Tando Resources will very soon have an upgraded resource for its SPD vanadium project in South Africa with the final drilling results now in hand (reports Stockhead).
The latest results include hits of 18m at 0.8 per cent V2O5 from surface, including 4m at 1.16 per cent V2O5 from surface and 4m at 0.94 per cent V2O5 from 14m.
Drilling returned grades of as high as 1.74 per cent from 56m.
The established SPD deposit already hosts a “foreign” resource of 513 million tonnes at 0.78 per cent vanadium pentoxide (V2O5).
Juniors who think the Australian resource sector market is a bit sick of late should count their blessings by the sounds (reports MiningNews).
According to Chalice Gold Mines managing director Alex Dorsch, the Canadian market is an order of magnitude worse.
He made the comment at Chalice's AGM in response to a shareholder querying whether the company might spin out its Quebec exploration assets into a separate Canadian-listed vehicle.
The Australian Securities Exchange clearly doesn’t see a problem with the frenetic, but clearly uninformed, trading around Rio Tinto’s rumoured copper discovery in the Pilbara (writes columnist Sean Smith in The West Australian).
If rumours of a big copper find by mining giant Rio Tinto in the East Pilbara provided the kindling, stunning drill results from London-based Greatland Gold this week lit the match (reports The West Australian).
Having talked tough at the banking royal commission, the corporate regulator may not look much further than Anton Billis if it is looking to exercise its new-found muscle (writes columnist Sean Smith in The West Australian).
Saracen Minerals boss Raleigh Finlayson is more convinced than ever that there is a lot more gold to be found in Australia after promising discoveries on the doorstep of the company's existing Carosue Dam operations (reports The Australian Financial Review).