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Terrain Minerals Limited has commenced Phase 2 of the drilling campaign at the company's Smokebush Project, targeting gold anomalies and pegmatites. Approximately 12 RC drill holes for a 1,340m program are planned, including 6 holes for new priority gold IP anomalies and 6 holes into northern pegmatites.
The findings from the Phase 1 drilling completed in June 2023, including 11 drilled holes totaling 1,198m, are pending and expected in late August. The first phase showed promising results, with pegmatites intercepted in 10 out of 11 holes.
The Phase 2 reverse circulation (RC) drill program is aimed at dual commodity exploration of gold and base mineralisation within chargeability anomalies and Lithium mineralisation potential of outcropping pegmatite, anticipating exciting news flow throughout the rest of 2023 and beyond.
Firetail Resources Limited has executed a terms sheet with Valor Resources Limited to acquire up to 80% of Kiwanda S.A.C., which holds the mining concessions for the Picha and Charaque Copper Projects in Peru.
Plans are in motion to raise up to $5,000,000 for the acquisition to commence drilling and associated costs relating to the Projects, with Valor's Executive Chairman to be appointed to Firetail's board upon completion of the acquisition.
The Picha Project is ready for drilling, and the structure of the deal provides a cash neutral purchase position for Firetail shareholders by receiving a portion of the Charaque farm-in payments over the next four years.
The Anthill concept mining study shows a potential addition of ~10,000 tonnes of copper to be mined by Austral, increasing the revenue by A$100 to A$120 million compared to the previous Ore Reserve Estimate.
Combining the CMS from Anthill with an additional 20,000 - 23,000 tonnes of copper from previous mines could potentially increase annual copper production by 25,000 to 30,000 tonnes.
The increase in available Mineral Resources at Anthill is contributed to higher copper prices, the addition of flotation to process high-calcium transitional and copper sulphide material, with uncertain upside potential related to inferred mineral resources.
Mandrake Resources Limited has informed its WAA partner, Paradox Resources, of its plans to re-enter and sample the B-912 and Big Indian Unit 1 (BIU-1) wells due to their superior location, geology, brine reservoir potential and existing optimal well configuration.
Transfer documentation has been submitted to the Utah Division of Oil, Gas and Mining to facilitate Mandrake's operation of the selected wells, along with detailed workover plans showing that approximately five independent formations per well will be tested for lithium brines.
Work has begun on establishing a pipeline of prospective wells to be re-entered and sampled for lithium, out of the 84 existing oil and gas wells incorporated in the executed WAA.
An extensive new sulphide zone has been discovered at the Sherlock Bay Nickel Sulphide Project in the Pilbara region of WA. All four new diamond drill-holes intersected massive sulphides within broader semi-massive to stringer sulphide zones.
The new sulphide discovery extends for a strike-length of at least 500m and is open in all directions, with untapped strong off-hole DHEM conductors evident. Sabre has expanded its tenement holding at Sherlock Bay with three new exclusive exploration license applications, with potential for significant resource growth.
The structure at Sherlock Bay connects with the Andover Project, where Azure Minerals Ltd has significant nickel sulphide resources and recently intersected lithium bearing pegmatite grading 1.26% Li 2O2. The Company is reviewing its extensive drill-core and geophysical database to locate similar lithium bearing pegmatite occurrences.
An exclusive option has been obtained to purchase the Monaro Lithium Project in Québec, Canada, a highly promising area for lithium-caesium-tantalum mineralisation that shares geological features with Winsome Resources’ Adina lithium discovery.
Through the Québec Government database Sigéom, numerous potential targets for exploration have been identified within the project area, with 30 pegmatite indications and an additional 30 remote sensing targets selected for priority investigation.
An oversubscribed placement has secured approximately $4.1m in funding for exploration at Monaro, along with ongoing work at other projects in Brazil and Australia.
Rio Tinto subsidiary Kennecott Exploration Corp has terminated its option agreement with Alderan Resources Limited and returned the Frisco Copper Project in Utah, USA, meaning Alderan now owns 100% of the project.
Alderan is considering assessing the potential of Frisco's smaller tonnage high-grade copper deposits, with historical and recent high-grade copper-gold drill intersections showing promising results.
Magnetic low anomalies similar to the significant Cactus magnetic signature have been detected in Kennecott's drone magnetic survey, potentially indicating unexplored mineralised breccia pipes.
29Metals has given a positive update about the progression of the phased recovery plan for Capricorn Copper, including successful preparations of water treatment for mining and mineral processing, efficient management of water quality and volume, and readiness of Mammoth and Greenstone underground mines. Repairs to the mineral processing facilities, which were damaged due to extreme weather, has been completed.
Engagement with the regulator regarding 29Metals' water quality management and volume reduction strategies is ongoing and constructive. Early activity for Phase 2 of the Recovery is progressing as planned, targeting the mid-H1 2024 restart of the Esperanza South sub-level cave mine.
Despite some damage caused by an extreme weather event, recovery costs remain in line with the plan. As the implementation of the Recovery continues, 29Metals aims to identify and assess opportunities to reduce the recovery costs.
SKY Metals has received its first exploration results from the Narriah Project, identifying strong tin and tungsten with associated lithium mineralisation with grades up to 3.59% Tin, 1.66% Tungsten and 0.19% Lithium.
Challenges in the project area include thin sand coverings and limited rock outcrops on the surface, making pegmatites difficult to identify. Nonetheless, these have been mapped in historic underground mines from the 70s.
SKY is now planning a diamond drilling program to commence soon to test these promising results at depth, with no previous diamond drilling and only three old percussion drill holes under one historic working completed.
Develop Global Limited has successfully completed a A$30 million share placement and a A$10.9 million institutional component of its non-renounceable entitlement offer. Additionally, it plans to raise A$9.1 million from the retail component of the offer, opening on 10 July 2023.
The new shares issued are priced at A$3.20 and will rank equally with existing shares. Settlement is expected to occur on July 11, 2023 and trading will commence on July 12, 2023.
Develop is also set to acquire 100% of Essential Metals Limited under a Scheme Implementation Deed, providing Essential shareholders with optimal benefits along with exposure to the Pioneer Dome lithium project and Develop's other energy transition metals assets.
High-grade lithium up to 2.36% Li 2O has been found in the Youanmi Project in WA, with significant assay results from RC drilling also confirming the existence of mineralised pegmatites at depths up to 175m below surface.
The results confirm the presence of shallow east dipping LCT pegmatites spanning 1000m within the central corridor, indicating the need for immediate infill drilling.
Further exploration measures involving geological mapping, soil geochemistry, RC/Diamond drilling of lithium targets, and XRD mineral analysis are planned, with additional RC drilling currently underway to measure infill section spacing, and test down dip and along strike.
The Andover Project, a joint venture by Azure and the Creasy Group, has been granted a new Exploration Licence (EL), E47/4700, which is prospective for lithium mineralisation and complements their existing tenement currently under de drilling.
A third diamond rig is being added to the existing two diamond core rigs and three reverse circulation rigs, with infill drilling due to commence soon for the maiden Mineral Resource Estimate. Four Miscellaneous Licence applications have also been filed for a groundwater search.
All the Andover district's identified pegmatites are now completely covered by Azure’s granted tenements, with additional heritage surveys due to commence soon over the newly granted EL. All tenements are included in the Heritage Protection Agreement between Azure and the Ngarluma Aboriginal Corporation.
Wildcat Resources Limited has identified new pegmatite outcrops and extensions at the Tabba Tabba Lithium-Tantalum Project via a high-resolution drone survey, showing the outcrops to be more extensive than previously recorded.
A field camp has been established in preparation for drilling, and a rig is set to arrive on site on July 6th to kick start the process.
The Tabba Tabba project is strategically located just 80km from Port Hedland, Western Australia, and is in proximity to some of the world’s largest hard-rock lithium mines, contributing to approximately 20% of the global lithium supply.
Microba Life Sciences Limited has signed a commercial contract with Sonic Healthcare Limited, through its subsidiary Douglass Hanly Moir Pathology Pty Ltd, to distribute Microba's MetaPanel™ infectious disease test in Australia.
This agreement is the first between Microba and Sonic Healthcare since Sonic's strategic investment of $17.8 million into Microba on 29 November 2022.
Sonic Healthcare now has exclusive distribution rights to provide the MetaPanel™ test across Australia through its Pathology network, marking the completion of the first of their commercial distribution agreements.
HLS testwork on CV13 Pegmatite cluster samples indicates that a Dense Media Separation (DMS) process flowsheet is applicable, yielding over 6% Li 2O spodumene concentrates with overall lithium recoveries exceeding 70%.
Further magnetic separation resulted in a spodumene concentrate with a Fe2O3 content of around 0.60%.
The results strongly suggest that material from both the CV13 and CV5 Pegmatites can be processed together using the same design criteria and flowsheet, indicating a practical and viable joint process approach.
Promising assays from the Manta Prospect confirm the presence of a 120.8m continuous interval of multiple pegmatites, indicating wider lithium potential. Future geophysics and drilling are planned to examine the circular feature containing these thick, flat-lying pegmatites, which are believed to extend into more favourable host terrain.
A 2023 drilling programme at the Jailbreak Prospect confirmed multiple lithium-bearing pegmatites with a peak value of 1.28% Li2O, indicating an extensive mineralised pegmatite field open along strike and at depth.
Lithium-bearing pegmatites have been identified across a 2km strike of the pegmatite corridor at Jailbreak, with another 13km area of the corridor hosting a large network of mapped pegmatites yet to be scrutinized by drilling. Drilling results suggest the pegmatites may become thicker at depth, consistent with findings by other regional explorers.
Dimerix has received approval for its Paediatric Investigation Plan (PIP) from the European Medicines Agency (EMA), supporting the paediatric development of DMX-200 in FSGS, a leading cause of kidney failure in children.
With no further non-clinical studies required, the PIP offers a planned approach to accumulate data for marketing approval. This includes inclusion of patients aged 12-17 in the current ACTION3 study and in silico modelling for children aged 1-11.
DMX-200 has previously received Orphan Drug Designation allowing potential fast-track of commercialisation if successful, with the total FSGS market size across seven major markets estimated at over US$3 billion by 2032.
Dynamic Metals Limited has begun exploration work at Pioneer Dome West, part of the Widgiemooltha Project in Western Australia, an area emerging as a significant lithium belt. The tenement is adjacent to Essential Metals' Dome North lithium project which currently hosts a Mineral Resource of 11.2Mt @ 1.2% Li 2O2.
The exploration program will consist of taking up to 2000 soil samples to provide geochemical data across the interpreted greenstone sequence. The tenement covers 20km of strike on its highly prospective western side and soil samples will be taken every 40m.
The soil collection process is estimated to take four weeks, after which the received assays will be assessed and ranked for potential drill testing later in the year.
Hand auger sampling has upgraded the nickel-copper-PGE anomaly at Green Bananas Target with peak assay results like 0.43% Ni, 0.44% Cu, 0.53% Co & 203ppm Pt. This anomaly is associated with folded ultramafic rocks and extends over 400m by 150m.
A plan is in place to commence Electromagnetic (EM) geophysical surveys at the Green Bananas, Plat-X and other additional Hayes Hill nickel targets, and further surface soil sampling targeting nickel is in progress.
The completion of project-wide 110-line km of heritage surveying allows further auger, RC and diamond drilling. Additionally, mechanised auger sampling will assess both nickel and lithium targets.
Krakatoa Resources Limited carried out successful geochemical sampling at the King Tamba project in Western Australia, highlighting the potential for high-grade lithium discovery.
The sampling results showed Li 2O values in excess of 1%, with a peak of 4.3% from the newly identified Wilsons prospect, supporting the presence of a strong multi-element soil anomaly across several sample lines.
The Company has begun planning for a Reverse Circulation (RC) drilling program to continue investigating the area and uncover more potential lithium zones for exploration.