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King River Resources

King River’s vanadium study looks the goods

Matt Birney Matt Birney
22 Mar 2019

King River’s decision to investigate acid processing at its giant WA Speewah vanadium- titanium-iron deposit is paying off, with a new engineering study pointing to potential big cuts in the estimated capex for the project. The company has been encouraged by the results and is on track to produce a pre-feasibility study in the September quarter for the project that houses the world’s largest vanadium deposit.

Hawkstone Mining

Hawkstone steps up exploration at US lithium clay play

Matt Birney Matt Birney
22 Mar 2019

Hawkstone Mining has commenced drilling at its Big Sandy lithium clay project in Arizona state, US to follow up last year’s encouraging drill intersections and metallurgical test work results from the ore system. Best drill results included 43.8 metres grading 2,089 parts per million lithium from just 8.2m down-hole and the company recovered 95% of the lithium from clays by simple acid leaching techniques over 7 hours.

Buru Energy

Buru set for renewed oil search in northern WA

Matt Birney Matt Birney
21 Mar 2019

Buru Energy is cashed up, partnered up and has a glint in its eye again as it embarks on a multi-million dollar search for more oil riches in the lucrative Canning hydrocarbon basin in WA’s north. It is preparing to drill two production wells to increase production at its Ungani oilfield and up to four exploration wells to test promising oil prospects in the underexplored region. With $64m in the bank and Chinese firm Roc Oil riding shotgun with a $20m farm in agreement, Buru has its chip back on the board.

Strike Energy

Strike closes in on gas flows at Jaws-1

Matt Birney Matt Birney
22 Mar 2019

Strike Energy has observed encouraging gas surges as it continues to depressurise its ground-breaking Jaws-1 deep coal seam gas well in the Cooper Basin, South Australia. This is consistent with the previous behaviour of the reservoir that resulted in the building desorption front in December last year. Water production rates are currently between 300 and 400 barrels per day.

Tyranna Resources

Tyranna charges ahead with mining study at Eureka

Matt Birney Matt Birney
21 Mar 2019

Tyranna Resources is continuing its determined push to extract near-term cash flow from the Eureka gold project, 50km north of Kalgoorlie. Just weeks after releasing an updated mineral resource, Tyranna has now appointed mining consultant firm Entech to work out the best way to get Eureka into production via processing through one of the many mills in the region and is also planning the next phase of exploration.

BlackEarth Minerals

Blackearth eyes new high-grade graphite target

Matt Birney Matt Birney
21 Mar 2019

ASX-listed graphite specialist Blackearth Minerals is shooting for a high-grade target of up to 34 million tonnes at its Ianapera project in Madagascar after final assays from a trenching program produced yet more impressive results. Latest assays include 14m grading 14.0% total graphitic carbon and follow news earlier this month of a whopping 18m intersection going 22.06% TGC.

Lithium Australia

Lithium Australia launches German battery study

Matt Birney Matt Birney
21 Mar 2019

Lithium Australia has kicked off a preliminary feasibility study to evaluate the production of lithium iron phosphate battery cathode powders using mica feed material sourced from its Sadisdorf lithium-tin deposit in Germany. The study is seeking to provide supply chain security by delivering cathode materials that require neither cobalt or nickel whilst remaining competitive with batteries using standard lithium carbonate materials.

Calidus Resources

Calidus opens new front in hunt for more Pilbara gold

Matt Birney Matt Birney
21 Mar 2019

Caldius Resources does not appear to be resting on its laurels after recently announcing a 1.25 million ounce gold resource in the Pilbara with the ASX junior this week kicking off a drill program to test new targets at its highly prospective Warrawoona project. The program will test three high-priority targets from soil geochemistry that showed the largely unexplored region is still rich with potential.

Australian Potash

Australian Potash studying SOP benefits in WA

Matt Birney Matt Birney
21 Mar 2019

Australian Potash has started a major study into the benefits of using its sulphate of potash product over the more typically used “muriate of potash” for the growing of crops in WA. The two-year study will be a collaboration with the Western Australian No-Tillage Farmers Association and The University of Western Australia. It will compare the effects of both potassium sources on crop yield, quality, safety and value.

TNG

TNG edging closer to production in the top end

Matt Birney Matt Birney
20 Mar 2019

TNG Ltd is finalising its environmental impact statement and permitting processes for its NT-based, Mount Peake vanadium-titanium-iron project and the proposed TIVAN downstream processing plant facility for refining high-value ore products, located close to Darwin. The company will haul concentrated products to a rail siding facility for transportation to Darwin, where the materials will be refined and then exported to customers in Asia.

88 Energy

88 Energy in talks for Project Icewine farm-out

Matt Birney Matt Birney
20 Mar 2019

88 Energy has started discussions with the preferred bidder to farm-in to the conventional acreage at its project known as “Project Icewine” in Alaska’s famed North Slope oil province. Evaluation work on the unconventional HRZ shale at Project Icewine is also continuing with the company expecting to have a dataroom ready by mid-2019, which will allow a formal farm-out process to begin.

Spectrum Metals

Spectrum hits it again at Penny West

Matt Birney Matt Birney
20 Mar 2019

Spectrum Metals has drilled high grade extensions at its Penny West gold project near Youanmi in WA, intersecting an 8 metre wide intercept of mineralisation grading 24.2g/t gold from 149m down-hole. The zone at Penny North is directly on strike from a historical open pit, that generated 85,000 ounces at 21.8g/t gold in the 1990s. The company has expanded its drilling campaign to follow up the discovery.

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Runners of the week

Company NameOpenPeak
Spectrum Metals0.01100.0280
European Lithium0.08800.1800
Emerge Gaming0.02200.0450
Classic Minerals0.00100.0020
VDM Group0.00100.0020
Mount Ridley Mines0.00100.0020
First Au0.01700.0310
Jadar Lithium0.00900.0150
Dateline Resources0.00200.0030
Amani Gold0.00200.0030

88 Energy (88E)

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