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Australian Vanadium seeks to extend ground position at Coates Nickel-Copper-PGE Project collaboration

Australian Vanadium Ltd (ASX:AVL) aims to extend the ground position at the Coates Nickel-Copper-PGE Project collaboration with Lithium Australia NL (ASX:LIT) and Mercator Metals Pty Ltd through two new tenement applications.

The new applications will increase the area by 52.6 square kilometres to 111.6 square kilometres and strengthen the potential of Coates, which lies 29 kilometres SSE of the Julimar nickel-PGE discoveries by Chalice Gold Mines (ASX:CHN).

The applications cover chrome anomalism in pisolite geochemistry to the east and extend the landholding north of a platinum and palladium anomaly identified from bottom of hole geochemistry drill holes reported by LIT.

Ground is sought after[hhmc]
AVL managing director Vincent Algar said: “The results from AVLs geological compilation of the historical Coates Project data, in addition to recently released coincident nickel-copper-PGE soil anomalism on adjacent LIT ground, strongly supports the value of this ground in the search f..

Australian Vanadium Ltd (ASX:AVL) aims to extend the ground position at the Coates Nickel-Copper-PGE Project collaboration with Lithium Australia NL (ASX:LIT) and Mercator Metals Pty Ltd through two new tenement applications.

The new applications will increase the area by 52.6 square kilometres to 111.6 square kilometres and strengthen the potential of Coates, which lies 29 kilometres SSE of the Julimar nickel-PGE discoveries by Chalice Gold Mines (ASX:CHN).

The applications cover chrome anomalism in pisolite geochemistry to the east and extend the landholding north of a platinum and palladium anomaly identified from bottom of hole geochemistry drill holes reported by LIT.

Ground is sought after


AVL managing director Vincent Algar said: “The results from AVLs geological compilation of the historical Coates Project data, in addition to recently released coincident nickel-copper-PGE soil anomalism on adjacent LIT ground, strongly supports the value of this ground in the search for additional nickel-copper-PGE discoveries such as those at Julimar and Yarahwindah.

“Ground in the area is now extremely sought after and AVL is pleased to be able to add to the existing portfolio with these new applications.

“Exploration including soil geochemistry and airborne electromagnetic surveys are being planned now in this exciting area.”

Extending collaboration land


The new tenement application extends the collaborative landholding by AVL, LIT and Mercator northwards of where platinum and lead anomalism has been identified by LIT in short vacuum holes drilled for bauxite exploration.

This anomaly could be significantly larger than currently defined, as the elevated platinum and lead values extend to the edge of the current sampling.

Coates Mafic Complex location and new tenure with Chalice's Julimar discovery shown on 80-metre GSWA Aeromagnetics Imagery.

New tenement application E70/5589 covers possible extensions of the Coates Mafic Complex to the east of E70/4924.

Methods for the best way to determine bedrock geology beneath recent cover (laterite, slope and drainage sediments) are under evaluation by AVL.

Upcoming work


The company has an approved program of works to undertake sampling and drilling within the Vacant Crown Land portion of its holding at the Coates Project and will be starting exploration in the summer.

AVL, LIT and Mercator are working together to gain statutory approvals for the remaining areas within granted tenements before startRead More – Source

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Australia

Argonaut Resources directors show faith in company by participating in oversubscribed SPP

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP[hhmc]
The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money ..

Argonaut Resources NL (ASX:ARE) directors have demonstrated their faith in the company’s copper-zinc strategy by participating in the recently closed share purchase plan (SPP).

Independent non-executive chairman Patrick Elliot purchased more than 4.465 million shares at 0.55 cents per share in an indirect interest.

He now holds 5,876,159 shares in that interest with another 20,324,574 held in a separate indirect interest.

Independent non-executive chairman Malcolm Richmond acquired more than 5.454 million shares in a direct interest, increasing the number held in this interest to almost 15 million with another 1 million held in an indirect interest.

Overwhelming response to SPP


The company was overwhelmed by the response to its SPP which closed early and more than twice oversubscribed with the target subsequently increased to $2.5 million from $1.2 million.

Subscriptions in excess of $3 million were received and as a result, the SPP was closed with immediate effect.

Money raised under this SPP and from the recently completed $2.7 million share placeRead More – Source

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Australia

Strickland Metals shares jump 39% ahead of drilling base metal target near DeGrussa

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey[hhmc]
Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilomet..

Strickland Metals Ltd (ASX:STK) shares surged 39% today ahead of its maiden drilling program at the Doolgunna Project, which will include a diamond drilling program that is likely to begin by the end of this month.

As a part of the program, a minimum of four diamond holes will be drilled to a depth of 500 metres to test a VMS target similar to the nearby DeGrussa deposit of Sandfire Resources (ASX:SFR).

Heritage survey


Exploration activity has recommenced on the Doolgunna Project following completion of heritage surveys to allow land access to areas where the company wishes to complete exploration drilling.

The target for drilling is a compelling base metal prospect that exhibits geological characteristics that are interpreted to be similar to Sandfire Resources’ DeGrussa deposit about 30 kilometres to the east of the project.

The prospect has a 3-kilometre-long electromagnetic conductor that lies below an outcropping copper-zinc gossan that has been mapped over a 1.2-kilometre strike.

Diamond core drilling


The company plans to start the diamond core drilling by the end of this month.

A multi-purpose drill rig has been contracted to enable the minimum planned program wRead More – Source

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Australia

Pan Asia Metals has positive discussions on plans for Thai lithium project

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions[hhmc]
Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Ng..

Pan Asia Metals Ltd (ASX:PAM) has had positive discussions with authorities in Phang Nga Province, Thailand, including the provincial government, for its Reung Kiet Lithium Project.

PAM has submitted a presentation covering all aspects of the project including methods of ongoing exploration, conceptual mining and concentrate production, and the potential for downstream value-adding industries in Phang Nga and Thailand.

The presentation and subsequent discussions were aimed at assisting Phang Nga Provincial Government in their considerations for the proposed mining and industrial development areas.

Provincial Government discussions


Pan Asia was recently invited by the chief executive officer of the Phang Nga Provincial Administrative Organisation (PAO), a Phang Nga Provincial Government coordinating body, to represent PAM and the Reung Kiet Lithium Project.

The meeting was also attended by the head of Phang Nga Provincial Industry along with the representatives of the Phang Nga Provincial Public Works and Town Planning Office.

Phang Nga Provincial Industry head has been appointed by the Phang Nga governor as chairman of the Phang Nga New Town Planning Committee.

During the meeting, the chairman of the committee conveyed its support for the Reung Kiet Lithium Project.

PAO wants to ensure that the requirements of the Reung Kiet project are incorporated into the town planning committee’s zoning plans to ensure that the project can progress once exploration and feasibility results prove positive.

“Can bring opportunities”


PAM managing director Paul Lock said: “We have been working hard in Phang Nga province and we are very happy with the positive reception that the Reung Kiet Lithium Project is receiving from the Phang Nga Provincial Government and surrounding communities.

“Reung Kiet is strategically located and based on peer feasibility work the project is positioned to potentially be one of the lowest-cost suppliers of lithium chemicals in the global peer group.

“This is a project that can bring substantial opportunities and value to Phang Nga and Thailand.”

Pan Asia is planning its second Reung Kiet drilling program with expectations that this will begin in the coming months following the conclusion of the current Khao Soon drilling program.

Potential cost curve leader


Reung Kiet is a hard rock project with lepidolite rich pegmatites chiefly composed of quartz, albite and lepidolite with minor cassiterite and tantalite as well as other accessory minerals including some rare earth.

Lepidolite does not require roasting and has a suite of by-products which are recoverable at the concentrator and processing stages of the flow sheet.

Peer feasibility work has Read More – Source

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