News

Venturex Resources managing director Bill Beament says global investors are hungry for exposure to future facing commodities (reports MiningNews).

Beament previously ran ASX 100 gold miner Northern Star Resources, but now leads copper-zinc developer Venturex (soon to be renamed Develop). He is also an advisor to special purpose acquisition company (SPAC) Metals Acquisition Company, run by Venturex director Mick McMullen, which recently raised US$250 million and listed in New York. It is one of a number of SPACs focused on clean metals. SPACs are currently banned on the ASX, but Beament predicted they would suck talent out of the Australian market.

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23rd September 2021

Sensore has entered into a joint venture over Chalice Mining’s Auralia nickel-copper-platinum group element project in Western Australia (reports MiningNews).

Sensore has entered into a joint venture over Chalice Mining’s Auralia nickel-copper-platinum group element project in Western Australia (reports MiningNews). SensOre can earn 51% by spending A$1.5 million over two years and, at both parties' election, an additional 19% by expending $3.5 million over a further two-year period. The project covers 1218sq.km of the Madura Province, 500km east of Kalgoorlie.

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Junior explorer Kin Mining (ASX: KIN) has announced a 45,000 ounce increase to the mineral resource estimate at the recently-discovered Cardinia Hill gold deposit within its flasghip Cardinia project in Western Australia (reports Small Caps).

Updated figures released today have seen the deposit’s estimate rise to 2.2 million tonnes at 1.5 grams per tonne gold for 106,000 ounces contained gold, within a global resource of 31.1Mt at 1.27g/t gold for 1.28 million ounces. The resource includes a maiden underground inferred estimate of 125,000 tonnes at 2.71g/t gold for 11,000oz at a 2.0g/t cut-off grade and is constrained to the main lode which displays mineralisation continuity and is amenable to extraction methods.

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Plus, Boss positioning to be first cab off the uranium rank and Kingston prepares to finish DFS on 2.5Moz Misima

It has been a champagne week for the ASX-listed lithium sector. The first-up boost for the sector came from Pilbara Minerals (PLS), courtesy of the spectacular price achieved in the second auction of spodumene concentrate on its newbie online platform, the Battery Material Exchange (BMX). Then there was Ioneer (INR) securing $US560 million ($A765m) in backing from South Africa’s Sibanye-Stillwater for its Rhyolite Ridge lithium-boron project in Nevada. PILBARA:

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Return of the boom, or a Reddit-fuelled feeding frenzy? That’s the critical question after a week which saw uranium catch fire, along with most other energy commodities, including lithium, oil and gas.

The answer to the question of whether the boom is back or whether the market this week was dominated by speculators outbidding each other for a slice of the resources pie, is probably a bit of both. Uranium, after a decade in the deep freeze which followed the Fukushima nuclear reactor meltdown in Japan, has stormed back into favour as an energy metal destined to play a role in transition away from fossil fuels.

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It’s the shot being heard around the mining world (reports Chanticleer in The Australian Financial Review).

Just after 7pm on Tuesday evening, Perth-based lithium producer Pilbara Minerals announced it had conducted just its second-ever auction on the Battery Material Exchange, a platform it launched in March to sell unallocated tonnes of spodumene concentrate from its Pilgangoora complex, 120 kilometres from Port Hedland in Western Australia’s resource-rich Pilbara region.

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Minerals 260 will join a recent rash of spin-outs in the junior sector when it lists next month as a separate entity from parent Liontown Resources (reports The West Australian).

But unlike some of the recent crop, the uncoupling makes sense and looks well structured. Minerals 260 will house Liontown’s precious and base metals assets with a focus on the prospective Moora project and contiguous Koojan farm-in joint venture project with Lachlan Star. In March, Liontown reported an intersection of 44m at 1.6g/t gold from 200-244m at Moora’s Angepena prospect, which included 20m at 3.2g/t and 4m at 10.1g/t from the first RC hole drilled.

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Centaurus Metals, which last week announced a new greenfields discovery at Tigre, hasn’t let up the pace at Jaguar South, where step-out and infill drilling continues to grow potential resources at the core of the Brazilian project with eight rigs in operation (reports MiningNews). The deepest step-out drilling at the core Jaguar South deposit to date has returned "consistent high-grade" intersections, such as 7m at 1.24% nickel from 349m, including 3m at 2.31%, over 21m at 1.25% from 367m, including 3m at 5.56%. The hit was 50m down-dip of previous drilling.

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