Latest news with #AlbionResources
News.com.au
18-05-2025
- Business
- News.com.au
Albion could host WA's next big gold play CEO Peter Goh says
Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June.
Herald Sun
18-05-2025
- Business
- Herald Sun
ALB CEO driving discovery at WA gold play
Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Albion's new CEO Peter Goh is hunting for the next discovery in WA's Yandal gold province Yandal West project has the right geology in the right region with three mills nearby Company is confidence of project's potential considering current gold prices Albion Resources has a new CEO at the helm as it looks to unearth a major greenfields discovery in WA's Yandal gold province. The company holds the Yandal West project, which sits around 55km north of Northern Star Resources' (ASX:NST) Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce district producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. For new CEO Peter Goh, these are just some of the many X-factors that drew him to the role with Albion Resources (ASX:ALB). 'It's in the world class Yandal greenstone belt, and within 60km of us there's three processing plants, which was a huge strategic advantage and tick for me when I was doing my due diligence,' Goh said. 'Not only is this a big tick of approval for resource endowment in the area, with big players nearby, geologically we know there's gold mineralisation on the tenements, there's been historical drilling there, there's been historical mining there back in the 1900s and it's significantly underexplored. 'We think we can apply new exploration techniques and that will offer a really good opportunity in this rising gold market.' Gold bull market Coming from a background as a chartered accountant and an analyst building financial models with IPM Global before a stint in business development with Iluka Resources (ASX:ILU), Goh brings a wealth of knowledge and passion about junior resources and small caps to the company. With this background in financial analysis, when Goh says the company's finances are strong, he knows what he's on about. 'They've got $4m in the bank, a tight capital structure with only 132m shares on issue, and it has strong support from the top 20 shareholders, who have about 57% of the register,' Goh said. 'So with the geology and the finances, we have all the right ingredients to have some success here. 'When that opportunity came across my desk it was an easy decision to make the move over from the very structured role with Iluka into this small cap space, and I'm really excited about it.' That's a strong launching pad for a junior in the current gold market, with prices riding high at close to A$5000/oz. Peter Goh. Pic: ALB Don't need 1Moz to create value Goh notes that the landscape for gold exploration has shifted in the last few years, where historically juniors needed to demonstrate a pathway to 1Moz before really being taken seriously by the market and majors. Now some outperformers boast far smaller resources, which are cash printing machines with US dollar prices of around US$3150/oz. 'To the north of us is Strickland Metals (ASX:STK) who pulled up a 350,000oz deposit and they sold that to Northern Star (ASX:NST) for $61m in 2023,' Goh said. 'That's not a 1Moz deposit that's 350,000oz close to the Jundee mine. 'So that highlights that if processing plants are hungry, being close strategically offers some value for small scale deposits. 'We haven't started drilling and I don't want to get ahead of myself here, but you don't need that 1Moz mark to add value.' Goh also flagged new director Chris Tuckwell, who came along with the Yandal West acquisition, is another feather in the company's cap. 'That's a huge win for us,' he said. 'He has 11 years' experience with MACA, the mining contractor, so if we do have some success here, and obviously we've got to walk before we can run, but he will be invaluable to me and to the company as we try to unlock value for shareholders.' The Yandal West Project on the Yandal Greenstone Belt and major gold mines and discoveries and nearby operating companies. Pic: ALB Earlier this month, the company announced two promising drill targets identified via a dipole induced polarisation survey which have never been touched by the drill bit and are expected to be encountered at shallow depths. Albion is just waiting on soil samples to come through, with heritage surveys underway and plans drill these promising new targets as part of its maiden campaign in June. At Stockhead, we tell it like it is. While Albion Resources is a Stockhead advertiser, it did not sponsor this article. Originally published as Albion could host WA's next big gold play CEO Peter Goh says
The Australian
07-05-2025
- Business
- The Australian
Albion's standout WA gold targets
Albion Resources spots two walk up drill targets on the hunt for large-scale gold prospects at Yandal West. The drill targets (Collavilla West and East) are near historical gold hits, at surface, of up to 23.3g/t Au with potential to host an intrusive-hosted discovery. The project is in a multi-million-ounce gold region near Northern Star's legendary Jundee mine, with drilling planned for June. Special Report: Albion Resources has been given a major boost ahead of drilling in June in its hopes to unearth a major greenfields discovery in WA's rich Yandal gold province. A dipole dipole induced polarisation survey, which uses electrical signals to map potential disseminated sulphides and geological structures to penetrate targets beneath cover, has identified two high-priority targets at the Yandal West project never touched by the drill bit at shallow depths. Chargeability anomalies at Collavilla East and West begin near surface and extend to at least 300m depth, suggesting Albion Resources (ASX:ALB) has the potential to find something of significant scale close to surface in the historically significant WA gold district. Collavilla East anomaly sits below a 70m gold-bearing quartz reef mapped by Northpac Exploration in 1983, with 6 g/t Au as well as other high-grade rocks up to 23.3 g/t nearby. Even more exciting is the deep resistivity feature that suggests an intrusive source beneath both prospects is possible. Other granite or porphyry intrusive hosted deposits known to occur in Western Australia includes, the ~11Moz Hemi and ~6Moz Gruyere. There is more to come before drilling takes place. Soil assays are on their way, with onsite ground truthing and rock chip sampling fieldwork to be completed by mid-May and heritage surveys and approvals anticipated for Yandal West in late-May. Drill targets will then be prioritised ahead of the maiden campaign expected in June. 'We're very excited by the latest DDIP results, which have delivered high-priority, walk-up drill targets at Collavilla East and West,' Albion CEO Peter Goh said. 'The combination of strong geophysical anomalies, historical high-grade rock chips, and the presence of a mapped gold-bearing reef gives us real confidence in the potential of the system. The team is energised, as we move toward our maiden drill campaign at Yandal West.' Albion is zeroing in on its first drill targets at Yandal West. Pic: ALB ASX Announcement 6th May 2025. Multi-million ounce gold field Albion Resources secured the ground in a deal with Great Western Exploration (ASX:GTE) that closed in January, nabbing 80% of two exploration licences E53/1612 and E53/1816 and 100% of E53/1369. All tenements are located on the Barwidgee pastoral lease near Wiluna in central WA. Located in the Yandal Greenstone Belt, ALB holds 61km2 of ground 55km north of Northern Star's Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce province producing around ~274,000 oz in 2024. But the region is remote and remains incredibly underexplored. That was underlined by the success of Albion's neighbour Yandal Resources (ASX:YRL) , which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. On top of Collavilla East and West, Albion has already identified at least six other priority targets at Ives Find prospect from the gradient array IP survey which occur associated with a 4km by 750m granite where previous drilling has intersected up to 3m at 15 g/t Au (See ALB ASX Announcement 10th April 2025). In addition, the Barwdigee Fault prospect, is already a walk-up drill target to follow up historical drilling that returned 4m at 9g/t. The impending drill program could not be better timed, with gold prices sitting at better than US$3300/oz and more than $5000/oz in Aussie dollar terms. This article was developed in collaboration with Albion Resources, a Stockhead advertiser at the time of publishing, all figures and references are documented in the ALB ASX Announcement 6th May 2025. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
News.com.au
06-05-2025
- Business
- News.com.au
Resources Top 5: White Cliff turns heads with ‘globally significant' copper hit in Canada
White Cliff Minerals has returned 175m at 2.5% copper from 7.6m at its Rae copper project in Canada Planning is underway by Albion Resources for maiden drilling expected in June Hydrogen concentrations up to 96.1% have been confirmed at the Nemaha project in Kansas Your standout resources stocks for Tuesday, May 6, 2025 White Cliff Minerals (ASX:WCN) Assays from RC drilling have turned plenty of heads and flagged a globally significant copper intersection for White Cliff Minerals of 175m at 2.5% copper from 7.6m at its Rae copper project in Canada, with investors driving shares as much as 52.2% higher to 3.5c. As well as representing a high of almost seven years, more than 462m shares changed hands valued at almost $14m and WCN was one of the best performers among ASX small cap stocks. The Rae project is home to a number of historical non-JORC and 'blue sky' resource estimates, as well as up to 64.02% copper from rock chip assays indicating widespread outcropping copper throughout the 805km2 licensed area. It represents a district-scale opportunity at the pre-discovery stage, underpinned by the presence of high-grade volcanic-hosted copper-silver lodes and the prospect of a large tonnage sedimentary hosted copper deposit. New assay results have confirmed and validated the company's strategy to explore previously untested high-grade zones and vertical depth extension of mineralisation at the Danvers deposit. Highlights from hole DAN25008 include 175m at 2.5% copper and 8.66g/t silver from 7.6m, including 14m at 7.55% copper and 25.8g/t silver from 138m. Significantly, the last 60m of the hole averaged 3.9% copper and 14.96g/t silver to final depth of 182.88m and the hole ended in mineralisation with the last 1.5m sample recording 4.46% copper and 11.58g/t silver, open at depth. Another hole, DAN25001, returned 52m at 1.16% copper and 3.43g/t silver from surface, including 7.6m at 3% copper and 9.5g/t silver from 18.28m. White Cliff Minerals (ASX:WCN) said the drilling demonstrated the potential for significant expansion to the historical non-compliant resource, with the data to feed into a maiden JORC 2012-compliant mineral resource. 'We believe this drill hole ranks among the most significant copper intersections globally within the last 50 years and comfortably sits within the top 10 globally reported 'grade-metre' copper results,' WCN managing director Troy Whittaker said. 'With our work updating the geological understanding at Danvers, we adapted our drill targets and DAN25008 resulted in mineralisation at least 30 metres below historical limits, with the hole terminating in high-grade copper mineralisation – suggesting considerable additional potential at depth. 'The increase in grade toward the bottom of the hole is encouraging and is validation of our methodology. 'To illustrate the magnitude of this result, the DAN25001 intercept of 52m at 1.2% copper – a strong result in its own right – now appears modest when viewed alongside the 175m at 2.5% copper from DAN25008. 'In the context of global copper supply constraints, the company is well positioned to leverage these results with mineralisation from surface, supporting potential open pit mining activities and an open water port less than 80km from the deposit.' Follow up diamond drilling is being planned to drill out the mineralisation boundaries at Danvers, while the next five assays along strike from DAN25008 are due in the coming weeks. Albion Resources (ASX:ALB) Albion Resources has received a shot in the arm ahead of upcoming drilling as it hopes to unearth a major greenfields discovery at the West Yilgarn project in WA's Yandal gold province with shares as much as 9.2% higher to 6c. A dipole-dipole induced polarisation survey has identified two high-priority targets at the underexplored project. Chargeability anomalies at Collavilla East and West begin near surface and extend to at least 300m, suggesting Albion Resources (ASX:ALB) has the potential to find something of significant scale close to surface in the historically significant WA gold district. Historical rock chip sampling provides evidence of the presence of precious metals with assays ranging up to 23.3g/t and 0.6g/t, while Collavilla East sits beneath a 70m gold-bearing quartz reef mapped in 1983 by Northpac Exploration which graded up to 6g/t in parts. Also providing strong encouragement is the deep resistivity feature that suggests an intrusive source beneath both prospects. That is the kind of geological feature key to the most recent large gold finds in WA, the 11.2Moz Hemi and 6Moz Gruyere. There's more to come before drilling takes place. Soil assays are on their way, with onsite ground truthing and rock chip sampling due in mid-May and heritage surveys and approvals anticipated for Yandal West in late-May. Drill targets will then be prioritised ahead of the maiden campaign expected in June. 'We're very excited by the latest DDIP results, which have delivered high-priority, walk-up drill targets at Collavilla East and West,' Albion CEO Peter Goh said. 'The combination of strong geophysical anomalies, historical high-grade rock chips, and the presence of a mapped gold-bearing reef gives us real confidence in the potential of the system. The team is energised as we move toward our maiden drill campaign at Yandal West.' Located in the Yandal Greenstone Belt, ALB holds 61km2 of ground 55km north of Northern Star's Bronzewing gold mine and 60km south of its Jundee gold mine, a multi-million ounce province producing around 300,000ozpa. The region is, however, remote and remains underexplored as underlined by the success of neighbour Yandal Resources (ASX:YRL), which drew serious investor interest last year with the Siona gold discovery 20km southeast of Yandal West – 107m at 1g/t Au from 96m to end of hole. The upcoming drill program could not be better timed, with gold prices sitting at better than US$3300/oz and more than $5000/oz in Aussie dollar terms. HyTerra Limited (ASX:HYT) Strong progress is being made by HyTerra at the Nemaha hydrogen and helium project in Kansas and this is being rewarded with an increase in shares of 14.71% to a daily high of 3.9c. Laboratory analysis has confirmed hydrogen concentrations up to 96.1% within mud samples recovered from the Sue Duroche-3 well. The results validate historical occurrences of up to 92% hydrogen measured in the Sue Duroche-2 well that was drilled in 2009 while the mud log readings at various depths indicate the presence of a hydrogen play in this area. Adding further interest for Fortescue-backed HyTerra (ASX:HYT), elevated helium readings were also visible on the mud gas logs while drilling into the Pre-Cambrian basement. Corresponding samples are included in the remaining mud gas samples being sent to independent laboratories for verification and quantification. Sue Duroche-3 was drilled to a total depth of 3453ft (1052m) on time and on budget with the company planning a re-entry of the wellbore for downhole sampling and gas monitoring. 'To achieve some of the highest hydrogen concentrations ever seen in our first well is a great start,' executive director Benjamin Mee said. 'The company is looking forward to receiving the rest of the gas sample results from the labs. 'We are also pleased to see strong collaboration between HyTerra and local contractors to ensure efficient, safe delivery but also have the conviction to trial new techniques that will keep HyTerra at the forefront for unlocking natural hydrogen potential adjacent to markets.' Sun Silver (ASX:SS1) Phase 1 metallurgical testwork is set to begin at the Maverick Springs silver-gold asset in Nevada, US, as Sun Silver (ASX:SS1) aims to enhance recoveries and fine-tune processing strategies. Armed with a metallurgical review by SGS's Independent Metallurgical Operations, which confirmed the project's silver and gold recovery potential and identified opportunities to enhance processing efficiency, the company hopes tests will support the ongoing advancement of Maverick Springs. Previous testing by Newmont (2002), Vista Gold and Silver Standard Resources (2004, 2006) reinforced the recovery potential at Maverick Springs with outcomes including: Fine particle cyanide leach tests achieved silver recoveries up to 97.5% (2004) and 90.5% (2006), with gold recoveries up to 91.1% (2004) and 95.8%; Identified that higher cyanide dosages significantly improved silver extraction efficiency; and While flotation testing varied considerably, silver recoveries up to 83.7% were delivered with potential for further improvement through enhanced reagent selection and retention time adjustments. SS1 recently upgraded the resource at its flagship Maverick Springs project by 57Moz silver equivalent to 480Moz at 68.29g/t AgEq. This increase was driven by the 2024 drill campaign, which comprised ~7,500 metres of drilling for a total cost of $3.3 million – equating to a discovery cost of $0.058 per silver equivalent ounce. New resource modelling has also highlighted the potential for extensive mineralisation at- or near-surface in the southern part of the deposit, opening up new development opportunities and enhancing future production potential. Shares have reached 70c, an 8.6% increase on the company's previous close. Dateline Resources (ASX:DTR) Enjoying a bullish run is Dateline Resources which has risen from 0.9c on May 2 to 3.8c on May 6 topped off with a 73% lift from Monday's close and with more than 369m shares changing hands. The latest push comes after the company on Monday said that preparations were underway ahead of a rare earth elements focused drilling campaign at the Colosseum Mine in California. A detailed drilling plan will be finalised within one month and drilling contractor quotations will be sought immediately after. Colosseum Mine is in San Bernardino County just a few miles north of the world-class Mountain Pass rare earth mine, positioning it in a highly prospective REE region. Renowned REE geologists Dr Anthony Mariano and Tony Mariano have confirmed their availability to lead, design and guide the company's REE exploration program. The REE program will be carried out contemporaneously with DTR's planned gold feasibility study at Colosseum. 'The commencement of drilling preparations at Colosseum marks the start of an exciting new chapter for Dateline,' managing director Stephen Baghdadi said. 'We have built a strong foundation over the past three years, mapping rare-earth-rich fenites over considerable distances and pinpointing compelling targets with our gravity survey. 'Now, with drill planning being finalised, we are eager to test the potential of what could be a very significant rare earth system. 'It's especially gratifying to launch this program with the wind at our backs: we have the world's foremost rare earth experts guiding our exploration, and we've received clear confirmation from the US Government that we can pursue these development and funding opportunities fully.' This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While White Cliff Minerals, Albion Resources, HyTerra and Sun Silver are Stockhead advertisers, they did not sponsor this article.
Yahoo
30-01-2025
- Business
- Yahoo
Insider Spends AU$131k Buying More Shares In Albion Resources
Even if it's not a huge purchase, we think it was good to see that Steven Formica, the Independent Non-Executive Chairman of Albion Resources Limited (ASX:ALB) recently shelled out AU$131k to buy stock, at AU$0.045 per share. Even though that isn't a massive buy, it did increase their holding by 57%, which is arguably a good sign. View our latest analysis for Albion Resources Notably, that recent purchase by Steven Formica is the biggest insider purchase of Albion Resources shares that we've seen in the last year. That means that even when the share price was higher than AU$0.041 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. In the last twelve months Albion Resources insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It appears that Albion Resources insiders own 31% of the company, worth about AU$1.0m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders. The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Albion Resources insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Albion Resources. To that end, you should learn about the 4 warning signs we've spotted with Albion Resources (including 3 which make us uncomfortable). Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
