Proactiveinvestors Australia

Of particular interest, the sulphide intersections have been found 30‐40km north east of the Webb’s Silver project, which is the highest grade undeveloped silver project in Australia.  The geochemical signature and associated geology is analogous to the Webbs Silver deposit.  This highlights the regional potential of finding significant silver rich polymetallic deposits.

The very high silver recoveries returned from test work at Webbs after utilising the Albion ProcessTM highlight the development potential of what is currently Australia's highest grade undeveloped silver project.  The company is developing capital and operating cost estimates for an Albion plant at Webbs to treat 0.5Mt per year.

With over 90oz per tonne of silver recoveries achieved in bulk concentrate from a head grade of 365g/t silver, Silver Mines has shown the market the true potential of Webbs in New South Wales - which is one of Australia’s highest grade undeveloped projects.

Webbs has the potential to be a company maker, highlighted by the JORC Resource of 1.49Mt at eight ounces of silver per tonne, and 71% in the Measured and Indicated categories. These latest results will support a resource upgrade in the short term.

It’s the high grade quality of Webbs which is the differentiating factor to other silver focused explorers, with 71% of the 11.7 million ounce bounty defined in the higher confidence categories of Measured and Indicated.

Peak Resources is on track to become the next major rare earth supplier from the Ngualla project in Tanzania. The company has produced two refined rare earth products at ANSTO Minerals - which importantly are in saleable form and available for evaluation by target customers.

The completed Scoping Study for the Mansa manganese project has demonstrated positive project economics as the project moves closer to production in a matter of weeks. Budgeted costs of delivering a CIF product are between $190 and $210 per tonne, in line with its expectations.

The start of the second phase drilling at Mt Forrest iron project puts Mindax on the path to potentially expand both the iron base as well as life of the mine. Importantly, it also has promise for the proposed partnership with Hong Kong-based Perpetual Mining, that could see the company invest $52 million.

The $5.1 million received is part of a planned $10 million investment by Owen Hegarty's EMR Capital in Highfield Resources to develop its advanced potash projects in Spain.

Having made inroads to access the eastern area of the high grade silver Bonanza Zone at the New Departure project in Montana, Black Mountain is on the cusp of first cash generative silver production.