Allup? There are more than a handful of ressies up. This silica stock is leading the pack today
\nJames Bay Minerals meanwhile keeps lithium in the spotlight (just)\u00a0
\nWhile EMN, CVR and RIE are also catching some solid gains at time of writing<\/p>\n
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Here are some of the biggest resources winners in early trade, Thursday March 28.<\/em><\/p>\n \u00a0<\/p>\n Looks like* we\u2019ve got another three-bagger here (after Many Peaks\u2019 epic climb the other day).<\/p>\n *Swift update: Well, we did for a while there. It\u2019s since dipped to about a 175% intraday gain, and might be settling down further.<\/p>\n Nevertheless the morning\u2019s big mover is\/has been Allup Silica, which rocketed on news that the silica it\u2019s sitting on in southern WA is really high quality stuff \u2013 >99.5% SiO2 and <100 ppm Fe2O3.<\/p>\n This essentially means that it\u2019s ready to rock in applications such as photovoltaic cells without requiring much work to purify, such as magnetic separation.<\/p>\n The results come from the latest round of sampling at Allup\u2019s Cabbage Spot Silica Sand Project in WA, where the multiple large areas of high purity <\/span>silica<\/span> sand has the company frothing today.<\/span><\/p>\n Allup Silica chair, Andrew Haythorpe, called the find a \u201csignificant stride in our exploration journey\u201d, adding:<\/p>\n \u201cParticularly striking was our best result, showing an in-situ purity of 99.4% SiO2, which highlights the top-tier quality of our project.<\/p>\n \u201cThese outcomes not only confirm the high-grade nature of our silica assets but also strengthen our dedication to providing essential materials for the renewable energy industry.\u201d<\/p>\n High-purity silica sand, by the way, has numerous industrial uses, and is particularly considered a critical raw material for assisting in the global transition to clean energy.<\/p>\n The latest round of sampling at our Cabbage Spot Silica Sand Project in WA has identified multiple large areas of high purity #silica<\/a> sand. Results returned \ud835\udde6\ud835\uddf6\ud835\udde2\u2082 \ud835\uddf4\ud835\uddff\ud835\uddee\ud835\uddf1\ud835\uddf2\ud835\ude00 \ud835\uddf4\ud835\uddff\ud835\uddf2\ud835\uddee\ud835\ude01\ud835\uddf2\ud835\uddff \ud835\ude01\ud835\uddf5\ud835\uddee\ud835\uddfb \ud835\udff5\ud835\udff4%, with an average grade of 98.6%. \u2014 Allup Silica (@AllupSilica) March 28, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Lithium hunter James Bay Minerals is putting white gold back in the positive headlines today, moving up double digits on news its expanded its strategic landholding within the renowned La Grande Province in the James Bay region of Quebec, Canada \u2013 a hotspot for the battery metal.<\/p>\n The company has made a fresh acquisition \u2013 staking 136 claims totalling 7,000ha. And this takes JBY\u2019s overall\u00a0La Grande land holding to some 37,168ha.<\/p>\n The company notes that its newly acquired property sits within a magnetic low \u201cwhich is interpreted to trend\u201d into Patriot Battery Metals\u2019 (ASX:PMT)<\/strong><\/a> Tier-1 Corvette lithium project.<\/p>\n Nearology a-gogo \u2013 you\u2019re pretty much not a successful lithium junior without a bit of friendly neighbourhood rivalry.<\/p>\n Multiple linear outcropping features identified from satellite imagery within the new claims are \u201cinterpreted as pegmatites\u201d, said the company, adding that some of them \u201cappear to extend over strike lengths of more than 500m\u201d.<\/p>\n JBY\u2019s executive director, Andrew Dornan, said:<\/p>\n \u201cThe La Grande East Project is another exceptional addition to the Company\u2019s critical minerals portfolio in this world-class district.<\/p>\n \u201cSitting within a magnetic low that trends into the same corridor as the Patriot Battery Metals Corvette discovery and with the Transtaiga Highway located less than 1km to the north of the property, this Project already presents several exciting walk-up exploration targets.\u201d<\/p>\n James Bay Minerals has expanded its strategic land-holding in the world-class La Grande Province in Quebec to 37,168ha with the acquisition of the La Grande East Project. $JBY<\/a> #lithium<\/a> #exploration<\/a> #Quebec<\/a> #Canada<\/a> #JamesBay<\/a> #LaGrande<\/a> <\/p>\n https:\/\/t.co\/xxUwHqX3qW<\/a> pic.twitter.com\/G57KqbR3Ym<\/a><\/p>\n \u2014 James Bay Minerals (@JamesBayMin) March 27, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> This $36m market capped manganese stock is up today after receiving approval of the Environmental and Social Impact Assessment (\u201cESIA\u201d) for the Chvaletice Manganese Project from the Czech Ministry of Environment.<\/p>\n Obvs, that\u2019s a manganese project based in the Czech Republic. The company\u2019s aim there is to re-process a manganese deposit to produce high-purity manganese products, primarily for lithium-ion batteries.<\/p>\n The company also revealed it\u2019s appointed Tim Kindred, who is \u201can experienced, large-scale project delivery professional\u201d, as project director for Chvaletice.<\/p>\n Euro Manganese has received approval of the Environmental and Social Impact Assessment for the Chvaletice Project from the Czech Ministry of Environment and has appointed Tim Kindred as Project Director for the Chvaletice Project. \u2014 Euro Manganese (@EuroManganese) March 27, 2024<\/a><\/p>\n\n Late last year, this stock somewhat turned around its fortunes on the back of a significant project financing deal with $8.2 billion global asset management firm Orion Resource Partners. More on that here<\/a>.<\/p>\n But re today\u2019s news, Dr Matthew James, the company\u2019s president and CEO, commented:<\/p>\n \u201cApproval of the Environmental and Social Impact Assessment for the Chvaletice Project is a major permitting and project milestone.<\/p>\n \u201cWe look forward to advancing the now more procedural follow-on permits to develop a world-class facility capable of producing high-purity manganese, an essential component in lithium-ion batteries for EV vehicles.\u201d \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Cavalier\u2019s main game is the mine-ready Crawford gold project, which sits centrally within the company\u2019s exploration and development projects about 20km east of the mining township of Leonora, WA.<\/p>\n News sending the stock 22% upwards at time of writing?<\/p>\n Yep \u2013 mining approval works underway, with experienced environmental firm, Talis Consultants, appointed to kick-start that process and provide guidance to CVR.<\/p>\n This is basically the final regulatory step required for application of approval to get mining activities underway.<\/p>\n Daniel Tuffin, the company\u2019s executive technical director, gave more context:<\/p>\n \u201cHaving recently completed the PFS, the company has now commenced the mining approvals process, a transformative period signifying the final step towards realising open pit mining at the Crawford Gold Project.<\/p>\n \u201cThe resulting Maiden Ore Reserve of 29.3koz of gold underpins a pre-CAPEX undiscounted cash flow of A$24.6M, an IRR of 130% and a well below average C1 AISC of A$1,777\/oz based on a gold price of just A$2,900\/oz.<\/p>\n \u201cThe Company is currently evaluating the prospects of a trial pit at the Crawford Gold Project with a view to potential early-stage gold production.\u201d<\/p>\n Time to take the final steps towards #mining<\/a> at the #Crawford<\/a> #Gold<\/a> Project. pic.twitter.com\/RJj6tj2htt<\/a><\/p>\n \u2014 Cavalier Resources Ltd (@CavalierLtd) March 27, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n Not 100% sure why this gold, silver, base metals hunting minnow is up about 33% at the time of writing, but it\u2019s doing so on the back of pretty high, active trading volume, so we\u2019ll cover it, although we\u2019ll have to revert to last significant news.<\/p>\n The company\u2019s main game is the advancement of the Kingman gold project over in Arizona, USA.<\/p>\n In December last year, we reported that the company\u2019s maiden resource of 64,000oz gold and 689,000oz silver at the Tintic prospect provided a near-term development opportunity and value for shareholders.<\/p>\n Tintic has been the primary focus of Riedel Resources\u2019 exploration efforts at the broader Kingman project in Arizona for two key reasons \u2013 the shallow depth of mineralisation and its free dig nature that makes it amendable for mining via open pit and the high grades present.<\/p>\n In the interests of delivering quick returns while saving costs, the company has also held to its preference for trucking ore to third-party mills for toll treatment.<\/p>\n More recently, in February this year, the Kingman project has delivered what Riedel termed \u201coptimal metallurgical testwork results\u201d \u2013 received for both conventional carbon in pulp (CIP) and flotation processes.<\/p>\n The program was completed by an independent metallurgical consultant, Auralia Metallurgy, at its testing facilities in Perth, WA.<\/p>\n Those results included:<\/p>\n \u2022 Gravity-CIP (direct cyanidation) gold extractions up to 91% achieved Further metallurgical testwork is ongoing.<\/p>\n In February, Riedel CEO David Groombridge said:<\/p>\n \u201cThese first pass metallurgical results demonstrate that mineralisation from the Kingman Project delivers high gold recoveries that are amenable to conventional processing flowsheets.\u00a0We will now look to advance discussions with potential processing partners in the region\u201d.<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0 The post Resources Top 5: Allup bursts up 200pc on silica, while James Bay keeps lithium in frame<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Allup Silica (ASX:APS)<\/strong><\/a><\/h2>\n
https:\/\/t.co\/AmkhkaQ0QW<\/a> $APS<\/a> pic.twitter.com\/W5XLK01D5f<\/a><\/p>\nAPS share price<\/strong><\/h2>\n\n
\n\u00a0<\/p>\nJames Bay Minerals (ASX:JBY)<\/strong><\/a><\/h2>\n
JBY share price<\/h2>\n\n
\n\u00a0<\/p>\nEuro Manganese (ASX:EMN)<\/strong><\/a><\/h2>\n
https:\/\/t.co\/7Qc3VOufi9<\/a> #ESIA<\/a> pic.twitter.com\/l5nLT1GPQh<\/a><\/p>\n
\n\u00a0<\/p>\nEMN share price<\/h2>\n\n
\n\u00a0<\/p>\nCavalier Resources (ASX:CVR)<\/strong><\/a><\/h2>\n
CVR share price<\/h2>\n\n
\n\u00a0<\/p>\nRiedel Resources (ASX:RIE)<\/strong><\/a><\/h2>\n
\n\u2022 Gravity-Flotation-CIP (float tail) gold recoveries up to 96% achieved<\/p>\nRIE share price<\/strong><\/h2>\n\n
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