Bardoc Gold Limited (ASX:BDC) (FRA:4SF) has achieved or exceeded all of its targeted milestones and is taking further major strides towards its goal of becoming a mid-tier gold producer.

The company said the coming 12 months were set to be pivotal with multiple workstreams progressing to move the company towards first gold production by the end of the next calendar year.

“Pivotal period”

Despite the wild fluctuations in global markets and the onset of the COVID-19 pandemic, the pre-feasibility study has cemented the status of its flagship asset as one of the best-undeveloped gold projects in Australia.

Chairman Tony Leibowitz said: “This timeline suggests that the coming 12 months are set to be a pivotal period in Bardoc Golds development, with multiple workstreams progressing to move the company towards first gold production by the end of next calendar year.”

The company is in a very strong position with cash reserves of more than $35 million as it transitions from an explorer to developer to producer.

Bardoc Gold recently successfully undertook a $24 million capital raising, and together with the $15 million capital raise in October 2019, has welcomed a number of Tier-1 institutional and strategic investors to its share register.

Leibowitz added: “I am pleased to say that Bardoc sits in the enviable position of having a large-scale, near-term gold development opportunity in a Tier-1 mining district, with a robust cash balance to support our ongoing growth and development initiatives.”

Bardoc Gold Project

As a result of the significant achievements of the past 12 months, Bardoc is on the cusp of completing a definitive feasibility study (DFS) on its namesake project north of Kalgoorlie, Western Australia, one of the few new gold projects of this scale anywhere in Australia.

It is also making a final investment decision on the more than 100,000-ounces per annum gold project.

The DFS is well underway and is targeted to be completed by the March 2021 quarter and the aim is to begin mining and construction in the September 2021 quarter.

Bardoc's 100%-owned project runs contiguously north for 50 kilometres in the Eastern Goldfields of Western Australia.

There are four main deposits and a multitude of smaller projects within the 247 square kilometres landholding, providing a large resource base and excellent exploration potential within the prolific Norseman-Wiluna greenstone belt and the junction of the Bardoc Tectonic Zone and the Black Flag Fault.

These two deep-seated crustal structures host many multi-million-ounce deposits, including the world-renowned Golden Mile in Kalgoorlie

Mineral resource update

Following the drilling and exploration programs and a number of strategic tenement acquisitions completed, the company has an updatedRead More – Source

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Argonaut Resources NL (ASX:ARE) is primarily focusing on exploration of its copper projects in Australia and Africa in the near-term.

The companys Murdie and Torrens projects in South Australia have confirmed iron-oxide-copper-gold (IOCG) systems and are considered pedigree geology.

Argonaut also operates a portfolio of attractive copper licences within the Central African Copperbelt in north-western Zambia.

Murdie Project

At Murdie, Argonaut has identified more than 50 IOCG gravity targets across three domains, including onshore, nearshore and offshore plus flexible drilling options.

The priority targets are hosted in or on the margin of Donnington Suite Granite, which also hosts the nearby Oak Dam and Carrapateena IOCG deposits.

Permitting pending

Three authorisations are required for nearshore and offshore drilling at Murdie – Native Title permit (granted in 2018), operational permit (granted January 2020) and the Aboriginal heritage pemit which has completed the consultation phase and is under consideration.

Argonaut expects notification in the coming weeks regarding its final access permit prior to drilling five deep drill holes into large, prospective copper targets at Murdie.

The Murdie Project has more than 50 IOCG gravity targets across three exploration domains.

Torrens project

After a multi-year permitting process, Argonauts joint venture partner, Aeris Resources Ltd (ASX:AIS), unilaterally ceased drilling at Torrens in 2019 after two drill holes in an agreed eight to 10-hole program.

Argonaut is focused on sensible pathways to the recommencement of systematic drill testing of the Torrens anomaly under a pro-rata 30:70 joint venture (Argonaut 30%) and is confident that the prospectivity of the Torrens project remains intact.

The Eastern Gawler Craton has persistently rewarded explorers with large, high-grade copper discoveries and Argonaut believes the discovery of an IOCG deposit by a listed exploration company creates a once-in-alifetime opportunity for shareholders.

Lumwana West scoping study

Argonaut is conducting a scoping economic study into production from its Nyungu copper-cobalt deposit at Lumwana West in Zambia.

Flotation test-work has been completed and achieved high recovery from both transitional zone copper minerals (88% recovery) and primary zone copper sulphides (up to 96% recovery).

Saleable concentRead More – Source

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Core Lithium Ltds (ASX:CXO) application for an Environmental Impact Assessment (EIA) for the proposed BP33 underground lithium mine is being progressed by the Northern Territory Environment Protection Authority (EPA).

NT EPA has advised Core that the environmental impact assessment for the underground mine within the Finniss project will be via a supplementary environmental report (SER).

The EPA made the decision under newly introduced environmental protection regulations and after making a thorough and extensive study of the companys Environmental Impact Statement (EIS) of its proposed mine and processing facility.

Strengthening production capabilities

Cores managing director Stephen Biggins said: “The newly re-elected NT Government is to be congratulated on hitting the ground running and meeting timeframes scheduled in the recently implemented EIA process, as well as setting the standard for diligent and timely future assessment.

“Extending our plans beyond the open pit operations at Grants will only strengthen Cores production capabilities and enable it to become a long-term and successful contributor to the Northern Territorys economy.

“Were serious about extending our lithium production from BP33 because we know the global demand for lithium for electric vehicles and renewable energy storage is there and building. “

Job creating project

Northern Territory chief minister Michael Gunner said: “The Territory Labor Government takes environmental protection seriously – smart environment policy is smart economic policy.

“We are making the Territory Australias comeback capital, and this job-creating project can be a key part of that.”

Biggins said: “When you couple the Finniss Lithium Projects potential with opportunities to plug into efficient energy sources, its proximity to Darwin Port and the quality of the Darwin suburban workforce, its goinRead More – Source

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