Michael Philipps

Estrella Resources has confirmed the presence of a slew of multiple stacked, fractionating pegmatites during field work at its Carr Boyd project near Kalgoorlie in Western Australia’s Goldfields region. The company says the outcropping pegmatites can be traced for a few hundred metres before going beneath the cover again and a follow-up works program of mapping and sampling is already underway.

Infinity Lithium has splashed out a stunning EBITDA of US$16.7 billion (AU$26 billion) for its San José project in Spain in an updated scoping study that outlines a 26-year mine life and annual production of 33,000 tonnes of lithium hydroxide. The company’s new study shows a post-tax net present value of US$2.87 billion (AU$4.47 billion) and an internal rate of return of 21.3 per cent.

White Cliff Minerals has orchestrated a stunning pivot away from its WA lithium and rare earths focus by steering into a high-grade copper hunt at one of the world’s fastest-growing mineral hotspots, Canada. The company has secured a swathe of ground in the Canadian province of Nunavut after an agreement with a private party for 61 mineral claims covering 80,500 hectares at Coppermine River.

American West Metals continues to record impressive hits at its Storm project in the Canadian province of Nunavut, with a peak result showing a 1.5m intercept at a whopping 8.3 per cent copper from 54.9m. The hit was found within a 24.4m section grading 1.1 per cent copper from 48.8m and also contained 6.1m going 2.8 per cent copper from 54.9m.

Altech Batteries says a definitive feasibility study shows it will be able to pump out 20 per cent more power than expected at its proposed Cerenergy sodium chloride solid-state grid battery plant in Germany. Through technical design optimisation, alongside lead engineering company Leadec and joint venture partner Fraunhofer, Altech believes it will now be able to produce 120 of its 1MWh “GridPacks” per year.

Auric Mining has topped its record price for gold sales from its Jeffreys Find mine near Norseman after selling 1264 ounces at $3131 per ounce to the Perth Mint for a gross revenue of nearly $3.9 million. The joint venture operation between Auric and Kalgoorlie-based BML Ventures has now sold 8293 ounces from the gold mine for a gross revenue of close to $25 million.

Lindian Resources has officially wrapped up its 4000m mine development drilling at its Kangankunde rare earths project in Malawi as it aims to define its resource at the operation into the indicated category. Assay results are expected to arrive in early December with a 400m geotechnical drill campaign to assess rock mechanics and ground stability set to start and finish next month.

Perth-based Chariot Corporation will hit the boards at the ASX today with its foot on pretty much every potentially lithium-bearing pegmatite in the US state of Wyoming and a clay-based lithium play in Nevada. With some pulse-quickening lithium rock chip grades already in the bag, the lithium-bearing pegmatites in Wyoming look like they are begging to see a drill bit.

Auric Mining has recorded one of the highest-ever gold price sales in Australia after selling 1361 ounces from its Jeffreys Find mine at $3130 per ounce to the Perth Mint for a gross revenue of $4.26 million. The joint venture operation between the company and BML Ventures has distributed the money with Auric receiving $2.2 million in its maiden disbursement of surplus cash from the stage one of the project.