https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Wed, 24 Oct 2018 06:27:51 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Arrow Minerals managing director increases stake amid Strickland drilling campaign ]]> https://www.proactiveinvestors.com.au/companies/news/207518/arrow-minerals-managing-director-increases-stake-amid-strickland-drilling-campaign-207518.html Arrow Minerals Ltd (ASX:AMD) managing director Steven Michael has demonstrated his confidence in the company, further increasing his stake in the company.

The chartered accountant has 15 years investment banking and mining research experience, gained posts with RBC Capital Markets, Macquarie Bank and NM Rothschild & Sons.

READ: Arrow Minerals commences new major drill program at Strickland

The company started a major drilling program this month at its Strickland Gold Project in the Yilgarn Craton area of Western Australia.

Arrow expects to report on results from the 14,000-metre program in December.

The first stage, already begun, is drilling the T6 prospect, with T1 and T2 prospects to follow.

Arrow plans to release assay results separately for each prospect.

READ: Arrow Minerals to receive consideration for sale of 49% interest in Pilbara Gold Project

In September, the company banked C$1 million in cash and took up 2 million shares in Canadian company Pacton Gold Inc in exchange for its 49% interest in that company’s Pilbara Gold Project in Western Australia.

The share holding was valued at C$800,000 at the time.

READ: Arrow Minerals drills widespread gold at T1 prospect

Today, the company shared Michael had increased his direct-and-indirect holding in the company.

Michael picked up 500,000 shares on-market last week on October 15, paying $8600 or 1.72 cents a share.

The shares put Michael’s direct and indirect interest, in Steven and Laureen Michael’s Chasing Summer Super Fund A/C investment outfit, at 4,587,142 ordinary shares.

The stake is valued at $82,568.556 at today’s last-traded price of 1.8 cents.

Michael’s stake in Arrow also includes 653,572 options exercisable at 10 cents on or before 31 December 2019.

About the directors

Michael has significant experience in debt and equity financing of mining projects and is joined on the board by non-executive directors Frazer Tabeart and Nicholas Ong.

Tabeart is the managing director of PolarX Ltd (ASX:PXX) and an executive director of African Energy Resources (Guernsey) Ltd (ASX:AFR).

Ong was previously an Australian Securities Exchange principal adviser at ASX Ltd (ASX:ASX) who helped more than 100 companies list on the Australian market.

Arrow securities gained 0.1 cents, or 5.88%, by early afternoon to 1.8 cents.

]]>
Sun, 21 Oct 2018 22:21:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207518/arrow-minerals-managing-director-increases-stake-amid-strickland-drilling-campaign-207518.html
<![CDATA[News - Arrow Minerals commences new major drill program at Strickland ]]> https://www.proactiveinvestors.com.au/companies/news/206434/arrow-minerals-commences-new-major-drill-program-at-strickland-206434.html Arrow Minerals Ltd (ASX:AMD) has commenced a major 14,000-metre drilling program at the 100%-owned Strickland Gold Project in the Yilgarn Craton area of Western Australia.

Drilling commenced at the T6 Prospect where previous wide spaced drilling intersected 56 metres at 0.8 g/t gold including 24 metres at 1.6 g/t gold and 9 metres at 3.3 g/t gold.

The program will continue until the end of the year testing high priority prospects at T6, T2 and T1 Prospects.

READ: Arrow Minerals drills widespread gold at T1 prospect

The 14,000-metre fence line drill program will focus on the T6, T1 and T2, where significant gold mineralisation was intersected with reconnaissance drilling in 2017 and 2018.

Drilling at the T6 prospect will test six high priority targets which have been delineated by previous exploration work.

The drilling at T6 will comprise 20 fence lines of overlapping angled holes designed to intersect mineralised structures.

Drilling to be complete by end of December

Drilling will then continue at the T2 and T1 Prospects in late 2018 with a similar density of drilling.

The entire drill program is expected to be completed by the end of December 2018.

Assay results will be released separately for each prospect.

]]>
Fri, 05 Oct 2018 10:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/206434/arrow-minerals-commences-new-major-drill-program-at-strickland-206434.html
<![CDATA[News - Arrow Minerals to receive consideration for sale of 49% interest in Pilbara Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/205394/arrow-minerals-to-receive-consideration-for-sale-of-49-interest-in-pilbara-gold-project-205394.html Arrow Minerals Ltd (ASX:AMD) expects to receive consideration within 10 business days from the sale of its 49% interest in the Pilbara Gold Project in Western Australia to Canadian company Pacton Gold Inc (CVE:PAC).

This follows Pacton receiving final acceptance from the TSX Venture Exchange for the share sale agreement.

The consideration is C$1 million in cash and 2 million Pacton shares, currently valued at around C$800,000.

READ: Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold

These shares are subject to a voluntary escrow period to June 30, 2019.

In addition, Pacton will pay Arrow C$200,000 upon granting of the exploration licence applications, with C$100,000 paid on the grant of each application.

Discovery bonus

Arrow will also receive a discovery bonus of C$500,000 in cash upon Pacton publishing a gold resource at the project of more than 100,000 ounces in accordance with Canada’s NI 43-101 code.

The company also retains all rights to explore, mine and extract lithium, caesium and tantalum from the project.

Following completion of the transaction, Arrow will own more than 3 million ordinary shares and more than 1 million warrants in Pacton, with a current value of more than C$1.6 million.

READ: Arrow Minerals drills widespread gold at T1 prospect

Arrow managing director Steven Michael previously said the agreement was a great outcome for both companies.

He said: “Pacton can continue to consolidate, expand and explore its large tenement position in the Pilbara region, while Arrow will benefit from owning approximately 3.3% of the issued capital of Pacton.

“The cash payment of C$1 million will be used to fund Arrow’s exploration activities at the Strickland Gold Project, where recent drilling has intersected considerable bedrock gold mineralisation and confirmed the gold-bearing potential of this project.”

]]>
Fri, 21 Sep 2018 15:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205394/arrow-minerals-to-receive-consideration-for-sale-of-49-interest-in-pilbara-gold-project-205394.html
<![CDATA[News - Arrow Minerals drills widespread gold at T1 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/203833/arrow-minerals-drills-widespread-gold-at-t1-prospect-203833.html Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in multiple structures at its T1 prospect within the Strickland Gold Project in Western Australia.

A total of 412 shallow holes were drilled for 5,254 metres on a 400x40 metre spacing over the T1 prospect defining the key corridors T1a and T1b.

The widespread aircore drill program intersected gold along multiple major structures ranging from 2.0 kilometres to 3.0 kilometres in strike length.

READ: Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold

Drilling at T1a intersected 3 metres at 0.9 g/t gold from 27 metres along strike from previous drill intercept of 15 metres at 1.5 g/t gold which included 3 metres at 6.7 g/t gold.

Exploration to date has identified a 2.8x0.8 kilometre gold-in-bedrock anomaly at T1a and a 2.5x0.6 kilometre gold-in-bedrock anomaly at T1b.

Arrow noted potentially similar geological features to the Copperhead gold deposit in the Southern Cross Belt which had historical gold production of over 1 million ounces.

Ground IP survey to identify RC targets

Petrophysical results from 2017 confirmed that mineralisation at the T1 prospect has a strong induced polarisation (IP) and resistivity contrast with surrounding unmineralised lithological units.

As such, a ground IP survey will be carried out over the T1a target area in the coming December quarter to assist in identifying drill targets for reverse circulation (RC) drill testing.

]]>
Thu, 30 Aug 2018 11:16:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203833/arrow-minerals-drills-widespread-gold-at-t1-prospect-203833.html
<![CDATA[News - Arrow Minerals sells remaining interest in Pilbara Gold Project to Pacton Gold ]]> https://www.proactiveinvestors.com.au/companies/news/203441/arrow-minerals-sells-remaining-interest-in-pilbara-gold-project-to-pacton-gold-203441.html Arrow Minerals Ltd (ASX:AMD) has sold its remaining 49% interest in the Pilbara Gold Project to Canadian company Pacton Gold Inc (TSX:PAC).

Arrow will receive C$1 million in cash and 2 million Pacton shares in the agreement, while retaining all rights to explore, mine and extract lithium, caesium and tantalum from the project.

Following the transaction, Arrow will own over 3 million ordinary Pacton shares and over 1 million warrants totalling $1.8 million in market value.

READ: Arrow Minerals to pass on tax credits to shareholders, T1 assays pending

Arrow managing director Steven Michael said the agreement was a great outcome for both companies.  

He said: “Pacton can continue to consolidate, expand and explore its large tenement position in the Pilbara region, while Arrow will benefit from owning approximately 3.3% of the issued capital of Pacton.

“The cash payment of C$1 million will be used to fund Arrow’s exploration activities at the Strickland Gold Project, where the recent drilling program has intersected considerable bedrock gold mineralisation and confirmed the gold-bearing potential of this project.”

READ: Arrow Minerals drills out gold in three targets at T2 prospect

The project consists of two exploration licences and two exploration licence applications, covering 609 square kilometres in Western Australia’s Pilbara Region.

Arrow sold a 51% interest in the project to Pacton in May and entered into a joint venture in which Pacton could increase its interest to 80% through expenditure and payment obligations.

READ: Arrow Minerals gains Croesus Mining Pty Ltd as a new substantial shareholder

The $1 million cash payment will be made through a staged process, with Arrow receiving C$200,000 upon granting of the exploration licence applications and C$100,00 paid on the grant of each application.

A further C$500,000 will be paid upon Pacton publishing a gold resource of over 100,000 ounces in accordance with NI43-101

The share sale agreement has been submitted to the TSX Venture Change for final acceptance, after which the consideration is payable within 10 days with an escrow period to 30 June 2019.

]]>
Wed, 22 Aug 2018 22:17:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203441/arrow-minerals-sells-remaining-interest-in-pilbara-gold-project-to-pacton-gold-203441.html
<![CDATA[News - Arrow Minerals to pass on tax credits to shareholders, T1 assays pending ]]> https://www.proactiveinvestors.com.au/companies/news/201968/arrow-minerals-to-pass-on-tax-credits-to-shareholders-t1-assays-pending-201968.html Arrow Minerals Ltd (ASX:AMD) will pass on $409,086 worth of tax credits to its shareholders under the Federal Government’s Exploration Development Incentive (EDI) scheme.

Eligible shareholders as of 5.00pm on 29 June 2018 will be issued the EDI credits which can be claimed in FY2018.

READ: Arrow Minerals drills out gold in three targets at T2 prospect

Most recently, Arrow identified bedrock gold mineralisation in its maiden aircore drilling program at the T2 prospect within the Strickland Gold Project in Western Australia.

Drilling discovered three new gold-in-bedrock anomalies known as T2a, T2b and T2c ranging from 1.0 to 3.5 kilometres in strike length.

T1, T2, T6 and T8 prospects all now drilled

Arrow completed a 19,000-metre aircore drill program during the June quarter targeting the T1, T2, T6 and T8 prospects.

Drilling at the T6 Prospect delineated four bedrock gold anomalies, with one hole intersecting 56 metres at 0.8 g/t gold from surface.

Drill results from the T8 prospect delineated a 1.8x0.4 kilometre gold bedrock anomaly which remains open to the south along a mineralised structure.

Assay results from 412 aircore holes drilled at T1 remain pending and are expected this month.

Strong financial position

Arrow remains in a strong financial position with cash, receivables and investments in listed companies totalling $5.0 million.

]]>
Wed, 01 Aug 2018 12:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201968/arrow-minerals-to-pass-on-tax-credits-to-shareholders-t1-assays-pending-201968.html
<![CDATA[News - Arrow Minerals drills out gold in three targets at T2 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/200627/arrow-minerals-drills-out-gold-in-three-targets-at-t2-prospect-200627.html Arrow Minerals Ltd (ASX:AMD) has identified bedrock gold mineralisation in its maiden aircore drilling program at the T2 prospect within the Strickland Gold Project in Western Australia.

Drilling has discovered three new gold-in-bedrock anomalies known as T2a, T2b and T2c ranging from 1.0 to 3.5 kilometres in strike length.

T2a is a 2.3x0.2 kilometre gold-in-bedrock anomaly, T2b is a 3.5x0.3 kilometre gold-in-bedrock anomaly, T2c is a 1.0x0.2 kilometre gold-in-bedrock anomaly and T2d will be drilled next quarter.

A total of 213 holes for 3,539 metres on a 400x80 metre grid were drilled at the T2 prospect, which is part of the overall 26,000-metre aircore program testing the T8, T6, T2 and T1 prospects.

READ: Arrow Minerals drills best gold intersection to date at T6 prospect

Arrow’s managing director Steven Michael said: “The first-pass aircore drilling program at the T8, T6 and T2 prospects has identified six bedrock gold anomalies, ranging in length from 1.0 kilometre to 3.5 kilometres, with results from drilling at T1 expected in August.

“Several of the bedrock anomalies remain open along strike.

“In addition to confirming bedrock gold mineralisation, the drill program has intersected key geological structures which are believed to control mineralisation at a local (prospect) scale and regional (project) scale.

“This greater geological understanding will contribute greatly to the next phase of drilling, which will commence in 3Q 2018.”

Drilling complete at T1, assays pending

A total of 412 holes were drilled for 5,254 metres targeting the T1a and T1b gold-in-soil anomalies.

All samples have been delivered to the lab with results expected in August 2018.

]]>
Thu, 12 Jul 2018 10:33:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200627/arrow-minerals-drills-out-gold-in-three-targets-at-t2-prospect-200627.html
<![CDATA[News - Arrow Minerals gains Croesus Mining Pty Ltd as a new substantial shareholder ]]> https://www.proactiveinvestors.com.au/companies/news/200334/arrow-minerals-gains-croesus-mining-pty-ltd-as-a-new-substantial-shareholder-200334.html Arrow Minerals Ltd (ASX:AMD) has a new substantial shareholder with Croesus Mining Pty Ltd now holding a 5.04% interest.

Croesus and associated entities now have almost 15.468 million shares of the explorer focused on gold as well as nickel and lithium.

Since mid-April Croesus has purchased 10.9 million shares, taking its total holding to more than 13.9 million shares while related entity Ascent Capital Holdings Pty Ltd holds 1.5 million.

READ: Arrow Minerals drills best gold intersection to date at T6 prospect

Arrow last month recorded the best intersection to date from the Strickland Gold Project in Western Australia - 56 metres at 0.8 g/t gold from surface to the end-of-hole.

This came from the maiden aircore drilling of the T6 prospect, with bedrock gold mineralisation intersected.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

]]>
Mon, 09 Jul 2018 16:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200334/arrow-minerals-gains-croesus-mining-pty-ltd-as-a-new-substantial-shareholder-200334.html
<![CDATA[News - Arrow Minerals discusses intriguing valuation with investors ]]> https://www.proactiveinvestors.com.au/companies/news/199625/arrow-minerals-discusses-intriguing-valuation-with-investors-199625.html Arrow Minerals Ltd's (ASX:AMD) managing director, Steven Michael, presented to investors at Proactive's CEO Sessions this week in Melbourne and Sydney.

Arrow currently holds around $5.5 million in cash and listed investments yet has a market capitalisation of just $7 million.

The company therefore has an enterprise value of around $1.5 million, while holding an extensive portfolio of assets.

Strickland Gold Project

Arrow has an extensive drilling program underway at the Strickland Gold Project in Western Australia.

The project covers over 100 strike kilometres of greenstone belts which straddle regionally significant shear zones.

FULL PRESENTATION: Melbourne / Sydney Investor Luncheons Presentation

Arrow also has exposure to lithium, a joint venture with Independence Group NL (ASX:IGO) and has also partnered with Pacton Gold Inc. (TSX-V:PAC) in the Pilbara.

]]>
Wed, 27 Jun 2018 11:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199625/arrow-minerals-discusses-intriguing-valuation-with-investors-199625.html
<![CDATA[News - Arrow Minerals drills best gold intersection to date at T6 prospect ]]> https://www.proactiveinvestors.com.au/companies/news/198826/arrow-minerals-drills-best-gold-intersection-to-date-at-t6-prospect-198826.html Arrow Minerals Ltd (ASX:AMD) has intersected bedrock gold mineralisation in maiden aircore drilling at its T6 prospect within the Strickland Gold Project in Western Australia.

A total of 394 holes for 7,937 metres were drilled on a 400x80 metre grid.

Four bedrock gold prospects have been identified from 1.5 to 3.5 kilometres in strike length, with several prospects remaining open along mineralised structures.

T6 has produced the best drill intercept to date from Strickland of 56 metres at 0.8 g/t from surface to the end-of-hole.

Part of a 26,000-metre aircore program

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T8, T6, T2 and T1 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8, T6 and T2 is now complete with assays pending for T2 – drilling is underway at T1.

Four anomalies at T6

Arrow has completed a major aircore drilling program at the T6 prospect, designed to test the extent of a 4.2x1.3 kilometre gold-in-soil anomaly.

The aircore drilling program has delineated four gold-in-bed rock anomalies:

• T6a – 1.5x0.3 kilometres;
• T6b – 1.7x0.3 kilometres;
• T6c – 3.5x0.3 kilometres; and
• T6d – 3x0.1-0.5 kilometres.

Best gold intersections included:

• 56 metres at 0.8 g/t from surface to end-of-hole including 24 metres at 1.6 g/t and 9 metres at 3.3 g/t;
• 34 metres at 0.3 g/t from surface including 6 metres at 0.6 g/t and 3 metres at 0.9 g/t; and
• 27 metres at 0.1 g/t from 11 metres including 3 metres at 0.7 g/t.

READ: Arrow Minerals divests final interest in Pardoo Project for cash

Arrow’s managing director Steven Michael said: “In May 2018, Arrow announced its first strike-extensive, drill tested, bedrock gold anomaly at the T8 prospect, with a footprint of 1.8x0.4 kilometres.

“Drilling at the T6 prospect has now confirmed four bedrock gold anomalies of equal or greater size than T8.

“In addition, the mineralised horizon identified at T6a and T6b provides a target unit to be drilled in 3Q 2018.”

Exploration elsewhere continues, over $5 million funding

Michael added: “In addition, Arrow has recently undertaken first-pass soil sampling over new tenements to the south of T14 and around T4, which we expect will add new gold targets to the portfolio.

“With over $5 million in cash, receivables and listed investments, Arrow is in a strong financial position.

“The company has sufficient funds to continue to drill and aggressively explore the 100%-owned Strickland Gold Project.”

]]>
Thu, 14 Jun 2018 11:41:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198826/arrow-minerals-drills-best-gold-intersection-to-date-at-t6-prospect-198826.html
<![CDATA[News - Arrow Minerals divests final interest in Pardoo Project for cash ]]> https://www.proactiveinvestors.com.au/companies/news/198737/arrow-minerals-divests-final-interest-in-pardoo-project-for-cash-198737.html Arrow Minerals Ltd (ASX:AMD) has sold the final 20% of the Pardoo Nickel Project in Western Australia to Caeneus Minerals Ltd (ASX:CAD) for $200,000 cash.

The company still has an indirect exposure to exploration upside at Pardoo through its shareholding in Caeneus.

As part of Caeneus’s 80% earn-in to the Pardoo Project, it issued Arrow 93.33 million shares.

The final $200,000 cash payment will be paid in two instalments being $100,000 immediately and $100,000 on or before 12 December 2018.

READ: Arrow Minerals confirms major gold prospect with aircore drilling

Arrow is in the process of drilling a major aircore program at its Strickland Gold Project in Western Australia.

In March 2018, Arrow commenced the 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

Drilling started at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling at T8 and also the second prospect T6 is now complete with assays pending and drilling is underway at T2.

Once all targets are drilled, a follow-up aircore program will commence, estimated to be in the September quarter.

]]>
Wed, 13 Jun 2018 09:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198737/arrow-minerals-divests-final-interest-in-pardoo-project-for-cash-198737.html
<![CDATA[News - Arrow Minerals confirms major gold prospect with aircore drilling ]]> https://www.proactiveinvestors.com.au/companies/news/197143/arrow-minerals-confirms-major-gold-prospect-with-aircore-drilling-197143.html Arrow Minerals Ltd (ASX:AMD)  has intersected bedrock gold mineralisation in multiple holes at its T8 prospect within the Strickland Gold Project in Western Australia.

Aircore drilling confirmed a major 1.8x0.4 kilometre bedrock gold anomaly, which remains open to the south.

End-of-hole analysis identified zones of highly elevated pathfinder elements that are associated with the key gold-bearing structures.

Such highly elevated pathfinder elements indicate the presence of a large, well-developed gold mineral system.

Shares increased 12% to 2.8 cents intra-day.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow’s managing director Steven Michael said: “Arrow is rapidly advancing its exploration activities at the 100%-owned Strickland Gold Project, with the first major gold drilling program ever undertaken in the area.

“The results from the first of four prospects to be drilled have confirmed bedrock gold mineralisation over a strike length of 1.8 kilometres with the prospect remaining open to the south.

“This is a very exciting result for Arrow, with the first strike-extensive, drill tested, bedrock gold anomaly.

“The footprint at T8 (1.8x0.4 kilometres) is of a similar size to maiden aircore and RAB drill results from the Lake Roe (Breaker Resources NL (ASX:BRB)) and Gruyere (Gold Road Resources Ltd (ASX:GOR)) gold deposits.”

2018 aircore drilling program testing multiple prospects

In March, Arrow commenced a 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

Drilling commenced at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

Drilling of the second prospect, T6 is now complete with assays pending and drilling is underway at T2.

Once all targets are drilled, a follow-up aircore program will commence, estimated to be in the September quarter.

]]>
Thu, 17 May 2018 09:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/197143/arrow-minerals-confirms-major-gold-prospect-with-aircore-drilling-197143.html
<![CDATA[News - Arrow Minerals finalises Pilbara gold farm-in ]]> https://www.proactiveinvestors.com.au/companies/news/196863/arrow-minerals-finalises-pilbara-gold-farm-in-196863.html Arrow Minerals Ltd (ASX:AMD) has finalised and executed agreements for the sale and joint venture of the Pilbara Gold Project in Western Australia.

The 609 square kilometre project is prospective for conglomerate and basement gold targets, with prospectors discovering several gold nuggets at the project in late 2017.

Under the agreement, Pacton Gold Inc (CVE:PAC) can earn up to 80% in the project in two tranches.

READ: Arrow Minerals attracts Canadian interest in Pilbara region gold prospects

Pacton can acquire an initial 51% through staggered payments of C$500,000 in cash and 1.08 million Pacton shares and 1.08 million Pacton warrants.

After this is complete, Pacton can increase its ownership to 80% by incurring C$500,00 of expenditure within 12 months and issuing Arrow C$250,000 worth of shares.

Once Pacton has reached an 80% interest, Arrow will be free-carried for the first C$5 million of project expenditure.

Pacton supported by Sprott Capital Partners

This is Pacton’s second transaction in the Pilbara and follows an option agreement in February 2018 to acquire 100% of CTTR Gold Pty Ltd.

This demonstrates Pacton’s desire to be a significant gold explorer in the region.

Pacton appointed Sprott Capital Partners, a division of Sprott Private Wealth LP, to assist with marketing arrangements, including providing strategic capital advice.

Sprott is a well-known resources-focused asset management company.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received shortly.

The major aircore program is estimated to comprise 26,000 metres of drilling.

]]>
Mon, 14 May 2018 10:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196863/arrow-minerals-finalises-pilbara-gold-farm-in-196863.html
<![CDATA[News - Arrow Minerals receives drill results at Pardoo joint venture ]]> https://www.proactiveinvestors.com.au/companies/news/196503/arrow-minerals-receives-drill-results-at-pardoo-joint-venture-196503.html Arrow Minerals Ltd (ASX:AMD) has received drill results from the Pardoo Project in the Pilbara region of Western Australia in which it has a 20% interest with Caeneus Minerals Ltd (ASX:CAD).

The 10-hole reverse circulation program completed in November of 2017 was targeting the source of nickel-copper-cobalt sulphides found in the Highway deposit.

Results included 4 metres at 0.24% nickel from 108 metres and 4 metres at 0.24% nickel and 0.018% cobalt from 128 metres.

Results suggest further mineralised structures in the area

Drill results suggest further nickel-copper-cobalt mineralised mafic intrusives are in the area of the Highway deposit.

Caeneus plans to continue testing this region to identify locations where sulphides may have been concentrated using a combination of geophysical techniques and drilling.

The Pardoo project is located in a similar geological setting to that which hosts other significant Pilbara based nickel-copper occurrences such as Radio Hill and Sherlock Bay.

READ: Arrow Minerals may have notched up another bullseye at Strickland

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received shortly.

The major aircore program is estimated to comprise 26,000 metres of drilling.

]]>
Tue, 08 May 2018 12:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196503/arrow-minerals-receives-drill-results-at-pardoo-joint-venture-196503.html
<![CDATA[News - Arrow Minerals may have notched up another bullseye at Strickland ]]> https://www.proactiveinvestors.com.au/companies/news/196302/arrow-minerals-may-have-notched-up-another-bullseye-at-strickland-196302.html Arrow Minerals Limited (ASX:AMD) is a mineral exploration company, predominantly targeting gold, lithium and nickel at various sites in Australia.

In February, the company entered into an agreement with base and precious metals producer, Independence Group NL (ASX:IGO).

Independence Group acquired a 51% interest in the Plumridge Nickel Project and an 11% strategic equity interest in Arrow for a total investment of $2.5 million.

Arrow and Independence have formed the Plumridge joint venture, covering eight exploration licences totalling 2,500 square kilometres in the Fraser Range province.

Independence has intimate knowledge of Fraser Range region

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

The company can increase its interest in the project to 90% through the expenditure of $5 million over four years.

Independence can accelerate earning its 90% interest by paying Arrow cash equal to the amount remaining for the joint venture earn-in.

This was a promising outcome for Arrow from a number of perspectives.

Firstly, it gained the support of one of Australia’s largest mining groups, a company with a market capitalisation of $3 billion and cash of $70 million to inject into exploration.

Arrow cashed up for exploration through to mid-2019

More importantly, it has provided a significant financial boost for the company with Arrow now having about $5 million to spend on exploration at its highly prospective projects.

Commenting on Independence Group’s emergence as a joint venture partner and substantial shareholder, Arrow managing director Steven Michael said: “The investment of $2.5 million by IGO for a majority interest in the Plumridge Nickel Project and strategic equity stake in Arrow is a significant turning point for the company.

“IGO is a logical partner for Arrow, given its dominant position in the Fraser Range, including 100%-ownership of the Nova Nickel Project.

“IGO’s Fraser Range exploration budget for fiscal 2018 is $21 million, including significant airborne electromagnetic, ground electromagnetic and drilling programs to be undertaken at Plumridge.”

Is Strickland a Plumridge-type sleeper

From seemingly nowhere the most experienced miner in the Fraser Range region spotted a valuable asset in Plumridge that was owned by a $10 million mining group.

The question well worth asking is whether Arrow has another ace up its sleeve.

The Strickland Gold Project could very easily be just that, and with drilling results due in mid-May there could be share price catalysts on the horizon.

A rich heritage

Arrow Minerals has a 100% interest in 1,150 square kilometres of exploration licences at the Strickland project in the Yilgarn Craton of the Eastern Goldfields.

The Strickland project covers over 100 strike kilometres of greenstone belts and straddles the Evanston and Yuinmery Shear Zones.

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

Consequently, this is a highly prospective area and Strickland is perched in the middle of what could be termed the gold triangle.

The 160-million ounce Kalgoorlie-Norseman belt lies to the southeast, the 12 million ounce Leonora belt northeast and the 15 million ounce Southern Cross belt to the southwest.

Arrow pounced as iron ore miners left

The greenstone belts have been held by iron ore companies for the majority of the past 20 years.

The last significant gold exploration was conducted in the 1990s when several targets were identified and remain untested.

In addition, most of the outcropping ground has not been covered by multi-element surface geochemistry.

Arrow completed an orientation survey at Strickland in October 2016, during which several rock chip samples were collected around historical workings at Rainy Rocks.

BIF hosted gold deposits

The Rainy Rocks prospect is on the north-eastern limb of a tightly folded anticline containing a banded iron formation (BIF) and ultramafic sequence within the Evanston Greenstone Belt.

This sequence extends along the Evanston Shear Zone towards the historical Evanston Gold Mine, about 12 kilometres southwest from Rainy Rocks.

The geological setting of the Rainy Rocks prospect and wider Evanston Greenstone Belt is characteristic of BIF-hosted brittle vein gold deposits within the Southern Cross region.

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 4.87 g/t gold) and Nevoria (8.8 million tonnes at 3.2 g/t gold).

Extensive drilling campaign in progress

In March, Arrow commenced a 26,000-metre aircore drill program targeting the T1, T2, T6 and T8 prospects.

This will focus on areas where significant gold mineralisation was intersected with first-pass drilling in 2017.

The drill program will cover over 20 strike kilometres of gold in soil anomalies and define bedrock gold mineralisation.

Drilling at the T8 prospect is now complete with results expected by mid-May, providing an indication of whether Arrow is added another high profile asset to its portfolio. 

]]>
Thu, 03 May 2018 13:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/196302/arrow-minerals-may-have-notched-up-another-bullseye-at-strickland-196302.html
<![CDATA[News - Arrow Minerals gets cash injection after receiving shareholder support ]]> https://www.proactiveinvestors.com.au/companies/news/194995/arrow-minerals-gets-cash-injection-after-receiving-shareholder-support-194995.html Arrow Minerals Ltd (ASX:AMD) has received $2.36 million in funding as part of a previously outlined two-tranche placement and separate placement which together secured over $5 million.

The second tranche and separate $1 million placement to nickel producer Independence Group (ASX:IGO) required shareholder approval which was received essentially securing the funding for Arrow.

Notably, ASX-listed nickel producer Independence Group is now Arrow’s largest shareholder with around 11%.

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

Arrow’s managing director Steven Michael said: “The board of Arrow Minerals welcomes Independence Group as its major shareholder.

“The investment by IGO, along with the broker equity raising, has raised over $5 million, which has allowed Arrow to commit to significant drilling programs at both the Strickland Gold and Malinda Lithium Projects.

“In addition, the recently announced Pilbara Gold Project sale and joint venture will add up to $1 million over the next 12 months.

“Arrow is in its strongest ever financial position, with around 2cents per share of cash and investments.

“The company has commenced drilling multiple gold targets at the Strickland Gold Project and will be drilling at the Malinda Lithium Project in July 2018.”

Aircore drilling underway at Strickland Gold Project

Arrow is currently undertaking a major aircore drilling program at the Strickland Gold Project in Western Australia covering the T8, T6, T2 and T1 prospects.

Drilling at the T8 prospect has been completed on a 400x80 metre basis over the entire 2.4-kilometre gold-in-soil anomaly.

All of the drill samples have been delivered to the assay laboratory in Perth and results from T8 are expected to be received within four weeks.

READ: Arrow Minerals commences major Eastern Goldfields drilling program

The major aircore program is estimated to comprise 26,000 metres of drilling.

]]>
Mon, 16 Apr 2018 10:59:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194995/arrow-minerals-gets-cash-injection-after-receiving-shareholder-support-194995.html
<![CDATA[News - Arrow Minerals attracts Canadian interest in Pilbara region gold prospects ]]> https://www.proactiveinvestors.com.au/companies/news/194380/arrow-minerals-attracts-canadian-interest-in-pilbara-region-gold-prospects-194380.html Arrow Minerals Ltd’s (ASX:AMD) conglomerate and basement gold targets in the Pilbara region of Western Australia have attracted the interest of Canadian junior Pacton Gold Inc (TSXV:PAC).

Pacton Gold, which is supported by Sprott Capital Partners, intends to acquire an 80% interest in Arrow’s wholly-owned subsidiary, Arrow (Pilbara) Pty Ltd.

Arrow Pilbara holds two exploration licences and two exploration licence applications covering 609 square kilometres.

Prospectors discovered several gold nuggets within these licences in late 2017.

READ: Arrow Minerals commences major Eastern Goldfields drilling program

Arrow’s managing director Steven Michael said: “I am excited to introduce Pacton Gold as our partner in the Pilbara Gold Project.

"Through its arrangement with Sprott Capital Partners, Pacton has the financial and market expertise to raise sufficient capital to undertake significant exploration work at the project and its other tenements in the Pilbara.”

Letter of intent signed

The parties have signed a letter of intent and intend to formalise the arrangement through a definitive agreement.

Pacton can earn 51% ownership through payment to Arrow of C$500,000 in cash and C$250,000 in Pacton shares.

Pilbara gold exploration tenements with Arrow and Pacton tenements highlighted.

It can increase this to 80% by incurring exploration expenditure of C$500,000 within 12 months and issuing Arrow with a further C$250,000 worth of Pacton shares.

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

Once Pacton has reached 80%, Arrow will be free-carried for the first C$5 million of project expenditure.

Arrow will receive a discovery bonus of C$500,000 in cash upon Pacton publishing a resource at the project of at least 100,000 ounces of gold.

In addition, Arrow will retain all rights to explore for, mine and extract lithium, caesium and tantalum from the Pilbara project.

Pacton’s second Pilbara investment

This is Pacton’s second transaction in the Pilbara and follows an option agreement in February 2018 to acquire 100% of CTTR Gold Pty Ltd.

Michael said: “This demonstrates Pacton’s desire to be a significant gold explorer in the region.”

Pacton recently appointed Sprott Capital Partners, a division of Sprott Private Wealth LP, to assist with marketing arrangements, including providing strategic capital advice.

Focus on Strickland

“The Pilbara Gold transaction will enable Arrow to focus its exploration efforts on the highly prospective Strickland Gold Project and the Malinda Lithium Project,” Michael said.

A 26,000-metre drilling program is underway at Strickland and drilling is scheduled for July 2018 at Malinda.

]]>
Fri, 06 Apr 2018 09:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194380/arrow-minerals-attracts-canadian-interest-in-pilbara-region-gold-prospects-194380.html
<![CDATA[News - Arrow Minerals commences major Eastern Goldfields drilling program ]]> https://www.proactiveinvestors.com.au/companies/news/194094/arrow-minerals-commences-major-eastern-goldfields-drilling-program-194094.html Arrow Minerals Ltd (ASX:AMD) has commenced a 26,000-metre aircore drill program at its 100% owned Strickland Gold Project (formerly Barlee Gold Project) in the Eastern Goldfields of Western Australia.

Drilling will focus on the T1, T2, T6 and T8 prospects, where significant gold mineralisation was intersected with first-pass drilling in 2017.

READ: Arrow Minerals hits high grade gold in Eastern Goldfields

Drilling has commenced at the T8 prospect where late-2017 drilling confirmed thick, continuous gold mineralisation with multiple high-grade intersections.

The T8 prospect comprises a 1.7x0.6 kilometre gold-in-soil anomaly and previous results including 27 metres at 0.64 g/t gold from 9 metres including 1-metre at 8.95 g/t gold.

The 86 holes planned at T8 will be complete by mid-April with assay results expected four weeks after drilling completion.

Program will then target T6, T2 and T1

After T8, drilling will continue at the T6, T2 and T1 prospects, with a similar density of drilling.

The entire drill program is expected to be completed by June 2018.

Assay results will be released separately for each prospect.

]]>
Tue, 03 Apr 2018 09:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194094/arrow-minerals-commences-major-eastern-goldfields-drilling-program-194094.html
<![CDATA[News - Arrow Minerals commencing major drilling campaign at Strickland Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/193591/arrow-minerals-commencing-major-drilling-campaign-at-strickland-gold-project-193591.html Arrow Minerals Ltd (ASX:AMD) is commencing a 26,000 metre aircore drilling program at its Strickland Gold Project in Western Australia, starting at the T8 prospect followed by T6, T2 and T1.

READ: Arrow Minerals targets golden prospects in major drilling campaign

The 100% owned Strickland Gold Project (formerly Barlee Gold Project) is in the Eastern Goldfields.

Arrow’s drilling will cover more than 20 strike kilometres of gold-in-soil anomalies to define bedrock gold mineralisation at the T1, T2, T6 and T8 prospects.

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

Gold endowed region in the Eastern Goldfields

The Strickland project is 100 kilometres west of Menzies and 180 kilometres north of Southern Cross, a region which contains more than 20 million ounces of known gold endowment.

The drilling program will commence at the T8 prospect next week and is planned to be completed by mid-April. First assay results are expected to be received within four weeks after completing drilling. 

Arrow’s drilling will continue at T6, T2 and T1 with the entire drill program expected to be completed by June 2018.

Arrow Minerals has a number of gold prospects at Barlee

Lithium drilling planned in July 2018

Arrow has planned the next phase of drilling at its Malinda Lithium Project for July 2018, with 5,000 - 6,000 metres of reverse circulation (RC) drilling planned over three main lithium-bearing pegmatites.

Exploration conducted by Arrow at Malinda in 2017 identified several lithium and tantalum-bearing pegmatites associated with granite intrusions.

The company completed a maiden RC drilling program in September 2017, intersecting up to 2% lithium oxide and over 800 ppm tantalum pentoxide.

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

Arrow is well-funded after raising circa $2.8 million via a strategic deal with Independence Group NL (ASX:IGO) and an oversubscribed equity placement to sophisticated investors. 

The company will receive an additional $2.4 million in early April.

Arrow and Independence are forming the Plumridge Nickel Project joint venture in the Fraser Range province of Western Australia.

Arrow’s exploration programs are now fully funded, including the major drilling programs at the Strickland Gold Project and Malinda Lithium Project.

]]>
Thu, 22 Mar 2018 11:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193591/arrow-minerals-commencing-major-drilling-campaign-at-strickland-gold-project-193591.html
<![CDATA[News - Arrow Minerals targets golden prospects in major drilling campaign ]]> https://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.

]]>
Tue, 13 Feb 2018 10:33:00 +1100 https://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 ]]> https://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.”

]]>
Mon, 05 Feb 2018 12:55:00 +1100 https://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 ]]> https://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.

]]>
Thu, 01 Feb 2018 10:09:00 +1100 https://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 ]]> https://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.

]]>
Wed, 24 Jan 2018 12:16:00 +1100 https://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 ]]> https://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.

]]>
Mon, 22 Jan 2018 08:36:00 +1100 https://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 ]]> https://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.

]]>
Mon, 11 Dec 2017 10:35:00 +1100 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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 https://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 ]]> https://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.

]]>
Mon, 09 Oct 2017 11:51:00 +1100 https://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 ]]> https://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.

]]>
Thu, 28 Sep 2017 14:02:00 +1000 https://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 ]]> https://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.

]]>
Thu, 21 Sep 2017 07:55:00 +1000 https://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 ]]> https://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.

]]>
Thu, 14 Sep 2017 00:48:00 +1000 https://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 ]]> https://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.

]]>
Fri, 08 Sep 2017 12:29:00 +1000 https://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 ]]> https://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.

]]>
Wed, 06 Sep 2017 09:54:00 +1000 https://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 ]]> https://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.

]]>
Tue, 05 Sep 2017 14:33:00 +1000 https://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 ]]> https://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.

]]>
Mon, 28 Aug 2017 08:22:00 +1000 https://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 ]]> https://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.

]]>
Fri, 18 Aug 2017 09:21:00 +1000 https://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 ]]> https://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 https://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 ]]> https://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.

]]>
Tue, 01 Aug 2017 10:31:00 +1000 https://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 ]]> https://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).

]]>
Mon, 31 Jul 2017 11:54:00 +1000 https://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 ]]> https://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.

]]>
Tue, 18 Jul 2017 12:00:00 +1000 https://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 ]]> https://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.

]]>
Tue, 11 Jul 2017 13:00:00 +1000 https://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 ]]> https://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.

]]>
Tue, 11 Jul 2017 08:00:00 +1000 https://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 ]]> https://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.

]]>
Mon, 26 Jun 2017 11:00:00 +1000 https://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 ]]> https://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%.

]]>
Tue, 20 Jun 2017 14:00:00 +1000 https://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 ]]> https://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.

]]>
Thu, 08 Jun 2017 12:30:00 +1000 https://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 ]]> https://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.

]]>
Tue, 06 Jun 2017 10:00:00 +1000 https://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 ]]> https://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.

]]>
Mon, 22 May 2017 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178096/segue-resources-prepares-for-gold-drilling-at-barlee-178096.html