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January 16, 2024

International Coach adds to ILM Team Strength

Matthew Van Pelt is our latest addition to the Industry Link Media team.

ILM Team Member and Goldfields Giants Coach Matt Van Pelt

Van Pelt, a 32-year old native from the United States, is a professional basketball coach, former professional basketball player, entrepreneur, sports writer, and a recently published author.

He has ventured to Kalgoorlie not only to boost our intimate, but ever-growing staff with Industry Link Media, but also to take on the challenge of leading our Goldfields Giants Men’s Basketball team back to prominence.

Basketball has been Coach Van Pelt’s passion, life, and area of expertise for more than two decades now.

With basketball experience in more than 25 countries, his experience with the game runs deep. Firstly as a player, Van Pelt spent seven years playing professionally across 13 different countries.

He won league MVP in Cambodia and Thailand, led the league in the Northern Territory of Australia in both scoring and assists, led the leagues of Indonesia, Ireland, and Thailand in assists, and won championships in French Polynesia, Italy, Switzerland, Cambodia, and Vietnam.

Prior to traveling the globe as a professional, Van Pelt played four years of college basketball at Spring Arbor University in Michigan, where he started all four seasons and won the Pete Maravich Award, which often goes to one of the nation’s top point guards, and had his school rename their team’s award for its best defender after him, dubbing it the ‘Matt Van Pelt Defensive Player of the Year’ award.

As an athlete, Van Pelt hardly passed the eye test as a 5’9 undersized point guard on the court. He carried with him an underdog mentality which has since joined him along his coaching career path as well, as teaching not just the pros, but also the beginners, has been a focus of his.

In his young, but busy coaching career thus far, Van Pelt has led camps, clinics, and skill workouts for athletes of all ages and abilities, from coaching kids in Jordan who have never touched a basketball, to coaching primary school kids in Malaysia, high schoolers in the Maldives, and non-English speakers in Tahiti and Guatemala among other places, Van Pelt’s passion for teaching the game has reached all parts of the globe.

While educating young athletes in the basics brings Van Pelt joy, he’s at his best when working with the best.

Van Pelt has coached with or trained under five of the world’s most famous and well renowned basketball trainers in the world. He has also coached multiple former NBA players himself on the player development side of things, and has won consecutive championships at some of the highest levels of basketball in Asia, where he has spent his last 8 years living.

Most recently, Van Pelt has lived in Ho Chi Minh City, Vietnam for the past four years, where he has led the Vietnam Men’s National Team in both 5v5 and 3×3 to multiple medals in the Southeast Asian Games, and also where he has steered the Saigon Heat, arguably Vietnam’s most prestigious professional sports organisation, to four straight championships in Vietnam, something never before done in southeast Asia.

Van Pelt hopes his recent success won’t be a thing of the past, but something that will be contagious as he brings his winning desires to Kalgoorlie’s very own Goldfields Giants men’s team.

“I can already sense Kalgoorlie Boulder has a very strong sports community, and I hope to make it proud,” said Van Pelt.

“It’s not going to be easy, as the NBL1 West competition only keeps getting stronger, but I didn’t come here to lose games. Our aim is to win, and to win sooner than later. After just a handful of training sessions I can see we’ve got a great group of guys who are very coachable, get after it with intensity, and put the team first. We are looking to add one or two more talented pieces to the roster that I think will fit in perfectly to what we’ve got already. It will take some time to grow our chemistry and we must have a very intentional training camp, but we plan to compete,” Van Pelt added.

While Coach Van Pelt aims to instil the winning mentality into each of his Giants players, he too hopes to get the community behind the team, and to become an integral part of that community himself.

It won’t be just his leadership of the Giants, but also his background in sports writing and media that will help to power the Kalgoorlie Boulder community and a new local sports media venture moving forward

Van Pelt graduated from university in 2013 with a degree in English Writing and Journalism. He wrote articles for various newspapers and websites, co-hosted his own blog titled Rant N Rave Sports, and even once interviewed for a sports writing position with the Los Angeles Lakers when formerly living in California.

Van Pelt also used his vast international basketball experience to publish his first book titled, “Hoopin’ Abroad: How to have a long, successful career playing professional basketball around the globe.”

Aside from writing, Kalgoorlie Boulder’s newest coach also delves into business and media, as he is also the president of Van Pelt Sports Management, a placement company he founded in 2015 that helps place professional athletes and coaches with jobs abroad, and has a YouTube channel that shares hoops related content online.

He plans to use his experience with writing, business, and media to smoothly and eagerly integrate into the Kalgoorlie-Boulder community.

“I am really looking forward to meeting those involved with Kalgoorlie Boulder sports community. Obviously, I will be coaching the Giants but I also cannot wait to go check out some of the City’s other sports, meet the teams and fans, get behind the community, and hopefully help put out some content on the various activities happening in our neighborhoods.”

March 24, 2023

What You Missed in the News This Week

Rivet Mining Services has gone into administration due to extreme weather events, labour shortages, project delays and rising costs.

Mining services, which provides bulk haulage and ancillary onsite services to mining companies in WA, is the only business within the Rivet Group effected.

Chris Hill, Vaughan Strawbridge and Hayden White from FTI Consulting have been made receivers and managers of the company.

Desert Metals has begun extensive field work at three of its key projects near Meekatharra.

The projects include drilling of a previously untested 15m greenstone belt for gold and other base metals at the Belele project; heritage surveys at the Dingo Pass project; and metallurgical work to determine recovery rates of clay hosted REE mineralisation at the Innouendy project to identify the most cost-effective processing methodology.

Rio Tinto has been the victim of a data hack.

Data on GoAnywhere software regarding former and current employees may have been stollen by hackers who have threatened to release stollen data.

“While investigations into this incident are ongoing and threats have been made by a cybercriminal group to release data on to the dark web, to date none of the records described above have been released, and we still do not know if the cybercriminal group holds these records or not,” a memo to staff said.

Several companies using GoAnywhere have reported data breaches, including Hitachi.

Lightning Minerals has identified lithium soil anomalism at its 100% owned Dundas project in WA.

Lightning Minerals CEO, Alex Biggs, said: “Further positive lithium in soil anomalism being identified at our Dundas project again supports our exploration strategy and belief in the region as an emerging lithium and critical minerals district.”

The S&P/ASX200 markets had a turbulent week, falling from 6,974 points o Monday to 6,900 on Tuesday, the market jumped again on Wednesday to 7,030 points before falling to 6,961 points on Thursday then finishing off the week at 6,955 points on Friday.

The All Ordinaries has lost 0.70% over the last 5 days. The market was at its lowest at close on Monday at 7,085 points. The All Ordinaries closed at 7,138 points on Friday.

Gold fell Tuesday afternoon from $1,985.88USD to $1,943.47USD before recovering the remainder of the week to $1,990.70USD on Friday, the highest price since April 2022.

Silver finished at $23.22USD on Friday, the highest it’s been since the start of February 2023.

March 17, 2023

What You Missed in the News This Week

Roy Hill has awarded a $70m order to Epiroc to automate their mixed fleet, making it the world’s largest autonomous mine.

The contact involves driverless conversion of 96 haul trucks, including 54 Caterpillar and 42 Hitachi trucks, and future trucks.

MACA has been awarded a mining contract with Atlas Iron at their McPhee Creek project in the Pilbara.

The tree-year project covers mine load and haul of up to 10million tonnes of iron ore per annum, and transportation to Roy Hill for processing.

Thiess Group executive and MACA CEO David Greig said “We’ve been working with Atlas for almost 15 years across our crushing, civil and mining businesses, and I look forward to working with them once again on the McPhee Creek Project.”

The West Australian Government and the Korea Institute of Geoscience and Mineral Resources signed a Memorandum of Understanding to research and develop the critical minerals chain.

The MoU was signed by Mines and Petroleum Minister Bill Johnston in the Republic of Korea as part of the State Government’s mission to promote the resource capabilities of WA.

In a statement announcing the partnership, the State Government said the MoU will further strength the relationship between WA and the Republic of Korea following the signing of a historic letter of intent by Mark McGowan on February 1.

“The letter of intent signed with MOTIE (Republic of Korea’s Ministry of Trade, Industry and Energy) recognises our strong strategic partnership with South Korea and charts a course for new opportunities into the future,” McGowan said.

“By signing an agreement with MOTIE, we are establishing a formal relationship to promote economic collaboration in the new energy and downstream processing sectors between Western Australia and South Korea.

The S&P/ASX200 dropped twice this week, dropping 102 points on Tuesday and 131 points on Thursday. The markets finished at 6,995 on Friday. Liontown Resources was the top performing stock on Friday, up 8.20%.

The All Ordinaries lost 161 points over the week, dropping on Tuesday and Thursday.

Gold had a good week, starting at $1,871.04USD, the price steadily increased throughout the week to $11933.43USD, following an upward incline since last week.

Silver had a slightly less stable incline over the week, slightly increasing from $20.80USD to $22.09USD.

March 10, 2023

What You Missed in the News This Week

Lynas has secured $200m in investments from Japan Australia Rare Earths through a subscription of ordinary shares.

Lynas CEO and managing director, Amanda Lacaze, said “JARE has been a valued and strategic partner to Lynas since 2011 and we welcome these new agreements which better reflect demand forecasts from the Japanese rare earths market.”

MinRes has pledged $600,000 over 3 years to the Lion’s Healthy Hearing Outback Program for Aboriginal Children in the Pilbara.

The Lions Healthy Hearing Outback program is run by a conglomerate of health organisations, including Ear Science Institute Australia (ESIA), Rural Health West and the Puntukurnu Aboriginal Medical Service.

“MinRes is proud to partner with Ear Science to help expand this life-changing ear health service into some of Western Australia’s most remote communities,” MinRes managing director, Chriss Ellison said.

“Far too many Aboriginal children experience ear disease and hearing loss, and Ear Science Institute are at the forefront of reducing that devasting burden.”

GBM Resources and Novo Resources have signed a sale and Purchase Agreement for GBM to sell its remaining 50% interest in the Malmsbury Gold Project to Novo.

The sale includes cash of $1M plus 4,037,872 Novo Shares, representing $1.45m.

The S&P/ASX200 dropped sharply on Friday, dropping 166.4 points to 7,144.7, setting a 20-day low.

The All Ordinaries followed suit, dropping 166.2 points to 7,348.2 points on Friday.

Gold fell sharply on Wednesday, falling from $1,881.58 to $1,816.17 but recovered slightly on Friday to $1,834.35.

Silver dropped sharply on Tuesday, falling from $21.35 to end the week at $20.24.

March 3, 2023

What You Missed in the News This Week

The Federal Government has prevented Chinese company Yuxiao Fund from raising its stake in Northern Minerals on grounds of national interest.

Yuxiao Fund wanted to increase its holding from 9.92% to 19.9% but needed approval from the Foreign Investment Review Board.

Northern Minerals has been focused on fine-tuning its heavy rare earths processing system through a pilot plant, which could make the Western Australia-based miner one world’s first significant heavy rare earth producer outside of China.

The Department of Water and Environmental Regulation has ordered Alcoa to clean out the toxic pipeline it built over Samson Dam in Waroona without approval.

The US based company had already built the pipeline to move firefighting PFAS contaminated water over the dam before even applying for approval.

DWER found the pipeline did not meet the requirements to prevent leaks and its location made it at risk of damage by vehicles.

This news is the latest in a series of potentially disastrous environmental blunders by Alcoa: earlier in the week the WA Forest Alliance called in the WA Environment Protection Authority to review Alcoa’s plans to mine jarrah forests after fear their mines will endanger Perth’s water supply and last week the state government expressed concerns Alcoa mines posed a risk to 1/3 of Perth’s drinking water in Serpentine Dam.

Forest Alliance convenor Jess Beckerling said the risks from Alcoa’s mining warranted a full and transparent assessment of its cumulative impact.

“This is obviously a matter of major public concern,” she said.

“The expectation must be that current best-practice WA government policy and aspirations are applied and maintained, and that the safety of drinking water and the integrity of ecological function is protected.”

Austral Gold has completed the sale of its Pinguino project to E2 Minerals, receiving $3.7M on Tuesday, with another $3.7M over the next 3 years.

Austral Gold’s CEO Stabro Kasaneva said “The transaction resulted in the immediate cash injection of US$2.5M to partially fund the development of the Heap Reprocessing project at our flagship Guanaco-Amancaya mine complex in Chile.”

Enegex has entered into a sale agreement with Caravel Minerals to sell them a tenement of Walebing Project.

Tenement E70/5442’s 82.4km² are located 122km northeast of Perth.

Enegex will retain 100% ownership of the remaining 3 tenements at the site.

Enegex Director, Rae Clark, said they are excited the transaction will “provide Enegex with exposure to Caravel’s exploration expertise through a royalty agreement.”

The S&P/ASX200 markets had a positive week, finishing at 7,284 points, 0.39% higher than Thursday. The top performing stocks were Liontown Resources, up 13.19%, and Ramelius Resources, up 5.58%.

Liontown was also the top performing stock in the All Ordinaries, the markets finished at 7,484 points.

Gold has made a swift recovery after a disappointing end to February. The week started at February’s lowest of $1,812.73USD before steadily climbing to $1,850.38USD.

Silver peaked on Wednesday at $21.35, stumbling on Thursday before recovering on Friday to $21.31.

February 24, 2023February 24, 2023

What You Missed in the News This Week

Weeks after the West Australian Government raised concerns that Alcoa’s mines posed a risk to the Serpentine Dam and 1/5 of Perth’s drinking water, it has been discovered that the US miner has risked another WA dam.

Alcoa applied for approval to build pipelines over WA’s Waroona Dam to pump PFAS contaminated water from firefighting foam, and despite not yet receiving approval, has already built the pipeline.

The Water Corporation worries a leak in the pipeline could contaminate the dam and said Alcoa built it without their knowledge.

A spokesperson from Water Corp said “It is Water Corporation’s view that such a pipeline would, along with other concerns, present an unacceptable risk to drinking water quality, therefore, Water Corporation does not support Alcoa’s proposal in its current form.”

BHP has announced it is selling its Daunia and Blackwater mines in Queensland, citing a 9.3B (32%) drop in its half-year profits and increased royalties.

BHP Mitsubishi Alliance asset president Mauro Neves said the Queensland Government’s decision to raise cola royalties had made the state uncompetitive.

Mineral Resources has entered into two binding agreements with Albemarle Corporation, the first to change their 40% ownership of the joint owned Wodgina Mine to 50% and the second to increase investment in lithium in China.

MinRes managing director Chis Ellison said “We are delighted to have reached these binding agreements, which cement MinRes’ place as a world-leader in lithium mining and leverage our partner Albemarle’s strong track record in battery chemical production.

“By growing our battery chemicals business and expanding into global chemical marketing, MinRes will become one of the world’s largest fully integrated lithium chemical suppliers to auto manufacturers, capitalising on the increasing demand for sustainable battery mineral products.”

The Federal and West Australian governments will invest $565m into expanding and upgrading the port at Port Headland.

In the first stage, two seawalls and a causeway will be constructed, increasing the port’s capacity to export lithium and copper.

MGN Civil will complete the construction works, with 90 per cent of materials and suppliers being sourced within the Pilbara region along with partnerships with First Nations businesses.

Anthony Albanese said “Demand is growing locally and overseas for clean energy sources and our Government’s investment in the Lumsden Point expansion will help position northern Australia to take advantage of the economic opportunities this demand presents.”

Magnis Energy Technologies has entered into an agreement with Tesla to supply them with critical minerals for electric vehicles.

Tesla will buy a minimum of 17,500 tonnes per annum of lithium and other critical minerals from February 2025.

Magnis chairman Frank Poullas said “We are really excited to bring our high-performing AAM to market that requires no chemical or thermal purification throughout the whole process, which differentiates this sustainable material in the market and provides great value to all parties.”

The S&P/ASX200 markets have continued its month-long downward path. The week started at 7,354 points, falling sharply on Tuesday and Wednesday, before raising slightly to 7,307 points at close of day Friday.

The All Ordinaries saw similar drops on Tuesday and Wednesday. The index lost 0.52% for the last 5 days.

Gold had a somewhat disappointing week, dropping from $1,848.42USD on Monday to $1,828.95USD on Friday, continuing the downward trend for the month.

Silver stayed steady at the start of the week, though stumbling at the end of the week to finish off at $21.58USD.

February 17, 2023

What You Missed in the News This Week

Newcrest has rejected Newmont’s $24.45B takeover bid after week-long deliberation.

Newcrest’s board said it is still open to negotiations but thought the offer didn’t represent sufficient values for shareholders.

The missing men whose vehicle fell into a hole approximately 100 meters underground in the collapse in the Dugald River underground mine have died.

Trevor Davis and Dylan Langridge were found on Thursday evening by drones.

Perenti chief executive Mark Norwell said “This is a devastating outcome and I want to extend my deepest sympathies and condolences to the families, friends, colleagues and loved ones of Trevor and Dylan, both of whom should have come home safely from work yesterday.”

Mineral Resources has secured control of Norwest Energy after their voting power increased to 53.86% on Thursday.

Norwest recommended its shareholders accept Mineral Resources’ $497M offer which would give them 1 fully paid Mineral Resources’ share for every 1300 Norwest share.

Mineral Resources’ managing director, Chris Ellison said “I’m delighted that so many Norwest shareholders have already accepted our revised offer and that we now have majority control of Norwest.”

Catalyst Minerals now has 88.1% voting power in Vango Mining from its takeover offer which was declared unconditional on Wednesday.

Vango shareholders will receive 5 fully paid Catalyst shares for every 115 Vango shares.

The S&P/ASX200 markets have continued to fall this week, with some ups and downs throughout the week.

Starting at 7,425 points on Monday, it peaked on Tuesday at 7,477 points before falling to 7,338 points on Wednesday. The markets recovered again on Thursday at 7,421 points then fell again on Friday to 7,347 points.

The All Ordinaries spiked on Tuesday to 7,672 points but fell to 7,552 points on Friday.

Gold stayed stable though much of the week, before falling to $1,827.50 USD on Friday.

Silver was slightly less stable, slowly decreasing throughout the week to $21.66 USD.

February 10, 2023

What You Missed in the News This Week

The West Australia government fears heavy rains could wash polluted water from Alcoa mines into the state’s biggest dam, making the water undrinkable.

The US aluminium giant that mines bauxite within 300 metres of the water’s edge at Serpentine Dam changed its methods about five years ago, increasing the risk of sediment flowing into the dam.

If the water was contaminated, it would cost taxpayers up to $2.6b and potentially take years to fix.

Battery Age Minerals has appointed Nigel Broomham as it’s General Manager of Exploration.

Broomham will spearhead the exploration of its portfolio of international batter metal assets.

Battery Age CEO Gerard O’Donovan said “Nigel is a highly experienced geologist who played an important role in the exploration, development and operation of Pilbara Minerals’ world-class Pilgangoora lithium project,” he said.

“He brings extensive technical geological expertise, strong commercial acumen and considerable energy and enthusiasm – all of which will be invaluable as we embark on our growth journey as a diversified battery metals company.”

Aerison Group has been awarded multiple new contracts for projects in Western Australia and South Australia, totalling $100m.

The projects involve the rare earths, agricultural, green energy and chemicals sectors and includes the Yuri Green Hydrogen project in the Pilbara.

Aerison CEO Giuseppe Leone said “These contract awards are an important step in delivering our industry diversification strategy, with an increasing focus on the critical mineral, agriculture and chemicals sectors.”

Newcrest has received a $24B takeover offer from rival gold miner Newmont.

The offer would entitle Newcrest shareholders 0.38 Newmont shares for ever 1 Newcrest share they own.

Newmont president Tom Palmer said “The proposed transaction would join industry-leading portfolios of assets and projects to create long-term value across the combined global business, and we welcome the consideration of Newcrest’s board of directors.”

Hancock Energy is the sole bidder for the takeover of Warrego Energy after Strike Energy bowed out this week.

Mineral Resources and Beach Energy were both contenders but pulled out last month.

Strick Energy will still walk away with $116m from their shares worth 25.99% voting power.

The S&P/ASX200 markets closed lower today after a disappointing week.

Starting off at 7,560 points on Monday, the markets fell throughout the week to end on 7,434 points. The markets still sit 479 points higher than the start of the month.

The All Ordinaries closed lower too, at 7,631 points, though still higher than the last 6 months.

The gold price remained steady after the dramatic fall last week, hovering around $1,875USD, before finishing at $1,866.15.

Silver has remained steady, rounding off the week at $22.34USD.

January 27, 2023

What You Missed in the News This Week

St Barbara Minerals released their December quarterly report this week, with disappointing results.

Consolidated gold production was down from 63,700oz in the September quarter to 60,976oz.

The Leonora operations saw a reduction of gold production from 34,078oz last quarter to 32,175oz. The December quarter from the year before produced 16,462oz more gold than this quarter.

The amount of gold sold was 32,634oz, down 2,712oz from last quarter and 22,966oz less than the same quarter last year.

St Barbara’s share price dropped 21.348% to $0.70 after the report was released on Wednesday.

Pilbara Minerals has appointed John Stanning as Chief Development Officer.

In the newly created position, stanning will over see Pilbara Mineral’s corporate development, growth and exploration functions.

Managing Director and CEO, Dale Henderson said “John brings an impressive track record of lithium sector experience and relationships across the value chain. We are looking forward to having John join our executive team and working closely with him to further our growth objectives as an emerging leader in the provision of sustainable battery materials products.”

Pilbara Minerals has awarded Primero Group a $62m contract for construction work at its Pilgangoora project.

The contract is for the construction of a primary rejection facility and preliminary works for a new crushing and ore sorting facility.

Located 120km from Port Hedland, the project is located at one of the world’s largest hard rock lithium deposits.

Pilbara Minerals managing director and CEO, Dale Henderson said “We look forward to working closely with Primero for the safe and successful delivery of this package, which will step-up our production run-rate to the next level with a total of
680 kilo-tonnes per annum of spodumene concentrate across the combined Pilgangoora operation.

“The successful completion of this project will further cement Pilbara Minerals’ position as
an emerging leader in the provision of sustainable battery materials products.”

Fortescue Metals has released its December quarter report for 2022, announcing record shipments.

Andrew Forrest said “The Fortescue team delivered our highest ever December quarterly shipments of 49.4 million tonnes, our best ever half year, grew the mineral and green energy business globally, strengthened our balance sheet, kept costs low, all while maintaining our excellent safety performance.”

Fortescue’s cash balance increased to $4B USD on 31^st December 2022, compared to $3.3B USD for the September quarter.

The S&P/ASX200 markets finished up on Friday at 7,493.8 points, setting a new 100-day high.

The week started at 7,435 points before gaining 0.56% through the week.

Megaport Limited and Liontown Resources were the top performing stocks, gaining 7.22% and 5.19% respectively.

The All Ordinaries closed up at 7,707.5 points.

The top performing stocks were 88 Energy Limited and Develop Global Limited, gaining 18.18% and 12.68%.

Gold peaked at $1,951.15USD on Wednesday, continuing a 9-month high, and rounding off the week at $1,928.82USD.

Silver stumbled at the start of the week, falling from $24.18USD to $23.79USD on Tuesday, before it rose again to finish off the week at $24.07USD.

January 13, 2023

What you missed in the news this week

Hancock Energy has increased its offer to buy Warrego Energy from $0.28 cash per share to $0.36 cash per share, totalling $447m if the offer is approved.

Three of the Four Warrego directors have recommended shareholders accept the deal over an offer made by Strike Energy, offering one Strike share for every Warrego share.

Great Western Exploration will extend its Firebird Gold Project after gold anomalism was found at their Greenstone Belt site, located near Wiluna.

The announcement saw a 4% share price increase for Great Western Exploration to $0.052.

Fortescue CFO Ian Wells has announced his resignation in order to spend time with family and friends.

Wells is the ninth executive in two years to resign, not long after Guy Debelle resigned in November last year.

Wells said that despite his resignation, “Fortescue is in a strong position to be able to deliver on short-, medium- and long-term growth options through the Iron Bridge magnetite project, Fortescue’s decarbonisation, and FFI’s (Fortescue Future Industries) portfolio of opportunities.”

Everest Metals Corporation’s share price jumped 20.87% to $0.110 per share after an initial drilling program at their Mt Edon mining lease saw positive pegmatite levels, causing EMC to push to exercise its exclusive farm-in option to acquire the right to 100% interest in the Mt Edon Project.

Chief Operating Officer, Simon Phillips said “EMC is pleased to announce its decision to exercise its right to farm into the Mt Edon LCT Pegmatite Project, subject to Shareholder approval. The company is pleased to have the opportunity to take the next step towards 51% ownership in a project with such an extensive array of pegmatite outcrops over six kilometres. The recent reconnaissance drill program gave EMC the data it needed to commit to the next stage of exploration at this highly fertile pegmatite field as part of the Company’s commitment to its Battery Minerals project development strategy”

Lithium Power International has commenced its drilling program at its East Kirup Lithium Prospect this week.

East Kirup is located in the Greenbushes region, Southwest of Collie.

LPI Executive Director, Andrew Phillips said ““The results of this drilling program will be used − along with previously completed environmental surveys − to prepare a CMP to allow drilling on new tracks, the commencement of phase three.

The intention is to hit the ground running in 2023, and we are pleased that the commencement of the program is so early in the year.”

The S&P/ASX 200 started off the week slow at 1,178 points before falling to 7,126 points on Wednesday. The market picked up again, increasing 202 points to finish off at 7,328 points.

The All Ordinaries finished at 7,540 points. The top performing stocks where Poseidon Nickle and Andromeda Metals.

Gold had a slow rise this week, starting at $1,882.00 USD and rounded the week off at $1,898.90 USD at the close of the ASX.

Silver was more turbulent, falling from $24.30 USD to $23.89 USD on Tuesday, raising again to $24.17 USD on Wednesday, then falling again on Thursday to $23.88 USD before finishing off the week at $23.94 USD.