Estrella Resources hits high-grade manganese in Timor-Leste
\nTungsten Mining is up on, you\u2019ll never guess what, tungsten. (Actually, a half-year report)
\nGoldies Alto and Kula also faring well amid a good week for the yellow precious metal<\/p>\n
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Here are some of the biggest resources winners in early trade, Friday April 5.<\/em><\/p>\n \u00a0<\/p>\n It\u2019s been a struggle to find any ressies bursting up on actual news this morning, but then along comes Estrella.<\/p>\n This WA explorer is up on manganese news of the high-grade variety, over in Timor-Leste at the Laut\u00e9m project.<\/p>\n Results from initial rock-chip samples are in, which the company says were taken before the granting of Exploration and Evaluation Licences and Reconnaissance Permits for ESR\u00a0in Timor-Leste.<\/p>\n The samples were then brought back to Australia for further analysis. And that turned up an assay result of\u00a060.8% manganese \u2013 one of four samples taken during initial limited reconnaissance.<\/p>\n Estrella also notes that multiple manganese exposures have been documented across the 503.7km2 leases in Laut\u00e9m with no modern exploration undertaken.<\/p>\n Estrella Resources (ASX:ESR) Managing Director Chris Daws in Timor-Leste. GO ESTRELLA! https:\/\/t.co\/AwaTmEKkKS<\/a><\/p>\n \u2014 Estrella Resources (@ESR_Estrella) April 5, 2024<\/a><\/p>\n\n What next? Mapping and more sampling. Plus, a Joint Venture agreement with the state-owned outfit Murak Rai Timor (MRT) reportedly progressing.<\/p>\n Estrella MD Chris Daws said:<\/p>\n \u201cThe exploration potential across our recently granted tenure in Timor-Leste is significant. Our team have already located very high-grade manganese mineralisation at surface with work continuing.<\/p>\n \u201cEstrella has over 500km2 now to explore and as seen at the recent granting ceremony in Los\u00a0 Parlos, it has the full support of the Timor-Leste government.\u201d<\/p>\n Manganese, by the way is a \u201ccritical mineral\u201d with plenty of industrial usage, including EVs, in which it\u2019s used as a stabilising component in the cathodes of nickel-manganese-cobalt lithium-ion batteries. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Tungsten. It\u2019s one of the densest metals in existence, boasting the highest tensile strength of any metallic element, along with the highest melting point in excess of 3400 degrees Celsius.<\/p>\n And guess who\u2019s into it? Yeah, that\u2019s right \u2013 Tungsten Mining. A stock and a metal that very rarely makes it into the top gainers of the day.<\/p>\n Any news? Actually, not much. A half-year report from the $73.9m market capper, though, showing up on the ASX channels this morn.<\/p>\n Scouring through that, we can ascertain that, TGN, among other things:<\/p>\n \u2022 has been continuing the development at the Mt Mulgine project, within the Murchison region of WA, with results received from 50 RC holes identifying significant tungsten-molybdenum mineralisation.<\/p>\n \u2022 and has been conducting infill RC drilling at Mulgine Hill East, which has defined significant molybdenum-tungsten mineralisation over 520 metres of strike. (Drilling at Mulgine Hill North has also defined significant molybdenum-tungsten mineralisation over 320 metres of strike.)<\/p>\n What else? Project engagement with potential partners is reportedly progressing. For more, you\u2019ll need to read the full report. \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> (Up on no news)<\/strong><\/em><\/p>\n Gold exploration junior Alto Metals, like TGN above, is also digging around in WA\u2019s Murchison region, where it owns its flagship Sandstone Gold Project.<\/p>\n It\u2019s up double digits today on nothing of note, but it did have some recent news about a week or so ago.<\/p>\n The company reported a 1km-long gold anomaly discovered from infill soil sampling at Sandstone North. An anomaly of up to 100ppb (0.1g\/t gold), coincident with a major north-south structure.<\/p>\n Alto\u2019s MD, Matthew Bowles extrapolated at the time:<\/p>\n \u201cOur Sandstone North gold target is shaping up nicely, with these latest infill soil results highlighting a strong north-south trending gold anomaly that is coherent with arsenic values and correlates perfectly with a major north-south interpreted structure.<\/p>\n \u201cGiven the structural setting and high-grade gold results reported in historical drilling to the south, this soils program has defined a compelling target.\u201d \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> Kula Gold, a diverse exploration minnow operating in WA, has identified significant gold prospectivity at its Brunswick project in WA near a historical production area after rock chipping and mapping returned assays of up to 11.19g\/t gold.<\/p>\n Brunswick sits within the Donnybrook-Bridgetown Shear Zone just 35km from Greenbushes, the world\u2019s largest hard rock lithium mine.<\/p>\n KGD has made a beaut 11% intraday gain on the news, and is up an even beauter 25% over the past week. And an even beauter-er 33% over the past 30-odd days.<\/p>\n As we reported earlier here<\/a>, while Kula Gold\u2019s (ASX:KGD)<\/strong>\u00a0interest in the project was initially sparked by its proximity to Greenbushes, Brunswick also hosts historical gold production with the Camilleri mine having produced some 236.7oz of the precious metal from 53t of material \u2013 or a grade of ~146g\/t gold.<\/p>\n Previous rock chipping by the company near the Camilleri prospect, which includes the Blackwood area that produced 24oz of gold, had returned gold grades of 0.8-3.3g\/t.<\/p>\n Camilleri is also close to the Donnybrook gold mine and is a gold trend near the intersection of the Donnybrook Shear Zone and the Darling Fault Zone.<\/p>\n Kula Gold reports substantial #Gold<\/a> prospectivity identified at the historic Camilleri Mine & Jarvis Prospects near the historic Mt Cara & Hunter Venture Gold Mines.$KGD<\/a> assays to 11.19g\/t gold where past production was extremely rich (146g\/t gold)<\/p>\n https:\/\/t.co\/xrH5Rx2vqD<\/a> https:\/\/t.co\/COfNf7tRER<\/a> pic.twitter.com\/eTfXUrqdUW<\/a><\/p>\n \u2014 Kula Gold Limited (@KulaGold) April 4, 2024<\/a><\/p>\n \n\u00a0<\/p>\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span> At Stockhead we tell it like it is. While Kula Gold 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 4: A dense metal player gains, while Estrella hits high-grade Timor-Leste manganese<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Estrella Resources (ASX:ESR)<\/strong><\/a><\/h2>\n
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\n\u00a0<\/p>\nTungsten Mining (ASX:TGN)<\/strong><\/a><\/h2>\n
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\n\u00a0<\/p>\nKula Gold (ASX:KGD)<\/strong><\/a><\/h2>\n
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