Monday, 5 November, 2018 - 09:31
Ibaera filling a funding niche
SPECIAL REPORT: West Perth-based fund Ibaera Capital is hoping to plug a funding gap for metals juniors with big projects.
Paul L'Herpiniere was the manager of exploration at Fortescue Metals Group (FMG) and had previously worked at Gobi Coal & Energy and Anglo American. Mr L'Herpiniere has carried out multi-commodity project generation and exploration management across Mongolia, South-East Asia, South Africa, Ethiopia, Botswana, Mozambique, Nigeria, New Zealand and Australia. He was employed by FMG in 2004, four years before first production. In 2011, his exploration team was one of the largest operating in Australia with a $100 million exploration budget, over 20 drill rigs and 200 staff in the field. Mr L'Herpiniere has a Bachelor of Science (Hons) in Applied Geology from Curtin University.
Rank | Company | # | |
---|---|---|---|
198th | ![]() |
Strickland Metals | $503.75k |
232nd | ![]() |
Coda Minerals | $307.23k |
233rd | ![]() |
Brockman Mining | $305.74k |
234th | ![]() |
Killi Resources | $305.42k |
235th | ![]() |
Codrus Minerals | $300.00k |
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
1572nd | State Gas">State Gas | -56.67% | -39.58% |
1573rd | Nutritional Growth Solutions">Nutritional Growth Solutions | -56.79% | 0% |
1574th | Strickland Metals">Strickland Metals | -56.81% | 56.27% |
1575th | Alvo Minerals">Alvo Minerals | -57.11% | 0% |
1576th | Skylark Minerals">Skylark Minerals | -57.11% | -26.5% |
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NEWS: Tagged in Strickland hikes Yandal gold ounces 56 per cent near Wiluna | 31 Mar 2025 |
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NEWS: Tagged in Strickland adds drill muscle to test new Serbian gold prospect | 28 Mar 2025 |
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NEWS: Tagged in Strickland touts big resource lift at Serbian gold-base metal project | 27 Mar 2025 |
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NEWS: Tagged in Strickland tests notch up big recovery rates at WA gold project | 13 Mar 2025 |
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NEWS: Tagged in Strickland targets Serbian gold-copper with 50,000m drilling program | 11 Mar 2025 |
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NEWS: Tagged in Strickland jags 7.5km intrusion-related gold system in WA | 06 Mar 2025 |
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NEWS: Tagged in Strickland picks up big sniffs of Serbian copper-gold porphyry find | 04 Mar 2025 |
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NEWS: Tagged in Strickland eyes two compelling priority WA gold targets | 27 Feb 2025 |
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NEWS: Tagged in Updated Serbian resource rockets to 6.69m gold ounces for Strickland | 19 Feb 2025 |
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NEWS: Tagged in Strickland hits more high-grade gold at Gradina prospect in Serbia | 05 Feb 2025 |
SPECIAL REPORT: West Perth-based fund Ibaera Capital is hoping to plug a funding gap for metals juniors with big projects.
Azumah Resources has kicked off a massive 40,000m multi-target drilling campaign to be managed and funded by Perth mining investment fund Ibaera Capital. Azumah is seeking to achieve a major boost to its resource and reserve numbers at the interesting looking project as it looks to deliver a feasibility study by the end of the year.
ASX-listed Strickland Metals has tied up the acquisition of its mammoth Rogozna gold and base metal project in Serbia where a resource containing more than 5.4 million ounces of gold equivalent has already been defined. A 60,000m resource expansion and exploration drilling campaign is also well underway, with three rigs smashing out the metres and a fourth to be added shortly.
Strickland Metals has upped the ante at its Rogozna gold and base metals project in Serbia by adding a fourth diamond rig to target substantial copper-gold porphyry mineralisation at the site, with initial assays due next month. The new drilling activities come hot on the heels of Strickland confirming yesterday that it had completed its full acquisition of the project.
Strickland Metals has kicked its drilling program into overdrive by marching a second diamond drill rig into its Horse Well gold camp that is part of the company’s Yandal project, sitting about 85km north-east of Wiluna in Western Australia. A combined three rigs are now punching the drill bit into four prospective targets with the financial assistance of a State Government grant.
Strickland Metals has homed in on a powerful near-surface anomaly as part of a survey being run at the Obradov Potok prospect within its Rogozna gold and base metals project in Serbia. The preliminary induced-polarisation survey has unearthed a target that starts 100m below the surface and extends along a 400m strike length, suggesting a potentially significant new mineral deposit is taking shape.
Strickland Metals 40m step out with the drill rig at its Warmblood prospect near Wiluna has paid big dividends after the company nailed the down plunge extension of the higher up mineralisation. Management says it can now track the strike extent of the mineralisation at Warmblood covering a 1.4km trend and notably, the grade appears to be increasing at depth.
Strickland Metals has hauled in a whopping 89.7m running at 4 grams per tonne gold from 244m at its wholly-owned Rogozna project in Serbia. The spectacular intercept includes 24m averaging an impressive 10.5g/t gold from 296m. The well-funded Western Australian explorer has four rigs working around the clock targeting extensions to the existing 4.6 million-ounce gold equivalent Shanac resource.
Strickland Metals has reeled in another mammoth hit from the Shanac deposit within its Rogozna gold-base metals project in Serbia, this time unveiling 308.4m grading 1.9 grams per tonne gold equivalent. The impressive intercept follows up an 89.7m hit running at 4g/t that was drilled at an opposing angle on the same deposit, as revealed by the company just a fortnight ago.
Strickland Metals has nailed more stellar gold hits from extensional drilling at the Warmblood prospect within its Horse Well camp near Wiluna in Western Australia. The company has extended the high-grade mineralised plunge at the site by an additional 170m, with a drill intersection of 7.9m at 9.7 grams per tonne peaking at a grade of 22g/t across 3.2m.
Strickland Metals has struck the third-biggest drill result from its Rogozna play in Serbia, reeling in a hefty 50m intercept grading 5.6g/t gold equivalent as part of a total 365.8m hit at 2g/t. The drillhole was aimed at replicating the more than 300m-thick body of gold, copper and zinc mineralisation discovered at an earlier hole and has confirmed a 60m extension to the south-east.
Strickland Metals is targeting the near-surface mineralisation at its Gradina prospect in Serbia in a bid to expand the company’s existing 5.4 million-ounce gold equivalent Rogozna project and drive its gold and base metal resource to next-level status. A new diamond-drilling program for 10,000m has been launched at the site that sits in the landlocked Balkan nation.
Strickland Metals has landed a massive 545.7m drill hit grading 1.1 grams per tonne gold equivalent to create a northern resource extension of the Shanac deposit within its Rogozna gold and base metals project in Serbia. The intersection came from one of three recently-finished holes at site. Starting at 108m, it also included higher-grade sections of 102m at 1.7g/t and 30m at 2.4g/t.
A recent induced-polarisation geophysical survey run by Strickland Metals at its Rogozna gold project in Serbia has highlighted what the company says are two targets exhibiting strong chargeability anomalism. The survey identified the Jezerska Reka and Obradov Potok targets as having bigger anomalous zones, with stronger responses than the anomalies associated with its Shanac and Copper Canyon deposits that comprise a 5.4 million-ounce gold-equivalent resource.
Strickland Metals has punched out more good hits at its Horse Well gold project near Wiluna in Western Australia. The latest assays have increased the strike length by 260m to more than 1.6km at the Marwari prospect while at the Bronco prospect, two new high-grade zones have been unearthed.
It feels like Groundhog Day after Strickland Metals served up yet another massive drill hit from its Serbian copper-gold Medenovac prospect within the company’s Rogozna project. The latest drill campaign has thrown up a significant 223m intersection grading 1.7g/t gold equivalent from 179m including 43m at 4.6 g/t gold equivalent from 357m. The mineralisation now strikes for 150m.
Strickland Metals has launched phase two metallurgical testing to test metal recoveries before locking down processing flowsheets from its Shanac deposit, part of the company’s Rogozna gold and base metals project in Serbia, after bulk samples arrived at ALS Laboratory in Perth. The 400kg sample, made up of core from Shanac is now under the supervision of Macromet, a specialist mineral processing consultant.
Strickland Metals has nailed a third new gold and base metals discovery in four years after unearthing a new discovery from wildcat drilling at its Kotlovi prospect, just 350m west of the Medanovac deposit at the company’s Rogozna project in Serbia. The best number of the new batch of wildcat drilling results is 40m at 2.6 g/t gold from 558m.
Strickland Metals has nailed a 41m drill hit grading 4 grams per tonne gold in Serbia that was part of a massive 272m intersection going 1.8 g/t gold equivalent. The broader intersection also showed copper, zinc, lead and silver. The new results are from Strickland’s Shanac deposit within its wholly-owned 5.4-million-ounce gold-equivalent Rogozna project in the Balkan country of Serbia.
Strickland Metals’ Gradina prospect in Serbia is showing all the hallmarks of a company maker. One lode is now within 150m of surface where it is still open and mineralised to at least 603m. Single drill holes have intersected three separate lodes with seriously big widths and impressive grades and it looks like it still has more to give.
Strickland Metals is poised for a blockbuster start to 2025, with key assay results from the Shanac and Gradina deposits at its flagship Rogozna project in Serbia expected next week. A maiden resource estimate for the Medenovac deposit is slated for late February, while at its Yandal project in WA, an updated resource estimate is on track for late March.
Strickland Metals has launched into 2025 with a bang, revealing strong vertical extensions at its Shanac gold-copper skarn deposit in Serbia. The new results, which came from a single hole targeting the underexplored southern extent of the prospect, included an 80.2m intercept at 1.9g/t gold equivalent from 501.9m, featuring 11.7m at 4.3g/t gold equivalent and a 30.1m section grading 1.6g/t gold equivalent from 438.9m.
Strickland Metals has scored another home run after delivering a stellar set of high-grade intercepts at its Gradina prospect, which is part of the Rogozna gold and base metals project in Serbia. Among the standout results is an impressive 14.3m hit grading 8g/t gold from 517m, including a 2m section peaking as high as 17.6g/t.
Strickland Metals has boosted its Serbian Rogozna project’s mineral resource by 23pc, reaching 6.69m gold equivalent ounces. A key driver is the maiden resource at Medenovac, contributing 1.28m gold equivalent ounces from a resource of 21mt grading 1.9g/t gold equivalent. The polymetallic deposit - rich in gold, copper, zinc, lead and silver – has lifted Rogozna’s portfolio, reinforcing its status as a major gold and base metals asset.
Strickland Metals has identified two new compelling targets near its 108,900-ounce Dusk ‘til Dawn gold camp with the potential for the targets to represent the core of a much larger gold system. The company is also planning to soon reveal an updated mineral resource at its Horse Well gold camp, both part of the wider Yandal project in WA.
Strickland Metals may be on the cusp of a major porphyry discovery after its diamond drill rig intercepted a whopping 493m intercept of 0.14 g/t gold from 223m at its Jezerska Reka prospect, part of the company’s Rogozna gold and base metal project in Serbia. Assays revealed a 412m section grading 130ppm copper from 300m, ending in gold and copper mineralisation at 700m depth.
Strickland Metals has jagged a massive 7.5-kilometre intrusion-related gold system next to its 109,000-ounce Dusk ’til Dawn gold deposit which is part of the company’s wider Yandal project in Western Australia’s Eastern Goldfields. Strickland spent several months pouring over new geophysics and geochemical analysis of the area before overlaying the findings with historic exploration data.
Strickland Metals has launched a 50,000-metre diamond drilling program, the biggest yet at its Rogozna gold and base metals project, in the giant Tethyan Metallogenic Belt in southern Serbia’s Raška district. The campaign aims to expand the existing combined 6.69-million-ounce gold equivalent resource at Rogozna and if possible, improve grades and iron-out grade variation and spatial distribution in its resource models.
Metallurgical test work by Strickland Metals on the Palomino deposit at its Horse Well gold camp in Western Australia’s northeastern goldfields has notched up whopping gold recovery rates of up to 88.6 per cent. Using six composite rock samples from the deposit, the study found the gold mineralisation is highly amenable to the normal processing techniques of three-stage crushing, followed by gravity and cyanide leach processing.
Strickland Metals has delivered a major 670,000-ounce gold equivalent resource upgrade at its Rogozna project in Serbia, pushing the total to 7.4 million ounces - up 2m ounces in just nine months. The flagship Shanac deposit now hosts 5.3m ounces at 1.1g/t, including a high-grade core of 1.85m ounces at 1.8g/t, all discovered at just $3 per ounce.
Strickland Metals has reinforced its drilling capacity at its Rogozna gold-base metals project in southern Serbia with the addition of a fifth rig, which has already begun work at its Obradov Potok prospect. Coincident multi-element gold-arsenic soil and an induced polarisation anomaly with surface hydrothermal alteration were identified at the 4sqkm prospect, which is 3.5km southwest of the company’s 5.3-million-ounce gold equivalent Shanac gold resource.
Strickland Metals has added 143,400 ounces of gold to the combined mineral resource for its Horse Well camp, boosting its resource to 4.68 million tonnes at a respectable 1.94 grams per tonne for 291,500 ounces. Combined with the 108,900 ounce Dusk ‘til Dawn deposit, the update lifts the total Yandal project inferred resource to an imposing 8.17 million tonnes at 1.52 g/t gold tonne for 400,400 ounces of gold.
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