EV Resources (ASX:EVR) has announced the effects of its first hole drilled in the allocation of top-grade Parag molybdenum in Peru. The first hole in Parag analyzed 332 meters with 1. 36% cop consistent with (CuEq), and intersections added 44 meters at 2. 18%. Tests are expected in the remaining 144 metres of the hole drilled at an intensity of 479 metres. Chief Executive Officer Hugh Callahan commented: “The high-level intersections verify Parag’s standing as the company’s flagship assignment. More importantly, delivering those superior grades throughout the entire duration of the reported near-surface intersections is very exciting as it supports our geologic style and warrants further exploration and drilling. “The stock is trading down 9. 09 consistent with 1 cent to 1 cent.
Venus Metals Corporation Limited (ASX: VMC) announced that drilling at its Youanmi Lithium allocation has shown a significant decrease in high-grade lithium at its Deep South prospect. The RC drill program tested areas with lithium-rich pegmatite outcrops and distinct geochemical soil anomalies. in shallow floor canopy areas. Matthew Hogan, CEO of Venus, commented: “These high-grade effects of our first drilling crusade at the Deep South Lithium Prospect pave the way for long-term exploration at this exciting prospect. In addition to the 24 m intersections with 1. 71% lithium, adding 14 m with 2. 54% lithium, we were pleasantly surprised by the tantalum enrichment within the pegmatites. With much of the observed mineralization open along strike, we look ahead to proceed with follow-up drilling to delineate the magnitude of the opportunity in Deep South. “Shares are trading at 11. 24 percent, up 9. 9 cents.
St George Mining Limited (ASX: SGQ) has announced the assay effects of the recently completed REE drill program at its Destiny assignment in Western Australia’s Eastern Goldfields region. The drilling program effectively showed the continuation of the announced discovery of rare earths in clay. via St George’s in December 2023. St George Mining Chief Executive John Prineas commented: “We are very pleased with the effects of our follow-on drilling programme, which has extended the lateral continuity of the rare footprint of earth mineralisation at Destiny. “The effects of the most recent assays verify that high-grade near-surface mineralization is widespread and consistent in terms of grades and thickness in the 15 km² zone drilled to date. This is a very giant footprint and, surprisingly, mineralization remains open everywhere. Addresses. Shares are trading at 2. 3 cents.
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Increases across all areas of Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.