Litchfield Minerals Limited (ASX: LMS), a critical mineral explorer, has discovered new copper-tungsten targets at its Wolfram Hill Prospect within the Mount Doreen Exploration Licence (EL 31305) in the Northern Territory. This discovery, resulting from comprehensive Induced Polarisation (IP) surveys conducted in March 2024, marks a major milestone in the exploration of this site. The recent IP survey has identified two large and highly promising chargeability targets located to the north and south of the existing mineralised zones. These findings suggest the potential for substantial extensions of the known mineralised reef at depth and along the strike to both the…
Intra Energy Corporation Limited (ASX: IEC) has announced the discovery of significant lithium anomalies at its Maggie Hays Hill (MHH) project in Western Australia's Lake Johnston Greenstone Belt. This discovery places the company at the forefront of lithium exploration, with the potential to impact the global lithium supply chain. A recent soil sampling program revealed two major lithium anomalies, with the primary anomaly stretching over 2,500 metres in length and 300 metres in width. The secondary anomaly measures 1,300 metres by 300 metres. These anomalies are notable for their high lithium values, reaching up to 248ppm Li2O, and are associated with tantalum and caesium, elements indicative of highly prospective…
Ora Gold Limited (ASX: OAU) has announced promising initial assay results from its 2024 RC drilling program at the Crown Prince Prospect within the Garden Gully Gold Project in Western Australia. The results, particularly from the Southeastern Zone (SEZ), highlight significant high-grade gold mineralisation, marking a significant step forward in the exploration of this key growth area. The drilling campaign, initiated in early February 2024, has yielded encouraging results, including an exceptional intercept from drill hole OGGRC662 — 15 metres at 9.91g/t Au from 88 metres, with a higher-grade section of two metres at 54.17g/t Au from 100 metres. Other…
St George Mining Limited (ASX:SGQ) has announced significant developments in its exploration efforts at the Myuna Rocks Project in Western Australia's Ravensthorpe region. The project, owned by Lithium Star Pty Ltd (a joint venture between St George Mining and Amperex Technology Limited), has seen its tenure double in scale, now spanning 546 square kilometres. The newly granted Exploration Licences E74/789 and E74/790 have expanded the project's area, with the land package extending over 50 kilometres north-west along a regional greenstone corridor, starting just five kilometres north of the Mt Cattlin Lithium Mine. This corridor hosts active explorers such as Fortescue,…
The Australian government has recently announced a significant investment of up to $840 million in the Arafura rare earths project and a $230 million loan for Liontown Resources. These investments are part of the government's efforts to boost critical minerals projects and strengthen Australia's position in ethical and sustainable manufacturing of rare earths. The investment in the Arafura rare earths project aims to support the development of the Nolans Project, a rare earth mine located north of Alice Springs. The funding package includes $495 million from the Critical Minerals Facility, $200 million from the Northern Australia Infrastructure Facility (NAIF), $115…
It’s possible that a domestically-listed gold explorer, which boasts a not-too-shabby evolving flagship project in Western Australia’s Wheatbelt, may be looking to lithium to help boost its languishing market valuation. No doubt the WA-based junior is also hoping that a farm-in agreement it made back in 2022 with a fellow exploration house will garner some much-needed shareholder interest sometime in the future. When Austgold Ltd (ASX: AUC) presented at Vertical Events’ RIU Explorers Conference in February last year, its share price was around the 0.05 cents mark, giving it a market capitalisation of $105 million. By the same time this…
A West Australian junior involved in a number of exploration projects is confident it has come across an iron oxide-gold-copper (IOCG) deposit in its home state. Late last year, Miramar Resources Ltd (ASX:M2R) said that a review of historical drilling data had “potentially” revealed very significant magnetite iron opportunities at its wholly-owned Whaleshark project, which sits within the Carnarvon Basin in WA’s Ashburton region. Field work conducted in the area by Western Mining Corporation (WMC) in the 1990s whilst exploring for an IOCG intersected significant widths of magnetite-rich banded iron formation (BIF) averaging above 25 per cent iron beneath younger…
Zinc exploration and development company, Superior Lake Resources Limited, has announced the results of a Bankable Feasibility Study (BFS) for the Superior Lake Project, located approximately 200 kilometres east of Thunder Bay in the province of Ontario, Canada. The project spans an area of 175 square kilometres and consists of two deposits – Winston Lake and Pick Lake. It is owned by Ophiolite Holdings Pty Ltd, an Australian incorporated entity. Superior Lake owns 70 per cent of Ophiolite and recently announced transactions to acquire an additional interest of 15 per cent in Ophiolite. Since acquiring an interest in the project,…
Chesser Resources Limited has received first assay results from a recently completed Phase 2 Reverse Circulation (RC) drilling program at the Diamba Sud project in Senegal. Covering 53.2 square kilometres over the gold-bearing Kédougou-Kéniéba Inlier, Diamba Sud is the company’s flagship project. It consists of two blocks referred to as DS1 in the north and DS2 in the south. The Phase 1 drilling program completed earlier in 2019 successfully intersected significant gold mineralisation in fresh rock at all four target areas. The Phase 2 Drilling program within DS1 was completed in mid-July, with a total of 26 RC holes drilled for…
Rio Tinto’s Resolution Copper project in the US has achieved a major permitting milestone with the release of an independently prepared Draft Environmental Impact Statement (DEIS) for the project. The rigorous review, conducted by the US Forest Service over a six year period included broad public engagement. Resolution, one of the most significant undeveloped copper deposits in the world, started the US permitting process in 2013 and the US Forest Service has conducted a comprehensive independent review under the National Environmental Policy Act (NEPA). The publication of the DEIS triggers a further public consultation process over a 90 day period,…
Lake Resources NL (Lake) has discovered multiple lithium brines over a zone of 144 metres (from 172 – 316m) at its 100 per cent owned Cauchari Lithium Brine Project in Argentina. Lithium values from 340 to 538 mg/L were returned from multiple high flow brines with low Mg/Li ratios of 2.73.0. The brine zones and target sand horizon were intersected higher in the sequence than expected. The hole was terminated at 460m due to less permeable clay horizons from 326m, although conductive brines were intersected at 356m and 386m. Detailed sampling with a packer instrument has commenced from 387m up…
Rio Tinto will reduce the annual carbon footprint at its Kennecott Utah Copper operation, located southwest of Salt Lake City in Utah, U.S. by as much as 65 per cent by purchasing renewable energy certificates and permanently shutting its coal power plant. Kennecott’s electricity needs will now be paired with 1.5 million megawatt hours of renewable energy certificates supplied by Rocky Mountain Power, primarily sourced from its Utah allocated portfolio including wind power from Wyoming. The change will reduce the annual carbon footprint associated with the operation by over one million tonnes CO2. Rio Tinto chief executive J-S Jacques said…
Western Australian based company AVZ Minerals Limited's (AVZ) 60 per cent owned Manono deposit has been confirmed as the largest measured and indicated lithium resource in the world. The Manono Project is located approximately 500 kilometres north of Lubumbashi in the south of the Democratic Republic of Congo in central Africa. The project covers approximately 88 square kilometres and hosts lithium pegmatites with a strike length of over 13 kilometres. AVZ has announced a 41.7 per cent increase in Manono’s combined Measured and Indicated Resources, up from 189.8 Million tonnes (Mt) to 269.0 Mt. ANZ has stated that overall tonnage…
A second, larger diamond drill rig operated by Foraco Argentina SA has progressed drilling to a depth of 141 metres at Lake Resources NL (Lake)’s 100 per cent owned Cauchari Lithium Brine Project in Jujuy - a province in Argentina’s remote northwest. Located adjacent to world-class brine projects either in production or under development, the new round of drilling aims to unlock further value from the emerging project. The larger diamond drill rig is targeting a sand horizon estimated between 350-450 metres deep and is set drill to 500 metres. Two rigs are now operational at Cauchari and reporting results…
