Maija Pennanen’s Post

NT News Flash! Mineral exploration spending in the Northern Territory (NT) during 2022-23 has surged to an impressive $200.1 million, marking a notable 17% increase from the previous year. This figure stands as the highest annual expenditure since 2011 and represents the second-highest recorded amount in history. In the September 2023 quarter alone, $74.4 million was invested in exploration activities. Recent developments have seen major mining players, including BHP, RIO, Newmont, IGO, Sandfire, and more, staking significant claims across vast expanses of land within the Northern Territory. This prompts the question: Is the Northern Territory emerging as the forefront of mineral exploration in Australia? With proactive initiatives from the Northern Territory Geological Survey, coupled with substantial infrastructure investments from both the NT and federal governments, the Northern Territory has been outpacing other states. This not only promises to attract more investments but also stands to create jobs and generate wealth in one of Australia's last frontiers. Moreover, these efforts may secure new, substantial mineral deposits for the benefit of all Australians. Follow us, and for more information please visit https://lnkd.in/gSSmaZKe 🚀 Northern Territory Government Industry Northern Territory #NTMinerals #ExploringNT #NorthernFrontier #TerritoryTreasures #MiningDownUnder #MineralDiscoveries #NTGeology #AussieMinerals #NorthernResources #ExploreAustralia #NTMineralWealth #GeologicalGoldmine #OutbackOres #MineralInvestNT #TopEndMining

Great Atlantic Resources Corp (TSX-V:GR) has wrapped up its 2023 exploration program at its Keymet Precious Metal - Base Metal Property in northeast New Brunswick. The program, encompassing prospecting and rock-soil geochemical sampling, primarily focused on the northwest and west-central regions of the property. In the west-central region, the company said it focused on a new target area identified during previous exploration. This zone showed promise with anomalous #gold values in soil and rock samples from the 2021-2022 programs. The recent 2023 work further delved into this area, collecting 41 soil samples and 12 rock samples to extend the understanding of gold soil anomalies and test for potential gold mineralization. Analyses are pending for 2023 rock and soil samples, the company said. More at #Proactive #ProactiveInvestors #TSXV #GR http://ow.ly/lNQ21055LHI

#ASXNews Aeromagnetic Survey Completed Covering Entire Chilwa Project Chilwa Minerals is pleased to announce that it has completed an extensive Aeromagnetic and Radiometric Survey over the entire 708km2 Chilwa Critical Minerals Project. • The Lake Chilwa area contains a number of carbonatites, which are known source rocks for rare earth mineralisation. The aeromag survey results will be used to better define the carbonatites within the Project area for follow up assessment. • The Company anticipates the modelled and interpreted survey data to be available in mid-July. • Diamond drilling will commence following a review of the aeromag data for improved targeting. #CHW’s Managing Director, Cadell Buss, commented: “Whilst we are firmly focused on the current drilling program, the initial field results are an interesting surprise and it makes sense for the Company to broaden its exploration program, particularly in the clays that underly the mineral sands horizon. With this new information, the Company decided to complete a project wide aeromag and radiometric survey, rather than over just the extension area as originally communicated in the prospectus, to detect high-priority targets that we will look to follow up with further exploration activities.” See the full announcement: https://loom.ly/Dfq0jWo #ChilwaMinerals #CriticalMinerals #RareEarths #MiningNews #ASX

OK, mineral reporting standards... if you're thinking "been there, know the matrix, all handled thanks" please consider: 📶 Critical minerals often come in smaller, more complex deposits than those we've focused on for decades, and will be exploited by a wider variety of companies in size and funding approaches - building confidence in how these deposits are assessed, valued and structured will continue to require strong consensus on the rules of the game ✳ Reporting standards evolved to (re)create trust between promoters and their investors - we now have many, many other stakeholders participating in the conversation: these rules are an important tool to build a shared vocabulary, foster understanding and facilitate agreement on prioritisation (yes, I'm thinking of policy papers that refer to "reserves" as if numbers magically appeared on a spreadsheet 😥) 📈 At a time when policy shapers want to believe that their interest creates a market and directs investment, noise is increasing but feasibility is more complex than ever - the rush on Strategic Projects as the CRM Act is implemented, rising expectations in resource-rich countries and the push for public funding of upstream growth create a perfect nexus for expensive mistakes: now more than ever we need to ensure that market expectations and investment requirements are clear and drive decision-making, including policy choices Then have a quick refresh ... and send it to 3 contacts who need a decoder! Thanks to Ed Sides and Ruth Allington for reminding us that the basics still hold - and are more relevant than ever ! #responsibleinvestment #responsiblemining

Great Atlantic Resources Corp (TSX-V:GR) announced that it has located #antimony #mineralization in bedrock at its McDougall Road antimony-gold property in western New Brunswick, Canada. The company said #stibnite mineralization (antimony sulfide) was located within an outcrop during its 2023 exploration program in the area of a reported fault. It was found in a region of the project where the company had previously confirmed antimony and soil geochemical anomalies. The outcrop is highly siliceous and possibly silicified with highly oxidized and crumbly parts, indicating a possible fault, and also contains #pyrite mineralization, #GreatAtlanticResources said. Rock samples collected during the program from outcrop, subcrop and glacially transported float are being prepared for multi-element analysis, including gold and antimony, it added.   More at #Proactive #ProactiveInvestors #TSXV #GR #GreatAtlanticResourcesCorp #Mining http://ow.ly/pINf1054JqC

Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) has fielded results it describes as "exceptional" from recent drilling at the Ajana Base and Precious Metals Project in Western Australia's Mid-West. The exploration efforts focused on uncovering high-grade #zinc, #lead and #silver mineralisation, and they yielded positive results. The Ajana Project's significance lies in revitalising base metal discoveries in a historically overlooked region, presenting substantial potential for regional-scale mineralisation. Mineralised values reached up to 29.5% zinc, 28.8% lead and 43 g/t silver, with drilling concentrated on shallow, high-grade zinc, lead and silver zones. The drilling aimed to define maiden mineral resources at the Ajana Project and yielded strong results, particularly at the Ethel Maude and Surprise prospects. More at #Proactive #ProactiveInvestors #ASX #OTCQB #ASN #ANSNF #MiningAustralia #BatteryMetals http://ow.ly/TEBb105nmY8

I am pleased to announce the publication by Earth Science, Systems and Society of an online article written by myself and Ruth Allington (PERC Trustee and GSL President).  Title: Mineral Reporting Standards: PERC’s Role in CRIRSCO and Its Relevance to the European Mining Sector Authors: Edmund Sides and Ruth Allington Contents: This article provides an overview of the CRIRSCO family of reporting codes and standards.  An introduction to the different types of reporting standards used in the minerals sector is provided along with a history of the development of CRIRSCO. The contents and purpose of the CRIRSCO International Reporting Template are illustrated using examples based on the PERC Reporting Standard 2021. Current concerns and developments related to minerals reporting are also discussed, including competency, the reporting of environmental, social and governance (ESG) aspects and the relationship between the CRIRSCO Template aligned codes and standards and the United Nations Framework Classification (UNFC). The article is based on an online presentation which was presented on 19th October 2020 to a virtual conference entitled: “Mineral resource estimation: recent advances and current best practice” which was organised by the Geological Society of London, but the scope of the article has been expanded and broadened considerably.  The article can be accessed using the following link: https://lnkd.in/dv3exQEF

Riversgold Limited Strikes Gold and Copper Treasures at Tambourah Project (ASX: RGL) David Lenigas, Riversgold’s Chairman, commented on the results: “These exceptional results are a tremendously exciting development for RGL’s Tambourah Project. Achieving copper and gold results of this calibre is highly encouraging, and discovering surface evidence of mineralisation over a potential 12km strike is indeed very exciting. We have been concentrating on the copper and gold potential at Tambourah for some time now as part of our broader exploration strategy.” “These new and highly significant surface results, which were sampled by Technical Director, Ed Mead, during his last site visit, have the potential to amplify and further drive exploration in the area. Importantly, on ground geology has identified several gabbro intrusions that may be the source of this newly identified mineralisation. We plan to have people back on the ground in the coming weeks to continue with exploration.” Read our article below: https://lnkd.in/g6aGjuN5 #gold #copper #mining #geology #resources #rgl #asx

Aruma Resources Ltd (ASX:AAJ) has found multiple zones of high-grade ionic clay #RareEarthElements (REEs) at its Salmon Gums Project in the Eastern Goldfields of Western Australia, including the highest grade REE result in the area to date. The Salmon Gums Project consists of three exploration licences covering a total area of 360 square kilometres, some 200 kilometres south of Kalgoorlie. This area is fertile terrain not only for REE prospectivity but also offers potential for gold and lithium. The company’s surface sampling activities delivered the record REE result of 8,700 parts per million (ppm) total rare earth oxides (TREO) with high-value #neodymium and #praseodymium (NdPr) oxides constituting 22.5% of the TREO grade. More at #Proactive #ProactiveInvestors #ASX #AAJ #REE #Mining #CriticalMinerals #MagnetRareEarths http://ow.ly/qEYi105kKj7

Forrestania Resources Ltd (ASX:FRS) has enhanced the #goldpotential of its #EasternGoldfields’ Bonnie Vale project area (E15/1632) with rock chip samples grading up to 2.7 g/t and historic drilling results up to 14 g/t. The company has also reported significant historic geochem soil results of up to 354 parts per billion #gold at the prospect, which features strong zones of highly anomalous gold mineralisation.  These results from Bonnie Vale follow the recent strong results from Ada Ann, which is around 5 kilometres away, including grab samples of up to 49 g/t gold.  Bonnie Vale is close to the historic high-grade mining centre at Christmas Gift, which is within but not part of the company’s licence area, and is coincident with the same geophysical magnetic low.   More at #Proactive #ProactiveInvestors http://ow.ly/pgYi105skJE