Astral Resources posted its fifth MRE upgrade of the Mandilla Gold Project in WA. The MRE total is now 1.27Moz of contained gold at the project site. The share price rose 5.48% by midday on the news as investors now look for the scoping study for mining the site due in early 2024.
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Metallica Minerals released its DFS forecasting lifetime revenue from its Cape Flattery Silica Sand Project of $2.910 million over 25 years of the project, with an IRR of 32.2%. Shares were up by 8.7% on the news today.
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Mako Gold updated its testing surrounding its main MRE resource at its Napié Gold Project in Côte d’Ivoire. RC drilling confirmed multiple zones spanning off the central sheer of the highly prospective mine. Shares were down by 3.23% today, trading at three cents per share.
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Patriot Battery Metals today announced the positive results from its preliminary heavy liquid separation testing from core samples extracted from lithium prospects in James Bay, Quebec. The results indicate 6% Lithium spodumene concentrate with 70% recovery.
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Galan Lithium completes its Phase 1 DFS with impressive results of projected production of 5,367tpa with an NPV of $460 million. The company has announced they intend to speed up future growth and expansion as a result.
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WA1 posts updated results from the Luni discovery showing the expansion of the Niobium resources findings. Estimates are due in six months, but findings could already be strategic.
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Invictus Energy shares are up 6.82% today after the company announced it is on track to spud in Q3 of this year and has awarded service contracts to several oilfield service providers for its Cabora Bassa Project in Zimbabwe.
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Gold Road Resources announced its lowered annual forecast from the WA Gruyere Gold Mine project after its shares tanked by 8.45%, although it retains a positive long-term outlook.
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Lake Resources shares are down by 19.47% today after announcing the delayed development of two 25Ktpa plants to produce battery-grade lithium at its Argentinian Kachi brine project.
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Emerging battery minerals company Lithium Energy has announced a doubling of its total graphite inventory across company’s Burke Projects in Queensland.
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