Austmine’s Post

Joining Proactive’s Jonathan Jackson in the studio is Gold Mountain Limited (ASX:GMN) Executive Director David Evans who explains the mineral exploration company’s projects in Brazil and Papua New Guinea (PNG). These projects target a spectrum of metals including rare earth elements (REE), #lithium, #nickel, #copper, and #gold. Evans explains that diversification remains central to Gold Mountain's strategy, highlighting the company's 75% stake in various licenses across the eastern Brazilian lithium belt, notably in Salinas, Minas Gerais. This region is ripe for exploration of #REE, copper, and lithium. In Brazil, recent findings have indicated rocks with potential for REE, spearheading the exploration initiatives. He delves into the company’s activities in the area, including systematic exploration and analysis to assess the economic viability of these resources. Watch at #Proactive #ProactiveInvestors #ASX #GMN #BatteryMetals #CriticalMinerals #RareEarthElements https://lnkd.in/efZVDZ-E

Yandal Resources Ltd (ASX:YRL) Resources managing director Chris Oorschot joins Proactive’s Tylah Tully to discuss a significant gold discovery at the New England Granite Prospect of its Ironstone Well-Barwidgee (IWB) Gold Project in Western Australia. Yandal has named the discovery 'Siona' after a reverse circulation drilling program revealed an intersection of 78 metres at 1.2 g/t #gold starting from 96 metres depth, including higher-grade sections of 5 metres at 3.2 g/t and 5 metres at 2.8 g/t. A second drill hole, 170 metres northwest, also returned 14 metres at 1.8 g/t, including 3 metres at 4.9 g/t. The discovery led to a sharp rise in Yandal's share price on Monday, with shares increasing by 120% to $0.22 intra-day, a two-year high. Oorschot described the results as "exceptional" and highlighted plans for further drilling to determine the geometry and scale of the mineralisation. Watch at #Proactive #ProactiveInvestors #MiningAustralia #GoldMining #GoldStocks http://ow.ly/8TLQ105MPJf

via MiningNews.net Manganese hopeful Black Canyon Limited has delivered a scoping study for the next stage of its plan to develop the Balfour #manganese field in Western Australia, defining what it believes are more significant returns. Based on the KR1 and KR2 deposits, #BCA has outlined a A$84 million development that should generate annual cash flow of $46 million, giving a payback under two years of the 16-year life. The metrics deliver a pre-tax net present value of $340 million and a 70% internal rate of return, with life of mine revenue at $2.8 billion and earnings of $654 million. The project has been scaled to produce 760,000 tonnes per annum of #manganese concentrate, with an average mining rate of 3Mtpa. Read more: https://loom.ly/3vKvkP4 #BlackCanyon #ASX

Great Boulder Resources Ltd (ASX:GBR) managing director Andrew Paterson joins Proactive’s Jonathan Jackson to discuss the promising developments at the Pollele Gold Project. The surface geochemistry review has uncovered several large, high-tenor pathfinder anomalies, suggesting potential #gold mineralisation. This finding at Pollele, located near Meekatharra in Western Australia, shows similarities to the company's Mulga Bill and Side Well projects. Great Boulder, in a joint venture with Castle Minerals, is optimistic about these initial results, with the potential to exercise a 75% acquisition option if the findings align with their strategic objectives. The limited drilling at Pollele to date points to significant untapped potential, with many targets yet to be explored. Watch at #Proactive #ProactiveInvestors #ASX #GBR #GoldMining #GoldStocks #MiningAustralia https://lnkd.in/dXmwyuKs

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Mako Gold Ltd (ASX:MKG) managing director Peter Ledwidge joined Proactive's Stephen Gunnion with results from the ongoing mapping and rock chip sampling program at the Tchaga North prospect at its flagship Napié Project in Côte d’Ivoire that yielded up to 79 grams per tonne of #gold. Ledwidge said the discovery adds to the already significant maiden resource of 868,000 ounces of gold. The company's approach involves expanding its resource base by targeting new areas. Out of 17 targets, Tchaga North has emerged as a high-grade zone, evidenced by the presence of a deep artisanal mining pit. The geology team at Mako Gold is actively engaged in mapping and rock chip sampling to generate new drill targets. This process has revealed new structures, prompting a change in drilling direction to effectively target these high-grade veins. Watch at #Proactive #ProactiveInvestors #ASX #MKG #GoldMining #GoldStocks https://lnkd.in/ennbxtrd

Permian Resources Corp. agreed to acquire certain Delaware basin assets in Texas and New Mexico from Occidental for about $818 million through a combination of equity and debt. Permian Resources will acquire about 27,500 net acres in Barilla Draw Field of the Texas Delaware basin and about 2,000 net acres in the New Mexico Delaware basin, with combined net production for fourth-quarter 2024 estimated at about 15,000 boe/d (55% oil), the companies reported July 29. The assets are 96% operated and 99% held by production. https://lnkd.in/gHtf2qAJ

Troilus Gold Corp. CEO Justin Reid joined Steve Darling from Proactive to shed light on the company's ambitions for 2024, following a highly productive 2023. Troilus Gold has been making significant strides, particularly in the expansion and exploration of the Troilus Project, with a particular focus on Zone X22. These efforts have yielded impressive results, including substantial growth in Mineral Resources. One of the standout achievements in 2023 was a remarkable 126% increase in ounces and a 127% increase in tonnes in the Troilus Project's Mineral Resource, a testament to the company's dedication to efficient resource management. Notably, a significant portion of the Inferred Resources from the 2020 estimate has transitioned into the Indicated category, underscoring the project's maturation and development. Watch at #Proactive #ProactiveInvestors #TSX #OTCQX #TLG #CHXMF http://ow.ly/QxiR1058waZ

BeMetals Discovers Extensive Copper Mineralization of Similar Style to Major Mines and Projects in the Domes Region of the Zambian Copperbelt