Advance pushes 100-million-ounce silver mark with new Mexican project
Advance has signed a binding agreement with the United States and Canadian-listed miner and explorer Endeavour Silver Corp to fully acquire the project over four years.
The project contains a solid gold foreign estimate that adds to the company's growing silver stack. It is in the same region as the high-grade Copalquin gold-silver project being explored by ASX-listed Mithril Silver and Gold, about 80 kilometres southwest.
Guadalupe y Calvo comprises a non-JORC compliant foreign estimate of 9.5 million tonnes grading 2.7 grams per tonne (g/t) gold-equivalent for 816,000 ounces gold-equivalent or 60.6M ounces silver-equivalent.
The silver component complements previous foreign estimates of 17.23M ounces silver-equivalent at its Yoquivo project, about 245km northwest, and 22.4M ounces silver-equivalent at its Gavilanes project in the state of Durango, to total more than a stellar 100M silver-equivalent ounces.
'Advance is now positioned as the largest ASX participant in the silver-gold exploration and development space in Mexico, with enormous upside potential from all three of our projects.'
Advance Metals managing director Dr Adam McKinnon
Previous highlight drilling results at Guadalupe y Calvo from an estimated 86,000 metres of exploration and resource definition drilling include 6.5m at 3.6g/t gold and 3646g/t silver from 38.5m, 15m going 16.8g/t gold with 373g/t silver from 36m and a 4m chunk of 15.9g/t gold and 1225g/t silver from a depth of 290m.
Narrow high-grade intervals of 1.45m grading 23.4g/t gold and 1105g/t silver from 86.6m and a 1.95m slice at 22.5g/t gold and 1456g/t silver from 553m add to the impressive drill results.
The foreign estimate contains a high-grade indicated and inferred underground portion consisting of 3.05Mt running at 5g/t gold-equivalent for an impressive 494,000 gold-equivalent ounces.
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News.com.au
3 hours ago
- News.com.au
Innovation isn't enough – why Morgans says profitability drives ASX healthcare success
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News.com.au
4 hours ago
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Cry? Argentina's laughing as companies flock to join its mining industry
Argentinean President Javier Milei's investment-friendly policies are helping draw mining companies This is combined with the lure of rich, yet underexplored ground across the country Minerals such as lithium, copper and gold are some of the big drawcards for explorers and miners alike Argentina is increasingly being seen as an attractive destination for resources investment, standing out even amongst the other well-endowed jurisdictions of South America. Regardless of how one might view maverick President Javier Milei, who swept to power in a landslide victory in December 2023, credit must go where credit is due. His economic reforms have certainly contributed to the creation of a more dynamic and business-friendly environment in the country. This includes the introduction of policies such as the Large Investment Incentive Regime (RIGI) that offers tax, customs, and exchange rate benefits for investments of more than US$200 million. 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The broader project is already fully permitted and has the first EIA approved in San Juan gold mining for over 10 years. An EIA amendment is needed for trucking the ore to the toll mill, along with an explosives approval for drill and blast contractor Orica, with Knauer saying time frames have been as expected. On the copper front, Belararox (ASX:BRX) operates the Toro-Malambo-Tambo (TMT) project down the road from BHP and Lundin's Filo Del Sol copper deposit, recently revealed to be among the largest global copper finds of the past 30 years in a hint the underexplored Vicuna border region of Argentina and Chile could host more tier-1 copper projects. Recent Phase 1 drilling tested two of several high priority target areas with the Tambo South target returning wide and continuous anomalous copper zones. 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There is also immediate proximity to railroads, electricity and gas pipelines. Cauchari Ines 01 sits within a known geological district with significant lithium and potassium sampling and is near the San Antonio de los Cobres and Pocitos industrial centre. Mineralisation in the Cauchari Salar include borates, sulphates, carbonates and brines rich in lithium, potassium, boron and rare earths. Significant concentrations of lithium were determined in brines from the Cauchari Salt Lake area at the northern end of the company's claim boundary.
News.com.au
4 hours ago
- News.com.au
High Voltage: US graphite stocks gain 40pc advantage thanks to anti-dumping tariff on China
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International Graphite (ASX:IG6) owns the Springdale deposit and proposed Collie plant, and Green Critical Minerals (ASX:GCM) owns 80% of the 1.1Mt McIntosh project, but has moved into the technology space, beginning production runs of its Very High Density (VHD) graphite block technology, with first revenue expected in H1 CY26. The tech has thermal management applications in sectors from global electronics, semiconductor and microchip manufacturers, to data centre operators. Battery Metals Winners and Losers Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>> Battery metals stocks missing from our list? 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Talisman Mining 0.16 14% 23% -22% -38% $29,189,654 LIN Lindian Resources 0.099 14% -6% -6% -14% $124,259,335 MIN Mineral Resources. 31.17 14% 52% -12% -43% $6,025,260,399 NVX Novonix Limited 0.54 14% 44% -8% -20% $372,320,697 WCN White Cliff Min Ltd 0.025 14% 25% 25% 56% $60,334,654 RBX Resource B 0.034 13% 36% 6% -15% $3,916,272 RAS Ragusa Minerals Ltd 0.017 13% 21% 42% 6% $3,029,379 RNU Renascor Res Ltd 0.069 13% 23% 21% -22% $180,563,960 CTM Centaurus Metals Ltd 0.395 13% 20% -2% 10% $191,229,967 NVA Nova Minerals Ltd 0.265 13% -18% -22% 23% $104,390,368 VRC Volt Resources Ltd 0.0045 13% 13% 50% -10% $23,424,247 GSM Golden State Mining 0.009 13% 20% 13% -25% $2,514,336 RIE Riedel Resources Ltd 0.036 13% 38% 9% -40% $3,077,225 PNN Power Minerals Ltd 0.065 12% 12% -29% -38% $9,239,642 E25 Element 25 Ltd 0.2575 12% 20% -11% 7% $59,439,224 LTR Liontown Resources 0.9225 12% 41% 40% -6% $2,259,346,631 ZEU Zeus Resources Ltd 0.019 12% 58% 171% 111% $14,348,733 LOT Lotus Resources Ltd 0.195 11% 0% -22% -33% $438,423,546 IGO IGO Limited 5.265 11% 36% 1% -6% $3,945,365,306 G88 Golden Mile Res Ltd 0.01 11% -23% 0% -9% $4,898,231 NC1 Nicoresourceslimited 0.1 11% 14% 11% -29% $12,345,058 WC1 Westcobarmetals 0.02 11% 5% -9% -35% $4,375,969 CY5 Cygnus Metals Ltd 0.1 11% 16% -29% 64% $106,326,218 GCM Green Critical Min 0.031 11% 29% 63% 933% $76,317,142 SCN Scorpion Minerals 0.021 11% 11% 0% 24% $9,957,068 ADD Adavale Resource Ltd 0.022 10% 10% -45% -73% $4,203,970 GL1 Globallith 0.22 10% 54% 22% -24% $54,963,746 STM Sunstone Metals Ltd 0.0165 10% 10% 136% 83% $92,353,480 YAR Yari Minerals Ltd 0.011 10% 0% 267% 267% $6,894,638 ITM Itech Minerals Ltd 0.033 10% 3% -40% -59% $5,637,568 ARV Artemis Resources 0.0055 10% 10% -39% -45% $12,678,361 OCN Oceanalithiumlimited 0.068 10% 3% 152% 79% $11,621,877 ILU Iluka Resources 5.35 10% 56% 16% -14% $2,315,878,466 VTM Victory Metals Ltd 1.26 10% 52% 245% 260% $136,381,295 S32 South32 Limited 3.14 9% 10% -11% 5% $14,141,414,280 MEK Meeka Metals Limited 0.1525 9% 2% 39% 301% $437,355,776 RIO Rio Tinto Limited 120.02 9% 18% 2% 5% $44,349,201,087 REC Rechargemetals 0.013 8% -7% -32% -58% $3,340,870 HAV Havilah Resources 0.195 8% 11% -11% -5% $66,154,978 PAT Patriot Resourcesltd 0.055 8% 0% 25% 8% $9,076,235 GLN Galan Lithium Ltd 0.145 7% 53% 21% -4% $139,772,833 JLL Jindalee Lithium Ltd 0.45 7% 14% 120% 53% $38,338,006 LM1 Leeuwin Metals Ltd 0.15 7% 15% 25% 83% $15,120,958 NIC Nickel Industries 0.7925 7% 14% -5% 1% $3,407,634,662 BHP BHP Group Limited 41.87 7% 17% 7% 1% $212,430,275,035 DLI Delta Lithium 0.165 6% -8% -3% -23% $121,812,105 GAL Galileo Mining Ltd 0.17 6% 62% 10% -6% $33,596,238 EMH European Metals Hldg 0.17 6% -3% 26% -35% $33,191,153 LSR Lodestar Minerals 0.017 6% 183% 21% -15% $6,759,038 A4N Alpha Hpa Ltd 0.94 6% 18% 7% 18% $1,074,467,171 SRK Strike Resources 0.035 6% 0% 17% 0% $9,931,250 EMN Euromanganese 0.185 6% -3% 12% -45% $9,413,767 WC8 Wildcat Resources 0.185 6% 42% -21% -27% $260,630,845 AVL Aust Vanadium Ltd 0.0095 6% 19% -32% -41% $86,346,581 BM8 Battery Age Minerals 0.062 5% 7% -37% -52% $9,411,713 MAN Mandrake Res Ltd 0.021 5% 11% -5% -22% $13,172,458 LIT Livium Ltd 0.0105 5% 17% -38% -50% $16,909,071 VML Vital Metals Limited 0.105 5% 5% -30% -40% $12,968,919 RXL Rox Resources 0.315 5% 15% 43% 117% $238,911,961 WIN WIN Metals 0.021 5% 17% 0% -13% $10,451,110 LYC Lynas Rare Earths 10.505 5% 15% 58% 75% $9,485,431,282 VRX VRX Silica Ltd 0.085 5% 6% 85% 130% $65,762,689 GED Golden Deeps 0.022 5% 5% -8% -35% $4,073,891 KM1 Kalimetalslimited 0.11 5% 45% -12% -42% $9,113,220 BC8 Black Cat Syndicate 0.8525 5% 5% 24% 154% $608,543,633 NTU Northern Min Ltd 0.0345 5% 11% 64% 15% $292,500,454 CAE Cannindah Resources 0.024 4% 0% -38% -56% $16,745,839 FML Focus Minerals Ltd 0.395 4% 5% 88% 182% $116,056,251 PBL Parabellumresources 0.053 4% 4% -4% 33% $3,301,900 FRS Forrestaniaresources 0.145 4% 107% 1350% 326% $37,322,691 GW1 Greenwing Resources 0.029 4% 21% -17% -40% $8,564,078 FTL Firetail Resources 0.088 4% 17% 22% 47% $32,682,406 KNG Kingsland Minerals 0.15 3% 92% 15% -25% $10,521,332 JMS Jupiter Mines. 0.2275 3% 14% 57% -11% $441,234,396 ADV Ardiden Ltd 0.155 3% 7% 7% 15% $10,315,388 NWC New World Resources 0.067 3% 18% 319% 131% $239,570,336 CHN Chalice Mining Ltd 1.8575 3% 20% 55% 71% $729,425,228 DM1 Desert Metals 0.0215 2% 2% -7% -28% $9,730,305 SUM Summitminerals 0.044 2% 29% -66% -78% $4,517,380 ALK Alkane Resources Ltd 0.69 2% -5% 31% 37% $417,823,905 CWX Carawine Resources 0.097 2% -1% -8% 13% $22,904,169 HAW Hawthorn Resources 0.055 2% -5% 20% -20% $18,425,859 OMH OM Holdings Limited 0.325 2% 12% -7% -25% $241,370,892 MEI Meteoric Resources 0.1625 2% 30% 93% 35% $362,291,231 NMT Neometals Ltd 0.069 1% 10% -14% -4% $53,859,756 BSX Blackstone Ltd 0.074 1% -14% 174% 76% $129,891,858 SFR Sandfire Resources 11.17 1% 1% 13% 33% $5,173,739,862 ASM Ausstratmaterials 0.72 1% 35% 47% 5% $130,565,291 PTR Petratherm Ltd 0.3725 1% 33% -10% 2091% $131,713,613 IDA Indiana Resources 0.086 1% 10% 32% 85% $56,560,456 CXO Core Lithium 0.11 0% 31% 18% 12% $246,446,788 RIL Redivium Limited 0.004 0% 0% 0% 100% $13,609,422 COB Cobalt Blue Ltd 0.054 0% -5% -16% -33% $24,021,298 LPD Lepidico Ltd 0.002 0% 0% 0% 0% $17,178,371 MRD Mount Ridley Mines 0.0025 0% 25% -17% -75% $1,946,223 CZN Corazon Ltd 0.002 0% 0% 0% -60% $2,369,145 CLA Celsius Resource Ltd 0.007 0% 0% -30% -46% $20,380,675 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 AXN Alliance Nickel Ltd 0.034 0% -3% -8% -11% $24,678,547 AAJ Aruma Resources Ltd 0.008 0% -11% -20% -27% $2,623,524 TKL Traka Resources 0.001 0% -50% 0% 0% $2,125,790 ATM Aneka Tambang 1.105 0% 0% 24% 3% $1,440,532 LEL Lithenergy 0.37 0% 0% 0% 1% $41,440,581 MRC Mineral Commodities 0.026 0% 0% 0% 0% $25,596,288 PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467 WKT Walkabout Resources 0.095 0% 0% 0% -10% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -22% -30% $1,905,020 BOA BOA Resources Ltd 0.018 0% -10% -18% -10% $2,220,351 MQR Marquee Resource Ltd 0.009 0% 0% -18% -18% $5,024,723 MRR Minrex Resources Ltd 0.008 0% 0% 0% -11% $8,678,940 DTM Dart Mining NL 0.003 0% 0% -70% -84% $4,792,222 EMS Eastern Metals 0.01 0% 0% -33% -68% $1,394,262 IMI Infinitymining 0.009 0% 0% -10% -44% $3,807,142 TEM Tempest Minerals 0.005 0% 25% 0% -44% $5,508,975 EMC Everest Metals Corp 0.135 0% 4% -7% 8% $32,499,032 OB1 Orbminco Limited 0.001 0% 0% -40% -60% $3,402,568 KOR Korab Resources 0.008 0% 0% 0% 0% $2,936,400 CMX Chemxmaterials 0.026 0% 0% 0% -42% $3,354,580 ENV Enova Mining Limited 0.006 0% -25% 20% -40% $8,745,600 AVW Avira Resources Ltd 0.007 0% 0% -65% -65% $1,610,000 NWM Norwest Minerals 0.014 0% 17% 9% -44% $14,525,378 RGL Riversgold 0.004 0% 0% 33% -33% $6,734,850 THR Thor Energy PLC 0.009 0% 0% -22% -44% $6,397,109 ODE Odessa Minerals Ltd 0.006 0% -14% -8% 140% $9,597,195 AZI Altamin Limited 0.019 0% -10% -14% -42% $10,915,555 LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182 CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $3,017,699 PEK Peak Rare Earths Ltd 0.31 0% 11% 114% 102% $133,466,467 TAR Taruga Minerals 0.008 0% 14% -11% -11% $5,710,032 DRE Dreadnought Resources Ltd 0.011 0% 10% -8% -52% $55,874,500 KFM Kingfisher Mining 0.047 0% -6% 31% -33% $2,524,605 GRL Godolphin Resources 0.011 0% 22% -21% -21% $5,386,480 LNR Lanthanein Resources 0.001 0% 33% -47% -67% $2,810,182 EV1 Evolutionenergy 0.016 0% 33% -16% -48% $5,802,408 OM1 Omnia Metals Group 0.012 0% 0% -85% -85% $2,605,100 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.002 0% 0% -40% -66% $6,457,219 LU7 Lithium Universe Ltd 0.007 0% 17% -30% -55% $6,551,857 TMX Terrain Minerals 0.0025 0% 25% -38% -17% $6,329,536 ANX Anax Metals Ltd 0.007 0% 0% -30% -73% $6,179,653 RON Roninresourcesltd 0.15 0% -9% -23% 25% $6,056,252 ASR Asra Minerals Ltd 0.002 0% 0% -33% -67% $8,000,396 AEE Aura Energy 0.165 0% 6% 6% 18% $151,427,524 AMD Arrow Minerals 0.02 0% 0% -55% -67% $17,555,332 CUL Cullen Resources 0.005 0% 67% 0% -33% $3,467,009 HWK Hawk Resources. 0.02 0% 33% -9% -44% $5,418,589 ORN Orion Minerals Ltd 0.01 0% 0% -33% -41% $72,816,361 SER Strategic Energy 0.006 0% -8% -25% -60% $4,697,233 SVY Stavely Minerals Ltd 0.019 0% 73% 6% -30% $10,336,800 SVM Sovereign Metals 0.74 -1% 13% -2% 13% $488,438,721 NST Northern Star 16.305 -1% -18% -6% 16% $23,813,905,145 QGL Quantum Graphite 0.49 -1% 2% 5% -15% $165,594,537 KNI Kunikolimited 0.093 -1% -19% -44% -54% $8,083,957 DEV Devex Resources Ltd 0.086 -1% 9% -10% -66% $38,868,779 ASL Andean Silver 1.365 -1% 31% 41% 80% $221,489,388 HAS Hastings Tech Met 0.29 -2% 9% -5% -15% $59,073,040 DVP Develop Global Ltd 4.6 -2% -4% 107% 145% $1,530,301,137 CHR Charger Metals 0.05 -2% 14% -25% -18% $3,948,433 SLM Solismineralsltd 0.081 -2% -8% 21% -40% $11,427,494 BUR Burleyminerals 0.04 -2% -13% -49% -61% $7,366,692 WA1 Wa1Resourcesltd 17.34 -3% 21% 31% 16% $1,167,687,454 ABX ABX Group Limited 0.038 -3% -5% -16% -31% $9,571,497 RVT Richmond Vanadium 0.073 -3% -26% -56% -76% $15,772,687 PSC Prospect Res Ltd 0.18 -3% 16% 87% 44% $129,608,628 PFE Pantera Lithium 0.018 -3% 50% 6% -39% $8,764,998 QPM QPM Energy Limited 0.035 -3% 0% -50% 0% $102,523,345 EFE Eastern Resources 0.031 -3% 0% -3% -38% $3,908,788 A11 Atlantic Lithium 0.155 -3% -3% -38% -59% $103,972,097 FG1 Flynngold 0.029 -3% -9% 16% 0% $11,348,178 HMX Hammer Metals Ltd 0.029 -3% -9% -6% -28% $26,632,761 SFM Santa Fe Minerals 0.27 -4% 671% 694% 744% $21,117,449 OD6 Od6Metalsltd 0.026 -4% 0% -61% -47% $4,172,167 1AE Auroraenergymetals 0.049 -4% -11% -18% -25% $8,774,123 MLX Metals X Limited 0.655 -4% 24% 44% 49% $571,722,542 BMM Bayanminingandmin 0.063 -5% 80% 26% -7% $6,879,941 ARL Ardea Resources Ltd 0.41 -5% 3% 15% -15% $85,217,231 RAG Ragnar Metals Ltd 0.02 -5% 0% 3% 0% $9,479,720 AXE Archer Materials 0.285 -5% 24% -35% -8% $72,631,399 S2R S2 Resources 0.0665 -5% 2% -11% -40% $32,996,123 EVR Ev Resources Ltd 0.0095 -5% 36% 280% 88% $20,047,530 ARN Aldoro Resources 0.35 -5% 8% 23% 332% $64,182,702 SRZ Stellar Resources 0.017 -6% 13% 21% -15% $35,355,760 PUR Pursuit Minerals 0.067 -6% 81% -18% -55% $6,682,176 ICL Iceni Gold 0.066 -6% 12% -6% 0% $22,657,892 RMX Red Mount Min Ltd 0.008 -6% -11% 0% -20% $4,658,367 AX8 Accelerate Resources 0.008 -6% 33% -27% -33% $6,537,510 ZNC Zenith Minerals Ltd 0.032 -6% -14% -29% -40% $16,942,576 CRI Critica ltd 0.016 -6% -6% -16% -11% $45,869,097 1MC Morella Corporation 0.015 -6% -12% -38% -65% $5,526,435 M24 Mamba Exploration 0.015 -6% 20% -12% 25% $4,722,650 AUZ Australian Mines Ltd 0.007 -7% -22% -42% -22% $12,832,591 ETM Energy Transition 0.0475 -7% 10% -40% 138% $71,364,799 MTC Metalstech Ltd 0.135 -7% -4% 0% -40% $29,977,420 EGR Ecograf Limited 0.335 -7% 20% 264% 191% $154,438,818 ESR Estrella Res Ltd 0.04 -7% -23% 54% 900% $84,306,531 LLM Loyal Metals Ltd 0.2 -7% 54% 111% 60% $21,573,943 FBM Future Battery 0.026 -7% 44% 0% 4% $14,809,543 LML Lincoln Minerals 0.0065 -7% 30% 8% 8% $13,666,703 A8G Australasian Metals 0.062 -7% -6% -17% -23% $3,589,163 FLG Flagship Min Ltd 0.055 -8% 22% 28% -32% $13,196,926 NH3 Nh3Cleanenergyltd 0.055 -8% 112% 206% 323% $34,366,799 PGM Platina Resources 0.021 -9% 5% 11% -16% $13,086,787 LRV Larvottoresources 0.725 -9% 33% 8% 504% $299,001,368 CNB Carnaby Resource Ltd 0.41 -9% 12% 19% -23% $95,923,321 SBR Sabre Resources 0.009 -10% 13% 6% -36% $3,550,157 SRI Sipa Resources Ltd 0.018 -10% 29% 29% 0% $7,495,170 WR1 Winsome Resources 0.18 -10% 44% -63% -70% $47,573,848 LCY Legacy Iron Ore 0.009 -10% 0% 0% -48% $87,858,383 MNB Minbos Resources Ltd 0.045 -10% 7% -18% -32% $44,852,282 GBR Greatbould Resources 0.06 -10% -5% 28% 11% $58,927,864 ARU Arafura Rare Earths 0.1925 -10% 17% 54% 1% $492,865,738 BUX Buxton Resources Ltd 0.042 -11% 8% 5% -48% $13,744,236 MHK Metalhawk. 0.37 -11% -20% 12% 612% $46,272,211 LEG Legend Mining 0.008 -11% 33% -20% -38% $23,315,817 M2R Miramar 0.004 -11% 33% 0% -64% $2,990,470 SRL Sunrise 1.32 -12% 103% 313% 207% $147,101,074 VMC Venus Metals Cor Ltd 0.105 -13% -5% 62% 21% $21,574,155 PNT Panthermetalsltd 0.0095 -14% -27% 6% -62% $3,009,045 QEM QEM Limited 0.029 -15% -24% -59% -78% $6,855,610 DYM Dynamicmetalslimited 0.23 -15% -10% -15% 35% $9,816,868 MTM Metallium Ltd 0.74 -15% 17% 190% 1847% $380,883,366 KAI Kairos Minerals Ltd 0.025 -17% -22% 79% 194% $67,088,261 HRE Heavy Rare Earths 0.046 -18% 35% 53% 60% $9,361,525 AQD Ausquest Limited 0.044 -19% -24% 83% 313% $61,242,106 MOH Moho Resources 0.004 -20% 0% -20% -20% $3,727,070 CRR Critical Resources 0.004 -20% 14% -33% -56% $13,850,427 ARR American Rare Earths 0.345 -21% 41% 21% 28% $206,518,936 CMO Cosmometalslimited 0.018 -22% 6% 21% -60% $5,798,441 REE Rarex Limited 0.0205 -24% 8% 156% 37% $18,403,280 BNR Bulletin Res Ltd 0.046 -25% -19% 28% -6% $17,029,573 BYH Bryah Resources Ltd 0.006 -25% -50% 50% 33% $6,001,195 AOA Ausmon Resorces 0.0015 -25% -25% 0% -50% $2,622,427 ENT Enterprise Metals 0.002 -33% -33% -33% -33% $3,428,293 AYM Australia United Min 0.002 -33% 0% 0% -33% $3,685,155 Weekly Small Cap Standouts Helix Resources (ASX:HLX) HLX is zeroing in on two distinct copper-gold systems at the White Hills project in Arizona, US, with a combination of geophysical, geological and geochemical results. Two geological formations meet on the project's tenure. Management reckons there's evidence of copper at the northern end of the Arizona Arc formation, while a fault-style gold system sits at the southern end of the Walker Lane gold trend, both within the project area. "With growing interest and policy support for domestic copper production in the U.S., the project is ideally positioned to benefit from this momentum,' executive chairman Mike Povey said. While prices are not soaring the same as gold, the red metal is currently fetching between US$4.50-5.50/lb at the time of writing, reflecting a big arbitrage weighted to the US market, with tariffs on the horizon. Vanadium Resources (ASX:VR8) The company has signed an offtake agreement for the supply of 100,000 tonnes of vanadium-rich magnetite direct shipping ore (DSO) each month from the world-class Steelpoortdrift vanadium project in South Africa. The offtake positions VR8 to transition from developer to producer and is a fillip as the company advances its near-term cash flow strategy aimed at unlocking value from Steelpoortdrift's vast JORC resource, while preserving the flexibility to pursue full-scale development as market conditions improve. Due to the absence of a standard spot price for the DSO product, the agreement, which is valid for two years, is also conditional on subsidiary VanRes finalising pricing terms with CPAL by August 30, 2025. Executive chairman Jurie Wessels said alongside this negotiations with other potential offtakers are also progressing. 'These may lead to the staged or full-scale development of beneficiation through concentration capacity, enabling the production of higher-grade ore,' he said. 'Concurrently, we are assessing commercialisation opportunities with entities that possess downstream processing capabilities.' Patriot Battery Metals (ASX:PMT) This week the company confirmed that the Shaakichiuwaanaan project in Canada hosts the world's largest pollucite-hosted caesium pegmatite deposit. PMT declared a maiden Caesium Zone resource estimate of 163,000t at 10.25% caesium, 1.78% lithium, and 646 ppm tantalum (indicated) at the Rigel zone, and 530,000t at 2.61% caesium, 2.23% lithium, and 172 ppm tantalum (indicated) at the Vega zone. President, CEO and managing director Ken Brinsden said what's particularly existing for investors is that the addressable market for caesium appears to be at a key inflexion point, 'with its ability to improve the efficiency and stability of next generation terrestrial solar technologies having the potential to drive a massive increase in global demand.' 'Shaakichiuwaanaan stands to play a driving role in the growth of this exciting new market,' he said. 'As we finalise the maiden lithium-only Feasibility Study for the CV5 Pegmatite, we are excited to start work on unlocking the enormous potential of the caesium resource.' Shaakichiuwaanaan is already North America's largest hard rock spodumene hosted lithium resource. At Stockhead, we tell it like it is. While Renascor Resources, Kingsland Minerals, iTech Minerals, Buxton Resources and Green Critical Minerals are Stockhead advertisers, they did not sponsor this article.
