Critica establishes first indicated resource at Jupiter

MINOTAUR Exploration has successfully completed a placement to raise A$1.5m to back its base metals tenements in Queensland and South Australia. New shares will be issued at $0.05 per share, representing around a 9pc discount to last close (on October 30, 2019) and around a 12pc discount to the 15-day volume weighed average price (VWAP) of $0.057. Minotaur managing director Andrew Woskett said that the investor support seen in the placement validated the company’s prospects, with the proceeds to be applied across Minotaur’s base metals exploration projects. “Works will include drilling for the Windsor JV plus drill targeting at Minotaur’s wholly-owned Peake and Denison, and Highlands projects,” Mr Woskett said. Around $0.950m of the placement will be spent at the...

FINDING valuable gold and mineral deposits can costs millions of dollars, but UniSA’s Future Industries Institute senior research fellow Dr Caroline Tiddy has come up with a cost-saving solution. Dr Tiddy has developed a suite of geochemical tools to more accurately target valuable mineral deposits and save drilling companies money in the process. The tools use data collected from analysing drilling materials to help locate undiscovered precious metals buried by younger sediment and identify the right drill holes. “The global demand for copper and gold is growing, but it is getting increasingly hard to find these metals as companies are forced to drill deeper and deeper, costing them significant amounts of money,” Dr Tiddy said. Diamond drilling can cost to...

Kopore Metals Limited (ASX:KMT) has entered into a binding share sale agreement with Endeavour Financial AG to acquire 100% of Endeavour's uranium project in the Agadez region of Niger. Under the deal Kopore will acquire Endeavour's wholly owned subsidiary EF Niger Exploration SARL. The Project comprises three granted exploration permits (Permits) and one exploration licence application in the highly prospective Tim Mersoi Basin, considered one of the world’s major uranium producing areas. The Permits host the same geology that is represented at Orano’s Cominak (now shut down) and Somair mines and the Imouraren (Orano), Madaouela (Goviex) and Dasa (Global Atomic) projects. According to the World Nuclear Association, Niger was the 6th largest producer of uranium in 2021 and has been...

AUSTRALIAN lithium developer, Core Lithium, has announced a world-class, high-grade lithium intersection of 107m at 1.70pc Li2O at the BP33 Prospect within its wholly owned Finniss Lithium Project, situated near Darwin in the Northern Territory. The discovery of the coarse spodumene crystals is an outstanding find and will add life to the Finnis project. Managing Director, Stephen Biggins, said the find of more than 100m of high-grade lithium mineralisation, located 25km from Australia’s closest port to Asia, highlighted the natural advantages the Finniss Project has regarding quality and cost. “We are confident in having the Finniss Project construction-ready in early 2020, so that we are well-positioned to be Australia’s next sustainable lithium producer as market conditions continue to improve,” he...