Please be aware that the information provided is a summary of select releases made to the ASX, as evaluated and interpreted by ASX Briefs. It is important to thoroughly read the entire original release before forming an opinion, rather than relying solely on the brief overview presented here. ASX Briefs is not associated with the ASX. ASX Briefs is an experimental AI project incorporating chatGPT, and as such, does not guarantee the accuracy of the information provided.
Pacific Nickel Mines completed the initial infill and grade control drilling at the Kolosori Project, with high nickel grades observed, consistent with the geological block model.
A 20m x 20m drilling program has also been completed for further detailed grade control, and the drilling data will be used to finalize pit designs for initial mining areas.
The results support the company's plan to start mining as soon as practicable and are important for finalizing the drawdown of the second tranche of funding under the US$22m debt facility provided by Glencore International AG.
Positive preliminary technical study for lithium carbonate production at North American Lithium (NAL) operation in Québec, with a standalone pre-tax NPV of A$3.2 billion and combined NAL NPV of A$5.4 billion.
Project projected to have a 16-year lifespan and generate total earnings (EBITDA) of A$7.5 billion from producing 372,000 tonnes of lithium carbonate.
Sayona Mining Limited plans to advance a definitive technical study for the lithium carbonate plant's restart, targeting production as early as 2026.
Cullen's compilation of data supports further exploration for structurally-controlled, intrusion-related Cu-Au-(Zn-Ag) mineralisation at the Wongan Prospect, where a N-S trending intrusion has been interpreted at depth.
A recent gravity survey shows NE trending greenstones to the east and west of the intrusion, and NW-SE faults, with pegmatite samples collected indicating potential for further investigation.
Further exploration at the Wongan Prospect may include extension of the gravity survey and air core drilling to better understand the potential for Cu-Au-(Zn-Ag) mineralisation in the area.
Maiden scout drilling at Bom Jesus de Baixo prospect in the Solonópole Project intercepted multiple thick pegmatites with individual intervals of up to 16m and combined intervals of up to 20m.
Phase 1 of the drilling campaign completed; pegmatites intersected in all holes, with provisional logging results confirming a stacked lithium-caesium-tantalum pegmatite system.
Second phase of scout drilling has commenced to test other pegmatite outcrop targets and scale potential within the 124km2 Solonópole project area, which features >17km of intermittent lithium-bearing pegmatites.
Corazon Mining Limited has engaged Stantec Consulting Ltd to provide environmental and engineering services for the proposed re-development of the Lynn Lake Nickel Sulphide Mining Centre in Manitoba, Canada.
Stantec will collect historical environmental data, identify information gaps, and implement a data-gathering program while supporting the development of a mine plan for the Lynn Lake Project and guiding Corazon through the environmental approvals process.
Stantec has prior experience with environmental monitoring at Lynn Lake and has worked with other mining projects in the region, making them a valuable asset for Corazon's re-development efforts.