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Morning News Bites – September 9

In Today’s Morning News Bites for September 9. BHP conforms to hard borders and aims to hire from WA only and Oxford COVID-19 vaccine trial on hold over ‘potentially unexplained illness’. 

Western Australian nickel company St George Mining Limited is pleased to announce further strong drill results at its flagship Mt Alexander Project, located in the north-eastern Goldfields. Multiple intersections of mineralised mafic-ultramafic units across a 4km-long east-west strike of the Cathedrals Belt with a target horizon open to the east and west. Outstanding potential for the discovery of further nickel-copper sulphide deposits along strike to the east and west of these drill holes as well as up-dip and down-dip of the mineralised intercepts.

Lithium Australia announces its Share Purchase Plan, which launched on 12 August 2020, closed on 7 September 2020 with applications for $4.5 million. Managing Director Adrian Griffin commented, saying “We are very pleased that our shareholders backed the Company’s vision of sustainability in the energy metals space. The additional funds raised will allow all debt to be retired, improving the Company’s balance sheet and accelerating the expansion of Envirostream, our battery recycling subsidiary.”

Mincor Resources NL report highgrade massive and matrix nickel sulphide mineralisation at its Cassini North prospect, located 700m to the north of its cornerstone Cassini Main deposit at Kambalda, Western Australia. This is the first diamond hole drilled at Cassini North following a recent reassessment and geological re-modelling of the area completed by Mincor’s exploration team. MDD350 returned a significant intercept of 2.5m @ 6.6% Ni (including a higher-grade core of 2.0m @ 7.7% Ni), comprising a mix of high tenor massive and matrix nickel sulphides. Mincor’s Managing Director David Southam said, “This is a really exciting development which stems directly from the systematic approach which the geology team has adopted to nickel sulphide exploration.”

The Hamilton Copper Project in north-west Queensland has been successfully completed with a total of seven holes for 2,098m drilled under AusQuest Limited Strategic Alliance Agreement with South32. The drilling program has provided an approximate 500m spatial coverage around earlier drillholes, which provided strong indications of alteration
and the potential for nearby copper mineralisation. Managing Director, Graeme Drew, said the successful completion of the Hamilton drilling program was pleasing, particularly given that travel restrictions are still in
place due to COVID-19. “We are now eagerly awaiting assay results so we can identify potential ‘vectors to ore’, given that the holes were drilled so far apart to cover the large scale of the prospect,” he said.

Cyprium Metals Limited has provided an update, announcing granting of the mining lease at the Cue Copper Project, which replaces the Hollandaire exploration tenement and a portion of the Rapier exploration tenement. Cyprium has applied for exploration tenements to the west and east of the Nanadie Well CopperGold Project, to expand our regional presence in the area and increase the projects exploration prospectivity. The Nanadie Well Copper-Gold Project also has the Stark Cu-Ni-PGE prospect along with a number of drill ready targets that offer excellent exploration upside. Executive Director Barry Cahill commented, saying “We are pleased that the mining lease has been granted to remove any uncertainty over the timing of when mining operations could potentially commence, following the successful completion of favourable Cue Copper Project scoping and feasibility studies.

 

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