Proactiveinvestors Australia PepinNini Lithium Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia PepinNini Lithium Ltd RSS feed en Thu, 20 Jun 2019 13:24:45 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - PepinNini Lithium defines maiden resource at Rincon Lithium Brine Project ]]> https://www.proactiveinvestors.com.au/companies/news/199638/pepinnini-lithium-defines-maiden-resource-at-rincon-lithium-brine-project-199638.html PepinNini Lithium Ltd (ASX:PNN) has revealed a valuable initial lithium and potassium resource for its Rincon Lithium Brine Project in the Salta province of Argentina.

The resource includes 60,000 tonnes of lithium carbonate equivalent (LCE) and 270,000 tonnes of potash equivalent in the measured and indicated categories.

The company's shares closed about 5% higher today at 2 cents following this exciting new development.

PepinNini managing director Rebecca Holland-Kennedy said: “We are very excited to see an initial JORC resource estimate from our hydrogeological consultants.

“The company now has a first defined resource estimate in place for our lithium project which given the current price of LCE it is a valuable resource.

“It forms the basis for subsequent resources estimates from our other projects to allow us to continue to advance to the next level of development for lithium production.”

Favourable aquifer conditions

The dominant hydrologic unit encountered during PepinNini’s drilling was a weakly consolidated black volcanic sand.

The sand dominates the drainable brine resource, and the lithium and potassium resource contained in the brine.

Black sand from 92-107 metres depth

PepinNini expects that the transmissivity of future wells would be favourable for extracting brine because of the favourable aquifer conditions associated with the uniformly-sized and weakly-consolidated sand unit.

Pumping well to provide additional data

The Rincon resource is defined over a 2.54 square kilometre footprint using results from core drilling and depth-specific packer sampling.

A pumping well is planned for the project to provide additional data on lithium grade and test recharge rates of the brine.

An upgraded resource would then be calculated.

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Wed, 27 Jun 2018 15:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/199638/pepinnini-lithium-defines-maiden-resource-at-rincon-lithium-brine-project-199638.html
<![CDATA[News - Pepinnini Lithium starts drilling next lithium target in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/190434/pepinnini-lithium-starts-drilling-next-lithium-target-in-argentina-190434.html Pepinnini Lithium Ltd (ASX:PNN) has started drilling at the Pular Lithium Project which forms part of the Salta project in Argentina.

The borehole is expected to be drilled up to 250 metres deep in the next two weeks with another three holes planned over the next month.

Pular is southwest of the company’s Rincon project where a drilling program was completed late last year.

Pumping test well planned at Rincon

Following the Pular drilling, Pepinnini will drill a well for pumping tests at Rincon.

This decision was made after the company received positive results from two boreholes.

Preliminary density results from laboratory analysis of the first hole confirmed readings taken in the field which indicated the presence of brine.

$1.5 million raised in placement

The company recently raised $1.5 million in a placement with funds to progress its lithium strategy at the Salta project, which is within the Lithium Triangle of South America.

Drilling has also been carried out at the Pocitos project, south of Rincon, with sample results indicating low grade lithium brine.

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Tue, 23 Jan 2018 16:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190434/pepinnini-lithium-starts-drilling-next-lithium-target-in-argentina-190434.html
<![CDATA[News - Pepinnini funds will support Argentine lithium strategy ]]> https://www.proactiveinvestors.com.au/companies/news/189837/pepinnini-funds-will-support-argentine-lithium-strategy-189837.html Pepinnini Lithium Ltd (ASX:PNN) will use $1.5 million raised in a placement to progress its lithium strategy in Argentina.

The placement of 26 million shares at $0.058 was made to sophisticated investors.

Participants included one investor introduced by Tarek Omar, head of strategic ventures at Royce Stone Pty Ltd.

Focus on Salta Lithium Project

Pepinnini’s focus is on the Salta Lithium Project in Argentina’s Salta Province within the Lithium Triangle of South America.

Through its Argentine entity Pepinnini SA, the company holds 12 mining leases with continuous tenure of 26,355 hectares.

READ: Pepinnini Resources to increase lithium focused news flow from Rincon

Five major project areas have been defined and the company has recently completed a drilling program at the Rincon project.

A drilling program of up to four holes to a maximum depth of 250 metres at the Pular project southwest of Rincon is expected to start this month.

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Thu, 11 Jan 2018 09:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189837/pepinnini-funds-will-support-argentine-lithium-strategy-189837.html
<![CDATA[News - Pepinnini Resources to increase lithium focused news flow from Rincon ]]> https://www.proactiveinvestors.com.au/companies/news/189353/pepinnini-resources-to-increase-lithium-focused-news-flow-from-rincon-189353.html Pepinnini Lithium Ltd’s (ASX:PNN) drilling from one borehole of the company’s Rincon Lithium Brine Project located in Argentina has revealed encouraging mineralisation.

The borehole intersected three distinct rock type sequences from 1 metre to 24.8 metres.

Mineralisation intersected included caliche (calcrete), sand, silt, clay and porous halite.

Between 26 metres and 69.5 metres black sands were intersected, while fractured basement rocks (basalt) from which brine was sampled.

Preliminary density results from laboratory analysis confirmed readings taken in the field which indicated the presence of brine.

Upcoming catalysts build on recent news driven rerating

In the second half of December, shares in Pepinnini more than doubled to a 12 month high of $0.094 on December 28.

A second borehole located circa 4 kilometres to the north has been completed, potentially providing further valuable information for the company.

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Tue, 02 Jan 2018 10:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189353/pepinnini-resources-to-increase-lithium-focused-news-flow-from-rincon-189353.html
<![CDATA[News - PepinNini Minerals to reveal raising details ]]> https://www.proactiveinvestors.com.au/companies/news/175390/pepinnini-minerals-to-reveal-raising-details-175390.html PepinNini Minerals (ASX:PNN) has been granted a trading halt by the ASX, pending details of a share placement.

PepinNini is focused on the Salta Province of Argentina, which is located within the Lithium Triangle of South America.

The halt will remain in place until the opening of trade on Wednesday 29th March 2017, or earlier if an announcement is made to the market.

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Mon, 27 Mar 2017 08:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175390/pepinnini-minerals-to-reveal-raising-details-175390.html
<![CDATA[News - PepinNini Minerals to outline capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/172527/pepinnini-minerals-to-outline-capital-raising-172527.html The halt will remain in place until the opening of trade on Monday 6th February 2017, or earlier if an announcement is made to the market.

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Thu, 02 Feb 2017 08:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/172527/pepinnini-minerals-to-outline-capital-raising-172527.html
<![CDATA[News - PepinNini Minerals Ltd raising funds for lithium in Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/160769/pepinnini-minerals-ltd-raising-funds-for-lithium-in-argentina-69471.html PepinNini Minerals Ltd (ASX:PNN) has been granted a trading halt by the ASX, pending an announcement relating to a share placement.

The company recently secured some lithium interests in Argentina.

The halt will remain in place until the opening of trade on Thursday 30th June 2016, or when an announcement is released to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 28 Jun 2016 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160769/pepinnini-minerals-ltd-raising-funds-for-lithium-in-argentina-69471.html
<![CDATA[News - PepinNini Minerals Ltd adds lithium to bulging mineral portfolio ]]> https://www.proactiveinvestors.com.au/companies/news/160768/pepinnini-minerals-ltd-adds-lithium-to-bulging-mineral-portfolio-69275.html PepinNini Minerals Ltd (ASX:PNN) has added lithium mining lease applications in Argentina to an existing portfolio brimful of diamond, gold and base metals exploration targets in Western Australia and Queensland.

The eight mining lease applications cover areas prospective for lithium brines over 152km2 in Salta Province in Argentina.

All of these are in known areas of historic lithium occurrences with aquifers of varying depths and brine concentrations.

It is worth noting that the capital costs for lithium brines are lower than hard rock lithium exploration.

The exploration target area has existing infrastructure in place and Salta Province is considered a mining friendly province in Argentina.

PepinNini has been operating in Argentina since 2009 and has two other projects, Santa Ines and Chivinar in the Salta province.

These projects are prospective for copper and gold comprising six granted mining leases and two mining lease applications.

The company is also advancing its portfolio of projects in Australia.

Reconnaissance mapping and sampling was undertaken at the Oasis Exploration Permit in North Queensland during the March 2016 quarter, where historic drilling had a hit of 8 metres at 6.8g/t gold.

There is diamonds, base metals and gold potential at the Western Amadeus Basin – Mozart Diamond Project in Western Australia.

Additionally, PepinNini and Rio Tinto Exploration Pty Ltd are finalising a 70:30 JV which will include tenements held by both partners at the Musgrave Province of South Australia and Western Australia. This is prospective for  copper, nickel and Platinum Group Elements (PGEs)

In April 2016, PepinNini had raised $358,787 from a non-renounceable entitlement issue of shares at $0.007 each.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 17 Jun 2016 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160768/pepinnini-minerals-ltd-adds-lithium-to-bulging-mineral-portfolio-69275.html
<![CDATA[News - PepinNini Minerals Ltd joins hunt for gold in North Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/160767/pepinnini-minerals-ltd-joins-hunt-for-gold-in-north-queensland-67535.html PepinNini Minerals Limited (ASX:PNN) has joined the gold hunt in North Queensland and is set to evaluate the gold potential of its Oasis Exploration Permit situated in Georgetown Block, where historic drilling had a hit of 8 metres at 6.8g/t gold.

The region is well known to goldies with the Kidston Gold mine located 35 kilometres west of the Oasis Exploration Permit having produced approximately 4.3 million ounces of gold.

PepinNini had originally planned to explore the Oasis Exploration Permit for uranium.

However, this changed after data records from percussion drilling undertaken during 1980s at the Lynd Mylonite Zone, which lies within the tenement showed encouraging gold intercepts.

Percussion drilling and surface geochemical investigations during 1985-86 which was recorded in QDEX reports shows drill intercepts of 8 metres at 6.8g/t gold from 56 metres depth and 1 metre at 1.5g/t gold from 19 metres depth.

While early days, the prospect will require further work since follow-up investigations have not been conducted using modern exploration methods and standards.

Initial investigations by PepinNini will focus on surface mapping and sampling of the Northern, Central and Southern Prospect areas along the Lynd Mylonite Zone.

A two for three pro rata entitlement offer to raise $1,024,261 is also underway.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 16 Mar 2016 11:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160767/pepinnini-minerals-ltd-joins-hunt-for-gold-in-north-queensland-67535.html
<![CDATA[News - PepinNini Minerals teams with CSIRO for nickel hunt ]]> https://www.proactiveinvestors.com.au/companies/news/160766/pepinnini-minerals-teams-with-csiro-for-nickel-hunt-55691.html PepinNini Minerals (ASX:PNN) has revealed details of three high-priority nickel sulphide prospects identified within the company’s 100% owned Caroline Project in the central Musgrave Region of South Australia.

The prospects are located along a prominent south-east trending domain boundary and within intersections of key east-west and north-east trending structural lineaments.

PepinNini will be targeting nickel-sulphide mineralisation associated with north-west to north-east plunging mafic feeder dykes, analogous to the geological setting of the Nebo-Babel deposits that host significant Nickel-Copper mineralisation in the West Musgrave Region.

Seven discrete magnetic ‘bulls eye’ targets have been identified near intersections of major structures, which highlights the potential for chonoliths in the project.

The presence of massive sulphides within the project area will be investigated through a collaborative geological and geophysical research project with the Minerals Down Under Flagship of the CSIRO, involving the acquisition and analysis of airborne electromagnetic survey data.

The identification of robust nickel prospects within Caroline is a significant move forward for the Company’s Greenfields Musgrave Project.

These positive interpretations highlight the prospectivity of a region that has no existing airborne EM coverage and no historical exploration.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 18 Jun 2014 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160766/pepinnini-minerals-teams-with-csiro-for-nickel-hunt-55691.html
<![CDATA[News - PepinNini Minerals restarts copper-gold exploration at Santa Ines, Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/160765/pepinnini-minerals-restarts-copper-gold-exploration-at-santa-ines-argentina-54598.html PepinNini Minerals (ASX: PNN) has resumed field activities at its Santa Ines porphyry project in Argentina, where it aims to discover large copper-gold or gold-molybdenum-copper systems.

The geology here hosts several substantial deposits, such as the Escondida Copper Mine and the Lindero Gold Deposit, which are located to the north west and south east.

Santa Ines lies within one of several major structural corridors that control the distribution of porphyry-epithermal deposits in the Andean Belt.

Planned exploration activities are designed to complement previous mapping, sampling and ground work undertaken in December 2013, with induced polarisation surveys across two promising target areas.

The El Obsequio Prospect covers the artisanal copper workings that returned 21.1% copper, 0.9 g/t gold, 34.9 g/t silver, and a complex magnetic anomaly.

The La Recompensa Prospect is an 800 metre by 1400 metre anomaly has indicated a sizable magnetic source which deepens to the west.

IP lines will be completed across the shallower portion of the modelled anomaly in an attempt to detect chargeability
anomalism worthy of drill testing.

This current phase of the exploration program is expected to be completed by early May 2014.

PepinNini also shares an iron ore project with Sinosteel (SHE:000928) at Billeroo, a nickel-copper joint venture with Rio Tinto (ASX:RIO) in the Musgrave region, and platinum exploration with CSIRO, all in South Australia.

The company is capitalised at less than $3 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 30 Apr 2014 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160765/pepinnini-minerals-restarts-copper-gold-exploration-at-santa-ines-argentina-54598.html
<![CDATA[News - PepinNini Minerals restarts copper-gold exploration at Santa Ines, Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/160764/pepinnini-minerals-restarts-copper-gold-exploration-at-santa-ines-argentina-54308.html PepinNini Minerals (ASX: PNN) has resumed field activities at its Santa Ines porphyry project in Argentina, where it aims to discover large copper-gold or gold-molybdenum-copper systems.

The geology here hosts several substantial deposits, such as the Escondida Copper Mine and the Lindero Gold Deposit, which are located to the north west and south east.

Santa Ines lies within one of several major structural corridors that control the distribution of porphyry-epithermal deposits in the Andean Belt.

Planned exploration activities are designed to complement previous mapping, sampling and ground work undertaken in December 2013, with induced polarisation surveys across two promising target areas.

The El Obsequio Prospect covers the artisanal copper workings that returned 21.1% copper, 0.9 g/t gold, 34.9 g/t silver, and a complex magnetic anomaly.

The La Recompensa Prospect is an 800 metre by 1400 metre anomaly has indicated a sizable magnetic source which deepens to the west.

IP lines will be completed across the shallower portion of the modelled anomaly in an attempt to detect chargeability
anomalism worthy of drill testing.

This current phase of the exploration program is expected to be completed by early May 2014.

PepinNini also shares an iron ore project with Sinosteel (SHE:000928) at Billeroo, a nickel-copper joint venture with Rio Tinto (ASX:RIO) in the Musgrave region, and platinum exploration with CSIRO, all in South Australia.

The company is capitalised at less than $3 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 14 Apr 2014 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160764/pepinnini-minerals-restarts-copper-gold-exploration-at-santa-ines-argentina-54308.html
<![CDATA[News - PepinNini Minerals samples 3.26% copper at Santa Ines, Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/160763/pepinnini-minerals-samples-326-copper-at-santa-ines-argentina-53280.html PepinNini Minerals (ASX: PNN) has completed rock chip sampling and magnetic data acquisition over its Santa Ines polymetallic project in Argentina.

Rock chips up to 3.26% copper, 0.8 grams per tonne gold, and 12.5 grams per tonne silver were assayed, and a largely concealed 1.4 kilometre by 800 metre magnetic anomaly identified.

Additional elements of iron, cobalt, lead, zinc, bismuth, tungsten and molybdenum were also identified in the rock chip samples.

Work was aimed at further investigating the mineralised system around historic artisanal mines, where PepinNini is exploring for a large copper-gold-molybdenum porphyry system, potentially with IOCG and epithermal characteristics.

Phase two of the exploration program to recommence shortly with extended geological mapping coverage and soil geochemistry.

Santa Ines is located in the Andean Mountain Range, just 5 kilometres from the Salta-Antofagasta rail line, and is easily accessed using existing roads and tracks.

It lies within the Archibarca lineament zone which contains the giant Escondida Copper-Gold Project 80 kilometres to the
northwest in Chile.

The company is capitalised at around $2 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 28 Feb 2014 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160763/pepinnini-minerals-samples-326-copper-at-santa-ines-argentina-53280.html
<![CDATA[News - PepinNini Minerals kicks off copper gold field program at Santa Ines, Argentina ]]> https://www.proactiveinvestors.com.au/companies/news/160762/pepinnini-minerals-kicks-off-copper-gold-field-program-at-santa-ines-argentina-51104.html PepinNini Minerals (ASX: PNN) has launched a new exploration program for copper and high-grade gold at the Santa Ines Project, which is located in the Salta Province of Argentina.

PepinNini is following up on results for grab samples collected in April 2012 from an historic mine working, with the company targeting Cu-Au-Mo porphyry deposits.

Adding to the prospectivity of the area, the BHP Escondida Cu-Au porphyry deposit is located 80 kilometres to the north-west.

The planned exploration activities for PepinNini target a better understanding of the geology and mineral potential.

The project lays within a crustal scale NW trending megalineament, which in Andean geology are widely recognised as being major long-lived structural corridors that are fundamental in the control of the distribution of porphyry-epithermal deposits.

An advantage also is proximity to gas pipeline, high-transmission power lines, Salta-Antofagasta railway.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 12 Dec 2013 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160762/pepinnini-minerals-kicks-off-copper-gold-field-program-at-santa-ines-argentina-51104.html
<![CDATA[News - PepinNini Minerals, Sinosteel yield high grade magnetite from Billeroo, South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/160761/pepinnini-minerals-sinosteel-yield-high-grade-magnetite-from-billeroo-south-australia-49238.html PepinNini Minerals (ASX:PNN) and Sinosteel's (SHE:000928) metallurgical test work at its Billeroo iron ore prospect in South Australia has supported the potential for high quality coarse magnetite.

High magnetic separation using Davis Tube Recovery (DTR) indicated that a coarse grind size of 150 micrometres recovers 94.7% of the iron at a grade of 67%, and low magnetic separation (LIMS) demonstrated that a grind size of 125 micrometres yields 92.1% at a grade of 68.3%
 
Both DTR and LIMS processing yielded concentrates with low levels of silica, alumina, phosphorous and sulphur.

Tests were conducted by ALS Metallurgy.
 
The Billeroo prospect is part of the Curnamona project, a joint venture between Sinosteel Corporation (60%) and PepinNini Minerals (40%), and is located proximal to existing rail infrastructure.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 18 Oct 2013 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160761/pepinnini-minerals-sinosteel-yield-high-grade-magnetite-from-billeroo-south-australia-49238.html
<![CDATA[News - PepinNini Minerals and Rio Tinto hit massive sulphides at Marrawah, South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/160760/pepinnini-minerals-and-rio-tinto-hit-massive-sulphides-at-marrawah-south-australia-49188.html PepinNini Minerals (ASX:PNN) and joint venture partner Rio Tinto (ASX:RIO) have intersected massive to semi-massive sulphides from drilling at the Marrawah Prospect in the Musgrave region of South Australia.

Drill core samples returned copper values up to 2500 ppm (0.25%).

The JV was searching for magmatic nickel-copper sulphide deposits across the Musgrave Province in far north South Australia, within the Caroline Intrusion.

Two cored boreholes have been completed, drilled to test a priority fixed loop electromagnetic conductivity anomaly.

Intercepts observed included 32 metres with disseminated to massive sulphides from  77 metres, and a 10.9 metre zone of massive to semi-massive sulphides from 88.1 metres.

Analytical results across from core samples returned maximum values of 2,500 parts per million copper, 745 parts per million nickel, 660 parts per million cobalt, 13 parts per billion gold, 3.5 parts per billion platinum and 6 parts per billion palladium.

Sulphide phases present in drill cores consist of abundant pyrrhotite (iron sulphide) with lesser chalcopyrite (copper sulphide) and are hosted within sulphidic pyroxenite and sulphidic gabbronorite.

PepinNini is earning up to 51% of the project.

Additionally, PepinNini has confirmed a joint research and development project with CSIRO for platinum group metals within the Caroline Intrusion.

All metreages quoted are downhole depths and true widths are not as yet known.

 

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

 

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Thu, 17 Oct 2013 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160760/pepinnini-minerals-and-rio-tinto-hit-massive-sulphides-at-marrawah-south-australia-49188.html
<![CDATA[News - PepinNini Minerals produces concentrates grading 64.3% iron from South Australia project ]]> https://www.proactiveinvestors.com.au/companies/news/160759/pepinnini-minerals-produces-concentrates-grading-643-iron-from-south-australia-project-47274.html PepinNini Minerals (ASX: PNN) has produced concentrates averaging 64.3% iron with a mass recovery of 23.5% from initial Davis Tube Recovery from samples taken from the Braemar Iron Formation within its Mt Victor Project in South Australia.

The tenement is part of the Sinosteel PepinNini joint venture alliance in which PepinNini has 40% interest, with Sinosteel PepinNini Curnamona Management managing the joint venture.

The venture aims to explore the iron ore potential to assess the extent of the resource and metallurgical characteristics of the magnetite at the Mt Victor iron ore prospect.   

Seventeen representative composite samples were selected from 10 of the 17 drill holes drilled in May 2013 to assess the potential magnitude and metallurgical characteristics of the magnetite resource over about 4.3 kilometres strike length.

Drilling results had indicated consistent thicknesses down hole of greater than 150 metres in both tested areas.

The DTR results resulted in concentrates with very low deleterious alumina, phosphorous and sulphur content. Further petrological work is underway to investigate silica values which average 8.9%.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 28 Aug 2013 16:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160759/pepinnini-minerals-produces-concentrates-grading-643-iron-from-south-australia-project-47274.html
<![CDATA[News - PepinNini Minerals identifies prospective mafic rocks at South Australian nickel-copper play ]]> https://www.proactiveinvestors.com.au/companies/news/160758/pepinnini-minerals-identifies-prospective-mafic-rocks-at-south-australian-nickel-copper-play-44261.html PepinNini Minerals (ASX: PNN) has confirmed the presence of underlying prospective mafic rocks at the Yagen and Alma Prospects in the Cooperinna Block (EL 4587) as it continues its search for magmatic nickel-sulphide deposits in South Australia.

This follows infill vacuum soil drilling undertaken across parts of the Cooperinna Block during the early part of 2013 to regolith map and geochemically assess nickel-copper prospect areas identified from the V-TEM helicopter electromagnetic survey flown in 2012.

Geochemical results from the 279 sample collected from the 225 vacuum soil holes across the Yagen, Alma, Pegasus, Cactus and Deception prospects contributed to the bedrock mapping of prospect areas and have assisted in the recognition of more prospective portions of the interpreted mafic Intrusion.

Results from the survey included up to 480ppm nickel, 320ppm copper, 280ppm cobalt, 780ppm chrome, 12.1ppb platinum, 21ppb palladium, and 161ppb gold.

The geochemistry also demonstrates that the western end and south western margin of the Yagen Intrusion may host the most prospective portions of the largely concealed mafic intrusion which includes both the Yagen and Alma Prospects.

The vacuum regolith holes complement the 2011-2012 vacuum drilling and a combined total of 646 vacuum soil holes have now been completed across the Cooperinna Block.

Diamond drilling of the electromagnetic targets at the Alma Prospect using its own diamond drill rig is continuing.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 07 Jun 2013 14:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160758/pepinnini-minerals-identifies-prospective-mafic-rocks-at-south-australian-nickel-copper-play-44261.html
<![CDATA[News - PepinNini Minerals starts electromagnetic survey targeting nickel-copper in Cooperinna project ]]> https://www.proactiveinvestors.com.au/companies/news/160757/pepinnini-minerals-starts-electromagnetic-survey-targeting-nickel-copper-in-cooperinna-project-42584.html PepinNini Minerals (ASX:PNN) has started ground geophysical surveying at the Cooperinna project in South Australia targeting magmatic nickel-copper sulphides across the Musgrave Province.

Exploration activities will include the ground electromagnetic surveys as well as infill vacuum drilling that will allow the company to refine and prioritise the diamond drill testing of a number of priority VTEM and SkyTEM targets within the project.

The geophysical surveys will be undertaken to further refine and model airborne VTEM and Sky TEM conductivity targets. Both moving loop and fixed loop EM surveying are planned and should take about 2 weeks to complete.

Infill vacuum drilling activities have focussed on the Yagen, Alma, Pegasus, Cactus and Deception Prospects during the first part of 2013 with the aim of extending bedrock mapping beneath shallow cover and testing the geochemical dispersion patterns across each of the prospect areas.

Previous geochemical analyses of regolith samples taken using the vacuum rig have returned maximum values of 260 parts per million nickel and 350ppm copper from the Alma Prospect and 470ppm nickel and 130ppm copper from the Yagen Prospect.

It had a cash balance of $1.67 million at the end of the quarter ending March 2013.

 

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Mon, 29 Apr 2013 14:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160757/pepinnini-minerals-starts-electromagnetic-survey-targeting-nickel-copper-in-cooperinna-project-42584.html
<![CDATA[News - PepinNini Minerals assays continue to support magnetite find at Curnamona project ]]> https://www.proactiveinvestors.com.au/companies/news/160756/pepinnini-minerals-assays-continue-to-support-magnetite-find-at-curnamona-project-42332.html PepinNini Minerals (ASX: PNN) has received further assays from drilling at the Billeroo Prospect of its Curnamona project in South Australia that highlight its potential to host coarse magnetite.

Notable intervals from the second batch of drill chip samples include 21 metres at 30.79% iron, 20 metres at 35.7% iron and 18 metres at 36.71% iron.

Five composite RC percussion chip samples from four of the boreholes were also submitted to ALS Global for Davis Tube Recovery test work to determine the iron concentrate recovery properties of a small number of representative magnetite intervals intersected by the drilling.

Three of the samples returned excellent mass recovery and magnetite recovery with high grade iron concentrates of between 69.31% to 70.57% iron with very low levels of contaminants.

The two remaining samples returned moderate mass recovery with high grade concentrates of between 69.57% and 70.12% Fe with generally very low contaminants.

Operator Sinosteel Corporation (70%) drilled 17 reverse circulation boreholes during February 2013 to test the iron ore potential of the Billeroo Prospect.

The remaining assay results are expected within a few weeks.

Billeroo is recognised as four discontinuous iron rich outcrops up to 300 metres in length and up to 40 metres wide that have been identified across an east – west trend of approximately 3 kilometres.

PepinNini had $1.59 million in cash as of 31 December 2012.

 

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Mon, 22 Apr 2013 14:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160756/pepinnini-minerals-assays-continue-to-support-magnetite-find-at-curnamona-project-42332.html
<![CDATA[News - PepinNini Minerals starts drilling for iron mineralisation at Mt Victor ]]> https://www.proactiveinvestors.com.au/companies/news/160755/pepinnini-minerals-starts-drilling-for-iron-mineralisation-at-mt-victor-42183.html PepinNini Minerals (ASX:PNN) has started a reverse circulation drilling program to investigate the extent of mineralisation at the Braemar Iron Formation on its Mt Victor licence in South Australia.

The reverse circulation drilling of about 3,000 metres will be carried out over the next 3-4 weeks and will test about 4.3 kilometres along the 40 kilometres strike length of the Braemar Iron Formation in the Curnamona province.

The tenement is part of the Sinosteel PepinNini joint venture alliance in which PepinNini has 40% interest, with Sinosteel PepinNini Curnamona Management managing the joint venture.

The venture aims to explore the iron ore potential to assess the extent of the resource and metallurgical characteristics of the magnetite at the Mt Victor iron ore prospect.

The partners have already obtained all statutory and heritage approvals.

The company held $1.59 million in cash at the end of the December 2012 quarter.



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Thu, 18 Apr 2013 08:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160755/pepinnini-minerals-starts-drilling-for-iron-mineralisation-at-mt-victor-42183.html
<![CDATA[News - PepinNini Minerals assays show magnetite potential at Curnamona project ]]> https://www.proactiveinvestors.com.au/companies/news/160754/pepinnini-minerals-assays-show-magnetite-potential-at-curnamona-project-41204.html PepinNini Minerals (ASX:PNN) has identified coarse magnetite mineralisation from assays at its Curnamona project in South Australia.

The results follow reverse circulation drilling that included 17 boreholes for a total of 2,438 metres.

While no high grade direct shipping ore iron was identified, significant quantities of lower grade iron was found at the Billeroo prospect as coarse magnetite, indicating potential for a coarse magnetite project.

The intervals will be investigated further and a small number of samples will be dispatched for Davis Tube Recovery testing.

Sinosteel PepinNini Curnamona Management (SPCM) manages exploration for the project on behalf of joint venture partners Sinosteel (60%) and PepinNini Minerals (40%).

SPCM has indicated that further assays are expected in a few weeks.

PepinNini had a cash balance of $1.59 million at the end of the December 2012 quarter.

 

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Mon, 25 Mar 2013 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160754/pepinnini-minerals-assays-show-magnetite-potential-at-curnamona-project-41204.html
<![CDATA[News - PepinNini Minerals restarts Cooperinna nickel-copper exploration ]]> https://www.proactiveinvestors.com.au/companies/news/160753/pepinnini-minerals-restarts-cooperinna-nickel-copper-exploration-39582.html PepinNini Minerals (ASX:PNN) has restarted field exploration for magmatic Nickel-copper sulphide deposits at its Cooperinna Block of EL4587 in South Australia.

Drilling is underway to test high quality group electromagnetic surveys via infill vacuum drilling and diamond drilling.

At the end of the 2012 field program a diamond hole was completed to a depth of 252 metres at the Yagen prospect to test coincident electromagnetic conductivity features and anomalous Ni-Cu- soil geochemistry.

Multi-element geochemical analyses of the drill core samples returned results of up to 658 parts per million Cu and 763 ppm Ni.

PepinNini has started an infill vacuum drilling program over current priority-1 VTEM targets to in order to improve its understanding of subsurface geology and multi-element geochemistry and aid in delineating targets.

Planned ground electro-magnetic surveying activities to better locate EM anomalies. 

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Fri, 15 Feb 2013 09:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160753/pepinnini-minerals-restarts-cooperinna-nickel-copper-exploration-39582.html
<![CDATA[News - PepinNini Minerals begins drilling for high grade iron ore at Billeroo ]]> https://www.proactiveinvestors.com.au/companies/news/160752/pepinnini-minerals-begins-drilling-for-high-grade-iron-ore-at-billeroo-39370.html PepinNini Minerals (ASX:PNN) has commenced exploring for high grade iron ore at the Billeroo Prospect in South Australia.

Samples taken from surface at Billeroo are variable but graded up to 65.7% iron (Fe).

An RC drilling program of 2,800 metres has commenced at the Billeroo Prospect, which displays potential for Direct Shipping Ore (DSO) grade magnetite mineralisation at surface or shallow depths.

Billeroo Prospect” is recognised as four discontinuous iron rich outcrops up to 300 metres in length and up to 40 metres wide that have been identified across an east – west trend of approximately 3 kilometres.

Sinosteel PepinNini Curnamona Management Pty Ltd (SPCM) manage the exploration for the project on behalf of the Joint Venture partners Sinosteel Corporation (60%) and PepinNini Minerals (40%) and have indicated the drilling program will take approximately 3 weeks to complete.

 

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Mon, 11 Feb 2013 08:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160752/pepinnini-minerals-begins-drilling-for-high-grade-iron-ore-at-billeroo-39370.html
<![CDATA[News - Pepinnini Minerals identifies fourth high grade iron ore prospect at Curnamona ]]> https://www.proactiveinvestors.com.au/companies/news/160751/pepinnini-minerals-identifies-fourth-high-grade-iron-ore-prospect-at-curnamona-37332.html Pepininini Minerals (ASX:PNN) has discovered a new high grade iron ore prospect at its Curnamona direct shipping ore project in South Australia.

The company, which has a joint venture with Sinosteel on the project, identified the new prospect- The Plumbago- via reconnaissance surface sampling within EL4375 Bimbowrie.

The area also displays potential for DSO grade magnetite mineralisation at surface or shallow depths.

The discovery is Pepininini's fourth high grade prospect in three weeks, with three other prospects identified through reconnaissance surface sampling within EL4239 Kalabity.

The Plumbago Prospect is recognised as a continuous iron rich outcrop approximately 150 metres in length and approximately 15 metres wide, with potential extensions on both directions.

All six surface samples from the prospect returned high grades of greater than 67.5% iron with very low levels of contaminants.

Sinosteel PepinNini Curnamona Management (SPCM) manages exploration for the project on behalf of the Joint Venture partners Sinosteel Corporation, which has 60% and PepinNini Minerals with 40%.

SPCM are currently finalising a drilling program designed to investigate accessible deposits where high grade iron mineralisation is either outcropping or concealed beneath shallow surface cover.

The drilling program is expected to commence early in 2013.

 

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Fri, 14 Dec 2012 10:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160751/pepinnini-minerals-identifies-fourth-high-grade-iron-ore-prospect-at-curnamona-37332.html
<![CDATA[News - PepinNini Minerals starts nickel-copper drilling in South Australia ]]> https://www.proactiveinvestors.com.au/companies/news/160750/pepinnini-minerals-starts-nickel-copper-drilling-in-south-australia-36728.html PepinNini Minerals (ASX: PNN) has started drilling the Yagen Prospect in the west Musgrave Province, South Australia, which hosts  electro-magnetic conductivity anomalies similar to those at the Byron Prospect.

This drilling along with ground electromagnetic surveys will enable PepinNini to refine and test a number of priority VTEM targets within the western Cooperinna Project area.

It will also contribute to the company’s ongoing search for magmatic nickel-copper sulphide deposits within the Musgrave Province.

The EM surveying has been deferred until early in 2013 due to the delays encountered in the heritage clearance process as well as the unfavourable climatic conditions.

Vacuum drilling proximal to the conductivity targets had previously returned up to 366ppm nickelt, and 70ppm copper.

PepinNini has also received assay results from diamond drilling conducted at the Byron and Byron South prospects with peak values of 1,330ppm and 969ppm copper recorded from two holes.

Sulphide and weakly anomalous copper have been intercepted within five out of six targets.

 

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Mon, 03 Dec 2012 14:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160750/pepinnini-minerals-starts-nickel-copper-drilling-in-south-australia-36728.html
<![CDATA[News - PepinNini Minerals hits sulphides at Musgrave, similar to Nebo-Babel and Nova ]]> https://www.proactiveinvestors.com.au/companies/news/160749/pepinnini-minerals-hits-sulphides-at-musgrave-similar-to-nebo-babel-and-nova-34704.html PepinNini Minerals (ASX: PNN) has intersected massive to semi-massive sulphides at the Byron Prospect, which is part of the Musgrave project in South Australia.

Highlights include:

- 47 metres with matrix and disseminated sulphides from a depth of 127metres;
- 15 metre zone with intervals of massive to semi-massive sulphides from a depth of 196 metres, followed by 28 metres with matrix and disseminated sulphides from a depth of 248 metres; and
- 20 metres with matrix and breccia sulphides from a depth of 167 metres, followed by 4 metres of matrix sulphides from a depth of 207 metres.

Sulphide phases present in drill cores consist of abundant pyrrhotite (iron sulphide) with lesser pyrite (iron sulphide) - chalcopyrite (copper sulphide) - molybdenite (molybdenum sulphide) and are hosted within a garnet-pyroxene mafic granulite as well as brecciated garnet-bearing orthogneiss.

Assay results from three cored holes drilled at the Byron prospect have been received and include concentrations of up to 0.17 g/t gold, 934ppm copper, 862ppm nickel and 52ppm molybdenum.

The intersections follow on from a ground EM survey to extend SkyTEM508 conductors.

First pass follow up drilling of SkyTEM508 electromagnetic anomalies has been completed at Cooperinna as part of PepinNini’s ongoing search for magmatic Nickel-Copper sulphide deposits across the Musgrave Province,


Similarities to BHP’s Nebo-Babel / Sirius' Nova

Where the story comes even more interesting for PepinNini is that petrological investigation of drill core samples has concluded that mafic host rocks show mineralogical similarities to Giles Complex igneous intrusions like those that host Ni-Cu-PGE mineralisation at BHP Billiton’s (ASX: BHP) Nebo-Babel deposit in the Western Musgrave Province.

Garnet-pyroxene granulites incorporated within the zones of sulphide mineralisation are also analogous in age and mineralogy to rocks that host Sirius Resources' (ASX: SIR) "Nova" Nickel-Copper Sulphide deposit within the Albany-Fraser region of Western Australia.

 

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Fri, 19 Oct 2012 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160749/pepinnini-minerals-hits-sulphides-at-musgrave-similar-to-nebo-babel-and-nova-34704.html
<![CDATA[News - PepinNini Minerals divests non-core Queensland tenements ]]> https://www.proactiveinvestors.com.au/companies/news/160748/pepinnini-minerals-divests-non-core-queensland-tenements-34474.html PepinNini Minerals (ASX: PNN) has agreed to sell six tenements it currently holds in North Queensland - which is part of the company's strategy to divest non-core assets.

PepinNini will now concentrate its exploration efforts on its key projects in the Musgrave Province of South Australia and to progress its Argentinean Project.

PepinNini will receive $850,000 for the sale of the tenements in two instalments, with the first of $600,000 on completion of usual conditions precedent for such transactions and the second of $250,000 to be paid on or before 31st March 2013.

The tenements cover 310 square kilometres near Forsayth and Georgetown, and will be acquired by JKO Mining Pty Ltd - who are the new owners of the Georgetown gold processing plant.

JKO Mining already holds the rights to several mining leases located within the exploration tenements subject of the transaction and the acquisition of the exploration rights for the surrounding areas will afford greater flexibility for their development plans.


PepinNini's other projects

PepinNini holds an interest in 33 exploration tenements covering 14,667 square kilometres in the Curnamona and Musgrave Provinces of South Australia.

The company also has four granted exploration leases, one granted mining lease and applications for exploration leases and a mining lease covering 300 square kilometres in the Argentine province of Salta.

 

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Mon, 15 Oct 2012 09:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160748/pepinnini-minerals-divests-non-core-queensland-tenements-34474.html
<![CDATA[News - PepinNini Minerals on hunt for iron ore with key exploration license granted in Curnamona Province ]]> https://www.proactiveinvestors.com.au/companies/news/160747/pepinnini-minerals-on-hunt-for-iron-ore-with-key-exploration-license-granted-in-curnamona-province-32319.html PepinNini Minerals (ASX:PNN) has been granted an exploration license at EL4965 Mt Victor covering approximately 1,218 km² in the Curnamona Province of South Australia.

The tenement forms part of the Sinosteel PepinNini Joint Venture Alliance in which PepinNini holds a 40% interest.

A number of other gold and copper prospects are located within EL 4965 which also contains potential for a large magnetite resource within the Braemar Iron Formation.

The Joint Venture has prioritised the investigation of the iron ore potential to assess the potential magnitude of the resource and metallurgical characteristics of the magnetite at the Mt Victor Iron Ore Prospect.

Exploration within the Curnamona Province Project area, which includes the Crocker Well Uranium Deposit, is being managed by Sinosteel PepinNini Curnamona Management Pty Ltd (SPCM) on behalf of the Joint Venture partners Sinosteel Corporation (60%) and PepinNini Minerals (40%).

The Joint Venture will explore the iron ore potential of the Braemar Iron Formation.

Results from a drilling program completed during the previous quarter at the Macdonald Corridor Prospect confirm the potential for a very large magnetite iron ore resource which could be beneficiated to a high grade blast furnace feed product.

Davis Tube Recovery (DTR) results from 5 samples submitted to determine initial optimum recovery parameters produced a sample concentrate with low impurities (SiO2 < 5%), relatively high mass recovery (average 20%) and high Fe content (average 68%).

The Nillinghoo Goldfield is located within the tenement area and has been the focus of most of the previous exploration activity.

Subject to obtaining statutory and heritage clearances an aeromagnetic survey followed by an extensive drilling program is planned to investigate the Mt Victor Iron Ore Prospect as soon as possible.

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Tue, 14 Aug 2012 08:48:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160747/pepinnini-minerals-on-hunt-for-iron-ore-with-key-exploration-license-granted-in-curnamona-province-32319.html
<![CDATA[News - PepinNini Minerals unearths high grade copper, gold samples near BHP Billiton’s 5Bt Escondida ]]> https://www.proactiveinvestors.com.au/companies/news/160746/pepinnini-minerals-unearths-high-grade-copper-gold-samples-near-bhp-billitons-5bt-escondida--30150.html PepinNini Minerals (ASX: PNN) has uncovered high grade copper and gold through surface sampling at its Santa Ines Project in Argentina, which lies along the same structural corridor that hosts BHP Billiton’s (ASX: BHP) 5 billion tonne Escondida copper-gold porphyry deposit. 

The 82 square kilometre project is strategically located just 5 kilometres from the Salta-Antofagasta railway and is easily accessed using existing roads and tracks.

Santa Ines lays within a crustal scale northwest trending mega-lineament, which is widely recognised as being a major long-lived structural corridor fundamental in the control of the distribution of porphyry-epithermal deposits.

Known mineralisation along this lineament to the immediate southeast of Santa Ines includes the 2.2 million ounce Lindero Gold Porphyry project, which is currently in Feasibility, and advanced copper-gold exploration projects including Rio Grande, Arizario and Samenta.

The grab samples, which were collected from a historic mine working returned grades of up to 21.7% copper and 0.91 grams per tonne gold, confirming the potential for high grade copper and gold mineralisation at Santa Ines.

There is no evidence of any modern exploration work having been undertaken at Santa Ines and no historical data is available.

PepinNini plans to target a number of potential mineralisation models including porphyry-epithermal style deposits and iron-oxide copper-gold targets at depth.


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Fri, 15 Jun 2012 09:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160746/pepinnini-minerals-unearths-high-grade-copper-gold-samples-near-bhp-billitons-5bt-escondida--30150.html
<![CDATA[News - PepinNini Minerals revises iron ore JORC Resource following DSO hematite intercepts ]]> https://www.proactiveinvestors.com.au/companies/news/160745/pepinnini-minerals-revises-iron-ore-jorc-resource-following-dso-hematite-intercepts-29762.html PepinNini Minerals (ASX: PNN) has revised the JORC Resource for Area C, part of the joint venture Robinson Range Iron Ore Project, following a drilling program.

The revised Inferred Resource at Area C is 4.3 million tonnes at 55.2% iron, based on a 52% iron cut-off grade, or 17.7 million tonnes at 49.7% iron based on a cut-off grade of 45% iron.

Results from 18 shallow reverse circulation holes drilled in 2012, which intercepted Hematite and Hematite-Goethite iron enrichment, have now been included in the resource.

Highlights from drilling in 2012 include:

- 24 metres at 64.2% iron from surface;
- 15 metres at 60.7% iron from 56 metres; and
- 57 metres at 56% iron from 3 metres, including 33 metres at 61.8% iron from 25 metres.

Of the 18 holes drilled at Area C, 13 returned intercepts of greater than 55% iron content, which offers Direct Shipping Ore potential.

The Robinson Range Project in Western Australia’s Mid West region comprises seven tenements covering 700 square kilometres.

It is held in joint venture between PepinNini Robinson Range (40%), Grosvenor Gold (40%) and FE Limited (ASX: FEL) (20%).



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Wed, 06 Jun 2012 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160745/pepinnini-minerals-revises-iron-ore-jorc-resource-following-dso-hematite-intercepts-29762.html
<![CDATA[News - PepinNini intercepts mineralisation above 55% iron at Robinson Range ]]> https://www.proactiveinvestors.com.au/companies/news/160744/pepinnini-intercepts-mineralisation-above-55-iron-at-robinson-range-28828.html PepinNini Minerals (ASX: PNN) is on track to revise the JORC Resource for Area C, within the company’s Robinson Range Project in Western Australia following high grade iron intercepts in the latest drilling program.

Intercepts of Hematite and Hematite-Goethite iron enrichment have continued at Area C, with highlights including:

- 24 metres at 64.2% iron from surface;
- 15 metres at 60.7% iron from 56 metres; and
- 57 metres at 56% iron from 3 metres, including 33 metres at 61.8% iron from 25 metres.

Of the 18 holes drilled at Area C, 13 returned intercepts of greater than 55% iron content, which offers Direct Shipping Ore potential.

Data from the drilling program is being compiled and assessed to allow for revision of the maiden Mineral Resource. Area C hosts an Inferred Resource of 4.65 million tonnes at 55.2% iron.

The 35 hole drilling program was designed to extend coverage across the Resource at Area C, and investigate three other prospects.

No substantial supergene iron enrichment was encountered in drilling these prospects.

The Robinson Range Project in Western Australia’s Mid West region comprises seven tenements covering 700 square kilometres.

PepinNini holds a 50% iron ore interest within three tenements and a 40% iron ore interest in the other four tenements.



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Mon, 14 May 2012 09:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160744/pepinnini-intercepts-mineralisation-above-55-iron-at-robinson-range-28828.html
<![CDATA[News - Pepinnini Minerals targets magnetite in initial drilling within the Curnamona Province ]]> https://www.proactiveinvestors.com.au/companies/news/160743/pepinnini-minerals-targets-magnetite-in-initial-drilling-within-the-curnamona-province-22992.html Pepinnini Minerals (ASX: PNN) has already identified a number of magnetite prospects within the tenements held by the Sinosteel PepinNini joint venture in the Curnamona Province of South Australia.

The joint venture has prioritized the investigation of the iron ore potential of the tenements, and have now kicked off an initial drilling program to evaluate the magnitude potential, along with the metallurgical characteristics of the magnetite, at the Macdonald Corridor Iron Ore Prospect.

Three priority targets have been identified within outcropping to shallow glacial BIFm of Neoproterozoic age by interpretation of detailed regional magnetic data and geological mapping of the area.

A plus for the project is the location, with the current infrastructure near the towns of Broken Hill and Peterborough, and around 30 kilometres from the heavy duty trans-Australian railway and adjacent sealed Barrier Highway.

The program will comprise around 2000 metres of reverse circulation percussion drilling to 150 metres along two planned traverses.

Pepinnini said that modeling of aeromagnetic data indicates the main magnetic units of the Braemar Iron Formation to be 425 to 450 metres wide along Traverse 1 and 750 to 800 metres wide along Traverse 2.

 

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Mon, 05 Dec 2011 12:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160743/pepinnini-minerals-targets-magnetite-in-initial-drilling-within-the-curnamona-province-22992.html
<![CDATA[News - PepinNini Minerals: numerous intercepts at more than 50% hematite iron at Robinson Range ]]> https://www.proactiveinvestors.com.au/companies/news/160742/pepinnini-minerals-numerous-intercepts-at-more-than-50-hematite-iron-at-robinson-range-22395.html PepinNini Minerals (ASX: PNN) has received a number of hematite and hematite-goethite iron enrichment intersections above 50% iron at the Robinson Range Iron Ore Project as the company works towards a JORC Resource.

In total, 63 boreholes have been completed for 3,161 metres of drilling within six prospect areas.

Results include:

- 26 metres at 61.2% iron from 20 metres;
- 45 metres at 59.7% iron from 6 metres, including 39 metres at 61.1% iron; and
- 10 metres at 53.9% iron from 2 metres, including 4 metres at 57.5% iron from 4 metres.

The drilling program is designed to investigate potential iron ore Resources, including direct shipping ore, at 11 prospect areas.

Robinson Range covers 700 square kilometres in the Midwest region of Western Australia, 550 kilometres north east of the planned Oakajee Port and Rail development near Geraldton.

The region has emerged as Western Australia’s next major iron ore province, second to the Pilbara, and holds considerable potential for the discovery of both iron-ore and manganese deposits.

The remaining 35 drill holes in the program have been delayed by mechanical problems, and will be completed once a suitable replacement drill rig is commissioned.

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Tue, 22 Nov 2011 12:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160742/pepinnini-minerals-numerous-intercepts-at-more-than-50-hematite-iron-at-robinson-range-22395.html
<![CDATA[News - PepinNini Minerals kicks off drilling at Robinson Range Iron Ore Project ]]> https://www.proactiveinvestors.com.au/companies/news/160741/pepinnini-minerals-kicks-off-drilling-at-robinson-range-iron-ore-project-17410.html PepinNini Minerals (ASX: PNN) will commence an extensive drilling program of about 100 reverse circulation (RC) boreholes this week within the seven tenements comprising the Robinson Range Project.

The drilling program at the project, located in the Midwest region of Western Australia, is designed to investigate potential iron ore resources including direct shipping ore (DSO) at eleven prospect areas located amongst the 40 kilometres strike length of Robinson Range Formation.

The project is located 850 kilometres north of Perth and 550 kilometres north east of the planned Oakajee Port and Rail development near Geraldton.

The region has emerged as Western Australia’s next major iron ore province (second to the Pilbara) and holds considerable potential for the discovery of both iron-ore and manganese deposits.

The demand for iron ore, particularly from China over the last 5-10 years has led to an increased search for such deposits outside of the Pilbara region.

The Robinson Range Formation includes banded iron and granular iron formation units which outcrop variably within the tenements. The prospective iron ore areas contain supergene enriched Hematite and Hematite-Goethite mineralisation which form the primary targets for drill testing.

Previous surface sampling revealed rock chip results of up to a maximum of 67.3% iron (Fe), with all areas sampled returning some values in excess of 60% Fe.

The Robinson Range Project comprises seven tenements that cover about 700 square kilometres.

PepinNini Minerals has a 50% interest in the iron ore contained within three tenements and a 40% interest in the iron ore contained within the other four tenements.

Joint Venture Agreements have been executed to facilitate the exploration and development of the iron ore potential of the tenements. PepinNini manages exploration on behalf of the Joint Venture partners.

The company is well funded and expects the drilling program will take about eight weeks to complete.

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Mon, 27 Jun 2011 08:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160741/pepinnini-minerals-kicks-off-drilling-at-robinson-range-iron-ore-project-17410.html
<![CDATA[News - PepinNini raises A$3.1m for Direct Shipping Iron Ore project at Robinson Range ]]> https://www.proactiveinvestors.com.au/companies/news/160740/pepinnini-raises-a31m-for-direct-shipping-iron-ore-project-at-robinson-range--13218.html PepinNini Minerals (ASX: SHH) will raise A$3.1 million through a placement of 11.5 million shares at 27 cents per share.

Proceeds will be used for working capital to progress the company’s Direct Shipping Iron Ore project at Robinson Range in Western Australia.

The placement was managed by PhillipCapital Australia and represents 14.7% of PepinNini’s pre placement undiluted capital or 12.8% of post placement capital on a diluted basis.

The capital raising was substantially over subscribed.

The project is located 850kms north of Perth and 550kms north east of the planned Oakajee Port and Rail development near Geraldton.

The region has emerged as Western Australia’s next major iron ore province (second to the Pilbara) and holds considerable potential for the discovery of both iron-ore and manganese deposits.

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Wed, 19 Jan 2011 15:01:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160740/pepinnini-raises-a31m-for-direct-shipping-iron-ore-project-at-robinson-range--13218.html
<![CDATA[News - Pepinnini Minerals in trading halt pending capital raising ]]> https://www.proactiveinvestors.com.au/companies/news/160739/pepinnini-minerals-in-trading-halt-pending-capital-raising-13129.html Adelaide-based Pepinnini Minerals (ASX: PNN) has requested a trading halt pending release of an announcement about a capital raising.

The halt will last until an announcement is made or commencement of trading on Wednesday 19th January 2011.

In early December PepinNini commenced a drilling program targeting ten areas for uranium, copper, gold, lead and zinc mineralization within its Kalabity tenement (EL4239) in the Curnamona Province of South Australia.

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Mon, 17 Jan 2011 14:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160739/pepinnini-minerals-in-trading-halt-pending-capital-raising-13129.html
<![CDATA[News - PepinNini Minerals kicks off drilling for uranium and gold at Curnamona Province Project ]]> https://www.proactiveinvestors.com.au/companies/news/160738/pepinnini-minerals-kicks-off-drilling-for-uranium-and-gold-at-curnamona-province-project-12383.html Brisbane-based PepinNini Minerals (ASX: PNN) has commenced a drilling program targeting ten areas for uranium, copper, gold, lead and zinc mineralization within its Kalabity tenement (EL4239) in the Curnamona Province of South Australia.

A total of 4,000 metres of aircore drilling along 28 traverses will be completed during the program, which is being undertaken by Sinosteel PepinNini Curnamona Management Pty Limited (SPCM) on behalf of the joint venture partners Sinosteel Corporation (60%) and PepinNini Minerals (40%).

New radiometric, aeromagnetic and geochemical data collected by SPCM and a review and compilation of historical literature and data has enabled the company to identify the target areas.

With heritage clearance having been approved, areas 1, 2 and 3 will be the initial target areas to be drilled. Additional target areas will undergo heritage clearance surveying within the coming weeks.

The drilling will test a number of stratigraphic settings proximal to the prospective “Bimba Transition” which are highlighted as either airborne radiometric anomalies or interesting aeromagnetic features in areas where previous exploration drilling has either been absent or very limited.

The aircore drilling program is being undertaken at the same time as the company's diamond drilling program for the Scott Hill tenement, also within Curnamona Province, which will involve the completion of four deep diamond boreholes to test the olympic Dam/Carapateena style iron oxide copper gold uranium (IOCGU) targets.

PNN has a market capitalisation of A$16.81 million and had A$4.69 million at the end of the September quarter.

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Wed, 08 Dec 2010 09:44:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160738/pepinnini-minerals-kicks-off-drilling-for-uranium-and-gold-at-curnamona-province-project-12383.html
<![CDATA[News - PepinNini announces start of drilling at South Australian deposit ]]> https://www.proactiveinvestors.com.au/companies/news/160737/pepinnini-announces-start-of-drilling-at-south-australian-deposit-3279.html PepinNini Minerals (ASX: PNN) has announced the commencement of a drill program at Mt Victoria in South Australia - a uranium deposit being developed in alliance with Sinosteel.

PepinNini, which last traded for 32c on the Australian Stock Exchange, reported that five fully cored diamond drill holes were planned to verify the previously identified resource at the historic Mt Victoria Uranium Deposit.

Mt Victoria has an Inferred JORC compliant resource of 250,000 tonnes at an average U3O8 grade of 0.16% using a cutoff grade of 300ppm.

A reverse circulation drilling program of approximately 37 holes would also investigate other regional prospects in the vicinity of Crocker Well, including Becaroo, Anomaly A and Anomaly H located within EL 4239 and EL3278.

PepinNini has a 40% stake in the joint venture with the remaining 60% held by Sinosteel.

The Crocker Well Uranium Project is located approximately 150kms west of Broken Hill and approximately 400kms north of Adelaide in the highly prospective Curnamona region of South Australia. There are numerous other known uranium deposits within close proximity to the Crocker Well deposit, including the Honeymoon Uranium deposit.

High grade surface samples of up to 2.6% U3O8 have been reported for the Becaroo Prospect and 2.4% U3O8 for Anomaly A.

All of the prospects to be investigated have extensive surface radiometric anomalies.

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Fri, 13 Nov 2009 09:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/160737/pepinnini-announces-start-of-drilling-at-south-australian-deposit-3279.html
<![CDATA[News - PepinNini Minerals records gold grades up to 1,710 g/t in north Queensland ]]> https://www.proactiveinvestors.com.au/companies/news/160736/pepinnini-minerals-records-gold-grades-up-to-1710-gt-in-north-queensland-1841.html PepinNini Minerals (ASX: PNN) has recorded exceptionally high grade gold mineralisation on the company's four granted tenements within the Etheridge Goldfield in North Queensland from surface sampling.

Previous sampling had reported gold grades of up to 335 g/t.

Some of the more significant results from the recently completed survey conducted in April and May include:

- Gold grades of up to 1,710 g/t (55 oz/t)
- Numerous samples with gold grades of more than 31 g/t (1oz/t)
- Silver grades of up to 20 oz/t
- Soil sampling results confirm extensive surface mineralisation
- New vein systems identified at surface

PepinNini will undertake a detailed heli-mag survey to assist in defining further structural targets and is planning to undertake a drilling program within the tenement later in 2009.

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Mon, 29 Jun 2009 07:11:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160736/pepinnini-minerals-records-gold-grades-up-to-1710-gt-in-north-queensland-1841.html
<![CDATA[News - PepinNini Minerals farm-in to Rio Tinto nickel Musgrave Province ]]> https://www.proactiveinvestors.com.au/companies/news/160735/pepinnini-minerals-farm-in-to-rio-tinto-nickel-musgrave-province-1696.html PepinNini Minerals (ASX: PNN) has farmed into a joint venture with Rio Tinto Exploration Pty Limited over three tenement areas within the Musgrave Province of South Australia.

The company considers the ground is prospective for nickel copper sulphide mineralisation and other commodities and are adjacent to granted exploration licences currently being explored by PepinNini.

The deal, which is subject to  consent from the Minister of Mineral Resources for South Australia as well as traditional owners of the Anangu Pitjantjatjara Yankunytjatjara Lands, involves a minimum on-ground exploration program to investigate a number of identified priority airborne electro-magnetic (EM) targets within a period of 2 years.

PepinNini will aim to sole fund an expenditure of either: $1 million on exploration if ELA 491/94 is not granted within one year or $1.5 million if ELA 491/94 is granted within 1 year.  In return PepinNini will earn an initial 51% participating interest to a cumulative total amount of $4 million within a 4 year period from the commencement of the Farm-in and Joint Venture Agreement.

Rio Tinto has the right to contribute to joint venture expenditure or dilute its participating interest and retains an earn-back right should a discovery of significant proportions be made.

Rio Tinto can elect to increase its participating interest to 70% by solely funding expenditure to the first of either the completion of a Feasibility Study or the expenditure of $20 million by Rio Tinto.

PepinNini and Rio Tinto consider the targets identified from aerial EM surveys warrant immediate investigation by detailed ground geophysical surveys and drilling. Subject to obtaining statutory and traditional owner approvals it is the intention of PepinNini to prioritise the investigation of the targets already identified within the tenements.

Meanwhile PepinNini has just raised $3.5 million via the placement of 10 million ordinary fully paid shares at 35 cents per share to international and Australian institutional investors. The placement was oversubscribed.

Funds will be used progress the Company’s share (40%) of the Bankable Feasibility Study (BFS) currently underway for the Crocker Well Uranium Deposit being developed in Joint Venture with Sinosteel Corporation (60%).

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Thu, 11 Jun 2009 10:58:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160735/pepinnini-minerals-farm-in-to-rio-tinto-nickel-musgrave-province-1696.html
<![CDATA[News - PepinNini raises $3.5 million to progress Crocker Well Uranium feasibility study ]]> https://www.proactiveinvestors.com.au/companies/news/160734/pepinnini-raises-35-million-to-progress-crocker-well-uranium-feasibility-study-1670.html PepinNini (ASX: PNN) has raised $3.5 million via the placement of 10 million ordinary fully paid shares at 35 cents per share to international and Australian institutional investors. The placement was oversubscribed.

Funds will be used progress the Company’s share (40%) of the Bankable Feasibility Study (BFS) currently underway for the Crocker Well Uranium Deposit being developed in Joint Venture with Sinosteel Corporation (60%) and for other working capital requirements.  The BFS is due for completion in September 2009.  The Sinosteel PepinNini Joint Venture has lodged an application for a Mining Lease with the South Australian Government for the development of a uranium mine at Crocker Well.

The Crocker Well Uranium Project is located approximately 150kms west of Broken Hill and approximately 400kms north of Adelaide in the highly prospective Curnamona region of South Australia. There are numerous other known uranium deposits within close proximity to the Crocker Well deposit, including the Honeymoon Uranium deposit.

The base case is predicated on the excavation of up to 30 million tonnes of ore (which allows for any potential increase in the resource), and a possible production rate of between 500 tonnes per annum of U3O8 and 1,250 tonnes per annum U3O8.

This implies a project life of between 7 and 15 years, however all of these figures are subject to more detailed ore reserve calculations, mining and process optimisation studies.

Mining is expected to commence in 2011/12 and based on current estimates regarding the amount of the resource, we expect the mine life to be between 7 and 10 years.

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Tue, 09 Jun 2009 08:55:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160734/pepinnini-raises-35-million-to-progress-crocker-well-uranium-feasibility-study-1670.html
<![CDATA[News - PepinNini Minerals progressing Crocker Well Uranium Project ]]> https://www.proactiveinvestors.com.au/companies/news/160733/pepinnini-minerals-progressing-crocker-well-uranium-project-1229.html PepinNini Minerals (ASX:PNN) has advised that a Bankable Feasibility Study (BFS) for the development of a mine at Crocker Well Uranium Field in South Australia is currently in progress and is scheduled to be completed in September 2009. the development of the Crocker Well Uranium Deposit by Sinosteel Corporation (60%) and PepinNini Minerals (40%) is being managed by Sinosteel PepinNini Curnamona Management Pty Limited (SPCM) on behalf of the Joint Venture partners.

The Crocker Well Uranium Field incorporates six deposits over 4 sq.kms containing 14.85 million lbs of U3O8. (Inferred JORC compliant resource of 12.5MT @ 0.5kg/tonne (0.05%) U3O8 based on a cutoff grade of 300ppm) Estimated mining costs of US$2.47/tonne and processing costs of US$12.79/lb U3O8 for Crocker Well. Approximately US$120million capital cost required to establish a mining and processing operation.

The Sinosteel PepinNini Joint Venture has lodged an application for a Mining Lease with the South Australian Government for the development of a uranium mine at Crocker Well.

Geotechnical Drilling

Drilling at the proposed site for the process plant has been completed to determine geotechnical parameters for construction purposes. Drilling is also being undertaken at the proposed site of the tailings dam.

Hydrogeological Program

Work is currently underway to determine the hydrogeological parameters of the proposed mine areas and to investigate possible water sources in the immediate vicinity of the mine.

Process Design

The BFS managers, Bateman, have designed a process circuit which includes a flotation beneficiation stage. Laboratory flotation test work was completed during December 2008. The results indicate that flotation can be successfully deployed for upgrading the Crocker well ore body. The recovery of uranium by flotation was determined to be in excess of 80% with a mass pull of approximately 20-30%. Further metallurgical test work is still in progress to optimize the process and the overall uranium recovery.

Resource Verification

Additional drilling is required to convert more of the current Inferred resource to an Indicated Category. A drilling program of approximately 8,000 metres in approximately 77 boreholes has been designed to complete the conversion of at least 80% of the current Inferred Resource to an Indicated category. The program is expected to commence before the end of April. An interim resource estimate incorporating data from the previous drilling program conducted last year is in preparation and is expected to be completed by mid June.

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Wed, 15 Apr 2009 09:01:00 +1000 https://www.proactiveinvestors.com.au/companies/news/160733/pepinnini-minerals-progressing-crocker-well-uranium-project-1229.html