Brazilian resource group Centaurus Metals (ASX: CTM) has struck a joint venture with one of the world’s leading nickel-cobalt mineral development groups which “completely de-risks” the exploration and evaluation phases of its Itapitanga discovery in Brazil, according to prominent Sydney resource analyst Gavin Wendt.
Writing in his Minelife newsletter, Wendt says the deal, with Simulus Group, also underlines the quality of the Itapitanga asset.
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).
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).