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.
Excitement over the prospectivity of the Paterson province in the East Pilbara has kicked up another gear after a London-based explorer announced an eye-watering drill intersection from its ground about 40km east of Telfer (reports The West Australian).
Rio Tinto’s rumoured copper discovery in a remote corner of Western Australia could trigger a fresh exploration rush and rewrite global geological opinion about the state’s exploration potential (reports The Australian).
Lithium producer Pilbara Minerals says the willingness of customers to stump up finance for the $231 million expansion of its Pilgangoora mine underscores the strong medium and long-term fundamentals of the sector (reports The Australian).
After a transformational period, in which Red 5 has gone from a troubled Filipino gold player to a mid-tier Aussie gold producer, managing director Mark Williams told the annual general meeting that the company had two mines keeping its mill fed and funding the revitalisation of two giants of Western Australia’s Goldfields (reports MiningNews).
It's been around 12 months since the company secured the Darlot mine, which has just passed 30 years of continuous production, and the mothballed King of the Hills open-pit to the south.
Spitfire Materials (ASX: SPI), which is about to change its name Bardoc Gold Limited, now has the combined asset base, team, corporate backing and shareholder support to fast-track development of its newly-consolidated 2.6Moz gold project in WA, according to veteran resource analyst Gavin Wendt.
Writing in his widely-circulated Minelife Resource Bulletin, Wendt says the company has undergone a “major corporate rejuvenation” following the appointment of former key Pilbara Minerals (ASX: PLS) executives Neil Biddle and John Young last year.
Strategic metals developer TNG (ASX: TNG) has secured the mineral leases for its wholly-owned flagship Mount Peake vanadium-titanium-iron project in the Northern Territory, with this latest milestone clearing the way for the company to pursue project development financing (reports the Small Caps investor news service).
The mineral leases cover where the Mount Peake open pit mine will be located, as well as associated infrastructure including processing plant, camp site and rail loading facilities, Small Caps reports.