Helix Utilising Alchemy in Asset Consolidation for Ionick IPO
Helix and Alchemy consolidate nickel-cobalt assets for Ionick IPO
Helix Resources (ASX:HLX) subsidiary Ionick Metals has executed an option agreement with Alchemy Resources (ASX:ALY) to acquire Alchemy’s 80% joint venture (JV) interest in the West Lynn Project in New South Wales.
Helix says the nickel laterite project holds an inferred mineral resource of 21.3 million tonnes (Mt) @ 0.84% nickel and 0.05% cobalt at a 0.06% nickel cutoff.
This means when considering Ionick’s Homeville mineral resource of 18 million tonnes (Mt) @ 0.9% nickel and 0.06% cobalt, the agreement increases Ionick’s total nickel resource inventory to nearly 40Mt containing 340,000 tonnes of nickel and 21,000 tonnes of cobalt.
Deloitte bolsters consulting business with Perth engineering services acquisition
Deloitte Australia has acquired Perth-based engineering services consultancy Nihar as it expands its exposure in natural resources across the global professional services firm’s consulting business.
The 70-person Nihar team specialises in full life-cycle asset management services including capital projects, operations readiness, asset management, and performance optimisation for the mining and minerals, manufacturing, oil and gas, and utilities sectors.
With the addition of Nihar, Deloitte will significantly extend the capabilities and reach of its now 260-strong asset management and performance team.
Lodestar finding beams of mineralisation at Earaheedy
With gold, copper, and zinc mineralisation struck in all 4 targets of its initial drilling program at the Earaheedy Project in Western Australia, Lodestar Minerals (ASX:LSR) is now getting ready for a final bout of 2023 drilling. Exploration Manager Coraline Blaud says following some ‘highly significant’ reverse circulation hits and with 5,000 soil samples to be collected by Christmas, the company will walk into 2024 ready to refine some new drilling targets.
KGL Resources strikes deep copper at Jervois
KGL Resources (ASX:KGL) has started drilling a new deep hole at its flagship Jervois Copper Project in the Northern Territory after identifying copper more than 1,000m below surface.
The $76.58 million market capitalisation company says its latest 13-hole diamond drilling program utilised 2 and at times 3 drill rigs, with holes designed to target several areas of investigation.
These areas of investigation included deep exploration drilling at the Rockface prospect, infill drilling for a mineral resource classification update at the Reward prospect, resource extension drilling at both the Marshall and Marshall Deeps prospects, and the sterilisation of infrastructure.
Great Western hunts for more gold at Yandal
Great Western Exploration (ASX:GTE) is planning a follow-up drilling program at its Yandal West Project in Western Australia after posting ‘high-grade’ gold results from the area.
The $10.10 million market capitalisation company says the results come from a ‘proof-of-concept’ drilling program comprising 4 drillholes along the Barwidgee Fault at Yandal West, and they demonstrate the potential for a ‘large’ gold system.
Great Western reports ‘significant’ results include hole 23YWRC023 with 4m @ 9 grams per tonne (g/t) Au from 39m and 7m @ 1.02g/t Au from 23m.
Redstone to launch lithium fieldwork in Quebec
Redstone Resources (ASX:RDS) is planning a preliminary field program across its Radisson East and Sakami Lithium projects in the James Bay region of Quebec, Canada.
The exploration company aims to assess the ‘highest-prospectivity’ areas, confirm the presence of pegmatite outcrops, and test for lithium mineralisation as part of the program.
Fieldwork will include mapping, outcrop sampling, and geochemical sampling over the initial targets.
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Cazaly wraps up exploration at Sundown
Cazaly Resources (ASX:CAZ) has completed its initial rock chip sampling program at its Sundown Lithium Project in Quebec, Canada, even as it plans drilling work in Ontario.
The company says its onsite team at Sundown was able to access several pegmatite locations in the project area and collected 304 rock chip samples.
All samples have been submitted to a laboratory for analysis, with results expected to be received in 8-10 weeks.
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True North steering copper-gold assets to development
True North Copper (ASX:TNC) is heading towards a reserve statement and an extra bout of metallurgical testwork at its Wallace North Copper-Gold Project in Queensland. Managing Director Marty Costello says the company was ‘quite surprised’ by the high grades struck in its latest round of advanced grade control drilling as True North continues to ‘bulletproof’ its business plan for the fully-permitted project.
GeoMoby and Topdrill collaborate to Protect heritage sites
Australian technology company GeoMoby has been contracted by Kalgoorlie-based mining services firm Topdrill’s wholly owned subsidiary JBC Contracting to roll out GeoMoby’s Protect technology to 30 drilling rigs across its operations.
It is the first time a large exploration drilling contractor will begin to incorporate GeoMoby’s global Protect technology fully into its operations.
In Kalgoorlie, Topdrill Drilling founder and Managing Director Tim Topham says the mining services company is known for challenging the industry with innovative solutions and thinking outside the ‘drill bit’.
Astute resource boost supports Governor Broome Scoping Study
Astute Metals (ASX:ASE) has reported a ‘significant’ 18% increase to the Measured and Indicated Mineral Resource Estimate (MRE) for its Governor Broome Heavy Mineral Sands Project in Western Australia.
The $14.36 million market capitalisation company says the updated MRE and mineral assemblages will be incorporated into an upcoming Scoping Study for the project, currently slated for Q1 2024.
Astute reports the upgraded MRE includes a combined 93.4 million tonnes (Mt) of resources now in the ‘high-confidence’ measured and indicated resource categories.
Wildcat director pockets $28.8 million bonus: Mining Minute November 7
Wildcat Resources (ASX:WC8) Non-Executive Director Alex Hewlett has secured a $28.8 million reward for helping land a major investment from Chris Ellison’s Mineral Resources (ASX:MIN). Meanwhile, Newmont Corporation has finalised its acquisition of fellow gold giant Newcrest, and the Reserve Bank of Australia will make its latest rates decision on Tuesday afternoon.
Barton Gold (ASX:BGD) MD Alex Scanlon says the company has officially completed its listing on the The Venture Market to make the trading of its shares more convenient for North American investors
Western Mines Group (ASX:WMG) MD Caedmon Marriott discusses how results from the company's latest drilling program at its nickel project in WA could lead to a potential 'large-scale' resource.
ABx Group (ASX:ABX) MD Mark Cooksey announces that the company's new reactor — which is ten times larger than its previous one — has begun operations at the Alcore Technology Centre in New South Wales
OD6 Metals (ASX:OD6) MD Brett Hazelden discusses the new 'company-maker' drill results from its Western Australia project and outlines the company's focus going forward.
Alchemy Resources (ASX:ALY) CEO James Wilson says by spinning out its nickel-cobalt-alumina assets into a Helix Resources Limited (ASX:HLX) subsidiary, the company has space to focus on its gold and base metal assets in WA and NSW.
Newly appointed Helix Resources (ASX:HLX) Chairman Mike Rosenstreich discusses how the company's wholly owned subsidiary is utilising Alchemy to access a 40 million tonne nickel-cobalt resource.
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