Bulls N' Bears Big Hits this week examines some recent notable drilling intercepts revealed on the ASX, including Encounter Resources' high-grade niobium hit at its Joyce project in WA's West Arunta region. Other interesting drill hits were reported by Nimy Resources, at its Mons gallium project, and Hyterra Limited landed a helium hit at its Nemaha gas field project in the US state of Kansas.
Critical minerals miner IGO has taken up a majority stake in a copper project in northern Western Australia after pouring $15 million into exploration.
Mineral exploration company Encounter Resources plans to raise $18 million to accelerate activities at its copper and rare earth element interests in both WA and Northern Territory.
Lycaon Resources is a step closer to launching a maiden drill campaign at its fully-owned Stansmore polymetallic play in Western Australia's prospective West Arunta region after locking in a drilling contractor for the work. The company has appointed Subiaco-based Topdrill just a day after confirming final heritage and works permit approvals, paving the way for it to begin drilling early next month.
Lycaon Resources has secured its final heritage and program of works approvals to clear the way for drilling at its multi-element Stansmore carbonatite project in Western Australia's West Arunta region. The heritage clearance survey, which was completed in July, relates to the company's three priority Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold.
Lycaon Resources' share price has surged 31 per cent to 31.5c on significant trading volume after it secured the crucial heritage clearance that will enable a maiden drilling campaign at its Stansmore niobium-rare earths project in Western Australia's West Arunta region. The company will use a $180,000 exploration incentive scheme grant from the WA Government to fund the program.
Lycaon Resources has completed a crucial heritage survey for its multi-element Stansmore carbonatite project in Western Australia's West Arunta region, marking a significant step towards drilling. The clearance relates to three priority drill targets at the company's Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold and it is now eyeing a drilling program later this year.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Encounter Resources' 46m at 3.1 per cent niobium pentoxide from 60m to hole end at 106m. We also take a close look at other interesting drill hits from last week as reported by Future Battery Minerals, Riversgold and Spartan Resources.
Lycaon Resources has won a tenement ballot for a highly-prospective new lithium and copper project in Western Australia's Pilbara region. The tenement, in addition to four other applications, lies adjacent to the Marble Bar and DOM's Hill projects that are held in a joint venture by Kali Metals and lithium major Sociedad Química y Minera de Chile (SQM).
This week's Bulls N' Bears Runner of the Week is … InteliCare Holdings. Its shares jumped 144 per cent on the back of a $2 million capital raise to kickstart key commercial agreements for its AI-driven platform aimed at enabling the elderly to stay in their homes for longer. Other ASX movers and shakers were Encounter Resources, Vonex and Actinogen Medical.
Shares in Encounter Resources close trade on Monday up 80 per cent to 62 cents, following positive initial aircore drilling results at its Aileron project.
The door has been kicked open for Lycaon Resources to start exploring its Stansmore niobium-rare earths project in Western Australia's West Arunta region after it secured consent from Mines Minister, David Michael. The company says the approval will allow it to start exploration programs, including heritage and gravity surveys and drilling campaigns, on a site designated for the use and benefit of its Aboriginal inhabitants.
Lycaon Resources has secured a crucial tick of approval from WA's Aboriginal Affairs Minister to kick off exploration at its Stansmore project in the West Arunta region – near WA1 Resources' notable niobium discovery. The highly-coveted mining entry permit paves the way for the company to land boots on ground, with a heritage survey planned before it plunges the drill bit into alluring magnetic anomalies.
Encounter Resources has announced it will raise $10.5 million in a bid to enhance drilling activities at its Aileron project, in Western Australia's West Arunta region.
BMG Resources has applied for two additional exploration licences adjoining its granted Dragon project in Western Australia's West Arunta region – an emerging world-class niobium-rare earths district. It says data reviews have identified several areas where strong magnetic features are located next to major faults, which can be interpreted as being highly-prospective for potential carbonatites and represents priority niobium-rare earths exploration targets.
MTM Critical Metals plans to speed up exploration of its newly acquired West Arunta and Mukinbudin Niobium-REE projects, after raising $5 million from investors.
Lycaon Resources has struck a key land agreement with traditional owners, allowing it to start exploring for niobium and rare earths in highly-prospective carbonatites at West Arunta in far north-eastern Western Australia. The land access agreement with the Parna Ngururrpa people is the final hurdle before the company plunges the drillbit for the first time into tantalising magnetic anomalies within its tenements.
Mineral exploration company Encounter Resources has tapped investors for $10 million to advance exploration activities at its West Australian and Northern Territory projects.
BHP could invest up to $25 million to secure a majority stake in Encounter Resources' developing Elliott copper project after the junior upped its tenure in the area.
BHP could spend up to $22 million exploring Encounter Resources' Elliott copper project in the Northern Territory, having finalised a joint venture arrangement.
Perth-based Encounter Resources, Predictive Discovery and Trek Metals have each launched capital raisings, with the proceeds to go towards gold projects in Australia and Guinea.
Encounter Resources has formed a joint venture with mining giant BHP, which will spend up to $22 million to explore the Elliott copper project in the Northern Territory.
Encounter Resources announced today that mid-tier miner IGO plans to build on their existing partnership by entering a farm-in and joint venture deal in the Paterson Province in the Pilbara.
Our daily board moves wrap includes Mark Calderwood, Mark Turner, Ed Mason, Philip Crutchfield, Peter Mullens, Hans Mende, Brian Beem, and Gregg Taylor.
NTM Gold is set to raise up to $3.9 million, while Encounter Resources has raised $1.4 million, as the two juniors seek to advance their exploration projects.
Two local junior explorers have announced capital raisings, with Arafura Resources to launch a $3 million share purchase plan and Encounter Resources receiving a $1.8 million investment from Peter Bradford-led Independence Group.
West Perth-based Encounter Resources has tapped investors for $3.4 million to fund ongoing exploration at its gold projects in the eastern Pilbara region.
Talisman Mining, Evolution Mining and Kalgoorlie Consolidated Gold Mines are among a number of miners to win state government exploration grants, with gold, nickel and copper the most popular commodities targeted.
Local explorers Encounter Resources, Horseshoe Metals and RNI have announced plans to raise a combined $9.8 million to fund ongoing work at their respective projects.
Encounter Resources shares dropped today after the announcement that Antofagasta Minerals Perth had withdrawn from the from its previous Yeneena copper project $US20 million farm-in agreement.
West Perth-based Avoca Resources Ltd's joint venture partner Encounter Resources Ltd has lodged a prospectus to raise $ 4 million to be used to further develop the two companies joint venture arrangement for the exploration of uranium deposits in WA.
