Bulls N' Bears Big Hits looks at notable drill intercepts recently reported to the ASX, led by Aldoro Resources' huge 503.98m critical metals intercept in Namibia. Pantoro Gold also jagged gold up to 189.84g/t at Norseman in WA, while Mithril struck 9.65m at 7g/t gold and 370g/t silver at Copalquin in Mexico.
Shares in Pantoro Gold fell by 20 per cent early on Tuesday, despite signaling its intent to develop a third producing underground mine at its flagship Norseman gold project.
GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.
Pantoro managing director Paul Cmrlec is confident the company’s Norseman gold project can eventually produce more than 200,000 ounces of gold per annum.
Gold miner Pantoro overcame lower than anticipated production in January at its Norseman gold project to produce 19,235 ounces of gold for the March 2024 quarter, up from 18,185oz in December 2023.
Aruma Resources appears to have landed a decent fish after nailing higher-grade rare earths drill hits and samples at its Salmon Gums project, about 200km south of the regional town of Kalgoorlie in Western Australia's Eastern Goldfields. The company says one surface sample produced the highest recorded rare earths grade to date in the emerging Esperance ionic clay region.
Mineral Resources boss Chris Ellison has labelled SQM's takeover of Azure Minerals as “dead in the water” while also shedding light on his lithium acquisition strategy.
Mineral Resources will purchase the lithium and base metal rights at Pantoro's Norseman gold project under a $60 million deal adding to its acquisitive streak.
Aruma Resources has completed the latest phase of drilling at its wholly-owned Salmon Gums gold project in Western Australia's Eastern Goldfields region, with an initial assessment of drill core showing mineralised quartz veins at the company's high-grade Thistle prospect. Assays from seven competed drilllholes have been sent for laboratory assessment and management is now eagerly awaiting the results.
Aruma Resources is chasing more gold with a multi-hole diamond drilling program at its Salmon Gums project in Western Australia following previous campaigns where the company discovered bonanza grades of up to 224 grams per tonne of gold. The project is in the same stratigraphy and 30km south of Pantoro's Scotia project, which has a mineral resource of 1 million ounces of gold.
Our board moves wrap includes Neil Rose, Glenn Whiddon, James Pearse, Peter Mullens, Sunny Loh, Kevin Maloney, Mark Maloney, Colin McIntyre, Scott Huffadine, Kyle Edwards, Gabriele Sorrento, James Allchurch, Christopher Haynes, and Joe Geagea.
Our weekly appointments wrap includes David Edwards, Laura Benger, Simon Taylor, Nathan Charles, Mark Davies, Teck Lim, Dirk Adams, Josh Robertson, Ben Bradstreet, Chris Wyhoon, Nicole Batten and Debbie Gillam.
Pantoro and Tulla Resources have announced plans for an all-scrip merger of the companies to consolidate ownership of the Norseman gold project in the state's Eastern Goldfields.
West Perth-based mining company Pantoro is negotiating with its joint venture partner Tulla Resources to acquire 100 per cent of the Norseman gold project.
Aruma Resources has more than quadrupled the greenstone belt width at its Salmon Guns gold project near Esperance to more than three kilometres and will vector in on new drill targets with an aeria
Global Lithium secured new investment from Mineral Resources, Pantoro is set to bank $45 million ahead of planned first gold production, while Westgold raised $100 million to step up output.
Mineral Resources is set to spend $3 million on lithium exploration for a potential 65 per cent stake in Pantoro and Tulla Resources' jointly owned gold project in the Norseman-Wiluna belt.
Goldminer Pantoro is a step closer to restarting operations at Norseman in Western Australia, having received the all-clear from the state's environmental authority.
West Perth-based mining company Pantoro is forging ahead with its plan to revive the Norseman Gold Project, lodging a referral for the recommencement of operations with the EPA.
Gold explorer Pantoro will use $50 million raised from a share placement to accelerate exploration activity at the company's Norseman joint venture project in the Eastern Goldfields.
Our board moves wrap includes Sarah Smith, Terry Donnelly, Mark Hancock, Tony Sage, N Baijendra Kumar, Fiona van Maanen, Michael Jefferies, Trevor Benson, Francis Lim, Hao Wen, and Wing Kee Cheng.
Gold producer Pantoro announced it has completed a processing plant options review and scoping estimate at the Norseman processing facility in Western Australia.
Pantoro has announced it missed production targets for the June quarter, just a month after fellow local gold producers Dacian Gold and Gascoyne Resources announced adverse news to investors.
Pantoro is set to acquire a 50 per cent stake in the Central Norseman gold project from Norseman Gold in a cash and scrip deal worth $45 million, and will raise $43 million via a share placement to fund the transaction.
Gold producer Pantoro has announced a capital raising for up to $15 million as the company aims to expand production at its Halls Creek operation to 80,000 ounces in 2019.
Saracen Mineral Holdings has confirmed its status as one of the state's top 10 gold miners, after the company reached record production in the 2018 financial year, while West Perth-based Pantoro's annual gold output was within guidance.
SPECIAL REPORT: Blackham Resources has overcome a number of hurdles following its transition from explorer to producer, while the state's emerging miners wrapped-up a busy 12 months.
Perth-based Bulletin Resources has sold its remaining 20 per cent stake in the Halls Creek gold project to Pantoro in an all-scrip deal worth $13.7 million.
