Competent person

EQS-News: EcoGraf Limited: 127% Increase in the Epanko Mineral Resource

Retrieved on: 
onsdag, mars 13, 2024

The Mineral Resource shows a significant increase in tonnes for the Inferred, Indicated and Measured categories of the block model, compared to the previously reported Mineral Resource in 2023.

Key Points: 
  • The Mineral Resource shows a significant increase in tonnes for the Inferred, Indicated and Measured categories of the block model, compared to the previously reported Mineral Resource in 2023.
  • The increase in the Measured volumes result from infill drilling of gaps within the Indicated Resource of the Western Zone.
  • The Mineral Resource infill drilling targeted the Inferred northern and southern parts of the Epanko Western Zone, with a combination of RC and DD drilling.
  • Figure 4 shows a long section through the Epanko West deposit, showing the updated Mineral Resource classification categories applied to the block model.

Successful Exploration at Perseus's Ivorian Gold Mines

Retrieved on: 
onsdag, februari 21, 2024

Perth, Western Australia/February 22, 2024/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on ongoing exploration activities conducted at and around its two operating gold mines in Côte d’Ivoire.

Key Points: 
  • Perth, Western Australia/February 22, 2024/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on ongoing exploration activities conducted at and around its two operating gold mines in Côte d’Ivoire.
  • At the Sissingué Gold Mine and Fimbiasso Satellite Pits, ongoing exploration continues to identify extensions to existing mineral deposits and other prospects that have significant potential to extend the life of the Sissingué operation.
  • The program is ongoing with assays to date including:
    YRC2367D: 18m @ 2.57 g/t gold from 109m, including 2m @ 9.54 g/t gold from 124m
    YRC2379D: 4.95m @ 6.17 g/t gold from 111.8m, and 12m @ 1.08 g/t gold from 119m, and 18.2m @ 3.32 g/t gold from 134m
    YRC2380D: 12m @ 1.98 g/t gold from 159m, and 29m @ 2.47 g/t gold from 174m
    YRC2382D: 4m @ 753.46 g/t gold from 130m including 1m @ 3,008.89 g/t gold from 133m, and 15m @ 1.28 g/t gold from 137m
    YAOURÉ - ZAIN 1 – The program is ongoing and is designed to assess near-surface mineralisation identified during the CMA underground north extension drilling.
  • To deliver this outcome, Perseus has been funding active exploration programs at all three of its operating sites including the Yaouré and Sissingué gold mines in Côte d’Ivoire and the Edikan gold mine in Ghana.

American Rare Earths Resource Estimate Increased by 64%

Retrieved on: 
onsdag, februari 7, 2024

DENVER, Feb. 07, 2024 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (ARR or the (Company) is pleased to announce the completion of the detailed “Technical Report of Exploration and Updated Resource Estimates of the Halleck Creek Rare Earths Project” compiled by ARR, which includes updated Resource estimates under the 2012 JORC code. Results of the Sept/Oct 2023 exploration program and additional surface sampling and geological mapping at Halleck Creek provided data to increase in-situ resource estimates to 2.34 billion tonnes at a grade of 3,196 ppm TREO. This is an increase of 64% in in-situ tonnes compared to the Sept/Oct 2023 maiden resource estimate for Halleck Creek. The full technical report is available on the Halleck Creek tab on our website or upon request.

Key Points: 
  • DENVER, Feb. 07, 2024 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (ARR or the (Company) is pleased to announce the completion of the detailed “Technical Report of Exploration and Updated Resource Estimates of the Halleck Creek Rare Earths Project” compiled by ARR, which includes updated Resource estimates under the 2012 JORC code.
  • This is an increase of 64% in in-situ tonnes compared to the Sept/Oct 2023 maiden resource estimate for Halleck Creek.
  • Measured and Indicated resource estimates increased by 795 million tonnes (128%), inferred resource estimates increased by 117 million tonnes (15%).
  • Wyoming Rare (USA) Inc. a wholly owned subsidiary of American Rare Earths, Inc. controls 367 unpatented lode mining claims totalling 6,320 acres (2,558 ha) across the Halleck Creek Project area.

American Rare Earths Announces Breakthrough Metallurgical Results  

Retrieved on: 
måndag, januari 22, 2024

DENVER, Jan. 22, 2024 (GLOBE NEWSWIRE) --  American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce breakthrough metallurgical results as part of the SynBREE project, a consortium led by Lawrence Livermore National Laboratory (LLNL) as part of a program funded by the Environmental Microbes as a BioEngineering Resource (EMBER) program within Defense Advanced Research Projects Agency (“DARPA”), a U.S. Department of Defense (DoD) agency.

Key Points: 
  • Preconcentrating reduces Wet High Intensity Magnetic Separator (“WHIMS”) needs by 70% from existing design, significantly reducing capital and operating expenditures.
  • The project has been selected to advance to the next phase of study and the company is engaged in discussions around funding and next steps.
  • DENVER, Jan. 22, 2024 (GLOBE NEWSWIRE) -- American Rare Earths (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce breakthrough metallurgical results as part of the SynBREE project, a consortium led by Lawrence Livermore National Laboratory (LLNL) as part of a program funded by the Environmental Microbes as a BioEngineering Resource (EMBER) program within Defense Advanced Research Projects Agency (“DARPA”), a U.S. Department of Defense (DoD) agency .
  • Removal of the gangue materials at the solid state enhances the concentration of the rare earth elements, creating an optimal solution feed for downstream bio-separation.

Patriot Battery Metals Commences Quebec's Largest Lithium Drill Campaign at the Corvette Property

Retrieved on: 
tisdag, januari 16, 2024

The 2024 drill campaign at the Corvette Property has commenced, targeting a minimum of 45,000 m over the January to April period (the 'winter program').

Key Points: 
  • The 2024 drill campaign at the Corvette Property has commenced, targeting a minimum of 45,000 m over the January to April period (the 'winter program').
  • At least ten (10) drill rigs are planned to be utilized to complete the winter program – making it among the largest lithium drill programs currently in Quebec.
  • Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSXV: PMET) (ASX: PMT) (OTCQB: PMETF) (FSE: R9GA) is pleased to announce it has commenced the 2024 winter drill campaign at its wholly owned Corvette Property (the "Property" or "Project"), located in the James Bay Region of Quebec.
  • This is the most aggressive drill campaign undertaken to date by the Company at the Corvette Property.

Continued Exceptional Drilling Results at Halleck Creek

Retrieved on: 
torsdag, december 14, 2023

DENVER, Dec. 14, 2023 (GLOBE NEWSWIRE) -- American Rare Earths Limited (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce continued exceptional drilling results from its October-November 2023 drilling campaign1,2 at Overton Mountain, located within the broader Halleck Creek Rare Earths project area. See Figure 1. Of the fifteen-reverse circulation (RC) holes drilled, there was an average TREO value 24% higher than that of the Company’s previous JORC resource estimate3 (3,309 ppm TREO). Nine of the fifteen RC holes exhibit an average TREO value of greater than 4,000 ppm, utilizing a cutoff value of 1,500 ppm. The addition of the final RC assays will be a significant contribution to upgrading the Company’s current 1.43 billion tonne JORC resource. The fence diagrams presented herein illustrate the homogenous nature of the deposit which lends itself to low-cost, near-zero strip ratio mining operations. See Figure 2.

Key Points: 
  • DENVER, Dec. 14, 2023 (GLOBE NEWSWIRE) -- American Rare Earths Limited (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce continued exceptional drilling results from its October-November 2023 drilling campaign1,2 at Overton Mountain, located within the broader Halleck Creek Rare Earths project area.
  • Nine of the fifteen RC holes exhibit an average TREO value of greater than 4,000 ppm, utilizing a cutoff value of 1,500 ppm.
  • CEO Donald Swartz commented on the results:
    “Exceptional results from the recent resource upgrade drilling campaign at the Halleck Creek Resource Area have not only surpassed our expectations, but are expected to exceed our previous resource estimates.
  • HC23-OM044 is the most impressive RC hole, exhibiting the best intercept observed at the Halleck Creek to date.

Exceptional results from drilling program at Halleck Creek

Retrieved on: 
torsdag, december 7, 2023

DENVER, Dec. 07, 2023 (GLOBE NEWSWIRE) -- American Rare Earths Limited (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce the exceptional results from the recently completed diamond drilling program2 at Overton Mountain, located within the broader Halleck Creek Rare Earths Project, Wyoming. These results, with pending assays from RC holes, will provide key inputs to upgrading the current 1.43 billion tonne JORC Resource3, and furthermore confirms that the deposit remains open at depth to at least 302 m (990.81 ft). The assays received to date exhibit TREO averages 4,478 ppm, which is significantly higher than the 3,309 ppm TREO deposit average from the Company’s previous resource estimate.

Key Points: 
  • Interim 2023 resource drilling results from 8 diamond drill holes at Halleck Creek.
  • High value magnetic rare earths neodymium and praseodymium (“NdPr”) averaged 23% of TREO consistent with prior drilling.
  • DENVER, Dec. 07, 2023 (GLOBE NEWSWIRE) -- American Rare Earths Limited (ASX: ARR | ADRs - OTCQX: AMRRY | Common Shares - OTCQB: ARRNF) (“ARR” or the “Company”) is pleased to announce the exceptional results from the recently completed diamond drilling program2 at Overton Mountain, located within the broader Halleck Creek Rare Earths Project, Wyoming.
  • Being low in the penalty elements of Thorium and Uranium, places Halleck Creek in a unique position of having the best of both worlds (higher grade and easier processing).

Simandou iron ore project update

Retrieved on: 
tisdag, december 5, 2023

Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.

Key Points: 
  • Rio Tinto will provide an update today at its Investor Seminar on the world class Simandou iron ore project in Guinea, which is being progressed in partnership with CIOH, a Chinalco-led consortium, Winning Consortium Simandou1 (WCS), Baowu and the Republic of Guinea.
  • Simandou is the world’s largest untapped high-grade iron ore deposit.
  • 3 Refer to “Simandou Mineral Resources and Ore Reserves” section at page 4 below.
  • Based on Wood Mackenzie and CRU average pricing for iron ore (65% grade), with a premium applied for DR product.

Rio Tinto progresses Rhodes Ridge to next study phase

Retrieved on: 
måndag, december 4, 2023

Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development of the Rhodes Ridge project, one of the world’s best undeveloped iron ore deposits, in the East Pilbara in Western Australia.

Key Points: 
  • Rio Tinto has approved a $77 million (A$110 million) pre-feasibility study (PFS) to progress development of the Rhodes Ridge project, one of the world’s best undeveloped iron ore deposits, in the East Pilbara in Western Australia.
  • The PFS is expected to be completed by the end of 2025 and will be followed by a feasibility study.
  • Rio Tinto is planning to spend more than A$400 million on exploration over five years from 2024 to 2028 as part of the ongoing study phases.
  • Last year, Rio Tinto (50 per cent) and Wright Prospecting Pty Ltd (50 per cent) agreed to modernise the joint venture covering the Rhodes Ridge project, located 40 kilometres north-west of Newman.

Hot Chili Materially Improves Option Terms for Costa Fuego Coastal Copper Hub in Chile

Retrieved on: 
torsdag, december 7, 2023

Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.

Key Points: 
  • Disclosure regarding mine planning and infrastructure has been reviewed and approved by Mr Grant King, FAUSIMM, Hot Chili's Chief Operations Officer, and a qualified person within the meaning of NI 43-101.
  • Refer to ASX Announcement "Hot Chili Delivers Next Level of Growth" ("Resource Announcement") for JORC Code Table 1 information related to the Costa Fuego Resource Estimate (MRE) by Competent Person Elizabeth Haren, constituting the MREs of Cortadera, Productora and San Antonio (which combine to form Costa Fuego).
  • Hot Chili confirms it is not aware of any new information or data that materially affects the information included in the Resource Announcement and all material assumptions and technical parameters stated for the Mineral Resource Estimates in the Resource Announcement continue to apply and have not materially changed.
  • 10 Hot Chili Limited is not aware of political, environmental or other risks that could materially affect the potential development of the Mineral Resources.