Shares in Kairos Minerals (KAI) are back on the boards following the company’s highly successful deal with fellow lithium explorer Global Lithium (GL1) (reports Stockhead).
Global Lithium Resources is to become a 10% shareholder in gold and lithium explorer Kairos Minerals, whose Roe Hills lithium prospect abuts Global’s Manna deposit east of Kalgoorlie (reports MiningNews).
Boss Energy (ASX: BOE) has reached a pivotal point in the restart of the Honeymoon uranium project in South Australia, with the first wellfield complete and related gypsum pond and water treatment plants nearing completion (reports Small Caps).
Plus, Lake’s problems should force re-think of lithium supply forecasts, Battery Age starts drilling and DevEx set for uranium drilling in NT.
By Barry FitzGerald
A boom it wasn’t but the past 12 months of rising interest rates and deepening global uncertainty has done surprisingly little damage to the Australian stock market, which looks like finishing the financial year next week in good shape.
By Tim Treadgold
Australia’s mineral endowment should make the resources industry one of the “spearheads” of the nation’s alliance with the US and the UK, according to former federal defence minister Kim Beazley.
By The Australian
Sunstone Metals says its T3 target at the El Palmar gold-copper project in northern Ecuador is emerging as a ‘significant’ porphyry discovery (reports Stockhead).
Centaurus Metals has acquired the offtake rights for its flagship Jaguar nickel project in Brazil from Vale (reports MiningNews).
Brazilian nickel developer Centaurus Metals (ASX: CTM) is poised for a substantial re-rating, according to new research notes released by mainstream brokers in Australia and North America (reports Stockhead).
With first production set for later this year, Bellevue is increasingly seen as a target for bigger WA producers while Goyder and Giorgetta have been soaking up OreCorp; Plus, Patriot set for maiden lithium resource.
Lithium discovery and deal news boosted investor confidence this week even as the latest twist in the global interest rate saga added a fresh layer of uncertainty.
By Tim Treadgold.
IP surveying has started over strong geochemical anomalies at New World Resources’ Javelin VMS project in Arizona to fine-tune targets ahead of maiden drilling (reports Stockhead).
92 Energy (ASX: 92E) has unveiled promising results from new exploration studies at its Clover uranium project in Canada’s world class Athabasca Basin (reports Small Caps).
The NT government has committed $92,500 to co-fund diamond drilling at the Leliyn graphite project as part of the Resources the Territory initiative (reports Stockhead).
Kingsland Minerals’ Leliyn graphite project in the Northern Territory is rapidly emerging as a major graphite discovery following the return of the first assay results (reports Stockhead).
It’s a long way from the dusty wheatbelt of WA to the forests of Canada but there is a small explorer with a plan to connect the two locations through a focus on energy transition, lithium in Canada and rare earths in WA (reports Tim Treadgold on Small Caps).
Junior explorer PolarX expects to see improved results from an in-progress scoping study for its Caribou Dome deposit in Alaska after its improved structural understanding has delivered it a substantially larger resource (reports MiningNews).
Plus, investor frenzy over Nimy’s results show lithium exploration is back in favour, which is also good news for Cygnus as it prepares for maiden lithium resource in James Bay and two brokers say buy.
Interest rate pressure continued to dominate the top end of the stock market this week, along with recession speculation and China’s economic slowdown, but in the lower reaches sentiment was saved by solid exploration and discovery news.
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