Proactive’s Post

Caspin Resources Limited Yarawindah Brook PGE-Ni-Cu Project is located ~100km northeast of Perth, in the emerging PGE-Ni-Cu sulphide West Yilgarn province. The Yarawindah Brook Project comprises a significant ground position of over 400km2, approximately 40km north from Chalice Mining’s discovery of the high-grade Gonneville PGE-Ni-Cu deposit. Recent highlights ▶️The Company is on the search for near-surface massive sulphide – Brassica, Balansa and more ▶️Successful MLEM survey at Brassica, identified two new targets beneath results of up to 0.52g/t Pd, 0.19g/t Pt, 0.18g/t Au, 800ppm Ni and 900ppm Cu in shallow, historical drilling ▶️ Delineation of high-grade peridotite (Pt-Rh rich) and bulk pyroxenite (Pd rich) lodes at Serradella ▶️ Recognition of lithium prospectivity with geological setting similar to Greenbushes Download the latest Company Presentation Here: https://lnkd.in/gM8Npaiq Project Highlights 📍 A large, strategic position in the emerging West Yilgarn PGE-Ni-Cu Province 📍 Exploring new targets with similar geology to the nearby Chalice Mining (ASX:CHN) Gonneville PGE-Ni-Cu Deposit (16Moz 3E, 860kt Ni) 📍 Focussing on near-surface massive sulphide targets – many areas never explored for Ni-Cu-PGE. 📍 Developing conceptual lithium targets Contact Greg Miles #CPN #exploration #ASX #criticalminerals #batterymetals #mining #Australia #investing #stockstowatch

#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

Aruma Resources Ltd (ASX:AAJ) is excited about the potential of its newly acquired Bortala Copper Project in the Mt Isa #copper belt of Queensland, having already identified several promising target areas for copper-gold mineralisation in an initial review of the tenure. The company says the targets are hosted in favourable geology, physical structures and geophysical settings. Historical exploration focused on outcropping epithermal-like veins over a 500-metre strike at the R9 target, which generated results of up to 1.9 g/t #gold in rock chips and various drilling results up to 18 metres at 0.18% copper, 2 metres at 0.25 g/t gold, 4 metres at 0.36% #lead and 5 metres at 0.44% #zinc. More at #Proactive #ProactiveInvestors #BatteryMetals #CriticalMinerals #GoldMining #CopperMining http://ow.ly/zTqz105yZoR

Review of historic drill core at our Spargoville Project has revealed multiple spodumene occurrences. The core review program has concentrated on the area around Westgold Resources Limited’s recently acquired Spargo’s Reward open pit gold mine, within the Company’s Spargoville Project. The majority of the pegmatites had never been logged for mineralogy and were not considered for their lithium potential. Exploration Manager Mladen Stevanovic commented: “The ongoing re-logging campaign is already generating exciting drill targets. It also shows that discoveries can be made by meticulous examination of the existing databases, without the need for the Company to expend capital on further drilling. The potential for lithium mineralisation to the west of the Spargo’s Reward appears better than expected. Spodumene-bearing and optimally-fractionated pegmatites have already been identified. We are also nearing completion of a comprehensive geophysical review of the entire Higginsville Lithium District. This has already identified many new exploration targets that warrant further followup, showing just how prospective the Company’s Projects are. This new geophysical information, in conjunction with the promising information obtained from the ongoing re-logging of the drill core and RC chips, has prompted the Company to amend its exploration plans with a renewed focus on target generation and target ranking. This approach is intended to identify several high-quality exploration targets and invest Kali’s resources toward the most promising exploration campaigns.” Read the full ASX announcement: https://lnkd.in/d76Vszbw #KM1 #lithium #spodumene #exploration

Murchison Minerals Ltd (TSX-V:MUR, OTCQB:MURMF) has kicked off its latest exploration program at the BMK Volcanogenic Massive Sulphide (VMS) project in Saskatchewan. The program, covering the 100%-owned project, involves diamond drilling totaling approximately 3,500 meters and is slated for completion by mid-March. Murchison’s primary aim is to discover the copper-rich stockwork zone associated with the formation of the BMK VMS Deposit, according to a statement. The deposit, with a 2018 NI 43-101 resource estimate, remains open along strike and at depth. The 2024 winter drilling program will concentrate on three target areas: CST, BMK North, and BMK South Extensions. #Murchison believes that each area presents high-priority zones for potential discoveries, with a particular focus on the CST target, identified as a large geophysical anomaly. More at #Proactive #ProactiveInvestors #TSXV #OTCQB #MUR #MURMF http://ow.ly/1LVH105ajrx

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

Regional Exploration Work Identifies New Targets for Copper and Nickel Mineralisation While the Oval Cu-Ni Prospect exploration program is continuing the Company has recently received results from geophysical exploration programs, ground mapping, and sampling. The exploration has identified four additional exploration targets in the Yambat (Cu-Ni) Project.   The Oval Prospect drilling program totals 2,500m with approximately 1320m of this program now completed. Results for this program will be announced when assays come to hand.   The Geophysical Studies and subsequent groundproofing have confirmed:   Indication of broader magmatic copper-nickel system beyond Oval Cu-Ni prospect with:  a new outcrop of mineralized gabbro containing sulfide blebs being identified at the South Zone, 1.7km to Southeast from Oval mineralized gabbro. - An expansion of the previously reported Ni-Cu mineralized gabbro outcrop at the North Oval area. This expansion indicates a significant NW extension of the main Oval Ni-Cu mineralization.   A discovery of copper-gold mineralization in the northern part of the tenement was made following detailed mapping of an area 7 kms to the north of the Oval Prospect. The newly named Copper Ridge is a different style of mineralization characterized by:    -  A 30m wide by 400m long zone of silicified, magnetite-altered andesite with significant disseminated chalcopyrite mineralization has been delineated before dipping under alluvial cover to the east.   Assay results from rock chip sampling yielded maximum values of 0.29 ppm Au, 0.4% Cu, and greater than 15% Fe. #ABM #Copper #CopperMining #NickelMining #Nickel #BatteryMetals #CriticalMinerals Read the announcement here: https://bit.ly/3WPZ7hb

via Grafa Black Canyon Limited revealed significant exploration potential at the Balfour #manganese field through two JORC 2012 exploration target estimates. The Pickering and Balfour East prospects contribute to the BMF global mineral resources are 314 Mt @ 10.5% Mn. Balfour East's ETE enhances the inferred mineral resource estimate by 32 Mt @ 11.9% Mn. Reverse circulation drill results from Pickering and Balfour East endorse the ETE, with further MRE infill and extension #drilling planned for 2024. The total ETE for BMF ranges from 160 to 215 Mt @ 11–12% Mn, containing 18–23 Mt of manganese. #BCA anticipates converting the exploration targets into MRE, potentially adding a significant 18–23 Mt of manganese to the existing MRE position. Learn more: https://loom.ly/f1QBAJM #BlackCanyon #ASX

Fathom Nickel Inc (@fathomnickelinc) has reported promising exploration results from its Gochager Lake property. The recent field program included a soil geochemical survey aimed at identifying signals over the historic deposit and locating similar deposits elsewhere on the property. Mapping and sampling revealed subsurface signals extending up to 400 metres east-northeast of the historic deposit, indicating increased complexity and potential for larger deposits. The company highlighted the presence of significant magmatic nickel, copper, and cobalt deposits hosted in a gabbro intrusion. Furthermore, the exploration program identified similar signals at the Mal Lake site, located ten kilometres southeast of Gochager Lake, suggesting a common source for the mineralization and significantly increasing the area's scope and potential. Fathom Nickel plans to establish a camp at Gochager Lake in early August, with drilling expected to begin by mid-September, following detailed data analysis and drill planning. #exploration #mining #nickel @fathomnickelinc @cse_news @otcqb

Already host to a globally significant laterite resource, the Ardea Resources Ltd EIS-funded hole into the Kalgoorlie Nickel Project has now confirmed sulphide prospectivity within its dominant landholdings. Government backed drilling also came home with lithium-caesium intrusives and very high levels of rubidium, and the result potentially opens up a massive new stretch of sulphide exploration in a region with 146 tenements and 4271 square kilometres under the Ardea banner. “Whilst Ardea are entirely focussed on concluding the Kalgoorlie Nickel Project Goongarrie Hub Strategic Partner process, the Company considers that its broader Kalgoorlie Nickel Project tenements have significant Battery and Critical Mineral exploration potential. The results from drilling the EIS core hole at Highway, have reiterated this prospectivity by confirming that the Walter Williams Formation is prospective for hosting nickel sulphide mineralisation at depth, as well as the extensive surface nickel laterite development.” – Ardea Managing Director and CEO Andrew Penkethman #EIS #Sulphides #Exploration #Nickel #Lithium 📰 Subscribe to MarketOpen Insights! 🗞 https://lnkd.in/g7qSSk8m