Albion Resources (ASX:ALB) is planning to kick off a follow-up program on recently defined lithium anomalies at the Rothsay South prospect, part of the Mongers Lake Project in Western Australia.  Results from a maiden soil sampling program conducted at the project revealed two large, coherent lithium-in-soil anomalies over at least 2km of strike.  Albion says the lithium-in-soil values are high, with the anomalies defined by more than 100 parts per million (ppm) lithium oxide. However, the company noted that the core of the anomalies are more than 200ppm lithium oxide.  The LCT ..read more

Summit Minerals (ASX:SUM) has struck a binding deal to acquire a portfolio of niobium, rare earth elements (REE) and lithium projects in Brazil, which has the world’s largest reserves of niobium.  Originally focused on Canada, Summit is now adding the Juazeirinho niobium-REE, Equador niobium-REE, Aratapira REE, Santa Sousa REE, T1/T2 REE and Hercules North and South lithium projects in Brazil’s mineral-rich Minas Gerais and Paraiba regions to its stable. Brazil accounts for around 98% of global niobium reserves.  Managing Director Gower He believes the company’s expansion into Brazi ..read more

Cygnus Metals (ASX:CY5) has identified multiple walk-up exploration targets ahead of prospecting work set to begin at the Auclair Lithium Project in the James Bay region, Canada.  The $21.28 million market capitalisation company says extensive new targets are surrounding a recently announced intersection of 43.7m @ 1.15% lithium oxide at the Pegasus discovery within Auclair.  Recent targeting work has also focused on the high priority fractionation trend, which includes three known spodumene pegmatite occurrences — Auriga, Lyra, and Pegasus.  Prospecting is expected to begin to ..read more

As part of its takeover tilt of Carawine Resources (ASX:CWX), private company QGold has advised shareholders of the takeover target they have until 28 April 2024 to submit any and all objection forms.  On 21 March 2024, Carawine, which has a $24.79 million market capitalisation, received notice its major shareholder had begun the process to compulsorily acquire all the remaining shares in the company.  Shareholders in Carawine are being offered $0.11 for their respective shares.  However, an independent expert’s report provided by BDO Corporate Finance (WA) concludes that the f ..read more

Red Mountain Mining (ASX:RMX) has picked up two niobium exploration licences within Quebec’s Grenville Province, Canada.  Red Mountain’s new wholly owned projects, referred to as the Pacho and Quasi projects, hold potential carbonatite targets within a district that hosts a niobium mine and an undeveloped niobium deposit. The company’s two niobium deposits are the Saint Honore Carbonatite (also known as the Niobec Mine), which has an N43-101 measured and indicated resources of 640 million tonnes with a grade of 0.41% Nb2O5. It also includes the Crevier Carbonatite deposit, which contains ..read more

A large vanadium deposit, plus several other strategic metals complete with a 30-year mine life. Viking Mines (ASX:VKA) Canegrass Project is shaping up to be an important polymetallic ore body. The results of the pit optimisation study (POS) have proven extremely successful, outlining multiple open scenarios for each of the three deposits that make up the Canegrass Project. Plus the resource now includes copper, titanium, iron ore, nickel and cobalt. Viking Mines’ MD and CEO, Julian Woodcock, commenting on the March results of the POS says:: “The results of the POS have exceeded my expectatio ..read more

With approvals in hand, Locksley Resources (ASX:LKY) is getting ready to follow up rock chip samples grading up to 12.1% total rare earth oxides (TREO) at the El Campo prospect in Southern California, US.  The approved drill program will include five holes for 775m and will follow up on the rock chip sampling that pinpointed an 800m long prospective zone, as well as testing vertical continuity and width of the mineralised feature. Managing Director Steve Woodham says a field team and  drill rig will be mobilising to site as soon as possible.  At the North Block prospect, furthe ..read more

Black Canyon (ASX:BCA) is hoping to deliver a manganese concentration Scoping Study by the end of Q2 2024 amid a plethora of activities surrounding the development of a high purity manganese sulphate monohydrate (HPMSM) product.     In its quarterly report released today (23 April 2024), Black Canyon says the Scoping Study will examine a number of options, including single or multi-pit openings, a central processing plant, production rates, and transport solutions.  Speaking to Mining.com.au, Executive Director Brendan Cummins explains the updated Scoping Study is bas ..read more

Australian Gold and Copper (ASX:AGC) has begun an immediate follow-up drilling program at the Achilles drill target, as part of its South Cobar Project in New South Wales, after drilling delivered a top high-grade hit of 735 grams per tonne (g/t) silver.  Australian Gold and Copper, which has a $16.66 million market capitalisation, was on the hunt for gold, silver and base metals in the Cobar Basin when drilling uncovered shallow high-grade mineralisation extending for about 250m of strike.  Results from Achilles, returned from 10 holes totaling 1,596m, demonstrate peak grades up to ..read more

Australian Mines (ASX:AUZ) has begun phase three exploration at the Jequie Rare Earth Elements (REE) and Niobium Project in Bahia State, Brazil.  CEO Andrew Nesbitt says the company is following a disciplined and systematic approach to identifying priority targets, which it says will inform a maiden drilling program.   Australian Mines, which has a $15.38 million market capitalisation, says the exploration work will involve detailed geological mapping, rock chip sampling, stream sediment sampling, and grid soil sampling.  Previous work completed at the project resulted in ..read more