The S&P/ASX 200 Materials Index opened 1.32% higher today, outperforming the ASX 200.
The non-lithium asset spinoff of Liontown Resources (ASX: LTR), Minerals 260 (ASX: MI6) has discovered a second significant copper-gold zone at the Moora Project in WA. The company's stock is up 9.4% in early trade.
Minerals 260 said that current results continue to demonstrate the potential of the Moora Project to host major precious and base metal discoveries.
Assays pending for 126 air-core hole drilling across other geochemical anomalies
First-pass and infill geochemical sampling across other parts of the Project area
Follow-up drilling planned for later in the year
Strickland Metals (ASX: STK) reported its first assays from the Millrose Gold Project in WA. The stock was up 15% as the market opened.
“It’s very exciting that assays are beginning to flow from our 2022 drilling campaign. Even more exciting is the fact we are intersecting such wide, consistent zones of gold. The result in MRRC089 – 55m @ 2.4g/t Au from 86m – is one of the most impressive assays to date out of all historic Millrose drilling,” CEO Andrew Bray said in a statement.
From the initial 16 drill holes, the first 6 have been received from the laboratory
Lefroy (ASX: LEX) shares rallied 22% in early trade after assays returned multiple significant intervals of gold and copper mineralisation.
“LEX will follow up as soon as possible. We will look north, south, east and deeper around the current excellent intersections to establish the size of what we already have to JORC resource status as soon as possible,” Chairman Gordon Galt said in a statement.
Assay results pending for AC drilling completed in February
Additional drill program scheduled to commence in May
Desert Metals (ASX: DM1) has returned a number of significant nickel intercepts at the Innouendy Project in WA.
Interestingly, multiple samples across 10 holes indicated elevated lanthanum, a rare earth element. A selection of samples have been submitted for further analysis to determine the presence of any rare earth elements. The company's stock is up 13% in early trade
Follow up drilling program planned to define the extent of the shallow mineralisation
Samples pending re-assay results for rare earths
Vanadium have caught the interest of investors, given its emerging use case as a sustainable battery solution for the renewable energy sector.
Surefire Resources (ASX: SRN) shares are up 15% on early trade after announcing plans to advance its Victory Bore / Unaly Hill Vanadium Project.
Diamond drilling is being planned
Updating project economic parameters for prefeasibility study
Initiated discussions with possible partners
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