Kali Metals’ Post

#ASXNews $180k Circle Valley Gold Drilling EIS Grant Meeka Metals Limited is pleased to announce it has been successful in securing a $180,000 grant for drilling at Circle Valley through the EIS co-funded #exploration #drilling program. It is a competitive program, open for applications twice a year, which offers grants for innovative exploration drilling projects. Circle Valley has been identified as such a project and funds will be available for use from 1 June 2024. The Company plans to mobilise to Circle Valley in the second half of 2024 and recommence drilling. • $180,000 grant awarded to drill kilometre scale #gold targets at Circle Valley (MEK 100%) in the Albany‐Fraser Mobile Belt in southern WA. • Drilling will target basement rocks and the potential source of previously reported high-grade gold results at Anomaly A, including 16m @ 1.50g/t Au from 36m including 4m @ 3.89g/t Au (23CVRC002) and at the highly prospective Fenceline target, ~10km to the northeast of Anomaly A: 4m @ 2.97g/t Au from 92m (23CVRC020). • The co-funded exploration drilling program is a flagship program of the Geological Survey of Western Australia’s Exploration Incentive Scheme. It is a competitive program, which offers grants for innovative exploration drilling projects. Commenting on the EIS funding, #MEK’s Managing Director Tim Davidson said: “Getting support for the early-stage gold exploration we are completing at Circle Valley is an excellent outcome. The EIS application process is competitive and the award confirms the strong technical merits of the project, the work the team have completed to date and the future work that will be supported by this EIS grant.” See the full announcement: https://loom.ly/6_Rq250 #MeekaMetals #MiningNews #ASX

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

Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) has completed drilling the Bosydaba#1 Well to a vertical depth of 3,416.81 metres (11,210 feet) at the Green River #Lithium Project in the Paradox Basin of south-eastern Utah, USA. Drilling the Leadville Formation to a depth of 11,210 feet at Bosydaba#1, which is on recently purchased private property, completed the company’s Green River exploration program and is the first phase of the Green River JORC mineral resource definition plan. The drilling intersected the limestone units at a depth of 3,191.26 metres (10,470 feet) and was stopped before penetrating through the Leadville Formation. This indicates that the Leadville Formation, Mississippian Unit is likely to continue deeper than the recorded depth of 3,416.81 metres. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ASN #ANSNF #LithiumBrine #LithiumExtraction #BatteryMetals #CriticalMinerals http://ow.ly/20rJ105qev5

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.

Aircore drilling at our Aileron project in the West Arunta is rapidly progressing and the first assay results from the program are our strongest from the region to date.   More than 10,000m of drilling was completed in the first month on site and the near surface mineralisation footprint of the Crean, Hurley and Emily carbonatites have all been expanded. At Crean, we've intersected continuous high-grade, near-surface niobium-REE mineralisation across four initial drill lines including: ✅ 52m @ 3.0% Nb2O5 from 81m, including 16m @ 6.0% Nb2O5 (EAL256) ✅ 32m @ 2.5% Nb2O5 from 67m, including 12m @ 3.3% Nb2O5 (EAL155) ✅ 15m @ 1.5% Nb2O5 from 120m, including 2m @ 3.3% Nb2O5 (EAL257)   This shallow mineralised trend at Crean now spans over 800m, appears to be strengthening to the west, and remains open.   📊 The next batch of samples from Crean, Emily, and Hurley are at the lab, with results expected in July 2024.   Our Managing Director, Will Robinson provided some insight into the upcoming work program: “The aircore rig has now moved to the untested Green and Joyce targets located east of WA1 Resources’ Luni carbonatite discovery. Drilling will start with broad spaced aircore traverses and then move to closer spaced drilling based on initial observations.   Aircore drilling is proving to be a fast, low impact and cost-effective method to discover near surface niobium-REE mineralisation in this part of the West Arunta.”   Read the full announcement here: https://bit.ly/3KWLx4M   #EncounterResources #ENR #Mining #WestArunta 

Legacy Minerals (ASX: LGM) Kicks Off Drilling for Precious Metals at Fontenoy Project (ASX: LGM) Christopher Byrne, CEO & Managing Director, shared his enthusiasm: “We are very pleased to have a rig now spinning at the Fontenoy Project with our Alliance Partner Earth AI. The discovery of magmatic PGE-Ni-Cu mineralisation using artificial intelligence earlier this year was a breakthrough for the Fontenoy Project, with follow-up work in the form of a detailed gravity survey and soil and rock chip sampling delivering strong targets for drill testing.” “The drilling will target newly identified zones of anomalous PGEs-in-soils, which have never been drilled. These targets are also supported by coincident density highs that are thought to reflect potential PGE-bearing lithology.” “Legacy Minerals looks forward to seeing the outcomes of this drilling, which has the potential to deliver significant value for shareholders. In parallel with this work, the Legacy Minerals’ field team continues to complete generative targeting work across our portfolio and is also preparing the Drake field office and site sheds for field work programs anticipated to commence later this year.” Read our article below: https://lnkd.in/gJSRTFrK #mining #exploration #geology #stocks #markets #lgm #asx

We are pleased to share Locksley Resources Limited's (ASX:LKY) announcement stating the Company has received approvals to proceed with drilling at El Campo to follow up the high-grade #rareearth mineralisation discovered on the El Campo Block (12.1% TREO1) and completion of the follow-up stream sediment sampling program within the North Claim Block – Mojave Project, CA. Announcement Highlights: • Drilling approvals received to follow-up the high-grade El Campo ‘lode’. The El Campo ‘lode’ returned 12.1% (121,388ppm) TREO from rock-chip samples • Locksley has staked an additional 5.7km2 of mineral claims to the northeast of, and contiguous with, the North Claim Block • Assays received from follow-up sampling of the North Claim Block, with further interpretation required to determine source of samples containing anomalous total rare earth oxide values • The Mojave Project is immediately adjacent to the Mountain Pass REE Mine, the only operating #REE mine in the US ---- Locksley Resources Managing Director, Steve Woodham commented: “With the receipt of the drill program approvals from the BLM for the El Campo Prospect, the Company is pleased to be able to follow-up on the sampling program which previously identified a prospective zone that continues for over 800 metres, including a rock chip assay of over 12% TREO. The Company intends to mobilise a field team and drill rig to the El Campo Prospect as soon as practicable to execute the drilling program. Furthermore, the previous stream sediment and rock chip sampling in the North Block Claim are indicative of the #REE potential of the Mojave Project as a whole, such that the Company has now increased its land holdings in this area by 5.7 km2. Additional surface sampling and mapping activities are being planned to explore this newly acquired area, as well as the yet to be explored South Block Claim. The Company remains well-funded to commence further work and the Board look forward to informing the market closer to the commencement of drilling.” To learn more about Locksley Resources (ASX:LKY) please contact James Whelan. #miningnews #mining #RareEarthElements #decarbonisation #ASX #ASXnews #stockstowatch #LKY

Latin Resources Limited (ASX:LRS, OTC:LRSRF) announces completion of Colina Resource Drilling Program, with JORC Mineral Resource Estimate update in progress. Planalto exploration drilling reveals similarities to Colina ⛏️🇧🇷 "With all the assay results from the extensive infill drilling program now received, the updating of the MRE for our world class Colina Deposit is underway. Results for the infill campaign have confirmed that Colina is a very consistent deposit, with new results showing very similar pegmatite thicknesses and grades to the existing models. "In addition, the geometry of the extensive Colina pegmatite swarm has proven to be equally as consistent, with new results matching very closely with the previously modelled resource. Our independent resource consultants, SGS have been provided with the updated drilling database, and pegmatite wireframes, and the mineral estimation process is now underway. We are expecting the MRE update to be completed soon and released to the market this month. "The focus of drilling activities on site has now returned to exploration, with 4 rigs moving to the high-priority Planalto Prospect area. Early indication from the 5 new holes completed so far, are that the previously intersected high-grade pegmatites continue up dip to the west. The mineralisation intersected at Planalto is very similar to the Colina deposit, comprising very coarse grained spodumene crystals within a clean quartz and feldspar pegmatite system. "We are extremely encouraged by what we are seeing at Planalto including the close similarities to the Colina mineralisation and are eagerly awaiting more assay results from this emerging target. Planalto is a very high priority target for us given the close proximity to the Colina Deposit and proposed processing infrastructure. Any additional minable pegmatites this close to Colina could have a significant benefit in both scale and operational optionality to the proposed mine," - Latin Resources’ Vice President of Operations - Americas Tony Greenaway #ASX #ASXNews #Investing #Drilling #Lithium #Li Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au https://lnkd.in/gsCfsabp

Premier1 Lithium Ltd (ASX:PLC) has confirmed the orientation and depth of a swarm of pegmatites at the Abbots North Project in Western Australia, having completed the first phase of #lithium exploration drilling on the tenure. The company drilled 11 reverse circulation (RC) holes over 1,623 metres targeting the main outcropping pegmatites at the Buttamiah prospect, which has previously been mapped over a strike of 350 metres and up to 2-3 metres in width at surface. Of 11 drill holes, nine intercepted pegmatites of up to 4 metres in thickness with some lepidolite (most abundant form of #HardRockLithium) apparent – PLC has submitted all samples for multi-element analysis, with results expected in about six weeks. More at #Proactive #ProactiveInvestors #ASX #PLC #LithiumMining #BatteryMetals #CriticalMinerals http://ow.ly/FBnZ105lo8I

#ASXNews Up to 4,500m aircore drilling program set to commence testing priority greenstone-splay, fault-hosted #gold targets interpreted under cover at Metals Australia Ltd Big Bell North, along strike from the 5Moz Big Bell Mine and Garden Gully Projects in Western Australia’s world-class Murchison Gold Province. The Big Bell North tenements cover an extensive 337km2 area where little previous exploration has been carried out due to extensive regional soil cover and the historic lack of recognition of greenstone lithologies. Interpretation of recently completed aeromagnetic and gravity surveys has defined greenstone-splay fault priority drilling targets on both the eastern and western zones of the Big Bell North tenements.   CEO, Paul Ferguson, commented:   “The drilling program we are set to commence at our highly prospective Big Bell North gold project in Western Australia’s prolific Murchison Gold Province is the latest step in the Company’s aggressive push to unlock value from our suite of gold and critical mineral projects, which are all located in well-established mining regions in Australia and Canada.” Our Big Bell North project, where there has been no modern-day exploration, has advanced rapidly during 2024 on the back of a methodical, phased exploration approach from our geological team. This started with an extensive fixed wing aeromagnetic survey covering over 5,200-line km which yielded two interpreted shear zones of significance. We followed this up with detailed gravity survey work, which revealed the likelihood of greenstones within the shear zones. This is significant because gold mineralisation within the Murchison domain is often concentrated within such greenstone belts and is structurally controlled, thus enhancing the potential of the targets we are now set to drill.”   Read full #ASX announcement here: https://bit.ly/4hbK5uv