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![Redstone Resources Ltd](https://investingnews.com/media-library/redstone-resources-ltd.png?id=32025000&width=1200&height=800)
Quarterly Report For The Period Ending 30 September 2022
Redstone Resources Limited (ASX: RDS) (Redstone or the Company) presents its quarterly report for the period ending 31 September 2022 (the Quarter).
HIGHLIGHTS
- Completion in early September of the second phase reverse circulation (RC) drilling programme (the Programme) at the Company’s 100% owned West Musgrave Copper Project (the Project).
- This second phase of the Programme comprised 14 RC drill holes for approximately 4,294m, primarily of deep drilling (300m+ holes) to further test the anomalous copper at the EM5 Target, combined with two other EM5 ‘look‐a‐like’ magnetic anomalies, as well as at the Tollu copper veins and surrounding prospective Target Areas targeting copper mineralisation.
- The second phase deeper RC holes were also designed to test magnetic anomalies for the presence of potential nickel‐cobalt‐copper bearing ultra‐mafic or similar rocks within the Project area.
- The RC drill samples have been delivered to the lab for assay and are still pending. The Company’s geological consultants will assess the results once available.
Redstone’s 100% owned West Musgrave Project (the Project) which includes the Tollu Copper Vein deposit (Tollu), is located in the southeast portion of the West Musgrave region of Western Australia. The West Musgrave Project has the right geological and structural setting for large magmatic Ni‐Cu sulphide deposits just 40km east of the world‐class Nebo‐Babel Ni‐Cu deposit.
Tollu hosts a giant swarm of hydrothermal copper rich veins in a mineralised system covering an area at least 5km2. Copper mineralisation is exposed at the surface and forms part of a dilation system within and between two major shears.
Redstone expects the initial JORC 2012 resource at Tollu of 3.8 million tonnes at 1% Cu, containing 38,000 tonnes of copper, and 0.01% cobalt, which equates to 535 tonnes of contained cobalt (ASX release 15 June 2016 and 1 May 2017), the mineralised area, and the volume of hydrothermal mineralisation, to increase with further drilling.
Geological interpretation suggests that the West Musgrave Project may also be prospective for Volcanic Hosted Massive Sulphide (VHMS) deposits, large continental type Molybdenum (Mo)‐porphyry deposits, strata‐bound Gold (Au)‐ Silver (Ag) deposits, Tin (Sn) – Tungsten (W) mineralisation related to granites, granite stockworks or greissens, intrusion related polymetallic veining and Intrusion Related Gold deposits (IRG).
WEST MUSGRAVE PROJECT – SEPTEMBER 2022 QUARTER ACTIVITIES
PHASE TWO RC DRILLING PROGRAMME COMPLETED
During the Quarter the Company undertook its second phase RC drilling programme (the Programme) on the Company’s 100% owned West Musgrave Project. The second phase programme follows‐on from the first phase completed in late 2021 and comprised 14 RC drill holes for approximately 4,294m of drilling (including deep drilling at 300m+ depths).
Commencement of the second deeper drilling campaign was significantly delayed due to limited availability of a suitable RC rig for the Project location and Programme scope well as COVID related personnel issues. After finally commencing in late June 2022, the drilling campaign made very slow progress due to slow production rates and consequently not all targets were able to be drilled.
The deeper drilling campaign concentrated on the EM5 Target and two other EM5 ‘look‐a‐like’ magnetic anomalies, the Hiding Maggie Target Area, and the Forio, Chatsworth and Eastern Reef prospects at the Tollu Copper deposit. The drilling targeted copper mineralisation but also tested for rock types that may have the potential to host nickel‐cobalt‐copper mineralisation.
The second phase deeper drilling campaign was completed in September and drill samples have been delivered to the lab for assay and are still pending. The Company’s geological consultants will assess the results once available.
Click here for the full ASX Release
This article includes content from Redstone Resources Ltd, 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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Redstone Resources
Overview
The electrification transition is well underway and has spurred a growth in demand for rare metals, such as lithium and base metals, including nickel and copper, which most clean technologies require. The overall sentiment for these battery metals remains healthy and optimistic, even amid global economic turmoil.
Australia is supporting this growth in demand through its mining-friendly, tier-1 jurisdictions. The country is a world leader in producing and exporting a plethora of metals and minerals, including iron, copper, lithium, nickel, bauxite and gold. Australia produces significant amounts of 19 in-demand minerals from more than 350 operating mines. The Musgrave Province contains a Mesoproterozoic crystalline basement terrain that reaches across the shared borders of Western Australia, the Northern Territory and South Australia. The terrain has significant deposits of several essential metals, including nickel, platinum group elements (PGEs), copper, gold, lead, zinc, chromite, and rare earth elements (REEs). Yet, much of Musgrave remains underexplored, especially for the base metals the world now needs.
Redstone Resources (ASX:RDS) is a base and precious metals exploration company, exploring its 100-percent-owned, highly prospective West Musgrave Project, which includes the Tollu Copper deposit, located in the West Musgrave Province of Western Australia. The company’s West Musgrave Project is located proximal to BHP’s world-class Nebo-Babel nickel-copper-PGE sulphide deposit and Succoth copper (nickel, palladium) deposit, and Nico Resources’ Wingellina nickel-cobalt project. Redstone also has other pending tenement applications prospective for nickel and copper in the same region. The company is led by a management team with expertise in geology and mineral exploration, business development and corporate law, creating confidence in the team’s ability to capitalize on its assets.The unique Musgrave terrain has already drawn the interest of notable miners, such as BHP. BHP is progressing with the development of its Nebo-Babel nickel-copper-PGE sulphide deposit, which has been estimated to have a resource of 390 million tonnes grading 0.33 percent copper and 0.30 percent nickel, for 1.2 million tonnes of contained nickel metal and 1.3 million tonnes of contained copper metal (Mea + Ind + Inf – 2012 JORC). Final regulatory approval to begin construction of the Nebo-Babel mine has been granted. Other discoveries and deposits in the area, such as the Wingellina nickel-cobalt deposit, indicate the potential of the West Musgrave region to become a significant base metal jurisdiction.
Redstone’s flagship, 100-percent-owned West Musgrave Project is situated between these two deposits — approximately 40 kilometres east of BHP’s Nebo Babel nickel-copper-PGE deposit and 50 kilometres west-southwest of Nico Resources’ Wingellina nickel-cobalt deposit. Redstone’s West Musgrave Project is highly prospective yet largely underexplored. The asset has the right geological and structural setting for large magmatic nickel-copper sulphide deposits, volcanic-hosted massive sulphide (VHMS) deposits and other large intrusive related hydrothermal systems.
Location of Redstone’s West Musgrave Project, which includes the Tollu copper deposit, in relation to the world-class Nebo-Babel Ni-Cu-PGE deposit.
The 100-percent-owned Tollu Copper Vein deposit, located within the West Musgrave Project, has a JORC-compliant indicated and inferred resource estimate of 3.8 million tonnes grading 1 percent copper, for 38,000 tonnes of contained copper with a cut-off of 0.2 percent. There is also a current estimated conceptual exploration target*, suggesting a potential for up to 627,000 tonnes of copper at Tollu. (*conceptual exploration target ranges from 31 to 47 million tonnes of mineralization at 0.8 to 1.3 percent copper, containing 259,000 to 627,000 tonnes copper.)
Outside Australia, Redstone Resources is an emerging battery metals explorer and has been building its portfolio of lithium and other critical mineral assets in Canada.
In May 2023, the company signed an exclusive option agreement to acquire 100 percent interest in the Attwood Lake Area Lithium Properties in Northwestern Ontario. The properties are considered highly prospective for lithium and/or rare element pegmatites.
Results from the Phase 1 Exploration Program at Attwood Lake showed numerous pegmatite outcrops. The program consisted of a helicopter‐supported geological mapping and sampling program for lithium and rare‐earth-element-bearing pegmatites. Results from the 209 rock grab samples collected indicate elevated Li is present across the project.
In July 2023, Redstone Resources entered into another exclusive option agreement to acquire 100 percent interest in the Radisson East and Sakami Projects located in the prolific James Bay Lithium District in Quebec, host to several advanced lithium projects and new lithium discoveries in Canada including:
- Patriot Metals (ASX: PMT, TSXV:PMET) Corvette Project (~170 kms east)
- Winsome Resources Ltd (ASX: WR1) Cancet Project (~100 kms east); and
- Q2 Metals Corp (TSXV: QTWO) Mia Lithium Project (~40 kms southeast).
These projects have a combined area of 90 square kilometres and cover more than 50 kilometres of highly prospective greenstone belts with coincident lithium‐in‐lake anomalism and are host to several known pegmatite occurrences and outcrops.
Prospectivity analysis and multispectral analysis recently undertaken by Redstone Resources on Radisson East and Sakami has identified a significant number of high priority lithium-caesium-tantalum (LCT) pegmatite target areas requiring follow up exploration.
Redstone Resources also recently entered into a 50/50 joint venture agreement with Galan Lithium (ASX:GLN) to acquire 100 percent of the highly prospective suite of lithium projects that include the Camaro, Taiga and Hellcat Projects in the James Bay Lithium Province in Quebec. Redstone will be the manager of the joint venture which covers 5,187 hectares of tenure. The joint venture also secured an option to acquire 100 percent of the PAK South and PAK Southeast Lithium Projects comprising 1,415 hectares in Ontario's Electric Avenue near Frontier Lithium's PAK Lithium Project.
An experienced management team leads Redstone with decades of experience in the mineral resources sector, with expertise in mineral exploration, mining operations and corporate finance.
Company Highlights
- Redstone Resources is an Australia-based mineral exploration company exploring highly prospective properties for copper and nickel in the West Musgrave region of Western Australia.
- The West Musgrave region has already drawn the interest of miners who have made significant discoveries, including the world-class Nebo-Babel nickel-copper-PGE sulphide deposit and the Wingellina nickel-cobalt deposit.
- Redstone’s flagship West Musgrave Project is located near these existing projects, only 40 km west of BHP’s Nebo-Babel deposit, indicating the potential of the company’s tenure.
- The company owns 100 percent of the West Musgrave Project, which includes the Tollu Copper vein deposit.
- It has the right geological and structural setting for large magmatic nickel-copper sulphide deposits, VHMS deposits and other large intrusive-related hydrothermal systems
- The Tollu Copper vein deposit is proof of a significant hydrothermal system in the project area.
- In May 2023, Redstone entered into an agreement to acquire a 100 percent interest in the Attwood Lake Area Lithium properties, in Northwestern Ontario, Canada, which was closely followed by another option agreement entered into in July 2023, to acquire 100 percent of the Radisson East and Sakami Projects in James Bay, Quebec, Canada. These projects are known to be highly prospective for lithium and/or rare earth element pegmatites, and close to several advanced lithium projects.
- The Attwood and Radisson East and Sakami Project acquisitions complement the company’s West Musgrave copper-nickel project and its strategy to increase exposure to the growing global battery metals and explore for critical minerals in high demand.
- A Phase 1 exploration program conducted on the Attwood project has identified numerous pegmatite outcrops with sample assay results indicating elevated lithium is present across the project.
- Several high priority exploration targets have been confirmed from recent prospectivity analysis and multispectral analysis undertaken over the Radisson East and Sakami Projects.
- Redstone Resources has also entered into a 50/50 joint venture agreement with Galan Lithium (ASX:GLN) to acquire 100 percent of a highly prospective suite of lithium projects in James Bay, Quebec, and option agreement for lithium projects in Northwestern Ontario.
- A strong management team leads the company with decades of experience in the resources sector.
Key Projects
The West Musgrave Project
The West Musgrave Project covers 237 square kilometres of highly prospective yet underexplored terrain. The asset is 40 kilometres east of the world-class Nebo-Babel nickel-copper-PGE sulphide deposit owned by BHP, and contains suitable geological structure and settings for nickel-copper deposits. Redstone plans to continue the exploration of the asset to follow up on recent drilling and exploration results which identified numerous prospective targets.
Significantly, recent drilling at 7.5 km northeast of the Tollu Copper Vein deposit has confirmed for the first time the presence of mafic-ultramafic intrusions on the project, which are potential host and/or source rocks for nickel-copper-PGE ± cobalt mineralisation. This confirmation is significant for Redstone especially considering the western boundary of the project area is only 40 kms east of the BHP-owned world-class Nebo Babel nickel-copper-cobalt-PGE deposit and may also be a potential explanation for a source of the high grade copper at Tollu.
The Tollu Copper Vein Project
Redstone’s Tollu Copper Vein deposit is located within the broader West Musgrave Project and has already produced promising drilling results. Tollu hosts a giant swarm of hydrothermal copper-rich veins in a mineralized system covering an area of at least 5 square kilometres. Copper mineralization is exposed at the surface and forms part of a dilation system within and between two major shears.
Redstone has defined a JORC 2012 resource estimate for Tollu of 3.8 million tonnes grading 1 percent copper, for 38,000 tonnes of contained copper and 0.01 percent cobalt, which equates to 535 tonnes of contained cobalt. However, the company considers that this estimate may be far greater with further drilling.
Drilling results from Redstone Resources’ most recent exploration program continue to deliver outstanding copper results for the Chatsworth and Forio prospects at the Tollu Copper Vein deposit.
At Chatsworth, RC drill hole TLC205 intersected 11 metres at 1.2 percent copper from only 29 metres downhole, extending the previously intersected high‐grade copper lens a further 20 metres towards the surface.
Together with the previous drilling, TLC205 has shown that the targeted high grade copper lens at Chatsworth is up to 26 metres thick (downhole), has a copper grade always over 1 percent copper and extends over 140 metres vertical from TLC205 to its deepest intersection to date in TLC188 at 174 metres-184 metres downhole. No drilling has tested beneath the intersection in TLC188 and so this significant, up to 26 metre thick (downhole) vertically long high-grade copper lens remains open at depth.
Previous intersections of the same high‐grade copper lens intersected in TLC205 include:
- TLC188 ‐ 10 m at 2.51 percent copper from 174 m downhole including 3 m at 4.71 percent copper from 175 m downhole;
- TLC189 ‐ 26 m at 1.46 percent copper from 61 m downhole including 1 m at 5.1 percent copper from 84 m downhole;
- TLC033 ‐ 5 m at 2.21 percent copper from 100 m downhole; and
- TLC034 ‐ 15 m at 1.39 percent copper from 136 m downhole including 3 m at 3.67 percent copper from 122 m downhole.
E-W Cross-section of high grade copper lens at Chatsworth Prospect, Tollu Copper Deposit. Recent intersection in RC drill hole TLC205 is shown along with intersections from 2021 drilling in TLC188 and TLC189 as well as intersections in historical drilling, RC drill holes TLC033 and TLC034
Recent drilling has also delivered further high-grade intersections at Forio, including the highest Cu grade ever intersected with 1 m at 18.5 percent copper from 18 m downhole in RC drill hole TLC203.
Drilling completed at Forio in late 2022 RC drilling campaign at Tollu were aimed at testing the continuity along strike of a zone of high grade copper lenses at Forio identified in previous drilling.
The high grade Cu intersections at Forio include:
- 8 m at 4.1 percent copper from 13 m downhole depth (TLC203) including 1 m at 18.5 percent copper from 18 m downhole.
- 4 m at 1.2 percent copper from 45 m downhole (TLC203)
- 6m at 1.47 percent copper from 80 m downhole (TLC201).
The high grade copper intersections in RC drill holes TLC201 and TLC203 extend the zone of high grade copper lenses at Forio along strike north and south for at least 60 m continuous.
Long-section of RC drill holes TLC201 and TLC203 recently drilled to test for extension of the high grade copper mineralisation intersected in TLC181, TLC153 and TLC173 in previous drilling. Cross-section is drawn along strike N-S of the Forio vein system and looking towards the east
The significant drilling intersections of high‐grade copper mineralisation at both the Chatsworth and Forio Prospects (dating back to 2017) at Tollu are yet to be included in the existing JORC 2012 Tollu resource estimate, which suggests there may be opportunities in the Tollu resource yet to be realised.
Attwood Lake Lithium Project
Geologist exposes pegmatite outcrop beneath lichen.
The Attwood Lake lithium project is located approximately 115 kilometres east‐southeast from the community of Pickle Lake in northwestern Ontario. Geologically, the project forms part of the Neoarchean English River subprovince of the Superior Province. It straddles or is located within a few kilometres of the boundary to the Uchi subprovince, which is located to the north. The English River subprovince is an Archean gneiss belt of mostly metasediments and sedimentary derived‐orthogneisses. Reconnaissance bedrock mapping by the Ontario Geological Survey (OGS) in 2016 identified largely gneissic metasediments in the western part and along the eastern margin of the property, while the central part is dominated by muscovite‐bearing, peraluminous granitic rocks including some metavolcanic and migmatized supracrustal rocks. Mapping identified muscovite‐bearing pegmatites, mostly in metasediments near their contact with the granitic rocks, a setting that is favorable for potential lithium pegmatites.
Results from the Phase 1 Exploration Program at Attwood Lake showed numerous pegmatite outcrops. The program consisted of a helicopter‐supported geological mapping and sampling program for lithium and rare‐earth-element-bearing pegmatites. Results from the 209 rock grab samples collected indicate elevated Li is present across the project.
Radisson East and Sakami Lithium Projects
The Radisson East and Sakami lithium projects in the prolific James Bay Lithium District, Québec are located near:
- Patriot Battery Metals Inc. (ASX:PMT, TSXV:PMET) Corvette Project (~170 kms east)
- Winsome Resources Ltd (ASX:WR1) Cancet Project (100 kms east)
- Q2 Metals Corp (TSXV: QTWO) Mia Lithium Property (~40 kms southwest)
Radisson East and Sakami Lithium Project location map
The Sakami Lithium Project spans 68 square kilometres consisting of three claim blocks within the La Grande sub‐province approximately 14 kilometres north of the boundary between the La Grande and Opinaca sub‐provinces, in a similar geological setting as the Corvette (Patriot Battery Metals), Cancet (Winsome Resources) and Adina Lithium Deposits (Winsome Resources) lithium deposits, which all occur 10 to 20 kilometres north of the boundary.
A prospectivity analysis has generated eighteen target areas that are prospective for LCT
pegmatites across the Sakami Lithium Project. The two easternmost claim blocks follow a north‐south trend of elevated prospectivity scores, and the northwestern‐most claim block is highlighted by an elevated prospectivity score along its northern boundary. The north‐south trend of prospectivity appears to be associated with amphibolite and paragneiss units along north‐northeast‐trending faults. The highest priority targets on the Sakami Lithium Project are targets S01 through S04 to the south end of the project towards the La Grande‐Opinaca sub‐province boundary. These high priority targets occur in an area where a north to south trending amphibolite unit is truncated by east-to-west faulting and an increase in low-level geochemical anomalism that is associated with LCT pegmatites occurs in the direction of the La Grande‐Opinaca regional geological boundary.
Prospectivity analysis of Sakami Lithium Project
The Radisson East Lithium Project spans 22 square kilometres consisting of two claim blocks, both within the La Grande sub‐province and 55 kilometres to the northeast of Q2 Metals’ Mia Lithium project.
The prospectivity analysis has generated six target areas for prospective LCT pegmatites across the Radisson East Lithium Project. The easternmost claim block follows a northwest trend of elevated prospectivity, and includes targets RE01 and RE02, the highest priority targets on this project. The westernmost claim block follows a northeast trend of lower but slightly elevated prospectivity scores and includes targets RE03 through RE06. These trends of elevated prospectivity both follow basalt units that underlay both claim blocks.
Prospectivity analysis of Radisson East Lithium Project
A preliminary field programme will be completed over the Sakami and Radisson East Projects to assess the highest prospectivity target areas identified from a recent prospectivity analysis, in conjunction with the significant number of potential LCT pegmatite outcrop targets identified by multispectral analysis. The first pass programme will include field mapping, outcrop sampling and geochemical sampling to verify the presence of pegmatite outcrops and to test for lithium mineralisation.
Redstone and Galan Joint Venture
James Bay Lithium Projects - Taiga, Camaro and Hellcat
The Redstone and Galan 50/50 JV recently acquired the James Bay Lithium Projects, namely three high quality projects consisting of Taiga, Camaro and Hellcat Projects (TCH). The projects cover 3,850 hectares and are adjacent to Patriot Battery Metals’ (TSXV:PMET) Corvette Lithium discovery in James Bay. PMET’s CV8 pegmatite is one of the finest new hard rock lithium discoveries, with grab samples averaging 4.6 percent lithium oxide Li2O, and is located only 1.4 kilometres north of the Taiga Project. PMET’s newly-discovered CV13 pegmatite cluster is located 1.5 kilometres north of the Camaro Project.
James Bay Project Highlights:
The Taiga and Camaro are situated in the Meso-Archean to Paleoproterozoic La Grande Subprovince of the Superior Province underlain by the Poste Le Moyne and Langelier plutons, respectively. The Camaro project is hosted in the Semonville Pluton with local windows of the Rouget Formation metabasalt. Properties are hosted in hornblende biotite diorite, quartz-rich diorite, biotite hornblende tonalite, granodiorite, granite, conglomerate, wacke, and amphibolite.
The Hellcat Project hosts Vieux Comptoir Granitic suite believed to be the source of the spodumene-bearing pegmatite dykes found within the region. The primary greenstone within the project is amphibolites of the rouget greenstone belt, a similar age to the Grupe de Guyer greenstone belt, located within Patriot Battery Metals Corvette discovery.
Previous initial exploration on the James Bay Lithium Projects completed by Axiom Exploration identified 28 prospective pegmatite dykes.
Ontario Lithium Projects - PAK South and PAK Southeast
As part of the joint venture with Galan Lithium, Redstone Resources has secured an option to acquire 100 percent of the PAK South and PAK Southeast claims in Ontario’s “Electric Avenue”, located approximately 170 kilometres north of Red Lake, Ontario, in the Red Lake Mining Division.
The PAK South and PAK Southeast properties cover 1,258 hectares and 157 hectares, respectively, and several pegmatite units have been identified in regional mapping by the Ontario Geological Survey (OGS).
The projects are adjacent to Frontier Lithium’s (TSXV:FL) PAK Lithium Project, which includes two lithium deposits, the Spark Deposit and PAK Deposit, and two other prospects.
Highlighting the prospectivity of the Electric Avenue province, Frontier recently reported an intersection of 108.4 m of continuous pegmatite averaging 2.12 percent lithium oxide from its Spark Pegmatite(Frontier’s TSX-V announcement dated 25 September 2023).
Board and Management
Richard Homsany - Non-executive Chairman
Richard Homsany is executive vice-president of Mega Uranium, a Toronto Stock Exchange listed company and executive chairman of Toro Energy Limited, an ASX-listed uranium company. He is also the non-executive chairman of Galan Lithium and the Health Insurance Fund of Australia Limited.
Prior to this Homsany was a corporate and commercial advisory partner with one of Australia’s leading law firms. He is currently the principal of Cardinals Lawyers and Consultants and has been admitted as a solicitor for over 20 years. Homsany has extensive experience in corporate law, including advising public resources and energy companies on corporate governance, finance, capital raisings, takeovers, mergers, acquisitions, joint ventures and divestments.
He also has significant board experience with publicly listed resource companies and in the resources industry. He has also worked for an ASX top 50-listed internationally diversified resources company in operations, risk management and corporate.
Homsany is a certified practicing accountant and is a fellow of the Financial Services Institute of Australasia (FINSIA). He has a commerce degree and honors degree in law from the University of Western Australia and a graduate diploma in finance and investment from FINSIA.
Edward van Heemst - Non-executive Director
Edward van Heemst is a prominent Perth businessman with over 40 years of experience in managing a diverse range of activities with large private companies.
He is the managing director of Vanguard Press and was previously the long-time chairman of Perth Racing (1997 to 2016). He was also appointed as non-executive chairman of NTM Gold, an ASX-listed company from July 2019 to March 2021.
Van Heemst holds a bachelor of commerce degree from the University of Melbourne, an MBA from the University of Western Australia and is a member of the Institute of Chartered Accountants Australia.
He has extensive knowledge of capital markets and established mining industry networks.
Brett Hodgins - Technical Director
Brett Hodgins has over 20 years of professional experience in the resources sector primarily focused on exploration and mining operations. He began his career as a geologist with Robe River Mining and Rio Tinto Iron Ore. During that time he was involved with the commissioning and development of the West Angelas and Hope Downs operations. Hodgins' recent roles include general manager project development for Iron Ore Holdings and he is president/CEO of Central Iron Ore Ltd, a TSXV-listed company gold and iron ore explorer. He brings a wide range of experience in exploration, feasibility studies, operations, and has a broad knowledge of the resource sector.
Hodgins has completed a bachelor of science degree with honors in geology from Newcastle University, diploma of management and a graduate diploma in finance and investment from FINSIA.
Dr. Greg Shirtliff – Geological Consultant
Dr. Greg Shirtliff has over 20 years of experience in industry-related geology and geochemistry, including a PhD in mine-related geology from the Australian National University. Since his studies, Shirtliff has spent over 17 years in various roles in the mining and exploration industry ranging from environmental, mine geology, resource development, exploration and management roles, exploration and technical projects inclusive of engineering and metallurgical. His roles have included several years at ERA-Rio Tinto’s Ranger Uranium Mine, as the senior geoscientist for Cameco Australasia and more recently as the lead geologist and technical manager for Toro Energy Ltd, an ASX-listed uranium development company in Australia where he is the exploration and technical lead responsible for increasing the viability of the company’s uranium and mineral resources, developing and directing the company’s uranium and non-uranium exploration strategy, aiding the company technically through EPA approval for a uranium, and guiding the engineering and metallurgical through to scoping level economic assessment.
Shirtliff has had recent exploration success at Toro Energy, discovering multiple zones of massive nickel sulphide mineralization along the Dusty Komatiite, arguably the first massive nickel sulphide mineralization discovered in the Yandal Greenstone Belt in Western Australia.
Shirtliff holds directorships on privately owned consultancy and prospecting companies.
Shirtliff is a long-standing member of the Australian Institute of Mining and Metallurgy and the internationally recognized Society of Economic Geologists.
Resourcing Tomorrow 2024: Here’s What You Need to Know
Resourcing Tomorrow is set to return from December 3 to 5 at the Business Design Centre in London.
This year's conference will spotlight the mining industry’s role in accelerating the global energy transition.
With over 2,000 participants from more than 100 countries, the event promises to foster collaboration and innovation, bringing together industry leaders, policymakers, investors and more.
Find out all the details below.
Break out of the echo chamber at Resourcing Tomorrow
The key theme for this year’s event is "Breaking Out of the Echo Chamber," as the mining sector has a unique opportunity to lead the global shift by forging new partnerships with governments, energy companies and original equipment manufacturers.
“Resourcing Tomorrow aims to unite the efforts of the mining industry and their broader partners in accelerating the path to net zero,” Resourcing Tomorrow Divisional Director Andrew Thake said during the conference’s program release.
“By initiating a discussion that reaches beyond the conventional mining industry, we create the foundation for a more coordinated, collaborative and successful response to the challenges presented by the energy transition."
This year’s comprehensive program will feature three simultaneous theaters covering the entire mining value chain over the course of three days.
The event will host over 250 speakers, including keynote presentations from figures such as:
- Mark Cutifani, chair of Vale Base Metals, a subsidiary of Vale (NYSE:VALE)
- Mark Bristow, president and CEO of Barrick Gold (TSX:ABX,NYSE:GOLD)
- Rohitesh Dawan, president and CEO of the International Council on Mining and Metals
- Lamé Verre, co-founder and chair of Lean In Equity & Sustainability, award-winning energy executive
- Julie-Ann Adams, secretary general of the European Battery Recycling Association
One of the core focuses will be on the energy transition, exploring the demand for critical minerals essential for renewable energy technologies. As the world shifts towards solar, wind and geothermal power, the mining industry is tasked with meeting the increasing demand for minerals in a sustainable and responsible manner.
Other key topics will include geopolitics and supply chains, where discussions will address the challenges posed by resource nationalism and trade wars, as well as the opportunities for building resilient, diversified supply chains.
Resourcing Tomorrow to promote global networking
The conference will also serve as a global platform for mining and energy professionals to connect, collaborate and form strategic partnerships.Attendees will include government representatives from countries such as Australia, Canada, Nigeria, Portugal, Saudi Arabia, the United Kingdom and the US.
Over 175 mining companies, including industry giants Barrick Gold, BHP (LSE:BHP,ASX:BHP,NYSE:BHP) and Freeport-McMoRan (NYSE:FCX), will be present, along with more than 500 industry investors.
In addition, the NextGen Leaders program will provide students and recent graduates with a platform to engage with industry leaders and explore career opportunities. This initiative aims to address the skills gap and ensure a diverse and talented future workforce for the mining industry.
The event will also feature several additions, including government roundtables, breakfast briefings and the Resourcing Tomorrow Connect platform, which facilitates one-on-one meetings between attendees. These sessions will cover critical topics such as green steel, emissions reporting and the role of OEMs in supply chains.
Register for Resourcing Tomorrow now
With an agenda-packed program including significant industry and government figures and filled with networking opportunities, Resourcing Tomorrow is setting up to be an impactful event for attendees.
Early bird registrations are open until September 20. Details on sponsorship packages, passes and other information can be found on the event’s official website.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Stage Two Gold Proceeds Exceed $18 Million. Highest Price Achieved is $3,727 per Ounce.
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce the second gold milling campaign for 2024 from the Jeffreys Find Gold Mine (the Project) has produced further cash with gold selling at the Perth Mint for an average of A$3,667 per ounce. A total of 4,973 ounces have been sold.
HIGHLIGHTS
- Gold sales for 2024 exceed $18.23 Million.
- Current campaign gold sales reach $13.77 Million.
- Highest gold price achieved is A$3,727 per ounce.
- 154,000 tonnes delivered to the Mill, haulage continuing.
- Current campaign to conclude on 4 September 2024.
- First cash of $3.0 Million to be received by Auric shortly.
Managing Director, Mark English, said: “Gold has sold at up to $3,727 per ounce during August with more to come.
“BML have delivered in excess of 154,000 tonnes to the Coolgardie mill with haulage and milling continuing. Some of that ore will be processed in another campaign later in the year. The current campaign is continuing to produce thousands of ounces of gold.
“Already we have passed $13.77 Million in gold sales for this current campaign of the year and total gold sales for 2024 passing $18.23 Million. We are in the middle of a highly successful time for the Company.
“By the middle of September, Jeffreys Find Gold Mine is expected to generate in excess of $25 Million in gross gold sales for 2024. This current campaign is due to finish in early September. Unforeseen power outages and some inclement weather have slowed the whole process down, but we are hopeful more than 130,000 tonnes of the 150,000 tonne allocation at the Mill will get utilised in this campaign.
“A further campaign is planned at the Greenfields Mill towards the end of this year.
“The mill contract is to process 300,000 tonnes in 2024 so everyone is focussed on making that happen,” said Mr English.
Photo: Jeffreys Find doré bars at Greenfields Mill.
The Greenfields Mill (Greenfields or Mill) is contracted to process up to 150,000 tonnes of ore for the current campaign through Auric’s Joint Venture partner, BML Ventures Pty Ltd of Kalgoorlie (BML). As of 25 August 2024, just over 110,000 tonnes have been processed by the Mill.
Click here for the full ASX Release
This article includes content from Auric Mining, 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.
IMARC 2024: Here’s What You Need to Know
Australia’s largest mining event, the International Mining and Resources Conference (IMARC), is back in 2024 for another series of technical talks, panel discussions and keynote presentations from industry leaders.
Now in its 11th year, the conference is happening from October 29 to 31, and will take place at ICC Sydney. This edition will focus on the mining sector’s net-zero goals and the efforts companies are making to achieve them.
Mining industry veterans and newcomers are welcome. As in previous years, participants will get the chance to meet and mingle, brainstorm and share knowledge with potential collaborators throughout the conference.
IMARC programming to focus on net-zero theme
Nine concurrent conferences are happening at IMARC this year, with over 370 technical talks, panel discussions and strategic keynote presentations scheduled to take place at the three day event.
Over 9,000 attendees from more than 120 countries are expected to attend, with almost half being C-level and executives. More than 500 companies will be exhibiting on the conference’s 20,000 square metre show floor.
In excess of 600 mining leaders and resource experts will be presenting on stage during this year's edition of IMARC, with speakers including Rashpal Singh Bhatti of BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Dino Otranto of Fortescue (ASX:FMG,OTCQX:FSUMF) and Bradley Milne of Pilbara Minerals (ASX:PLS,OTC Pink:PILBF).
Government representatives involved in the global mining sector, such as Madeleine King, Australia’s minister for mining and resources, the Queensland Resources Council’s Janette Hewson and Suina Chahuán Kim, Brazil’s vice minister of mining, will also be participating in discussions at IMARC.
IMARC's theme this year, "Accelerating the Critical and Responsible Pathway to Net Zero," will cover various aspects of the mining value chain. Discussions will be narrowed down into seven more specific themes, namely:
- Fast-tracking the critical minerals value chain
- Operationalising the energy transition through innovation and collaboration
- Responsible mining initiatives that contribute to shared prosperity
- Leveraging technology and innovation to achieve productivity and operational excellence
- Accessing capital for project development, innovation and commercialisation
- Speeding up the project lifecycle to develop the mines of the future quicker
- Opportunities for global trade and investment
What’s new at IMARC this year?
IMARC is highlighting five additional features that are new this year for attendees.
Among these new features are two conferences — namely the inaugural Mining, Metals and the Circular Economy conference and the AROSE Mining & Space conference. They will respectively revolve around the circular economy’s role, impact and benefits for mining, and the capabilities and collaborations between mining and space.
NextGen programs will be also be available for skills training. These were created to engage young leaders and students, and provide them with a glimpse of the workforce. They are also geared at facilitating career pathways.
As for those who wish to have in-depth discussions, intimate two hour sessions are available at executive briefings. These encourage leaders and policymakers to review matters that are set to influence the industry.
Lastly, a Share and Win program was designed to keep the event exciting. Participants who promote their presence at IMARC using an automated LinkedIn post will automatically be entered to win an iPad Pro at the event.
Register for IMARC now
Don’t miss the chance to attend Australia’s biggest mining conference this year. Online pre-registration is required. Click here to register, and here for the full registration guide, along with pass and sponsorship packages.
Group discounts are also available. The next early bird offer ends on September 13. You can also follow IMARC on Facebook, Instagram and LinkedIn to stay up to date on news surrounding the conference.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Western Australia’s DEMIRS Launches New Online System for Environmental Approvals
The Western Australia Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) is launching a new platform for state environmental approvals, the department announced on August 22.
The Resources Online platform will be a single-user portal that will provide better customer experiences and improve business processes when lodging environment applications under the Mining Act 1978 and state petroleum legislation.
“It will ultimately replace the current Environmental Assessment and Regulatory System,” DEMIRS said, adding that the portal is a key deliverable under the department’s Fast-tracking Mining Approvals program, which “aims to significantly expand and improve the digital capability of mining and petroleum environmental lodgements.”
Targeting improved assessment timeframes and efficiency, the department said it has been working closely with stakeholders to ensure that the new product meets the mining sector's needs.
An industry-wide survey was opened on February 28 to gather insights that were then used to inform the design and department processes around the system. Responses were collected until March 15.
An industry working group consisting of participants from across the resource sector was also established to ensure that a variety of requirements and perspectives were addressed.
“Our goal was to ensure applications are submitted and assessed as efficiently as possible, so it was essential we worked closely with industry,” said Tyler Sujdovic, DEMIRS' executive director, resource and environmental compliance.
“The feedback we have been receiving from the working group has been encouraging,” he continued. “It tells us we are on the right track, and we are looking forward to welcoming the group back to test the system before going live.”
Resources Online is expected to launch at the end of September. DEMIRS said it is following a phased implementation approach, and the first release will be for Programme of Works applications.
Don’t forget to follow us @INN_Australia for real-time news updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
Allup Appoints IHC Mining Consultants for McLaren PFS
Allup Silica Limited (ASX: APS) (“Allup” or “Company”) is pleased to announce it has appointed IHC Mining (IHC) to undertake a Pre- Feasibility Study( PFS) for the McLaren Mineral Sands Project in Western Australia.
Allup announced its acquisition of the advanced-stage McLaren Project earlier this month, which has an Indicated and Inferred JORC (2012) resource of 280Mt at 4.8% Heavy Mineral1 near surface. Allup is examining its potential to produce ilmenite, a key titanium mineral, which currently trades at more than US$300/t due to increasing titanium shortages. Strong ilmenite market demand expected to continue due to supply deficits and mine closures in Africa.
Whilst process optimisation of the McLaren plant will continue following the completion of test work, flow sheet development and basic engineering have already commenced. At this conceptual stage, the Company’s PFS is progressing with a focus on a medium sized, 10Mtpa spiral concentration plant, which could produce up to 400,000tpa of ilmenite in concentrate annually.
IHC has significant expertise in the design, engineering and construction of mineral sands processing plants, and has a significant laboratory, mineral processing and engineering group based in Queensland.
Its design optimisation work at McLaren will continue through the engineering and design stages.
Allup aims to deliver the PFS in Q2 2025, before moving into the Bankable Feasibility design phase.
About IHC Mining
IHC Mining, a division of Royal IHC, has more than a century of experience, providing geo-metallurgical consultancy, equipment design, and construction, aiming to enhance operational efficiency and sustainability. Its expertise covers various commodities, including mineral sands, gold, and battery minerals, with a strong emphasis on decarbonisation, tailings management, and digitalisation.Click here for the full ASX Release
This article includes content from Allup Silica 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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