Latest news with #LachlanFoldBelt
Yahoo
a day ago
- Business
- Yahoo
Lancaster Resources Commences Field Work for Maiden NI 43-101 Technical Report at Lake Cargelligo Gold Project, Australia
VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Lancaster Resources Inc. (CSE:LCR | OTCQ:LANRF | FRA:6UF0) (the 'Company' or 'Lancaster') is pleased to announce the start of desk and field work at its 100%-owned Lake Cargelligo Gold Project in New South Wales, Australia. This initiative marks the first step toward completing the Company's maiden National Instrument 43-101 (NI 43-101) Technical Report, a critical milestone in advancing the project. Strategically located in the prolific Lachlan Fold Belt, the 28,768-hectare Lake Cargelligo Project hosts multiple historical high-grade gold and silver occurrences. Initial field activities will include reconnaissance geological mapping and rock chip sampling aimed at refining exploration targets and laying the groundwork for a focused drill program. 'Commencing field work at Lake Cargelligo represents a pivotal moment for Lancaster,' said Andrew Watson, President and CEO. 'Our maiden NI 43-101 Technical Report for Lake Cargelligo will be the foundation for systematic exploration, guiding our strategy toward resource definition and value creation for our shareholders.' Historical work on the project has returned impressive results, including: Rock chip samples up to 204 g/t Au and 273 g/t Ag Channel sampling intercepts up to 16m @ 5.83 g/t Au and 7.20 g/t Ag¹ While these historical results have not been verified by a Qualified Person, they underscore the project's potential and will be key focal points in the upcoming exploration program. The Company anticipates completing the Technical Report by August 31, 2025. Investor Relations Update Further to its August 6, 2025 announcement, Lancaster Resources Inc. confirms it has engaged Ora IR Services Inc. to provide investor relations support. Services will include customer service management, telephone and email support. Lancaster has granted Ora and its consultants an aggregate of 1,800,000 stock options, exercisable at $0.10 per share, and anticipates paying monthly cash compensation between $10,000 and $20,000. Geoff Skinner, the principal of Ora IR Services Inc., is a consultant to Lancaster. Contact information for Ora and Mr. Skinner is: PO Box 523, Cumberland, BC V0R 1S0; telephone 604-679-5295; email The Company is awaiting confirmation from SIGEOM and the Quebec Ministry regarding the Lac Iris claims, which are currently 'Being Processed.' Andrew Watson, President, CEO, and a Director of the Company, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is the President and Chief Executive Officer and a Director of the Company and is not independent of the Company. About Lancaster Resources Inc. Lancaster is focused on building a portfolio of district-scale exploration assets positioned for future resource development. The Company holds a 100% interest in the Piney Lake Gold Project in Saskatchewan, uranium projects at Catley Lake and Centennial East in the Athabasca Basin, and the Lac Iris Polymetallic Project in Quebec's James Bay region, where it also holds an option to acquire the Trans-Taiga property. In Australia, Lancaster owns the Lake Cargelligo Gold Project in New South Wales, covering 28,768 hectares with over 25 km of prospective strike and three primary target zones. Andrew Watson, President & Chief Executive Officer, Lancaster Resources 604 923 6100 The Canadian Securities Exchange has not reviewed, approved, nor disapproved the contents of this news release. Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or Lancaster's future performance. The use of any of the words 'could', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Lancaster's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the ability of Lancaster to execute its exploration plans, raise capital, retain key personnel, identify, acquire, explore, and develop high-quality mineral-rich properties constitutes forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statements made in this press release are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws. _______________________________¹ Sources include: (1) Carpentaria Exploration Ltd., 2014 Annual Report for EL8095; (2) Aberfoyle Exploration Pty Ltd., First and Final Report for EL1770, June 1982; (3) Lachlan Resources N.L., First Six-Month Progress Report for EL2914; and (4) MinView database from the Geological Survey of NSW ( in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Australian
a day ago
- Business
- The Australian
Waratah Minerals raising $30m
Special Report: Waratah Minerals has raised $30m in a strongly supported placement to fund extensional and resource drilling at the Spur gold-copper project in the Lachlan Fold Belt in NSW. Waratah receives commitments to raise $30m Strong demand was secured from existing and new institutional investors Three drill rigs are operating with a steady stream of results expected for the remainder of the year The placement comprises two tranches, with the first of $11.7m to be followed by a second tranche of $18.3m subject to shareholder approval at an upcoming general meeting. Strong demand has been received from existing and new Australian and North American institutional investors, strengthening Waratah Minerals' (ASX:WTM) shareholder base. Bell Potter Securities acted as sole lead manager to the placement, which included a total of 52.2m shares at 57.5c per share, a 7.1% premium to WTM's 5-day VWAP of 53.7c and a 16.1% premium to the 30-day VWAP of 49.5c. Spur gold hits put Waratah on the radar Waratah has been drawing attention at Spur after recent drilling pulled in a 208.7m intersection grading 1.17g/t gold from 514m at the Consols prospect, triggering a doubling of the explorer's share price. Drilling returned multiple zones of visible gold, increasing the company's strike at Spur, which is near Newmont's Cadia gold and copper mine, to more than 1.5km The result enhanced confidence in the project's potential to host a large-scale, high-grade epithermal gold system with plenty of upside along the rapidly emerging Spur gold corridor, southwest of Orange. Blue Ocean Equities analyst Carlos Crowley-Vasquez increased the broker's price target from $1.20 to $1.50, saying he sees Spur as having a path to a +3Moz resource. Exploration to step up a notch WTM managing director Peter Duerden said he was delighted to announce this strategic placement, which was strongly supported. 'The placement provides strong validation of the company's strategy and will enable an acceleration of our exploration activities at the Spur gold-copper project,' he said. As well as drilling, funds will be spent towards initial metallurgical testwork, further target definition geochemistry and geophysics, and for working capital and costs of the placement. The company has three drill rigs on site with a steady stream of exploration results expected in coming weeks and months. This article was developed in collaboration with Waratah Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
News.com.au
3 days ago
- Business
- News.com.au
Resources Top 5: Gold-silver discovery emerges for Godolphin near home of Australia's first gold rush
Updated resource for GRL's Lewis Ponds project totals 470,000oz gold and 21Moz silver GCM has moved into the manufacturing of VHD graphite blocks of various shapes and sizes Stage 2 Mining Licence Expansion application for Kangankunde REE project approved Your standout small cap resources stocks for Tuesday, August 12, 2025 Godolphin Resources (ASX:GRL) The Lewis Ponds project of Godolphin Resources is emerging as another significant gold discovery, with silver and base metals to boot, in an area that hosted Australia's first payable gold discovery in April 1851. The project is upstream from Ophir, where that discovery sparked Australia's first gold rush, and around 15km east of Orange in the Lachlan Fold Belt where significant discoveries are still being made. Newmont's +50Moz gold and 9.5Mt copper Cadia Valley Operations is south of Orange and east of the Spur project of Waratah Minerals which has been a market favourite since releasing broad high-grade gold results on August 4. Godolphin reached a five-month high of 1.6c, a 46% increase on the previous close, after revealing a resource upgrade from Lewis Ponds described by the company as 'transformational'. The updated resource totalling 470,000oz gold and 21Moz silver along with 41,000t of zinc, 15,000t of copper and 136,000t of lead confirms Lewis Ponds as a large, high-grade gold and silver deposit. There was a 58% increase in tonnage, 18% increase in gold and 31% increase in silver with the resource standing at 9.83Mt at 1.49g/t Au, 66.15g/t Ag, 2.46% Zn, 1.38% Pb and 0.15% Cu. Importantly for future development, 5.01Mt are in the higher confidence indicated category. Alongside updating the MRE, a pit optimisation study was completed with a view to constrain the resource and demonstrate the potential for upper parts of the deposit to be mined economically by open pit methods. The open pit resource is 2.88Mt at 0.52g/t Au and 41.22g/t Ag for 48,000oz gold and 3.8Moz silver with 1.85Mt, or 64%, in the indicated category. A scoping level mining study is underway using this data, which is expected to further illustrate the potential for near-term development opportunities. Godolphin is continuing metallurgical testwork aimed at improving gold and silver recovery while additional drilling is planned to underpin further MRE growth. 'These results have considerably exceeded our expectations and highlight the exceptional potential for the Lewis Ponds project,' MD Jeneta Owens said. 'This is a major increase from our previous MRE, an exceptional milestone for Godolphin and provides a very strong foundation for the initial scoping mining study.' Green Critical Minerals (ASX:GCM) One of the most active small cap stocks was Green Critical Minerals with more than 131m shares changing hands valued at more than $4.4m while the price jumped 17.74% to 3.65c, a high of almost five years. This came after GCM advised that it had moved into the manufacturing of very high density (VHD) graphite blocks of various shapes and sizes after commissioning of Module 1 at the VHD production plant. VHD blocks are a high-performance graphite material developed by GCM and characterised by thermal and electrical properties achieved through a production process that's faster and more cost-effective than traditional methods. These blocks are designed for various applications requiring efficient heat management, including data centres, semiconductors and advanced electronics. Blocks up to 60×100×60 mm have been produced at the plant, which is ramping up production and sustaining high product quality. Production of larger blocks – up to 160 mm thick and 200 mm long – is in progress, which GCM said demonstrated improved process maturity and alignment with customer specs. In preparation for commercial sampling and prototyping, GCM is building a diverse inventory of sample stocks with first-time sample shipments to prospective customers in North America. A variety of product sizes and geometries are being manufactured, with blocks tailored for thermal management applications including heat sinks and cold plates. Production capacity has also been further strengthened through the addition of two new furnaces, increasing throughput. GCM managing director Clinton Booth said with the VHD production plant now operational, the company was shifting from initial rollout into active commercial execution, focused on fulfilling demand, scaling output and maintaining quality. 'Importantly, we're not creating a solution for a future market, we're delivering high-performance thermal products into an existing, high-demand sector that is actively searching for better, more cost-effective materials,' he said. 'What sets us apart is our ability to move now. Our multi-channel distribution strategy, which includes partnerships with online retailers, means we're not waiting for major orders to begin selling, we can expedite access to a global market fast.' Lindian Resources (ASX:LIN) Approval of the Stage 2 Mining Licence Expansion application for Kangankunde rare earths project provides strong endorsement from the Malawian government and regulatory certainty, materially de-risking the expansion development pathway, according to Lindian Resources. As a result, Lindian reached a 12-month high of 18.5c, a lift of 37.04% on the previous close. The approval from the Mining and Minerals Regulatory Authority (MMRA) Board increases the licensed area from 900 to 2,500 hectares. 'The upgrade of our Stage 2 expansion area from an exploration licence to a mining licence allows Lindian to work in parallel on our larger Stage 2 expansion whilst using the learnings from the development of our Stage 1 production facility to ensure we optimise our processing flow sheets and recoveries,' chairman Robert Martin said. 'This will also allow Lindian to capitalise on our ability to be the next rare earth producer to market and to capture a larger market share. 'The company continues to field additional inbound enquiries and is working on multiple pathways for further strategic offtake and funding agreements." Green Technology Metals (ASX:GT1) After being granted two 21-year mining leases by the Ontario Ministry of Mines in Canada for the Seymour lithium project, Green Technology Metals increased 17.65% to 4c. This significant regulatory milestone means there are now three granted leases fully encompassing the proposed mine and infrastructure area, marking a critical step in de-risking Seymour's pathway to development. The company has spent the last four years committed to permitting and development work, including ongoing engagement with indigenous communities. Since acquiring the asset in 2021, GT1 has undertaken comprehensive environmental assessment work, including a recent owl and fisheries study and has completed season-specific baseline studies. Ongoing environmental monitoring continues to inform project planning and ensure potential impacts are identified and responsibly managed. GT1 anticipates concluding the provincial environmental assessment in the upcoming quarter, marking another milestone in the project's permitting timeline. It says the accomplishment takes Seymour closer to a financial investment decision, subject to remaining permits and approvals. Southern Hemisphere Mining (ASX:SUH) Buoyed by FMR Resources (ASX:FMR) completing technical due diligence and proceeding to earn up to a 60% interest in the southern portion of the Llahuin Copper-Gold Project in Chile, Southern Hemisphere Mining improved 38% to 4c. FMR is now part of a joint venture with SUH covering four selected concessions in the southern part of Llahuin, including the large Southern Porphyry copper-gold target. 'We are delighted to welcome FMR to the Llahuin Copper-Gold Project and look forward to joint exploration success across the Southern Porphyry zone,' SUH chairman Mark Stowell said 'This strategic JV validates our long-held view of the district's latent potential, and with drilling planned for Q4 2025, our shareholders are well-positioned to benefit from upcoming catalysts in this emerging major copper story.' FMR has also completed a $2.2m placement in connection with the transaction, with respected resource investor Mark Creasy joining the register as a substantial shareholder. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Green Critical Minerals and Green Technology Metals are Stockhead advertisers, they did not sponsor this article.
The Australian
28-07-2025
- Business
- The Australian
LNQ starts phase 1 drilling at Gilmore
Special Report: LinQ Minerals has begun phase 1 drilling at the Gidginbung gold deposit at its Gilmore gold-copper project in NSW. LNQ kicks off phase one drilling at Gidginbung and Dam deposits at Gilmore project Company targeting extensions to historical mineralisation RC & diamond drilling commenced at Gidginbung deposit The move marks the first drilling at Gidginbung since 2001, targeting extensions of known mineralisation and untested depth potential at the deposit which had historical production of ~540,000oz gold from open pit mining between 1987 and 1996. The 16,000m drilling program will consist of RC and diamond drilling initially across the Gidginbung and the Dam deposits which host a combined resource of 55Mt for 1.2Moz gold and 120,000t copper. Notably, this southern zone of the broader Gilmore project spans around 6km of mineralised corridor holding multiple prospects (Mag H1, Woolshed and Fields) – all of which lie within a highly prospective arc transfer structure geologically analogous to the Cadia copper-gold complex to the northeast. Listen: Clive Donner chats with Barry FitzGerald In a recent instalment of the Explorers Podcast, host Barry FitzGerald spoke LinQ Minerals (ASX:LNQ) executive chairman Clive Donner about the company's flagship Gilmore Gold-Copper Project in NSW's prolific Lachlan Fold Belt after making its recent entrance onto the ASX. Dam drilling to follow The program aims to confirm the continuity of current higher-grade cores and generate samples for metallurgical test work. Following the initial Gidginbung drilling, the drill rig will relocate to the Dam deposit for approximately 2,100m of RC and diamond drilling. 'We are excited to begin drilling at Gidginbung, one of the key gold deposits in our highly prospective Gilmore project,' LinQ Minerals (ASX:LNQ) executive chair Clive Donner said. 'The commencement of drilling is an important step in unlocking the broader scale of this system, particularly at depth and along strike.' This article was developed in collaboration with LinQ Minerals, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
News.com.au
16-07-2025
- Business
- News.com.au
Explorers Podcast: LinQ Minerals targets tier-1 gold-copper in the Lachlan Fold Belt
Stockhead's 'Garimpeiro' columnist Barry FitzGerald is back in the studio for another instalment of The Explorers Podcast. In this edition, Barry chats with LinQ Minerals (ASX:LNQ) executive chairman Clive Donner about the company's flagship Gilmore Gold-Copper Project in NSW's prolific Lachlan Fold Belt after making its recent entrance onto the ASX. Donner outlines LinQ's vast 60km mineralised belt, an already eye-opening established 3.7Moz gold and 1.2Mt copper resource, and plans for a 16,000 metre drill program focused on near-surface opportunities and the deeper porphyry targets characteristic of a region largely under sway of the majors. Backed by a technically experienced team and favourable market conditions, LinQ is positioning itself as a serious new copper-gold contender, so tune in to hear how the company plans to make its mark in a valley of the giants. Listen to this episode to learn more. This podcast was developed in collaboration with LinQ Minerals, a Stockhead advertiser at the time of publishing.
