News Articles for Solara Minerals

Solara Minerals now has boots on the ground and is soil sampling at its newest Wilgeena gold project in Western Australia's burgeoning Murchison gold region. The company says it is targeting gold anomalism within its Peak Hill schists, host to its neighbouring 114,000-ounce Hermes South deposit as Solara looks to join the regions gold resurgence.

Solara Minerals' Wilgeena gold project, 15km from Westgold's 481,000-ounce Peak Hill and Catalyst's 243,000-ounce Hermes deposits in WA's Murchison region, reveals significant gold potential. Historical shallow drilling hit high-grade intercepts including 5m at 1.98g/t gold, with minimal follow-up. Solara plans to test multiple gold and copper targets near key structural trends to leverage the data to unlock value in one of the state's most productive goldfields.

Solara Minerals' moving loop geophysical survey at DeGrussa West, 17km from Sandfire's famed DeGrussa copper-gold mine, has defined two large north-dipping conductive plates with strong gold and copper potential. Coinciding with magnetic anomalies and favourable structural features, these high-priority targets are set for drilling, with permits approved, following the company's recent acquisition of OD4 Tom Price.

Solara Minerals has secured 310 square kilometres of exploration licences in the Bryah Basin near the DeGrussa and Peak Hill mines in one of WA's proven and prospective copper and gold districts after acquiring licensee OD4 Tom Price for $130,000 cash and 1.25 million shares. High-priority conductors at the key DeGrussa West and Wilgeena projects have not yet been tested.

Solara Minerals has moved to acquire a series of gold-copper tenements near Meekatharra from private hands, in an all-scrip deal which gives it a landholding in an active development region.

The Western Australian Indigenous Tourism Operators Council (WAITOC) has announced the appointment of Neville Poelina as the new WA state representative on the WAITOC board.

Former Azure Minerals boss Anthony 'Tony' Rovira will step up to be an executive director at Perth-based Solara Minerals.

Lycaon Resources recently completed scout drillhole at its Stansmore target in WA to test a magnetic anomaly has intercepted 1m at 425ppm combined niobium, neodymium and praseodymium and 217ppm yttrium and ytterbium from 302m. The zone is associated with up to 12 per cent sulphides and weakly elevated multi-element geochemistry within a mafic intrusive with trace sulphides in fresh rock below 80m depth.

Shares in a junior explorer linked to former Azure Minerals boss Tony Rovira soared 48 per cent on no news this morning, before the company entered a trading halt pending exploration results.

This week's Bulls N' Bears Runner of the Week is… 5E Advanced Materials, up 86 per cent following a booming price for its dual listed shares on Nasdaq and as it focuses on becoming a vertically integrated and global boron producer. On home turf, Lycaon Resources also stunned the market with a coup of epic proportions landing industry veteran, Tony Rovira, who has joined the company's ranks as a non-executive director.

Lycaon Resources shares soared 66 per cent to 15c a share after the company bolstered the board and its bank balance by locking in former Azure Minerals managing director Tony Rovira as a new non-executive director of the company. The well-regarded mining veteran has also agreed to invest $360,000 in Lycaon through the issue of four million new shares at 9c a share.

With the critical minerals boom in full swing Lycaon Resources is eagerly awaiting a suite of niobium assay results from a drill campaign at its Stansmore niobium-rare earths project in Western Australia's West Arunta region. The company is looking to identify anomalous pathfinder and trace elements that will demonstrate potential for its targeted 500m diameter magnetic intrusive feature to host critical metals mineralisation.

After months of preparation, Lycaon Resources has kicked off a highly anticipated maiden drilling campaign at the Stansmore prospect within its West Arunta project in WA. The program will target a high-priority magnetic anomaly, which the company says could be a niobium-rare earths carbonatite, an iron oxide copper-gold orebody or an intrusion-related gold deposit.

Lycaon Resources has begun early stage earthworks as part of a maiden assault on the company's Stansmore niobium-rare earths and iron-oxide copper-gold target in WA's West Arunta region.

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 engaged a renowned geophysical expert to help make its Stansmore project that sits in Western Australia's West Arunta region the next cab off the niobium rank to follow other nearby recent success stories. Both WA1 Resources and Encounter Resources captured the market's attention after identifying niobium and rare earths mineralisation associated with a carbonatite intrusive in the same region.

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.

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).

With niobium-related news again rattling the ASX market this week, Lycaon Resources is getting closer to launching its hunt for the lustrous metal in Western Australia's West Arunta region after scheduling heritage surveys for next month. Recent discoveries by WA1 Resources and Encounter Resources have demonstrated the potential for the West Arunta region to host significant niobium and rare earths mineral systems.

After getting a long-awaited green light last week to start exploring its Stansmore niobium-rare earths project in Western Australia's West Arunta region, Lycaon Resources is now building a war chest to fuel its mission. The company today revealed it had completed a $2.5 million capital raise and also secured a $180,000 State Government grant to drill two holes to test its Stansmore and Volt prospects.

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.

Lycaon Resources is nearing heritage survey completion at its West Arunta Stansmore project as it prepares for drill-testing of its modelled 3D magnetic targets for carbonatite-hosted niobium-copper-gold mineralisation. WA1 Resources' tier-one Luni discovery that sits 90km to the south and has a drill intercept of 30m at 4.7 per cent niobium oxide, highlights the world-class discovery potential of the West Arunta region of central Australia.

Lycaon Resources has set a new focus on what it believes is a “fertile nickel copper system” at its Bow River project in Western Australia's East Kimberley region after diamond drill samples threw up visible nickel-copper sulphides. The company says results from a third of its latest samples showed more than 300ppm nickel, with peaks of 742ppm nickel and 744ppm copper.

Lycaon Resources has begun downhole electromagnetic surveys on two 800m deep diamond drillholes at its Bow River project in the East Kimberley region of Western Australia. The company is seeking to identify downhole and off-hole conductors potentially related to nickel-copper sulphide intercepts in both holes up to 45m wide which were also confirmed by pXRF. The results will inform the design of future deep drilling of the nickeliferous intrusion.

Lycaon Resources has intersected more than 45m of 1 to 5 per cent visual nickel-copper sulphides from 330m after thrusting a second diamond drillhole into its Bow River project near Argyle in Western Australia's Kimberley region. The company says the sulphides show a strong correlation with the upper limit of a gravity anomaly that is open along strike in excess of 1km.

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.

Lycaon Resources says it has intersected more than 13m of visual nickel-copper sulphides from 364m after plunging a maiden diamond drillhole into its Bow River project near Argyle in Western Australia. The company says it signals the potential for a deep and prolific economic accumulation. A second hole is planned to test the keel position of the ultramafic intrusive, where massive sulphide accumulations could exist.

Australian rockers Cold Chisel made Bow River famous way back in 1982 with their song of the same name. Now Lycaon Resources wants to do the same by unearthing a nickel-copper monster at its Bow River project in Western Australia's Kimberley region. The project is the flagship operation for a discovery-focused company more than willing to get its hands – and drills – dirty.