Heron: G2 Lens Drilling at Woodlawn Delivers High Grade Assays

The company said the intercepts confirm the high-grade base-metal mineralization within the lens and have better defined the limits of the area.

Heron Resources (ASX:HRR) has reported that it has received the final assays for the extensional and infill drilling program of the shallow G2 Lens at its wholly-owned Woodlawn zinc-copper project, located 250km south-west of Sydney, New South Wales, Australia.

According to Heron, these intercepts confirm the high-grade base-metal mineralization within the lens and have better defined the limits of the area. The G2 Lens will provide early-stage production for the operation.

Heron managing director and CEO, Wayne Taylor said:

“The completion of the G2 Lens drilling program is an important step for the early production schedule of the mine in 2019. While structurally complex, the often high-grade nature of the lens should provide a good source of early underground ore to the processing plant; furthermore this mineralization is in addition to the published reserves for the project. Also given the good metallurgical performance from the G2 mineralization it will be ideal material for commissioning the first underground ore through the plant. Our geologists and engineers are currently completing detailed modelling to optimize the planned production from this area.”

Click here to read the full Heron Resources (ASX:HRR) press release.

Petratherm Limited Announces Filing of Early Warning Report Related to the Disposition of Common Shares of Outback Goldfields Corp.

Petratherm Limited (ASX: PTR) (“Petratherm”) announces that it has filed an early warning report (the “Report”) announcing that it has disposed of 33,333,333 common shares (the “Disposed Shares”) of Outback Goldfields Corp. (CSE:OZ) (formerly, Skarb Exploration Corp.) (“Outback Goldfields“). Petratherm acquired the Disposed Shares as consideration for the sale of its gold projects located in Victoria, Australia. Unless permitted under securities legislation, Petratherm must not trade the common shares before April 16, 2021. Following the expiry of this restriction period, Petratherm distributed all of the Disposed Shares in specie to its shareholders effective today. Following the disposition of the Disposed Shares, Petratherm holds nil shares of Outback Goldfields.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of the Report by Petratherm.

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Once the merger is complete, the new company will become a top five lithium chemicals company globally — and top three outside of China — with production capacity of around 40,000 tonnes of lithium carbonate equivalent per year.

“The merged entity’s growth opportunities in both brine and hard rock position it uniquely to take advantage of expected rising EV demand for lithium,” Galaxy Chairman Martin Rowley said.

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IIROC Trading Halt – TMRR

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Cleantech Investing in Australia

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This is where conscious investors look to the cleantech sector, which covers everything from renewable energy to low-emission technologies to water technology to battery storage and more.

What should investors know about cleantech in Australia before they jump in? Read on for a look at key factors, including market size, the industries encompassed by cleantech and big players to watch.

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Galaxy Resources Limited Announcement

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The announcement can be viewed at:
https://www2.asx.com.au/markets/trade-our-cash-market/announcements.gxy

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