All Namibia News’ Post

Newly-listed Kali Metals Ltd (ASX:KM1) has identified lithium-bearing pegmatites across multiple locations within its Higginsville District tenement holding in Western Australia, with initial rock chip samples returning assays up to 3.69% Li20 at Spargoville, one of eight projects within the portfolio. The company's preliminary exploration program at Higginsville, completed before its initial public offering (IPO), included a first-pass soil sampling program at Spargoville and at the northern section of Widgiemooltha, another project within the 1,571 square kilometre land holding. News of the initial discovery has sent the company’s shares as much as 67.62% higher in morning trade to $0.88, extending its strong run since listing on January 8. More at #Proactive #ProactiveInvestors #ASX #KM1 #Lithium #LithiumMining #BatteryMetals #CriticalMinerals http://ow.ly/1rZg1058lIy

Coverage stock Dynamic Metals Limited (ASX: DYM) has provided an important update with respect to corporate interest related to its Widgiemooltha Project in Western Australia’s Goldfields region, specifically linked to an examination of its lithium potential via a $20 million joint venture and farm-in agreement with Chris Ellison’s Mineral Resources Limited (ASX: MIN). DYM’s share price closed up 28% (+$0.045) to $0.205 in Tuesday’s trade. Widgiemooltha represents a regionally significant tenement package that encompasses an extensive area of ~880 sq km that extends between Norseman and Kambalda. Importantly though, the project is yet to be fully assessed for its lithium potential. Regionally, the Mt Marion, Bald Hill and Buldania projects all lie within 25km of DYM’s tenure, whilst directly adjacent is Develop Global’s (ASX: DVP) Dome North lithium project, and the Sinclair LCT mine. The deal with MIN will turbocharge exploration activity at Widgiemooltha from a lithium perspective. MIN is a leader in the lithium sector in Australia, with the technical expertise and financial capabilities to do the project justice. Importantly too, the nearby location of the Bald Hill mine, operated by MIN, potentially offers a pathway to production for any discoveries. #lithium #spodumene #commodities #resources #exploration #equities #ausbiz

📢 REIA - The Global Rare Earth Industry Association is pleased to release, in collaboration with Benchmark Mineral Intelligence, REIA’s first quarterly rare-earth market report. The report is developed by Benchmark and will review key market news and highlights from the global rare-earth landscape each quarter. A few highlights of the Q2 2024 report include: - Supportive supply-side policy in China and a ramp-up of operations at Lynas’ Mt. Weld will keep the market well-supplied, with a projected supply surplus out for the next few quarters. - Europe has the highest number of processing plants in the pipeline, outside of China, promising to purchase from diverse feedstock sources. - China and Myanmar are the two largest heavy-rare-earth mining regions in 2024, accounting for 93% of the total mined Dy supply. - The largest driver of rare-earth permanent-magnet demand in end use applications is expected to be e-mobility (33.9%), followed closely by consumer electronics (22.6%) and industrial machinery (20.1%). Read the report here ➡ https://lnkd.in/edhZa2nV 🔒 All REIA members get access to an exclusive version with additional insights. #REIA #REE #rareearth #marketoverview #EV #REPM #magnets #windenergy #greenenergy Neda Bahremandi Tolou Badrinath Veluri Gareth Hatch Andrea Cornwell Daan de Jonge

ASX Announcement: Muvero - High-grade Lithium, Caesium, Tantalum. Tyranna Technical Director, Peter Spitalny, commented: “A strongly mineralised zone having potential to continue down below the current limit of drilling has been intersected by MRC21, MRC22, MRC24 and MRC25. The lithium grades within this zone are high and result from abundant high-purity spodumene and highlight the lithium potential of the Muvero Prospect. The presence of pollucite was anticipated and is encouraging, with potential to discover a zone of pollucite which would augment the value of the lithium mineralisation. Included within the mineralised zone intersected by MRC21, MRC22, MRD24 and MRC25 there is highgrade tantalum mineralisation, which was also noted in results from the core drilling in 2022. Interestingly, the tantalum is not always associated with lithium mineralisation and may be quite widespread throughout the entire project area. Tantalum, like lithium, is classified as a Critical Mineral. It is expensive, valuable and may prove to be an economically significant component of Muvero, and possibly other pegmatites within the Namibe Lithium Project. We anticipate additional high-grade lithium intersections, and probably also high-grade caesium and tantalum intersections, from pending assay results. Drilling will continue at Muvero and then shift to other prospects. We are confident that Investigations to discover additional lithium pegmatites will lead to definition of additional drilling targets within the Namibe Lithium Project.” #ASX #Lithium #caesium #tantalum #pegmatites #exploration #angola #TYX

Thor Explorations expecting lower all in costs for year @ThorExpl_THX #TSXV #AIM #OTC #THX #THXPF. Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) has said all-in sustaining costs this year will be lower than initially thought despite challenges over the third quarter, including heavy rain at Segilola. Production costs of an ounce of gold are expected to average between US$800 and US$900 over the full year, the company said on Wednesday. This was against guidance for US$900 to US$1,000 previously, with the drop reflecting cost-saving efforts alongside a reduction in forecasted production. Production guidance was trimmed to 85,000 ounces of gold, from... http://ow.ly/gfno105M26M

GBA Capital has initiated research coverage of Sunstone Metals Limited, with a Valuation of A$0.023/sh (2.3cps). Sunstone Metals Limited is focused on developing gold and copper resources in Ecuador. Its key assets are three large-scale porphyry-epithermal projects: Bramaderos, El Palmar and Verde Chico. The Resource inventory currently stands at 2.7 million ounces (gold-equivalent), with Exploration Targets that could lift this to 10 million ounces or more. Drilling should bring ongoing news-flow ahead of resource growth in 2025 – assays from Limon (Bramaderos) are imminent. If you’d like to discuss Sunstone, or to connect with their new Managing Director, Patrick Duffy, please contact us: info@gbacapital.com.au Please be advised that this report is General Advice only and has been commissioned by STM. Please see page 12 for the Key Risks, and the final page for Disclosures and Disclaimers.

This week, Pursuit Minerals Ltd, Managing Director/CEO, Aaron Revelle presented at the Market Talk | Investor Relations and Media Collaborations Natural Resources Matinee, 6 May at Sydney’s Hubert Theatre Royale. Hosted by Perth-based ResolveIR IR and Sydney-based Investability IR, the one-day investor event showcased carefully selected, high growth companies at various levels of development in the resources sector. Ahead of the event, Aaron caught up with Stockhead TV to talk about the latest results from the Company's Rio Grande Sur #Lithium Project in Salta, Argentina. Watch the interview with Aaron and Stockhead TV 📺👇🏽 Read the editorial feature here: https://lnkd.in/g9Gzw4Nm -- Pursuit Minerals Ltd Minerals holds the Rio Grade Sur lithium brine project that covers 9260 hectares of the Rio Grande Salar within Argentina’s Salta province. It has an inferred resource of 251,300t of lithium carbonate equivalent at an average grade of 351mg/L lithium. The Stage 1 drilling campaign on the four tenements to the south of the tenement package is underway with drilling of the first hole DDH-1 in progress. “We are quite excited by the interim and intermediate results that are coming out from some of the packer samples as we progress to depth,” Revelle said. “We are expecting that program to continue over the remainder of the quarter into the half of the year, when we are expecting to complete all four diamond holes, which should total about 2500m of drilling.” Results to date indicate that a significant upgrade to the resource could be delivered before the half year or into the third quarter. The company has also completed its lithium carbonate pilot plant, with its engineering team now focused on producing the first 5-10kg of lithium carbonate products, which will be sent to potential offtake partners for quality certification and product analysis. This will in turn enable the company to carry out advanced offtake discussions with that plant and turn the plant into a 250t continuous operation even as its constructs and develops evaporation ponds at site. “We are working towards those milestones in the near term, as well as advancing some of the other elements of our project including our bankable feasibility study, which we are on track to deliver a larger, commercial scale study by the end of this year,” Revelle added. -- #asx #stocks #producer #criticalminerals #investing #stockstowatch #PUR

"The notable investments by federal and provincial governments in battery manufacturing highlight the importance of a robust feedstock supply." Vance White, President and CEO of Noble Mineral Exploration highlights the company's recent projects, challenges in the market, strategic focus on battery minerals, and prioritization of the Boulder project. #NobleMineralExploration #GeologicalSurvey #DrillProgram #GBR #OntarioMining #MarketChallenges #BatteryMinerals #CriticalMinerals

Kairos Minerals Ltd Achieves Up to 97% Rare Earth Recovery at Roe Hills Project (ASX: KAI) Dr Peter Turner, Managing Director of Kairos Minerals, emphasized the significance of these results, stating, “Before we drill for a large resource, we need to make sure we can beneficiate or upgrade the mineralisation to a saleable product for the market and these early tests demonstrate that there are no refractory components to the mineralisation that are often seen with clay-hosted REE projects.” “We now have good reason to be very confident with our Roe Hills REE project, with high in-situ grades of the clay-hosted mineralisation and large areas interpreted from the gravity results to be underlain by enriched syenites that will be tested in the next round of cost-effective aircore drilling. The leaching characteristics are first-class with truly high recovery rates between 90-97% using hydrochloric acid.” “Several samples also show the REEs reporting to the finer fraction of the clays, especially in the valuable rare earths Sm, Nd & Pr. This gives us encouragement to review a second stage of test work”. Read our article below: https://lnkd.in/gpwxtQkf #rareearths #ree #mining #exploration #asx

Xanadu Mines Ltd Executive Chair, Colin Moorhead, pitched key points of the compelling #XAM investment case at the MarketTalk Natural Resources Matinée, co-hosted by Investability IR and ResolveIR, and sponsored by MST Financial. Colin focussed on how Kharmagtai is a standout; and growing #gold-rich #copper project in #Mongolia that will be developed, and backed up by clean concentrate which is expected to be in high demand in an ever tightening market. He also highlighted how the successful #exploration of world class deposits underpins #XAM.This includes the exploration activities underway at Red Mountain and soon-to-be commenced at Sant Tolgoi. A comprehensive panel discussion kicked off the event, deliberating over commodity markets and key investment opportunities, with participants from Lowell Resources Funds Management, Tribeca Investment Partners and Resource Capital Funds, and chaired by MST’s Senior Resource Analyst, Michael Bentley. View latest presentation: https://loom.ly/YnOhY6c #Xanadumines #mining #development #CriticalMinerals #MiningInvestment #ASX #TSX