Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or the "Company") announces it has commenced mobilization of its camp, fuel, equipment and second drill to its camp location on the Aberdeen Uranium Project, located adjacent to Orano's 133 million pound Kiggavik uranium deposit in the Thelon Basin, Nunavut. Forum plans a 10,000 metre drill program just two months away in June to follow-up on its successful drill program in 2023. Four drill holes into the Tatiggaq deposit intersected up to 2.25% U3O8 over 11.1 metres over a 200-metre strike length. The structure hosting uranium mineralization extends for 1.5 kilometres within a highly altered uranium mineralized system.
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Graphite Metallurgical Test Work Update
Highlights:
- Bulk sample of Springdale graphite concentrate estimated to be completed in Q2 2021.
- Concentrate material will then be sent to Germany to test its amenability for the production of battery anode material suitable for use in EVs.
- Final test results expected in Q3 2021.
Comet Resources Ltd (ASX:CRL) is pleased provide an update on ongoing test work on natural flake graphite from its Springdale Graphite Project (Springdale) located in Western Australia. Both excellent grade and recoveries were achieved on initial tests, leading to commencement of work to produce a bulk sample for further testing. Importantly, the graphite concentrates previously produced demonstrated a unique and potentially very valuable characteristic in its small size distribution, with two-thirds of the product passing the 38 µm size fraction screen. Generally, this small size fraction of graphite is a by-product of processing of larger flake fractions, which produces smaller size graphite, but in doing so also damages the smaller flake material in the process, reducing their performance and value. Deposits that contain high quality ultra-fine graphite are uncommon and are potentially suitable for supplying the expanding battery anode market, which continues to grow as the sales of electric vehicles (EVs) increase. Graphite suitable for battery anode production also achieves premium pricing in graphite markets, making it a highly sought-after product.
Once the bulk sample of Springdale graphite concentrate is produced it will be forwarded to a specialist lab in Germany where they will assess, among other properties, the performance of the graphite during purification, micronisation and spheronisation. These are the key steps for the processing of natural graphite products for EV battery anode specification markets. Comet’s German lab partners will simulate these to test Springdale’s product suitability to meet industry standards in all of these areas.
Comet Managing Director, Matthew O’Kane, commented, “The results of this ongoing test work will determine the suitability of the natural flake graphite from Springdale for use in the manufacture of battery anodes for electric vehicles. Earlier tests have demonstrated the graphite from Springdale is quite a rare product due to its very small flake size, which could make it ideally suited for anode production. This next stage of specialised testing will hopefully confirm this.”
Further test work on the bulk sample of float concentrate in Germany is designed to assess the ability of the concentrate obtained by flotation to be converted into highly valuable, readily saleable products.
Three different processes are to be tested:
- Purification to carbon content above 99.9%, as these carbon levels pave the way for high tech applications like usage in batteries;
- Micronizing for products which require well defined small flake graphite particles for their end uses; and
- Spheronisation for usage in lithium-ion-battery anodes for the rapidly expanding market for EVs due to the global drive to de-carbonise the transport network.
These test work streams are designed to confirm the suitability of Springdale graphite as a precursor material for these high value-added products. We look forward to receiving the results from these work streams and will provide updates as soon as the information is available.
This announcement has been authorised by the Board of Comet Resources Limited
For further information please contact:
MATTHEW O’KANE
Managing Director
(08) 6489 1600
comet@cometres.com.au
cometres.com.au
Suite 9, 330 Churchill Avenue Subiaco WA 6008
PO Box 866 Subiaco WA 6904
About Comet Resources
Santa Teresa Gold Project (Mexico)
The Santa Teresa Gold Project is comprised of two mineral claims totalling 202 hectares located in the gold rich El Alamo district, approximately 100 km southeast of Ensenada, Baja California, Mexico; and 250 km southeast of San Diego, California, USA. The Project is prospective for high grade gold. In addition to the two claims of the Project, two additional claims totalling a further 378 hectares in the surrounding El Alamo district are being acquired from EARL.
Barraba Copper Project (NSW)
The 2,375ha exploration license that covers the project area, EL8492, is located near the town of Barraba, approximately 550km north of Sydney. It sits along the Peel Fault line and encompasses the historic Gulf Creek and Murchison copper mines. The region is known to host volcanogenic massive sulphide (VMS) style mineralisation containing copper, zinc, lead and precious metals. Historical workings at Gulf Creek produced high-grade copper and zinc for a short period around the turn of the 19th century, and this area will form a key part of the initial exploration focus.
Springdale Graphite Project (WA)
The 100% owned Springdale graphite project is located approximately 30 kilometres east of Hopetoun in south Western Australia. The project is situated on free hold land with good access to infrastructure, being within 150 kilometres of the port at Esperance via sealed roads. The tenements lie within the deformed southern margin of the Yilgarn Craton and constitute part of the Albany-Fraser Orogen. Comet owns 100% of the three tenement’s (E74/562 and E74/612) that make up the Springdale project, with a total land holding of approximately 198 square kilometres.
Forward-Looking Statement
This announcement includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Comet Resources Limited’s planned exploration programs, corporate activities and any, and all, statements that are not historical facts. When used in this document, words such as “could,” “plan,” “estimate,” “expect,” “intend,” “may”, “potential,” “should” and similar expressions are forward-looking statements. Comet Resources Limited believes that its forward-looking statements are reasonable; however, forward looking statements involve risks and uncertainties and no assurance can be given that actual future results will be consistent with these forward-looking statements. All figures presented in this document are unaudited and this document does not contain any forecasts of profitability or loss.
No New Information
To the extent that this announcement contains references to prior exploration results and Mineral Resource estimates, which have been cross referenced to previous market announcements made by the Company, unless explicitly stated, no new information is contained. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
Forum Commences Mobilization for 10,000 Metre Drill Program at the Aberdeen Uranium Project, Thelon Basin, Nunavut
Figure 1 Inuit-owned Peter's Expediting Ltd. has commenced Forum's overland haul of fuel tanks and supplies across the Arctic tundra from Baker Lake to its camp location, 120 km to the west.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4908/203018_c444c116341909cd_003full.jpg
Dr. Rebecca Hunter, Vice President, Exploration commented, "We are excited to commence our 2024 exploration program in Nunavut starting with the large task of moving our drill camp, second drill and consumables overland from Baker Lake to our new Aberdeen Camp."
Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) is focused on the discovery of high-grade unconformity-related uranium deposits in the Athabasca Basin, Saskatchewan and the Thelon Basin, Nunavut. In addition, Forum holds a diversified energy metal portfolio of copper, nickel, and cobalt projects in Saskatchewan and Idaho. For further information: https://www.forumenergymetals.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard J. Mazur, P.Geo.
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Rick Mazur, P.Geo.
President & CEO
mazur@forumenergymetals.com
Tel: 604-630-1585
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203018
News Provided by Newsfile via QuoteMedia
Copper Crunch Coming as Demand Rises and Mine Supply Falls Short
Since the advent of electricity, copper has played an essential role in energy generation and transmission. It will be similarly unreplaceable as the world moves away from fossil fuels to more sustainable sources of energy.
Pierre Lassonde, founder and chair emeritus of Franco-Nevada (TSX:FNV,NYSE:FNV), emphasized this during the "Where Will the Money Come From?" panel at the Prospectors & Developers Association of Canada (PDAC) convention.
“Copper is required for everything, and today 80 percent of terminal energy is carbon based and only 20 percent is electricity," he said. "If we want a green world, that has to be flipped around, where 80 percent of terminal energy has to be electricity. And the metal that carries electricity is copper in every which way. That is the key metal."
Energy transition fueling copper demand
The global population has become increasingly urbanized since the start of the Industrial Revolution. This shift from rural life accelerated through the 20th century, and urban populations officially overtook rural populations in 2007.
This is a trend that is set to continue — the United Nations projects that by 2050, 68 percent of the world's population of about 9.8 billion will live in cities. But with many cities lacking the infrastructure to support current populations, let alone growth, there will be even more demand for housing and basic infrastructure projects.
This shift toward urban centers is also happening at a time when the world is rapidly moving away from fossil fuels toward the clean promise of renewables. John MacKenzie, CEO of Capstone Copper (TSX:CS,OTC Pink:CSCCF) acknowledged this idea during PDAC's “Where Will the Money Come From?” discussion.
“The world is in a sort of transition at the moment because of decarbonization,” he told the audience at the convention. “It is an absolute must if we’re going to reduce the damage to the planet, and that’s going to require enormous amounts of critical metals, including copper, over the next 20, 30, 40 years.”
Dr. Michael Stanley, mining lead for the World Bank, went into greater detail during his “Catalyzing Minerals for Development” keynote presentation. “The key to growth and economic opportunity starts with energy," he said. "Energy is the kingpin to ensure that we move forward as a society. It allows us to improve our places of work, our housing, our hospitals — it allows for better delivery of education. It all starts with energy.”
He went on to explain that the greatest level of metals demand initially came when urban centers were still relatively young, but for much of the past 100 years demand has been based on incremental population growth with limited challenges to supply. The energy transition is set to completely disrupt this established pattern.
“This is very important, because the world is now challenged to replace electric systems and energy systems that the last 150 years have underpinned all economic development,” Stanley noted.
Adding another layer to this demand is the mainstream adoption of electric vehicles, which not only require more copper than internal combustion vehicles, but also place greater stress on the electrical grid.
Copper supply a decades-long problem
In the face of rising demand, copper is expected to face supply challenges as the market heads into deficit.
Speaking during a presentation titled “Is Global Exploration Meeting Commodity Needs?” Kevin Murphy, director of metals and mining research at S&P Global Commodity Insights, said the exploration side has been lagging for some time.
“So basically when I started with the company, we were saying, ‘This looks like a concern,’” he said. “Seventeen years later, (we’re saying) ‘Hey, this is still an escalating concern, why is this happening?’”
Like Murphy said, challenges around supply aren’t new. However, the narrative has changed. Stanley referred to a Businessweek article from December 1984 that discussed the economic viability of mining in the US.
At that time, there was concern that cheap labor from developing nations was undermining domestic production across the mineral resource sector. To a degree, the mining landscape today is mirroring what happened in 1984, with low-cost jurisdictions appealing to metals consumers, and some of the richest mineral deposits nearing depletion.
Over the years, new technologies and processes have made lower-grade deposits more economically viable, and increased geopolitical stability in the 1990s and into the 2000s helped maintain consistent supply chains.
The 2020s have begun to see a shift toward a more polarized east versus west landscape as countries around the world place a greater onus on security of supply. However, top-tier jurisdictions like the US and Canada continue to have higher overheads, as well as limited investment, long permitting stages and extensive environmental reviews, which has given developing nations a competitive advantage when it comes to progressing projects.
As the energy transition gains momentum, more governments are starting to facilitate the development of operations that target critical minerals like copper, nickel and aluminum. “Governments are very concerned about the adequacy of supply, the quantity and quality that needs to come into the market,” Stanley said. “They also want to know that there’s security of supply, that there’s no disruptions because we’ve returned to a multipolar world.”
Copper exploration spending crucial
Copper in particular is facing supply challenges, in part because deposits for the metal are generally large, meaning exploration and development costs are higher. This makes it tough for juniors to get traction.
“What are the traits of a copper porphyry? They’re huge, they’re deep and you have to spend a lot more money exploring,” Murphy explained to the audience at the convention. "So a lot more money goes into grassroots (exploration) compared to gold, but also, it’s really expensive exploration. The majors are the ones with the money to actually do that compared to the juniors, who may not be able to raise funds to do a kilometer-deep program."
According to Murphy, the lack of recent exploration is also due to the pervasive cyclical nature of the mining industry. Following a strong period from 2006 to 2012, when many major projects were approved, the industry went into a downturn and many companies became concerned with debt reduction and survival.
“What did they do? Naturally, the first thing that goes is exploration — exploration budgets get cut,” he said. “But we went into such a long downturn that companies ended up rationalizing their portfolios.”
An unsupportive economic environment throughout the 2010s saw continued erosion of exploration budgets, and while there was some growth through the early 2020s, budgets are still off of 2012 highs.
“Why didn’t exploration budgets increase nearly as much as we thought that they should?” Murphy asked. “It’s because companies didn’t have the projects that they once had — they were gone.”
He presented data showing how inflation has stymied the mining sector. Last year, exploration budgets for all metals totaled US$12.8 billion, down 3 percent over 2022. Even though strong growth rates of 23 percent were seen in Latin America, these were offset by declines of 8.9 percent and 5.4 percent in Canada and Australia, respectively.
Murphy went on to suggest that current economic trends aren’t just preventing projects from entering the pipeline, but are also slowing what few projects already exist. “Drilling has been in a downtrend as well, and it’s a bit worse than budgets in 2023, which indicates some inflation has hit the mark. It’s a hard industry. The standard is about 3 percent, (and) at the moment we’re thinking that budgets are probably down 5 percent," he commented.
These declines have mainly been felt by juniors, which have seen an 8 percent fall in exploration expenditures, followed closely by intermediate-stage companies. What little growth is happening in the industry has been focused on the majors, which saw a modest 1.2 percent increase in exploration spending in 2023.
Additionally, early stage exploration projects, which are often run by juniors, saw funding declines of 9.8 percent, making 2023 a low point for the industry. In contrast, late-stage projects saw 3.8 percent growth.
On a more metal-specific view, copper saw strong funding growth, with a 12 percent increase to exploration budgets, but little of it has been targeted at discovery. As Murphy explained, the majority of the additional US$3.12 billion that went toward copper in 2023 was allocated to producing or near-producing assets.
“Over the past decade, we’ve added over half a billion tonnes of copper to global reserves and resources after replacing production,” he told listeners at PDAC. "So we’re absolutely adding copper, but we’re adding it to old assets, we’re adding it to mines, we’re adding it to projects that have been discovered 30 or 40 years ago that aren’t in production, and unfortunately, they aren’t in production for very good reasons."
With copper demand expected to see considerable growth over the next decade, the supply side is starting to seem woefully inadequate. Murphy said that in his opinion, there are inverted priorities in the sector. “Most of the resources (should be) brought in at exploration, with relatively little being in the mines.”
Investor takeaway
In 2023, the US government placed copper on its critical minerals list, at least for the medium term.
Lassonde, Murphy and Stanley all emphasized that its importance for the transition to clean technologies like electric vehicles is undeniable, and the speakers also made it clear that supply of the red metal is in a precarious place.
The current picture is of an industry that has largely cast aside discovery. With large copper deficits expected in the early 2030s and discovery-to-production timelines of more than a decade, it's critical that companies place an emphasis on new copper discoveries and allocate the capital necessary to accomplish that.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Avrupa Minerals CEO Eyes Joint Ventures for VMS Projects in Europe
Avrupa Minerals (TSXV:AVU,OTC Pink:AVPMF,FWB:8AM) has achieved exploration milestones at the fully funded Alvalade copper-zinc volcanogenic massive sulfide project in Portugal and the Slivova gold project in Kosovo. CEO Paul Kuhn is keen to look for potential joint ventures to advance the company's projects.
“The idea is that we start the early phases of the project," he said. "We do the early exploration and hopefully discovery, which we've done at Slivova in Kosovo and the Sesmarias (target) in Portugal, and get them to a point where they are 'venturable.'”
Joint ventures, according to Kuhn, work better by allowing Avrupa and its partners to work together and resolve any problems related to exploration.
“Finland is early (stage). We need to dress up the properties with good basic exploration work, a few drill holes, and then I feel we'd be able to make a strong joint venture there,” he said. “And we're looking for partners that can bring our properties to mining. We're not miners, we're explorers. We do a real good job of exploring and finding."
Watch the full interview with Avrupa Minerals CEO Paul Kuhn above.
Disclaimer: This interview is sponsored by Avrupa Minerals (TSXV:AVU,OTC Pink:AVPMF,FWB:8AM). This interview provides information which was sourced by the Investing News Network (INN) and approved by Avrupa Minerals in order to help investors learn more about the company. Avrupa Minerals is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Avrupa Minerals and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
New World Copper CEO Shares Plans to Advance Zonia Copper Project to Production
World Copper’s (TSXV:WCU) newly appointed CEO Gordon Neal wants to focus on advancing the Zonia copper oxide project in Arizona, US, to the development stage and transforming World Copper into a US-centric copper company.
“The US government, the Department of Energy, has determined that copper is a critical metal. And so there’s lots of attention and funds available for companies that have a US-domiciled project,” he said.
World Copper’s Zonia project has undergone extensive historical exploration and mine development planning, with a historical 2018 preliminary economic assessment and 2017 mineral resource estimate that show excellent economics, a mine life of 8.6 years and an average annual production rate of 49.1 million pounds.
“Zonia is interesting because it ticks all the boxes for a copper project that could go into production fairly quickly, fairly cheaply and economically,” Neal explained. "It's on private land, which I can get permitted easily. It has power on site. It has water on site. It is an oxide that's at surface. The strip ratio is one-to-one. And there's a billion pounds of copper in this deposit so far, and that's just on the private land portion — we have three times the amount of land around (that)."
Neal added that he also plans to bring more US copper assets into the company’s portfolio.
Watch the full interview with World Copper CEO Gordon Neal above.
Disclaimer: This interview is sponsored by World Copper (TSXV:WCU). This interview provides information which was sourced by the Investing News Network (INN) and approved by World Copper in order to help investors learn more about the company. World Copper is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with World Copper and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Casino Project’s Compelling Attributes Attract "Phenomenal" Investments, WRN Exec Says
Western Copper and Gold’s (TSX:WRN,NYSEAMERICAN:WRN) Casino project is a compelling asset loaded with reserves that could last 27 years, one of the factors that sealed joint ventures with Rio Tinto (NYSE:RIO,ASX:RIO,LSE:RIO) and Mitsubishi Materials (TSE:5711), according to the company’s CEO, Sandeep Singh.
“Both (Rio Tinto and Mitsubishi) are tremendous partners. They lend a significant amount of technical expertise to the asset — things that a junior company could not replicate on its own even if it had the resources to do it,” he said.
“It's not just the scale … But also kind of the other factors going for it — the high-grade core, that it's at surface with next to no strip, the clean metallurgy, the jurisdiction it's in, you know, the state it's in. There's a lot of positive attributes. And it's not a surprise to us that it's attracted interest from those types of groups,” Singh added.
Mitsubishi completed its C$21.3 million investment in the project in April 2023, resulting in the company owning 5 percent of Western's issued and outstanding shares. Meanwhile, Rio Tinto’s total investment is C$33.9 million for 9.7 percent of Western’s outstanding common shares.
Watch the full interview with Western Copper and Gold President Dr. Paul West-Sells and CEO Sandeep Singh above.
Disclaimer: This interview is sponsored by Western Copper and Gold (TSX:WRN,NYSEAMERICAN:WRN). This interview provides information which was sourced by the Investing News Network (INN) and approved by Western Copper and Gold in order to help investors learn more about the company. Western Copper and Gold is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Western Copper and Gold and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Bangemall Ground EM Surveys Outline Multiple Norilsk-Style Drill Targets
Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to advise that ground electromagnetic (EM) surveys have identified multiple drill targets at the Company’s large 100%-owned Mount Vernon and Trouble Bore Projects in the Gascoyne region of Western Australia.
- Ground EM survey completed at Mount Vernon and Trouble Bore Projects
- Multiple large shallow Ni-Cu-Co-PGE targets outlined for RC drill testing
- Regional, project and target-scale similarities to giant Norilsk Ni-Cu-Co-PGE deposits
Miramar’s Executive Chairman, Mr Allan Kelly, said the Company was excited about the district-scale opportunity evolving within the Bangemall Projects and looked forward to the maiden drilling campaign.
“Whilst many nickel producers are under pressure at the moment, mafic intrusion-hosted deposits such as Nova and Nebo Babel can be large and very valuable, due to the mix of metals present, which makes them immune to short-term fluctuations in the nickel price,” he added.
“At Mount Vernon and Trouble Bore, we are seeing all the ingredients needed for the formation of this type of deposit,” he said.
“We have nickel and copper-bearing dolerite sills intruding into sulphidic sediments, evidence of differentiation, including mafic cumulate rocks, and indications of accumulations of conductive sulphides within and/or beneath the sills,” he added.
Miramar is exploring for mafic intrusion-hosted nickel, copper, cobalt and platinum group element (Ni-Cu- Co-PGE) sulphide mineralisation related to 1070Ma aged Kulkatharra Dolerite sills, part of the Warakurna Large Igneous Province and the same age as the large Nebo-Babel deposits in the West Musgraves.
Geophysical contractor Wirelines Services Group has finished a ground EM survey comprising a mixture of Fixed Loop (FLTEM) and Moving Loop (MLEM) methods which tested five airborne EM anomalies within the Mount Vernon and Trouble Bore Projects (Figure 1).
The survey has confirmed and refined each of the airborne EM anomalies and outlined large shallow conductive drill targets consistent with Miramar’s Norilsk-style Ni-Cu-Co-PGE deposit model (Figure 2).
Target D is the last target to be tested within the Mount Vernon Project as part of the current programme.
The FLTEM survey at Target D covered part of a large airborne EM anomaly at the western end of the Project (Figure 3). The FLTEM survey refined the location of the southern VTEM anomaly, which remains open to the east.
When modelled, the FLTEM data indicates the presence of two large shallow, sub-horizontal plates with strong conductances, up to approximately 1600 Siemens (Figure 4).
Upcoming work programme
Miramar’s initial aim is to show “proof of concept” of the Norilsk-style deposit model by discovering Ni-Cu- Co-PGE sulphide mineralisation.
Over the previous 24 months, the Company has progressed from regional-scale area selection to collection of project-scale datasets and, more recently, to delineation of individual drill targets.
Upcoming work includes systematic rock chip sampling and preparation for the maiden drilling campaign.
Click here for the full ASX Release
This article includes content from Miramar Resources Limited, 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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