Just over a year after acquiring the game-changing asset, Cygnus Metals (ASX: CY5) has released an impressive maiden inferred mineral resource estimate of 10.1 million tonnes at 1.04% lithium oxide (Li2O) for its Pontax project in James Bay, Canada (reports Small Caps).

There’s plenty of cash flying around for lithium explorers right now, and another has gone out to the market aiming to ratchet up the scale of its operations in Canada’s hot James Bay lithium district (reports Stockhead).

Kingsland Minerals is confident its Leliyn project in the Northern Territory is emerging as a major graphite discovery, just as nascent electric vehicle sector demand begins to ramp up (reports Stockhead).

The company which boasts it started the consolidation of the Leonora gold district is determined to maintain the momentum at its flagship mine for the next year, with the King of the Hills processing plant now operating above nameplate capacity (reports The West Australian).

As part of its effort to find additional resources to extend both the mine life and production rates at the Honeymoon uranium mine in South Australia, Boss Energy (ASX: BOE) says “highly successful” results have been reported from its drilling program at the Gould’s Dam satellite deposit (reports Small Caps).

Uranium sentiment continues to improve, which is welcome news for DevEx. But uranium isn’t the only pie that the company has its fingers in.

Reports Stockhead

Garimpeiro has long had a soft spot for the ASX junior oil and gas explorers (reports Barry FitzGerald on Stockhead).

Chalice Mining is only weeks away from releasing a scoping study for its world-class Gonneville deposit at the Julimar project, north of Perth (reports MiningNews)

“I can honestly tell you the fundamentals of the uranium market are the strongest I’ve seen in living memory,” opined Boss Energy boss Duncan Craib at a major mining investment forum on Monday (reports The Australian).

Bellevue Gold boss Darren Stralow says the company is just approaching the starting line as it gears up for first production at its flagship project north of Leinster (reports The West Australian).

New World Resources has flagged some exceptional drill targets at its Javelin copper Volcanogenic Massive Sulphide (VMS) project in Arizona, USA from a recent Induced Polarisation (IP) survey (reports Stockhead).

By Stockhead

Exxon Mobil is in talks with Tesla, Ford, Volkswagen and other automakers about supplying them with lithium as the oil giant works to build a business around the crucial battery metal, sources say (reports Bloomberg).

Rio Tinto chief executive Jakob Stausholm would like to mine lithium in Canada and is looking at possible “entries”, as US lithium major Albemarle swooped on a 6.4 per cent stake in ASX-listed Canadian lithium explorer Patriot Battery Metals (reports The Australian Financial Review).

A mix of global institutional, corporate and sophisticated investors has agreed to pump additional funds into Centaurus Metals to support advancement of the Jaguar nickel project in Brazil (reports MiningNews).

Battery Age has started summer fieldwork to identify and prioritise targets for drilling at its Falcon Lake lithium project in Ontario, Canada, with mechanical stripping now underway (reports Stockhead).

Yet another miner in search of success in Canada’s James Bay region has set its sights set on a stock market listing, with the eponymously named James Bay Minerals rattling the tin for up to $6 million as part of an initial public offering (reports The West Australian).

Chalice Mining has hit wide high-grade copper-platinum group element mineralisation roughly 900m down-plunge of its world-class Gonneville resource, north of Perth (reports MiningNews).

There is nothing quite like the steely glare of an exploration boss who says you will be talking to him again soon (reports Barry FitzGerald on Stockhead).

Boss Energy (ASX: BOE) is celebrating the arrival onsite of the first set of NIMCIX loading and elution columns for the new Ion Exchange (IX) circuit, a key milestone at its Honeymoon Uranium project in South Australia (reports Small Caps).

Exploration often gets pushed to the side when you’re a big mining developer but for advanced junior stocks, the discovery phase is where the real opportunity lies (reports Stockhead).