Juniors on Radar: 5 ASX Explorers to Watch

By Market Index
Tue 11 Jan 22, 12:03pm (AEST)

Key Points

  • Five juniors with interesting announcements today
  • Tungsten Mining, Critical Resources, South Harz Potash, Austral Resources, Auris Minerals

Tungsten Mining to collaborate on Mt Mulgine Development

Tungsten Mining (ASX: TGN) has jumped 3.85% today after entering into an agreement with MCC International Incorporation Ltd (MCCI) to collaborate on feasibility studies at the Mt Mulgine project. MCCI is a major global engineering company.

Beyond the feasibility studies, the agreement also includes scope for assistance in financing the project’s implementation. 

CEO Craif Ferrier commented:

“We are delighted to be able to partner with an organisation with the capability and success of MCCI and look forward to a long and successful relationship”.

Critical Resources finds high grade sulphide

Critical Resources (ASX: CRR) has reported assay results for the first drill hole at the company’s Gibsons prospect. The drilling uncovered high grade mineralisation of sulphide, silver, zinc, and copper. 

Critical Resources Managing Director Alex Biggs said: 

”Exceptional results such as these prove to us that the Halls Peak project is a heavily mineralised system that warrants significant exploration.”

South Harz Potash achieves drilling approval

South Harz Potash (ASX: SHP) has received drilling approval for the second of two planned confirmation drill holes in the Ohmgebirge Mining Licence area of its South Harz Potash Project, located in Germany.

Managing Director Dr Chris Gilchrist commented:

“Securing this permit enables the comprehensive progression of our evaluation program for Ohmgebirge over coming months, which includes drilling both confirmatory drill holes and the completion of a Scoping Study on further development of this world-class potash asset.”

Austral Resources begins mining at Anthill 

After just two months since listing on the ASX, Austral Resources (ASX: AR1) has commenced mining at the company’s Anthill project. According to the company, Austral is on track to produce 10,000tpa of copper cathode from mid-2022. Investors responded positively to the news, with the company up 3.03% today.

Austral’s Chief Executive Officer, Steve Tambanis, commented:

“It’s pleasing to see site work conducted safely, on schedule and building momentum. This is a testament to the hard work of Austral’s employees and contractors.”

Auris Minerals to start maiden drill program

Auris Minerals (ASX: AUR) has mobilised a reverse circulation drill rig to site to complete a follow-up drilling programme at the Feather Cap Gold Project, located 95km north of Meekatharra, WA. This will further evaluate high-grade gold mineralisation identified in previous air core drilling.

Managing Director Mike Hendriks commented:

“This work will assist with ongoing interpretation of the Feather Cap – Durack East prospect as we continue to prove up our theory of the potential for a much larger mineralised strike of 6.2km gold system being hosted between the Morck Well and Feather Cap projects.”

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