exploration News | The Market Online The Market Online – First with the news that moves markets. Breaking Australian stock market news, ASX 200 announcements and the latest ASX news today. Thu, 08 May 2025 04:37:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 From the Outback to the Andes: The experts speak – HotCopper webinar https://themarketonline.com.au/from-the-outback-to-the-andes-the-experts-speak-hotcopper-webinar-2025-04-16/ Wed, 16 Apr 2025 07:58:59 +0000 https://themarketonline.com.au/?p=750037 ASX-listed exploration and mining companies are investing in projects in Latin America, where some key jurisdictions are rolling out the welcome mat to foreign investment.

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The region’s governments are becoming increasingly aware of the need to shore up future supplies of a wide range of commodities and are working to attract more activity.

The region has been perhaps best recognised for lithium and the ‘Lithium Triangle’ spanning Argentina, Bolivia and Chile. However, with lower lithium pricing, the focus has shifted to include materials including gold, silver, copper, mineral sands, phosphate, uranium, and more.

Quality projects and lower costs

Because many jurisdictions have been under-explored in Latin America, ASX-listed companies are finding projects of a quality that’s now very difficult to secure in Australia.

What’s also pleasing those companies working in the region is that operational costs, such as power and labour, are dramatically cheaper. They are finding that approval processes are moving faster.

In this webinar, you’ll hear about the risks and the potential rewards – with facts and figures for investors to consider.

In this HotCopper webinar

We ask company leaders what attracted them to Latin American projects, we discuss the potential impacts of Donald Trump’s tariffs, and we look at their experiences in developing a variety of projects.

Our guests include experts and company leaders:

Invest Minas Representative for Australia and CONSEPRO mining projects consultant, Mauro Lopes; HotCopper Senior Markets Reporter Jonathon Davidson; Viridis Mining & Minerals (ASX:VMM) CEO Rafael Moreno; Battery Age Minerals (ASX:BM8) CEO Nigel Broomham; and, Equinox Resources (ASX:EQN) CEO & MD Zac Komur.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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From the Outback to the Andes: Why ASX-listed miners are moving into Latin America https://themarketonline.com.au/from-outback-to-andes-why-asx-miners-moving-into-latin-america-2025-04-15/ Tue, 15 Apr 2025 03:30:05 +0000 https://themarketonline.com.au/?p=749682 Companies are finding projects in Latin America of a quality they say “just isn’t available in Australia anymore.”

In this HotCopper Thematic Insights report, we explore jurisdictions that are rolling out the welcome mat to ASX-listed exploration and mining investment.

We weigh up the risks vs. rewards, and we talk to companies with first-hand experience working in Argentina, Brazil, Chile, Mexico and Peru.

Learn about companies in Latin America, including Lodestar Resources (ASX:LSR); Viridis Mining & Minerals (ASX:VMM); EV Resources (ASX:EVR); Advance Minerals (ASX:AVM); Battery Age Minerals (ASX:BM8); Equinox Resources (ASX:EQN); and, Magnum Mining & Exploration (ASX:MGU).

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To learn more, see the associated Webinar and hear this week’s HotCopper Podcast.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Patriot Battery Metals confirms cesium at Canada property https://themarketonline.com.au/patriot-battery-metals-confirms-cesium-at-canada-property-2025-04-10/ Thu, 10 Apr 2025 00:22:00 +0000 https://themarketonline.com.au/?p=749170 Patriot Battery Metals (ASX:PMT) has landed a significant discovery of high-grade cesium at its Shaakichiuwaanaan Property, where it has been defining a lithium resource in the Eeyou Istchee James Bay region of Canada.

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The cesium mineralisation occurs in two zones at the project’s CV13 pegmatite and was confirmed through cesium assay overlimit analysis, with four samples from the drill intercepts grading above 20% Cs2O (cesium oxide).

“With the receipt of overlimit assay results, we have now confirmed a large cesium discovery at Shaakichiuwaanaan, supported by wide and well-mineralized drill intercepts,” vice president of exploration Darren L. Smith said.

Intercepts from the Vega Zone included 18.1 metres at 2.71% Cs2O, including 7.4 metres at 5.45% Cs2O; and 11.1 metres at 4.87% Cs2O, including 7.1 metres at 7.39% Cs2O.

Rigel Zone intercepts included 5.9 metres at 11.19% Cs2O, including one metre at 22.69% Cs2O; and five metres at 13.32% Cs2O, including two metres at 22.90% Cs2O.

The latter zone is significant, being coincident with the apex of the structural flexure at CV13, and drilling has estimated it to be at least 200 metres by 80 metres in area and up to around five metres thick.

More market news

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On Patriot’s hit, Mr Smith explained: “Cesium mineralization of this scale and grade, often combined with high-grade lithium and tantalum, is exceptionally rare globally and underscores the extraordinary endowment of the mineral system at Shaakichiuwaanaan in high-value critical minerals.”

PMT has this morning been trading at 19.5 cents a share.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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White Cliff inks exploration agreement for multi-mineral play Great Bear https://themarketonline.com.au/white-cliff-inks-exploration-agreement-for-multi-mineral-play-great-bear-2025-03-20/ Thu, 20 Mar 2025 04:31:15 +0000 https://themarketonline.com.au/?p=746278 White Cliff Minerals (ASX:WCN) has completed an agreement with a local First Nations community that will now enable exploration for copper, gold, silver, and uranium at its Great Bear project in Canada’s Northwest Territories.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The exploration agreement was executed between WCN and the Délınę Got’ınę Government, with this facilitating the commencement of drilling work at the project, which is located in the Great Bear Lake area, noted as one of Canada’s largest uranium mining districts.

WCN has also received a one-year free extension of permits for Great Bear and is now awaiting final approval from Mackenzie Valley Land and Water Board.

The expectation is things should be all back in WCN’s hands in the next few weeks.

The company is also in the final stages of processing and interpretation of geophysical data taken from the project at the end of 2024.

“I’d like to thank the chief, elders, directors of the board, and community members of the Délınę Got’ınę Government for their collaborative review and agreement of the Exploration Agreement at Great Bear,” managing director Troy Whittaker said, adding he now anticipates a busy year of exploration ahead.

“The highly anticipated results from the MobileMT geophysical survey at Great Bear are expected within the coming months.

More market news

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Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

“The data acquired through the survey is nearing final processing and interpretation by ourindependent experts – Southern Geoscience.

“We have seen how valuable the data can be at our Rae Copper Project and publishing of results here at Great Bear should prove to be exciting for Shareholders as we start to realise the potential at Great Bear.”

WCN last traded at 1.7cps – a fall of 5.5% since the market opened.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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AMEC’s post-election demands: WA approval processes must move faster https://themarketonline.com.au/amecs-post-election-demands-wa-approval-processes-must-move-faster-2025-03-14/ Fri, 14 Mar 2025 08:00:02 +0000 https://themarketonline.com.au/?p=745568 With the 2025 Western Australian election decided and Premier Roger Cook’s Labor firmly back at the helm, the Association of Mining and Exploration Companies CEO Warren Pearce says the State’s approvals processes must move faster.

In the wake of the vote, HotCopper invited AMEC’s Mr Pearce for an interview to lay out what the industry needs and expects in this new term of State Government.

Top of the must-do list, according to AMEC: A reduction in red tape.

In the interview, Pearce talks about the need for faster approvals for companies working through environmental and cultural heritage approvals processes in WA.

He also discusses the need for moves on renewable and gas energy project pathways; urges Australia-wide acceptance of uranium; and, discusses the likely impacts of a unionised workforce on Rio Tinto’s (ASX:RIO) Pilbara mines.

Pearce also shares his opinions on U.S. President Donald Trump’s tariff regime.

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Renegade finds ‘significant’ concentrations of germanium, gallium at Andrews deposit https://themarketonline.com.au/renegade-finds-significant-concentrations-of-germanium-gallium-at-andrews-deposit-2025-02-05/ Wed, 05 Feb 2025 03:31:45 +0000 https://themarketonline.com.au/?p=738514 Renegade Exploration Ltd (ASX:RNX) believes it has opened up a new chapter for its Andrew zinc-lead-silver deposit in Canada with the discovery of critical minerals germanium (Ge) and gallium (Ga) in significant concentrations.

The company reviewed previous diamond drilling at the deposit – which is part of Renegade’s larger Yukon base metals project – finding intercepts such as 45.9 metres at 43.5 grams per tonne (g/t) Ge, 12.5g/t Ga, 9.4% Zn in one hole; and 4.5 metres at 48.0g/t Ge, 15.8g/t Ga, 6.4% Zn, 22.6% Pb, 56.8g/t Ag in another.

The percentage of gallium went up to 28.6g/t in another intercept.

Alongside this, flotation metallurgical testing has shown recoveries of 71.3% Ge – yielding a concentrate of 150g/t – is possible for ore from this deposit.

Renegade is now turning to potential re-analysis of past drill samples, looking particularly for these two critical defence metals.

Chairman Robert Kirtlan said that finding germanium and gallium at Andrew was a significant event for the deposit, adding that previous exploration methods could have underestimated the amounts of germanium there.

“These defence metals, particularly Germanium, are rare, very expensive and are some of the most important and sought after of the advanced electronic materials,” he said.

“During the last phases… at the Andrew deposit, an Aqua Regia analysis method was used.

“This method is very good at determining the Zn-Pb-Ag concentrations but unfortunately it has the potential to vastly underestimate the germanium grade. At the time of analysis, germanium was not the critical defence metal that it is now. As such, it was not an exploration focus.”

Renegade shares last traded at 0.02c after a 40% gain.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Peak finds ‘significant rutile province’ in Cameroon with sampling work https://themarketonline.com.au/peak-finds-significant-rutile-province-in-cameroon-with-sampling-work-2025-02-04/ Mon, 03 Feb 2025 23:15:00 +0000 https://themarketonline.com.au/?p=738262 Peak Minerals Ltd (ASX:PUA) has analysed the first batch of assays from an extensive program of sampling which commenced at the end of 2024 at its 8,800 square kilometre Minta rutile project in Cameroon, and is arguing the data shows potential for a significant rutile province to be uncovered.

Material from 10 samples and rutile nuggets was submitted to the Diamantina Laboratory for analysis – in collaboration with the CSIRO in Perth.

The sand and oversize fractions have been subjected to heavy liquid separation (HLS) and modal mineralogy (SEM and grain count).

The results indicate high-value mineral assemblages – described as “spectacular” – from samples across the area, with high-grade rutile across the board. This includes total valuable heavy minerals (VHM) measuring up to 93% of total heavy minerals and assays of up to 69.8% rutile in the Minta region’s VHM.

The weakest result registered 16.9% of the VHM assemblage in the northeast, a region where monazite is dominant at 35.6%; zircon accounts for a noteworthy 21.5%.

The company has completed 65% of its exploration to find rutile in Cameroon and has found nuggets of this mineralisation throughout the project. Visual estimates of up to 5% THM have also been seen in residual soils from select samples.

Non-executive director Phillip Gallagher – who had been on-site during the exploration program last year – said he was impressed with what had been found at Minta.

“We are very pleased to see such exciting results from the first samples taken from the Minta rutile project,” he said.

“Even more exciting is the fact these samples were taken in off-target locations as a training exercise that was done to ensure correct drilling and sampling techniques for the reconnaissance drilling program and they have still returned very high value, commercial grade VHM results.”

Peak has been trading at 1.5 cents.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Battery Age Minerals finds critical technology isotope Germanium-76 at Bleiberg https://themarketonline.com.au/battery-age-minerals-finds-critical-technology-isotope-germanium-76-at-bleiberg-2025-01-22/ Tue, 21 Jan 2025 22:43:53 +0000 https://themarketonline.com.au/?p=735224 Battery Age Minerals Ltd (ASX:BM8) has confirmed the presence of Germanium-76 (Ge76), a critical isotope for semiconductor technologies, at its Bleiberg exploration project in Austria based on concentrate taken from the historic mine.

A historical sample showed GE-76 was present at an atom abundance of 7.41%, marking a pivotal development for Bleiberg as a project of strategic significance for the tech sector.

The latter is bolstered by the fact the North Atlantic Treaty Organisation (NATO) in December 2024 identified Germanium to be one of only a dozen raw materials now “essential” for defence and energy security.

During its 700-year history, the Bleiberg mine has produced around 172 tonnes of germanium, amongst other critical minerals.

BM8 is looking ahead now to an extensive exploration program through the 2025 calendar year, with a maiden drilling permit to be submitted early on.

Battery Age CEO Nigel Broomham said he was pleased the company had pinned down this particular feature of Bleiberg.

“This is a significant milestone and further reinforces our belief in Bleiberg’s potential as a key supplier of critical materials for the rapidly growing semiconductor industry,” he said.

“Given the increasing demand for germanium and the recent supply chain challenges, thisconfirmation of potential quality comes at a crucial time.

“We are excited to continue advancing the Bleiberg project and look forward to sharing further results with the market in coming months.”

BM8 has been trading at 9 cents.

Join the discussion: See what HotCopper users are saying about Battery Age Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Flynn sees gold expansion at Golden Ridge after November exploration target https://themarketonline.com.au/flynn-sees-gold-expansion-at-golden-ridge-after-november-exploration-target-2025-01-13/ Mon, 13 Jan 2025 00:31:00 +0000 https://themarketonline.com.au/?p=733942 Two months after publishing an exploration target for its Golden Ridge project in northwest Tasmania, Flynn Gold Ltd (ASX:FG1) has shown the potential for expansion, particularly at the Grenadier Prospect, where grades of up to 11 grams per tonne have been identified.

The initial exploration target focused on the Trafalgar, Brilliant, and Link Zone prospects and was set between 3.5 and 5.4 million tonnes grading at 3.0g/t Au to 4.0g/t Au for 449,000 to 520,000 ounces of contained gold.

At Grenadier – which has never been drilled – trenching work has extended gold in quartz veins to an open strike length of 130 metres, yielding a top interval of 2.3 metres at 4.2 grams per tonne (g/t) of gold, including 0.4 metres at 11.0g/t.

Additionally, rock chip samples in the prospect area returned high-grade assays ranging up to 18.6g/t Au, 16.3g/t Au, 15.3g/t Au, and 13.3g/t Au.

Flynn is also progressing soil sampling at Grenadier, with this being expanded to includetesting the main granodiorite body for new IRGS gold anomalies.

UltraFine+ soil sampling has extended the significant gold anomaly to over 1,000 metres by 500 metres, with the latest results including exceptionally high assays of up to 105 parts per billion (ppb) Au and 109ppb Au.

Managing director and CEO Neil Marston said the current ongoing sampling campaign was focusing on finding prospective areas and upgrading data on the prospectivity of known gold targets.

“The sampling results from our Grenadier Prospect have now defined gold-in-soil anomalism over 1km north-south, and 500m east-west, with this significant gold anomaly undrilled and remaining open to the north, south and east,” he said.

“This anomaly is now similar in size to the gold-in-soil anomaly at Trafalgar, which isour most advanced prospect, where gold mineralisation is contained in a network ofnorth-east striking vein zones that extend up to 600m along strike and 500m down-dipfrom surface with open strike and dip extents.”

FG1 shares shifted up after the news, and at 14:15 AEDT, they were trading at 2.6 cents – a rise of 4% since the market opened.

Join the discussion: See what HotCopper users are saying about Flynn Gold and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Aldoro jumps 20% after hitting 388 metres of niobium mineralisation at Kameelburg https://themarketonline.com.au/aldoro-jumps-20-after-hitting-388-metres-of-niobium-mineralisation-at-kameelburg-2025-01-10/ Thu, 09 Jan 2025 23:57:54 +0000 https://themarketonline.com.au/?p=733687 Aldoro Resources Ltd (ASX:ARN) has found uninterrupted niobium mineralisation across 388 metres at its Kameelburg project in Namibia, with sampling from the Line 3 site yielding grades of 0.52% Nb₂O₅ (niobium pentoxide).

Rare earths (REE) mineralisation has also been found on the line, which is open in all directions, and has been the focus of Aldoro’s sampling work for some time. These results represent the discovery of mineralisation across the final 168 metres of Line 3.

Several samples have been taken for metallurgical and beneficiation testing; the company is still awaiting another 4,500 metres of trench sampling.

In July, Aldoro enticed investors with strong niobium recoveries from Kameelburg, as metallurgical work done by Bureau Veritas Minerals in Perth had yielded recoveries of 62.4% through an open cycle of crushing, grinding, magnetic separation, acid wash and floatation completed on ore from the project.

Aldoro shares have risen on the Line 3 news, and at 10:36 AEDT they were trading at 35 cents – a rise of 20.69% since the Aussie market opened.

Join the discussion: See what HotCopper users are saying about Aldoro Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Arrow’s maiden Guinea drilling brings up bauxite mineralisation across 5sqkm https://themarketonline.com.au/arrows-maiden-guinea-drilling-brings-up-bauxite-mineralisation-across-5sqkm-2024-12-09/ Mon, 09 Dec 2024 00:15:49 +0000 https://themarketonline.com.au/?p=729518 Arrow Minerals (ASX:AMD) has posted results from its maiden drilling program at the Niagara Bauxite Project in Guinea, with these showing mineralisation extends across more than five square kilometres at the project.

The assays – which included 73 holes in three batches – included four metres at 50.3% Al2O3 (aluminium oxide) 3.1% SiO2 (silicon dioxide) from surface; four metres at 46.6% Al2O3, 0.7% SiO2 from one metre; and six metres at 47.1% Al2O3, 2.3% SiO2 from surface.

The work was focused on three of nine targets which Arrow delineated at Niagara, and will include 111 holes to test extensions – these results are due in coming weeks.

Managing director David Flanagan said the reported assays showed the project to have strong parameters.

“These latest outstanding results confirm that Niagara is a substantial bauxite discovery with high-grade mineralisation already outlined over 5km2, with results from another 111 holes offering potential to grow the discovery further,” he said.

“This is all within trucking distance of a multi-user railway at a time of record alumina and bauxite prices.

“Guinea is the world’s largest and most important supplier of high-quality bauxite. These results are comfortably in line with the product that has made Guinea the world’s number one bauxite producer.”

Arrow shares spiked upwards after the news, and at 10:43 AEDT, they were trading at 0.2 cents – a rise of 100% since the market opened.

Join the discussion: See what HotCopper users are saying about Arrow and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Emmerson aims to drill 5000m at Tennant Creek, with 2 main targets in mind https://themarketonline.com.au/emmerson-aims-to-drill-5000m-at-tennant-creek-with-2-main-targets-in-mind-2024-11-20/ Wed, 20 Nov 2024 03:04:57 +0000 https://themarketonline.com.au/?p=726114 Emmerson Resources Ltd (ASX:ERM) has kicked off a 5,000-metre campaign of reverse circulation (RC) drilling at its Tennant Creek project in the Northern Territory, focusing on the Nobles Nob West prospect and the deposit connected to the White Devil Gold Mine.

The program – which is expected to last four weeks – began with 2000 metres of drilling at the former prospect, located 1,500m west of the Nobles Nob processing plant, which is 60% complete, under the management of Emmerson’s Tennant Creek joint venture partner, Tennant Consolidated Mining Group Pty Ltd (TCMG).

A second key focus for the drilling will be the high-grade White Devil gold mine, which produced 760,000 ounces at an average grade of 14.6 grams per tonne between 1987 and 1999.

Emmerson plans to drill 3,000 metres here to assess the shallow undrilled eastern extension of the deposit. Logistical and operational constraints made it difficult to test this extension sufficiently so far, but Emmerson notes it was drilled from underground, and represents one of the most compelling open pittable targets in the district.

Funding for the drilling work is being provided by TCMG – which also intends to get the Nobles Nob plant up and running by the third quarter of 2025 – with the company seeking to gain around a 75% investment in the Tennants Creek project by spending $10.5 million on exploration overall.

TCMG still has around $3 million yet to spend on the play, before it will be able to form an exploration JV in which it will hold 75%, and Emmerson 25%.

Emmerson shares have been trading flat at 6.2 cents each.

Join the discussion: See what HotCopper users are saying about Emmerson and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Power gets set for 1000-metre maiden drilling program in Brazil https://themarketonline.com.au/power-gets-set-for-1000-metre-maiden-drilling-program-in-brazil-2024-11-18/ Mon, 18 Nov 2024 02:30:28 +0000 https://themarketonline.com.au/?p=725558 Power Minerals Ltd (ASX:PNN) is gearing up for an intense stage of exploration at its niobium, REE, and lithium Nióbio project in Brazil next month. The company aims to drill up to 1,000 metres to assess targets identified through sampling programs and a recent LiDAR (Light Detection and Ranging) survey.

In preparation for the December first-pass reverse circulation (RC) drilling campaign, Power has locked in land access, secured a drill rig, and mobilised its technical team to the site.

Its focus – in addition to testing the outlined targets – will be on pinning down the structure and lithography of Nióbio, located in Brazil’s northeastern Paraiba State, as well as yielding geochemical data from the target areas.

Managing director Mena Habib said the company had high hopes for the maiden drilling campaign.

“We are focused on accelerated exploration, and our ability to now be preparing to undertake this first-pass drilling is a testament to our approach and progress,” she said.

“The Nióbio Project is an exciting exploration asset, and we are eager to continue exploration to unlock its value.”

At 13:15 AEDT, Power shares are trading at 10 cents – a rise of 2.04% since the market opened.

Join the discussion: See what HotCopper users are saying about Power and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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KalGold rolls out detailed aeromagnetic survey across Pinjin project https://themarketonline.com.au/kalgold-rolls-out-detailed-aeromagnetic-survey-across-pinjin-project-2024-09-27/ Fri, 27 Sep 2024 03:25:52 +0000 https://themarketonline.com.au/?p=716697 Kalgoorlie Gold Mining (ASX:KAL) has kicked off a geophysical survey across the northern parts of its Pinjin project in Western Australia – marking the first detailed aeromagnetic coverage of the Laverton Tectonic Zone between the southern end of the Edjudina Goldfieldand the northern end of the Pinjin Goldfield.

Kalgoorlie Gold already has a tailored dataset of the Pinjin project area, and the new survey data will be integrated into this, as well as other regional datasets to ensure the whole territory is defined better through high resolution coverage.

It will also go beyond the information currently available through state-wide regional datasets, as these lack the resolution for detailed exploration targeting.

The new high-resolution aeromagnetic geophysical survey will focus on Jungle Dam – an anomalous northwest-southeast trending structure through the Jungle Dam Granite – together with the lateral extension of the Edjudina Goldfield.

Kalgoorlie Gold is hoping the detailed survey will support its compiling of gold targets, and yield results already evidenced in the discovery of targets south of Hawthorn Resources’ Anglo Saxon gold deposit, including Wessex, Kirgella Gift and Wessex.

The data is set to be confirmed on-site by the end of September, and Kalgoorlie Gold also intends to release results from Phase 2 aircore drilling at Wessex which was done earlier in the month.

The latter work was testing thick and shallow gold intercepts discovered in May during first pass drilling at Wessex.

Aircore drilling will also be carried out on additional targets across the Pinjin project in October, with more work in the following two months to build on this, with reverse circulation (RC) drilling at Wessex and other prospects also potentially on the cards.

Kalgoorlie Gold has been trading flat at 2.4 cents.

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From the Floor: Sipa in the field, as search for gold & base metals continues in WA https://themarketonline.com.au/from-the-floor-sipa-in-the-field-as-search-for-gold-base-metals-continues-in-wa-2024-08-06/ Tue, 06 Aug 2024 00:11:19 +0000 https://themarketonline.com.au/?p=708896 Gold and base metals Sipa Resources (ASX:SRI) has assets throughout Western Australia, including the Skeleton Rocks project near Kalgoorlie.

The company has a field crew working on a gravity survey at Barbwire Terrace base metals project in northern WA, which is a joint venture with Buru Energy (ASX:BRU).

MD Andrew Muir joined the company relatively recently. He talks about the projects, with particular excitement for Patterson North, where the company plans to drill later in the year.

Mr Muir is in Kalgoorlie for Diggers & Dealers meeting with investors and industry representatives.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday https://themarketonline.com.au/second-christmas-for-2024-coming-to-kalgoorlie-diggers-dealers-starts-monday-2024-08-01/ Thu, 01 Aug 2024 03:38:58 +0000 https://themarketonline.com.au/?p=708088 The 33rd Diggers & Dealers event begins in Kalgoorlie in Monday and it’s THE event for the who’s who in exploration and mining in Australia.

As D&D Chair Jim Walker explains in this interview, delegate numbers are creeping up by the day – reaching above 2500. Organisers expect registrations will get close to last year’s 2642 by Monday. The grand finale is the Wes Trac Gala Dinner next Wednesday night and that has booked out with 1300 guests.

Mr Walker said preparations were on track, with hotels filling up, 160 private homes being rented out, and two semi trailers set to deliver food and drink for catering.

Gold back in favour in Kalgoorlie

“The numbers are fantastic, the vibe is also very good, from the point of view we’re getting back to our old faithful gold, gold’s the flavour of the month again,” Mr Walker said.

“I’m going to repeat a comment made by the previous major of Kalgoorlie-Boulder, John Bowler, who said: ‘In Kalgoorlie we have three Christmases in one year. The first one is the race round, the second one – and the big one – is Diggers & Dealers, and the third one is the real Christmas’,” Mr Walker said.

“So it’s a huge event for Kalgoorlie, it’s very important to them.

“Their second Christmas is coming right now.”

Kim Beazley to address forum

Mr Walker said the keynote speaker, Labor stalwart, former Opposition leader, Former Governor of WA and Ambassador to the US, Kim Beazley, will be attending in person, along with other high profile Government figures.

Mr Beazley’s current roles include being Chair of the Perth USAsia Centre Board, Senior Distinguished Fellow of the Australian Strategic Policy Institute, Advisor to Lockheed Martin Australia, and Chair of the Council for the Australian War Memorial.

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From the Floor: Perth conference highlights https://themarketonline.com.au/from-the-floor-perth-conference-highlights-2024-06-21/ Fri, 21 Jun 2024 01:14:21 +0000 https://themarketonline.com.au/?p=702075 See the highlights from the 2024 MiningNews Select and Future of Mining conferences this week at the Pan Pacific in Perth.

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From the Floor question: “How can we make gold mining shares become valued again?” https://themarketonline.com.au/from-the-floor-question-how-can-we-make-gold-mining-shares-become-valued-again-2024-06-18/ Tue, 18 Jun 2024 01:47:27 +0000 https://themarketonline.com.au/?p=701350 We’re answering your questions From the Floor at the MIningNews Select and Future of Mining conferences in Perth.

To answer this question we called on conference guest speaker and Lowell Resources Fund Chief Investment Officer John Forwood.

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HomeCo Daily Needs REIT tops the stock picks this week https://themarketonline.com.au/homeco-daily-needs-reit-tops-the-stock-picks-this-week-2024-05-14/ Mon, 13 May 2024 23:35:00 +0000 https://themarketonline.com.au/?p=697295 HomeCo Daily Needs REIT (ASX:HDN) is Wealth Within’s HotCopper Hot Stock Tip this week.

It’s a stock that hasn’t been on the ASX too long and in this episode, Wealth Within’s Filip Tortevski and Dale Gillham discuss why they deem the $2.6 billion market cap, metro property REIT has upside potential.

Since an all-time low in October, there’ve been five months of gains for HDN. It was up about 2 per cent at close yesterday, at $1.28.

Filip Tortevski said the ‘Proceed with Caution’ stock was gold miner Evolution Mining (ASX:EVN) ‘in a positive sense’. The ‘Not Hot’ stock was packaging manufacturer and visual communications play, Orora Ltd (ASX:ORA).

Filip and Dale also discuss the overall ASX market momentum.

“Right now, it’s super bullish, it’s holding that 7800, wants to keep going higher,” Filip Tortevski said.

“If the market can show more strength this week, I’d be thinking more that the market’s got more upside in it, but if it starts to fall away…”

“Half of me’s thinking it should be going down,” Dale Gillham said.

Wealth Within’s live show is tonight at 7pm AEST on YouTube.

Questions can be submitted ahead of the programme, the details are at the end of this segment.

Dale Gillham is Chief Analyst at Wealth Within and international bestselling author of How to Beat the Managed Funds by 20%. He is also the author of Accelerate Your Wealth—It’s Your Money, Your Choice, which is available in bookstores and online at www.wealthwithin.com.a

Disclaimers: While Wealth Within holds an Australian Financial Services License (AFSL:226347) the information featured in this program is general in nature and therefore should not be relied upon. Before making any investment decisions, you should consult a licensed professional who can advise whether your investment decisions are appropriate for you.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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Market Open: ASX200 to ease back ahead of Budget day https://themarketonline.com.au/market-open-asx200-to-ease-back-ahead-of-budget-day-2024-05-13/ Sun, 12 May 2024 23:18:22 +0000 https://themarketonline.com.au/?p=697155 Australia’s budget day dawns tomorrow, and while we’ve been given plenty of hints around a surplus and cost of living relief promises, uncertainty is still set to see the ASX200 open down around 0.1 per cent.

Wall Street closed out last week slightly ahead, the Dow Jones added about a third of a per cent, while tech stocks slipped slightly into the red.

Also likely to impact trade today are concerns around the ongoing tensions in both Israel and Ukraine.

There’ll be a new listing on the ASX today, D3 Energy raised US$10 million with 20 cent shares to explore for natural gas and helium in South Africa. The company does still have to attain exploration rights in that territory.

It’ll trade under the ticker code D3E upon admission to the ASX at 11am eastern states time this morning.

National Australia Bank (ASX:NAB) is set to release its regular business survey this morning too, while Bunnings’ landlord BWP Trust (ASX:BWP) is this week closing its compulsory acquisition of Newmark Property REIT (ASX:NPR). BWP now holds more than 93 per cent of the stock. NPR will be suspended from the ASX in a week and delisted in 10 days’ time. A large proportion of Newmark’s assets are leased to Wesfarmers’ (ASX:WES) Bunnings, Officeworks and Kmart stores.

Astute Metals NL (ASX:ASE) will pay US$150,000 to the owner of competing claims at its Red Mountain Lithium Project in Nevada, Rubicon, to settle a dispute over the lithium claystone asset. Half the settlement will be paid upfront, with the remainder due over 12 months. Astute’s now wasting no time getting into exploration, with a drill rig due on site next week.

One Australian Dollar is buying US66 cents.

Gold has been trading at US$2361.74 an ounce, iron ore has been just below US$117 (US$116.93) a tonne, brent crude oil has been at US$82.5 a barrel and natural gas has been trading around US$2.22 per million British thermal units.

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