Mastodawn

Southern Hemisphere Mining uncovers new large-scale copper target at Llahui... - published 22 Apr 2025 #Mining #Gold #ASX #Drilling #price
https://grafa.com/news/mining-southern-hemisphere-mining-uncovers-new-large-scale-copper-target-at-llahuin-project-425026?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=425026

Southern Hemisphere Mining uncovers new large-scale copper target at Llahuin Project

Southern Hemisphere Mining (ASX:SUH) has unveiled a new large-scale copper target at its Llahuin Copper-Gold Project in Chile, following results from a recently completed magneto-telluric geophysical survey. The newly identified Ferro West Copper target, located west of the existing Ferro copper deposit, features a low resistivity anomaly measuring approximately 500m in diameter and extending to a depth of 500m. Surface mapping has also confirmed the presence of copper oxides in the area, including black copperwad, a mineral previously associated with copper discoveries at the nearby Ferro South zone. The MT survey results suggest deep zones of moderate to low resistivity, an indication potentially consistent with the presence of conductive metallic sulphide mineralisation. The geological mapping program also uncovered unmapped copper oxides at surface, further validating the subsurface resistivity anomaly. Testing of the Ferro West target will initially require approximately six drill holes. One historical reverse circulation drill hole from 2011-2012, which intersected low-grade copper, may be re-entered and deepened with diamond core drilling to optimise time and cost. The Ferro West Copper target adds to the Southern Hemisphere's growing pipeline at Llahuin, including the recently announced Curiosity Copper target. Drilling quotes for both targets are currently being sourced from contractors capable of executing deep drilling operations up to 2km. At the time of reporting, Southern Hemisphere Mining's share price was $0.037.

Grafa

ASX News in English 2h ago

Chilwa Minerals hits highest-grade zones tet at Mposa North deposit - published 22 Apr 2025 #Mining #ASX #Drilling #price #SEC
https://grafa.com/news/mining-chilwa-minerals-hits-highest-grade-zones-tet-at-mposa-north-deposit-425020?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=425020

Chilwa Minerals hits highest-grade zones tet at Mposa North deposit

Chilwa Minerals (ASX:CHW) reported its best mineralised zones to date from the latest sonic drilling campaign at the Mposa North deposit, part of the Chilwa Critical Minerals Project in southern Malawi. The company received new assay results from 194 sonic drill holes totalling 1,711m, revealing exceptionally high-grade heavy mineral sands intersections. Results include 6.6m at 12.1% THM from surface (including 1.15m at 31.4% THM), 6.0m at 15.2% THM (including 2m at 33.6% THM), 5.6m at 18.9% THM (including 2.5m at 31.1% THM), and 5.0m at 19.2% THM (including 2.4m at 27.1% THM), among others. The assays, from the northeastern extensions of the Mposa deposit, significantly exceed the current average grade of 4.3% THM and suggest strong grade uplift potential for the Mposa North zone, which previously held an inferred grade of only 1.9% THM. According to Managing Director Cadell Buss, these intersections represent some of the most mineralised zones identified at Mposa and will likely enhance the resource estimate, with final assay results (batch 7) due shortly from a new lab in Pretoria. Sonic drilling at Mposa has now covered 8km of strike with 821 holes drilled for 7,073 metres, and results have been received for 7.7km. Following the completion of work at Mposa, sonic rigs have been relocated to the Mpyupyu and Bimbi deposits, where drilling is progressing. Chilwa expects to complete drilling, receive outstanding assays, and finalise updated mineral resource estimates for Mpyupyu, Bimbi, and Mposa by the end of the June quarter. At the time of reporting, Chilwa Minerals' share price was $0.70.

Grafa

ASX News in English 3h ago

E79 Gold secures 100% of Mountain Home Project with reduced royalty terms - published 22 Apr 2025 #Mining #Gold #ASX #Drilling #price
https://grafa.com/news/mining-e79-gold-secures-100--of-mountain-home-project-with-reduced-royalty-terms-425009?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=425009

E79 Gold secures 100% of Mountain Home Project with reduced royalty terms

E79 Gold Mines (ASX:E79) has exercised its option to acquire 100% ownership of the Mountain Home Copper-Gold-Bismuth Project (EL32470) in the Northern Territory from NT Minerals (ASX:NTM). As part of the early option exercise, the net smelter royalty has been reduced from 2% to 1%, and the royalty cap lowered from $3 million to $1.5 million. Additionally, E79 Gold retains the right to purchase the net smelter royalty at any time for $1 million. The Mountain Home Project lies within the highly prospective McArthur Basin and includes rock chip samples returning up to 45.5% copper, 11.75 g/t gold, and 9.09% bismuth. Preparatory work is ongoing through the wet season, with the AAPA heritage licence now accepted and a heritage survey pending. Drilling is scheduled to commence in the 2025 dry season. CEO Ned Summerhayes stated that the early acquisition secures the long-term potential of the project and enhances its economic viability. At the time of reporting, E79 Gold Mines' share price was $0.033.

Grafa

ASX News in English 3h ago

Prospech lifts Korsnäs REE resource by 90% - published 22 Apr 2025 #Mining #ASX #Drilling #DeFi #RareEarths
https://grafa.com/news/mining-prospech-lifts-korsn-s-ree-resource-by-90--425004?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=425004

Prospech lifts Korsnäs REE resource by 90%

Prospech (ASX:PRS) announced a 90% increase in the inferred mineral resource estimate for its Korsnäs Rare Earth Elements Project in Finland. The updated MRE now stands at 13.5 million tonnes at 1.02% total rare earth oxides, using a 0.5% TREO cut-off grade. This growth reflects data from Prospech's 2024 drilling campaign and assays of preserved historical drill cores dating back to the 1950s–70s. Key drivers of the updated estimate include an enhanced geological model, an expanded assay dataset, and improved bulk density measurement (2.77 t/m³, up from 2.70). An additional Exploration Target of 9–11 million tonnes grading 0.9–1.1% TREO has been defined adjacent to the current resource area. Though conceptual, this target signals further upside potential pending additional exploration. The Korsnäs project benefits from robust infrastructure and municipal support, with historical mining infrastructure and proximity to ports and roads. Ongoing work includes targeted drilling, metallurgical testing under the EU-funded REMHub initiative, and resource conversion efforts. Prospech is also assessing low-cost feed from existing tailings and concentrate stockpiles. Prospech Managing Director Jason Beckton emphasised the significance of the updated MRE in securing EU-based REE supply.

Grafa

ASX News in English 4h ago

Akora Resources secures key tenement tenewal at Bekisopa Iron Ore Project - published 22 Apr 2025 #tax #government #Mining #ASX #Drilling
https://grafa.com/news/mining-akora-resources-secures-key-tenement-tenewal-at-bekisopa-iron-ore-project-425000?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=425000

Akora Resources secures key tenement tenewal at Bekisopa Iron Ore Project

Akora Resources (ASX:AKO) has secured the renewal of its main exploration tenement, PR10430, at the Bekisopa Iron Ore Project, following formal confirmation from the Bureau du Cadastre Minier de Madagascar. This tenement, which hosts Akora's JORC-compliant resources and reserves, underpins the company's recently released pre-feasibility study for a 2 million tonnes per annum high-grade direct shipping ore operation. Marking a major milestone for both the company and Madagascar's mining sector, PR10430 is the first tenement to be renewed under the country's updated mining code and new mining implementation procedures, developed with support from the World Bank. The renewed framework ends a prolonged freeze on renewals and signals the government’s commitment to revitalising exploration and mining activities. The company’s PFS estimates a Stage 1 DSO operation with a pre-tax NPV10 of US$147 million ($233 million) and an internal rate of return of 86%. The bulk of initial mining and drilling activities are located within PR10430, making its renewal pivotal to the project's progress. The next steps for AKORA include completing the requirements to transform PR10430 into an exploitation (mining) permit and advancing discussions with the Mines Ministry.

Grafa

ASX News in English 4h ago

Errawarra Resources fast-tracks exploration at Elizabeth Hill Project - published 22 Apr 2025 #Mining #Australia #ASX #Drilling #price
https://grafa.com/news/mining-errawarra-resources-fast-tracks-exploration-at-elizabeth-hill-project-424999?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=424999

Errawarra Resources fast-tracks exploration at Elizabeth Hill Project

Errawarra Resources (ASX:ERW) announced rapid progress in advancing exploration activities at its Elizabeth Hill Silver Project in Western Australia, with inaugural drilling expected to commence within approximately six weeks. The company is finalising high-priority drill targets near the historic Elizabeth Hill Silver deposit. Discussions with drilling contractors are well advanced, and a contract award is imminent. Fieldwork continues on-site, including systematic soil sampling and geological mapping of both near-mine and distal targets. Initial soil samples are ready for dispatch to the laboratory, with assay results expected within five to six weeks. A site visit by Errawarra's geological partner, ERM, is planned to validate drill targets and provide oversight on sampling and mapping activities. Significant strides have also been made towards finalising the company’s strategic transaction. Errawarra raised $3 million, with $631,000 received and the balance held in trust. A general meeting is scheduled for May 19 to approve the transaction, with due diligence nearing completion. Post-approval, the company will rebrand as West Coast Silver, aligning its identity with its sharpened focus on the Elizabeth Hill Silver Project. Elizabeth Hill is recognised as one of Australia's high-grade silver projects, having historically produced 1.2 million ounces of silver from just 16,830 tonnes of ore at an average grade of 2,194 g/t. The deposit remains open at depth, and the recent consolidation of a 180km2 land package positions the company for near-mine and regional exploration upside. At the time of reporting, Errawarra Resources' share price was $0.058.

Grafa

ASX News in English 4h ago

Resouro Strategic Metals hits high-grade titanium and REE at Tiros North Bl... - published 22 Apr 2025 #Mining #Metals #ASX #Drilling #price
https://grafa.com/news/mining-resouro-strategic-metals-hits-high-grade-titanium-and-ree-at-tiros-north-block-project-424995?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=424995

Resouro Strategic Metals hits high-grade titanium and REE at Tiros North Block Project

Resouro Strategic Metals (ASX:RAU) recorded high-grade assay results from 21 auger drill holes totalling 206m at the North Block of its Tiros Titanium and Rare Earth Elements Project in Minas Gerais, Brazil. Results include 1m at 25.6% TiO₂ and 12,138 ppm TREO from 19m in hole FT-28 and 1m at 22% TiO₂ and 18,827ppm TREO from 8m in hole FT-32. Near-surface highlights also include 7m at 23.4% TiO₂ and 8,149ppm TREO from 5m in hole FT-29, among others. These results underscore the high-grade potential of the North Block, complementing the previously reported 1.4 billion tonnes of measured and indicated resource at the Central Block, which includes 165 Mt of TiO₂ and 5.5 Mt of TREO. An additional 500 million tonnes of inferred resource hosts 60 Mt of TiO₂ and 1.85 Mt of TREO. The current drilling campaign at the North Block targets areas outside the Central Block, focusing on zones where mineralisation is exposed or lies beneath minimal overburden. Assays from 18 more auger holes (180m) are pending at ALS laboratory in Vespasiano, Minas Gerais. Resouro plans to release a resource statement and mine plan to support a forthcoming scoping study and trial mining license application. The study aims to generate bulk samples of high-grade, near-surface material for testing by potential offtake partners. Environmental impact studies are also underway, as the company continues exploration in the São Gotardo, North, and Campos Altos blocks. At the time of reporting, Resouro Strategic Metals' share price was $0.22.

Grafa

ASX News in English 5h ago

Native Mineral Resources hits high-grade gold at Blackjack Project - published 22 Apr 2025 #Mining #Gold #Strategy #ASX #Drilling
https://grafa.com/news/mining-native-mineral-resources-hits-high-grade-gold-at-blackjack-project-424993?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=424993

Native Mineral Resources hits high-grade gold at Blackjack Project

Native Mineral Resources (ASX:NMR) announced strong initial assay results from the first three reverse circulation holes of its 46-hole resource definition drilling program at the Blackjack South pit, part of the Blackjack Gold Project in northern Queensland. The standout result came from hole BJRC_244, which returned a high-grade intercept of 13m at 3.06g/t Au from 62m, including 1m at 18.62g/t Au from 71m. Additional intercepts from the same hole included 1m at 3.44g/t Au from 52m, and 4m at 6.62g/t Au from 71m. Hole BJRC_245 returned 4m at 1.20g/t Au from 76m and appears to have ended in mineralisation. The company is considering extending this hole to test for deeper gold mineralisation. The drilling is focused on defining mineralisation at depth beneath the historically mined Blackjack South pit and has already confirmed mineralisation is present deeper than previously understood. Results also support continuity with earlier diamond drilling, including BJD203, which intersected 4m at 1.26g/t Au from 36m. To date, 25 holes totalling 1,676m have been completed in the 46-hole reverse circulation program. Further results are expected by the end of April. The drilling, just 100m from the Blackjack processing plant currently under refurbishment, will inform a revised mineral resource estimate and support mine planning. Native Mineral Resources is advancing the refurbishment of its Charters Towers processing plant and remains focused on executing its growth strategy in the coming months. At the time of reporting, Native Mineral Resources' share price was $0.15.

Grafa

ASX News in English 5h ago

Sayona Mining confirms high-grade lithium potential at Québec’s NAL Project - published 22 Apr 2025 #Mining #live #ASX #Drilling #Lithium
https://grafa.com/news/mining-sayona-mining-confirms-high-grade-lithium-potential-at-qu-bec-s-nal-project-424988?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=424988

Sayona Mining confirms high-grade lithium potential at Québec’s NAL Project

Sayona Mining (ASX:SYA) announced the final results of its 2024 drilling campaign at the North American Lithium operation in Québec, confirming the project's large-scale, high-grade lithium potential. The program, conducted in partnership with Piedmont Lithium (Sayona 75%; Piedmont 25%), comprised 36 drill holes totalling 16,601.80m and delivered several intercepts across key exploration zones. Highlights from the Northeast area include a standout intercept of 35m at 1.45% Li₂O from drillhole LAN-24-280, and 16.40m at 1.51% Li₂O from LAN-24-271. In the North-West Extension, new pegmatite discoveries featured high-grade intercepts such as 15.20m @ 1.75% Li₂O (LAN-24-234) and 18.10m @ 1.74% Li₂O (LAN-24-279), suggesting the mineralisation could extend up to 400m further northwest. Sayona confirmed that all assay results from the campaign have now been validated, providing strong support for expanding the resource base and potentially upgrading inferred resources to the indicated category. Drilling also identified multiple new pegmatite dykes in the Southeast and South Areas, including near-surface mineralisation. "These reaffirm NAL's position as a premier lithium asset in North America. The discovery of new high-grade mineralisation in both the Northeast and Northwest extensions strengthens our confidence in NAL's future resource growth and operational expansion potential," said Sayona CEO Lucas Dow. Sayona is now focused on incorporating the data into an updated mineral resource estimate, advancing a scoping study for a potential brownfields expansion, and refining mine planning strategies. Further exploration drilling is also planned to continue expanding the resource footprint. Located approximately 60km north of Val-d'Or and 38km southeast of Amos, the NAL site benefits from year-round road access and close proximity to experienced mining communities, offering strategic advantages for future development. At the time of reporting, Sayona Mining's share price was $0.017.

Grafa

ASX News in English 6h ago

Power Minerals launches exploration at Santa Anna Niobium Project - published 22 Apr 2025 #Mining #Metals #ASX #Drilling #price
https://grafa.com/news/mining-power-minerals-launches-exploration-at-santa-anna-niobium-project-424971?utm_source=asx_news_en&utm_medium=mastodon&utm_campaign=424971

Power Minerals launches exploration at Santa Anna Niobium Project

Power Minerals (ASX:PNN) has commenced exploration activities at the Santa Anna Niobium Carbonatite Project, located in Goiás State, Brazil. The company has signed a binding letter of intent for an option to acquire the project and is currently conducting due diligence. Santa Anna, known for its high-grade niobium mineralisation, has also shown potential for rare earth elements. Drilling results from previous exploration have revealed REE mineralisation, with intersections such as 14.95m at 12,434ppm TREO, including 1m at 35,473ppm TREO. As part of its due diligence, Power has identified drill holes containing REE mineralisation from surface to end-of-hole depth. The company plans to conduct further drilling to define an exploration target and potentially a JORC-compliant mineral resource estimate. If the acquisition is completed, the Santa Anna project will enhance Power's portfolio of critical minerals assets and position the company as a key player in South America's clean energy metals sector. At the time of reporting, Power Minerals' share price was $0.0070.

Grafa