Steve Butler

Everest Metals Corporation has identified 10 big uranium and base metal geophysical anomalies within its 100 per cent-owned Georgina and Amadeus projects centred on Alice Springs in the Northern Territory. Management has moved swiftly since securing its Top End exploration package last year and has engaged a speciality geophysical company to model and interpret existing geophysical data over the Georgina and Amadeus operations.

A recent share price hike for White Cliff Minerals has triggered a cash bonanza for the company after it today confirmed $4.33 million worth of options had been exercised on the back of its rally from recent lows. Touching as low as 0.9c to start the new year of trading, the share price rose to as high as 1.9c after it grabbed new Canadian ground.

In an exclusive interview with Bulls N’ Bears, international stock-trading entrepreneur Jim Mellon has boldly predicted a vibrant third lithium wave for global markets. Mellon says, “now is a great time to be loading up on lithium”, despite the price for the silvery-white metal going into something of a hibernation in the back part of last year.

Meeka Metals has tabled a solid set of initial assays from shallow infill drilling at its Turnberry deposit within its flagship Murchison gold project in WA. Broad zones of oxide gold running up to an eye-catching 8.53g/t were unearthed from the first 19 holes, with assays expected soon from the remaining 32 holes, which are largely located around the periphery of the designed open pits.

ASX-listed Lithium Universe has decided on the perfect location for its 16,000-tonne per annum lithium carbonate refinery to service its Eastern Canadian lithium processing hub after assessing more than 20 prospective sites. The company appointed heavyweight engineering firm, Hatch, to undertake a comprehensive study for the design and location of the refinery in the Canadian State of Quebec.

Estrella Resources has utilised a next-generation helicopter-borne electromagnetic geophysical system to identify several new conductor anomalies at its Carr Boyd project in Western Australia’s Goldfields region. Multiple anomalies through a 5km strike length along the Colreavy komatiite have been recognised and, importantly, the “Target EM” system has also identified a new 3km linear zone under cover to the south of the Carr Boyd intrusion.

Lithium Universe is another step closer to establishing its proposed Quebec lithium processing hub after securing global consulting heavyweight Hatch to undertake the engineering study for its downstream lithium carbonate refinery in Canada. The first part of the study will be to determine the ideal location for the 16,000 tonnes per annum lithium carbonate refinery and the estimated capital and operating costs.

Venus Metals has uncovered two neighbouring pegmatite outcrops, with visible coarse lithium-bearing petalite running up to 4.6 per cent lithium oxide, after completing a field program at its Youanmi project in Western Australia. The program was aimed at discovering the cause of a prominent lithium soil anomaly labelled the “Deep South Target”. Results also revealed a separate assay of 3.26 per cent lithium oxide.

Aruma Resources has kicked a goal at the start of its hunt for rare earths at its Saltwater project in Western Australia, with the discovery of significant rare earths mineralisation and cobalt-copper-enriched rocks. Results have reaffirmed the potential for the area to host unconformity heavy rare earths and highlighted the prospectivity for base metals deposits along an interpreted 80km strike length of prospective host rocks.