- Hannan’s one step closer to signing a European agreement on battery recycling
- Hard-hitting goldie Brightstar tops boxes with an oversubscribed placement of $ 2.3 million
- The newly painted gold producer Kaiser Reef reaches a thick Queens Lode in high quality
Here are the biggest winners of small cap resources in early trade, Friday, October 8th.
HNR, with technology developed by the unlisted Australian registered company Critical Metals, wants to recycle metal from scrap and used batteries in Norway, Sweden, Denmark and Finland.
The Nordic countries have some of the highest penetration rates for electric vehicles (EVs) in the world.
The first of three conditions for the implementation of a final agreement, the approval of Critical Metals shareholders, is now met.
The last two conditions precedent are expected to be met by November 30, 2021, HNR says.
The market value of $ 60 million Has increased by 190% over the last month.
Formerly known as Stone Resources, Brightstar is focused on its namesake 445,000 ounce gold project in the Laverton region of WA.
It also owns a painted 330,000 tons of processing plant per year, which sets it apart from most explorers on the ASX. This could potentially shorten any timeline for production.
The focus right now is growing resources on the 237,000 oz ‘Cork Tree Well’ deposit, where drilling analyzes are to be carried out in mid-late October.
More than 26 holes to ~ 4,000m have been completed so far, the company says.
Today, it filled up its boxes with an oversubscribed placement of $ 2.3 million.
“We are thrilled to have completed the placement with the necessary funding available to significantly advance the Cork Tree Well deposit,” said CEO Bill Hobba.
“The current drilling program is ahead of schedule and under budget, and as this is the first program since 2012, it is exciting to see the expected gold-bearing geology, where it is modeled.
“This drilling is expected to increase the size and confidence category of the current JORC resource at Cork Tree Well.”
The market value of $ 15 million. Has increased by 33% over the last month.
(Up without news)
NXM continues to hit high quality gold at the new ‘Wallbrook’ gold project in WA.
“There’s a bit of a buzz about it here after high-quality results from drilling at the Templar View suggested it could be linked to the Crusader, 1.2 miles away,” says Barry Fitz.
“Comparisons are being made with Northern Star’s (ASX: NST) nearby Carosue Dam gold operations near millions of ounces.”
Earlier in the week, Pathfinder Drilling increased drilling at the Crusader Templar prospect and across the wider Wallbrook rental package.
30,000 m of reverse circulation and 3,000 m of diamond drilling are planned for the quarter in December.
Regional exploration will also be stepped up with a combination of RC and aircore wells to be completed across multiple priority targets in the December quarter.
The $ 107 million share capital has now increased by ~ 390% over the last six months.
This newly produced manufacturer owns the historic A1 underground gold mine and processing plant in ‘Maldon’ in Victoria in high quality.
The A1 — which has been producing ~ 500,000 oz of gold since 1861 — is currently on the rise.
During a five-month period under KAU’s ownership, the A1 mine produced 2,178 oz and sold 2,192 oz of gold at an average price of $ 2,320, the company said in the annual report released Oct. 1.
KAU is currently digging a fall to gain access to increased production sources, starting with the thick and high quality ‘Queens Lode’.
Today, the company announced that its fall had reached the previously untapped Queens Lode, where the first ore had already been shipped for processing.
Drilling results from Queens Lode completed before first mining continued to deliver excellent results, as 26.1 m @ 6.2 g / h gold from 33.6; including 12.2 m @ 10.3 g / h gold from 39.8 m.
“The development of Queens Lode is planned to provide a strong increase in production rates at lower cost per tonne,” the company says.
The market value of $ 26 million has increased by ~ 20% over the last month.
(Up without news)
Yesterday, the DLC said samples from the newly acquired ‘REX’ uranium project were rejected by a laboratory in Nevada due to radiation limits exceeding laboratory thresholds.
Super high grade in other words.
Delecta says all samples will now be sent to another laboratory with processing capability to measure elevated levels of naturally occurring radioactive materials (NORM) uranium samples.
“It is encouraging that temporary assays have returned elevated levels of uranium mineralization from initial sampling programs, and the company considers the slight delay in laboratory sampling to be a net positive in anticipated higher quality analyzes,” said DLC CEO Malcolm Day.
“Our initial investigation has confirmed the company’s perception that the REX project is prospective for higher uranium mineralization in what is an extremely liquid uranium market.”