: Black Dragon Gold Commences Maiden Drilling at Padbury Gold

BLACK DRAGON GOLD CORP. 🔗 📄 📈

Maiden drilling programme commences at Padbury Gold Project in North Yilgarn Craton
10 x 100m reverse circulation holes will be drilled into select prospective targets
Targeting intrusion related gold structures and shear hosted mineralised zones untested before

2023-05-23 08:18:00

MGU: Drilling campaign completed at Buena Vista

MAGNUM MINING AND EXPLORATION LIMITED 🔗 📄 📈

An RC drilling campaign has successfully completed at the Buena Vista Iron Project
Samples are undergoing initial preparation and assaying, with visual identification indicating wide zones of magnetite have been intersected
Follow-up drilling will be planned once all assays are received

2023-05-23 08:16:00

AR3: Assays pave way for more Resource growth at Koppamurra

AUSTRALIAN RARE EARTHS LIMITED 🔗 📄 📈

Strong drilling results indicate potential growth in the Koppamurra rare earths project resource in South Australia.
Significant mineralization is found outside the existing resource, north and south of it, with high combined Neodymium/Praseodymium (Nd/Pr) and Dysprosium (Dy) percentages.
The results will be included in the resource update scheduled for the coming quarter, with Koppamurra well-positioned to take advantage of developments in the Climate, Critical Minerals, and Clean Energy Transformation Compact between Australia and the USA.

2023-05-23 08:15:00

MGV: High-grade drilling results at Leviticus, Cue Gold Project

MUSGRAVE MINERALS LIMITED 🔗 📄 📈

High-grade drilling results at Leviticus, Cue Gold Project reported by Musgrave Minerals Ltd.
New assay results from RC drilling highlight the high-grade nature of the Leviticus mineralisation.
Leviticus deposit is 1.5km south of White Heat and considered an early mining option for reduced capital costs.

2023-05-23 08:15:00

BM8: Non-Renounceable Entitlement Offer Loyalty Options

BATTERY AGE MINERALS LTD 🔗 📄 📈

Battery Age Minerals Ltd announces a non-renounceable pro-rata offer of up to 25,655,000 unquoted Loyalty Options for eligible shareholders, with a potential to raise up to $128,000.
The Loyalty Options will have an issue price of A$0.005 per Loyalty Option, an exercise price of A$0.50, and an expiry date of 27 January 2026.
Funds raised from the issue and exercise of the Loyalty Options will be used for development on the Company's existing and potential new projects and general working capital.

2023-05-23 08:14:00

GEN: Baniaka Mining Permit progress and non-dilutive US$2M financ

GENMIN LIMITED 🔗 📄 📈

Large-scale Mining Permit application for Baniaka iron ore project in Gabon is progressing, with an expected grant by the end of June 2023.
Genmin has completed non-dilutive US$2 million working capital financing for securing the Mining Permit, pre-development activities, and general working capital.
Discussions are ongoing for an additional non-dilutive US$5 million in royalty funding.

2023-05-23 08:13:00

MLS: Outstanding Battery Test Results for Lac Rainy Graphite

METALS AUSTRALIA LTD 🔗 📄 📈

Electrochemical tests confirm Lac Rainy battery-grade spherical graphite is premium-quality lithium-ion battery anode material with exceptional charging capacity, discharge performance, and durability.
Tests results exceed the requirements of major lithium-ion battery and electric vehicle manufacturers, demonstrating the potential for enhanced economics of spherical graphite production.
The company plans to launch feasibility studies for the Lac Rainy Graphite Project and commence a major trenching and drilling program to expand the resource.

2023-05-23 08:13:00

GSR: Drilling Now Underway at Phillips Find Gold Project

GREENSTONE RESOURCES LIMITED 🔗 📄 📈

5,500 metre drill campaign underway at Phillips Find Gold Project, targeting historic mining center and four regional targets.
Phillips Find Mining Centre currently holds a JORC (2012) Mineral Resource of 54,557oz at 2.3 g/t Au.
Drilling efforts aim to test high-grade extensions beneath the historic mining center and untested high-grade intercepts at depth.

2023-05-23 08:13:00

MZZ: Matador Commences 2023 Exploration Program

MATADOR MINING LIMITED 🔗 📄 📈

Matador Mining Limited has commenced its 2023 exploration program in Newfoundland, Canada.
The program will focus on Greenfields discoveries along the Cape Ray Shear Zone and the Hermitage Flexure, primarily targeting the Malachite area.
Exploration tools and techniques will include diamond drilling, basal till / bottom-hole sampling, induced polarised geophysics, and prospecting, mapping, and sampling.

2023-05-23 08:13:00

BC8: Paulsens Gabbro Veins Extended

BLACK CAT SYNDICATE LIMITED 🔗 📄 📈

Black Cat Syndicate announces extension of Paulsens Gabbro Veins through underground diamond drilling, with high-grade assay results.
Underground drilling will focus on extending Gabbro Veins, infilling lodes not in the current Resource, and testing for new lodes.
Restart Study to support a potential decision to resume mining is expected to be completed in mid-2023.

2023-05-23 08:13:00

SIH: Ore Reserve and Economic Update for Sihayo Starter Project

SIHAYO GOLD LIMITED 🔗 📄 📈

Updated Ore Reserve estimate and project economics for the Sihayo Starter Project show an 18% uplift in Life of Mine gold production and a 48% uplift in Post-Tax Net Present Value.
Significant upside exploration potential exists, with assays for final three holes of drilling program targeting deeper mineralisation at Sihayo expected shortly, and an update of the Sihayo Mineral Resource estimate expected in Q2 CY2023.
Caustic Leaching has proven to be transformational for the project, with a technically robust open pit project with attractive economics and potential for significant upside through deeper, high-grade mineralisation beneath the current planned pit shell.

2023-05-23 08:12:00

WGX: Great Fingall Deeps - Outstanding Drill Results Continue

WESTGOLD RESOURCES LIMITED. 🔗 📄 📈

Three new drill holes support the revised geological model, interpreting the Great Fingall Reef to split into two parallel reefs.
Outstanding assay results were returned, including high-grade intercepts, which could significantly derisk development plans and increase Mineral Resources.
Westgold plans to announce a new Mineral Resource Estimation in early June 2023 and could restart the existing shallow decline in Q1, FY24 pending a positive Final Investment Decision.

2023-05-23 08:12:00

CPN: Widespread REE Mineralisation Across Mount Squires

CASPIN RESOURCES LIMITED 🔗 📄 📈

Additional drill results show further significant shallow Rare Earth Element (REE) mineralisation at Mount Squires Project.
Latest drill and rock chip results contain a high proportion (29%) of heavy REE (HREE) in TREO, indicating significant prospectivity across the area.
RC drill program set to commence in mid-June to test extensions and obtain samples for metallurgical test work and ongoing mineralogical analysis.

2023-05-23 08:11:00

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