Kairos Minerals (ASX: KAI) has defined a new exploration target at its Pilbara gold project south of Port Hedland containing between 4.4 million tonnes to 7.4Mt of gold bearing ore (reports Small Caps).
The exploration target, which has grades ranging between 1.5 grams per tonne gold and 1.8g/t, is located close to the company’s promising Mt York and Iron Stirrup deposits as well as to the Zakanaka prospect.
It is possible that the new target area contains extensions of the mineralisation from the historical pits at Zakanaka, the company predicts.
It includes untested greenfield exploration potential and is in addition to the current 873,500oz gold indicated and inferred mineral resource at Mt York, based on 20.9Mt at 1.3g/t.
At long last, green shoots can be seen across the Australian uranium industry, but they risk wilting unless the price of the nuclear fuel moves higher (reports MiningNews).
High hopes for a uranium revival in a country that ought to be one of the world's leading suppliers of the material given its rich geological endowment have seen a mini boom in the share prices of explorers with uranium interests.
But all of the players need a price above the current spot uranium market which remains bogged at around US$31 a pound despite predictions that uranium will play a key role in energy transition and the decarbonisation of the environment.
Analysts and fund managers from across Australia were given an opportunity to visit Northern Star Resources’ KCGM assets this week, many for the first time due to COVID-19 travel restrictions (reports MiningNews).
Though one of the world's most iconic mines, it has been largely unavailable to the investment community due to its previous ownership by Newmont Corporation and Barrick Gold.
While Northern Star and Saracen took Western Australian attendees of Diggers & Dealers on a tour in October 2020, it was the first trip for eastern states investors and the first since Northern Star acquired Saracen and became KCGM's sole owner.
The 90 million ounce gold camp has been in production for 126 years.
With a price moving back towards US$20,000 a tonne, nickel has shrugged off the worst of a 20% crash in February and become an investment opportunity where you can follow the money – and “the man” (reports Tim Treadgold on Small Caps).
In the case of nickel, a high value metal ideal for small companies, the man happens to be one of Australia’s richest, the iron ore billionaire, Andrew Forrest, also known as Twiggy.
Before the Perth-based entrepreneur made his fortune through the outrageous success of Fortescue Metals Group (ASX: FMG), Forrest was a true believer in nickel, though he failed to make a permanent mark with his Anaconda Nickel.
Tesla chairman Robyn Denholm says miners, manufacturers and governments must speed up “at an extremely fast pace” the innovation needed to transform Australia from an exporter of fossil fuels into a global new energy superpower (reports The AFR)
In a major speech to the mining industry, Ms Denholm predicted that Tesla would soon consume more than $1 billion a year of Australian lithium, nickel and other critical and rare earth minerals for its batteries and electric motors.
Aspiring gold producer Kingston Resources (ASX: KSN) has announced significant new gold and silver results from the latest holes of a resource drilling program at Kulumalia within its flagship Misima project in Papua New Guinea (reports Small Caps).
The holes returned multiple new wide mineralised intercepts outside of the current reserve pit shell, which the company said increases its confidence in the existing resource and reserve models.
Assay highlights include a 3m intersection grading at 8.3 grams per tonne gold and 87.2g/t silver from 1.5m and 21.3m at 1.69g/t gold and 30.5g/t silver from 218m.
Selling the Arakaka gold project in Guyana allows Alicanto Minerals (ASX:AQI) to focus its financial and human resources on the 20,000m drilling campaign currently underway in Sweden (reports Stockhead).
The sale is subject to conditions, including that Canadian buyer Virgin Gold complete due diligence on Arakaka, obtain any necessary third party consents, and complete a reverse takeover of CSE-listed Goldblock Capital.
In turn, Alicanto will be required to seek shareholder approval for the disposal of the Arakaka project.
Under the agreement, Alicanto will receive C$750,000 cash and rights to Goldblock shares to a value of up to C$4 million when Goldblock hits certain NI43-101 compliant resource targets.
Gold miner Northern Star’s rise to blue chip status has been marked with a cultural change in the boardroom, with prominent company director Michael Chaney AO set to become the company’s next chairman (reports The Australian Financial Review).
Mr Chaney, who has previously chaired blue chip companies like Woodside Petroleum, National Australia Bank and is currently chairman of Wesfarmers, will replace Northern Star’s talisman Bill Beament on July 1.