The market is still coming to grips with the size of this find and potential for a major resource.
By Kristie Batten.
This week saw the ASX gain a new copper miner – and it wasn’t high-profile Cobar owner Metals Acquisition.
By Kristie Batten
As M&A fever ramps up in the gold space, this successful explorer is increasingly seen as a potential player in the consolidation game.
Spartan Resources’ deepest assay to date – 16.65m @ 10.29g/t gold from a downhole depth of 625.83m – has proved the mineralisation at its Never Never deposit maintains good widths and grades at depth (reports Stockhead).
Uranium specialist Boss Energy (ASX: BOE) has continued its strong start to 2024 with promising new results from drilling at the Jason’s deposit near its Honeymoon mine in South Australia (reports Small Caps).
With Kingsland Minerals committed to advancing the potential of its world-class Leliyn graphite project, the company is undertaking a strategic review of its Cleo uranium project near Pine Creek in the NT (reports Stockhead).
Shares in Mark Creasy’s CZR Resources have been catapulted after it shook hands with an iron ore-hungry Chinese businessman to sell its 85 per cent stake in its flagship project for $102 million (reports The West Australian).
Chalice Mining chief executive Alex Dorsch claimed short-selling of critical minerals stocks should be banned “in the national interest” to ensure “geopolitical opponents” cannot hold back the development of Australian mines.
Kin Mining has accepted an offer from its gold-producing neighbour, to sell around one-third of resources at the Cardinia project at Leonora, in Western Australia to fund more expansive exploration along its emerging Eastern Corridor trends (reports MiningNews).
On target to commence imminent maiden uranium production at the Honeymoon mine in South Australia, Boss Energy (ASX: BOE) has added another string to its bow with the signing of an agreement to acquire an interest in the rich Alta Mesa in-situ recovery (ISR) project in South Texas (reports Small Caps).
Boss Energy (ASX: BOE) has reached another milestone in its re-development of the historic Honeymoon mine in South Australia with the generation of production-grade uranium during pre-flushing of the start-up wells (reports Small Caps).
It has been a horror year for Chalice Mining. Its market cap has been smashed from its April high of A$3 billion to $620 million (reports Barry FitzGerald on MiningNews).
James Bay Minerals: Ticking boxes just eight weeks after listing
As one of the ASX’s newest explorers, James Bay Minerals (ASX: JBY) is wasting no time in its aim to create a multi-asset Canadian lithium business.
By Kristie Batten, Mining Commentator
The Resources Rising Stars Summer Series returns this November with one-day conferences on 14 November at the Four Seasons Hotel in Sydney and on 16 November at The Ritz-Carlton in Melbourne (reports Stockhead).
Samples from the 560m-long Warhawk pegmatite at James Bay Minerals’ Aero tenure have returned lithium concentrations containing spodumene crystals, confirming its prospectivity (reports Stockhead).
More significant intersections of total graphitic carbon (TGC) have been received at the Leliyn graphite project in the Northern Territory, laying the foundations for a resource in the 2024 March quarter (reports Stockhead).
Develop Global’s all-scrip takeover of Essential Metals has been waved through by shareholders in a deal likely to be valued at about $150 million (reports The West Australian).
Sunstone Metals (ASX: STM) has continued to highlight the substantial potential ofits Limon epithermal discovery in southern Ecuador with the receipt of further high-grade gold-silver assays (reports Small Caps).
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