Yellow Rock Resources is on the road to re-commence drilling at the Gabanintha Vanadium Project in March. This will provide samples for metallurgical testing and allow open pit optimisation studies. An upgraded JORC resource is also expected soon thereafter. A Mining Lease is being applied for to cover the Gabanintha Vanadium Deposit.
Pioneer has entered a key active exploration phase, with drilling having now commenced at the Fairwater nickel project. The company is exploring for mafic-intrusion hosted nickel sulphide deposits, similar to those at Nova-Bollinger.
Drilling has intersected high grade nickel in two new zones at Poseidon Nickel’s Mt Windarra Project. This mineralisation is potentially accessible more quickly and cost effectively after mine restart than the ore zones at depth. Further drilling could increase resources at the project.
The placement will be made to China Bauxite Trading & Investments Company (CBTIC), founded by a former China Non Ferrous Metal Corporation executive given his experience with Chinese state owned enterprises and negotiating off take agreements with end-users.
U.S. equities were sold off overnight following a private sector jobs report fell short of estimates in February. Earlier in the week the Dow and S&P hit record highs, while the NASDAQ passed 5000 for the first time in 15 years.
The ASX SPI 200 is flat at 5883.
Anatolia Energy is positioned to become a major force in the development of Western Asia’s uranium production that will supply nuclear fuel to Turkey’s burgeoning nuclear energy program. Temrezli will be one of the world’s lowest cost producers of U3O8.
South Boulder's PFS on its 50% owned Colluli Project has demonstrated that it is expected to become one of the world’s most significant and lowest cost potassium sulphate operations.
Metals of Africa has confirmed a major graphite discovery at Montepuez Central with first drilling assays including a near surface intersection of 145.59m at 9.60% TGC and 0.12% vanadium from 34 metres. Tellingly, this drill hole ended in high grade mineralisation and is open in all directions.
U.S. stocks retreated from fresh highs Tuesday, a day after the Nasdaq settled above the 5,000 mark for the first time in 15 years and both the Dow and the S&P 500 finished at new records. Oil gained and gold fell.
The ASX SPI 200 is off six points to 5917.
KPMG intends to appoint TZ Limited as its preferred supplier and technology provider for its Day Locker Management System at its offices across Australia. This is resounding validation of TZ Limited’s day locker offering and could result in further day locker orders.
The new target could host a polymetallic mineralised skarn similar to the nearby Mount Garnet high grade zinc-copper deposit. Arc Exploration is carrying out mapping to better define this target. It is also evaluating the potential to exploit the small oxide resource in the Triple Crown gold deposit.
With full control of the Ilo Norte Copper-Gold Project, Latin Resources is now seeking a new partner for the project. The company believes there is potential for a moderate tonnage high grade copper-gold deposit. This and its proximity to infrastructure and favourable topography, would likely be an attractive mine development.