Tag: Victoria

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Morning News Bites – September 25

Cricket world in shock over Dean Jones death in India yesterday. Gold drops to around $1850US/oz but sits at $1869us/oz as of time of publish and Home buyers set to be winners after lending laws placed around the GFC set to be dropped. 

Northern Star Resources has release details on its forward strategy yesterday. Highlights in the presentation included a World record in development metres at Millennium and Kanowna Belle record annual mill throughput from Kalgoorlie Operations. Jundee mining tonnage increased 38% and Processing Plant Expansion ~30%, Pogo Operations have been modernised and positioned for growth, now contributing strong cashflow and KCGM Long-life robust mine plan that delivers beyond FY2034 based on current Ore Reserves
of 9.7Moz.

An acquisition agreement has been reached by Pursuit Minerals to acquire the Gladiator Gold Project, comprising 4 exploration licences located 10km northwest of Laverton in Western Australia. CEO Mark Freeman said “The strategic acquisition of these Exploration Licences has come following our regional review and identification of priority area in this rapidly developing and highly prospective area northwest of Laverton. We look forward to commencing geological mapping, rock chip and soil geochemistry, along with planning for an initial drill program.” Previous drill highlights have included 11m @ 4.64g/t Au from 61m, including 1m @ 37.2g/t Au from 65m, in drill hole WGC89 and 11m @ 2.75g/t Au from 59m, including 1m @ 11.47g/t Au from 60m and 1m @ 4.06g/t
Au from 67m, in drill hole WGC98.

Strong Broga infill and extension drilling results have been announced by De Grey Mining. Highlights included 81m @ 1.7g/t Au from 37m in drill hole HERC192 and 9m @ 3.7g/t Au from 62m in HERC189. While follow up intrusion defined additional mineralisation drilling produced 7m @ 5.4g/t Au from 163m in HERC170 (Brolga South). According to De Grey Mining Technical Director Andy Beckwith the infill results give strong support and the intrusion at Brolga South appears to parallel the Falcon Extension “This first round of infill drilling to 80m x 40m spacing at Brolga provides strong support and confirms the consistency and continuity of gold mineralisation as expected. The infill drilling program will continue over the coming months at all the Hemi zones to enable a robust resource estimate targeting a high level of JORC 2012 Indicated category resources by the middle of 2021. The Brolga South intrusion is becoming a strong target as it narrows and remains open to the south. Overall, the intrusion appears to parallel the new Falcon intrusion making the southern extensions a prime aircore drilling target.”

Australian Potash via Twitter

As Australian Potash is set to make a final investment decision in Quarter 1 of 2021 on its Lake Wells Sulphate of Potash Project, an update to the market has been provided. The Project finance due diligence processes are under way and according to Managing Director and CEO Matt Shackelton the approvals and permits have been approved by the EPA “The various approvals and permits required for us to commence works under the Minor and Preliminary Works approval previously granted by the EPA are now being finalised, with site activities being scheduled for Q4 2020”. “Notwithstanding the operating restrictions caused by the COVID pandemic, it is very pleasing to report that APC remains on track to complete all of the above work programs and make a final
investment decision on developing the LSOP in early 2021.” he said.

Results from Resolution Lode drilling for Navarre Minerals has provided results of 5.0m @ 10.0 g/t Au from 273.9m in RD027
and 9.4m @ 5.3 g/t Au from 355.6m, including 3.4m @ 9.2 g/t Au in RD028.  Managing Director Ian Holland said “Resolution Lode continues to deliver consistently strong intersections of high-grade gold mineralisation from within a well-defined lode channel. We are becoming more confident that the geometry and style of gold mineralisation encountered to date has the potential to grow into a large deposit similar to Magdala.” The Resolution Lode prospect is located 20kmsouth of Stawell’s 4Moz Magdala Gold Mine in Victoria.

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Morning News Bites – September 7

In Today’s Morning News Bites for September 7. Victoria announced its road map out of their COVID19 second wave, Hancock Prospecting leads the field of top 500 private companies taking over from Visy and Novak Djokovic out of US Open after hitting a linesperson in a non deliberate but serious manner.

Dreadnought Resources Limited announces that a 36 hole, ~3,500m RC drill program has commenced at the Illaara Gold-VMS-Iron Ore Project, located 160km northwest of Kalgoorlie. Drilling will commence at Metzke’s Find (19 holes and ~2,300m) which has previously returned high grade gold intercepts including; 2m @ 12.8 g/t Au from 51m including 1m @ 24.8 g/t Au from 51m. Rig will then move to the recently defined Longmore’s Find (17 holes and ~1,200m) and is expected to be completed in 3-4 weeks with assays expected throughout October 2020.

The National Battery Stewardship Scheme to boost spent battery collection and recycling according to Lithium Australia. The ACCC has authorised the Battery Stewardship Council to establish and operate a national stewardship scheme for managing end-of-life (‘EOL’) batteries. The Scheme will impose a levy on batteries at their point of sale, with the funds generated used to subsidise their collection and recycling. The value imputed by the levy will provide a commercial incentive to divert batteries from landfill, a positive environmental outcome of the Scheme. Diverting EOL batteries from landfill will provide more material for processing at the Melbourne, Victoria-based mixed-battery recycling facility of Envirostream Australia Pty Ltd (a 90% subsidiary of the Company).

Auroch Minerals Limited is pleased to announce RC drilling has commenced at its Valdez Prospect, part of the Leinster Nickel Project (Leinster) in Western Australia. 1,000m Reverse Circulation (RC) drill programme is underway at the Valdez Prospect targeting a recently-defined nickeliferous basal channel coincident with both magnetic and surface electromagnetic (EM) anomalies. All drill-holes will be surveyed with downhole electromagnetics (DHEM) to better define the surface EM conductor and provide targeting for potential massive nickel sulphidesfor the next round of exploration.

Hammer Metals Ltd provides results from its diamond drilling program undertaken on the Shadow and Toby prospects located within the Mt Isa East Joint Venture area and on the Koppany prospect located within Hammer’s JV with Mount Isa Mines. Two holes were drilled at the Shadow prospect, for a total of 372m and a further hole was drilled at Toby (252m). The drilling at Shadow confirms that the Shadow trend is mineralised and has the potential to host a significant Copper Deposit. With the presence of a wide zone of copper mineralisation in the first two holes the JV has committed to expanding the work program along the remainder of the 4km magnetic trend and the surrounding Mt Philp areas. This work program will consist of soil sampling and field mapping with the aim of identifying targets for follow up drilling.

WA-focused gold exploration and development company Classic Minerals Limited announce that it has received assays results from its maiden auger soil program at its Forrestania Gold Project in Western Australia. The Company completed a total of 310 auger holes at the Kat Gap project. The auger drilling has delivered a substantial gold anomaly located in the granite west of the main granitegreenstone contact where Classic has identified an inferred gold resource of 975,722t at 2.96g/t for 92,856 ounces. Kat Gap is strategically located approximately 70km south-south east of the Company’s Forrestania Gold project containing the Lady Magdalene and Lady Ada gold resources.