Dateline Resources has just made another impressive intersection at its Colosseum gold-REE project
\nDreadnought Resources nabs a ~$2.1M R&D tax incentive, further validating its Ni-Cu-PGE JV & Au\/REE project
\nHammer Metals, Blackstone Minerals and American Rare Earths also up\u2026 but on no real news<\/p>\n
Here are some of the biggest resources winners in early trade, Tuesday February 13.<\/p>\n
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Gold-tastic Dateline Resources is bursting up the bourse this morning with a 30+% gain at time of late-morning coffee and piece of toast. (Vegemite and butter, not fancy avocado. Might\u2019ve been the latter if I\u2019d actually thrown more of my hard-earned into solid-looking gold stocks.)<\/p>\n
Enough waffle (mmm\u2026 waffles\u2026) because Dateline has news.<\/p>\n
The company\u2019s flagship focus is the Colosseum Gold-REE Project in California, in which DTR has a 100% stake.<\/p>\n
Diamond drilling at the mine has been going exceptionally well for Dateline and that narrative just got a whole lot better with the announcement of a wide intersection of 70.1 metres at 6.53g\/t Au at Colosseum.<\/p>\n
That hit also includes 25.9m at 15.31g\/t Au.<\/p>\n
As Stockhead<\/em>\u2018s Reubs would say\u2026 \u201cThat\u2019s high grade\u201d.<\/p>\n Moreover, the company notes consistency of assay results for drill hole CM23-14 suggests stability in the geologic structure, while multi-element geochemistry analysis of the drill hole is currently underway.<\/p>\n Additionally, another hole, CM24-15, is almost complete and is testing the southern extension of the sedimentary structure at the project. Results for that one are expected in March 2024.<\/p>\n Commenting on the results, Dateline\u2019s MD, Stephen Baghdadi, said that the intersection with its high-grade find is \u201cvery encouraging and when added to the data from previous drill holes, it reinforces our confidence in the stability of the geologic structure.\u201d<\/p>\n #ASXNews<\/a>$DTR<\/a> has received assay results for diamond drillhole, CM23-14, drilled at the Colosseum #Gold<\/a> Project in San Bernardino County, California, USA, that intersected 70.1m @ 6.53g\/t Au, including a higher grade section of 25.9m @ 15.31g\/t Au.https:\/\/t.co\/XDhUnxUjuX<\/a>#ASX<\/a> pic.twitter.com\/uqxSv3L2E8<\/a><\/p>\n \u2014 Dateline Resources (@Dateline_DTR) February 12, 2024<\/a><\/p>\n\n Previously, drilling at the project has returned a pleasing sulphide intersection of 133m which both exceeded expectations and also supports the current geological model.<\/p>\n Colosseum sits within the southern section of the Walker Lane trend in East San Bernardino Country and has a current resource of 20.9Mt grading 1.2 grams per tonne (g\/t) gold for 813,000oz of contained gold.<\/p>\n The Walker Lane Trend is host to several substantial discoveries, including Corvus Gold\u2019s 1.7Moz Mother Lode deposit and the 6.5Moz Castle Mountain gold mine owned by Equinox Gold.<\/p>\n Besides gold, the project is also highly prospective for REEs following the discovery of notable concentrations in initial samples last year. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Last week, multi-commodity mineral explorer DRE announced results from an intensive review of gold opportunities, resulting in the prioritisation of seven camp scale prospects at the 100% owned Central Yilgarn Project located in WA.<\/p>\n The seven camp scale gold prospects prioritised (T1, T2, T6, T11, T18, T20, T21) were part of an extensive review at Central Yilgarn. Three of the prospects have a number of walk-up drill targets.<\/p>\n Today, DRE\u2019s share price is heading in the right direction on the news the company has received, regarding its Mangaroon project, a ~$2.1M R&D tax incentive in respect of the year ended 30 June 2023.<\/p>\n \u201cAs well as emphasising the vital work being undertaken at Mangaroon, the incentive significantly advances Mangaroon as a long-life, strategically important, Tier 1 critical minerals project in the world\u2019s top investment jurisdiction,\u201d noted the company.<\/p>\n Mangaroon is a Ni-Cu-PGE JV & Au\/REE project (100%). A \u201cfirst mover opportunity\u201d covering ~5,200sq km located 250km southeast of Exmouth in the underexplored Gascoyne region of WA.<\/p>\n Dreadnought also describes Mangaroon as a \u201cglobally significant critical minerals complex\u201d, adding it has: \u201ca combined resource at Yin and the Gifford Creek Carbonatite of 40.82Mt at 1.03% TREO. The Yin Resource of 29.98Mt @ 1.04% TREO (ASX 30 Nov 2023) is 87% Measured and Indicated.\u201d<\/p>\n \u201cAll this points to Mangaroon as a long-life, strategically important, Tier 1 critical minerals project in the world\u2019s top investment jurisdiction,\u201d notes the company. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n There\u2019s nothing significant we\u2019re seeing that should be pushing up the BSX share price so far today. And yet, up she goes, by about 20% at time of finishing that coffee from earlier.<\/p>\n BXS is focused on building an integrated battery metals processing business in the north of Vietnam that produces NCM precursor products for Asia\u2019s growing lithium-ion battery industry.<\/p>\n The company\u2019s nickel-copper-PGE Ta Khoa project (90% BSX interest), 160km west of Hanoi, includes an existing modern nickel mine built to Australian standards, which the company is using to process nickel ore delivered by its underground bulk sample program.<\/p>\n The company does have some funding activities happening early this year\/this month.<\/p>\n In early Feb, BSX revealed an update to its funding strategy and corporate focus, which included:<\/p>\n \u2022 Finalising the Ta Khoa Refinery definitive feasibility study and the joint venture\u00a0 partner search. \u201cAll company activities have been streamlined towards achieving these objectives,\u201d noted the company on February 1.<\/p>\n \u2022 Leading US investment bank Jefferies and specialist global mining finance advisor Cutfield Freeman & Co have been appointed as strategic financial advisors for the Ta Khoa Project.<\/p>\n \u2022 Blackstone is meanwhile reducing its monthly expenses through a series of cost-cutting initiatives, including 50% of salary paid to the MD and exec management team in BSX equity for up to six months.<\/p>\n \u2022 The company expects the current quarter to deliver a refund of $4.23m before the repayment of advanced funding. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n This exploration company is focused on gold, iron ore and copper projects in Australia \u2013 specifically in the Yandal gold region of WA, and the Mt Isa copper\/gold province of northwest Queensland.<\/p>\n There\u2019s no news of note surrounding HMX today. Perhaps it\u2019s floating upwards on good vibes from recent investor presentations, including one at the NSW\/Qld Blue Ocean Equities Mining Conference.<\/p>\n There, HMX hammered home its main narratives, including the fact that, in 2023, Hammer delivered a 40% increase in mineral inventory at the company\u2019s cornerstone copper asset \u2013 Kalman, in the Mt Isa region, and three new prospects with intersections of >50m at >1% Cu.<\/p>\n Some further info highlighted regarding Kalman:<\/p>\n \u2022 It has an Indicated and Inferred Mineral Resource Estimate of 39Mt at 0.53% Cu, 0.27g\/t Au, 0.10% Mo, 2.1g\/t Re (39Mt at 1.1% CuEq Rec).<\/p>\n \u2022 It\u2019s open pit material represents 71% of the MRE (27.7Mt at 0.90% Cu Eq Rec).<\/p>\n \u2022 Recent drilling has delivered an additional 10Mt of material to the Indicated categorisation within the MRE (a 141% increase on the 2016 MRE).<\/p>\n \u2022 There\u2019s a high-grade component within the MRE of 10.5Mt at 1.98% Cu Equivalent (at a 1.5% Cu Equivalent Cut-Off) at 0.83% Cu, 0.45g\/t Au, 0.22% Mo, 2.5g\/t Ag and 4.8g\/t Re.<\/p>\n The $42.5m stock is up more than 50% over the past seven days. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span><\/p>\n ARR is still moving on little news, up a good 23% this morning in early trade after telling the ASX yesterday that it isn\u2019t actually sitting on any fresh market-sensitive news.<\/p>\n To keep you relatively up to speed with company happenings, however, on Friday, the REE hunter delivered an investor presentation, which highlighted the following:<\/p>\n \u2022 ARR has the largest ASX-listed portfolio of strategic rare earth element assets in the US.<\/p>\n \u2022 Its flagship Halleck Creek Project (100% owned) has, says the company, potential to be largest rare earths deposit in the US.<\/p>\n \u2022 ARR has projects across southwest US in favourable mining jurisdictions together covering 17,400 acres.<\/p>\n \u2022 As of February 2024, the company\u2019s JORC REE resource is 2.34 billion tonnes.<\/p>\n \u2022 1.42 billion tonnes of measured and indicated resources were estimated at a grade of 3,296 ppm TREO using a 1,000ppm TREO cut-off.<\/p>\n \u2022 And how about its coffers? Healthy, sitting at a $6.3 million cash position at last count, and $5.2m in invested assets.<\/p>\n American Rare Earths (ASX: ARR) has provided an updated mineral resource estimate for its wholly owned Halleck Creek project in Wyoming, showing a 64% increase in its in-situ tonnage compared to the previous estimate last fall.https:\/\/t.co\/nhSPWHvdWx<\/a>$ARR<\/a><\/p>\n \u2014 American Rare Earths Limited (ASX: ARR) (@ARRLimited) February 8, 2024<\/a><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n At Stockhead we tell it like it is. While Dateline Resources is a Stockhead advertiser at the time of writing, it did not sponsor this article.\u00a0<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 5: Junior goldie Dateline makes a date with high-grade destiny in California<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
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\n\u00a0<\/p>\nDreadnought Resources (ASX:DRE)<\/strong><\/a><\/h2>\n
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\n\u00a0<\/p>\nHammer Metals (ASX:HMX)<\/strong><\/a><\/h2>\n
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American Rare Earths (ASX:ARR)<\/strong><\/a><\/h2>\n
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