Argonaut’s Post

With firm commitments to raise $4.1 million in a highly sought-after placement, Nexus Minerals Ltd (ASX:NXM) is putting itself in a strong position to advance its Wallbrook #Gold Project in the north-eastern Goldfields of WA. Following the raise, the company will have cash of around $7.2 million to go towards ongoing aircore, reverse circulation and diamond drilling, as well as geophysical surveys, general exploration activities and mine studies at Wallbrook.  Funds raised will also support minimum expenditure requirements at the Pinnacles Gold Project and its NSW and Victorian projects. Just a week ago, the company reported early regional exploration success at Wallbrook, receiving broad, high-grade near-surface assays demonstrating strong growth opportunities. More at #Proactive #ProactiveInvestors #GoldMining #GoldStocks #MiningAustralia http://ow.ly/hzmA105HQ0U

FLYNN GOLD LIMITED (Code: FG1.ASX) is set to accelerate exploration activities at their Tasmanian gold and critical minerals projects. The company will focus on its flagship Golden Ridge project, which has already yielded some exceptionally high-grade gold in drilling at the Trafalgar prospect. Further drilling is planned to test for extensions to the high-grade zones and potential for delineation of a large-scale gold resource. The company has also confirmed a shallow gold system at the Warrentinna Project, with highly prospective gold mineralization coinciding with historical mine workings over a largely untested 6km-long corridor with potential for near-surface gold resources. Exploration activities will also be conducted on the WA Lithium Projects, including on two exploration licenses under option at Parker Dome. This marks an exciting opportunity for the company as it continues to expand and develop its presence in the Australian market. Read the full article to learn more about FLYNN GOLD's recent activities: https://shorturl.at/inCEJ #australia #asxlisted #investment #future #growth #expansion #development #smallcap #markets #explorer #developer #gold #EV #lithium #zinc #lead #silver DISCLAIMER: ‘The information does not constitute personal financial advice. Consult your adviser or broker prior to making any investment decision. For further information about this company, email – shareholder@pelshare.com.au

North Stawell Minerals is pleased to present our quarterly report for June 2024. Highlights include the appointment of Mr. Campbell Olsen as interim CEO bringing a wealth of Victorian mining experience to NSM’s management team. Mr. Olsen commented: “A challenging quarter for NSM, but we’ve continued to progress our corporate and operations positions, with focus on capital raising to support operations. Activities have been tailored to accommodate industry-wide junior exploration funding headwinds. Planning remains focused on drill-testing of two key prospects –Wildwood and Darlington – when access and funding permit. Both targets remain priorities following excellent results from the most recent drilling. At Wildwood, gold-bearing structures intersecting the target Wildwood basalt can be extended down-plunge into untested areas of the shallow Mineral Resource (ASX:NSM 23 June 2023). The target includes an opportunity for mineralisation to spill onto the flanks of the basalts – a critical requirement for increased tonnes that would significantly upgrade the identified mineralisation.” View the announcement in full here: https://rb.gy/flltld #gold #exploration #nsm #northstawellminerals #bettersciencebetterexploration

Jemini Capital is at Beavercreek CO this week to meet with potential #investments and public issuers and #mining companies plus updating our portfolio companies. Always an amazing and productive gathering of #gold #silver #commodities investors in #Denver this week. With metal prices in some cases at historical highs - we believe it's a matter of time until equities catch up (currently at 20 year lows). Cerro de Pasco Resources Inc. is on Meetmax to request meetings - recent $8M investment by Eric Sprott, recent sale of Santander mine $10M, and permit granted at Quiulacocha tailing LODE Gold (LOD:TSXV SBMIF:US) team is presenting following a milestone strategic investment of $3.5M plus spinoff coming Forum Energy Metals Corp is here for 2 days taking meetings. Large drilling underway in #nunavut near Orano major project and new #uranium hotbed Thelon Basin IMPACT Silver Corp. #zinc #silver mine in #mexico at Plomosas plus ongoing production increase at Guadalupe. Closed over $9M in July. Baru Gold Corp. is working on reinstating production permit at Sangihe #gold mine in #indonesia and is undervalued given size of resource. Lead investor and director just bought more shares than what CEO owns. Electrum Discovery Corp. team is here updating its recent exploration success in #Serbia, 123 square kilometres across Timok copper-gold region <five kilometres from the Zijin's Bor copper-gold mining complex. Lots of interesting and undervalued plays to update you on and looking forward to meeting 20+ new companies next few days. Please reach out! Quiet and tough market is the best time to #prospect for #investments

Southern Silver Exploration Corp (@SouthernSilverExp) has reached a significant milestone with an updated Preliminary Economic Assessment (PEA) for its Cerro Las Minitas project. The study is based on an updated Mineral Resource, comprising Indicated and Inferred categories totaling substantial silver, gold, copper, lead, and zinc resources. The PEA showcases robust economics, with a Base Case after-tax NPV5% of $501M and an IRR of 21.2%, along with a 48-month payback period. This latest update represents a new milestone in the project's development, incorporating various technical improvements over the past 18 months, resulting in a significant increase in the asset's value. President Larry Page highlighted the need for infill drilling on portions of the deposit currently classified as Inferred to increase confidence in the Mineral Resource estimate and further de-risk the project. The property's absence of net smelter return royalties adds to its attractiveness for future deals. The company's focus now shifts to securing favorable agreements to maximize shareholder value for this promising project. #MiningIndustry #EconomicAssessment #CerroLasMinitas @SouthernSilverExp

We have updated our research coverage of Matsa Resources Limited (ASX: MAT). Matsa maintains a gold Resource of 936Koz at 2.5g/t and is close to producing from its Devon gold mine, and is finalising the mining and processing contracts and obtaining funding. Devon is small but material, with cash flow likely to exceed the company’s current market capitalization, and a similar development model could be used for the company’s 100%-owned Fortitude deposit. The forecast cash flow will strengthen the balance sheet and fund further exploration for Western Australian gold and drilling walk up targets in Thai lithium. Our valuation range is A$0.10/sh to A$0.16/sh at a gold price of A$3500. Our base-case valuation is A$0.14/sh and assumes Devon developed as a 50% MAT JV, Fortitude 100% MAT to a toll processor with exploration upside valued at a conservative A$10M. Currently, Matsa’s share price is equivalent to the NPV of 50% of Devon only. Matsa can adopt a low-risk strategy (our base-case) where Devon is developed as a 50% joint venture with BML, generating sufficient cash to repay all current debt, develop the Fortitude mine for toll processing and still have spare cash for working capital and exploration. The alternate strategy is for Matsa to develop Devon as 100%-owner, borrowing to do so, and generate sufficient cash to build a 600ktpa processing plant at Fortitude. The later strategy involves more debt, more risk, and delays the arrival of Fortitude cash flow, but provides a long-term lower unit cost processing solution for development of Matsa’s gold exploration properties. As an explorer Matsa has delivered, with very exciting upside at Fortitude North. Against its 2020 gold Exploration Targets the company has delivered within its published range on tonnes and ounces. Fortitude North has yet to deliver a Resource but remains on track to deliver within range, or possibly exceed it, because drilling at the north end is booking wide intersections well outside the Exploration Target geological model. #gold #ausbiz #equities #exploration #mining #commodities #resources

#ASXNews Firetail Resources is pleased to provide a summary of its activities for the three month period ending 30 June 2024. • Strengthening of #Copper Asset Portfolio with binding Option Agreement executed for the acquisition of up to 80% of York Harbour Copper-#Zinc-#Silver Project via a staged earn-in. • The York Harbour Project is a Cyprus-style volcanogenic massive sulphide (#VMS) exploration project, located 180km west-south-west of FireFly Metals Ltd (ASX:FFM) Green Bay Copper Project, in Newfoundland, Canada. • Alongside the Acquisition, FTL raised approximately $1.64m (before costs) by way of a placement to strategic investors together with a non-renounceable entitlement issue to existing eligible shareholder. • Experienced Exploration & Mining Geologist Glenn Poole appointed as Chief Executive Officer. • Firetail satisfied the Peruvian Projects Stage 1 Performance Milestone through successful completion of a minimum 5,000m diamond #drilling campaign at the Picha Copper Project, achieving mineralised intersection targets of over 10m at 2.5% Cu, with the best intercept comprising 2.81% over 13m. Commenting on the June Quarter, #FTL Executive Chairman, Brett Grosvenor, said: “The last quarter was of strategic importance to Firetail, as we were able to increase copper exposure with the the acquisition of the York Harbour Project. The York Harbour project was chosen for advanced exploration and its potential to enhance shareholder value, in line with the Board’s vision of securing high-quality copper assets in Tier 1 locations." View the full report: https://loom.ly/L2-5da8 #FiretailResources #ASX

Kingston Resources Limited (ASX:KSN) has raised $8.1 million in a share placement and is eyeing off an additional $5.4 million in a non-renounceable entitlement offer with the funds expected to lay the foundation for a long-term #CriticalMinerals operation in central New South Wales. The accelerated non-renounceable entitlement offer (ANERO) is being offered on the basis of one new share for every six KSN shares held with the $13.5 million to be used to advance additional development at the Mineral Hill Project in the resource-rich Cobar Basin. Of the total funding generated, $8.8 million (the placement funding plus a further $750,000 from the institutional component of the entitlement offer) will go to transitioning to open pit mining at the Pearse Project, underground resource development drilling, processing plant costs and general working capital. More at #Proactive #ProactiveInvestors #ASX #KSN #Gold #GoldMining #Copper #CopperMining http://ow.ly/tspT105o9bn

Black Cat Syndicate's is a fast-growing gold exploration company, with assets across Western Australia. They have established a substantial and growing tenure portfolio of high-grade gold resources spread across the Eastern Goldfields, Eastern Pilbara and Tanami regions, with a Resource base which now stands at over 2 million ounces and continues to grow. With a large portfolio of tenements across WA and a busy workload (for both the internal tenement management team and the geologists in the field), the team required an intuitive and simple to use system. Read more about BC8's experience with PX4 here https://hubs.ly/Q02qwZXF0 #BlackCatSyndicate #GoldExploration #WesternAustralia #GoldResources #HighGradeGold #GoldTenements #GoldTenure #GoldExplorationCompany #GoldMining #GoldAssets #GoldProspecting #MiningIndustry #GoldDiscoveries #GoldMineralization #GoldTenementManagement #TenementManagementSystem #PX4Experience #GoldExplorationSuccess #GoldResourceGrowth #GoldMiningIndustry #GoldExplorationPortfolio #PX4Software #GoldExplorationTechnology #GoldResourceManagement #GoldTenementPortfolio #BC8Experience #MiningSoftware #GoldExplorationInsights

It’s been a(nother) busy week at Belltree Corporate… 🔔 Mitre Mining Corporation announced a highly successful A$10.5m capital raise this morning to accelerate resource growth at its Cerro Bayo Silver-Gold Project in Chile. The placement received strong domestic and overseas institutional support from new investors and existing shareholders, with significant scaling required to manage demand. 🔔 Midas Minerals issued the first tranche of fully paid ordinary shares as part of its ~A$1.1m capital raise announced last week. Proceeds will be used to fund exploration at its lithium and gold projects in Canada and Western Australia. 🔔 FireFly Metals released the latest exceptionally high-grade copper drilling results from its Green Bay Copper-Gold Project in Newfoundland, Canada. The results include the first drilling from the development drill drive and highlight outstanding potential for more resource growth. 🔔 FireFly Metals also announced that it has strengthened its executive team with the appointment of highly experienced Chief Financial Officer Chen Sun, and we look forward to working closely with her at this exciting company. 🔔 Energy Transition Minerals expanded its exploration footprint in James Bay, Quebec with the acquisition of additional mineral claims adjacent to its Solo Lithium Project which are prospective for lithium. 🔔 Alicanto Minerals Ltd (ASX: AQI), Bellavista Resources, Energy Transition Minerals, FireFly Metals, Midas Minerals, Mitre Mining Corporation and Riedel Resources all released their quarterly activities and cashflow reports. Cygnus Metals got theirs out last week 😉 And of course, there is the usual prepping for Board meetings, management reports, dealing with equity securities etc. etc. Can’t say we know the meaning of the word “bored” around here! #BelltreeCorporate #capitalraisings #compliancereviews #explorationresults #tenementacquisitions #quarterlyreports #dayinthelife #companysecretary #neveradullday