News

Western Mines Group Ltd (ASX: WMG) has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Ni-Co-Cu-PGE Project in Western Australia, marking a significant milestone in its exploration efforts.

Key Highlights:

• A substantial Mineral Resource Estimate has been defined, totalling 1,968 million tonnes grading 0.27% Nickel, 131ppm Cobalt, 82ppm Copper, and 17ppb Platinum plus Palladium (Pt+Pd).

• Contained metals within this resource include 5.3 million tonnes of Nickel, 257,000 tonnes of Cobalt, 161,000 tonnes of Copper, and 1.1 million ounces of Platinum and Palladium.

• Indicated Resource of 565 million tonnes at 0.28% Nickel, with additional Inferred Resource of 1,403 million tonnes at 0.27% Nickel.

• Independent consultants ERM Australia have validated the modelling and estimation methods.

• The Mulga Tank project is considered to be the largest nickel sulphide deposit in Australia and among the top 10 globally.

Managing Director Dr Caedmon Marriott stated, "This resource represents a landmark achievement and confirms the global significance of the Mulga Tank Complex. Our immediate focus will shift to targeting higher-grade zones within this large-scale deposit."

Western Mines plans further exploration and resource definition drilling to expand and enhance the resource classification.

Further details can be found at www.westernmines.com.au.

Koonenberry Gold Limited (ASX: KNB) has reported impressive results from the first diamond drill hole at its Enmore Gold Project's Sunnyside Prospect in northeast New South Wales. Today, the company's share price reached a peak of 6.2 cents, marking an impressive percentage gain of 24%. This highlights significant potential for high-grade gold mineralisation.

Key Highlights:

• Exceptional intersection of 170 metres at 1.75g/t gold from 77 metres, including:

  • 18.3 metres at 9.95g/t gold from 172.9 metres

  • Peak assay of 0.3 metres at an outstanding 144.5g/t gold

• Assays confirm previous visible gold observations, correlating with intense veining, sulphides, and breccia zones.

• Gold mineralisation remains open up-dip, along strike, and at depth, indicating substantial exploration upside.

• Additional results from ongoing drilling (holes 2, 3, and 4) expected in April.

Managing Director Dan Power commented, “This initial drill result at Enmore is truly exciting. It validates historical findings and showcases Sunnyside's strong potential for broad, high-grade gold zones. Ongoing drilling aims to further expand our understanding of this promising system.”

Drilling continues actively at Sunnyside, with further results anticipated soon, reinforcing Koonenberry Gold's strategic exploration momentum.

For additional information, visit www.koonenberrygold.com.a

DevEx Resources Limited (ASX: DEV) is advancing exploration at its Nabarlek Uranium Project in the Northern Territory, following the identification of multiple large-scale uranium targets near the historic Nabarlek mine.

Key Highlights:

• Recent exploration results revealed significant uranium intercepts, including:

  • 6.0 metres at 7.6% U3O8 from 75 metres

  • 4.8 metres at 1.9% U3O8 from 80 metres

  • 16.0 metres at 0.23% U3O8 from 95 metres

• New exploration targets spanning several kilometres have been identified beneath sandstone cover and have never been drilled.

• Two newly granted tenements north of the historic mine significantly expand exploration opportunities and are adjacent to the Angularli Uranium Deposit.

• Field investigations are set to begin shortly, targeting priority areas for drilling.

Managing Director Todd Ross noted, “Our extensive review has identified significant new targets, highlighting Nabarlek’s considerable exploration potential. We are committed to accelerating our exploration to unlock this potential fully.”

In addition, DevEx is advancing field investigations at its Murphy West Project, exploring large, high-priority uranium anomalies.

For further details, visit www.devexresources.com.au.

Aruma Resources Limited (ASX: AAJ) has announced plans to commence the next phase of exploration following significant high-grade gallium assay results at its Saltwater Project in Western Australia's Pilbara region.

Key Highlights:

• Recent sampling at the Talmine Prospect returned exceptional gallium grades, including:

  • 136.05g/t Ga2O3

  • 60.87g/t Ga2O3

  • Multiple samples exceeding 30g/t Ga2O3.

• The next exploration phase will include:

  • Infill and extensional soil sampling to refine drill targets.

  • Further reconnaissance and rock chip sampling within the Talmine corridor.

  • Analysis of satellite, hyperspectral data, and gold/base metal indicators.

  • Reprocessing existing geophysical data for enhanced geological targeting.

• A drill-ready gold target has also been identified at the Terceira Prospect, with initial drilling planned following required approvals.

Managing Director Grant Ferguson noted, “The high-grade gallium results at Talmine highlight significant potential. Our upcoming exploration aims to further understand the project's geological structures and define drill-ready targets.”

The Saltwater Project, strategically located within the mineral-rich Ashburton Basin, positions Aruma effectively to capitalize on the growing demand for critical minerals like gallium.

For further updates, visit www.arumaresources.com.

Meeka Metals Limited (ASX: MEK) has achieved a significant milestone at its Murchison Gold Project in Western Australia, successfully installing a larger 750kW ball mill as part of ongoing expansion efforts at its processing plant.

Key Developments:

• A 750kW ball mill was installed, enhancing the plant’s gold processing capacity.
• Cyclone cluster and tank steel work installations are progressing rapidly, nearing completion.
• Open pit production has accelerated, achieving approximately 20,000 Bank Cubic Metres (BCM) daily, with first ore production expected in April 2025.
• The commissioning of the open pit heavy vehicle workshop has been completed, solidifying operational readiness.
• Access to the high-grade Andy Well underground mine has been established, and dewatering infrastructure has been installed. Underground ore development and diamond drilling are planned to commence in mid-2025.

Managing Director Tim Davidson commented, “The installation of the 750kW ball mill and completion of critical infrastructure represents significant progress for our project. Open pit operations are meeting targeted milestones, and the groundwork is now laid for increased underground activities."

Meeka Metals Accelerates Open Pit Mining and Underground Operations at Murchison

Meeka Metals Limited continues to advance operations at its Murchison Gold Project, reporting rapid progress in open pit mining at the St Anne’s North stage 1 pit and the commissioning of critical infrastructure at the high-grade Andy Well underground mine.

Recent Highlights:

• By the end of March, daily open pit material movement reached ~20k BCM, equating to an impressive monthly rate of ~600k BCM.
• Open pit support infrastructure, including administration complexes and workshops, is fully operational.
• Dewatering and primary underground services have been established at Andy Well, positioning the mine for ore development and exploration drilling from mid-2025.

Tim Davidson added, “We are particularly pleased with our operational teams’ performance, enabling us to maintain a rapid progression towards first ore production and eventual gold production by mid-2025.”

For more updates, visit www.meekametals.com.au.

Gold Road Resources (ASX: GOR) has reported encouraging initial results from the Gruyere underground drilling program, significantly extending the known mineralisation below its existing open pit operation.

Notable intersections from recent assays include:

• 119 metres at 1.10 g/t gold from 834 metres, including 33 metres at 1.57 g/t
• 54 metres at 1.62 g/t gold from 480 metres, including 28 metres at 1.99 g/t
• 87 metres at 0.86 g/t gold from 737 metres, including 18 metres at 2.20 g/t

Managing Director Duncan Gibbs stated the results confirm the continuity of the ore body and support the potential for profitable underground mining. The 60,000-metre drilling campaign is ongoing, with the goal of expanding Gruyere's mine life well beyond the current projections.

Further drilling and studies will continue over the next 15 months, with updates expected to reinforce the underground mining case for Gruyere.

Dreadnought Resources (ASX: DRE) has unveiled promising gold assay results from its Mangaroon Gold Project in Western Australia. The recent drilling highlighted robust potential for significant gold mineralisation, confirming both near-surface and deeper high-grade zones.

Key drill intercepts at Mangaroon include:

• 2 metres at 59.0 g/t gold from 16 metres depth
• 4 metres at 27.4 g/t gold from 80 metres
• 7 metres at 23.0 g/t gold from 53 metres
• 8 metres at 15.5 g/t gold from 89 metres

Managing Director Dean Tuck noted that these results significantly bolster Mangaroon's profile as an emerging gold camp. The ongoing drilling aims to expand the high-grade resource, with particular focus on the Star of Mangaroon and Popeye prospects. The company also plans to initiate gravity test work for potential onsite processing, further enhancing project economics.

Dreadnought anticipates further assays will confirm the continuity of these high-grade zones, supporting their strategy to commence open-pit mining in the near term.

Meeka Metals Limited (ASX: MEK) has reported significant gold assay results from recent infill and extensional drilling at Turnberry Central, part of its flagship Murchison Gold Project in Western Australia. The latest drill program revealed broad zones of high-grade gold, enhancing the project's potential ahead of planned open pit mining.

Key Highlights:

• Notable thick, high-grade intersections include:

  • 36 metres @ 2.82g/t Au from 89 metres, including:

    • 10 metres @ 4.67g/t Au

    • 11 metres @ 3.85g/t Au

  • 24 metres @ 1.89g/t Au from 46 metres, including 11 metres @ 2.67g/t Au

  • 22 metres @ 1.92g/t Au from 48 metres, including 5 metres @ 5.88g/t Au

• Additional shallow, high-grade gold intersections:

  • 6 metres @ 8.80g/t Au from 15 metres, including 1 metre @ 44.80g/t Au

  • 12 metres @ 2.68g/t Au from 71 metres, including 6 metres @ 4.12g/t Au

Managing Director Tim Davidson stated, "These broad zones of shallow high-grade gold will support high productivity and low-cost open pit mining. Open pit mining continues to ramp up at St Anne’s, and activities will soon expand to Turnberry Central."

Results from ongoing drilling will refine the grade control model and open pit design, progressing towards anticipated first gold production in mid-2025.

For more updates, visit www.meekametals.com.au.

Terrain Minerals Limited (ASX: TMX) has reported impressive results from reconnaissance drilling at its Lort River Project, located near Esperance in Western Australia, intersecting high-grade rare-earth mineralisation approaching 1% total rare earth oxide (TREO).

Key Highlights:

• Significant intersections include:

  • 8 metres @ 4,037ppm TREO from 23 metres downhole, including:

    • 1 metre @ 9,842ppm (0.98%) TREO

    • 1 metre @ 9,022ppm (0.90%) TREO

• Notably high concentrations of in-demand magnet rare earth elements (REEs), including neodymium (Nd2O3) up to 2,362ppm and praseodymium (Pr6O11) up to 647ppm.

• Mineralisation identified within clay horizons above granitic bedrock, suggesting significant exploration potential.

• Follow-up air core drilling campaign planned to rapidly assess the scale of the mineralisation.

Executive Director Justin Virgin stated, "These exceptional grades from our maiden drilling campaign confirm Lort River's strong potential for rare earths, positioning Terrain to aggressively expand exploration efforts and swiftly define an exploration target."

Terrain Minerals remains focused on critical minerals, including gallium, copper, and rare earths, aligning with strategic global demand driven by supply chain diversification from Chinese dominance.

Further updates and detailed exploration results can be found at www.terrainminerals.com.au.

Cannindah Resources Limited (ASX: CAE) has announced impressive results from the initial drill hole of its latest drilling program at the Mt Cannindah Copper-Gold Project in Queensland, significantly extending mineralisation beyond existing resource estimates.

Key Highlights:

• Hole CAE2024 intersected:

  • 71 metres at 0.95% Copper Equivalent (CuEq) from 127m, including 20m at 1.1% copper and 0.28g/t gold.

  • Within a broader intersection of 274 metres at 0.49% CuEq from 82m.

  • High-grade gold intercepts including 1 metre at 31.07 g/t Au from 464m and 1 metre at 5.14 g/t Au from 338m.

• The drilling extends known mineralisation, confirming continuity and filling data gaps between previously drilled high-grade zones.

• Drilling targets major IP anomalies near the current Mineral Resource Estimate (MRE) of 14.5Mt at 1.09% CuEq.

Managing Director Tom Pickett stated, "These outstanding results further highlight the potential of the Cannindah Mineral System, with significant copper and gold intersections reinforcing the system's substantial upside potential."

Further drilling at Mt Cannindah is planned, focusing on promising IP anomalies and expanding known high-grade zones.

For more information, visit www.cannindah.com.au.