Blast from the Future: Heavy Minerals at the forefront of growing garnet demand
Heavy Minerals: blasting onto the market with enigmatic and in-demand mineral garnet
The Shire of Northampton, located 50km north of Geraldton in Western Australia, is ostensibly known for tourism, the coastal lifestyle of Kalbarri, and glorious heritage trails. It is bounded by the Chapman Valley, Shark Bay, and Murchison shires, and the Indian Ocean.
Amidst all this is a lesser known yet incredibly important landmark – the Port Gregory Garnet Project, situated in the established mineralogical terrain of the Hutt River garnet area.
Perth-based junior exploration company Heavy Minerals (ASX:HVY) wholly owns the 166 million tonne resource project, with a Prefeasibility Study (PFS) imminently due to commence.
ABx Group starts drill testing new REE discovery at Deep Leads Project, Tasmania
ABx Group (ASX:ABX) has begun an 18-hole reverse circulation (RC) drill program to test a recent new rare earths discovery near its Deep Leads Project in Tasmania, Australia.
The company, which has a market capitalisation of $22.13 million, says it plans to drill near discovery hole RM302, which lies roughly 5km northeast of Deep Leads. The program is aimed to determine whether ionic adsorption clay (IAC)-style rare earth mineralisation could extend in the northern section of the project.
As previously announced by ABx, discovery hole RM302 intersected 11m @ 1,700 parts per million (ppm) total rare earth oxide (TREO). ABx says the hole is considered to be ‘one of the best’ rare earth intercepts by the company to date and is located at the northeastern point of the company’s first drill coverage.
Tempest Minerals eyes Elephant gold project within ‘compelling’ Fraser Range, Western Australia
Australian explorer Tempest Minerals (ASX:TEM) is looking to acquire the ‘compelling’ and ‘exciting’ Elephant Project on the periphery of the Albany Fraser Belt in Western Australia.
The company, which has a $7.09 million market capitalisation, says the gold project is host to ‘exciting’ coincident geochemical and geophysical targets and has a footprint comparable to other ‘world-class’ gold deposits in the region.
Tempest reports that under a non-binding term sheet signed with sole project owner Lusture, which is wholly owned by MAC3, it will now undertake legal, financial, and technical due diligence on the project.
Ragnar Metals flags fresh REE results with ‘significant’ gallium at Gruvhagen Project, Sweden
Ragnar Metals (ASX:RAG) is eyeing fresh field sampling work at its Gruvhagen Project in Sweden following the discovery of rare earths mineralisation with ‘significant’ gallium.
The company, which has a market capitalisation of $10.90 million, says this additional fieldwork is required to establish the interpretation of neodymium-praseodymium (NdPr)-gallium mineralisation that potentially occurs for a 7km strike along the southern edge of a magnetic anomaly in the area, which is mapping iron mineralisation.
The news comes after Ragnar reported new assay results from the Gruvhagen Project of up to 19.7% total rare earth oxide (TREO) with a ‘high’ NdPr ratio of 31%, together with 169g/t gallium, 0.8% copper, and 490g/t cobalt mineralisation at the Morkens prospect.
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Krakatoa Resources uncovers further ‘high-grade’ lithium and gallium at King Tamba, WA
Copper-gold explorer Krakatoa Resources (ASX:KTA) is looking to undertake additional exploration following the identification of further ‘high-grade’ lithium and gallium at its King Tamba Project in Western Australia.
The company, which has an $11.93 million market capitalisation, says these results were generated from the third phase of rock sampling and highlight ‘significant’ and ‘high-grade’ gallium near the Loader prospect.
Krakatoa Resources reports 6 samples gathered from this area have returned over 100 parts per million (ppm) gallium (Ga), with a peak assay of 186ppm Ga.
Liontown Resources awards $1 billion Kathleen Valley Underground Mining Services contract to Byrnecut
Liontown Resources (ASX:LTR) has awarded ‘tier-one’ mining contractor Byrnecut a billion-dollar Underground Mining Services contract for the development and production of the Kathleen Valley Lithium Project in Western Australia.
Liontown, which has a market capitalisation of $5.9 billion, says the appointment of Byrnecut is a ‘significant’ milestone for the project. The $1 billion fixed and variable contract is expected to span 4 years.
Byrnecut will invest more than $125 million in new equipment for the work under the contract, which Liontown says highlights the contractor’s commitment to delivering the underground mining services.
ABx Group (ASX:ABX)
MD & CEO Mark Cooksey discusses the 'exciting' times ahead for the company as a short drilling campaign gets underway around a recent discovery hole at the Deep Leads Project