A recent report has outlined that Port Hedland contributed $54.7 billion to the WA economy for FY 18/19.
- Targets have been identified for the upcoming drill program at Castillo Copper Arya within the Mount Oxide Pillar. Of the three bedrock conductors identified at the Arya prospect, the primary target (EG01) is interpreted to be a massive sulphide conductor with exceptional dimensions: circa 130m inferred thickness, circa 1,500m by 450m. According to Castillo Copper’s Chairman Rob Scott “Castillo Copper’s Mt Oxide pillar has emerged as a significant new exploration project in the Mt Isa copper-belt in Queensland. Historic ground & aerial electromagnetic geophysical surveys identifying substantial drill targets up to 130m thick, provides an exciting opportunity with clear upside for our stakeholders.” While Ged Hall who is a London based director of Castillo indicated the geology team are ready to move and the target is the shining light of the Mt Oxide Pillar “The 130m thickness and dimensions of the primary massive sulphide target at the Arya prospect are off the charts compared to anything else uncovered in the Mt Oxide pillar to date.”
- Several drill results are in for Ramelius Resources across its WA sites. The highlight being deeper infill RC and diamond drill results at Penny West which gave 4m at 18.06 g/t Au from 216m, including 2m at 31.63 g/t Au and 3m at 18.42 g/t Au from 184m, including 2m at 27.39 g/t Au. Magenta – north of Penny West also delivered good results from infill & step-out shallow oxide RC drilling. While other results from Stage 2 Eridanus open pit design at Mount Magnet and Edna May in the WA Wheatbelt. Ramelius Managing Director, Mark Zeptner was buoyed by the results saying “The latest exploration drilling results at Penny are further testament to the Project’s potential to deliver additional resources and reserves for the Company. Beyond Penny, we are buoyed by new drill results at Mount Magnet and along the Westonia/Holleton and Tampia greenstone belts. These should aid in further consolidating Mount Magnet and Edna May as significant long-term production centres for the Company.”
- A maiden Resource Estimate has been released for Canterbury Resources Briggs Copper development in Queensland. A JORC compliant Inferred Mineral Resource estimate of 142.8 Mt at 0.29% copper (0.2% copper cutoff) for the Central Porphyry zone at the Briggs Copper Project (containing 414,120t copper metal has been revealed by Canterbury. Planning is now in place for the next stage which will include a significant diamond drilling component. Canterbury Managing Director Grant Craighead said “We are very pleased to announce our maiden Mineral Resource estimate for Briggs, which confirms the large-scale attributes of the deposit. To date we have only tested the Central Porphyry zone with broad spaced drilling. It is anticipated that proposed infill and extension drilling programs in 2020/21 will add to our understanding of higher-grade features that are evident in the system, as well as adding substantially to the overall scale of copper resources in the immediate region.”
- A desk top study of Golden Deeps Havilah and Tuckers Hill Gold Projects is underway. The study is in the process of identifying gold and base metal targets. Fieldwork will also get underway when travel restrictions due to COVID-19 ease. This comes after Golden Deeps acquired extract minerals in May which included these two projects in the Lachlan Folds belt in New South Wales.
- Planning for ground based electromagnetic geophysical surveys over the two current nickel sulphide prospects for Toro Energy is underway. In a statement released to the market, Toro Executive Chairman Richard Homsany said “After the significant confirmation of the discovery of nickel sulphides at Dusty, the Board is very pleased to also announce that preparations for ground based electromagnetic geophysical surveys have commenced. Gold and nickel evaluation activities and drilling are expected to commence very soon at Yandal. The acquisition of geophysical data will assist us to ensure targeted and cost effective drilling is continued in this next campaign. In addition to the outstanding Dusty nickel discovery, the prospectivity of the Yandal One Nickel Prospect remains a valuable part of the Yandal Project. Therefore, a ground based EM survey is being planned over it.” The two prospects are on the Yandal Gold Project east of the Mt Keith nickel deposit.