Basic Materials

Juniors on Radar

Thu 09 Dec 21, 3:00am (AEST)

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Key Points

  • Five juniors with interesting announcements today

Cooper Metals announces strong assay results

Cooper Metals Ltd (ASX: CPM) has announced further strong assay results from its Mt Isa East copper and gold project, with new rock chip assays up to 15.75% Cu. 

Managing Director Ian Warland said the results “reaffirms the company’s strong belief in the potential for the Project to host significant new copper-gold discoveries.”

Peel Mining acquires Shuttleton Station

Peel Mining Ltd (ASX: PEX) has acquired Shuttleton Station, located 70km south of Cobar, NSWE. The 12,000 acre station provides Peel with security of tenure and land access to its 100%-owned Wirlong copper deposit. 

Managing director Rob Tyson commented:

”Shuttleton  also  provides  Peel  with  potential  for  significant  environmental  benefits, with possible opportunities to yield carbon and biodiversity offsets, important ancillary benefits as we pursue our goal to produce clean Australian copper.”

AuKing Mining completes first earn-in milestone

AuKing Mining Ltd (ASX: AKN) has achieved the first milestone under its Koongie Park joint venture agreement with Anglo Australian Resources NL (ASX: AAR), acquiring a further 25% interest by completing expenditure of $1.5m within 24 months. This takes AKN’s total interest to 50%. 

Koongie Park is located about 25kms south west of the regional centre of Halls Creek in north-eastern WA.

AKN intends to earn the final 25% interest in the Koongie Park copper and zinc project by incurring a further $1.5m within the next 12 months. The company is set to conduct drilling activities, with assay results to soon be announced. 

Aldoro Resources announces high-grade rubidium results at Wyemandoo project

Aldoro Resources Ltd (ASX: ARN) have received assay results from initial rock chip samples at its Wyemandoo project in Western Australia. According to today’s announcement, the grades average 0.38% rubidium (Rb), with a peak value of 1.82% Rb. 

Programme of work approval for further drilling is expected shortly. 

St George Mining Ltd (SGQ) announces seismic survey results at Mt Alexander nickel and copper project

St George Mining Ltd (ASX: SGQ) has today announced seismic survey data results at its Mt Alexander nickel and copper project. The data has identified  a new, large target – named S2 – in an underexplored intrusive structure located north of the highly mineralised Cathedrals Belt. 

S2 is rated as a priority target for the potential discovery of a large-scale Ni-Cu-PGE deposit. Drilling is scheduled to commence in late January.

Executive Chairman John Prineas commented:

“Our first-ever seismic survey at Mt Alexander continues to deliver strong results with another outstanding new target for a potential massive sulphide deposit.”

Written By

Jed Herne

Content & Strategy

After graduating with a 99.4 ATAR, Jed won 3 scholarships to Curtin University, where he earned his Bachelor's degree and served as a Student Ambassador. He is primarily interested in long-term passive index funds as a vehicle for financial independence. Outside of covering financial news, Jed is a published author, podcaster, and has an unhealthy obsession with bouldering.

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