Viking Mines’ Post

Delighted to announce the publication of the pre-feasibility study for the Empire Open Pit copper oxide project in #Idaho. This is a huge piece of work (500 pages long) that has taken years to refine, and which sets out a path to constructing a profitable #copper, #gold and #silver mine. The open pit is a relatively small, low execution risk project that has low start up costs, will be nearly immediately productive and profitable, and provide the cashflows that will allow us to further explore the huge potential of the copper sulphide deposit at Empire. With world demand for copper increasing year or year as the move to cleaner energy gathers pace, Phoenix is ideally positioned to bring a new source of copper, produced in the USA to the highest environmental standards, to the market. At the same time we have announced our strategy to combine exploration and early, small scale production from the sulphides that lie 400 feet below the oxide deposit. Historically, head grades of 6-8% copper and recovery of over 1.5g/T gold were being achieved from the sulphides, and our limited drilling program in 2021 intercepted copper at over 8%. Resources permitting, we plan over the next 12 months to drill an adit directly into the sulphides, allowing our team to better understand the ore body. If we find ores similar to those mined historically then our mine design allows us to process them alongside the copper oxides. If so, these much higher grade ores would materially improve the project economics for the open pit, but this is mining, and we will take each step as it comes. Read more at: https://lnkd.in/d8j9F-q8

Cyprium Metals Limited (ASX: CYM) has made a shallow high-grade copper discovery near Cue at the Heeler prospect, around 10 kilometres southwest of its Hollandaire copper-gold deposit in Western Australia's Murchison Province. Sitting within Cyprium’s portfolio of exploration assets, the Heeler prospect is on tenements at the Cue joint venture with Ramelius Resources Ltd (ASX:RMS. The project is operated by Cyprium, who owns 80% of the rights to base metals with 20% owned by Ramelius. Cyprium is encouraged by a drill intercept of 15 metres at 3.26% copper, 0.70 g/t gold, 7.4 g/t silver and 151ppm cobalt from 70 metres downhole in drill hole 24CURC004. This included a 7-metre intercept at 5.04% copper, 0.81 g/t gold, 11.4 g/t silver, 197ppm cobalt and 0.11% nickel from a depth of 71 metres.   More at #Proactive #ProactiveInvestors #ASX #OTC #CYM #CYPMF http://ow.ly/yb9F105ipRA

Recharge Metals Limited (ASX:REC) has unveiled a promising new copper mineralisation model at its Brandy Hill South Project in Western Australia, where a thorough evaluation led by geologist Dr. Steve Beresford has revealed mineralisation exceeding 500 metres in strike length and remaining open in all directions. ⛏️ Exploration data suggests the presence of a well-preserved porphyry copper system compared to similar deposits in Western Australia, supported by previous drilling intersections including 33m @ 0.97% Cu from 59m, 77m @ 0.33% Cu from 209m, and 22.5m @ 1.02% Cu from 375.5m including 7.5m @ 1.65% Cu. Dr. Beresford's proposed next steps include trialing induced polarisation surveys and detailed mineralogical studies, supported by existing exploration data, enabling rapid advancement at minimal cost. Successful validation of these methods could elevate Brandy Hill South's value significantly, leveraging its strategic location and the strong copper market outlook.💰📈 “Dr Steve Beresford’s technical review arose from our desire to put new eyes on Brandy Hill South while our recent focus was on critical and strategic minerals in North America. We are encouraged by Steve’s observations and findings, which has provided a relatively simple low-cost work program to advance the project. "Copper is one of the key commodities in the global energy transition yet there are relatively few new projects which have emerged in recent times. Should exploration be successful, we anticipate substantial interest in Brandy Hill South going forward.” - Recharge Metals Managing Director Felicity Repacholi Full Announcement 👉🏼 https://shorturl.at/FdSvE Hayley Corrigan #ASX #ASXNews #Investing #Mining #Exploration #Drilling #Copper #Cu #Lithium #Uranium

🚨Asian Battery Metals PLC (ASX: AZ9) Confirms Massive Sulphide Mineralisation in Phase 1 Drilling 🚨 📢 Asian Battery Metals PLC (ASX: AZ9) has confirmed massive sulphide mineralisation at the Yambat Project in Mongolia, marking a significant milestone in the Phase 1 drilling program. With over 2,896 metres drilled, this discovery is a major advancement in the exploration of high-grade Cu-Ni mineralisation! 🛠️🌍 Key Highlights: 🔹 OVD021 encountered a massive sulphide interval of 8.8 metres from 107.2 metres! (Assays pending) 🔹 Mineralisation confirmed across multiple intervals at the Oval Cu-Ni Prospect 🧲 🔹 The strike length now exceeds 800 metres, demonstrating the project’s robust potential 🔹 High-resolution magnetics and ongoing DHEM surveys are further refining the next drilling targets 🎯 Industry Insight: The Global copper-nickel alloys market is projected to reach US$5,989.37 million by 2028, growing at a CAGR of 5.7% from 2022 to 2028. This positions discoveries like Yambat as crucial contributors to the evolving demand in the Cu-Ni market, especially with the increasing focus on the energy transition. What’s Next? Exploration efforts are set to continue into Q4 2024, with Phase 2 already in planning, targeting deeper, high-grade mineralisation zones. 💬 “The massive sulphide intercept at OVD021 confirms the potential for high-grade ores. This is a major breakthrough, and further data will support future stages of exploration,” says Managing Director Gan-Ochir Zunduisuren. Read Announcement Here: https://bit.ly/3XtENRR 🔗 Stay tuned for more updates at www.asianbatterymetals.com! #AZ9 #ASX #AsianBatteryMetals #CuNiMineralisation #YambatProject #SulphideMineralisation #MiningExploration #Phase1Drilling #MassiveSulphides #CopperNickel #BatteryMetals #EnergyTransition #MiningIndustry #MineralDiscovery #MongoliaMining #ResourceExploration #HighGradeOres #MiningInvestment #SustainableMining #MetalsMarket #MiningUpdates  #DrillingResults

Orion Minerals Ltd (ASX:ORN, JSE:ORN) is celebrating the results of its first diamond drilled hole at the Flat Mine South (FMS) prospect of the Okiep Copper Project in South Africa, hitting 20.5 metres at 4.99% #copper within a wider result of 43 metres at 3.41% from 527 metres. The high-grade copper mineralisation is open for at least 200 metres down dip from this first drill hole, offering further potential for more exploration at depth. Flat Mine South was a virgin discovery with no indications of prospectivity at surface, which Orion believes will form a key part of an early production plan for the project. More at #Proactive #ProactiveInvestors #CopperMining #BatteryMetals #CriticalMinerals http://ow.ly/b98w105zVss

We've acquired 100% of the advanced McLaren Valuable Heavy Mineral Sands Project in the West Eucla Basin, WA, which includes tenements covering 333 sq km and an indicated and inferred JORC Resource of 280Mt at 4.8% Heavy Mineral near the surface. The project has the potential for expanded MRE by including results not in current resource extended, plus extended mine life through additional drilling Our plan is to focus on a lower-cost Capex design to fast-track development and produce bulk concentrate, supported by strong ilmenite market demand due to global supply deficits. We will advance a Pre-Feasibility and Bankable Feasibility Studies with infill drilling and metallurgical evaluations to confirm project economics. We will complete a Placement of $360,000 to raise working capital. Managing Director Andrew Haythorpe said: "This Project presents an excellent opportunity for Allup Silica to fulfill its plan of moving into production. Albeit a different sand, the mining and washing processes for ilmenite are similar to silica sand, as well as the near-surface mineralisation and low strip ratios. However, the higher product price and lower shipping volumes present a compelling opportunity for development. Because of the previous work completed and the increasingly high value of titanium minerals, this opportunity presents a faster and higher confidence pathway for Allup Silica and its shareholders. The ground is accessible in all seasons of the year, allowing for more rapid progress. Infill drilling and further metallurgical work is planned to commence as soon as practicable so that we can advance a Pre-Feasibility Study and move onto a Bankable Feasibility Study for the project." Read the full ASX Announcement here: https://lnkd.in/gTeCS_Rj #AllupSilica #APS #MineralSands #McLarenProject #HeavyMinerals #Ilmenite #MiningWA #ResourceExpansion #MiningNews #ASX #MineralExploration #SustainableMining #InvestInMining #ResourceDevelopment #MineralSandsProject #MiningIndustry #IlmeniteDemand #EuclaBasin #AustralianMining #MineralResources

Nexus Minerals Ltd (ASX:NXM) has the diamond drill spinning at the Crusader-Templar deposit of #WallbrookGoldProject in the north-eastern #Goldfields of WA as it seeks to de-risk the project as part of ongoing mine studies. The 1,500-metre diamond drill program is expected to provide critical information to the company and comes as it accelerates mine study work ahead of potential development. It will provide further information for metallurgical test work, geotechnical assessment, waste rock characterization and water monitoring and is expected to be completed next month. The drill holes are multi-purpose where possible with some to also provide additional orebody infill detail. This program follows the recently updated JORC 2012 Crusader-Templar combined mineral resource estimate of 5.67 million tonnes at 1.7 g/t gold for 304,000 ounces of gold at a 0.4 g/t cut-off. More at #Proactive #ProactiveInvestors #ASX #gold #goldexploration http://ow.ly/2NLz105t00J

Stelar Metals Ltd (ASX:SLB) highlighted significant progress at its Trident Lithium Project near Broken Hill in Far West New South Wales during the last quarter. Located over the 20-kilometre strike length of the Euriowie Tin Pegmatite Field, Trident is proving to be highly prospective for #hardrocklithium mineralisation. Key developments at the Trident Project include successful initial reverse circulation (RC) drilling which intersected high-grade lithium with results up to 8 metres at 1.16% Li2O, including 4 metres at 1.85% Li2O. More at #Proactive #ProactiveInvestors #ASX #SLB #lithium #batterymetals #criticalminerals http://ow.ly/OKfC105rAH5

Great Southern Copper PLC (LSE:GSCU) (GSC) said it has completed scout drilling at Abundante with drilling now underway at Teresita.  Both prospects are within the company’s #Especularita copper/silver project in the coastal metallogenic belt of northern Chile. At Abundante, six reverse circulation (RC) holes were drilled for a total of 484 metres with copper visually identified in four holes. Assays have been sent for testing. Teresita’s RC programme will target high-grade #gold and copper mineralisation associated with quartz-carbonate vein-breccias. Sam Garrett, GSC chief executive, said: "Preliminary target-concept drilling is now completed for the Abundante mine prospect where the company is targeting high-grade copper associated with #tourmaline breccia. "All of the drill chip samples are at the laboratory and we look forward to updating the market on the results when they become available. More at #Proactive #ProactiveInvestors #LSE #GSCU #GreatSouthernCopper #Mining #driling #copper #gold #silver #chile http://ow.ly/UI3U105aV7u

Talon Metals Corp. (TSX:TLO, OTC:TLOFF) announced that the Michigan Department of Natural Resources’ Administrative Board has approved its application via its subsidiaries for 23,000 acres of additional mineral leases in the Upper Peninsula of the state, a highly prospective #nickel district which hosts the only operating high-grade nickel mine in the United States. The company noted that these leases complemented a 400,000-acre land package for which the company, in August 2022, entered into an option and earn-in agreement with UPX Minerals, a wholly-owned subsidiary of Sweetwater Royalties, to acquire up to an 80% interest. Talon Metals said the combined land package covers “highly prospective” terrain located 2.8 kilometers from the high-grade Eagle Nickel Mine and 0.6 kilometers from the Humboldt Mill, which processes raw nickel ore from the Eagle Nickel Mine. More at #Proactive #ProactiveInvestors #TSX #OTC #TLO #TLOFF http://ow.ly/zLRJ105eIcu