eMetals Posts Quarterly Activities Report

eMetals Posts Quarterly Activities Report

eMetals Limited (ASX:EMT)(eMetals)(Company), are pleased submit the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2020.

The Directors of eMetals Limited (ASX:EMT)(eMetals)(Company), are pleased submit the Quarterly Activities Report and Appendix 5B for the quarter ending 31 March 2020.

HIGHLIGHTS

  • Completion of RWG Minerals Pty Ltd (RWG) acquisition
  • Progress development of commercial relationships to identify and evaluate mineral interests (Prospects) in the Areas of Mutual Interest
  • Ongoing project review and strategic acquisitions
  • Review of Nardoo Well Project historical exploration identifies Rare Earth Element, niobium and tantalum prospectivity
  • Stream sediment sampling defined new tungsten, niobium, tin and tantalum anomalies at the Nardoo East and Beryl Well Prospects and validates exploration model
  • Acquisition of 100% of E09/2156 from Venus Metals Corporation (VMC) materially strengthens tenure position of the Nardoo Well Project
  • Permitting and Program of Works submitted for all projects to advance toward drilling

CORPORATE

  • Public offer (Offer) successfully closed, raising $4,354,000 (before costs), strengthens balance sheet and provides capital to be deployed across the Projects
  • Completion of E09/2156 Acquisition welcomes Venus Metals Corporation (VMC) as a substantial shareholder

MARCH QUARTER ACTIVITIES
The Company is pleased to advise that it had recommenced trading on 24 January 2020, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. EMT acquired RWG Pty Ltd pursuant to the quotation of its securities on the ASX effective 24 January 2020.

Activities during the quarter comprised initial reviews and data compilation on the Company’s projects, and receipt of assays from work undertaken during 2019 as required under statutory tenement conditions, with samples submitted in February 2020.

Reviews of historical WAMEX data were interpreted to show elevated rare earth element (REE), niobium-tantalum and lithium prospectivity on the Nardoo Well tungsten project. eMetals announced the results of stream sediment reconnaissance sampling on the Nardoo Well tenement (see ASX announcement 27th April 2020) which were received late in the quarter.

This work has defined a new niobium- tantalum-tungsten anomaly at Nardoo East, which requires follow up exploration. Work on the Cookes Creek and Twin Hills projects has involved planning for initial drill programs, heritage clearance surveys and landholder access negotiations. Program of Works (POW) were submitted on all projects and have been received, with heritage surveys required prior to drilling.

Click here for the full announcement

Tempus Closes A $1.9 Million Private Placement

Tempus Resources Ltd (“Tempus” or the “Company”) (ASX:TMR)(TSX.V:TMRR) is pleased to announce that it has closed the non-brokered private placement announced on 23 April 2021 (the “Placement

The Placement has been completed utilising the Company’s available capacity under ASX Listing Rules 7.1 and 7.1A. It includes two tranches: Tranche 1, which consists of 6,037,736 ordinary shares issued on 12 May, 2021, as “Canadian flow-through shares” at a price of C$0.155 (approximately A$0.163) per share for proceeds of approximately C$935,849; and Tranche 2, which consists of 6,065,425 ordinary shares issued on 30 April 2021 at a price of A$0.145 (approximately C$0.138) per share for proceeds of approximately A$879,487. The total proceeds from both Tranche 1 and Tranche 2 of the Placement are approximately A$1,866,149 (C$1,770,042). Following the completion of the Placement, the Company has 98,744,613 shares on issue.

Keep reading... Show less

Galaxy Resources Limited Announcement

Galaxy Resources Limited (ASX: GXY) ( Company ) advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company’s platform (ASX):

  • Appendix 2A

The announcement can be viewed at:

Keep reading... Show less

Massive Sulfide Nickel Drilling Update

Blackstone Minerals Limited (“Blackstone" or the “Company") is pleased provide an exploration update on its flagship Ta Khoa Nickel-Cu-PGE project, for which assay results have been received from drilling at its Massive Sulfide Vein (MSV) prospects (refer Table 3, Table 4 & Appendix 1).

Keep reading... Show less

Novo Completes Malmsbury Option Exercise with GBM Resources Limited

Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project (the “ Malmsbury Project ”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“ GBM ”) following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval (refer to the Company’s news releases dated March 30, 2020 September 24, 2020 and January 15, 2021 for further details).

“We are thrilled to complete our option exercise at Malmsbury,” commented Dr. Quinton Hennigh, Chairman and President of Novo. “We see Malmsbury as a Fosterville analogue given its similar position along the eastern margin of the prolific Bendigo Zone, epizonal orogenic setting and historic high-grade gold production. Our geologic team will pursue aggressive field work over the next few months with the goal of developing drill targets for testing later this year.”

Keep reading... Show less

Rare Earth Elements Demand is Still Growing

Rare Earth Elements are 17 silvery-white heavy metals with special magnetic capabilities. REEs have diverse applications and are commonly used in lasers, glass, superconductors, hard drives, wind turbine generators, and magnetic materials. Despite the name, REEs are abundant in the world, often found underground alongside uranium in sand structures called monazite. REEs concentrate must first be separated from the sand. Neodymium and praseodymium (NdPr) represent about 80% of the value of REE concentrate. Demand for these elements is growing because of their use in electric vehicles, wind turbines, and appliances. Adams Intelligence expects the demand for NdPr to double in the next five years. Removing REEs from monazite and then separating REEs into individual components is a complicated process. Read More >>

News Provided by Channelchek via QuoteMedia

Keep reading... Show less

Top News

Related News