Comet Resources Limited is pleased to announce that the drilling permit for the Santa Teresa Gold Project has now been received from the Environmental Impact and Risk department of the Baja California Sub-Delegation for Environmental Protection and Natural Resources.

Highlights:

  • Drilling permit for Santa Teresa Gold Project has now been issued
  • Details of initial drill program being finalised by in country team and consultant geologists
  • Drilling expected to commence in late Q2

Comet Resources Limited (Comet or the Company) (ASX:CRL) is pleased to announce that the drilling permit for the Santa Teresa Gold Project (the “Project”) has now been received from the Environmental Impact and Risk department of the Baja California Sub-Delegation for Environmental Protection and Natural Resources. This significant milestone for the Company paves the way for the commencement of diamond drilling at the Project. Comet is now finalising the details of its proposed Santa Teresa drilling program and engaging a drilling contractor to perform the works, with the aim that the program commences as soon as possible.

Comet Managing Director, Matthew O’Kane, commented, “We are very pleased to have received the permit to allow the commencement of drilling at the Santa Teresa Gold Project in Baja California, Mexico. We have been preparing for the receipt of this permit, having plans for the drill program near ready, and also having conducted the process of selecting the drilling contractor. This should allow us to move ahead quickly now to engage the contractors and commence the drilling program. We look forward to providing periodic updates from the commencement of the program to the results once they become available.”

For the full press release, click here.

Drilling Commences at Santa Teresa Gold Project

Highlights:

  • 2,000m diamond drilling program has now commenced at the Santa Teresa Gold Project
  • Drilling aims to:
    • Follow on prior drilling in key areas where high grade intersections such as ST-005 with 1 m at 958.4 g/t were encountered (see Comet Asx announcement of 9 June 2020) Test extensions of known gold mineralisation along strike and down dip
    • Expand knowledge of the structure of the veins and controlling features of the mineralisation
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Completion of Acquisition of Highly Prospective Copper Projects in Northern Territory

Highlights:

  • Agreement to acquire a portfolio of copper-gold and base metals assets in Australia’s Northern Territory now completed
  • Assets include: Oonagalabi Copper-Zinc Project, Paradise Well Copper-Gold Prospect and the Silver Valley Copper-Gold-Silver-Lead Prospect, which combined cover approximately 840 km1
  • Oonagalabi best intersections from historical drilling include 36.6m at 1.0% copper and 1.7% zinc from 1.5m, 5m @ 1.26% copper and 1.22% zinc from 70m, 6m at 0.9% copper from 102m and 14m at 0.7% copper from 148m1
  • Paradise Well rock chip samples returned up to 8.9% copper and 2.2g/t gold, Silver Valley rock chip samples returned 554 g/t silver, 20% lead, 9% copper and 2 g/t gold, providing exciting earlier stage exploration potential1

Comet Resources Ltd (“Comet” or “the Company”) (ASX: CRL) is pleased to advise that it has now finalised its due diligence and has completed the acquisition of a portfolio of highly prospective copper-gold-zinc-silver-lead assets in the Northern Territory of Australia (“Portfolio”) from Bath Resources Pty Ltd (“Vendor” or “Bath”).

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Comet Resources: Placement Successfully Completed and Initiation of SPP

Comet Resources Ltd (Comet or the Company) (ASX:CRL) is pleased to announce it has received commitments for a placement of 100,000,000 new fully paid ordinary shares in Comet (Placement Shares) to eligible sophisticated and institutional investors at $0.02 per New Share (the Placement). The Placement will raise $2 million (before costs) and is priced at a 9.52% discount to the last closing price of Comet shares on 2 September 2020.

The Placement was well supported by new and existing sophisticated investors and the Company is pleased to welcome strategic investors on to the register. Proceeds raised will be used to fund activities at the Company’s Santa Teresa Gold Project and also the Barraba Copper Project, as well as for working capital purposes.

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Rio Tinto and WA Government’s Pilbara vaccination blitz commences

Rio Tinto Iron Ore chief executive Simon Trott joined WA Health Minister Roger Cook today to open the Tom Price COVID-19 vaccination clinic aimed at boosting vaccination rates in the Pilbara, Western Australia.

The clinic, set up in partnership with Rio Tinto, WA’s Department of Health, WA Country Health Service and the Shire of Ashburton, will operate from 9am to 6pm at the Tom Price Community Centre from today through to 21 September. It will return in the coming weeks to enable the community to receive their second dose of the vaccine.

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Rio Tinto statement on penalty assessment

On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018.

The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m (US$257.9m) and reducing the original interest assessment from A$47m to A$27m (US$19.8m).

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Sibanye-Stillwater To Invest US$490 Million To Advance ioneer’s Rhyolite Ridge To Production

Ioneer Ltd (“ioneer" or the “Company") (ASX: INR) is pleased to announce that the Company has reached an agreement to establish a joint venture (the " Joint Venture “) with Sibanye Stillwater Limited ( “Sibanye-Stillwater" ) to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the “Project" ). Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin 1 upon the election of Sibanye-Stillwater to contribute up to an additional US$50 million subject to certain terms and conditions.

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Hastings Technology Metals Ltd State Government Commendation for Yangibana RE Project

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has received the commendation of Premier Mark McGowan and the Western Australian Government for the Company’s development of the Yangibana Rare Earths Project (Yangibana), in the State’s Gascoyne region.

Premier McGowan said Hastings’ development of Yangibana was expressly aligned with the State’s Future Battery Industry Strategy, which aims to expand the range of future battery minerals that are extracted and processed in Western Australia. Appendix 1 provides a copy of the public commendation that Hastings has received.

The Premier’s commendation follows the West Australian Department of Jobs, Tourism, Science and Innovation (JTSI) acknowledging that the Yangibana Project represents a strategic opportunity for investment and growth to position the State as a reliable supplier of speciality rare earth minerals.

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Rio Tinto Teams Up with Caterpillar for Zero-Emissions Autonomous Trucks

Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar's development of zero-emissions autonomous haul trucks for use at one of Rio Tinto's Western Australian mining operations.

The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer's future 220-tonne 793 zero-emissions autonomous haul truck including the validation of Caterpillar's emerging zero-emissions technology.

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Rio Tinto statement on penalty assessment

On 2 March 2021 the Australian Taxation Office (ATO) issued Rio Tinto Limited with amended assessments related to the denial of interest deductions on an isolated borrowing used to pay an intragroup dividend in 2015. The borrowing was repaid in 2018.

The ATO has today issued further assessments in relation to the same transaction levying penalties of A$352m (US$257.9m) and reducing the original interest assessment from A$47m to A$27m (US$19.8m).

Keep reading... Show less

Sibanye-Stillwater To Invest US$490 Million To Advance ioneer’s Rhyolite Ridge To Production

Ioneer Ltd (“ioneer" or the “Company") (ASX: INR) is pleased to announce that the Company has reached an agreement to establish a joint venture (the " Joint Venture “) with Sibanye Stillwater Limited ( “Sibanye-Stillwater" ) to develop the flagship Rhyolite Ridge Lithium-Boron Project located in Nevada, USA (the “Project" ). Under the terms of the agreement, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer to maintain a 50% interest and retain operatorship. ioneer has also agreed to provide Sibanye-Stillwater with an option to participate in 50% of the North Basin 1 upon the election of Sibanye-Stillwater to contribute up to an additional US$50 million subject to certain terms and conditions.

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Hastings Technology Metals Ltd State Government Commendation for Yangibana RE Project

Perth, Australia (ABN Newswire) – Australia’s next rare earths producer Hastings Technology Metals Ltd (ASX:HAS) (FRA:5AM) is pleased to announce that it has received the commendation of Premier Mark McGowan and the Western Australian Government for the Company’s development of the Yangibana Rare Earths Project (Yangibana), in the State’s Gascoyne region.

Premier McGowan said Hastings’ development of Yangibana was expressly aligned with the State’s Future Battery Industry Strategy, which aims to expand the range of future battery minerals that are extracted and processed in Western Australia. Appendix 1 provides a copy of the public commendation that Hastings has received.

The Premier’s commendation follows the West Australian Department of Jobs, Tourism, Science and Innovation (JTSI) acknowledging that the Yangibana Project represents a strategic opportunity for investment and growth to position the State as a reliable supplier of speciality rare earth minerals.

Keep reading... Show less

Rio Tinto Teams Up with Caterpillar for Zero-Emissions Autonomous Trucks

Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar's development of zero-emissions autonomous haul trucks for use at one of Rio Tinto's Western Australian mining operations.

The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer's future 220-tonne 793 zero-emissions autonomous haul truck including the validation of Caterpillar's emerging zero-emissions technology.

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CORVUS GOLD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Corvus Gold Inc. – KOR

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF") are investigating the proposed sale of Corvus Gold Inc. (NasdaqCM: KOR) to AngloGold Ashanti Limited (NYSE: AU). Under the terms of the proposed transaction, shareholders of Corvus will receive only C$4.10 in cash for each share of Corvus that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( lewis.kahn@ksfcounsel.com ) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-kor/ to learn more.

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Toronto Stock Exchange Announces the 2021 TSX30, Showcasing the Exchange’s Top-Performing Companies

Canada's premier equities market to celebrate TSX30 companies today in a
virtual market open ceremony

Toronto Stock Exchange (TSX) today announced the 2021 TSX30™, the Exchange's flagship program showcasing the 30 top-performing stocks over a three-year period, based on dividend-adjusted share price performance. The annual ranking serves to spotlight the achievements and sustained success of TSX's leading listed companies while also highlighting the depth and diversity of Canada's powerful capital markets ecosystem.

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