Cooper Metals makes a super start to the day\u2019s proceedings on its best-yet copper results in Mt Isa, Qld
\nMetal Bank also has high-grade copper news\u2026 all the way from Jordan in the Middle East
\nAlso making gains: MetalsTech, Western Yilgarn and Kingfisher Mining<\/p>\n
Here are the biggest resources winners in early trade, Tuesday November 14.<\/p>\n
\u00a0<\/p>\n
Cooper Metals raised the bat this morning after notching a ton in percentage gains on the back of very positive assay results from its Brumby Ridge and Raven copper-gold prospects at its Mt Isa East project in northwest Queensland.<\/p>\n
The assay highlight in chief comes from the initial RC drill hole 23MERC024 at Brumby, which saw an interception of 50m at 1.32% Cu from 80m including 2m at 6.1% Cu and 0.23g\/t Au.<\/p>\n
Drilling at Brumby Ridge has also intercepted 72m at 1.5% Cu from 113m to end of hole, and mineralisation at the prospect is open in all directions, appearing to be improving with depth.<\/p>\n
At Raven, meanwhile, the stats include: 15m at 1.0% Cu and 0.1 g\/t Au from 35m within a wider intercept of 28m at 0.63% Cu & 0.061 g\/t Au from 34m.<\/p>\n
Further assay results from both prospects are due in December.<\/p>\n
Source: Cooper Metals ASX announcement<\/p>\n
Cooper Metals MD Ian Warland seems pretty stoked about it:<\/p>\n
\u201cTo say we are pleased with the results of the initial scout drilling on five Cu-Au prospects is an understatement. The Brumby Ridge drill intercept is the single strongest mineralised intercept drilled by Cooper Metals in the last two years.<\/p>\n
\u201cRaven continues to expand with another great intercept into a home-grown conceptual target. These two prospects are now the Company\u2019s main focus and are being followed up as we speak.\u201d<\/p>\n
CPM share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Copper, gold and cobalt developer Metal Bank has some high-grade copper news from its\u00a0Malaqa project all the way over in Jordan.<\/p>\n Rock chip analysis has confirmed\u00a0up to 8.70% copper from the Malaqa NW area ~3km from the historic Um el Amad mine, and up to 2.51% copper in closer vicinity to said mine.<\/p>\n The company notes that its results come from similar host rocks as the Um el Amad mine, which support \u201ca regional Cu blanket\u201d, which sounds comforting.<\/p>\n Exploration work is ongoing, with further regional work planned in November and December.<\/p>\n High-grade #Copper<\/a> results continue at Malaqa, Jordan<\/p>\n Rock chips return up to 8.70% Cu from new areas at Malaqa NW, 3km from Um el Amad mine<\/p>\n Read more: https:\/\/t.co\/hFC4OOAe1o<\/a> $MBK<\/a> $MBK.ax<\/a> #Jordan<\/a> #exploration<\/a> #ASX<\/a> pic.twitter.com\/v83eAbweVh<\/a><\/p>\n \u2014 Metal Bank Limited (ASX:MBK) (@MBKMinerals) November 13, 2023<\/a><\/p>\n\n Metal Bank\u2019s chair In\u00e9s Scotland said:<\/p>\n \u201cOur work completed to date clearly indicates the potential scale of copper mineralisation throughout the Malaqa area.<\/p>\n \u201cOur work will now focus on identifying and expanding understanding of these mineralised units, both at surface and under shallow cover, to refine target areas for priority drill testing early next year.\u201d<\/p>\n Hang on, the project\u2019s in Jordan \u2013 which isn\u2019t far from a certain major conflict currently playing out to devastating effect. Is this a concern for project operations?<\/p>\n Scotland, currently over there with his exploration team, noted: \u201cI can report that the security situation here is consistent with the Australian and UK travel advisories as secure, and is not hindering MBK exploration activities.\u201d<\/p>\n MBK share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n MetalsTech, a long-time gold project developer which joined the lithium hunt this year, is up on the release of a \u2018robust\u2019 scoping study regarding its Sturec gold mine in Slovakia.<\/p>\n According to MTC, the study, completed by independent consultant JP-Ant Geoconsulting, highlights\u00a0\u201chighly encouraging economics and technical viability\u201d for the mine, emphasising its potential to become a low-cost gold and silver concentrate producer\u201d.<\/p>\n The study determined that an underground mining operation \u201cwith a plant throughput of 2.3Mtpa and mine life of 9 years using tailings co-disposal in waste dumps\u201d will be the highest value development option.<\/p>\n MetalsTech Director Gino D\u2019Anna said: \u201cCompletion of Sturec\u2019s updated Scoping Study marks a significant milestone achievement for the company and brings with it the rebirth of one of Slovakia\u2019s historic mining operations.\u201d<\/p>\n MTC share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n WA-focused junior critical minerals explorer Western Yilgarn is up more than 20% at the time of multi-tasking \u2013 coffee sipping and price checking. (Who said blokes can\u2019t do it?)<\/p>\n But speaking of multi-tasking, WYX has a good handful of highly prospective projects across Western Australia, and its Julimar West PGE operation in today\u2019s spotlight \u2013 thanks to the state government granting an exploration licence at the location.<\/p>\n This is big news because Julimar West is within spitting distance (if you can spit 2.5km) of the world-class Gonneville Ni-Cu-PGE discovery that belongs to Chalice Mining\u2019s (ASX:CHN)<\/strong><\/a> Julimar project.<\/p>\n Chalice\u2019s interpreted fault runs right into the Julimar West project area with mineralisation dipping towards the newly granted Julimar West licence.<\/p>\n #JulimarWest<\/a> EL located adjacent to Chalice Mining\u2019s (ASX: CHN) Julimar Ni-Cu-PGE Project in Western Australia has been granted. An airborne EM survey to commence, testing for extensions & repetitions of the Gonneville style of mineralisation. \u2014 Western Yilgarn (@WesternYilgarn) November 13, 2023<\/a><\/p>\n\n The WA gov\u2019s Department of Mines, Industry Regulation and Safety has granted the Julimar West Licence to Western Yilgarn for what\u2019s a standard period \u2013 five years \u2013 and it will enable the company to kickstart its major exploration at the site, which will begin with a helicopter-borne electro-magnetic survey to define disseminated massive sulphide targets to over 500m vertical depth.<\/p>\n Western Yilgarn\u2019s chairman, Peter Lewis, notes the licence has been highly anticipated, calling it a \u201cpivotal moment in Western Yilgarn\u2019s journey towards developing a successful exploration company\u201d.<\/p>\n WYX share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Like a bunch of other ASX-listed explorers, Kingfisher is hunting minerals in WA\u2019s highly prospective Gascoyne region<\/a>. And why not \u2013 it\u2019s worked out pretty well so far for big-mining-gun-attracting Delta Lithium (ASX:DLI)<\/strong><\/a>.<\/p>\n KFM is moving nicely up and to the right today on the back of identifying additional carbonatites and REE mineralisation at its Mick Well prospect in the region.<\/p>\n Per this morning\u2019s ASX release, highlights are as follows:<\/p>\n \u2022 Significant new strike lengths of REE mineralisation discovered from reconnaissance mapping close to recently identified gravity targets.<\/p>\n \u2022 Substantial REE system confirmed, with more than 13.5kmo f mineralisation mappeds o far within a 7km by 4km carbonatite complex.<\/p>\n \u2022 Assays from carbonatites and additional REE mineralisation expected in November, while fieldwork continues in the meantime.<\/p>\n Outcropping REE-bearing ferrocarbonatites and monazite-rich veins at Mick Well. Source: KFM ASX announcement.<\/p>\n Kingfisher boss James Farrell said:<\/p>\n \u201cThe latest discoveries confirm Mick Well is a very large and exciting REE system that extends over an area of mor ethan 7km by 4km.<\/p>\n \u201cOur ongoing fieldwork has also identified outcropping ferro carbonatites together with monazite veining proximal to the recently identified carbonatite plug targets. These are the main ingredients for the world\u2019s largest REE resources.\u201d<\/p>\n KFM share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n \u00a0<\/p>\n At Stockhead we tell it like it is. While Western Yilgarn is a Stockhead advertiser at the time of writing, it did not sponsor this article.<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 5: Cooper Metals investors riding with the horses on Brumby Ridge copper results<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Metal Bank (ASX:MBK)<\/strong><\/a><\/h2>\n
MetalsTech (ASX:MTC)<\/strong><\/a><\/h2>\n
Western Yilgarn (ASX:WYX)<\/strong><\/a><\/h2>\n
Read: https:\/\/t.co\/qOlPRzVskP<\/a>$WYX<\/a> pic.twitter.com\/JvaVHL8ofy<\/a><\/p>\nKingfisher Mining (ASX:KFM)<\/strong><\/a><\/h2>\n