Investing News Network - Australia’s Post

West Cobar Metals is pleased to announce a substantial increase to Mineral Resource estimates for rare earth elements (REEs), titanium dioxide, scandium and alumina at the Company's 100%-owned Salazar Critical Minerals Project, 120km NE of Esperance, Western Australia. The Salazar Project contains substantial Mineral Resources of high value critical minerals, including a globally significant scandium resource of 15Mt at 100ppm Sc. The Salazar Project, including the additional O'Conner REE deposit, now has a total inferred and indicated resource of 230 Mt at 1178ppm TREO. Recent drilling results support the understanding the REE, scandium, alumina and titanium dioxide deposit extends south beyond the current resource envelope, with potential for major increases in tonnages of all the reported commodities. FULL ANNOUNCEMENT BELOW⬇ #criticalminerals #rareearths #ree #treo #sc #TiO2 #SalazarProject #exploration #ASXnews Matt Szwedzicki Jerry Monzu David Pascoe

Historical review outlines gold and copper potential at iTech Minerals’ Reynolds Range project https://buff.ly/4bGuejZ #ASX #ASX200 $ITM iTech Minerals

E3 Lithium (TSXV:ETL) is complementing its robust Alberta-based resources with an initial estimate of ~2.5 million tonnes of lithium carbonate equivalent inferred in Saskatchewan’s Estevan lithium district. Recent lithium exploration near the property yielded high concentrations up to 259 mg/L. #lithium #lithiumbatteries #lithiumstocks #stocks #stockstowatch #stocksinfocus

Critical Metals ups stake in world’s largest rare earths project to 42%  - Europe-focused Critical Metals Corp (Nasdaq: CRML) said on Tuesday it has completed Stage 1 of its recently announced plan to acquire a controlling interest in the Tanbreez rare earth project in Greenland from Rimbal Pty.  - Tanbreez has been ranked the largest rare earth deposit in the world, hosting 28.2 million tonnes of total rare earth oxides (TREO) in 4.7 billion tonnes of material, according to internal company estimates. The asset is expected to contain more than 27% heavy rare earth elements (HREE) and Critical Metals says efforts to convert the internal resource to US SEC standards are being made.  https://lnkd.in/dqxUbHux

In the race to supply critical metals to the USA, @GuardianMetalResources is leading the way with a cluster of projects. “…with growing political pressures impacting the critical minerals supply chain, #GMET appears to be in a particularly strong position to capitalise on this crucial sector highway…” https://lnkd.in/eGri3emY

#BC has large tapped and untapped reserves of minerals deemed critical to Canada's economic future. With increasing global demand for metals, including #copper, the province’s critical mineral strategy has never been more important. Read more: https://bit.ly/3KpkVJy

#ASXNews Spodumene Confirmed at Ross Lake and MAC Lithium Project Update Trinex Minerals Limited is pleased to report that following further analysis of selected rock chip samples taken from Dyke 75 at the Ross Lake Project, spodumene has been confirmed as the dominant #lithium bearing mineral in the pegmatites. • Further work on mineralised samples from Ross Lake confirms that the dominant lithium bearing mineral in the pegmatites is #spodumene. • Spodumene confirmed in all five rock chip samples selected for analysis, with up to 37.3% spodumene in sample D00179806. • As expected, spodumene content correlates extremely well with Li₂O grades. • Further additional tenure staked at the MAC Project to lock up the remainder of available prospective ground. Official government certification expected within two weeks. #TX3’s Managing Director Will D. said: "It is extremely pleasing to be able to confirm that the lithium mineral we are seeing at Ross Lake is spodumene. Even though we expected this result, it is reassuring to receive the hard data as confirmation. This indicates that should the scale of the mineralisation be significant, the main lithium bearing mineral at Ross Lake will be highly sought after by refiners and end users. “We are also very pleased that in a time of significant activity in staking new land for Lithium in the NWT, we have been able to secure this small but strategically important ground immediately to the south of our MAC Project. The area has been on our watchlist for some time due to its prospectivity, and having access to it from now enables us to adjust our Summer 2024 planned work program and follow the pegmatite fractionation vectors to thoroughly test this new area.” Full announcement: https://loom.ly/t3-0puU #TrinexMinerals #ASX

The #copper bellwether is tolling. Prices rose as much as 31.7% from the beginning of this year, hitting an all-time high of $11,000 per tonne in May. The rise of #ArtificialIntelligence (AI) and resulting massive upswing in global #DataInfrastructure investment has accelerated #CopperDemand, which had already picked up the pace with the advent of the #EnergyTransition and the kilometres of electrification infrastructure required to meet net-zero goals. Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) holds one of the largest and most prospective holdings in the coastal belt region of Peru, a copper producing powerhouse second only to Chile. With the closure of Canadian miner First Quantum’s Cobre Panama mine eliminating a full 1.5% of global #CopperProduction, SLM is positioning its projects to meet the 427 million tonnes of copper projected to be needed by 2050. More at #Proactive #ProactiveInvestors #CopperMining #BatteryMetals #NetZero #ASX #SLM http://ow.ly/ybQH105Etmb

The #energytransition might have launched the public discussion about #criticalminerals, but it will be #nationalsecurity concerns that inject some urgency to act. Canada has the reserves of #nickel #copper #cobalt #lithium and #graphite to be a global #mining powerhouse - but we don’t today produce enough to fill our refineries, let alone to refine more minerals for the incoming #EV factories nor to supply our friends and allies around the world to protect their environments, their economies and their borders. That may change - quickly. And government policy to inject capital to extract, process and recycle critical minerals may become urgent. Read this article from Gregory Wischer and Morgan Bazilian on why and how the West needs to get its act together - quickly. #canpoli #cdnpoli #uspoli #geopolitics

Norwest Minerals is set to acquire four West Arunta tenements that are prospective for niobium and rare earth elements. #niobium #rareearthelements #criticalminerals #mineralexploration