We're pleased to release our June 2024 Quarterly Activities Report to shareholders. Significant Highlights for the Quarter include: Samphire Project 🔸Extension drilling around Samphire’s Blackbush resource continued with encouraging medium to high grade intersections. 🔸Additional requested information provided to SA Department for Energy and Mining for Samphire Retention Lease Proposal and field recovery trial. Awaiting advice on RL approval. 🔸Fabrication of pilot plant completed and components transported to AGE’s Whyalla yard. 🔸Known palaeochannels in the Samphire Project significantly extended using ground gravity from ~64 linear kms to around 90 linear kms. 72% of these channels remain unexplored. Big Lake Project 🔸Inaugural drilling program on project commenced, with drilling at one site returning encouraging indicators of paleochannel sands and elevated uranium levels. Additional holes to be drilled during August. Nabarlek North Project 🔸High resolution airborne magnetic and radiometric survey completed post quarter. 🔸Planning well underway for up to 40 reverse circulation holes to test various target / focus areas. Corporate and Uranium Market 🔸Cash balance at quarter end of $28.4 M. 🔸The spot U₃O₈ price ended the quarter at $85/lb, with some typical seasonal northern hemisphere summer volume weakness. 🔸The term U₃O₈ price remained solid in the US$79 to $80/lb U3O8 range at quarter end. 🗞️Read the full report here: https://lnkd.in/gxtCiJyw #AGE
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Adavale Resources is pleased to advise that the prerequisite statutory requirements for the aircore drill program at the MacDonnell Creek and George Creek prospects (EL6553), within the broader Marree Embayment have progressed with the lodgement of Adavale’s Program for Environment Protection and Rehabilitation (PEPR) application with the SA Department for Energy and Mining (DEM). MacDonnell and George Creek prospects historical results include drill intercepts of: 1.0 metre at 263ppm eU3O8 and 0.65 metre at 235ppm eU3O8 Adavale's Executive Director, David Riekie commented: “Achieving these regulatory requirements was critical to progressing Adavale’s uranium exploration program in South Australia. Whilst our follow-up drilling program at MacDonnell and George Creek involves a relatively modest 20 holes, we have built into the program with the assistance of the Dieri Traditional Owners, the ability to immediately expand the program based on any initial drilling success. Based on an average hole depth of 100m we expect the program will take 12 to 21 days to complete. All aircore samples will be analysed on site using pXRF to distinguish samples warranting laboratory certification for grade. The drilling in October is the culmination of a significant amount of preparatory work by the Adavale team to position the company for the discovery of an economic uranium deposit. While the MacDonnell and George Creek prospects are important target areas, the exciting and yet to be tested Marree Embayment Depocentre target area is a significant exploration opportunity and we continue to engage with the Special Administrator of the Adnyamathanha Traditional Owners to facilitate access to this area as soon as possible.” Grant Pierce, David Riekie, Allan Ritchie, John Hicks, Leonard Math, Nic Matich.
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Kali Metals Ltd (ASX:KM1) is about to hit the ground with a reverse circulation (RC) drilling campaign in the Higginsville #Lithium District, 28 kilometres east of Kambalda in WA, targeting the Spargoville Project. The operation is the company’s first lithium-focused drill program and the aim is to understand and potentially expand Kali's resource base in the Higginsville Lithium District. The initial 10,000-metre drilling program is set to explore the Spargoville Project, the first of eight project areas within the district. It is designed to be relatively wide-spaced to enable the company’s geology team to better understand the regional geology and identify priority target areas. Additional targets within the Spargoville and #Widgiemooltha project areas have been earmarked for drilling, pending final approvals. More at #Proactive #ProactiveInvestors #ASX #KM1 #Mining #CriticalMinerals http://ow.ly/eWZC105qANR
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Maiden 10,000m RC drilling program has commenced at our Higginsville Lithium District. The drilling will initially target the Spargoville Project, where exploration results to-date have generated multiple exciting targets. Additional targets within the Spargoville and Widgiemooltha Project areas have been identified for drilling and are awaiting final approvals. Results from the drilling program will be analysed and further infill drilling will be conducted at any corresponding prospects that show favourable results. Results from the drilling program will be regularly announced as the program progresses and assay results are received. Managing Director, Graeme Sloan, commented, “What a truly exciting time for Kali Metals. In just over three months we have successfully listed on the ASX and now commence our first ever drill program at Higginsville, a credit to the entire Kali team. The initial 2-3 month 10,000m RC program is, for the most part, relatively widely-spaced to allow our geology team to better understand the regional geology and focus on priority target areas. The Spargoville Project, one of eight Project areas within the Company’s Higginsville District, has a number of prospective areas queued for drilling, including Green Flame and Flynn-Giles. The current 10,000m program is very much an early part of the Higginsville journey, and we are looking at providing many more updates over the next 12 months”. Read the full ASX announcement: https://lnkd.in/gyVRF_Kc #KM1 #lithium #exploration
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Gemini lithium project has exceeded expectations Nevada Sunrise Metals has informed us that the preliminary evaluation of the Gemini lithium project has exceeded all expectations. Warren Stanyer, has stated: "We are very pleased that the maiden resource estimate has exceeded expectations," He has added that: "With only five holes drilled to date in just 15% of the project area, Gemini has emerged as one of the world's largest lithium resources, and the fourth largest in the United States. We look forward to additional exploration at the Project to effectively expand the size of the resource, leading to the production of a preliminary economic assessment." According to the company statement drilling at Gemini was based on targets selected from geological mapping and geophysical surveys that included a detailed gravity survey and two time-domain electromagnetic (“TDEM”) surveys. The drilling was completed in five RC holes totaling 2,234.18 meters in depth. The first ca of 615.85 meters, and the second ca of 1,618.49 meters. Drilling to date has tested only a small portion of the Project area which represents ca of 15%, of the area. The deposit remains open in all directions and at depth. The Inferred resource estimate comprises, in an open pit-constrained resource ca of 1.3 million tonnes of Lithium, or 7.1 million tonnes of lithium carbonate equivalent (“LCE”) contained within 1,200 million tonnes of lithium-mineralized clay at an average grade of approximately 1,130 parts per million (“ppm”) Lithium. The Gemini Lithium Project (“Gemini”) consists of 280 unpatented lode claims totaling 2,266 hectares and located in the Lida Valley approximately 10 kilometres east of the town of Lida, Nevada. #mining , #miningindustry , #lithium
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Torr Metals (@torrmetals) has obtained a three-year exploration permit from the government of Ontario, allowing the company to proceed with drilling at its 260 km² Filion gold project in northern Ontario. The project benefits from excellent infrastructure, including proximity to the Trans-Canada Highway 11, rail, road, and power grid, enabling low-cost exploration. 'The project, acquired through staking in October 2023, has shown promising early results,' said CEO Malcolm Dorsey. The company's exploration model identified structural controls and stratigraphy indicative of significant gold deposits. Historical high-grade samples and initial reconnaissance programs yielded encouraging results, including six gold soil anomalies, with the largest anomaly having a strike length of 1,200 meters and a width of 250 meters, and soil assays returning up to 1.3g per tonne gold. With the exploration permit, Torr Metals plans to drill and extend the soil anomaly potentially to 2.5 km in length. Additional work may include soil sampling and ground magnetic surveys. Investors can expect updates on site mobilization and exploration program developments. #mining #exploration #goldexploration #naturalresources @mentions: torrmetals
Torr Metals Advances Filion Gold Project with Three-Year Exploration Permit
newsramp.com
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Power Minerals Limited (ASX:PNN) Drilling delivers up to 14,152ppm TREO REE at Eyre Peninsula ◦ Drilling returns 3m averaging 5,025ppm (0.5%) total rare earth oxide (TREO) including 1473ppm magnet rare earth oxide (MREO) from 43m in PKD23-139 at Dicksons Well target ◦ On screening to -53μm (micron) this interval returned 3m at 10,253ppm (1.0%) TREO which included 3,078ppm (0.3%) MREO from 43m ◦ REO interval within PKD23-139 is more than 6m wide averaging 0.61% TREO using a 0.1% TREO cut-off ◦ PKD23-139 also returned 1m averaging 7,114ppm (0.7%) TREO which included 4,412ppm MREO (31% of TREO) from 44m ◦ On further screening this result returned 1m averaging 14,152ppm (1.4%) TREO which included 2,204ppm MREO from 44m ◦ Duplicate samples across separate laboratory batches have confirmed these results ◦ Results are from drilling at 400m spacing – closer spaced drilling is planned to define REO geometry of the deposit ◦ Power will use geophysical modelling to define targets for planned next phase drilling. Managing Director: Mena Habib powerminerals.com.au
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C29 Metals Ltd (ASX:C29) is inching closer to the start of its maiden reverse circulation (RC) drill program at the 100%-owned Mayfield Copper-Gold Project in the world-class Mt Isa Inlier of northwest Queensland. Plans and preparations are nearing completion at the project, which is about 25 kilometres south of Carnaby Resources Ltd copper-gold properties, and experienced Townsville-based drilling contractor Associated Exploration Drilling is now awaiting the signal to mobilise from Cloncurry. Final preparations for drill site access are being conducted this week ahead of the two-to-three-week, eight-hole campaign targeting up to 3,000 metres of drilling. Drilling should kick off by the end of the month, testing the best targets from combined geophysical and geochemical responses. More at #Proactive #ProactiveInvestors #ASX #C29 #copper #gold #mining http://ow.ly/tRBu1052L9H
C29 Metals readies drill for maiden campaign at Mayfield Copper-Gold Project near Mt Isa
proactiveinvestors.com.au
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RK Lithium Project – Drilling Update Strong Li and Sn Intersections at the BT Lithium Prospect Results support the geological model and Exploration Target • Multiple high grade Li and Sn intersections • Drilling confirms >1km long and up to 300m wide pegmatite dyke and vein swarm • Drilling confirms extensions of new Li pegmatite zone to the west of the Main zone • Drilling confirms further southern extensions of the Main zone • Mineralisation remains open in multiple directions • Drilling is ongoing, BT Lithium Prospect Mineral Resource Est. expected in early 2024 • Strategic Partner discussions are progressing very well https://lnkd.in/dTSgBpHS
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Dynamic Metals Limited (ASX:DYM) has completed extensive phase two nickel exploration drilling at the Lake Percy Project in Western Australia's Goldfields Region. The recent drilling program encompassed five reverse circulation (RC) drill holes, covering a total depth of 924 metres. These holes were drilled at the LP1 and LP2 targets, following up on the encouraging results obtained from the initial aircore drilling program. The objective was to delve deeper into the nickel and platinum group element (PGE) anomalies found during that campaign. Of these five holes, four were drilled over a span of 250 to 300 metres, specifically targeting the depth of the nickel and PGE anomaly at the LP2 target. More at http://ow.ly/rieR10550cO #ASX #DYM #DynamicMetals #Proactive #ProactiveInvestors #MiningAustralia #WesternAustralia #PGE #Nickel
Dynamic Metals wraps up second phase of nickel drilling at Lake Percy
proactiveinvestors.com.au
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Both boom and horseshoe longhole rigs are prone to degrees of inaccuracy before drilling commences. Minor survey mark-up and rig positioning errors, as well as operator errors, can stack up, resulting in unplanned dilution, reduced recovery and increased operating costs with re-drilling and slower stope turnover. If the technology was available to address these issues driving greater profitability, increased stope turnover, reduced CO2 emissions and improved drilling efficiency, wouldn’t you want to know how it works? Learn more about Minnovare’s Production Optimiser https://lnkd.in/g9_BgBVm Minnovare's range of drilling optimisation solutions are part of Hexagon’s Underground Mining portfolio. Hexagon’s life-of-mine solutions connect and leverage data from planning and operations to safety and sustainable reclamation, enabling optimal extraction of your mine’s potential value— safely, sustainably, and profitably. Follow Hexagon Mining to learn more.
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