The Conversation (0)
October 25, 2022
Both new IP anomalies coincident with extensive surface copper mineralisation in channel samples
Valor Resources Limited (Valor) or (the Company) (ASX:VAL) is pleased to advise that it has taken further important steps towards unlocking the exploration potential of its 100%-owned Picha Copper Project in Peru after receiving highly encouraging results from an Induced Polarisation (IP)/Resistivity survey and ground magnetic survey completed in September 2022.
HIGHLIGHTS
- Highly encouraging results received from the Induced Polarisation (IP)/Resistivity survey completed in September at the 100%-owned Picha Project in Peru.
- Large IP chargeability anomalies identified at both the Ichucollo Target and Huancune Target, adding further to the cluster of coincident geophysical/geochemical targets already delineated.
- Combined strike length of the Ichucollo and Huancune IP anomalies and the existing IP anomaly identified in the 2021 IP survey, is over 6km in strike length.
- The IP anomalies at both Ichucollo and Huancune are coincident with significant surface copper mineralisation:
- Ichucollo Target – semi-continuous 2.5km long IP anomaly, coincident with channel samples:
- 24m @ 1.08% Cu, 12m @ 1.10% Cu
- 30m @ 0.79% Cu, 16m @ 0.60% Cu
- 18m long zone of “manto-type” mineralisation averaging 1.45% Cu
- Shallow targets (<250m deep) easily tested with drilling
- Huancune Target – 1.5km long IP anomaly, coincident with surface rock chip and channel samples:
- >0.5% Cu and up to 3.95% Cu
- Ichucollo Target – semi-continuous 2.5km long IP anomaly, coincident with channel samples:
- Results from the systematic geochemical and geophysical work undertaken at Picha to date, combined with extensive surface mapping and sampling, show that the Picha Project represents an outstanding opportunity for the discovery of a large-scale porphyry copper/epithermal mineral system.
- Approvals for the Company’s maiden drilling program progressing, with drilling of these targets on track to commence in early 2023.
Valor Executive Chairman George Bauk said: “Picha is a standout exploration opportunity for large-scale porphyry discoveries in one of the world’s premier exploration jurisdictions for this style of deposit. The extensive amount of high-quality work completed by our team in Peru over the past eighteen months has now brought this project to the drill-ready status. The results of the September IP survey represent the cherry on the top of what is potentially a fantastic large-scale system.
“The delineation of two strong IP anomalies at Ichucollo and Huancune, coincident with extensive surface copper anomalism in the form of channel samples and rock chips, has increased the total strike length of IP targets to 6km. As a result, we now have an incredible pipeline of targets to test with the drill rig!”
The Picha Project is located in the Moquegua and Puno Departments of southern Peru within a highly prospective porphyry-epithermal copper-gold-silver district which also includes the Berenguela, San Gabriel and San Antonio De Esquilache polymetallic deposits (Figure 2).
The 7.6Moz AuEq Buenaventura SAA (NYSE:BVN) owned San Gabriel Gold-copper project lies just 14km south-east of the Huancune Target within the same northeast-southwest trending mineralised corridor. To the northwest of Picha, along the same regional geological trend, lies the Trapiche, Antilla and Pinaya Porphyry Cu-Mo-Au projects.
Click here for the full ASX Release
This article includes content from Valor 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.
VAL:AU
30 August 2023
Shareholders Approve Firetail Resources’ Acquisition of Peruvian Assets
Firetail received strong shareholder approval with 88 percent of votes in favor of the transaction
Firetail Resources (ASX:FTL) shareholders have approved the acquisition of up to 80 percent interest in Valor Resources’ (ASX:VAL) Picha and Charaque projects in Peru, according to an article published by The West Australian.
About 88 percent of Firetail’s shareholders voted in favour of the transaction, which is set to be completed in the first week of September 2023. The deal involves Firetail issuing an upfront payment of $550,000, 15 million shares and 20 million performance rights. In return, Valor will transfer 80 percent of the issued share capital of Kiwanda S.A.C, Valor’s wholly owned subsidiary which holds the mining concessions for the Peruvian assets.
The article also noted that Valor shall maintain a 20.58 percent stake in Firetail and a 20 percent interest in the acquired assets.
Firetail is advancing its drill planning for the Picha copper project in Peru with regulatory approvals already in place allowing up to 120 drill holes comprising up to 40 drill platforms with three holes per platform.
To read the full article, click here.
Click here to connect with Firetail Resources (ASX:FTL) for an Investor Presentation.
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21h
Exploration for Rare Earths to commence at Myoff Creek
14 July
Company Update - Name Change to 'American Uranium Limited'
10 July
Terra Clean Energy Ramps Up Summer Drilling Plans, Eyes Resource Update
Terra Clean Energy (CSE:TCEC,OTCQB:TCEFF,FWB:C9O0) President and CEO Greg Cameron outlines the company's upcoming summer drill program at the South Falcon East uranium project, building on strong results from a winter campaign at the Fraser Lakes B deposit.
“The plan is to get up to 2,500 meters back into this new area of interest. Hopefully drill into what we're defining as an unconformity basement-hosted uranium deposit with significantly higher grade than we currently have,” he said.
“We would have the ability to update that resource report in some fashion, maybe early 2026 or mid-2026, so those are the two key catalysts. But it's all about drilling and adding pounds to the current resource and, more importantly, significantly enhancing that grade which we think we have," Cameron added.
The 2025 summer drill program will target a priority zone identified in the winter campaign, where key geological features associated with high-grade uranium converge, further presenting a strong opportunity for high-grade discovery and resource expansion.
Watch the full interview with Terra Clean Energy president and CEO Greg Cameron above.
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10 July
Placement Shares Issued & Drilling Approval Expected August
09 July
Top 3 ASX Uranium Stocks of 2025
Uranium broke out in 2024, with the spot price rising to a 17 year high of US$106 per pound early in the year. Despite a pullback to about US$78, uranium is still more than 40 percent higher than it was two years ago.
Although the market is dealing with ample supply and uncertain demand in 2025, experts are predicting a bright future as countries around the world pursue energy security goals.
Against that backdrop, ASX-listed uranium companies have been making moves in 2025.
Below the Investing News Network has listed the top-performing uranium shares on the ASX by year-to-date gains. Data was gathered using TradingView's stock screener on July 3, 2025, and Australian uranium companies with market caps above AU$10 million at the time were considered. Read on to learn more about uranium firms and what they've been up to so far this year.
1. Boss Energy (ASX:BOE)
Year-to-date gain: 72.02 percent
Market cap: AU$1.84 billion
Share price: AU$4.18
Boss Energy is one of Australia’s largest uranium mining companies by market cap. The company has been ramping up production at its Honeymoon uranium mine in South Australia and its Alta Mesa uranium mine joint-venture in South Texas. Boss Energy holds a 30 percent stake in Alta Mesa, with the remaining 70 percent owned by enCore Energy (TSXV:EU,NASDAQ:EU).
So far in 2025, Boss Energy has expanded its holdings in Australia’s uranium sector. The company entered into a binding option and earn-in agreement in early March with Eclipse Metals (ASX:EPM), which will grant Boss Energy the option to earn up to an 80 percent interest in the Liverpool uranium project in the Northern Territory.
A few days later, Boss Energy increased its position in Laramide Resources (ASX:LAM,TSX:LAM,OTCQX:LMRXF) to 18.4 percent. Laramide’s flagship asset is the Westmoreland uranium project in Queensland. While the state currently holds a moratorium on uranium mining, Boss Energy Managing Director Duncan Craib stated the company is confident the Queensland government will “inevitably lift” the ban.
The company announced on June 18 that it had met its first-year production guidance of 850,000 pounds of U3O8 at Honeymoon for the fiscal year 2025.
Shares of Boss Energy reached their 2025 peak on June 30 at AU$4.67.
2. Aura Energy (ASX:AEE)
Year-to-date gain: 24 percent
Market cap: AU$146.04 million
Share price: AU$0.16
Aura Energy is exploring and developing uranium and polymetallic projects in Africa and Europe. The company’s most advanced asset is the Tiris uranium project in Mauritania. The 2024 FEED study on Tiris demonstrates the potential for a near-term, low-cost uranium mine producing 2 million pounds of U3O8 per year over a 25 year mine life.
Aura Energy is hoping to bring the Tiris uranium mine into production in 2027.
Additionally, Aura wholly owns the Häggån vanadium-potash-uranium project in Sweden, which contains one of the world's largest uranium deposits, according to the company. Sweden currently has a ban on uranium mining, but the country's current government is taking steps towards lifting it to support the country's nuclear energy production.
In early June, Aura shared that it is holding discussions with the Swedish government and entered a strategic collaboration agreement with fellow Australia-based, Sweden-focused company Neu Horizon Uranium.
Shares of Aura Energy hit a year-to-date high of AU$0.18 twice so far this year, most recently on June 30. This followed the June 26 release announcing the publishing of the Environmental and Social Impact Assessment on the US International Development Finance Corporation website. Aura applied to the organization for debt financing to cover a portion of development costs for Tiris.
3. Elevate Uranium (ASX:EL8)
Year-to-date gain: 16.98 percent
Market cap: AU$119.54 million
Share price: AU$0.31
Elevate Uranium is exploring and developing uranium projects in the top uranium producing nations of Namibia and Australia. Its project pipeline includes the Koppies and Marenica projects in Namibia, and the Minerva and Angela projects in Australia.
Koppies is its most advanced project and has a near-surface resource of 66 million pounds of U3O8.
Elevate has also developed the proprietary U-pgrade beneficiation process, which reduces ore mass by greater than 95 percent prior to leaching. This results in concentrated uranium with grades of about 10,000 parts per million uranium.
The company’s presentation released in mid-June outlines that its U-pgrade demonstration plant at the Koppies project will be operational by the end of 2025. Additionally, The company plans to begin a project study at Koppies in late 2025.
Shares of Elevate Uranium reached their 2025 peak on June 18 at AU$0.35.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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09 July
North Shore Uranium Engages Investing News Network
North Shore Uranium Ltd. (TSX-V:NSU) ("North Shore" or the "Company") is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the "INN Agreement") with Dig Media Inc. dba Investing News Network ("INN").
INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007 at www.investingnews.com. On July 4, 2025, the Company entered into the INN Agreement. The INN Agreement will be for a three-month term, with three equal payments of $2,750 that will be paid at the beginning of each month, totaling $8,250 (GST excluded). The INN Agreement will not automatically renew. INN will provide advertising to increase awareness of the Company with the first campaign commenced on July 4, 2025. INN does not provide Investor Relations or Market Making services. INN currently holds no common shares in the Company. INN and the Company are unrelated and unaffiliated entities.
The INN Agreement is subject to approval by the TSX Venture Exchange.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico (see news release dated June 24, 2025). North Shore is well-positioned to become a major force in exploration for economic uranium deposits. The Company is working to achieve this goal by exploring its Falcon and West Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan, expanding its exploration efforts to include the Grants Uranium District in New Mexico and by evaluating other quality opportunities in the United States and Canada to complement its portfolio of uranium properties. North Shore summarized exploration efforts at its Falcon property in a May 27, 2025, news release.
ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information:
Please contact: Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: b.clements@northshoreuranium.com
www.northshoreuranium.com
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.
Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "project", "appear", "interpret", "coincident", "potential", "confirm", "suggest", "evaluate", "encourage", "likely", "anomaly", "continuous" and variations of these words as well as other similar words or statements that certain events or conditions "could", "may", "should", "would" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the completion of the Offering; the completion and expected terms of the Transaction, the parties' abilities to meet the closing conditions of the Transaction, the number of securities to be issued by the Company in connection with the Transaction, receipt of all necessary approvals for the completion of the Transaction, the completion of satisfactory due diligence, execution of a definitive agreement, and the Company's ability to meet the terms of the Transaction; the highly speculative nature of the Transaction given the early-stage nature of Rio Puerco; the actual results of current and planned exploration activities including the potential for the definition of a mineral deposit of potential economic value at the Company's Falcon property in Saskatchewan; that drilling results, geophysical survey results and/or interpretations thereof are defining potentially mineralized corridors; results from future exploration programs including drilling; interpretation and meaning of completed and future geophysical surveys; conclusions of future economic evaluations; changes in project parameters as plans to continue to be refined; possible variations in grades of mineralization and/or future actual recovery rates; accidents, labour disputes and other risks of the mining industry; the availability of sufficient funding on terms acceptable to the Company to complete the planned work programs; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Click here to connect with North Shore Uranium Ltd. (TSXV:NSU) to receive an Investor Presentation
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