http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Sun, 25 Feb 2018 12:46:59 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Arrow Minerals targets golden prospects in major drilling campaign ]]> http://www.proactiveinvestors.com.au/companies/news/191537/arrow-minerals-targets-golden-prospects-in-major-drilling-campaign-191537.html Arrow Minerals Ltd (ASX:AMD) is embarking on a 26,000-metre drilling program at four gold prospects within the Barlee project in Western Australia’s Eastern Goldfields.

The aircore drilling program will cover more than 20 strike kilometres of gold-in-soil anomalies and define bedrock gold mineralisation at the T1, T2, T6 and T8 prospects.

Gold mineralisation was intersected at these prospects with first-pass drilling in 2017.

Earthworks start next week

Arrow has awarded earthworks and drilling contracts for the program and expects earthworks to begin next week.

Drilling at the T8 prospect is expected to begin in mid-March with first assay results expected by the end of April.

It is the first major drill program to test multiple prospects in an emerging gold province.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Arrow is well-funded for the work after receiving $2.8 million from Independence Group NL (ASX:IGO) with an additional $2.4 million to be received in around six weeks, subject to shareholder approval.

The aircore program will complete fence lines across the entire soil anomaly at each prospect.

This will include 10 kilometres of strike at T1 with the aim of defining the extent and grade of bedrock gold mineralisation.

Follow-up is proposed

Based on the results of the aircore drilling, Arrow will undertake further substantial infill aircore and reverse circulation drilling programs.

The total amount of aircore drilling to be completed in two phases in 2018 is 40,000-50,000 metres, with an additional 15,000-20,000 metres of reverse circulation drilling scheduled.

Arrow Minerals has a number of gold prospects at Barlee.

The Barlee project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross.

The Menzies and Southern Cross regions contain more than 20 million ounces of known gold endowment.

READ: Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million

Arrow recently received $1.5 million from Independence Group to acquire a 51% interest in the Plumridge Nickel Project.

The Plumridge Joint Venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province, will be formed.

Independence will manage all exploration activities at Plumridge and can increase its interest to 90% through the expenditure of $5 million over four years.

In addition, the company has received $1.3 million from a tranche 1 placement.

Subject to approval at a shareholder meeting in March, Arrow will receive an additional $2.4 million from a placement to Independence and the tranche 2 placement.

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Tue, 13 Feb 2018 10:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/191537/arrow-minerals-targets-golden-prospects-in-major-drilling-campaign-191537.html
<![CDATA[News - Arrow Minerals signs strategic deal with Independence Group, bags $5.2 million ]]> http://www.proactiveinvestors.com.au/companies/news/191113/arrow-minerals-signs-strategic-deal-with-independence-group-bags-52-million-191113.html Arrow Minerals Ltd (ASX:AMD) is raising a total of circa $5.2 million via a strategic deal with Independence Group NL (ASX:IGO) and an oversubscribed equity placement to sophisticated investors.

Independence will acquire a 51% interest in Arrow’s Plumridge Nickel Project for $1.5 million and an 11% strategic equity interest in Arrow for $1 million.

Arrow and Independence will form the Plumridge Joint Venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province of Western Australia.

Partnering with the largest player in Fraser Range

It is worth noting that Independence is the largest tenement holder and explorer in the Fraser Range, with 14,500 square kilometres of exploration licences under management.

In addition, Independence owns the Nova Nickel Project, which is located 200 kilometres south of the Plumridge Nickel Project.

Over the next 12 months, the companies are planning to test geophysical datasets acquired over the past three years at Plumridge.

This will include aircore drilling of specific targets and reverse circulation/diamond drilling of electromagnetic conductors.

Strategic investment + oversubscribed placement

Independence is subscribing for $1 million in Arrow shares at a price of $0.029 per share.

Arrow has also completed a placement to sophisticated investors to raise $2.65 million on the same terms as the Independence placement.

The placement was heavily oversubscribed with support from new institutional and professional investors together with existing shareholders.

Well funded to fast-track gold and lithium drilling programs

The proceeds of the new placements will be used to accelerate exploration at Arrow’s 100%-owned Barlee Gold and Malinda Lithium Projects in 2018, including:

- 50,000 metres of aircore and 15,000-20,000 metres of reverse circulation drilling across the T1, T2, T6 and T8 prospects at the Barlee Gold Project; and

- detailed aerial survey to refine targets for 10,000-15,000 metres of reverse circulation drilling of high-grade lithium pegmatites at the Malinda Lithium Project.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Steven Michael, managing director, said: “IGO’s Fraser Range exploration budget for FY2018 is $21 million, including significant airborne EM, ground EM and drilling programmes to be undertaken at Plumridge.

“Arrow now has sufficient funding to aggressively explore its Barlee Gold and Malinda Lithium Projects and has a supportive major shareholder with gold and nickel assets in Western Australia.”

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Mon, 05 Feb 2018 12:55:00 +1100 http://www.proactiveinvestors.com.au/companies/news/191113/arrow-minerals-signs-strategic-deal-with-independence-group-bags-52-million-191113.html
<![CDATA[News - Arrow Minerals enters ASX trading halt ahead of joint venture and capital raise ]]> http://www.proactiveinvestors.com.au/companies/news/190947/arrow-minerals-enters-asx-trading-halt-ahead-of-joint-venture-and-capital-raise-190947.html Arrow Minerals Ltd (ASX:AMD) has been granted a trading halt by the ASX this morning.

The halt was granted pending the release of information regarding a joint venture transaction and material capital raising.

Arrow shares will remain in a trading halt until further information is released.

READ: Arrow Minerals hits high-grade gold in Eastern Goldfields

Most recently, Arrow received high-grade gold results from its Barlee Gold Project in the Eastern Goldfields region of Western Australia.

Arrow intersected near-surface gold mineralisation at all five Barlee prospects drilled in 2017.

Multiple projects and commodities in Western Australia

During the December quarter, Arrow completed first pass drilling at the Malinda Lithium Project and identified gold nuggets at the Pilbara Gold Project – both in Western Australia.

Arrow also has two nickel projects in Western Australia.

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Thu, 01 Feb 2018 10:09:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190947/arrow-minerals-enters-asx-trading-halt-ahead-of-joint-venture-and-capital-raise-190947.html
<![CDATA[News - Arrow Minerals hits high grade gold in Eastern Goldfields ]]> http://www.proactiveinvestors.com.au/companies/news/190504/arrow-minerals-hits-high-grade-gold-in-eastern-goldfields-190504.html Arrow Minerals Ltd (ASX:AMD) has received high grade gold results from its Barlee project in the prolific Eastern Goldfields region of Western Australia.

Maiden drilling at T6 prospect returned up to 2.1 g/t gold and 128 g/t silver from a 27 metre intersection at 0.6 g/t gold and 18.7 g/t silver from 8 metres.

Drilling at T2 prospect returned a best result of 1 metre at 2.9 g/t gold within a 34 metre intersection at 0.5 g/t from 9 metres.

Near-surface mineralisation

Arrow has intersected near-surface gold mineralisation at all five Barlee prospects drilled in 2017.

Steven Michael, managing director, said: “It is exciting for Arrow to control 100% of a major Yilgarn Craton greenstone belt with minimal historical gold exploration.

“The high grade drill results from T6 demonstrate the project’s potential to host multiple gold deposits.

“Within the first year of pegging these tenements, we have completed several rounds of exploration, leading to drill testing of five targets.”

READ: Arrow Minerals makes greenfields gold discovery at Barlee Gold Project

Michael said: “Over the next 12 months, Arrow will continue to define, refine and drill gold targets, with 50 strike kilometres of gold-in-soil anomalies yet to be tested.

“We will commence a significant aircore drilling program in the first quarter of 2018 to systematically explore and expand on the results achieved in 2017.”

First drilling at T6

Arrow’s drilling program at Barlee was completed in late 2017 and included first drilling of the T6 prospect.

There were 29 aircore holes for 1,401 metres and six reverse circulation holes for 612 metres at T6.

The program was aimed at confirming gold mineralisation underlying the soil samples and identifying the underlying lithology.

Silver associated with gold

The presence of high grade silver associated with the gold potentially indicates a precursor VMS, skarn or epithermal contribution to the mineralised system.

Such a mineralised system would be similar to the Marvel Loch deposit near Southern Cross, which produced over 1.6 million ounces of gold at an average grade of 2.6 g/t.

At T1 and T2 prospects, seven reverse circulation holes and two diamond holes were drilled to follow up on areas of gold mineralisation identified in the September 2017 drilling program.

The Barlee project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross.

The Menzies and Southern Cross regions contain over 20 million ounces of known gold endowment.

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Wed, 24 Jan 2018 12:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190504/arrow-minerals-hits-high-grade-gold-in-eastern-goldfields-190504.html
<![CDATA[News - Arrow Minerals regains full ownership of Fraser Range nickel project ]]> http://www.proactiveinvestors.com.au/companies/news/190329/arrow-minerals-regains-full-ownership-of-fraser-range-nickel-project-190329.html Arrow Minerals Ltd (ASX:AMD) has regained full ownership of the Plumridge Nickel Project in Western Australia along with much more exploration data.

This follows MMG Ltd’s (ASX:MMG) decision to withdraw from a joint venture covering the Fraser Range project after spending $4.5 million of a $6.5 million.

In September 2015 Arrow entered into a joint venture with a MMG subsidiary which would enable MMG to earn 51% by investing $6.5 million in exploration by December 2019.

MMG provides exploration data

MMG has completed a number of comprehensive surveys, reverse circulation drilling of seven electromagnetic plates and downhole electromagnetics on five holes.

This work has provided significant exploration data and materially improved the geological understanding of this landholding, which is highly prospective for nickel-copper.

Arrow is considering alternatives to utilise this data and realise value from Plumridge.

This includes discussions with other potential project partners.

READ: Arrow Minerals makes greenfields gold discovery at Barlee Gold Project

Arrow recently received encouraging results from maiden drilling at the Barlee Gold Project in Western Australia’s Eastern Goldfields.

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Mon, 22 Jan 2018 08:36:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190329/arrow-minerals-regains-full-ownership-of-fraser-range-nickel-project-190329.html
<![CDATA[News - Arrow Minerals makes greenfields gold discovery at Barlee Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/188543/arrow-minerals-makes-greenfields-gold-discovery-at-barlee-gold-project-188543.html Arrow Minerals Ltd (ASX:AMD) has received initial results from its maiden drill program at the T8 and T11 prospects at the Barlee Gold Project in Western Australia.

Highlights from the first batch of assay results include 27 metres at 0.64 g/t gold from 9 metres, 10 metres at 0.78 g/t gold from 7 metres and 17 metres at 0.74 g/t gold from 22 metres.

The drill program consisted of aircore and reverse circulation (RC) drilling over the T8 and T11 prospects and was the first gold drilling ever undertaken at these prospects.

The company completed 13 RC holes for 1,518 metres at T8 as well as 10 aircore holes for 717 metres and 2 RC holes for 252 metres at T11.

READ: Segue Resources (now Arrow Minerals) commences drilling as shares rise further

Further assay results from the maiden drill program at T6, infill drilling at T2 and diamond drilling at T1 and T2 are expected in the coming weeks.

First batch of drill results confirm T8 gold potential

The T8 prospect was originally defined by a 1.7x0.6 kilometre gold-in-soil anomaly with associated pathfinder elements.

The results at T8 are highly significant for first pass drilling and have confirmed thick, continuous gold mineralisation with multiple high-grade intersections

The results highlight the potential for the T8 prospect to host considerable gold mineralisation.

Significantly, the 1.5-kilometre strike of gold anomalism is yet to be tested.

Only 200 metres of 1.7 kilometres has been drill tested

Steven Michael, managing director, said: “The results demonstrate the potential of the T8 prospect to host a substantial, shallow gold resource.

“The reconnaissance drill program has only tested 200 metres of strike along a 1.7 kilometre mineralised corridor.

“Further drilling, planned for early 2018, will aim to extend the gold prospect to the north, south and east and at depth.”

T11 also shows potential

While the T8 results have proven exceptional, the results from the T11 prospect are encouraging for first pass drilling and have confirmed saprolite gold anomalism.

The next round of exploration work at the T11 prospect will consist of further soil geochemistry followed by aircore drilling and ground geophysics to help define priority targets.

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Mon, 11 Dec 2017 10:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188543/arrow-minerals-makes-greenfields-gold-discovery-at-barlee-gold-project-188543.html
<![CDATA[News - Segue Resources identifies gold nuggets shedding from outcropping conglomerates at Pilbara project ]]> http://www.proactiveinvestors.com.au/companies/news/186758/segue-resources-identifies-gold-nuggets-shedding-from-outcropping-conglomerates-at-pilbara-project-186758.html Segue Resources Ltd's (ASX:SEG) shares have jumped over 45% to $0.105 in the first 40 minutes of trade with 15 million changing hands.

Driving the positive re-rating were details the company identified gold nuggets shedding from outcropping conglomerates of the Witwatersrand Basin equivalent Mallina Basin.

A short prospecting trip by Segue on exploration licence E47/3476, known as the Pilbara Gold Project in the Pilbara region of Western Australia, highlighted nine conglomerate or basement gold targets.

Segue also identified considerable evidence of previous prospector activity throughout the tenement.

Global investor interest in the Pilbara region has increased dramatically recently, driven by gold discoveries made by Novo Resources Corp (CVE:NVO), Artemis Resources Ltd (ASX:ARV) and De Grey Mining Ltd (ASX:DEG).

All three companies have drilled out significant conglomerate and orogenic gold mineralisation in the area.

A recent geological review at Segue’s Pilbara tenements confirmed rock formations known to host gold deposits.

Next exploration steps

Segue will undertake geological mapping and rock chipping of the areas around the gold nugget discoveries in December 2017.

Systematic prospecting and exploration on all of the projects tenements covering over 600 square kilometres will commence in the March quarter of 2018, once all approvals and access agreements are in place.

Exploration will include rock chipping, stream sediment and soil sampling over all nine gold target areas.

Option plan is in-the-money

Segue recently dispatched details to eligible shareholders of the 1 for 4 pro-rata non-renounceable options entitlement issue.

READ NOW: Segue opens options entitlement for Barlee and Pilbara gold ]]>
Mon, 06 Nov 2017 10:56:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186758/segue-resources-identifies-gold-nuggets-shedding-from-outcropping-conglomerates-at-pilbara-project-186758.html
<![CDATA[News - Segue Resources opens options entitlement for Barlee and Pilbara gold ]]> http://www.proactiveinvestors.com.au/companies/news/186695/segue-resources-opens-options-entitlement-for-barlee-and-pilbara-gold-186695.html Segue Resources Ltd (ASX:SEG) maintains a very active exploration portfolio, and is looking to add to its cash base for additional drilling at the Barlee Gold Project and exploration at the Pilbara Gold Project.

READ NOW: Segue Resources adds Pilbara Gold Project to active schedule

The company has now dispatched details to eligible shareholders of the 1 for 4 pro-rata non-renounceable options entitlement issue.

The options are to be issued for $0.01 and exercisable at $0.10 on or before 31 December 2019, raising up to $431,479.

Segue shares have recently been positively re-rated by the market, last traded at $0.076, or more than double the valuation from just three months ago.

A new name

Segue has proposed a name change to Arrow Minerals Ltd (ASX:AMD), which will be voted on at the AGM this month.

READ NOW: Segue Resources proposes a name change to Arrow Minerals ]]>
Fri, 03 Nov 2017 10:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186695/segue-resources-opens-options-entitlement-for-barlee-and-pilbara-gold-186695.html
<![CDATA[News - Segue's partner MMG Exploration readies drilling activities at Plumridge Nickel Project ]]> http://www.proactiveinvestors.com.au/companies/news/186140/segue-s-partner-mmg-exploration-readies-drilling-activities-at-plumridge-nickel-project-186140.html Segue Resources (ASX:SEG) will add more drilling to its busy exploration schedule as preparations are made for a 4,000-metre reverse circulation program at the Plumridge Nickel Project in Western Australia.

The drilling program will commence by the end of October 2017 and consists of 11 holes targeting seven electromagnetic (EM) conductors.

The targets are thought to represent nickel or copper sulphide mineralisation, similar to the Nova‐Bollinger nickel‐copper deposits in the southern end of the Fraser Range.

Drilling will be managed by the project’s joint venture partner, MMG Ltd (HKG:1208), who is earning an initial 51% interest in the project by funding $6.5 million of exploration.

Drilling is expected to be completed by the end of November 2017 with downhole EM to be conducted on all holes.

Busy exploration schedule

Segue is a Western Australian focused minerals exploration company exploring for gold, lithium and nickel.

Its project portfolio includes:

- Barlee Gold Project;
- Malinda Lithium Project;
- Plumridge Nickel Project;
- Plumridge Gold Project;
- Pilbara Gold Project;
- Pardoo Nickel Project; and
- Deralinya Nickel Project.

During late September, Segue commenced a 7,000-metre second phase of drilling at its Barlee Gold Project located in the Eastern Goldfields of Western Australia.

Last week it also commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

Furthermore, at the company’s Malinda Lithium Project, assays remain pending from a 17-hole reverse circulation program that is working towards a maiden JORC resource for the project.

READ NOW: Segue Resources proposes a name change to Arrow Minerals ]]>
Wed, 25 Oct 2017 07:59:00 +1100 http://www.proactiveinvestors.com.au/companies/news/186140/segue-s-partner-mmg-exploration-readies-drilling-activities-at-plumridge-nickel-project-186140.html
<![CDATA[News - Segue Resources proposes a name change to Arrow Minerals ]]> http://www.proactiveinvestors.com.au/companies/news/185927/segue-resources-proposes-a-name-change-to-arrow-minerals-185927.html Segue Resources (ASX:SEG) has proposed to change the company’s name to Arrow Minerals Limited (ASX:AMD).

The name change proposal will be voted on at the upcoming annual general meeting (AGM) to be held on 22 November 2017. 

The company currenty has active exploration programs underway at multiple projects.

Most recently, Segue commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

READ NOW: Segue Resources adds Pilbara Gold Project to active schedule ]]>
Fri, 20 Oct 2017 16:49:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185927/segue-resources-proposes-a-name-change-to-arrow-minerals-185927.html
<![CDATA[News - Segue Resources adds Pilbara Gold Project to active schedule ]]> http://www.proactiveinvestors.com.au/companies/news/185685/segue-resources-adds-pilbara-gold-project-to-active-schedule-185685.html Segue Resources (ASX:SEG) has commenced a reconnaissance gold exploration program at its 100% owned Pilbara Gold Project in the Pilbara region of Western Australia.

This adds to an already busy exploration schedule for the company who is active at three other projects, which includes two drill programs.

Global investor interest in the Pilbara region has increased dramatically recently, driven by gold discoveries made by Novo Resources Corp (CVE:NVO), Artemis Resources Limited (ASX:ARV) and De Grey Mining Limited (ASX:DEG).

All three companies have drilled out significant conglomerate and orogenic gold mineralisation in the area.

A recent geological review at Segue’s Pilbara tenements confirmed rock formations known to host gold deposits.

Exploration program

Segue has commenced a reconnaissance exploration program at its central tenements to explore for alluvial gold shedding off prospective conglomerate horizons.

In addition, Segue will conduct first pass exploration over several major faults which are associated with the Mallina Shear.

The Mallina Shear is known to host several gold deposits including De Grey’s Indee Gold Project.

The exploration program is expected to be completed by the end of October 2017.

Multiple drill programs underway

Segue is a Western Australian focused minerals exploration company exploring for gold, lithium and nickel.

Its project portfolio includes:

- Barlee Gold Project;
- Malinda Lithium Project;
- Plumridge Nickel Project;
- Plumridge Gold Project;
- Pardoo Nickel Project; and
- Deralinya Nickel Project.

During late September, Segue commenced a 7,000-metre second phase of drilling at its Barlee Gold Project located in the Eastern Goldfields of Western Australia.

READ: Segue Resources commences drilling as shares rise further

At the company’s Malinda Lithium Project, assays remain pending from a 17-hole reverse circulation program that is working towards a maiden JORC resource for the project.

READ: Segue Resources drill results point towards maiden lithium resource

At the Plumridge Nickel Project, exploration is being funded by earn-in partner, MMG Exploration Pty Ltd, who can spend $6.5 million to earn 51%.

READ: Segue Resources takes to the skies for drill targets ]]>
Tue, 17 Oct 2017 15:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185685/segue-resources-adds-pilbara-gold-project-to-active-schedule-185685.html
<![CDATA[News - Segue Resources drill results point towards maiden lithium resource ]]> http://www.proactiveinvestors.com.au/companies/news/185221/segue-resources-drill-results-point-towards-maiden-lithium-resource-185221.html Segue Resources (ASX:SEG) is one step closer to a maiden JORC resource after receiving drill results from its 100% owned Malinda Lithium Project located in Western Australia.

The 17-hole reverse circulation program totalled 2,430 metres and tested the thickness, depth and orientation of four lithium‐caesium‐tantalum (LCT) prospects.

Results feature grades of up to 2.01% lithium oxide and broad intersections such as 23 metres at 0.98% lithium oxide from surface.

READ: Results from the first six holes

The next round of drilling is to commence in November which will step out from current intersections to begin work towards a maiden resource estimate.

Drill result details

Assay results have been received for the remaining 11 holes in the 17-hole drill program.

The new assay results are from the Blade and T‐Bone prospects and include:

- 2 metres at 1.71% lithium oxide from 118 metres including 1 metres at 2.01% lithium oxide;
- 4 metres at 1.42% lithium oxide from 0 metres including 1 metre at 2.00% lithium oxide;
- 2 metres at 1.49% lithium oxide from 106 metres and 7 metres at 122 ppm tantalum pentoxide from 101 metres;
- 23 metres at 0.98% lithium oxide from 0 metres including 5 metres at 1.35% lithium oxide; and
- 3 metres at 318 ppm tantalum pentoxide including 1 metre at 834 ppm tantalum pentoxide.

Drilling success leads to follow-up program

The maiden reconnaissance drill program at the Malinda Lithium Project has successfully intersected mineralised LCT pegmatites across three pegmatite swarms.

The next reverse circulation drilling program will commence in November 2017 and will consist of step out drilling from the three pegmatites.

Drilling will aim to further test the orientation of pegmatite bodies as well as the direction of fractionation within each pegmatite and within the wider project.

Segue aims to progress towards a maiden resource at Malinda in 1H 2018.

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Mon, 09 Oct 2017 11:51:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185221/segue-resources-drill-results-point-towards-maiden-lithium-resource-185221.html
<![CDATA[News - Segue Resources commences drilling as shares rise further ]]> http://www.proactiveinvestors.com.au/companies/news/184716/segue-resources-commences-drilling-as-shares-rise-further-184716.html Segue Resources (ASX:SEG) has commenced its 7,000-metre second phase of drilling at the Barlee Gold Project located in the Eastern Goldfields of Western Australia.

The second phase reverse circulation drilling will include 5,500 metres at the T6, T8 and T11 prospects, which will be the first significant gold drilling ever undertaken at these targets.

The remaining 1,500 metres of drilling will be infill and step-out drilling at the T2 prospect, which was tested successfully in the recent maiden drill program.

Drilling in the first drilling program at Barlee identified a 1.2x0.35 kilometre gold anomaly at T2 open to the north and south.

The drilling program is anticipated to be completed by the end of October with assay results received by the end of November.

T6, T8 and T11 targets

A total of 5,500 metres of reverse circulation drilling at the three prospects will target gold anomalies defined from previous soil sampling combined with structural and geological interpretation.

Drilling at T6 will consist of shallow reverse circulation holes testing three geological anomalies that suggest the potential for mineralisation.

Drilling at T8 will consist of two reverse circulation fence lines of 120 metre deep holes which will test a structure with a 1.4x0.35 kilometre wide gold anomaly.

T2’s golden corridor

The success of the maiden drilling program outlined earlier this month will also be followed up in the second phase of drilling.

The first pass drilling at T2 was completed in two parts, an aircore and reverse circulation program.

The aircore program delineated a 1.2x0.35 kilometre mineralised corridor, which remains open along strike to the north and south.

The deeper reverse circulation fence lines resulting in confirming fresh rock mineralisation including 48 metres at 0.67 g/t gold from 27 metres depth.

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Thu, 28 Sep 2017 14:02:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184716/segue-resources-commences-drilling-as-shares-rise-further-184716.html
<![CDATA[News - Segue Resources reveals thick lithium discovery with drilling ]]> http://www.proactiveinvestors.com.au/companies/news/184328/segue-resources-reveals-thick-lithium-discovery-with-drilling-184328.html Segue Resources (ASX:SEG) has confirmed a lithium discovery through its maiden drilling program at its 100% owned Malinda Lithium Project located in Western Australia.

The 2,430-metre, 17-hole reverse circulation program discovered major mineralised lithium and tantalum intersections across multiple pegmatites.

Assay results from the first six holes have confirmed significant lithium and tantalum mineralisation with intersections including 14 metres at 1.25% lithium oxide and 12 metres at 335ppm tantalum pentoxide.

The drill program was designed to test four prospects which had been defined by previous soil sampling and rock chip programs.

Steven Michael, managing director, commented: “As soon as the tenement (E09/2169) was granted in May 2017, we applied for and commenced a maiden reverse circulation drilling campaign, which has intersected extensive pegmatite swarms with outstanding lithium and tantalum grades for a first pass drilling program.”

Drill result details

The 2,430 metre reverse circulation drill program was designed to test the lateral extent, depth and orientation of four lithium-caesium-tantalum (LCT) prospects.

Assays have been received for six of the 17 complete holes.

Highlights include:

- 13 metres at 1.01% lithium oxide from 107 metres including 7 metres at 1.26% lithium oxide;
- 23 metres at 1.02% lithium oxide from 110 metres including 14 metres at 1.25% lithium oxide;
- 13 metres at 1.01% lithium oxide from 16 metres and 11 metres at 323ppm tantalum pentoxide; and
- 17 metres at 280ppm tantalum pentoxide from 45 metres including 12 metres at 335ppm tantalum pentoxide.

12 months to discovery

Segue commenced systematic exploration of the Malinda Lithium Project 12 months ago after identifying the Thirty Three Supersuite as a fertile and highly fractionated granitic suite which had not been explored for its lithium potential.

After completing a sample stream sediment survey over the company’s 1,100 square kilometre project area, a significant multipoint anomaly was identified near Reid Well.

Follow-up soil and rock chip sampling highlighted four main swarms of pegmatites over a 1.8x1.2 kilometre area with highly anomalous lithium and tantalum values.

Next steps

Assay results for the remaining 11 holes are expected to be announced by the end of September 2017.

The pending assays include thick pegmatites intersected including 26 metres of pegmatite from surface observed in one hole and multiple pegmatite intersections from another totalling 58 metres.

The next reverse circulation drilling program will commence in November 2017 and will systematically step out from current intersections to better understand pegmatite variability and to begin work towards a maiden resource estimate in the March quarter 2018.

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Thu, 21 Sep 2017 07:55:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184328/segue-resources-reveals-thick-lithium-discovery-with-drilling-184328.html
<![CDATA[News - Segue Resources hits broad gold zone in first pass drilling at Barlee ]]> http://www.proactiveinvestors.com.au/companies/news/183954/segue-resources-hits-broad-gold-zone-in-first-pass-drilling-at-barlee-183954.html Segue Resources Ltd (ASX:SEG) has delivered some very encouraging broad zones of gold mineralisation from first pass drilling at the wholly-owned Barlee Gold Project in the Southern Cross Region of Western Australia.

Highlights include:

- T1: 15 metres at 1.48g/t gold from 12 metres.
- T2: 48 metres at 0.67g/t gold from 27 metres.

The importance of these initial results is that they demonstrate the potential of Barlee to host zones of near-surface gold mineralisation.

With the initial success locked away, Segue now has the confidence to commence a 6000 metre air-core and reverse circulation drilling program at the T6, T8 and T11 prospects next month.

This will provide strong news flow for Segue towards the end of 2017.

READ NOW: Segue Resources cashes up to drill gold and lithium projects

Segue recently boosted its cash balance for gold and lithium exploration.

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Thu, 14 Sep 2017 00:48:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183954/segue-resources-hits-broad-gold-zone-in-first-pass-drilling-at-barlee-183954.html
<![CDATA[News - Segue Resources cashes up to drill gold and lithium projects ]]> http://www.proactiveinvestors.com.au/companies/news/183643/segue-resources-cashes-up-to-drill-gold-and-lithium-projects-183643.html Segue Resources Ltd (ASX:SEG) has raised circa $1 million from a placement at $0.03, with the new funds to accelerate drilling programs at its gold and lithium projects in Western Australia.

There is also an additional $340,00 raised from the balance of unmarketable share sale facility, with Segue accepting an offer to purchase the shares at $0.034.

Funding key projects

Segue recently hit multiple pegmatites at its Gascoyne Lithium Project, with assays expected to start flowing through in two weeks.

The drilling to date has confirmed that the Reid Well Prospect consists of a pegmatite swarm with multiple steeply dipping pegmatites.

READ NOW: Segue hits multiple pegmatites at Gascoyne Lithium Project

Segue's Barlee Gold Project is located in the Eastern Goldfields and covers +120 strike kilometres of the Evanston, South Elvire and Yerilgee Greenstone Belts.

WATCH NOW: Segue ready to drill at Barlee Gold Project

The company is now funded to advance exploration at these projects, providing strong news flow over coming months.

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Fri, 08 Sep 2017 12:29:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183643/segue-resources-cashes-up-to-drill-gold-and-lithium-projects-183643.html
<![CDATA[News - Segue Resources to lift cash balance following discovery of pegmatites ]]> http://www.proactiveinvestors.com.au/companies/news/183488/segue-resources-to-lift-cash-balance-following-discovery-of-pegmatites-183488.html Segue Resources Ltd (ASX:SEG) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Earlier in the week drilling intersected multiple pegmatites at the wholly-owned Gascoyne Lithium Project in Western Australia.

READ NOW: Segue hits multiple pegmatites at Gascoyne Lithium Project

The halt will remain in place until the opening of trade on Friday 8th September 2017, or earlier if an announcement is made to the market.

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Wed, 06 Sep 2017 09:54:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183488/segue-resources-to-lift-cash-balance-following-discovery-of-pegmatites-183488.html
<![CDATA[News - Segue Resources hits multiple pegmatites at Gascoyne Lithium Project ]]> http://www.proactiveinvestors.com.au/companies/news/183420/segue-resources-hits-multiple-pegmatites-at-gascoyne-lithium-project-183420.html Segue Resources Ltd (ASX:SEG) has been very actively traded on the ASX today, with nearly six million shares having changed hands by 2pm.

Shares are currently unchanged at $0.036, but earlier in the session traded at much as 19% higher at $0.043.

The trading activity followed details from the maiden reverse circulation drilling program which intersected multiple pegmatites at the wholly-owned Gascoyne Lithium Project in Western Australia.

More specifically the 2500 metre program was testing the Reid Well lithium-caesium-tantalum (LCT) prospect.

The first six holes of the planned 17 hole program have been completed with significant pegmatites intersected in several drill holes up to 35 metres thick.

The intersections are consistent with the previously mapped and sampled surface outcrops and contain mineralisation indicative of LCT pegmatites.

What we know so far

The drilling to date has confirmed that the Reid Well Prospect consists of a pegmatite swarm with multiple steeply dipping pegmatites, within an intensely altered metasedimentary schist package with abundant tourmaline alteration.

Assays are expected in two weeks, as one metre samples for the first six holes have been dispatched to ALS Laboratories in Perth.

Drilling will wrap up this week with final assays expected by the end of September 2017.

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Tue, 05 Sep 2017 14:33:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183420/segue-resources-hits-multiple-pegmatites-at-gascoyne-lithium-project-183420.html
<![CDATA[News - Segue Resources responds to ASX query as interest in West Pilbara provides share boost ]]> http://www.proactiveinvestors.com.au/companies/news/183015/segue-resources-responds-to-asx-query-as-interest-in-west-pilbara-provides-share-boost-183015.html Segue Resources Ltd's (ASX:SEG) shares have been on the move, with the company responding to an ASX price and volume speeding ticket.

Segue shares hit $0.038 intra-day on Friday, a 31% gain on the closing price a day before.

The shares have been rising on the basis of Segue's holdings in an area of Western Australia which is hotting up, and attracting investment.

Segue responded to the ASX by noting:

"On 24 August 2017 ASX-listed Artemis Resources Ltd (ASX:ARV) announced that the TSX Venture Exchange had approved Novo Resources Corp.’s (TSXV:NVO) farm-in and joint venture deal on certain gold rights on Artemis’ tenements in the Karratha region of Western Australia in consideration for 4 million NVO shares currently valued at approximately CAD$19 million.

"The company also notes recent announcements on 23 August 2017 by De Grey Mining Ltd (ASX:DEG) and DGO Gold Ltd (ASX:DGO) describing “Witswatersand” conglomerate hosted gold mineralisation potential which follows the recent discovery by the Novo/Artemis JV of gold nuggets at surface and subsequent confirmation of high grade gold hosted in underlying conglomerates."

Segue has a 100% ownership of a significant tenement holding between Novo, De Grey and DGO Gold in the West Pilbara, south east of Karratha which were granted in November 2016.

Segue remains actively exploring

Moving to another Segue asset, the company recently commenced maiden reverse circulation drilling at the Reid Well lithium-caesium-tantalum prospect in Western Australia.

READ NOW: Segue Resources spins the drill bit at lithium-caesium-tantalum prospect

Drilling also recently wrapped up at the Barlee Gold Project in Western Australia, providing Segue with significant news flow over coming months.

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Mon, 28 Aug 2017 08:22:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183015/segue-resources-responds-to-asx-query-as-interest-in-west-pilbara-provides-share-boost-183015.html
<![CDATA[News - Segue Resources spins the drill bit at lithium-caesium-tantalum prospect ]]> http://www.proactiveinvestors.com.au/companies/news/182635/segue-resources-spins-the-drill-bit-at-lithium-caesium-tantalum-prospect-182635.html Segue Resources Ltd (ASX:SEG) is now underway with its maiden reverse circulation drill program at the Reid Well lithium-caesium-tantalum (LCT) prospect at the company's wholly-owned Gascoyne Lithium Project in Western Australia.

Drilling will cover 2500 metres and take around three weeks to complete, with the assay timeline expected to be late September.

Soil sampling at Reid Well has already identified several mineralised LCT pegmatites and rock chip samples have returned peak values of 3.77% lithium oxide and 669 ppm tantalum pentoxide.

Drilling wraps up at Barlee Gold Project

Segue has completed the maiden air-core / reverse circulation drilling program at the wholly-owned Barlee Gold Project in the Southern Cross Region of Western Australia.

Drilling tested the T1a and T2 gold prospects near the historic Rainy Rocks gold workings.

A total of 199 air-core holes for 3,750 metres were completed along with eight reverse circulation holes for 965 metres.

Assays are expected to be received by the end of August 2017.

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Fri, 18 Aug 2017 09:21:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182635/segue-resources-spins-the-drill-bit-at-lithium-caesium-tantalum-prospect-182635.html
<![CDATA[Media files - Segue Resources ready to drill at Barlee Gold Project ]]> http://www.proactiveinvestors.com.au/companies/stocktube/7878/segue-resources-ready-to-drill-at-barlee-gold-project-7878.html Thu, 03 Aug 2017 20:11:00 +1000 http://www.proactiveinvestors.com.au/companies/stocktube/7878/segue-resources-ready-to-drill-at-barlee-gold-project-7878.html <![CDATA[News - Segue Resources wraps up share purchase plan for gold and lithium ]]> http://www.proactiveinvestors.com.au/companies/news/181736/segue-resources-wraps-up-share-purchase-plan-for-gold-and-lithium-181736.html Segue Resources Ltd (ASX:SEG) has completed its share purchase plan and has issued an additional circa 4.6 million shares pocketing $138,500, with the directors reserving the right to place the shortfall.

The funds will be added to Segue's additional cash to continue its drill programs at the Barlee Gold Project in the Eastern Goldfields and the company’s Gascoyne Lithium Project in the Gascoyne Region of Western Australia.

The focus at Gascoyne is the Reid Well Prospect where rock chips yielded up to 3.77% lithium and 669ppm tantalum.

Adding to the potential, several rock chips returned over 1% lithium, and in addition over half of the rock chips returned values greater than 100ppm tantalum.

Fraser Range Province exposure

Segue also has extensive exposure in the Fraser Range Province of Western Australia.

The Plumridge Nickel Project comprises ~2,500 square kilometres of exploration licences, located 200 kilometres north of the Nova nickel-copper mine.

Segue owns a 100% interest in the project, with MMG Exploration Pty Ltd, a wholly-owned subsidiary of international base metals company MMG Limited (HKEx:1208, ASX:MMG), earning a 51% interest in the Project by funding $6.5 million of exploration.

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Tue, 01 Aug 2017 10:31:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181736/segue-resources-wraps-up-share-purchase-plan-for-gold-and-lithium-181736.html
<![CDATA[News - Segue Resources takes to the skies for drill targets ]]> http://www.proactiveinvestors.com.au/companies/news/181668/segue-resources-takes-to-the-skies-for-drill-targets-181668.html Segue Resources (ASX:SEG) has had a HELITEM survey completed over a large portion of the Plumridge Nickel Project in the Fraser Range province of Western Australia.

A HELITEM survey involves the towing of an electromagnetic transmitter and receiver array underneath a helicopter.

The survey was completed by earn-in partner MMG Exploration Pty Ltd and follows a project-wide detailed gravity survey undertaken in 2016.

All data has been sent to a geology consulting firm for inversion modelling with the aim of drill testing high priority targets in September 2017.

A sizeable portion of the survey has surveyed depths of up to 600 metres.

Ground program

MMG has identified over 15 electro-magnetic (EM) targets and a ground SAMSON Fixed Loop EM (FLEM) survey has commenced.

This ground survey is of selected high priority targets and its purpose is to refine the orientation of bedrock conductor plates prior to drilling.

The ground FLEM program will cover at least 15 targets and is expected to be completed in late August.

Plumridge Nickel Project

Plumridge comprises ~2,500 square kilometres of exploration licences in the world renown Fraser Range.

The project is located 200 kilometres north of the Nova nickel-copper discovery owned by Independence Group NL (ASX:IGO).

Segue owns a 100% interest in the project with earn-in partner, a wholly-owned subsidiary of international base metals company MMG Ltd (HKG:1208).

MMG is earning an initial 51% interest in the project by funding $6.5 million of exploration (Stage 1).

Following Stage 1, MMG has the right to increase its interest in the project to 70% through funding an additional $7.5 million of exploration (Stage 2).

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Mon, 31 Jul 2017 11:54:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181668/segue-resources-takes-to-the-skies-for-drill-targets-181668.html
<![CDATA[News - Segue Resources commences maiden drilling at Barlee Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/181020/segue-resources-commences-maiden-drilling-at-barlee-gold-project-181020.html Segue Resources (ASX:SEG) has commenced its maiden aircore drill program at the Barlee Gold Project in the Southern Cross Region of Western Australia.

The 4,000-metre aircore drilling program will test the T1a and T2 gold prospects near the historical Rainy Rocks gold workings in the northern portion of the project area.

The aircore drilling is expected to be completed within three weeks with assay results to follow in late August.

Drilling at T1 and T2 aims to intersect gold mineralisation at the base of weathering and collect fresh rock samples for analysis.

Following completion of this drilling, Segue will commence a 2,500-metre reverse circulation drilling program at the Gascoyne Lithium Project in mid-August.

The T1 and T2 targets

The T1 target area is the north-east extension of the historic gold workings at Rainy Rocks and Yahoo which had returned rock chips up to 26 g/t gold.

The T1 target is delineated by a1.5x1.4 kilometre gold in soil anomaly including a grouping of 100+ ppb soil samples.

Drilling at the T2 target will test a 3.5x1.4 kilometre gold in soil anomaly.

Soil sampling at T2 included a peak gold in soil value of 220 ppb gold (0.22 g/t gold).

Coincident with the gold in soil anomaly is a bismuth-tungsten-tellurium association indicative o orogenic gold mineralisation.

Follow-up drilling already planned at Barlee

The second phase of aircore drilling, targeting the southern portion of the Barlee Gold Project, is planned to be completed in September 2017.

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Tue, 18 Jul 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/181020/segue-resources-commences-maiden-drilling-at-barlee-gold-project-181020.html
<![CDATA[News - Segue Resources Ltd gets final approvals for lithium drilling ]]> http://www.proactiveinvestors.com.au/companies/news/180650/segue-resources-ltd-gets-final-approvals-for-lithium-drilling-180650.html Segue Resources Ltd (ASX:SEG) has received all approvals required for its maiden drilling program at the Reid Well lithium-caesium-tantalum (LCT) prospect at the 100% owned Gascoyne Lithium Project in Western Australia.

The 2,500-metre reverse circulation drill program will test the lateral extent, depth and orientation of the 1.8x1.2 kilometre high-grade Reid Well LCT target.

Soil sampling at Reid Well has already identified several mineralised LCT pegmatites and rock chip samples have returned peak values of 3.77% lithium oxide and 669 ppm tantalum pentoxide.

Drilling is planned to commence in August 2017 and will take 3-4 weeks to complete.

Assay results are expected to be received by the end of September 2017.

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Tue, 11 Jul 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180650/segue-resources-ltd-gets-final-approvals-for-lithium-drilling-180650.html
<![CDATA[News - Segue Resources Ltd extends share offer to fund gold and lithium exploration ]]> http://www.proactiveinvestors.com.au/companies/news/180637/segue-resources-ltd-extends-share-offer-to-fund-gold-and-lithium-exploration-180637.html Segue Resources Ltd (ASX:SEG) is gearing up for exploration projects over its gold and lithium interests in Western Australia.

To fund the next steps, Segue has extended its share purchase plan which was first outlined in early June.

The closing date of the plan is now the 26th July 2017, allowing for eligible holders to invest up to $15,000 at $0.03 per share.

The funds raised will be used to commence drilling at the Barlee Gold Project in the Eastern Goldfields, and at the Gascoyne Lithium Project.


Approvals in place at Barlee

Segue has already Segue received approvals for its maiden drilling at Barlee, with a plan for a 4,000-metre aircore program.

Drilling will be based on soil sampling that has been completed on a 400x100 metres grid over the 14 gold targets identified.


Discovery at Gascoyne

Segue recently discovered significant lithium-caesium-tantalum mineralisation at the Reid Well prospect within the Gascoyne Lithium Project.

Assays from rock chips exhibited 1.02% lithium oxide and 530ppm tantalum pentoxide.

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Tue, 11 Jul 2017 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180637/segue-resources-ltd-extends-share-offer-to-fund-gold-and-lithium-exploration-180637.html
<![CDATA[News - Segue Resources receives approval to drill Barlee Gold Project ]]> http://www.proactiveinvestors.com.au/companies/news/179777/segue-resources-receives-approval-to-drill-barlee-gold-project-179777.html Segue Resources (ASX:SEG) has received approvals for its maiden drilling program at the Barlee Gold Project in the Southern Cross Region of Western Australia.

The 4,000-metre aircore drilling program will commence in mid-July 2017 and is expected to be completed within three weeks.

Assays would then be expected in late August.

Drilling will be based on soil sampling that has been completed on a 400x100 metres grid over the 14 gold targets identified.

Assay results have now been received from soil sampling across the southern portion of the project, which has delineated gold anomalies at T8, T10, T11, T12 and T14.


Latest soil sampling results

The T8 target area returned two anomalous gold prospects – T8a and T8b.

T8a is a 3.6x0.8 kilometre gold anomaly and T8b is a 1.7x0.8 kilometre gold anomaly, both of which are associated with pathfinder elements.

The T11 target area also returned two anomalous gold prospects – T11a and T11b.

T11a is a 7.0x0.5 kilometre gold anomaly and T12b is a 11.2 x1.3 kilometre gold anomaly, both of which are associated with pathfinder elements.

During soil sampling, a shallow historical working was discovered and rock chipped with assays returning up to 9.1 g/t gold from a shear hosted quartz vein.


Planned drilling

Approvals have been received for Segue to commence its maiden drill programme at the T1 and T2 prospects.

This aircore drilling will comprise 4,000 metres.

Segue is also planning to drill an additional 6,000 metres of aircore drilling at the T6, T8 and T11 prospects once all necessary approvals are granted.

This drilling program is expected to take place in September 2017.

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Mon, 26 Jun 2017 11:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179777/segue-resources-receives-approval-to-drill-barlee-gold-project-179777.html
<![CDATA[News - Segue Resources to pass on tax credits to shareholders ]]> http://www.proactiveinvestors.com.au/companies/news/179508/segue-resources-to-pass-on-tax-credits-to-shareholders-179508.html Segue Resources (ASX:SEG) will pass on the Federal Government’s Exploration Development Incentive (EDI) credits from the 2016 tax year to its shareholders under the scheme.

The scheme enables Segue to create EDI credits by giving up a portion of its tax losses and distributing these EDI credits to its shareholders. 

Australian tax resident shareholders that are issued with an EDI credit will be entitled to a refundable tax offset (for individuals and super funds) or franking credits (for companies).

Segue shareholders will receive a pro-rata distribution of $155,109 of EDI credits, which equates to $0.001411 per share.

The record date for shareholder entitlements to the 2016 EDI credits is 5pm (AWST) on Tuesday, 30 May 2017.

EDI credits will be rounded down to the nearest dollar and the minimum EDI credit to be issued will be $1.

The 2016 EDI credits can be claimed in the 2016/17 tax year.

Furthermore, Segue’s substantial shareholder, Croesus Mining Pty Ltd <Steinepreis Super Fund A/c and The Second Super Fund A/c> has increased its stake in the company.

Through a variety of purchases in the first half of May, the entity increased its holding to 8.35% from 7.17%.

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Tue, 20 Jun 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179508/segue-resources-to-pass-on-tax-credits-to-shareholders-179508.html
<![CDATA[News - Segue Resources completes placement for immediate drilling ]]> http://www.proactiveinvestors.com.au/companies/news/178941/segue-resources-completes-placement-for-immediate-drilling-178941.html Segue Resources (ASX:SEG) has completed a private share placement to raise $825,000 to fund drilling programs.

27.5 million shares will be issued priced at $0.03 together with 1:2 attaching options exercisable at $0.07 expiring 31 December 2019.

The proceeds from the placement will be used to fund maiden drilling programs at the Barlee Gold and Gascoyne Lithium Projects located in Western Australia.

Segue will commence a 4,000 metre aircore drilling program in July to test drill gold anomalies at the T1 and T2 targets at the Barlee Gold Project.

A 6,000 metre aircore drilling program at the Barlee Gold Project is also planned to be completed over the southern tenements in September 2017, once soil sampling results are received, tenements are granted and approvals received.

At the Gascoyne Lithium Project, Segue has submitted a program of work to undertake a maiden 2,500 metre reverse circulation drill program.

Drilling will test the lateral and depth extent of the 1.8x1.2 kilometre, high grade Reid Well LCT prospect.

Drilling is expected to commence in August 2017, once all necessary approvals have been received.


Share purchase plan

In conjunction with the placement, Segue will offer eligible shareholders the opportunity to participate in a share purchase plan (SPP) to raise up to $1.0 million.

Shares available under the SPP will be priced at $0.03 and shareholders recorded on the register as at 7 June 2017 can subscribe for up to $15,000 worth of shares.

The SPP offer closes 12 July, 2017.

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Thu, 08 Jun 2017 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178941/segue-resources-completes-placement-for-immediate-drilling-178941.html
<![CDATA[News - Segue Resources to lift funds for gold, lithium and nickel exploration ]]> http://www.proactiveinvestors.com.au/companies/news/178804/segue-resources-to-lift-funds-for-gold-lithium-and-nickel-exploration-178804.html Segue Resources (ASX:SEG) has been granted a trading halt by the ASX, pending details of a capital raising.

The halt will remain in place until the opening of trade on Thursday 8th June 2017, or earlier if an announcement is made to the market.

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Tue, 06 Jun 2017 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178804/segue-resources-to-lift-funds-for-gold-lithium-and-nickel-exploration-178804.html
<![CDATA[News - Segue Resources prepares for gold drilling at Barlee ]]> http://www.proactiveinvestors.com.au/companies/news/178096/segue-resources-prepares-for-gold-drilling-at-barlee-178096.html Segue Resources (ASX:SEG) has now completed soil sampling over all 14 gold targets at the Barlee Gold Project in the Southern Cross Region of Western Australia.

Results from targets T1 to T7 have been received and targets T8 to T14 are expected to be received by the end of May.

The soil sampling has delineated significant anomalies from T2, T6 and T7, which complement the previously released results from T1.

Exploration licence E77/2403, which contains the T1a, T2a and T2b targets has now been granted and a program of work has been submitted for a maiden drilling program.

It is anticipated that approvals will be received within 6 to 8 weeks in place for a 4,000 metre aircore drilling program to commence in July 2017.

Segue will undertake infill soil sampling over priority gold prospects in the coming weeks, prior to commencing drilling.

The company is also preparing for a maiden reverse circulation drilling program at its Reid Well lithium‐caesium-tantalum prospect at the 100% owned Gascoyne Lithium Project in Western Australia.

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Mon, 22 May 2017 12:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/178096/segue-resources-prepares-for-gold-drilling-at-barlee-178096.html
<![CDATA[News - Segue Resources assays highest grades yet at Reid Well ]]> http://www.proactiveinvestors.com.au/companies/news/177624/segue-resources-assays-highest-grades-yet-at-reid-well-177624.html Segue Resources (ASX:SEG) has identified additional high grade rock chips from the Reid Well lithium‐caesium-tantalum prospect at the 100% owned Gascoyne Lithium Project in Western Australia.

A total of 68 rock chips were collected with 7 samples assaying over 1% lithium oxide and peak values of 3.77%, 2.22% and 1.89% lithium oxide.

In addition, 34 rock chips returned values greater than 100 ppm tantalum pentoxide including 669 ppm and 636 ppm tantalum pentoxide.

These grades represent the highest sampled to date at Reid Well and come from an area not previously sampled.

The rock chip program was following up soil anomalies and has confirmed an outcropping pegmatite measuring 1.8x1.2 kilometres.
           

Drilling at Reid Well

The Reid Well Prospect is located within exploration licence application E09/2169, which is currently pending grant.

Segue anticipates that the tenement will be granted within the next four weeks.

Once the tenement has been granted, Segue will submit a program of works for drilling at Reid Well.

A maiden reverse circulation drilling program will commence as soon as all necessary approvals have been received.

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Thu, 11 May 2017 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177624/segue-resources-assays-highest-grades-yet-at-reid-well-177624.html
<![CDATA[News - Segue Resources substantial shareholder increases stake ]]> http://www.proactiveinvestors.com.au/companies/news/177339/segue-resources-substantial-shareholder-increases-stake-177339.html Segue Resources (ASX:SEG) substantial shareholder has increased its stake in the company to 7.17% from 5.73%.

The substantial holder is represented by the following entities: Croesus Mining Pty Ltd, N&J Mitchell Holdings Pty Ltd, Ascent Capital Holdings and Cetacean Petroleum Pty Ltd.

The increase in holding came from a combination of participation in the recent placement and on-market purchases.

Segue is currently conducting a soil sampling program at its Barlee Gold Project in Western Australia.

The program is comprised of 14 target areas with assays from the first target, T1, recently received, with values of 0.6 g/t gold, 0.46 g/t gold and 0.33 g/t gold measured over three discrete gold prospects.

Segue plans to be drilling at the Barlee Gold Project by July.

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Fri, 05 May 2017 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177339/segue-resources-substantial-shareholder-increases-stake-177339.html
<![CDATA[News - Segue Resources receives first soil assays from Barlee Gold ]]> http://www.proactiveinvestors.com.au/companies/news/177277/segue-resources-receives-first-soil-assays-from-barlee-gold-177277.html Segue Resources (ASX:SEG) has completed soil sampling from 4 of its planned 14 gold targets at the Barlee Gold Project in the Southern Cross Region of Western Australia.

Assays from the first target, T1, have been received, with values of 0.6 g/t gold, 0.46 g/t gold and 0.33 g/t gold measured over three discrete gold prospects.

The original targets for the soil sampling program were identified through previous gold and pathfinder element sampling.

Assay results from the T2 -T4 target areas are expected to be received within two weeks.

After a short weather delay, the soil sampling program has recommenced over target areas T5-T14 and is expected to be finished by the end of May.


T1 soil assays

The T1 target area occurs in the Evanston Greenstone Belt immediately along strike from the historic Evanston Gold Mine and Rainy Rocks prospector workings.

Initial soil sampling at the T1 area has delineated three extensive gold anomalies with associated pathfinder elements indicative of an orogenic gold system.

The presence of these pathfinder elements indicates that the prospects within T1 have undergone hydrothermal alteration by a potentially gold bearing fluid.


More rock chips from Rainy Rocks

While soil sampling at T1, Segue also collected five rock chips located two kilometres from the Rainy Rocks prospect.

Three of the rock chips returned significant gold mineralisation including 22.6 g/t gold, 9.13 g/t gold and 7.37g/t gold.

These rock chips results together with previous samples from the Rainy Rocks prospect, which included 23.7 g/t gold, confirm the high‐grade nature of mineralisation in this region.


Follow-up plans

Segue plans on commencing a second phase of infill soil sampling over priority gold prospects in June.

Subject to the granting of exploration licences and regulatory approvals being received, Segue is anticipating commencing first pass drilling at the Barlee Gold Project in July 2017.

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Thu, 04 May 2017 14:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177277/segue-resources-receives-first-soil-assays-from-barlee-gold-177277.html
<![CDATA[News - Segue Resources gets confirmation for share consolidation ]]> http://www.proactiveinvestors.com.au/companies/news/176561/segue-resources-gets-confirmation-for-share-consolidation-176561.html Segue Resources (ASX:SEG) has gained shareholder approval for a 1:35 share consolidation that will see 3.86 billion shares on issue turn into 110.4 million shares on issue.

The company is now trading in the re‐organised securities on a deferred settlement basis as ‘SEGDC’.

Segue expects trading under share code ‘SEG’ to resume following the Issue Date on 28 April 2017.

The share reorganisation follows the recently received soil survey results conducted at its Reid Well lithium‐caesium‐tantalum (LCT) prospect at the Gascoyne Lithium Project in Western Australia.

The program successfully delineated a 1.3x1.0 kilometre lithium and tantalum anomaly, with soil samples grading up to 0.8% lithium oxide.

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Wed, 19 Apr 2017 12:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176561/segue-resources-gets-confirmation-for-share-consolidation-176561.html
<![CDATA[News - Segue Resources identifies lithium and tantalum anomaly ]]> http://www.proactiveinvestors.com.au/companies/news/176346/segue-resources-identifies-lithium-and-tantalum-anomaly-176346.html Segue Resources (ASX:SEG) has received soil survey results conducted at its Reid Well lithium‐caesium‐tantalum (LCT) prospect at the Gascoyne Lithium Project in Western Australia.

The program has successfully delineated a 1.3x1.0 kilometre lithium and tantalum anomaly, with soil samples grading up to 0.8% lithium oxide.

The soil anomaly is consistent with other recent high grade lithium and tantalum rock chip samples and appear to be contained within a previously unidentified zoned LCT pegmatite.

The soil sampling program consisted of circa 1,500 samples collected on a 50x50 metre and 100x100 metre grid spacing.

In addition to the soil sampling, a further 64 rock chips have been received with assay results including 0.65% lithium oxide and 554 ppm tantalum pentoxide.

Assays from the 64 rock chips confirmed mineralisation with 14 samples returning values between 0.3% and 1.03% lithium oxide and 63 samples returning values between 100ppm and 554ppm tantalum pentoxide.

The Reid Well Prospect is located within exploration licence application E09/2169, which is currently pending grant. 

Once the tenement has been granted, Segue will submit a program of works for approval as a precursor to drilling at the Reid Well Prospect.

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Wed, 12 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176346/segue-resources-identifies-lithium-and-tantalum-anomaly-176346.html
<![CDATA[News - Segue Resources eyes multiple gold targets ]]> http://www.proactiveinvestors.com.au/companies/news/175633/segue-resources-eyes-multiple-gold-targets-175633.html Segue Resources (ASX:SEG) has identified multiple gold targets at its Barlee Gold Project located in the renown Eastern Goldfields of Western Australia.

The targets were identified from the recently completed geochemical sampling program, which was combined with litho‐structural interpretation and historical exploration.

This resulted in a total of 14 targets being identified.

Segue will commence soil sampling at the targets within two weeks which will be followed by magnetic surveys in April.

The work programs are aimed to be completed by June 2017 and, upon the tenements being granted, will be able to start drilling as soon as approvals are obtained.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee Gold Project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Barlee Gold Project

Segue has a 100% interest in the 1,000 square kilometre Barlee gold project, which covers the Evanston, South Elvire and Yerligee Greenstone Belts which straddle the Evanston and Yuinmery Shear Zone.

The recently completed work program and targeting exercise has led Segue to apply for two additional tenements of 240 square kilometres expanding Segue’s footprint.

A total of 24 rock chip samples were recently collected from the Rainy Rocks prospect, over a strike length of 100 metres.

Highlights included 23.7 g/t gold, 5.6 g/t gold, 4.2 g/t gold and 4.0 g/t gold.

Half of the samples from the 24 rock chip sample program returned assay results of over 1.0 g/t gold.


Recent lithium‐caesium-tantalum discovery

Segue recently discovered significant lithium‐caesium-tantalum (LCT) mineralisation at the Reid Well prospect within the Gascoyne Lithium Project in Western Australia.

Assays from the first batch of rock chips from Reid Well exhibited 1.02% lithium oxide and 530ppm tantalum pentoxide.

The rock chips were collected as part of a detailed soil sampling program which was designed to follow up on the high priority Reid Well stream sediment anomaly.

Segue is currently completing a petrologic study on the results and is also expecting assays from a second batch of 64 samples collected from an adjacent pegmatite outcrop.

In addition to the rock chips, a total of 1,524 soil samples were collected over the greater Reid Well prospect area and the assay results are expected by mid‐April.

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Thu, 30 Mar 2017 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/175633/segue-resources-eyes-multiple-gold-targets-175633.html
<![CDATA[News - Segue Resources discovers lithium and tantalum at Reid Well ]]> http://www.proactiveinvestors.com.au/companies/news/174881/segue-resources-discovers-lithium-and-tantalum-at-reid-well-174881.html Segue Resources (ASX:SEG) has discovered significant lithium‐caesium-tantalum (LCT) mineralisation at the Reid Well prospect within the Gascoyne Lithium Project in Western Australia.

Assays from the first batch of rock chips from Reid Well have exhibited 1.02% lithium oxide and 530ppm tantalum pentoxide.

The rock chips were collected as part of a detailed soil sampling program which was designed to follow up on the high priority Reid Well stream sediment anomaly.

Segue is currently completing a petrologic study on the results and is also expecting assays from a second batch of 64 samples collected from an adjacent pegmatite outcrop.

In addition to the rock chips, a total of 1,524 soil samples were collected over the greater Reid Well prospect area and the assay results are expected by mid‐April.


Rock chip results

The 65 rock chips were collected from the outcropping outer margin of a pegmatite covering 1,000x250 metres within Segue’s 100% owned tenement application E09/2169. 

A total of 12 samples returned lithium results above 0.3% lithium oxide with associated elevated caesium and rubidium.

In addition, two‐thirds of the samples contained tantalum grades of over 100ppm tantalum pentoxide peaking at 530ppm.


Next steps

Segue is currently completing a petrologic study of the 12 rock chips with lithium assays above 0.3% lithium oxide to confirm mineralogy and determine the lithium minerals present.

The study is expected to be completed within three weeks.

A second batch of rock chips have been collected from an adjacent pegmatite outcrop with assay results from the batch of 64 rock chips samples expected in early April.

In addition to the rock chips, a total of 1,524 soil samples were collected over the greater Reid Well prospect area that are currently being assayed, with the results expected by mid‐April.

The results of the soil and rock chip samples should help delineate the extents and potentially the different chemical zonations present within the mineralised pegmatite.


Analysis

The assay results from Reid Well are comparable to lithium‐antalum deposits around the world, including Pilgangoora and Mt Cattlin in Western Australia and the Rose Project in Canada.

The potential for high grade tantalum and alluvial tantalum in addition to the lithium at Reid Well is considered by Segue to be significant.

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Thu, 16 Mar 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174881/segue-resources-discovers-lithium-and-tantalum-at-reid-well-174881.html
<![CDATA[News - Segue Resources to reveal lithium results ]]> http://www.proactiveinvestors.com.au/companies/news/174720/segue-resources-to-reveal-lithium-results-174720.html Segue Resources (ASX:SEG) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Segue requested the halt pending exploration results from the Gascoyne Lithium Project.

The halt will remain in place until the opening of trade on Thursday 16th March 2017, or earlier if an announcement is made to the market.

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Tue, 14 Mar 2017 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174720/segue-resources-to-reveal-lithium-results-174720.html
<![CDATA[News - Segue Resources outlines share consolidation ]]> http://www.proactiveinvestors.com.au/companies/news/174658/segue-resources-outlines-share-consolidation-174658.html Segue Resources (ASX:SEG) is seeking shareholder approval to conduct a 1:35 share consolidation.

The consolidation, if passed, will reduce the number of shares on issue from 3.86 billion to 110.5 million.

The share consolidation will be one of three resolutions voted on at the upcoming general meeting scheduled for 13 April, 2017.

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia.

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Free-carried nickel exploration

Segue will continue to have exposure to nickel through free-carried exploration at its Plumridge Nickel Project in the Fraser Range of Western Australia.

The company currently owns a 100% interest but a subsidiary of MMG Ltd (HKG:1208) is earning an initial 51% interest in the project by funding $6.5 million of exploration.

Following this first stage earn-in, MMG has the right to increase its interest in the project to 70% through funding an additional $7.5 million of exploration.

During 2016, MMG completed a high resolution gravity survey over the majority of the 2,500 square kilometre project area and commenced a moving loop electromagnetic (MLEM) survey.

In 2017, MMG will complete a 6,000 line kilometre airborne electromagnetic (EM) survey, to be undertaken in April.

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Mon, 13 Mar 2017 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174658/segue-resources-outlines-share-consolidation-174658.html
<![CDATA[News - Segue Resources exposed to more free carried nickel exploration ]]> http://www.proactiveinvestors.com.au/companies/news/174506/segue-resources-exposed-to-more-free-carried-nickel-exploration-174506.html Segue Resources (ASX:SEG) will continue to have exposure to a rising nickel price through free-carried exploration at its Plumridge Nickel Project in the Fraser Range of Western Australia.

The company currently owns a 100% interest but a subsidiary of MMG Ltd (HKG:1208) is earning an initial 51% interest in the project by funding $6.5 million of exploration.

Following this first stage earn-in, MMG has the right to increase its interest in the project to 70% through funding an additional $7.5 million of exploration.

During 2016, MMG completed a high resolution gravity survey over the majority of the 2,500 square kilometre project area and commenced a moving loop electromagnetic (MLEM) survey.

In 2017, MMG will complete a 6,000 line kilometre airborne electromagnetic (EM) survey, to be undertaken in April.


Post EM survey plan

All data will be processed by an external consultant, who is an expert in interpretation of airborne geophysical data and inversion of EM data affected by induced polarisation.

2D sections will be used to identify conductors which can then be modelled and assessed in 3D with potential field inversions and drilling, if available.

The review is expected to be completed by the end of May.

Top ranked targets will then be followed up with high powered, low frequency, fixed loop ground EM to further constrain geometry and assist in ranking drill targets.

Ground EM is expected to take 3‐4 weeks, and will take place circa one month after the airborne EM survey is completed.

MMG plans on completing reverse circulation drilling on the highest priority targets in July-August 2017.

All holes will be cased for down-hole EM surveying to be undertaken in a short campaign during the latter stages of drilling.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia.

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).

]]>
Thu, 09 Mar 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174506/segue-resources-exposed-to-more-free-carried-nickel-exploration-174506.html
<![CDATA[News - Segue Resources commences lithium survey ahead of planned drilling ]]> http://www.proactiveinvestors.com.au/companies/news/174075/segue-resources-commences-lithium-survey-ahead-of-planned-drilling-174075.html Segue Resources (ASX:SEG) has commenced a surface geochemical survey at the Gascoyne Lithium Project located in Western Australia.

The survey is following up on high priority lithium‐caesium‐tantalum (LCT) pegmatite prospects identified in the previous project‐wide stream sediment program.

Fieldwork will focus on the high priority Reid Well pegmatite prospect and other priority targets areas.

The program at Reid Well will consist of close spaced soil sampling and systematic rock chipping of outcropping pegmatites.

Fieldwork is expected to be completed by mid‐March with results expected by the end of March.

The aim of the program is to delineate LCT pegmatite targets at Reid Well for drill testing once the tenements are granted.


Reid Well prospect

The high priority Reid Well prospect is a 10 square kilometre, multipoint anomaly hosted in sediments within 3 kilometres of fertile and fractionated granite of the Thirty Three Supersuite. 

This anomaly shows zonation from a caesium outer halo to an inner core of LCT and potentially niobium beryllium and rubidium.

The geological setting of this anomaly within 3 kilometres of the potential source intrusion is highly significant and consistent with major lithium deposits, such as Pilgangoora in Western Australia and Tanco, Mavis Lake and Raleigh Lake in Canada.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Gascoyne lithium project

Segue recently completed its second phase of exploration at the Gascoyne lithium project in Western Australia.

The exploration program consisted of 1,300 stream sediment samples covering 1,100 square kilometres of exploration licences prospective for LCT pegmatites.

Previous exploration work by Segue identified the Thirty Three Supersuite as being the potential source for LCT pegmatites.

The project area has a well-developed drainage system and the stream sediment program was designed to identify lithological packages with anomalous LCT pegmatite pathfinder elements.

These pathfinder elements can act as indicators for the erosion of an outcropping or sub-cropping mineralised LCT pegmatite.

The five targets identified were Reid Well, Tree Well, Dunlop Well, Morrissey Hill and Camel Hill.

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Thu, 02 Mar 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174075/segue-resources-commences-lithium-survey-ahead-of-planned-drilling-174075.html
<![CDATA[News - Segue Resources uncovers lithium-caesium-tantalum targets ]]> http://www.proactiveinvestors.com.au/companies/news/170637/segue-resources-uncovers-lithium-caesium-tantalum-targets-170637.html Segue Resources (ASX:SEG) has identified several lithium-caesium-tantalum (LCT) targets through stream sediment surveys at the 1,100 square kilometre Gascoyne Lithium Project located in Western Australia.

Segue has located five prospects with LCT pathfinder element anomalism in the correct geological setting.

The highest priority prospect is Reid Well where a 10 square kilometre anomaly has been defined.

A soil sampling and rock chip program at each of the prospects will be undertaken during the March quarter of 2017 aimed at identifying drill targets.

Steven Michael, managing director, commented:

"Within six months of acquiring the project, Segue has confirmed a fertile and fractionated granite suite (Thirty Three Supersuite) and has now identified several areas of lithium anomalism, including the Red Well prospect which has several anomalies over 10 square kilometres."


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Gascoyne lithium project

Segue has completed its second phase of exploration at the Gascoyne lithium project in Western Australia.

The exploration program consisted of 1,300 stream sediment samples covering 1,100 square kilometres of exploration licences prospective for LCT pegmatites.

Previous exploration work by Segue identified the Thirty Three Supersuite as being the potential source for LCT pegmatites.

The project area has a well-developed drainage system and the stream sediment program was designed to identify lithological packages with anomalous LCT pegmatite pathfinder elements.

These pathfinder elements can act as indicators for the erosion of an outcropping or sub-cropping mineralised LCT pegmatite.

The five targets identified were Reid Well, Tree Well, Dunlop Well, Morrissey Hill and Camel Hill.


Reid Well

Reid Well is a 10 square kilometre, multipoint anomaly within 3 kilometres of a fertile and fractionated granite of the Thirty Three Supersuite.

The anomaly shows zonation from the caesium outer halo to an inner core of LCT anomalism plus niobium, beryllium and rubidium.

The geological setting of this anomaly within 3 kilometres of the source intrusion is significant and consistent with major lithium deposits, such as Pilgangoora in Western Australia and Tanco, Mavis Lake and Raleigh Lake in Canada.


Analysis

The identification of five high priority targets from the recent survey provide yet another platform for Segue to produce exploration based news flow from.

The Reid Well target shows similarities to major lithium deposits and the follow-up soil and rock chip sampling program will help Segue understand the prospectivity of the target.

Segue remains active across multiple projects and commodities having commenced a follow-up geochemical program at the Barlee gold project after recently sampling up to 23.7 g/t gold from rock chips.

Furthermore, following the successful aircore drilling program at the Plumridge Gold Project in September 2016, Segue will undertake an ultra-high resolution aeromagnetic survey over the project area in December 2016.

The detailed survey will better define drill targets for a reverse circulation drill program in 1H 2017.

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Mon, 19 Dec 2016 11:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/170637/segue-resources-uncovers-lithium-caesium-tantalum-targets-170637.html
<![CDATA[News - Segue Resources Ltd assays high-grade gold Barlee ]]> http://www.proactiveinvestors.com.au/companies/news/169364/segue-resources-ltd-assays-high-grade-gold-barlee-169364.html Segue Resources Ltd (ASX:SEG) has received high grade gold assays from recent rock chip sampling at the Rainy Rocks prospect within the Barlee gold project located in Western Australia.

Highlights included 23.7 g/t gold, 5.6 g/t gold, 4.2 g/t gold and 4.0 g/t gold.

Half of the samples from the 24 rock chip sample program returned assay results of over 1.0 g/t gold.

A historical rotary air-blast drill hole from 2004 intersected 18 metres at 1.18 g/t gold including 4 metres at 3.8 g/t gold.

A follow up geochemical program will commence next week and is expected to be completed by December.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).

Segue has a 100% interest in the 1,000 square kilometre Barlee gold project, which covers the Evanston, South Elvire and Yerligee Greenstone Belts which straddle the Evanston and Yuinmery Shear Zone.

The Rainy Rocks prospect is located on the north-eastern limb of a tightly folded anticline containing ultramafic rocks and banded iron formations.

A total of 24 rock chip samples were collected from the Rainy Rocks workings, over a strike length of 100 metres.


Analysis

These high grade rock chip samples taken from Rainy Rocks are indicative of the project hosting prospective drill targets.

The geological setting of the Rainy Rocks prospect and wider Evanston Greenstone Belt is characteristic of banded iron formation hosted gold deposits within the Southern Cross Domain.

Historical production and current resources from these types of deposits in the Southern Cross district include:

- Copperhead (7.4 million tonnes at 5.53 g/t gold);
- Cornishman (3.3 million tonnes at 4.56 g/t gold);
- Golden Pig (1.5 million tonnes at 4.87g/t gold); and
- Nevoria (8.8 million tonnes at 3.2 g/t gold).

Prospective areas will be followed up with the aim of defining drill targets to coincide with the granting of the tenements.

Outside of the Barlee project, Segue expects to receive the assay results from the recently completed stream sediment sampling program at the Gascoyne Lithium Project by the end of November.

These results will be used to define areas of lithium anomalism for detailed follow-up exploration in early 2017.

Following the successful aircore drilling program at the Plumridge Gold Project in September 2016, Segue will undertake an ultra-high resolution aeromagnetic survey over the project area in December 2016.

The detailed survey will better define drill targets for a reverse circulation drill program in 1H 2017.

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Wed, 23 Nov 2016 11:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169364/segue-resources-ltd-assays-high-grade-gold-barlee-169364.html
<![CDATA[News - Segue Resources Ltd to reveal assays from Barlee Gold ]]> http://www.proactiveinvestors.com.au/companies/news/169220/segue-resources-ltd-to-reveal-assays-from-barlee-gold-169220.html The halt will remain in place until the opening of trade on Wednesday 23rd November 2016, or earlier if an announcement is made to the market.

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Mon, 21 Nov 2016 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169220/segue-resources-ltd-to-reveal-assays-from-barlee-gold-169220.html
<![CDATA[News - Segue Resources Ltd gets strong support to fund gold and lithium exploration ]]> http://www.proactiveinvestors.com.au/companies/news/169113/segue-resources-ltd-gets-strong-support-to-fund-gold-and-lithium-exploration-169113.html Segue Resources Ltd (ASX:SEG) has raised $1.2 million through the placement of 600 million shares to existing and new shareholders.

The placement was heavily supported with the initial capital raising target being increased by 20% to $1.2 million from $1 million

The effective issue price of shares was $0.002 and for every 2 shares, investors received 1 free option exercisable at $0.005, expiring 30 June 2019.

Secured funds will be used to accelerate exploration at the Barlee Gold Project, Gascoyne Lithium Project and Plumridge Gold Project in Western Australia.

Shareholder approval is required for the issue of 100 million of the shares and all 300 million options.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Upcoming work programs

Segue will commence a project-wide bulk leach extractable gold survey at the Barlee Gold Project in late November 2016. 

The survey is expected to take four weeks and aims to identify areas of gold anomalism for follow-up detailed soil sampling in 1Q 2017.

Segue also expects to receive the assay results from the recently completed stream sediment sampling programme at the Gascoyne Lithium Project by the end of November. 

These results will be used to define areas of lithium anomalism for detailed follow-up exploration in early 2017.

Following the successful aircore drilling programme at the Plumridge Gold Project in September 2016, Segue will undertake an ultra-high resolution aeromagnetic survey over the project area in December 2016. 

The detailed survey will better define drill targets for a reverse circulation drill program in 1H 2017.


Analysis

Securing funding through the placement of shares will ensure Segue stays leveraged to exploration news flow related to multiple projects and commodities.

Furthermore, the investor demand causing the raising to be expanded by 20% is a testament to the company and its projects.

Assay results are expected to be received this month from Barlee gold project and Gascoyne lithium project.

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Thu, 17 Nov 2016 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169113/segue-resources-ltd-gets-strong-support-to-fund-gold-and-lithium-exploration-169113.html
<![CDATA[News - Segue Resources Ltd to increase funds for Fraser Range ]]> http://www.proactiveinvestors.com.au/companies/news/168964/segue-resources-ltd-to-increase-funds-for-fraser-range-168964.html The halt will remain in place until the opening of trade on Thursday 17th November 2016, or earlier if an announcement is made to the market.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).

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Tue, 15 Nov 2016 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168964/segue-resources-ltd-to-increase-funds-for-fraser-range-168964.html
<![CDATA[News - Segue Resources Ltd acquires untested gold anomalies in Western Australia ]]> http://www.proactiveinvestors.com.au/companies/news/168786/segue-resources-ltd-acquires-untested-gold-anomalies-in-western-australia-168786.html Segue Resources Ltd (ASX:SEG) has acquired three exploration licences containing numerous gold targets in the Yerilgee Greenstone Belt of Western Australia.

The new tenements expand its Barlee Gold Project in the Eastern Goldfields of Western Australia.

Segue will commence its first major exploration program at the expanded Barlee Gold Project in late November 2016.

Steven Michael, managing director, commented: "Segue has secured a 100% interest in 1,000 square kilometres of exploration tenements covering highly prospective greenstone belts in the Southern Cross District of Western Australia. 

“The Barlee Gold Project is Segue’s flagship exploration project and has the potential to rapidly develop as a gold camp.”


Expanded Barlee Gold Project

This acquisition expands the Barlee project to consist of five exploration licences covering over 100 kilometres of strike across three belts.

At Barlee North, Segue recently completed a geochemical survey.

Barlee South consists of the three recently acquired exploration licence.

The planned fieldwork is expected to be completed by late December and used to define drill targets.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Analysis

The acquisition of these new tenements means Segue now controls the majority of the Yerilgee greenstone belt in the Southern Cross region.

This region hosts over 20 million ounces of known gold endowment. 

Encouragingly, the Barlee Gold Project lies 15 kilometres from global gold miner, Newmont Mining Corporation’s recently granted new gold exploration project.

Gold exploration at the Barlee was undertaken in the 1980s and 90s, in a significantly lower gold price environment, with many of the gold anomalies identified having no follow-up exploration. 

The project has been explored for iron ore for the majority of the past 15 years, which provides Segue with the opportunity to use modern exploration techniques to evaluate targets.

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Thu, 10 Nov 2016 12:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168786/segue-resources-ltd-acquires-untested-gold-anomalies-in-western-australia-168786.html
<![CDATA[News - Segue Resources awaits gold and lithium assays ]]> http://www.proactiveinvestors.com.au/companies/news/167542/segue-resources-awaits-gold-and-lithium-assays-167542.html The Gascoyne lithium project is prospective for lithium-caesium-tantalum (LCT) pegmatites and Segue has completed an exploration program of over 1,400 stream sediment samples.

This represents the second phase of exploration at the project.

Segue has also commenced an initial rock chip and geochemical survey at the Barlee gold project located in the Eastern Goldfields of Western Australia.

Assay results are expected to be received during November from both exploration programs.


Background

Segue is a mineral explorer with six projects exploring for nickel, gold and lithium in Western Australia

The project portfolio includes:

- Nickel: Plumridge Nickel JV with MMG Ltd (HKG:1208);
- Nickel: Deralinya project;
- Nickel: Pardoo JV with Caeneus Minerals Ltd (ASX:CAD);
- Gold: Plumridge gold project;
- Gold: Barlee gold project; and
- Lithium: Gascoyne lithium (includes JV with Zeus Resources Ltd (ASX:ZEU)).


Gascoyne lithium project

Segue has completed its second phase of exploration at the Gascoyne lithium project in Western Australia. 

The exploration program consisted of over 1,400 stream sediment samples covering 1,000 square kilometres of exploration licences prospective for LCT pegmatites.

Previous exploration work by Segue identified the Thirty Three Supersuite as being the potential source for LCT pegmatites. 

The current program encountered pegmatite swarms throughout the project area with previously unidentified pegmatites discovered to the south of the target host intrusions. 

The pegmatites are consistent with known lithium mineralisation in the area.


Barlee gold project

Segue applied for two exploration licences covering 300 square kilometres of highly prospective greenstone belts in the Eastern Goldfields of Western Australia.

Segue has commenced an initial rock chip and multi-element geochemical orientation survey designed to test the outcropping greenstone belts.

The exploration program will be completed by the end of October, with assay results expected to be received by the end of November.

Barlee is located in the Southern Cross Domain which has a gold endowment of over 20 million ounces.


December quarter exploration

During the December quarter, Segue intends to:

- receive lithium assay results from Gascoyne lithium project;
- receive initial rock chip samples from Barlee gold project;
- conduct a magnetic survey and drilling program at Deralinya nickel project; and
- continue surveys at the Plumridge nickel project.

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Tue, 18 Oct 2016 15:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167542/segue-resources-awaits-gold-and-lithium-assays-167542.html
<![CDATA[News - Segue Resources Ltd looks to expand gold portfolio with new project ]]> http://www.proactiveinvestors.com.au/companies/news/166057/segue-resources-ltd-looks-to-expand-gold-portfolio-with-new-project-71083.html Segue Resources Ltd (ASX:SEG) has applied for two exploration licences at the Barlee gold project covering 300 square kilometres in the Eastern Goldfield of Western Australia.

Barlee is located in the Southern Cross Domain which has a gold endowment of over 20 million ounces.

A large portion of the greenstone belts are outcropping and will be the target of an initial rock chip and multi-element soil sampling program scheduled to commence in October 2016.

Steven Michael, managing director, commented: “Segue has secured a low cost entry into a major new gold project in a prolific gold region of Western Australia. 

“Segue will undertake an extensive rock chip and soil sampling program in October 2016 at the Barlee Project. 

“This program will immediately follow completion of the stream and soil sampling program currently underway at the Gascoyne Lithium Project.”


Plumridge Gold Project

Segue recently intersected several zones of anomalous gold from recent aircore drilling at the Plumridge Gold Project located in the Fraser Range province of Western Australia.

The 57 hole, 3,147 metre aircore program focused on the southern extent of the Harris Lake Shear Zone (HLSZ).

Two discrete priority targets were identified.

These targets along with others will be tested by a reverse circulation program in the December quarter.

Historical exploration at the HLSZ has yielded 4 metres at 32 g/t gold, 13 metres at 6.7 g/t gold and 4.5 metres at 10.2 g/t gold.


Nickel and lithium projects

Segue entered into the Plumridge Nickel joint venture with MMG in 2015.

The Stage 2 in-fill gravity survey was recently completed with a ground electromagnetic survey underway to test at least 10 targets.

MMG is earning an initial stage one 51% interest in eight exploration licences at Plumridge by investing $6.5 million in exploration activity by December 2019.

Segue entered the lithium sector by acquiring the Gascoyne Lithium exploration tenements and entering the Mortimer Hills Lithium joint venture with Zeus Resources Ltd (ASX:ZEU).

Segue most recently applied for an additional 707 square kilometres of ground taking the total holding to over 1,100 square kilometres across six tenements.

This makes Segue the largest explorer in the Gascoyne region of Western Australia.


Analysis

Barlee represents a prospective greenfields gold project for Segue that will see it grow its gold portfolio. The greenstone belts have been held by iron ore companies for the past 8 years.

The little exploration conducted in the 1990s identified several untested targets.

Segue is leveraged to exploration upside through multiple commodities – gold, lithium, nickel and copper.

 

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Mon, 19 Sep 2016 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/166057/segue-resources-ltd-looks-to-expand-gold-portfolio-with-new-project-71083.html