Author: backoffice

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North Queensland Exploration Update

North Queensland Exploration Update

HIGHLIGHTS The Managing Director of Far Northern Resources , Cameron Woodrow said: “Far Northern Resources has been exploring this area for some time and it is pleasing to release some very exciting new copper and gold results which clearly show there is a much bigger picture at play at our Empire Project. We are excited...

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New High-Grade Discovery – “Pepper” Prospect: 17.52m @ 15.86g/t Gold Incl. 9.22m @ 27.89g/t

New High-Grade Discovery – “Pepper” Prospect: 17.52m @ 15.86g/t Gold Incl. 9.22m @ 27.89g/t

Highlights: “Pepper” Gold Prospect – new discovery Please Note: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assays for DGDH064...

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Funds Received from Partial Sale of Codrus Shares

Funds Received from Partial Sale of Codrus Shares

The Company ended the March 2024 quarter with ~$4m of cash and cash equivalents and following the partial sell down of its investment in Codrus, has an estimated cash position of ~$4.9m. Blackstone retains 10 million shares in Codrus and will maintain exposure to the portfolio of gold, uranium and rare earths projects. Blackstone’s Managing...

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Compelling Cobalt Copper and REE Targets Identified at Broken Hill

Compelling Cobalt Copper and REE Targets Identified at Broken Hill

Highlights Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “Rimfire is exploring throughout New South Wales for critical minerals that are associated with global decarbonisation strategies, such as scandium, PGEs, copper, and cobalt. While we remain firmly focussed on the scandium exploration program currently underway at Fifield and Avondale, we are also...

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Bonanza East 12.4m @ 33.4 g/t AuEq, including 6m @ 53.4 g/t AuEq

Bonanza East 12.4m @ 33.4 g/t AuEq, including 6m @ 53.4 g/t AuEq

Highlights Diamond drillhole ACDDH015 intersected both the Bonanza East and Fraternal Shoots. The second hole drilled, ACDDH016, was targeted to intersect near the interpreted top of the Bonanza East Shoot, approximately 120m above ACDDH015. The hole intersected 21m of moderate to strong arsenopyrite mineralisation from 68m with intermittent stibnite veining in the first six metres....

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Rights Issue and Shortfall

Rights Issue and Shortfall

As announced on 21 February 2024, eligible shareholders who participated will receive 1 fully paid ordinary share in the capital of the Company (“Share”) for every 3 Shares held, at an issue price of $0.002 per Share (pre-consolidation) (or $0.01 on a post-consolidation basis), together with 1 free attaching option to acquire a Share (“Option”)...