Mark Creasy-backed, Galileo Mining is cashed up after its recent ASX listing and ready to hit the ground running at its cobalt projects in Western Australia.
A minimum 500 metres of diamond core will be drilled within the Norseman cobalt-nickel resource to provide over two tonnes of samples for metallurgical test work.
After agreeing to offload its base metal projects into new TSX-V listing Kimberley Mining, Metalicity has now turned its focus to ramping up exploration for battery metals over its extensive and highly prospective landholding in WA.
Option agreements have been signed for the sale of the two Halls Peak zinc-lead-copper-silver tenements to private company XS Resources Ltd which is planning to list on the ASX.
The approved Final Investment Decision (FID) seeks to bring the project online which, according to a previously released Definitive Feasibility Study (DFS), is expected to produce 24.9 million tonnes of graphite at 6.2% Total Graphitic Carbon (TGC).
The sale, announced earlier this month, is for the 4 million common shares Artemis holds in Novo at a price of C$5 per share to mid-tier Canadian gold producer Kirkland Lake Gold (ASX:KLA).
AMEC Foster Wheeler Australia – a subsidiary of global leader in delivery of project, engineering and technical services Wood Group – has been awarded overall study engineer for the PFS while Snowden Mining Industry Consultants has been selected to consult the mining aspects of the study.
Pacton will move to wholly own Friendly Creek – which is prospective for conglomerate-style gold – entering into a binding letter of intent with the vendors, private prospector Darren White and Gardner Mining, an Australian unlisted exploration company.
The cobalt explorer (ASX: GAL) began trading at 38c in morning trade, a 90% premium to its 20c issue price with 2.7 million shares changing hands by 12:30 pm AEST.
Metalicity’s plan to sell its portfolio of zinc projects into upcoming Canadian-listed vehicle Kimberley Mining has taken a step forward after the explorer agreed to the terms for the sale with investors welcoming the news. The ASX-listed explorer (ASX: MCT) is vending its Admiral Bay, Napier Range and Emanuel Range zinc projects into Kimberley Mining […]
The stock climbed 1.5c, or 8%, to an intraday high of 21c after the explorer (ASX:ARV) reported gold extended from its Purdy’s Reward conglomerate gold project through Novo’s Comet Well project in to Artemis’ wholly-owned Comet West Well tenements.
The Siou development is owned by Canadian mining company SEMAFO, with underground mining expected to commence at site in the third quarter this year.
The nickel-cobalt explorer is cashed-up as it joins the boards, recently completing a $15 million IPO which closed heavily oversubscribed.
The company issued 75 million shares at 20 cents per share, giving the miner an approximate market capitalisation of $24 million.
Australian diversified explorer Centrex Metals’ (ASX:CXM) has commenced mining and crushing of two 400 tonne run of mine ore samples from its Ardmore Phosphate Rock Project (“Ardmore”), located south of Mt Isa in north-west Queensland, with the samples to be shipped to two customers in the region as paid trials for the production of single […]
As part of the exploration activates MetalsTech will also conduct a field mapping exercise, identifying target areas for further inspection – a critical precursor to a maiden drilling campaign.
The TSX-V listed gold explorer has entered into a binding letter of intent to acquire all of the shares in Drummond East which holds seven granted tenement licences comprising a total 1126 square kilometres of strategic conglomerate hosting exploration properties.
The project now contains a sizable Indicated and Inferred Mineral Resource of 82 million tonnes at 4.7% lead, 119 grams per tonne gold, 2.4% zinc and 0.2% Copper – up more than 5.1 million tonnes since its previous estimate disclosed in March this year.
The TSX-V listed gold play has inked definitive agreements with Arrow to buy up to an 80% stake in Arrow’s wholly-owned subsidiary Arrow Pilbara which holds two exploration licences and two exploration licence applications over 609 square kilometres in the Pilbara region.
Canadian mid-tier gold miner and Pilbara conglomerate gold devotee Kirkland Lake Gold has inked a share purchase agreement to acquire the 4 million shares Artemis holds in Novo, upping its stake in fellow Canadian gold play from ~23.1% to ~25.5% on a partially diluted basis.
Investors welcomed the news with the stock (ASX:PUR) jumping as high as 14c, up 33%, in Thursday’s trade after nine drill holes from the Koitelainen V prospect produced magnetite concentrates with vanadium oxide values ranging from 2 – 3.7 per cent and average 2.3 per cent.
As part of the capital injection, Pacton issued approximately 24 million shares at C$0.23 per share, as well as offering share warrants, which effectively act as option agreements with a three year term convertible at C$0.35.
The ASX-listed company has been awarded a petroleum agreement – which is for an initial four-year term – for a 56% stake and operatorship of offshore Block 2813B from the Namibian government.
The Butcherbird project, located in Western Australia’s Pilbara region, holds a massive mineral resource of 180.8 million tonnes at 10.8% manganese, which Montezuma believes is ripe for development.
The massive cash injection adds to Artemis Resources already hefty war chest, with the company announcing it held approximately $17.4 million in cash at the end of the March quarter.
The Sweden-headquartered subsidiary – to be named Talga Battery Metals AB – is part of a company restructure and will control Talga’s four highly prospective cobalt projects in northern Sweden.
Admiral Bay will be vended into Kimberley Mining at a targeted valuation of A$30 million cash and shares after corporate structuring and shareholder approval.
Mr Anderson – who has 35 years under his belt as a geophysicist in Australia and internationally – has been appointed as a geophysical consultant and brings significant technical expertise and direct working knowledge of specific mineralisation styles in the region.
Now in its 14th year The RIU Sydney Resources Roundup is widely regarded as the largest resources conference on the east coast of Australia, by number of companies presenting, and is only rivalled nationally by the Diggers and Dealers Conference in Kalgoorlie.
The ASX-listed explorer has begun gravity and CSAMT surveys at the project – which lies in the Catamarca Province – with the objective of defining the geometry and depth to basement of the salar and Los Patos channel, as well as map resistivity contrasts to help identify potential lithium-bearing brine aquifers.
In a deal that will is hoped to provide a catalyst for the international expansion plans of mining services company HiSeis Pty Ltd, a majority shareholding of the founding shareholders, including Curtin University, has been sold to a syndicate of investors represented by Azure Capital Ltd and Sternship Advisors. The incoming investors include a group […]
The company has proposed off-market, all scrip acquisitions for its unlisted joint venture partners, TSV Montney (TSV) and TMK Montney (TMK).
The drilling results are have returned tin grades as high as 4.1 percent from the Lutwyche-Kookaburra prospect, which is accessible via surface shafts from existing underground development at Aberfoyle.
The ASX-listed explorer – which can now earn a 95% stake after completed the acquisition of holding company Kunene North Pty Ltd – has now applied for two new exploration prospecting licences which adjoin the existing Kaoko Kobalt licence.
Ruth Well is located only 12km north of Artemis’s Radio Hill Nickel/Copper/Cobalt treatment plant which is currently being upgraded and recommissioned.
Shares in Artemis Resources (ASX:ARV) have gained today after shallow high-grade nickel was intersected at the top of the Radio Hill deposit near Karratha in Western Australia’s Pilbara. Artemis has now received results from the 80 reverse circulation holes (totalling 7052 metres) drilled at the top of the Radio Hill deposit, which is located only […]
Armed with a drill rig and field team on site, ASX-listed explorer Metalicity (ASX:MCT) is on the hunt for high-grade cobalt at its Yerrida project, located in Western Australia’s Mid-West region. The company is not only looking for anomalous deposits of the battery mineral, it is also looking for similarities to the Central African Copperbelt, […]
Base and precious metals exploration company Rumble Resources (ASX:RTR) has doubled down on its Pilbara assets, acquiring the Barramine project which is contiguous to its Braeside project and may hold a continuation of highly-prospective geological structures. The Barramine project, which is located approximately 150km from the town of Marble Bar, is prospective for copper, lead, […]
Artemis Resources (ASX:ARV) is moving ever closer to becoming cash flow positive from its Radio Hill operations as work ramps up across its suite of base metals, cobalt and gold deposits in Western Australia’s Pilbara. Work on refurbishment and upgrades at Radio Hill processing plant, located 25 km south of Karratha, are progressing as planned, […]
TNT Mines’ aim of finding possible commercial tin and tungsten deposits at Aberfoyle and Storey’s Creek is gaining momentum with a raft of exploration activities underway at its Tasmanian projects.
The company announced its intention to acquire the Kaoko Kobalt on April 13, citing the project’s prospective location, adjoining Celsius Resources’ Opuwo cobalt –copper bearing ‘DOF’ horizon and positioned approximately 750km from port of Walvis Bay.
The approved Programme of Works will see large-scale exploration commence at 47K Patch, located about 30km south of Karratha – an area emerging as one of Australia’s hottest gold exploration provinces.
After announcing it was seeking to acquire a landholding earlier in the year in arguably the most productive lithium brine basin in Argentina, Dempsey has now reported that due diligence over Blue Sky and its licences is almost complete and tracking well.
Greenland Minerals is developing the highly touted Kvanefjeld project, which is projected to be one of the world’s largest producers of rare earths, holding so called “magnet metals”: neodymium, praseodymium, dysprosium and terbium.
Celsius delivered an indicated and inferred mineral resource of 112.4 million tonnes, grading 0.11% cobalt, 0.41% copper and 0.43% zinc, at a cut-off grade of 0.06% cobalt.
Cazaly will issue 6 million shares to Kunene North and KDN and commit to spending A$270,000 on the project, while also agreeing to issue 10.5 million Cazaly shares upon completion of a JORC compliant resource and paying A$1 million – via cash or scrip – upon a formal decision to mine.
Drilling at the Whundo copper project in Western Australia’s Pilbara region continues to deliver excellent grades for Artemis Resources with results pointing to a potential significant increase in resources at the project. A total of 36 angled drill holes have been drilled for 2,928 metres at Whundo which lies only 15 kilometres from Artemis’ Radio […]
A recently completed Gap Geophysics Sub Audio Magnetics (SAM) survey at the project identified several higher priority Galvanic Source Electromagnetic (GSEM) targets.
Galileo has today lodged its Prospectus for the float, with the company anticipating to open its offer on the 16th April 2018 and commence trading under the ticker code GAL in early May 2018.
The Arrow deal represents the second foray into the Pilbara for Pacton after the TSX-V listed company snapped up CTTR Gold Pty Ltd which owns nine exploration licences covering 492km2 in the region earlier this year.
NPJV has partnered with a Njamal family, one of the traditional owners of the land stretching east of South Hedland, past Marble Bar and out to Wandanya to create a service provider based company that will provide jobs and a viable business in the Pilbara.