Data IR’s Post

$NTU - Heavy rare earth developer, Northern Minerals is pleased to advise new assay results from the mineral resource definition drilling program at Wolverine deposit. The Browns Range Heavy Rare Earth (HRE) Project is located approximately 160km southeast of the town of Halls Creek, in the Kimberley region of Western Australia. The results relate to the mineral resource definition drilling program at the Wolverine deposit during FY Q2-Q3 2024, and one remaining drillhole from the previous ore characterization and geotechnical drilling program completed in FY Q3 2023. Executive Chairman Mr. Nick Curtis AM commented: “The new assay results are very encouraging and emphasise the unique nature of the Browns Range system. These results materially increase confidence in the development of the Wolverine deposit as the first mine within the larger Browns Range system. The exceptional results of the newest Wolverine resource definition drilling program and the increased geological understanding from the drill results and the structural association model supports our regional geological understanding and suggests high-grade opportunities beyond the Wolverine deposit out across the broader Browns Range system. This is encouraging for future exploration success. We are grateful that the Company was able to progress this Program as a result of the grant monies received from the Federal Government. We also are very appreciative of the support we have received from our Native Title Partners - The Jaru People who assisted in ensuring required heritage surveys were completed prior to the campaign commencing. The completion of this drilling program is anticipated in mid-May, and the consequential re-evaluation of our mine plan is due in the fourth quarter of this calendar year, the timing of which aligns well with the Company’s planned FID timing.” Read more: https://lnkd.in/g2HGvRXC $NTU Nick Curtis AM Shane Hartwig Adam Handley

The #oilandgas industry has a new market for natural gas. #naturalgas companies need to consider how #bitcoin mining can help them maximize their bottom line and diversify their operations. 360 Mining, Inc. is helping oil and gas companies do just that!

Significant 107% Increase of Mineral Resource Ounces at Laverton Project. Magnetic Resources NL ASX:MAU, MD George Sakalidis “The Lady Julie North 4 Resource has been the prime drilling focus as reported in periodic releases to the ASX. It has multiple stacked lodes with a number of thick intersections that have not been closed off at depth. The initial deeper drilling started on the 25 January 2023 and has expanded in subsequent months to a 95-hole RC program for 16,356m. Drilling is continuing, with holes in excess of 400m depth, which is expected to increase the current resource at LJN4 of 13.1Mt at 2.02g/t for 852,000oz at a 0.5g/t cut off (Table 2). This LJN4 deposit sits within a regional structure called the Chatterbox Shear Zone that extends over a 12km length within the Magnetic tenements. This shear extends southwards of LJN4 and has had initial AC and RC drilling completed and some anomalous intersections that will be followed up with some shallow RC drilling for the purpose of finding further gold deposits. Drilling in the last 6 months included diamond drill holes for geotechnical evaluation of proposed pits, and for hydrology analysis. Project environmental, heritage and technical background studies are close to completion – optimisation and pit design has commenced on LJC and the expanded LJN4 – the aim is to prepare and submit a Mining Proposal in early 2024. Other strategic opportunities are also being investigated”. Congratulations to the team at Magnetic Resources: George Sakalidis, Eric Lim, Chan Hian Siang, Ben Donovan - AGIA ACIS, Eliza Gee #gold #goldmining #juniormining #goldexploration #goldprices https://lnkd.in/gTQwfTYh

🌟 Unveiling the Secrets of Earth Drilling: Techniques and Equipment Earth drilling is a crucial process in various industries, from construction to mining and geotechnical engineering. Understanding the different drilling techniques and equipment is essential for successful and efficient operations. In this comprehensive guide, we will delve into the importance of earth drilling, the history of drilling, various drilling methods, equipment used, safety measures, and future trends in the industry. Welcome to TransX Global's ultimate guide on earth drilling techniques and equipment! Whether you're venturing into exploration or construction, understanding the strategies of drilling methods and tools is essential for success. At TransX Global, we specialize in providing cutting-edge solutions to streamline your drilling endeavors. Check out this latest blog to understand more about the world of earth drilling: https://lnkd.in/geMHDaGK #EarthDrilling #Rockdrilling #Export #Import #Downthehole #TransXglobal #journey #manufacturer #indiagrowth #drilling

To drill or not to drill? This right here is the burning question on the minds of every wildcatter since Edwin Drake’s 1859 discovery of the precious hydrocarbons lying beneath earth’s surface. Make no mistake about it, methods of exploration, drilling and production in today’s world are lightyears beyond the time of the “Drake Well” and Patillo Higgins’ “Spindletop”. In fact, the accuracy, predictability, and safety with which modern E&Ps are able to execute is all but sorcery compared to the early explorers whose success relied on little more than a hunch and a prayer. While the industry has shifted immensely over the past 160 years, one thing has remained constant, and that is the consideration of a capital investment followed by some level of anticipated return. Whether it’s 1859 or 2023, the brass tax questions to consider are, “what is this going to cost me?”, “how quickly will I recoup the costs?”, “what are returns post-payback?”, and “what is my risk of failure?”  Walking through this capex exercise for drilling a modern-day gas well looks something like this: Drilling & completions costs: $5M Initial return on invested capital: ~5 years ($2/mcf, 1500 mcf/d) And the risk of failure? Well, it’s certainly lower than that of our pioneering forefathers who struck man a dry hole, though still not entirely risk-free given the potential for unexpectedly low production and other unforeseen issues. When considering if the juice is worth the squeeze, time has shown that the answer is often yes. After all, this is the status quo - the way things have always been done. When 360 Mining entered the O&G production space however, we saw the distressed economics of our own natural gas assets as well as the broader gas market, and saw opportunity. Rather than capitulate to the unfavorable status quo, we developed our In-Field Mine solution which enables us to realize 8-10x value for our gas. For us, the decision of “to drill or not to drill” was an easy one - “No!”, not when an In-Field Mine can recoup the same $5M and get on to generating profits in a fraction of the time. “Drill Baby Drill” is a familiar mantra that has undoubtedly carried our industry and transformed our world. However, there’s no denying that today’s wildcatters posit a compelling alternative  - “Mine Baby Mine”. #oilandgas #oilandgasservices #naturalgas #bitcoin #bitcoinmining

Variscan Mines (ASX:VAR) is pleased to report further high-grade zinc intercepts from the ongoing underground diamond drilling program at the San Jose Mine, near Novales, located in Cantabria, northern Spain. Highlights include: • More strong assay results received from current underground infill and extensional drilling campaign at the San Jose Mine • Significant drilling results include:   o NDDT033 14.10 m @ 5.31% Zn, 0.44% Pb   o NDDT032 11.00 m @ 6.66% Zn, 0.72% Pb   o NDDT034 4.65 m @ 5.49% Zn, 0.14% Pb   o NDDT035 4.00 m @ 5.92% Zn, 0.26% Pb • Results indicate significant mineralisation intersected outside the existing Mineral Resource Estimate model delivering growth potential • Drilling successfully tested new structural targets defined from recently completed structural geology study • Upscaled underground drilling will continue targeting previously untested south west extensions of San Jose Mine and into the Udias Mine complex • All new drilling results are to be incorporated into the Mineral Resource Estimate update planned later in CY2024 To learn more please read the full ASX announcement: https://lnkd.in/gMUSYMmH

Geologists, are you struggling to maximise the return on your drilling budget? Well, unsurprisingly, you're not alone. Drilling is one of the most significant expenses in exploration projects, and knowing you're getting the best value is key. Discover how to balance cost, quality, and productivity to ensure you're making informed decisions that align with your project's goals to get the most bang for your buck.💥💰 Read the article here 👉 https://lnkd.in/dENBeXTR How do you ensure your drilling budget is being used wisely? Share your experiences and insights below! #CorePlan #FreeTheGeos

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

Caspin Resources Limited (ASX: CPN) (“Caspin” or the “Company”) is pleased to report on corporate and exploration activities during the March 2024 Quarter. HIGHLIGHTS Yarawindah Brook Project Ÿ Two new conductors identified in Moving Loop Electromagnetic survey Ÿ Both conductors located on an important sedimentary-mafic/ultramafic contact, a common stratigraphic position for magmatic sulphide deposits Ÿ Coincident with near-surface Ni-Cu-PGE mineralisation from historical drilling  Ÿ Geological setting and historical drilling results provides confidence in a likely mineralised magmatic sulphide source  Ÿ Continuing to recognise new opportunities for high-grade nickel, copper and PGEs, as well as lithium, across the Yarawindah Brook Project Mount Squires Project Ÿ Agreement executed with Australian Strategic Materials Ltd to evaluate economic potential of Rare Earth Element (REE) potential Ÿ Caspin to retain a 25% free carried interest to decision to mine in the Mount Squires REE project and to receive milestone payments of up to A$1.5m Ÿ REE metallurgical test work and drilling to be undertaken by ASM at Mount Squires over the next 3-9 months, to progressively earn up to 75% interest in the REE rights  Ÿ Allows Caspin to maintain exposure to the Mount Squires REE potential with no funding obligations and leverage ASM’s considerable REE expertise  Ÿ Caspin retains 100% ownership of tenements and rights to all other metals and will maintain its focus on nickel, copper and gold. 2024 field planning underway Download the Quarterly Report Here https://lnkd.in/gzBtxdHZ Contact: Greg Miles

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