Dacian Gold said it would be delisted from the ASX next Monday now Genesis Minerals’ off-market takeover offer has moved to the compulsory acquisition stage (reports The West Australian).
Already credited with driving Spartan Resources’ transformation, the high-grade Never Never deposit looks poised to deliver the next phase of growth after drilling returned a monstrous 1,093g/t intercept and more visible gold (reports Stockhead).
James Bay Minerals has now mapped out three lithium-rich peggies across a 2.5km stretch at its Canadian Aero property, associated with a “prominent green mineral” (reports Stockhead).
Critical Resources (ASX: CRR) has confirmed the potential of the Swell Zone at its Mavis Lake lithium project in Ontario, Canada, with further outstanding assay results extending the discovery’s strike zone to over one kilometre (reports Small Caps).
Kingsland has hit its thickest intersection to date at the Leliyn graphite project — 285m at 6.1% TGC — further demonstrating the massive scale potential ahead of a maiden resource in Q1 2024 (reports Stockhead).
The Darlot underground gold mine in the northern Goldfields is set up to continue pumping out the ounces as it feeds the King of the Hills processing plant, Red 5 says (reports The West Australian).
Boss Energy (ASX: BOE) is pursuing an increase in the resource base at its flagship Honeymoon uranium project in South Australia with the start of infill and scout drilling at the Jason’s satellite deposit, located to the project’s north (reports Small Caps).
By Kristie Batten, Mining Commentator
Plus, Buxton-IGO nickel hit augurs well for neighbour Stavely, gold poised for Santa rally and Sunstone exploration target points to big open pit.
By Barry FitzGerald.
It’s not Christmas yet but there were hints this week of early presents for investors, including a dramatic improvement in Australia’s relationship with China, and signs that interest rates are peaking, or have peaked.
By Tim Treadgold.
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