Helix Resources is a standout ressie gainer today. It\u2019s broadened its copper-gold hunt in the Cobar region
\nMTM Critical Minerals has good news about FJH technology development
\nBlackstone, Raiden and Nagambie are all double-digit gaining, too\u00a0<\/p>\n
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Here are some of the biggest resources winners in early trade, Monday June 24.<\/em><\/p>\n \u00a0<\/p>\n This Cobar-region copper\u2019n\u2019gold-hunting microcap has flagged further positive results in its search for new copper-gold deposits from the auger geochemical sampling program in the Eastern Group tenements,\u00a0 ~40km southeast of Nyngan in central NSW.<\/p>\n More specifically, new assays from shallow auger drill samples have delineated two new areas of widespread gold and antimony anomalism referred to as the Iowaba and Tarawera targets.<\/p>\n The company notes that these new anomalies occur 20km and 35km north of the newly identified Aldebaran 1 prospect, significantly extending the copper-gold prospectivity of the Collerina Copper Trend in Helix\u2019s Eastern Tenement Group.<\/p>\n Helix\u2019s MD Kylie Prendergast said, among other things:<\/p>\n \u201cThe prospective corridor, we refer to as the Collerina Copper Trend, extends south from the Aeris copper tenements through Helix\u2019s Eastern Group Tenements for over 100km of strike length.<\/p>\n \u201cThe new auger results, which only test part of this corridor, continue to confirm this is a major prospective zone with signatures indicative of copper-gold mineralisation such as those occurring at Aeris\u2019 Tritton Copper Operations \u2013 which have been producing 20-30ktpa of copper plus gold for the past 30 years.\u201d<\/p>\n \u00a0<\/p>\n MTM Critical Metals is going for gold and other precious and critical minerals in WA and also over in Canada.<\/p>\n Why\u2019s MTM beautly in double digits territory intraday? Let\u2019s see\u2026<\/p>\n The company has announced \u201csignificant progress and promising developments\u201d in the application and commercialisation of FJH technology.<\/p>\n Whatwetalkin\u2019aboutWillis?<\/p>\n FJH stands for\u00a0Flash Joule Heating (FJH) technology.<\/p>\n Essentially what MTM has been doing is prototype testing critical metal recovery from coal fly ash (CFA). And it\u2019s reportedly seen \u201chighly encouraging results\u201d now this stage is completed.<\/p>\n Testing is now underway on e-waste and bauxite residue (red mud) from feedstock supplied in US.<\/p>\n Here\u2019s chairman John Hannaford, who explains things better from his company\u2019s perspective:<\/p>\n \u201cMTM is revolutionising how metals are recovered from ores and waste, achieving several strategic advancements this past quarter, including the completion and continuation of successful waste-to-metal recovery trials.<\/p>\n \u201cWe have also broadened the potential scope of FJH by identifying key industry challenges where it could deliver substantial benefits, including in lithium and REE extraction, and other mineral processing applications.<\/p>\n \u201cFJH\u2019s test work is investigating the potential applications of the technology can lead to savings in energy, water and reagent usage, carbon emissions and cost, seeking to address some of the most pressing issues faced in the industry today.\u201d<\/p>\n \u00a0<\/p>\n Battery metals junior Blackstone is more than 20% up today after announcing it\u2019s raked in $1 million as an advance from a research and development lending fund backed by Asymmetric Innovation Finance and Fiftyone Capital.<\/p>\n This reportedly comes as part of Blackstone\u2019s future 2024 refundable tax offset for R&D expenditure.<\/p>\n The company notes the funding will be used to help develop Blackstone\u2019s \u201cTa Khoa Refinery process\u201d and its \u201cunique strategy to convert nickel concentrate blends into battery products in the form of precursor cathode active material (pCAM)\u201d.<\/p>\n BSX is decently funded already, and will have a cash position of ~$4.1 million following receipt of the advance.<\/p>\n Blackstone\u2019s MD Scott Williamson said: \u201cThe additional funding allows Blackstone to complete the Ta Khoa Refinery definitive feasibility study over the coming months and continue to progress the joint venture partnership process for the Ta Khoa Project in Vietnam.\u201d<\/p>\n \u00a0<\/p>\n (Up on no news)<\/strong><\/em><\/p>\n This lithium hunter (among other critical minerals) is also a notable ressie-pack mover at the time of writing.<\/p>\n Not seeing any fresh reports, so here\u2019s some of the company\u2019s recent news:<\/p>\n A Stockhead May 16 report\/interview<\/a>, in which Raiden\u2019s MD \u2013 experienced geologist Dusko Ljubojevic \u2013 discussed at length the latest on several of the company\u2019s projects including Arrow Gold, Mt Sholl Ni-Cu-PGE, and its key focus at Andover South and North lithium.<\/p>\n The company has recently finalised an earn-in agreement with Mallina Co in regards to Arrow, as well as received a final heritage survey report over its targets at Andover South.<\/p>\n Also, roughly a month ago, according to an ASX announcement, Raiden revealed that the final heritage report received for its Andover North project effectively allows the company to finalise drilling program across all Andover permits.<\/p>\n \u00a0<\/p>\n (Up on no news)\u00a0<\/strong><\/em><\/p>\n Gold explorer Nagambie Resources\u2019 share price has been chopping about this year, but it\u2019s in the double-digits green again today.<\/p>\n We\u2019re not seeing any fresh announcements today, so we\u2019ll revert a bit\u2026 to this\u2026<\/p>\n Nagambie Resources Executive Chairman, Mike Trumbull commented on the major Victorian high-grade #antimony<\/a>\u2013 #gold<\/a> discovery: \u201cThe Company\u2019s antimony-gold resource drilling program has been an outstanding success.https:\/\/t.co\/2ivwuCY1ew<\/a> $NAG<\/a> $NAG.ax<\/a> #drilling<\/a> #ASX<\/a> pic.twitter.com\/bazOiNHtUR<\/a><\/p>\n \u2014 Nagambie Resources (@NagambieASX) July 3, 2023<\/a><\/p>\n\n \u2026 and this:<\/p>\n Almost exactly a month ago, the company has announced a maiden JORC resource for the shallow, high-graded gold mineralisation at its namesake gold and antimony mine in central Victoria.<\/p>\n Some specifics. The company\u2019s talking an Inferred Resource here, of 415,000 tonnes averaging 11.5g\/t gold equivalent and comprising 3.6g\/t gold plus 4.3% antimony.<\/p>\n It also noted that the in-ground metal content of 153,000 ounces gold equivalent, comprises 47,800 ounces gold plus 17,800 tonnes antimony and the average 11.5g\/t gold equivalent resource grade is 230% of the mineable cut-off grade of 5.0g\/t AuEq.<\/p>\n This, says NAG, indicates a high-margin orebody at the Nagambie mine, where there are four shallow gold-antimony lode systems all open and at depth.<\/p>\n Nagambie chairman Tom Quinn described the maiden JORC Resource for the high-grade discovery as a \u201cwatershed moment\u201d for the company, adding that \u201cit comes in the context of recent all-time record-high gold prices and strong prices for antimony, an essential metal for military uses and high-performance solar panel manufacture.\u201d<\/p>\n \u00a0<\/p>\n At Stockhead we tell it like it is. While Raiden Resources is a Stockhead advertiser at the time of writing, it did not sponsor this article.\u00a0<\/em><\/p>\n The post Resources Top 5: Helix extends its Cobar copper-gold hunt; MTM does wonders with coal fly ash<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Helix Resources (ASX:HLX)<\/strong><\/a><\/h2>\n
MTM Critical Metals (ASX:MTM)<\/strong><\/a><\/h2>\n
Blackstone Minerals (ASX:BSX)<\/strong><\/a><\/h2>\n
Raiden Resources (ASX:RDN)<\/strong><\/a><\/h2>\n
Nagambie Resources (ASX:NAG)<\/strong><\/a><\/h2>\n