Xanadu Mines Ltd’s Post

Tanbreez Project in Greenland is Enabled by the World’s Largest Rare Earth Deposit Europe-focused Critical Metals Corp. (Nasdaq: CRML) announced today that it has successfully obtained an extension for the exploitation license of its majority-owned Tanbreez project in Greenland, recognized as the world’s largest rare earth deposit. This extension marks a significant milestone for the company, as it now has until the end of 2025 to submit its exploitation and closure plans. Additionally, Critical Metals must provide financial security and a company guarantee by June 30, 2026, with the goal of commencing mining operations by the end of 2028. Tony Sage, Chairman and CEO, emphasized the importance of this development, stating, “The extension is a significant milestone, demonstrating strong local support for our project, which is expected to create numerous local jobs.” Following the completion of its recent drilling program, all extracted rare earth materials have been secured in storage, with samples sent to ALS laboratory in Ireland for analysis. The company anticipates receiving test results in the coming months. Located in Southern Greenland, the Tanbreez project is expected to contain over 27% heavy rare earth elements (HREE), which are highly valuable in various industries. Once operational, the mine will supply rare earth elements to both Europe and North America, benefiting from year-round shipping access through deep-water fjords leading to the North Atlantic Ocean. In addition to the Tanbreez project, Critical Metals also owns Europe’s first fully permitted lithium mine, the Wolfsberg project in Austria, which is set to begin construction by 2026. The company has committed to supplying BMW by 2027 and has secured a partnership with Obeikan Investment Group to establish a lithium hydroxide plant in Saudi Arabia. Following this announcement, shares of Critical Metals rose nearly 2%, trading at 2.60p by 2 PM London time, bringing the company’s market capitalization to £1.75 million ($2.29 million). https://lnkd.in/eU_2emSG

Exploration Insights' second leg of a recent trip Down Under took me from Orange, New South Wales in the middle of a thunderstorm to the capital of Victoria. I visited the Sunday Creek gold-antimony project, the current ‘darling’ of the ASX-listed gold sector, Southern Cross Gold, which is 51%-owned by Mawson Gold Ltd (MAW,TSX) and conveniently located less than an hour north of Melbourne. The high-grade gold-antimony mineralization appears to be controlled by the competency contrast of up to 100 m from the contact of a 20-30 m thick diorite dyke with Ordovician-Devonian-aged sediments of the Melbourne Block. The company is looking to increase its drill rig count (4 to 6) as it moves to generate a maiden resource (40,000 m). Investors are hoping that it may be similar to the Fosterville gold-antimony deposit, a unicorn-like deposit that I covered during my keynote address at the Victoria Gold Mining & Exploration Forum. On my 2016 visit to Victoria, I saw the Fosterville Mine, I witnessed Newmarket Gold's emerging understanding of the potential impact of this new style of mineralization on the previously marginal, refractory (bio-ox) underground operation before its acquisition by Kirkland Lake Gold. The combination of high-grade and excellent metallurgy surrounded by first-world infrastructure underpins the high operating margins and the premium valuation attributed to the high-grade, high-recovery, Fosterville UG mine, which was acquired a few times - another tell-tale sign of a unicorn gold deposit. I note that the last currently operating mine that was approved for development in Victoria was Mandalay Resources Corporation's Costerfield underground operation. Note that several projects have obtained permits to develop but are not currently in production. On a positive note, in contrast to other highly endowed jurisdictions, the Victoria Gold Mining & Exploration Forum highlighted that the Australian government agencies are active in supporting the mineral industry with funding for new exploration ideas while providing all companies (big and small) with data from regional geophysical surveys, which helps level the playing field. [top left] Gold-bearing veins at the Golden Dyke workings appear to be controlled by the competency contrast of up to 100 m from the contact of a 20-30 m thick diorite dyke with sediments, [top right] drilling with 4-6 rigs at Sunday Creek, located 60 km north of Melbourne [center left] whiteboard of geology at the core shack/office, [bottom left] Minister of everything in Victoria attends remotely at the conference, and [bottom right] talking about unicorns like Fosterville. Source: Exploration Insights

EcoGraf Limited (ASX:EGR, FSE:FMK, OTCQB:ECGFF) is pleased to announce that it has signed a binding agreement with AngloGold Ashanti to enter into a US$9.0m (A$13.5m) 5-year farm-in agreement for the exploration of gold at EcoGraf’s wholly owned subsidiary Innogy Limited’s Golden Eagle gold project in the Lake Victoria Goldfields of Tanzania. AngloGold is one of the world’s largest gold miners and owner of Tanzania’s largest gold mine, the 9.9Moz Geita gold mine. Key highlights of the project: ✅ The Golden Eagle Project has been the subject of detailed technical and corporate due diligence by AngloGold, commencing in May last year. The Golden Eagle Project is located in the Singida and Manyara regions of Tanzania and is a high-quality gold asset that has significant potential to discover world class multi-million-ounce gold deposits. ✅ The project is located on the eastern margin of the world class +70 Moz gold Archean Lake Victoria Goldfields in the same structural corridor as the historical 3.4 Moz Golden Pride gold mine which was operated by Resolute Mining Limited. ✅ The project covers the direct interpreted northeast continuation of the Banded Iron Formation (BIF) that hosts the high-grade Winston gold deposit, which has returned drill intercepts of 16m @ 55.23g/t gold from 116m2. ✅ Geologically, the area is characterised by very favourable Archean greenstone belts, set within a granitic complex. ✅ Gold in the area is predominantly hosted within veined shear zones within the BIF units within the greenstone belts. ✅ Several highly prospective untested gold prospects and shear zones and faults crosscut the BIF units of the Golden Eagle Project. ✅ Previous exploration efforts involved significant prospect generation activities within the Golden Eagle Project licences, providing a significant number of gold targets and exploration upside. ✅ The Golden Eagle Project comprises two pending Prospecting Licences, which total 578 km2. EcoGraf Managing Director, Andrew Spinks, commented: “The Golden Eagle farm-in agreement with AngloGold Ashanti, the fourth largest gold miner in the world, demonstrates the strong technical quality of the Innogy assets and is a further vote of confidence in the mining industry of Tanzania. We look forward to AngloGold’s expertise in gold exploration being applied to Golden Eagle, as it hunts for another Tier-1 gold deposit to complement its existing Geita operation in Tanzania.” “This agreement is a great result from our technical team, providing a pathway to realise value for our shareholders from EcoGraf’s non-core mineral assets. It provides upside exposure to the rising gold price for our shareholders, while the Company focusses on the development of its battery anode materials business for the lithium-ion battery market.” #Gold #Graphite #Tanzania #Vision2030 #TanzaniaDevelopment #TanzaniaMinerals #TanzaniaMining #InvestInTanzania #CriticalMineralsTanzania 

We are pleased to be advising on forward initiatives around Kincora Copper Limited's very significant copper-gold asset portfolio in the world-class Southern Gobi copper belt, Mongolia. This region is a rapidly emerging source of new copper supply and with an existing 426Kt copper and 437Koz gold resource inventory, plus significant exploration target, on a small portion of one of three underexplored porphyry complexes, this portfolio offers genuine Tier-1 potential. Coupled with a fully operational mining camp, Mongolia based team on the ground and large scale walk up drill targets (both green and brownfield) the portfolio offers unique leverage to the copper price moving forward and it would be hard to find a better in-country entrée than this on a global basis.   Key highlights include: • 100% interest and district-scale project portfolio (175sqkm) • Three underexplored, large and near surface porphyry intrusive complexes (smallest > 2.5 x 4.5km) • Maiden 194Mt JORC Mineral Resource Estimate and further 100-300Mt exploration target on a small, and considered less prospective, section of one of these intrusive complexes • Oxide resource on a mining license offering near term development potential • Established in-country team of experienced geologists with supporting infrastructure and Ulaanbaatar office • Year-round field camp • One of, if not the largest, proprietary databases held by a western group for new opportunities in Mongolia A high impact, modest cost 2024 field program is proposed, including resource expansion and new discovery drilling, coupled with gaining a second mining license and advancing desktop studies for an open cut oxide development project. This opportunity presents as a potential ‘company maker’ for the right group. With Kincora’s focus on progressing their core Australian assets there is flexibility for how new groups might be involved in taking the opportunity forward.   A comprehensive slide deck is available at https://lnkd.in/gxJ_gfJY

QUARTERLY REPORT For the period ending 30 June 2024  JUNE 2024 QUARTER HIGHLIGHTS GOLD EXPLORATION • Maximus continued its focus building on the Company’s 335,000 oz of gold resources, with the commencement of mine optimisation studies and preparation of Mining Proposal submission for openpit operations. • A second phase drill program has been completed at the Wattle Dam Gold Mine, targeting a potential structural offset of the high-grade gold mineralisation - Assays pending. • An infill and resource extension drill program has been completed at the Hilditch Gold Project, for additional metallurgical testing and improved resource confidence classification - Assays pending. • Discovery of high-grade rock chip samples up to 9.8 g/t Au across an extensive untested gold-in-soil trend at the Golden Eagle Prospect. Preparation for drill testing is underway. • Flora and Fauna Surveys have been completed at the Hilditch and Wattle Dam Gold Project to complement previous environmental studies in preparation for a Mining Proposal submission. LITHIUM EXPLORATION • Australian Foreign Investment Review Board (FIRB) approval was received for a USD$3 million Joint Venture (JV) with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR). • A second phase wide-spaced Reverse Circulation (RC) drill program at the Kandui Prospect was completed. All holes intersected fertile LCT pegmatites with strong fractionation, up to 18m thick, validating the geological model. Multiple shallow spodumene-bearing pegmatites intersected include: ~3m @ 0.72% Li2O from 47m, incl. 2m @ 0.96% Li2O from 48m (MKRC044) ~18m @ 0.24% Li2O from 116m, incl. 2m @ 0.50% Li2O from 119m (MKRC043) ~14m @ 0.24% Li2O from 66m, incl. 1m @ 0.79% Li2O from 77m (MKRC034) • Discovery of coarse spodumene crystals up to 20cm in length at the Bird Rock Prospect, through the completion of a project-wide soil geochemistry sampling program at the Lefroy Lithium Project. • Maximus was awarded a $102,000 co-funded drilling grant by the WA Government Exploration Incentive Scheme (EIS) to test several LCT pegmatite targets at the Larkinville Lithium Project.  CORPORATE • Completion of a $3.2 Million Underwritten Entitlement Offer to accelerate gold-focused development work and exploration drill programs across Maximus’ Spargoville Gold Project. • The Company ended the quarter with $4.0 million in cash, including receivable from KOMIR JV. Tim Wither Gregor Bennett Brayden Sprigg Dos Santos Rajita Alwis #MXR #Lithium #Gold #Nickel

MOU Signing For Development of VICTORY BORE Project Surefire Resources NL is pleased to announce that following its engagement into the Kingdom of Saudi Arabia (“KSA”) it has received additional interest from other KSA based companies and has now signed a second non-binding Memorandum of Understanding (“MOU”) with the Rasi Investment Co. (“RASI”) in relation to investment and participation in the development of the Company’s 100% owned Victory Bore Vanadium Project (“Victory Bore Project” or “Project”). RASI is based in KSA and invests in companies that have effective projects with high revenue. RASI have established a new fund specifically for investing in overseas projects and currently invest in Mining, manufacturing, and laboratory areas, which are all key economic growth sectors in the Kingdom’s “VISION 2030” as they transition away from dependence on oil and gas. The signing of the MOU with RASI further develops the Company’s business plan to engage with Saudi partners to develop the Victory Bore vanadium project and follows the signing of the MOU with Ajlan & Bros Holding Mining and Metals for Joint venture (“Ajlan”). RASI brings a wealth of experience in the Mining sector in KSA and investment capability. The MOU allows for the parties to negotiate binding agreements relating to investment, co-participation, and offtake. RASI specifically invests in companies that have projects that meet their investment criteria. The MOU will allow RASI to consider investment into Surefire and or the Victory Bore project to become a major stake holder; The MOU also allows the parties to explore joint-participation or co-developer structure to assist in the development of the downstream processing facilities in addition to the joint venture discussions already occurring with Ajlan; The MOU allows the parties to discuss terms for Offtake agreements for any of the intended products. RASI already produces Titanium slag and Iron ingots. Surefire plans to produce up to six products from a processing facility in the Kingdom of Saudi Arabia: High purity vanadium pentoxide, Ferrovanadium, Pig iron, High-grade iron ore, High purity iron oxide pigment and Titanium slag. Mr. Paul Burton, Surefire Resources Managing Director said “This is another important step for the Company in its approach to developing the Victory Bore Project. This MOU will be worked through concurrently and further announcements will be provided once matters progress with RASI.” “We look forward to working closely with RASI along with our work with Ajlan” he added. Commenting on the agreement, Meshary AlAli AlDehashi, Chairman of Rasi Investment Co. said “this MOU for investment will contribute to achieving SUREFIRE – RASI goals to support and enhance local content by localizing some mining services”. “This will help realize the goals of Saudi Vision 2030, which focuses on transforming the Kingdom into a major mining hub,” he added. #saudiarabia #australia #investment #VICTORYBORE

*NEWS* -- KO Gold Inc. - (CSE: KOG) KO Gold Granted Exploration Permit Over Historic Carrick Goldfield in Otago Gold District and Commences Regional Exploration Programs. Highlights: *Carrick EP granted for a 5-year term over the historic Carrick Goldfield with immediate plans to drill several holes targeting high-angle lode-style gold mineralization and low-angle shear-hosted gold mineralization within the Carrick-Potter Shear Zone ("CPSZ"). *Exploration activities on the Carrick Range PP will take approximately six weeks to complete and includes geological mapping, prospecting and rock sampling, and an extensive soil and stream sediment sampling program over the 200 km2 permit area. This program is designed to identify potential drilling targets for an upcoming reverse circulation (RC) and diamond drilling program in the Carrick Goldfield. *Management has recently approved a C$3M exploration budget to complete regional exploration programs on its Carrick Range, Rough Ridge South, and Tokomairiro prospecting permits and in addition RC and diamond drilling programs on its Carrick, Hyde, Glenpark, and Smylers Gold exploration permits; once access agreements have been approved in a few weeks and a drilling contractor has been selected. The drilling programs for the Carrick, Smylers, Hyde, and Glenpark EP's are currently being designed. *The Company is working on obtaining access agreements to drill on both private and Department of Conservation (DOC) lands on its permits and this will include discussions with local Māori iwi groups on any potential land impacts. The exploration and drilling programs are managed and supported by RSC Consulting Ltd. ("RSC"), a highly experienced geological and mining consultant company based in Dunedin and with extensive knowledge of the Otago Gold District. *KO Gold is targeting the discovery of reef/shear-hosted gold lode mineralization within the historic Carrick Goldfield (Carrick EP) and to the south on the Carrick Range PP where modern exploration has been limited up until this point. The Carrick Gold Project is potentially similar to the nearby Santana Minerals Ltd. ("Santana") Rise & Shine ("RAS") gold deposit within the Rise & Shine Shear Zone ("RSSZ"). The RAS deposit is quickly advancing through the mining feasibility stage and contains a JORC Indicated Mineral Resource of 17.1 Mt at an average grade of 2.4 g/t Au for 1.3 Moz of contained gold and a JORC Inferred Mineral Resource of 13.7 Mt at an average grade of 2.1 g/t Au for 0.9 Moz of contained gold using a 0.5 g/t Au cutoff and open-pit mining scenario (source: Santana ASX announcement dated February 16, 2024). Link to full press release: https://lnkd.in/drKP5gdJ

Firetail Resources to Acquire York Harbour Copper-Zinc-Silver Project, Newfoundland, Canada 👉 Binding Option Agreement executed for the acquisition of up to 80% of York Harbour Project via a staged earn-in (Acquisition) 👉 York Harbour is a Cyprus-style volcanogenic massive sulphide (VMS) exploration project, located 180km west-south-west of FireFly Metals Ltd Green Bay Copper Project. 👉 Small scale historical underground production between 1898 and 1913 resulted in 100,000 tonnes mined at 3-12% Cu, 7% Zn and 1-3oz/t Ag. 👉 Only shallow exploration (<300m depth) completed, with historical exploration limited to two key areas, the old York Harbour mine and the Number 4 Pond target with multiple significant intercepts 👉 In connection with the Acquisition, FTL proposes to raise approximately $1.57m (before costs) by way of a placement to strategic investors together with a non-renounceable entitlement issue to existing eligible shareholders. 👉 Executive Chairman, Brett Grosvenor, commented: “The Firetail Board began a strategic process over 12 months ago of identifying opportunities in a rising copper market. The culmination of this process is the acquisition of the York Harbour Project, which we believe provides an exceptional opportunity to create value for our shareholders." 👉 Non-Executive Director, Simon Lawson, commented: “The Project is an advanced high-grade copper-focussed opportunity for Firetail to get involved in at just the right time. The previous history of copper mining at the project and a number of existing significant copper-zinc-silver drill hits makes this a “walk-up” project of excellent exploration potential." Well done to the whole Firetail Resources team for the milestone acquisition! Brett Grosvenor Simon Lawson George Bauk Robin Wilson Alison Dines Frank Bierlein Investing News Network - Australia

Pursuit Minerals Ltd (ASX:PUR) kick of drilling at the Rio Grande Sur Project 🇦🇷 ⛏️ "We expect these upcoming results to cement the Rio Grande Sur Project as a significant high grade pre-production lithium project" "With the first hole set to be drilled following the initial maiden JORC inferred resource, we believe that there is great potential for significant upside to be uncovered. The current round of drilling will target the known lithium brine mineralisation identified from historical drilling in addition to our own geophysical surveys carried out in 2023" "Whilst the Lithium market has been subdued over the end of 2023 and start of 2024, Lithium brine projects remain robust, profitable and attractive in these market conditions. Lithium brine projects continue to be profitable with Lithium Carbonate prices at $8,000-$12,000 USD per tonne. With marginal high-cost production now coming out of the market, we expect prices to rebound over the medium to long term as high-cost supply becomes unprofitable and withdraws from the market" "We continue to progress with permitting for our stage 2 drilling program in the north of the Rio Grande Sur Project which we hope to commence later in 2024, in addition to works at our Lithium Carbonate Pilot Plant which remains on track to commence operations in the first half of 2024"- Pursuit Minerals Managing Director & CEO Aaron Revelle #ASX #Lithium #Mining #Investing Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

Koryx Copper’s Haib project in the arid south of Namibia is WhyAfrica’s Pick Of The Week. Not only does drilling results from Koryx Copper’s Haib project in Namibia look encouraging but the history of mining and exploration in the area is fascinating.     The Haib copper deposit is in the arid south of Namibia close to the border with South Africa where the Orange River forms the border between the two countries. Haib is located about 12 to 15km east of the B1 highway connecting South Africa and Namibia. The closest town and railway station is at Grunau, about 120km north on the main highway. The history of mining in the area dates to the late 1800s when a small number of intrepid German prospectors stumbled upon what looked, to them, like copper containing surface rocks in the dry river-bed of the Volstruis River. Subsequently small tonnages of high-grade copper carbonate ore were then mined by the Germans on the banks of the Volstruis River. After World War II George Swanson, a brave prospector, carried out small scale mining and tank leaching operations close the the Volstruis River. Swanson sold his copper to the O’okiep Copper Mines across the Orange River in South Africa. In 1963 to 1964 Falconbridge completed a more detailed exploration programme. King Resources of South Africa Pty Limited, then drilled the deposit in 1968 to 1969 to examine both lower and higher-grade sulphide zones, as well as the higher-grade oxide shear zones.     During 1972 to 1975 Rio Tinto Zinc conducted the first extensive and systematic investigation of the Haib deposit In November 1993 Rand Merchant Bank Ltd of South Africa acquired an option over the Haib property. Venmyn Rand Pty Ltd produced a study of the project. In March 1995, Great Fitzroy Mines NL and RMB George Swanson signed a joint venture called Namibian Copper Joint Venture (NCJV). From 1995 to 1999, NCJV drilled a 12 infill holes, five geotechnical investigation holes, completed 126 metres of excavation in an adit and two crosscuts for bulk sampling and metallurgical testing and carried out various test works including mining cost audits, bio-leaching studies, and milling and grinding studies. Leon LouwKoryx Copper #whyafrica #africa #exploration #naturalresources #mining #copper #namibia #drilling #greenfields #brownfields #explorationdrilling #southafrica #whyexploreafrica #whymineafrica #whyafricaroadtrips #geology #history #africanhistory https://lnkd.in/dgb5sRWZ