News

Drills are turning, and multiplying, in and around the Leonora-Laverton-Leinster ‘golden triangle’ of Western Australia

Drills are turning, and multiplying, in and around the Leonora-Laverton-Leinster ‘golden triangle’ of Western Australia and the arrival of a diamond rig at Genesis Minerals’ Ulysses project on the weekend is set to ramp up interest in activity there (reports MiningNews). Genesis recently raised A$19.5 million at 4.2c to fund the $13.5 million acquisition of the Kookynie gold project, expanding its tenure around the Ulysses (JORC 8.5 million tonnes grading 3.2gpt gold for 867,000oz) production target to more than 650sq.km.

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Grades of up to 8.8g/t gold from the ‘Kashmir’ target are “extraordinary” for early stage greenfields exploration and reinforce the Gidgee project’s potential

Grades of up to 8.8g/t gold from the ‘Kashmir’ target are “extraordinary” for early stage greenfields exploration and reinforce the Gidgee project’s potential to host a major gold system (reports Stockhead). Gateway’s (ASX:GML) main asset is the 1000sqkm Gidgee gold project, an emerging large-scale gold system in the heart of WA’s mineral-rich Murchison and Northern Goldfields.

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RareX and its Canadian partner Kincora Copper are accelerating drilling at their Trundle copper-gold project to follow-up on recent encouraging exploration results (reports Stockhead).

RareX and its Canadian partner Kincora Copper are accelerating drilling at their Trundle copper-gold project to follow-up on recent encouraging exploration results (reports Stockhead). Recent holes at the Mordialloc prospect have hinted at the presence of an economic copper-gold porphyry deposit within the known northern porphyry system at the Lachlan Fold Belt in New South Wales.

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The European Union has issued a plan to cut its dependence on Chinese supplies of rare earths, lithium batteries and solar-cell components, as it tries to build a green-energy economy that isn't largely made in Beijing (reports the Fin Review))

The European Union has issued a plan to cut its dependence on Chinese supplies of rare earths, lithium batteries and solar-cell components, as it tries to build a green-energy economy that isn't largely made in Beijing (reports The Australian Financial Review). Brussels will bring industry, governments and NGOs into a "European Raw Materials Alliance", which will refashion the continent's supply chains for up to 30 critical products - including those used to make wind turbines, fuel cells, solar panels, magnets, drones and batteries for electric vehicles.

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The global copper market could be on the cusp of a historic supply squeeze

The global copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade (reports The Washington Post). A growing chorus of traders and analysts say those dwindling spot reserves could trigger a further surge in prices, building on a rally that lifted copper this week to two-year highs above $US6800 a tonne.

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The nickel hopeful spearheading the revival of Kambalda’s mothballed nickel mines is hailing a new discovery near its cornerstone deposit (reports The West Australian).

The nickel hopeful spearheading the revival of Kambalda’s mothballed nickel mines is hailing a new discovery near its cornerstone deposit (reports The West Australian). Andrew Forrest and IGO-backed Mincor Resources scrambled to reveal to the market early yesterday it had hit massive and matrix nickel sulphide mineralisation at its Cassini North prospect. That came after the emerging producer received assays and geophysical data from the discovery hole late on Tuesday.

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Red 5 shareholders have a two-year wait for cash to flow from the company’s significant new King of the Hills gold project in Western Australia, and one investment bank's suggestion is the wait could be worth a lot more

Red 5 shareholders have a two-year wait for cash to flow from the company’s significant new King of the Hills gold project in Western Australia, and one investment bank's suggestion is the wait could be worth a lot more if Red 5 shows in its upcoming final feasibility study how much the asset’s growth prospects have improved since its 2019 prefeasibility (reports MiningNews).

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Cashed-up explorer DevEx Resources (ASX:DEV) is having a red-hot go in coming weeks and months at completing a trifecta for exploration enthusiast Tim Goyder (reports Stockhead).

Cashed-up explorer DevEx Resources (ASX:DEV) is having a red-hot go in coming weeks and months at completing a trifecta for exploration enthusiast Tim Goyder (reports Stockhead).

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