Viking's Voyage Validating Vanadium's Value & Vitalness
Viking Mines has a vanadium story to tell
Asked if there’s anything in particular he’d like investors — anyone, really — to understand about Viking Mines (ASX:VKA), Managing Director Julian Woodcock doesn’t hesitate.
“I think we really don’t get significant recognition for the value of vanadium. It’s a commodity that’s not well understood,” he says.
“When I go to presentations and meetings with brokers and investors, there’s usually about a third of my slide deck about: What is vanadium? What’s it used for? What’s the outlook for it? Some people, you ask them: Do you know much about vanadium? They say: I don’t even know what it is.”
‘Anomalies crying out for drill testing’: Impact Minerals’ movements in copper, rare earths, and HPA
Impact Minerals (ASX:IPT) Managing Director Mike Jones speaks with Mining.com.au about the company’s wins and milestones over 2023 and its development plans for 2024.
With important assets in rare earths and copper and what could potentially become the cheapest high-purity alumina (HPA) project on the planet, Dr Jones makes one thing clear to this news service for the next 6 months: the March quarter is about prep, and the June quarter is about delivery.
Black Canyon: manganese mining in a class of its own
The ‘Class of 2021’ for ASX initial public offerings (IPOs) was exceptionally strong.
The market recorded the highest number of new IPOs in a decade – and more than the previous two years combined.?
Among the 191 floats that year was Australian manganese explorer and developer Black Canyon (ASX:BCA).?
Cross-continent commodities: Cazaly carving out carbonatites all around the world
With a string of prospective projects for various commodities in Canada, Western Australia, and Namibia, there’s no shortage of exploration potential across Cazaly Resources’ (ASX:CAZ) portfolio.
Managing Director Tara French tells this news service that after a promising 2023, the first half of 2024 will be primarily focused on lithium exploration at the company’s Kaoko Project and licence approvals at the Abenab North Project in Namibia, as well as follow-up work on anomalous surface results at the Lyons REE Project in Western Australia.
True North set for first US$18 million loan drawdown
True North Copper (ASX:TNC) has met all tranche one conditions precedent of the 4-year US$28 million ($42 million) senior secured loan with Nebari Natural Resources Credit Fund II LP.?
True North, which has a $52.79 million market capitalisation, says drawdown of tranche one of the loan facility (US$18 million), is scheduled for 9 February 2024.?
As part of the trance one facility True North will hold about $13.47 million on a term deposit paying about 5% per annum interest, with bank guarantees to be issued to satisfy its obligations with respect to rehabilitation bonding requirements, regarding the Cloncurry rehabilitation bond.?
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Cazaly back in saddle with global exploration
With a string of prospective projects across various commodities in Canada, Australia, and Namibia, there’s no shortage of exploration potential across Cazaly Resources’ (ASX:CAZ) portfolio.
Managing Director Tara French tells Mining.com.au that after a promising 2023, the first half of 2024 will be primarily focused on lithium exploration at the company’s Kaoko Project and licence approvals at the Abenab North Project in Namibia.
It will also as a priority follow-up work on anomalous surface results at the Lyons REE Project in Western Australia.
Helix: hitting home runs in Rochford Copper Trend
Teams of analysts forecast a copper surplus for 2024 although ‘large’ deficits are estimated from 2025 through to 2027 as concentrates production weakens and planned smelter production strengthens.?
The world needs more copper as without it reaching net zero carbon emissions is nigh impossible.????????
In such a climate, the only question on the minds of most investors, explorers, developers, and experts is this – where is this copper going to come from?
Aruma branching out with more rigs across Salmon Gums
Aruma Resources (ASX:AAJ) is looking at further targeted drilling at its Salmon Gums Project in Western Australia to develop its gold and rare earth element (REE) prospects.?
The company says drilling is being planned after announcing today (7 February 2024) it has completed a 63-hole initial aircore drilling program at Salmon Gums.?
Drilling contractors K-Drill was employed to complete the initial drilling program.
Western Mines delivers Mulga Tank exploration target
Western Mines Group (ASX:WMG) has delivered a JORC exploration target for the shallow nickel sulphide mineralisation at its Mulga Tank Project in Western Australia.?
The $12.83 million market capitalisation company says the exploration target sits at 350,000 to 2.2 million tonnes grading at 0.24% to 0.35% nickel and 120 to 150 parts per million cobalt with a sulphur:nickel ratio of 1:1 to 1:3.?
The target, which has been generated from modelling of all the company’s drilling results to date by independent consultants ERM Australia Consultants (formerly CSA Global), represents a potentially ‘globally significant, large-scale’, open-pitable nickel sulphide deposit.???
Barton Gold (ASX:BGD) MD Alexander Scanlon shares exciting news from the 1.38 million ounce Tunkillia Gold Project, where high-grade assays point to further near-term growth at Area 51.
With a JORC-compliant exploration target for its flagship project in WA now defined, Western Mines Group (ASX:WMG) MD Caedmon Marriott explains what this means for the project and what the company has lined up for the near future.