Canadian lithium and pollucite hunter Burley Minerals is a ressie-pack standout today
\nHaranga also up there, thanks to its uranium project in Senegal
\nWIN, MM1 and TG1 also winning at the time of writing<\/p>\n
Here are some of the biggest resources winners in early trade, Tuesday December 12.<\/p>\n
\u00a0<\/p>\n
If you\u2019ve been feeling starved of pollucite news of late, you\u2019re in luck, because Burley Minerals has some from its project in Quebec, Canada.<\/p>\n
The company reports that it\u2019s found high-value pollucite mineralisation in the spodumene-bearing Main Dyke at Chubb Central.<\/p>\n
What\u2019s pollucite used for? Aside from this, which is obviously very important\u2026<\/p>\n\n
\u2026 it\u2019s a premium caesium-bearing mineral and is used in the production of biodegradable drilling fluid used in large-scale drilling (often oil well) projects. Handy stuff.<\/p>\n
Decent lithium results were also revealed, with 5.3m at 2.3% Li2O (including 2.3m at 3.9% Li2O) intersected immediately adjacent to the pollucite zone.<\/p>\n
Burley Minerals non-executive director David Crook said:<\/p>\n
\u201cTo date, deposits of pollucite have not been large, but quality pollucite is a critical mineral of high value, and only three pollucite mines have operated world-wide.<\/p>\n
\u201cOne of those mines was the Sinclair Caesium Mine near Norseman, Western Australia, which was profitably mined by Pioneer Resources Limited when I was Managing Director.<\/p>\n
\u201cBurley will benefit from having two of the key Sinclair team involved in the Chubb project.\u201d<\/p>\n
BUR share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Uranium is \u201chaving a moment\u201d of late, and Haranga is right in there, gaining its slice of the yellowcake.<\/p>\n Where\u2019s \u2018there\u2019? The Saraya uranium project in Senegal, where a major drilling program is in the works.<\/p>\n The company has just secured itself an RC drilling rig for its December drilling campaign at the Senegal site, as well as delivering an exploration update this morning.<\/p>\n From the latter, we can glean:<\/p>\n \u2022 The drilling campaign \u2013 for a minimum 4,000m and max 6,000m \u2013 is set to run until the end of February.<\/p>\n \u2022 Assay results are expected some time after that \u2013 February through to April.<\/p>\n As Stockhead\u2019s Michael \u201cWashy\u201d Washbourne recently reported<\/a>:<\/p>\n \u201cIt has been a busy few months for the relative newcomer to the niche pod of ASX-listed uranium players with an inferred resource of 12.5Mt @ 587ppm eU3O8 for 16.1Mlb defined over Saraya, $2.86 million raised for the next phase of exploration and experienced uranium executive Peter Batten joined the company as managing director, all since the beginning of September.<\/em><\/p>\n \u201cSpeaking to Stockhead\u00a0recently about his appointment, Batten suggested his return to the yellowcake sector \u2013 he was previously managing director of Namibian uranium hopeful\u00a0Bannerman Energy (ASX: BMN)<\/a>\u00a0in the mid-to-late 2000s \u2013 could not have be better timed, if market forecasts are to be believed.<\/em><\/p>\n \u201cThis next bull run in uranium has been coming since 2010,\u201d Batten said.<\/em><\/p>\n \u201cThe fundamentals were building up, there was an 8-10Mlbpa shortfall, everybody was talking about the uranium cliff before Fukushima happened and all of a sudden there was 10Mlb of uranium floating in the system with no home to go to.<\/em><\/p>\n \u201cThere\u2019s currently 458 operating reactors, there\u2019s 58 under construction at the moment and there\u2019s another 104 that are planned. So it does seem that this interest in uranium can be sustained.\u201d<\/em><\/p>\n HAR share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n (Up on no news)<\/strong><\/em><\/p>\n This Western Australian nickel and lithium developer\/explorer is up and to the right thanks to\u2026 not too much that\u2019s fresh this week.<\/p>\n There was a notification to the ASX regarding unquoted securities yesterday\u2026<\/p>\n\n \u2026 but other than that, let\u2019s revert to some of its most recent positive news.<\/p>\n The company has been hitting high grade nickel at its 132N project of late, which is\u00a0about 6km north west from the Goldfields ghost town of Widgiemooltha and roughly 100km south of Kalgoorlie.<\/p>\n 132N forms part of the company\u2019s expansive Mt Edwards project.<\/p>\n In late November, infill drilling confirmed high grade mineralisation below Widgie\u2019s 132N open pit, with assays of up to 25.95% nickel.<\/p>\n \u201cUltra-high grade pods defined within mineralised channel flows,\u201d said Widgie, with mineralisation remaining open at depth and the structure\u2019s \u201clower channel flank unconstrained\u201d.<\/p>\n An updated Mineral Resource Estimate is set to be completed in early 2024.<\/p>\n $WIN<\/a> Widgie Townsite deposit, within the Mt Edwards #Nickel<\/a> Project, offers a real opportunity for resource growth.<\/p>\n Significant intercepts at Widgie Townsite include 30.85m @ 1.59% Ni from 435m incl 13.43m @2<\/a>.74% Ni from 449.7m.<\/p>\n Learn more: https:\/\/t.co\/oXom6gyRwM<\/a>$WIN.AX<\/a> #ASX<\/a> pic.twitter.com\/tPDH4zhiEE<\/a><\/p>\n \u2014 WidgieNickel (@WidgieNickel) December 5, 2023<\/a><\/p>\n\n WIN share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Gold\u2026<\/em> White\u2026 finger \u2013 he\u2019s the man, the man with the Midas touch<\/em>.<\/strong><\/p>\n Midas Minerals has been focused on white gold (that\u2019d be lithium) for some time now.<\/p>\n It is one of many small goldies that made the pivot to the great battery metal hunt near and far, in this case over in resources-rich Canada.<\/p>\n News?<\/p>\n Midas\u2019 Argus pegmatite discovery at its Reid-Aylmer project in the country\u2019s northwest has returned up to 7.25% Li2O from rock sampling. That\u2019s some pretty high grade stuff right there.<\/p>\n Argus is 30m wide and extends for at least 450m. In addition to the headlining grade, latest assay results from some 39 samples include: 5.55% Li2O, 5.12% Li2O and 3.97% Li2O.<\/p>\n Numerous pegmatite targets are apparently yet to be inspected over 157km2 project area, and with new claims granted, Midas notes it will get be seeking a drill permit application immediately.<\/p>\n We’ve discovered a new #pegmatite<\/a> at our Reid-Aylmer #Lithium<\/a> Project in Northwest Territories, #Canada<\/a>. Argus is up to 30m wide and at least 450m long, returning up to \ud835\udff3.\ud835\udfee\ud835\udff1% \ud835\udddf\ud835\uddf6\ud835\udfee\ud835\udde2 from sampling: https:\/\/t.co\/W1BQGhnL3G<\/a><\/p>\n Application for drill permitting is underway #MM1<\/a> pic.twitter.com\/YyMDCPSJRr<\/a><\/p>\n \u2014 Midas Minerals (@MidasMinerals) December 11, 2023<\/a><\/p>\n\n Midas MD Mark Calderwood said: \u201cOur recent discovery of the large Argus pegmatite at Reid-Aylmer represents an excellent, potentially high-grade, lithium drill target.<\/p>\n \u201cThe pegmatite is metasediment hosted and contains abundant coarse white to grey spodumene. We are itching to get back on the ground to see how many other pegmatites in the various swarms located on the Reid-Aylmer claims might contain spodumene, and mapping will commence after the snow melt.\u201d<\/p>\n Source: Midas Minerals ASX announcement<\/p>\n MM1 share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n \u00a0<\/p>\n Self described as \u201cthe only junior explorer with 100% ownership of 3 gold & copper areas in Western Australia\u201d, TG1 (not to be confused with TG Metals (ASX:TG6)<\/strong><\/a>) is up a very handy 46% over the past month and another 14% today.<\/p>\n News? Some, yeah. The company has provided an exploration update regarding its Ida Valley lithium project, which is some 50km north along strike from Delta Lithium\u2019s (ASX:DLI)<\/strong><\/a> impressive Mt Ida Lithium deposit and 100km south of Liontown Resources\u2019 (ASX:LTR)<\/strong><\/a> headline-hogging Kathleen Valley deposit in Western Australia.<\/p>\n The Ida Valley project comprises two granted exploration licences and lies within the northern sector of the renowned Norseman-Wiluna Greenstone Belt.<\/p>\n Priority lithium targets have now been identified by the company after some 1,219 soil samples were completed to assess the project\u2019s prospectivity for LCT style pegmatite action.<\/p>\n \u201cSoil anomaly peaks of 144.5ppm Lithium and 49.8ppm Caesium,\u201d highlighted TechGen.<\/p>\n ASX Announcement: Ida Valley Priority Lithium Geochemical Targets. Read full announcement here https:\/\/t.co\/BhwIFDYgjM<\/a>#lithium<\/a> #pegmatites<\/a> #caesium<\/a> #gold<\/a> #Exploration<\/a> #MiningStocks<\/a> #Mining<\/a> #stockmarket<\/a> #ASX<\/a> $TG1 pic.twitter.com\/uO2a8k3SUk<\/a><\/p>\nHaranga Resources (ASX:HAR)<\/strong><\/a><\/h2>\n
Widgie Nickel (ASX:WIN)<\/strong><\/a><\/h2>\n
Midas Minerals (ASX:MM1)<\/strong><\/a><\/h2>\n
TechGen Metals (ASX:TG1)<\/strong><\/a><\/h2>\n