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Articles by Peak Resources
Castillo Copper Limited Metallurgical test-work underway by ANSTO
Castillo Copper (LSE:CCZ) Intraday Stock Chart Thursday 13 April 2023 TIDMCCZ RNS Number : 0385W Castillo Copper Limited 13 April 2023 13 April 2023 CASTILLO COPPER LIMITED ("Castillo", or the "Company") MREO focused metallurgical test-work underway by ANSTO Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, is pleased to announce that it has appointed specialist consultant, the Australian Nuclear Science and Technology...
AVZ says tin/tantalum returns will surprise at giant lithium project
As AVZ Minerals approaches the home straight of its definitive feasibility study, the lithium developer has revealed that the first phase of its heavy metals test work has yielded potentially saleable tin and tantalum concentrates from its mammoth Manono lithium project in the Democratic Republic of Congo. The company recovered a total of 63% tin at a grade of 64.1% cassiterite from first pass investigations, using its existing lithium metallurgical flow sheet.
Kingwest pushes Menzies gold resource past 200,000 ounces
facebook twitter linkedin print Kingwest Resources said its Pericles prospect has booked an 87% upgrade in total estimated resources to 79,500 ounces of contained gold which pushes the total nearer to surface resources at the Menzies Gold project to 208,300oz of gold. The indicated resource at Pericles now sits at 630,000 tonnes at 1.8g/t gold and the inferred resource is 780,000 tonnes grading 1.7g/t gold. The total combined resource at Pericles is now 1.4Mt with an average grade of 1.8g/t.
Historic records show ultra-high grade gold left behind at Menzies
It is hard to understand how the old-timers left 49.5 gram per tonne gold dirt behind at Kingwest’s Lady Shenton mine near Menzies, however that is what the recently unearthed records show from face sampling done over 100 years ago. Mines Department records from the long-abandoned mine include a 22m long drive going 49.5g/t within a 45m long section going 22.3g/t gold.
Kingwest opens treasure trove near Menzies
A trip to the Mines Department appears to have paid off in spades for Kingwest Resources who has unearthed a treasure trove of lucrative looking historical face sample results taken along underground development drives and rises at its Menzies project. The samples that were taken in 1924, returned some amazing results along the faces that averaged out at consistently high grades such as 22.3g/t gold over a 2.1m width along an actual strike length of 31m.
Flinders and BBI enter binding agreement
Cheryl Edwardes said the agreement set out a clear pathway for the Pilbara iron ore project. Photo: Attila Csaszar facebook twitter linkedin print Flinders Mines has announced the negotiation of a binding agreement with BBI Group, bringing the aspiring iron ore miner one step closer to pursuing its Pilbara iron ore project. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Flinders’ shareholders raise concerns over BBI partnership
Flinders Mines chair Neil Warburton addresses today's AGM. Photo: Gabriel Oliveira facebook twitter linkedin print Minority shareholders in aspiring iron ore miner Flinders Mines expressed frustration at today’s AGM over its proposed deal with infrastructure company BBI Group, accusing their board of trying to push through a deal without offering complete details. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Flinders’ shareholders raise concerns over BBI Group partnership
Flinders Mines chair Neil Warburton addresses today's AGM. Photo: Gabriel Oliveira facebook twitter linkedin print Minority shareholders in Flinders Mines expressed frustration at today’s AGM over the details of its deal with BBI Group, accusing the company of trying to push through a deal without offering complete details. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Big Sandy lithium clay targets expand for Hawkstone
US-focussed lithium clay developer, Hawkstone Mining, has expanded the Exploration Target for its Big Sandy project in Arizona by 23%, following new geological mapping and surface sampling in the Northern Mineralised Zone. The updated total Exploration Target for Big Sandy now sits at between 271.1 million and 483.1 million tonnes grading from 1,000 parts per million or “ppm” lithium to approximately 2,000ppm lithium.
Sheffield raises $18m to pay debts
Sheffield needs $478 million of funding to get Thunderbird into production. facebook twitter linkedin print Sheffield Resources has raised $18 million via a share placement to pay off a bridging loan facility and progress its strategic partner process for its Thunderbird mineral sands project. To read more, please Login below or Subscribe. For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Vimy Resources announces major restructure
Uranium explorer Vimy Resources has announced a major restructuring including the resignation of three directors, further cost-cutting and a focus on its base metals project. Login below or For first time subscribers, our monthly payment starts at $1 + GST for the first month. To read more, pleasebelow or Subscribe For first time subscribers, our monthly payment starts at $1 + GST for the first month.
Pilbara Minerals secures deal with POSCO
South Korean steel giant POSCO has signed a long term offtake agreement with ASX-listed lithium miner Pilbara Minerals and agreed to invest in its upcoming project in WA.
First tick for Pilgangoora expansion
A $207 million expansion to more than double the capacity of the Pilbara Minerals Pilgangoora project could get under way as early as this year, after a pre-feasibility study today gave a tick the the project. To read more, please Login or Register below
Cradle backs out of $55m takeover
Africa-focused Cradle Resources has pulled the plug on a $55 million takeover by joint venture partner Tremont Investments, on the back of proposed changes to certain Tanzanian laws. Perth-based Cradle, which owns the Panda Hill niobium project in Tanzania, said it terminated the proposed scheme of arrangement with Tremont as a result of newly proposed changes in Tanzanian law, which involve the imposition of a 1 per cent inspection fee on the value of mineral exports by the Tanzanian government.
Peak's rare earth project to cost $475m
Peak Resources has progressed its majority-owned Ngualla rare earth project in Tanzania with the release of a bankable feasibility study today, which revealed a development capex of $US356 million ($A475 million).
Lucapa in $9.1m diamond sale
Subiaco-based Lucapa Diamond Company has sold $9.1 million of alluvial diamonds from its Lulo operation in Angola, bringing its total sales from that site to more than $100 million. The latest sale was for a parcel of 1,552 carats of diamonds, and was the second such sale this year. Lucapa calculated the price received as $US4,446 per carat, which the company described as exceptional. To read more, please Login or Register below
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