SensOre

Drilling Identifies Igneous Complex With Alteration Styles Associated With Large Copper / Gold Systems

SensOre’s pre-drill interpretation was that it was a pipe-like, multiphase, altered intrusive with associated iron - rich magnetic alteration and metasomatism surrounding the central dense central body. Moonera’s geophysical signature shows characteristics of being one of a carbonatite, IOCG or porphyry type system which gives the target outsized potential if mineralised.


Highlights

  • A 733m core hole on the Moonera target in the Madura province of WA has encountered a fertile igneous complex from 458m depth
  • Intermediate and granitic style rocks show strong alteration over wide intervals with strong oxidation
  • Fertility indicators from whole rock geochemistry are indicative of an oxidised granite related mineral system with signatures commonly associated with Magmatic Hydrothermal IOCG’s (MH IOCG), alkaline Porphyry and Cu Au breccias.
  • SensOre believes this is a very significant result and heightens interest in this large target and the Madura province more generally

Moonera Overview

The Moonera prospect is a large, circular (7 x 5km) dense and magnetic body.

The Madura province, east of the Fraser Ranger province is a newly emerging frontier exploration region that from regional geophysics clearly has complex and interesting basement geology beneath extensive cover rocks. Location of the project and the drill hole in relation to the regional geophysics is presented on figure 1 overpage.

Moonera is the first of SensOre’s next generation base-metals targets resulting from an expanded application of DPT on its proprietary hyperdimensional data cube. SensOre’s technology has great potential to improve discovery rates for rare earth, battery and critical minerals. Moonera is a joint venture with private company Nullabor Resources Pty Ltd. SensOre through its 100% subsidiary SensOre Yilgarn Ventures Pty Ltd can earn up to an 80% interest in the prospect by expending $3 million within three years.

Figure 1 Tenements on regional geophysics (gravity bouguer residual 5km (colour) over magnetics TMIrtp (greyscale))

Drilling Results

The drilling cost was supported by a successful application of the Western Australia government EIS grant.

The hole was the first to successfully drill through the cover Madura limestone sequence and into the underlying older basement rocks. Basement was reached at 458m to a final depth of 733m. The drill hole was sighted following infill geophysics and subsequent 3D combined magnetics and gravity geophysical inversion. Location of the project is presented on figure 1.

The drill hole encountered a multiphase, strongly altered felsic intrusive rock sequence comprising monzodiorite, syenogranite, granite and granodiorite. Drilling intersected extensive alteration that is commonly associated with mineral systems which was verified by geochemistry and petrology.


Click here for the full ASX Release

This article includes content from SensOre, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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OpenText to Report Third Quarter Fiscal Year 2024 Financial Results on Thursday, May 2, 2024

Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), announced today that financial results for its third quarter fiscal year 2024 will be released on Thursday, May 2, 2024 at approximately 4:00 p.m. ET .

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OpenText to Host Conference Call Webcast
Mark J. Barrenechea , OpenText CEO & CTO and Madhu Ranganathan , OpenText President, CFO & Corporate Development will host a conference call webcast on May 2, 2024 , at 5:00 p.m. ET from its Investor Relations website.

Date:

Thursday, May 2, 2024

Time:

5:00 p.m. ET/2:00 p.m. PT

Length:

60 minutes

Webcast:

Access on OpenText IR website https://investors.opentext.com

For more information, please visit: https://investors.opentext.com

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud-Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit https://www.opentext.com

Copyright ©2024 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: https://www.opentext.com/who-we-are/copyright-information

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SOURCE Open Text Corporation

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OpenText Strengthens Leadership Team; Appoints Three Presidents, including Todd Cione as incoming President WW Sales

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OpenText logo (PRNewsfoto/Open Text Corporation)

Mr. Cione will lead a charter focused on spearheading the company's global go-to-market strategy and revenue growth, with OpenText's global sales and sales operations functions reporting directly to him. Mr. Duggan will lead a charter focused on customer success and customer transformations including support, recurring revenues, and professional services.  Ms. Ranganathan will lead a charter focused on finance, corporate operations, and corporate development.  Each of Mr. Cione, Mr. Duggan and Ms. Ranganathan will directly report to OpenText CEO & CTO Mark J. Barrenechea .

Cione is an experienced global sales leader with a proven record of customer engagement, revenue growth and executing cloud transformations.  He brings to OpenText more than 30 years of experience in global sales at large multi-national technology organizations, including Teradata, Apple, Microsoft, and Oracle.

"I am delighted to have Todd join the OpenText executive leadership team and to announce the expanded responsibilities for Paul and Madhu. Todd is a results-oriented leader with a proven track record of delivering predictable and profitable growth," said Mark J. Barrenechea , CEO & CTO, OpenText. "As we continue to grow as a global leader in Information Management, our leadership team is elevated with those who are experienced with operating multi-billion-dollar businesses. Todd, Paul, and Madhu are outstanding executives, and I look forward to working with them in the years to come."

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"OpenText serves many global organizations, and core to OpenText customer success is value, trust and innovation," said Paul Duggan , President and Chief Customer Officer.  "As our customers undergo the next wave of business transformations to the cloud and AI, our global and experienced Customer Success organization is ready to help."

"OpenText's operational excellence remains central to supporting our growth and scale," said Madhu Ranganathan , President, CFO & Corporate Development.  "Our expanded organization is focused on creating a frictionless business for our employees and customers, and to support the long-term value creation for all our stakeholders."

OpenText further announced that Ted Harrison , EVP, Enterprise Sales, has decided to retire from OpenText effective September 15 , 2024.  Until such time, effective immediately, Mr. Harrison will act as Strategic Advisor to the President, Worldwide Sales.

"I would like to sincerely thank Ted for his many years of leadership, contributions and accomplishments at OpenText and we wish him the very best in his next chapter," added Mr. Barrenechea.

For full biographical information on Todd Cione , Paul Duggan , and Madhu Ranganathan , as well as the entire OpenText Executive Leadership Team, please visit here .

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:

OpenText CEO Mark Barrenechea's blog

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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website ( https://investors.opentext.com ). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

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