Category: investingnews

HIGHLIGHTS The Daydream-2 well has now been successfully stimulated in six separate zones – the Lorelle Sandstone (which as per ASX announcement dated 16 August 2024 has recently successfully flowed gas); three sandstones above this; and, two coal zones. The stimulation program involved the application of various novel methods – including some that Elixir understands...

Highlights ‘In May 2024, using Mandrake’s Utah Lithium Project brines, Electroflow achieved outstanding repeatable lithium recoveries of 92% and conversion to lithium hydroxide with no chemical pre-treatment. Mandrake will now be trucking a large quantity of Utah Lithium Project brine to Electroflow’s pilot plant which will provide important information on recovery and purity of lithium...

HIGHLIGHTS Surface mapping, sampling and RC drilling completed by previous explorers identified and returned high-grade manganese results from multiple prospects across the Fig Tree tenement which is located 35km south of the Woodie Woodie operations. The IP results have generated a number of targets that require infill geophysical surveys prior to drill testing. Black Canyon’s...

HIGHLIGHTS As advised to the market on 20 June 2024, Elixir was appointed as Preferred Tenderer for a new exploration area (PLR2023-1-7) in Queensland located adjacent to its existing ATP 2044 licence (see map below). This tender block has now been formally awarded to Elixir as ATP 2077. The licence has an initial term of...

According to Charger, the offer from Core values the company at AU$0.084 per share, or AU$6.5 million, which equates to a 23 percent premium on Charger’s closing share price last Friday (August 16). The company’s board believes the offer doesn’t “fully reflect the Company’s value and prospects,” but is willing to keep engaging with Core...

The Whim Creek DFS (and leaching study) have demonstrated the opportunity for an eight-year mining operation producing copper concentrates, cathodes and valuable byproducts. The operation will generate $410 million in cash flow and deliver an NPV of $270 million with a development capex of $71 million. Whim Creek, located 120 km from both Port Headland...

Highlights Astral Resources’ Managing Director Marc Ducler said: “We had already considered this 26-hole drill program to be the most successful program completed to date at Kamperman, and when you include these final three holes – we are now certain of it! “These latest results strengthen our geological interpretation of a broad, 30-metre-wide zone of...

The asset is expected to become the largest mine in the Philippines upon its projected startup in 2026. The Sy family, a prominent economic force in the Philippines, is the Tampakan project’s majority shareholder. The family controls a significant portion of mining assets through its conglomerate, SM Investments. It also holds a minority stake in...

Uranium-focused Ilala Metals is looking to raise AU$5 million via an initial public offering (IPO). Proceeds will mainly go toward exploration and initial drilling at Ilala’s Botswana-based Serule uranium project. The company has completed 1,062 metres of drilling at Serule, with grade-confirming analysis planned after the IPO. “We’ve already drilled eight holes on the fence...

Key Points Background TEM holds more than 1,000km2 1 of highly prospective tenure in the Yalgoo Region of Western Australia 2. TEM previously announced the presence of large-scale copper zinc anomalies at the Remorse Target based on geology, geochemistry and geophysics that it is progressing towards drilling 3, 4, 5 and that sampling of a...