{"id":7411,"date":"2024-03-22T02:33:26","date_gmt":"2024-03-22T02:33:26","guid":{"rendered":"https:\/\/economicherald.net\/?p=7411"},"modified":"2024-03-22T02:33:26","modified_gmt":"2024-03-22T02:33:26","slug":"resources-top-3-gallium-makes-more-headlines-ma-maestros-have-a-new-gold-project-to-play-with","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=7411","title":{"rendered":"Resources Top 3: Gallium makes more headlines, M&A maestros have a new gold project to play with"},"content":{"rendered":"

Gold50\u2019s Golconda gallium project in Arizona could be \u00a0well placed as US hunts for own sources of supply
\nEnegex acquires Rocky Ridge, a 6.5km-long lightly explored gold target
\nEnegex run by the same team that sold Apollo Consolidated for ~$200m<\/a> to Ramelius Resources<\/p>\n

\u00a0<\/p>\n

ENEGEX (ASX:ENX)<\/a><\/h2>\n

ENX has new exploration ground at its Perenjori project in the West Yilgarn, the same neighbourhood as Chalice Mining\u2019s (ASX:CHN) 560Mt Gonneville project, the monster Boddington copper-gold mine, and the Greenbushes lithium operation.<\/p>\n

Its newly granted exploration licence covers Rocky Ridge, a 6.5km-long gold target defined by elevated gold anomalism at surface and promising shallow drill results, including 7m at 2.52g\/t to end of hole.<\/p>\n

This hints at a source in the underlying bedrock, says the company.<\/p>\n

It is planning initial on-ground exploration \u201cin the coming weeks\u201d.<\/p>\n

For the last few years this unassuming and tightly held WA explorer has been doing all the inexpensive early work (sampling, geophysics, just walking around looking at rocks) to prove up targets across its massive 1500sqkm landholding.<\/p>\n

It is run by the same team that sold Apollo Consolidated for ~$200m<\/a> to Ramelius Resources (ASX:RMS), which won an entertaining back-and-forth tussle with Gold Road (ASX:GOR) for control of the junior in 2021.<\/p>\n\n

<\/span>
\n\u00a0<\/p>\n

GOLD50 (ASX:G50)<\/a><\/h2>\n

(Up on no news)<\/p>\n

G50\u2019s main game isn\u2019t gold. It\u2019s gallium, an obscure metal which\u00a0 hit headlines after world\u2019s largest producer China announced export controls last year.<\/a><\/p>\n

The US is desperately looking for its own sources of supply.<\/p>\n

The U.S. May Have Just Scored A Win Against China In The Battle Over A Key Mineral https:\/\/t.co\/SRHDy1gnhN<\/a><\/p>\n

\u2014 HuffPost (@HuffPost) March 21, 2024<\/a><\/p>\n\n

Used in semiconductors, 5G networks, rare earths magnets, and various military applications, gallium was paying US$755.80\/kg in January 2024, up from US$640.80\/kg in January 2023.<\/p>\n

G50\u2019s Golconda project in Arizona \u2014 historically mined for lead and zinc \u2014 \u201cmatured from brownfield exploration to new discovery\u201d after mid-2023 drilling pulled up a highlight 109m at 40.5g\/t gallium from 129m.<\/p>\n

The project is also right next door to a major porphyry copper deposit.<\/p>\n

Planning for phase 2 drilling is now underway.<\/p>\n\n

<\/span>
\n\u00a0<\/p>\n

RONIN RESOURCES (ASX:RON)<\/a><\/h2>\n

(Up on no news)<\/em><\/strong><\/p>\n

The late 2021 IPO hit the bourse with the Vetas (thermal coal) and Santa Rosa (gold) projects in Colombia.<\/p>\n

With Colombia relegated to the proverbial bottom drawer due to \u201congoing socio-political instability\u201d and a lack of success at Santa Rosa, the company is now running the ruler over new projects to play with.<\/p>\n

Its recently acquired, early stage Hornby Lake lithium project is 15km west of Frontier Lithium Inc\u2019s (Frontier) (TSXV:FL) PAK and Spark lithium projects in Ontario, Canada.<\/p>\n

RON has commenced planning a 2024 field program, it said mid-February.<\/p>\n\n

\ufeff<\/span><\/span>
\n<\/span><\/p>\n

The post Resources Top 3: Gallium makes more headlines, M&A maestros have a new gold project to play with<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Gold50\u2019s Golconda gallium project in Arizona could be \u00a0well placed as US hunts for own sources of supply Enegex acquires Rocky Ridge, a 6.5km-long lightly [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":7412,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nResources Top 3: Gallium makes more headlines, M&A maestros have a new gold project to play with - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=7411\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resources Top 3: Gallium makes more headlines, M&A maestros have a new gold project to play with - 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