Global Uranium and Enrichment Ltd commits to Enmore gold project for six years
\nAustralian Vanadium up on downstream facility completion in Perth<\/p>\n
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Here are some of the biggest resources winners in early trade, Friday December 15.<\/em><\/p>\n \u00a0<\/p>\n Formerly known as Okapi Resources (ASX:OKR)<\/strong><\/a>, GUE is up and to the right today on a yellow metal narrative first, followed by its namesake yellowcake.<\/p>\n It\u2019s just revealed its exploration licence for the Enmore gold project \u2013 in the New England Fold Belt in NSW about\u00a0 30km south of Armidale in NSW \u2013 has been renewed for another six years.<\/p>\n The company compares the project with the nearby\u00a0 Hillgrove Gold Mine, which belongs to Larvotto Resources (ASX:LRV)<\/strong><\/a> and has produced more than 730,000oz of gold.<\/p>\n By comparison, Enmore is largely underexplored, hence the company\u2019s interest.<\/p>\n A maiden drill program completed in 2021 delivered strong results at Enmore, including 174m at 1.83g\/t goldfrom surface, ending in mineralisation, with the deepest interval returning 3m at 8.86g\/t gold from 171m.<\/p>\n A follow-up drill program in 2022 confirmed the high-grade gold mineralisation over significant widths.<\/p>\n Says GUE MD Andrew Ferrier:<\/p>\n \u201cThis renewal is a critical milestone as we progress discussions with potential project partners for Enmore. Our renewal decision is of particular significance given the favourable conditions and strong outlook for the gold market, with prices reaching all-time highs above A$3,000\/oz.\u201d<\/p>\n Meanwhile, the company also has uranium news out of Colorado, posting this tweet\u2026<\/p>\n $GUE<\/a> is pleased to a announce the delivery of a high-grade Exploration Target of 4.3\u2013 3.3Mlbs U3O8 at a grade range of 587\u20131,137ppm U3O8 \u2014 Global Uranium and Enrichment (@Global_Uranium) December 14, 2023<\/a><\/p>\n\n GUE share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Vanadium \u2013 the oft neglected critical mineral and battery metal \u2013 is in the spotlight on the bourse this morning, thanks to an announcement from AVL, a significant producer and manufacturer focused on vanadium electrolyte.<\/p>\n The Perth company has now completed construction of its vanadium electrolyte manufacturing facility \u201cwithout injury\u201d, it says. Which is always a plus.<\/p>\n AVL notes the facility, in the northern suburbs of Perth, has potential to produce up to 33MWh of high purity electrolyte per year. It adds that its vanadium electrolyte product comes at the right time \u2013 \u201cinto a growing demand market and allows for qualification of AVL material with battery manufacturers\u201d.<\/p>\n The construction of the facility has been supported by a $3.69 million Australian Government Modern Manufacturing Initiative grant, which backs up a strategic shift to invest in local downstream processing capabilities in Australia\u2019s resources sector.<\/p>\n See High Voltage<\/a> for more on this, specifically regarding the WA government\u2019s focus.<\/p>\n Just out of shot, Walter White. AVL\u2019s vanadium electrolyte facility. Source: AVL ASX announcement.<\/p>\n AVL share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n This gold and lithium exploration company has assets in Tier 1 mining jurisdictions \u2013 the Victorian Goldfields, the Pilbara region in WA and the Lachlan Fold Belt in NSW.\u00a0<\/span><\/p>\n That\u2019s all very well, but does it have any news that\u2019s pushing its share price up 18% at the time of writing? We\u2019ll field that one: no, it doesn\u2019t seem to.<\/p>\n Looking back recently in time, then, we can tell you this:<\/p>\n \u2022 Kali Metals, a spinoff of gold stocks Kalamazoo Resources\u2019 and Karora Resources\u2019 lithium rights, recently finished a $15m IPO raise oversubscribed.<\/p>\n And that\u2019s about the size of KZR-related activities, with shareholders of KZR \u201con the record date of 22 December 2023\u201d, ready to receive an \u201cin-specie distribution of Kali Metals shares\u201d.<\/p>\n #Lithium<\/a> exploration company, @KaliMetals<\/a> (proposed ASX code: KM1), a spin-out of @KalamazooRes<\/a> & @KaroraRes<\/a> has now closed its IPO raising the maximum subscription amount of $15m due to strong level of interest.<\/p>\n Read: https:\/\/t.co\/7vC8ewm5hT<\/a>$KZR<\/a> $KM1 pic.twitter.com\/CUiHbXfhzu<\/a><\/p>\n \u2014 Kalamazoo Resources (ASX:KZR) (@KalamazooRes) November 21, 2023<\/a><\/p>\n\n KZR share price<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on\u2026 news from the other day)<\/strong><\/em><\/p>\n This downstream lithium aspirant recently revealed it\u2019s raised $14.6m to progress exploration at its Root Bay and Junior lithium projects in Ontario, Canada.<\/p>\n Via a staged strategy, the company is looking to become Ontario\u2019s first battery-grade lithium producer from a current resource of 24.9Mt at 1.13% Li2O across its Seymour and Root Bay projects.<\/p>\n It recently conducted a Preliminary Economic Assessment (PEA) with two options for development, which you can read about > here<\/a>.<\/p>\n This morning, meanwhile, GT1 made an application for quotation of securities \u2013 39,477,680 of them:<\/p>\n Source: GT1 ASX announcement<\/p>\n Some more recent GT1 news:<\/p>\n ICYMI: @StockheadAU<\/a>: Infill outcrop sampling and mapping at GreenTech Metals\u2019 West Pilbara lithium projects in WA have returned up to 2.31% Li\u2082O at the western end of the 7.5km long Kobe trend.$GRE<\/a> $GRE.ax<\/a> #lithium<\/a> #ASX<\/a>https:\/\/t.co\/Wi4Y8hDFAq<\/a><\/p>\n \u2014 GreenTech Metals (@GreenTechMetals) December 7, 2023<\/a><\/p>\n\n GT1 share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n It\u2019s not been the greatest of years for this Sierra Leone diamond miner. A -67% emphatically speaks to that.<\/p>\n That said, it\u2019s now up 41% over the past month, grabbing a 24-hour 20% gain at the time of writing.<\/p>\n News? Nope, well not much. There\u2019s this \u2013 some substantial holder movement, regarding some dilution of issuance of new shares by some German entities:<\/p>\n\n Other than this, though, not too long ago NWF managed to halt its yearly slide after releasing a\u00a0fairly positive AGM presso.<\/p>\n The company reported in November that it\u2019s ramping up the flagship Tongo mine, which has an 8.3 million carat resource at a grade weighted average of 2.4 carats per tonne.<\/p>\n As Stockhead\u2019s Reuben Adams noted<\/a> late last month:<\/p>\n That\u2019s high grade \u2013 one of the highest in the diamond world, the company says \u2014 equivalent to 9g\/t gold.<\/em><\/p>\n NWF is targeting production of 250,000cts per annum by 2027 and 400,000cts per annum by 2029.<\/em><\/p>\n Meanwhile the diamond trade is looking rosier in the medium term, as global rough diamond supply decreases alongside increasing demand.<\/em><\/p>\n NWF share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n \u00a0 <\/span><\/p>\n The post Resources Top 5: \u2018It was all yellow.\u2019 Uranium hunter GUE also digs New England gold<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Global Uranium and Enrichment (ASX:GUE)<\/h2>\n
at the Maybell #Uranium<\/a> Project after the completion of an extensive data review of over 3,000 mineralized drill holeshttps:\/\/t.co\/I57ACpbh9d<\/a><\/p>\n
\n\u00a0<\/p>\nAustralian Vanadium (ASX:AVL)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nKalamazoo Resources (ASX:KZR)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nGreen Technology Metals (ASX:GT1)<\/strong><\/a><\/h2>\n
\n\u00a0<\/p>\nNewfield Resources (ASX:NWF)<\/strong><\/a><\/h2>\n
\nAt Stockhead we tell it like it is. While GT1 is a Stockhead advertiser at the time of writing, it did not sponsor this article.<\/em><\/p>\n