Latest news with #Mojave
News.com.au
5 days ago
- Business
- News.com.au
Resources Top 5: Locksley on the charge after arming itself for Mojave drilling
Funds raised in a placement will fund upcoming exploration at the Mojave antimony and rare earths project Placement funds will enable Victory to accelerate a pre-feasibility study and development of North Stanmore Bauxite miner Metro Mining reached 6.3c, a 6.8% increase on the previous close Your standout resources stocks for Wednesday, May 28, 2025 Locksley Resources (ASX:LKY) On the charge to a daily high of 7.1c, a lift of 45% on the previous close and on volume of more than 119m, was Locksley Resources after raising $1.47m in a strongly supported placement. There were 36.67 million shares issued at 4c each to sophisticated and institutional investors in the placement, which was heavily oversubscribed. Funds will be used to fund an upcoming exploration campaign, including drilling, at the Mojave antimony and rare earths project in California. The exploration team of Locksley Resources (ASX:LKY) is already mobilising to site in order to confirm priority targets and prepare for drilling to start. The team will confirm and peg drill collar locations and access routes while the company waits for Bureau of Land Management approvals to be granted. Priority activities also include access routes and the engagement of earthworks and drill contractors to complete the drilling program. In addition, the exploration team will conduct follow-up mapping and rock chip sampling across high-priority antimony, REE, polymetallic and copper targets. Further activities will include refining geophysical targets, additional surface sampling for geochemistry and structural mapping, and starting petrological studies to inform future metallurgical testing. Drilling, which is expected to begin in the September quarter, will focus on the El Campo prospect where six holes will be drilled to test TREO of up to 12.1% and the Desert Antimony Mine with three holes testing high-grade antimony mineralisation of up to 46%. This comprehensive campaign is designed to progress priority targets and unlock the project's critical minerals potential. Mojave is immediately adjacent to MP Materials' high-grade Mountain Pass mine and processing facility, which is the only active REE processor in the US and produces ~15% of global REE supply. It is prospective for valuable magnet REEs such as neodymium and praseodymium, as well as antimony with rock chips having returned grades of up to 17% while sampling also returned high-grade results of between 3.74% and 9.49% total rare earth oxides within a six-metre wide mineralised zone at the El Campo prospect. 'We're extremely pleased with the strong support shown for this raise, which allows us to advance both antimony and REE drilling in one of the most strategic locations in the US,' chairman Nathan Lude said. 'This funding puts us in a strong position to execute our exploration program and deliver key value catalysts in the months ahead.' REEs and antimony are designated as critical minerals by the US government with the former – particularly magnet REEs – used to manufacture permanent rare earth magnets that are used in electric vehicle motors and wind turbines. Antimony, which reportedly cracked the US$60,000t mark recently, is used as a flame retardant and in the production of alloys, which are used in batteries, low-friction metals, small arms, tracer bullets, cable sheathing and other industrial products. Victory Metals (ASX:VTM) Another company on the move after raising funds was Victory Metals, which climbed 16.3% to a daily high of $1.00. The $4m raised will enable the company to accelerate a pre-feasibility study and development of its flagship North Stanmore rare earths project near Cue in Western Australia. Firm commitments have been received for the placement at 73c per share, which was a 15% discount to VTM's last traded price on May 26, 2025. The placement attracted strong backing from Victory's top 20 shareholders as well as directors and management, reflecting high confidence in the company and its North Stanmore project, Australia's largest clay-hosted heavy rare earth deposit. More than 5m will be issued to professional and sophisticated investors and around 340,000 shares to directors and management, pending shareholder approval. The company will also issue 1.8m unlisted options with an exercise price of $1.30 and a two-year exercise period to unrelated parties under the investor participation. Victory Metals (ASX:VTM) said this funding marked a turning point, positioning it as a global leader in critical minerals. Recent testwork recovered seven strategic metals, including gallium and other rare earths impacted by Chinese export restrictions, marking a key milestone in establishing a globally significant critical minerals platform. 'This raise will fast track our PFS and marks a pivotal moment for Victory with such strong support,' Victory's CEO and executive director Brendan Clark said. 'North Stanmore is emerging as one of the world's most advanced heavy rare earth clay projects and is already Australia's leading heavy rare earth project. 'Our MREC testwork has successfully recovered seven strategic metals currently under Chinese export restrictions, including gallium and the full suite of critical heavy rare earths. 'We are building a globally significant critical minerals platform and are proud to be leading the charge.' Settlement of the placement shares and placement options is expected to occur on Thursday, June 5, 2025, with shares to begin normal trading on the ASX on Friday, June 6. Shareholder approval for the director participation will be sought at a general meeting planned to be held in July 2025. Metro Mining (ASX:MMI) (Up on no news) ASX-listed bauxite producers and explorers have been buoyed by stronger prices and improved market fundamentals in the past few months and among them is Metro Mining, which has reached 6.3c, a 6.8% increase on the previous close, despite having no news. The primary driver of the changed markets for the key raw material for aluminium production, has been the suspension of exports from Guinea, the second largest producer globally and just behind Australia in production volume. This has seen increased demand from China for other sources as well as increased prices and the trend is expected to continue throughout the remainder of 2025. Metro Mining has operations in the bauxite region on the west coast of Queensland's Cape York. The 100%-owned Bauxite Hills Mine is on the Weipa bauxite plateau about 95 km north of Weipa, near the coast on the Skardon River. This month the company updated its ore reserve and resource estimates for Bauxite Hills, taking into account depletion from mining during 2024. The total resource estimate for Bauxite Hills is now 114.4Mt (dry), representing a decrease of 4.3Mt from the December 31, 2023, estimate. No additional resources were added as no exploration was undertaken during 2024 and there were no additional conversions from indicated to measured categories or inferred to indicated categories. The total reserve estimate is now 77.7Mt (wet). The decrease was 5.5Mt from that published in May 2024 which accounted for mining to the end of December 2024. Hawsons Iron (ASX:HIO) (Up on no news) Although it also has no news today, Hawsons Iron increased as much as 74% to 4c, a high of more than two years. Last week, testwork on ore from its namesake project in the far west of NSW supported a plan to use 100% dry processing as it is a cleaner, cheaper alternative to the traditional wet method. An independent report from Stantec Australia confirms the dry circuit is not only viable but also cuts costs and improves environmental outcomes while also opening the door to potential value-add side products like silica sand. Stantec's Project Report provides confidence for further investigation into potential secondary products (eg hematite, silica sands) and flow on optimisation of mine design, processing and logistics. Detailed analytical work completed recently demonstrates a high level of geochemical and physical material consistency, throughout the current resource, particularly within the early phase of operations, which significantly contributes towards de-risking the project during its early years of operation. The company is collating engineering and cost data with the aim of releasing an updated prefeasibility study together with maiden ore reserves for the Hawsons iron project. Pivotal Metals (ASX:PVT) After identifying bonanza-grade gold targets during a review of historical data from the Lorraine prospect in Canada, Pivotal Metals jumped 50% on the previous close to a daily high of 0.9c. The review included a result of 28m at 45.2 g/t gold and 3.2% copper in an historical underground channel sample. This and other high-grade results show potential for a significant system at the project in Quebec. Among the other results were: 9.5m at 14.1 g/t Au and 3.2% Cu; and 0.97m at 56.2 g/t Au including 0.15m at 233.9 g/t. A broad 600m strike prospective corridor has been defined with multiple signature Cu-Au quartz veining. The gold target is largely unexplored following the conclusion of copper-nickel focused mining in the 1960s and the company has started a gold focused work program, including the definition of drill targets with detailed surface mapping and sampling along with a high resolution UAV magnetic survey to inform structural controls. The Lorraine targets are a small part of the large and highly prospective Belleterre-Angliers Greenstone Belt (BAGB) project, which is close to the infrastructure-rich Abitibi mining camp. Pivotal managing director Ivan Fairhall said: 'With a large and robust shallow copper resource and clear exploration pathway in hand at Horden Lake, we are broadening our program to our BAGB projects; where bonanza Cu, Ni and Au grades are guiding us towards the next discovery. 'These gold targets at Lorraine are an exciting addition to our already attractive Cu-Ni projects at BAGB. The bonanza Au grades and their correlation over a significantly broad area provide very strong encouragement for discovery in this area which has largely unexplored for Au, with the historical focus on Cu-Ni previously mined. 'We are planning an aggressive summer field program to establish the continuity of the broad Au-Cu-quartz vein system adjacent to the Lorraine mine to develop drill targets for immediate follow up.' This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Locksley Resources and Victory Metals are Stockhead advertisers, they did not sponsor this article.
News.com.au
23-05-2025
- Business
- News.com.au
Resources Top 5: Locksley sets stage for antimony, rare earths exploration at Mojave
Locksley Resources is starting field work at its Mojave antimony and rare earths project in California G50 Corp has been drilling at its Golconda project to follow up on gallium, precious metal hits Heavy Rare Earths had widespread and high-grade uranium-scandium-REE samples at its Radio Hill project Your standout resources stocks for Friday, May 23, 2025 Locksley Resources (ASX:LKY) Locksley Resources rose to the top of the charts today with a 42.42% gain after announcing that it had mobilised its exploration team to its Mojave antimony and rare earths project in California. It follows on the company appointing experienced geologist and geophysicist Allister Caird in mid-May 2025 to lead its critical minerals strategy. Field work to be carried out by the team includes confirmation and pegging of drill collar locations, follow-up outcrop mapping and rock chip sampling across antimony, REE, polymetallic, and copper prospects, and additional surface geochemistry and further structural mapping. Subject to permitting approvals by the US Bureau of Land Management, the company then expects to start reverse circulation drilling in the September 2025 quarter. This will consist of six planned holes at the El Campo prospect and three holes at the Desert antimony mine, a historical commercial-scale producer. Mojave is immediately adjacent to MP Materials' high-grade Mountain Pass mine and processing facility – the only active rare earths processor in the US that produces 15% of the global REE supply. The project is prospective for valuable magnet REEs such as neodymium and praseodymium, as well as antimony with rock chips having returned grades of up to 17%. G50 Corp (ASX:G50) (Up on no news) While G50 has no announcements out today, it had kicked off a Phase 2 RC drilling program at its Golconda project in mid-March 2025 and the share activity might be on expectations that results will be available soon. This drilling was aimed at following-up on a high-grade gallium discovery to determine both depth and strike extent while collecting samples for ongoing mineralogy and metallurgical testwork. Gallium is highly valued for its use in semiconductors, transistors, LEDs, computer chips and defence applications. The drill program was also intended to follow up on high-grade precious metal intersections from 2023 such as 25.9m grading 157g/t silver and 0.7g/t gold from a down-hole depth of 61m and 18.3m at 122g/t silver from 117m. Additionally, holes will test new precious metals and strategic minerals targets to the northwest and southeast of the existing known mineralisation. G50 has also engaged SGS Canada to start initial mineralogy and metallurgical testwork for the high-grade gallium halo at Golconda. Heavy Rare Earths (ASX:HRE) (Up on no news) HRE is up some 20% (at the time of writing) on no new news but the rally likely ties back to earlier widespread and high-grade uranium-scandium-REE findings at the Radio Hill asset in South Australia. Up to 9,068 ppm uranium oxide, 936 ppm scandium oxide and 18,899ppm TREO was received from reconnaissance rock sampling, with the new results building on earlier reported high-grade rock assays. Although Radium Hill was Australia's first major uranium mine, the by-product scandium and rare earth opportunity has never been fully evaluated. HRE says the scandium grades compare favourably with leading Australian scandium resources such as West Cobar Metals' 12Mt Newmont deposit, containing 158ppm scandium oxide, and Rio Tinto's 35.6Mt Burra, comprising 621ppm scandium oxide. With no major exploration since 1961, HRE is building a modern geological model of Radium Hill's uranium-scandium-REE system to guide drilling in the second half of the year. Fieldwork is planned to follow up these anomalous zones as a matter of priority. Trigg Minerals (ASX:TMG) (Up on no news) TMG shares have continued to rise from May 21 when the company announced it was hiring antimony downstream expert Wiehann Kleynhans to spearhead downstream and smelting processes at the recently acquired Antimony Canyon project. Kleynhans – a vastly experienced geologist, resource and commodity analyst and dealmaker with deep knowledge of the antimony sector – was head of business development at Strategic & Precious Metals Processing in Sohar, Oman between 2021 to 2024. During this time, he was instrumental in driving expansion and growth of international sourcing and supply chains for raw antimony as a member of the executive management team. This included playing his part in the development of the largest antimony smelter outside China and Russia. As the company's vice president, US downstream operations, Kleynhans will develop a strategy for North America, which will include options for downstream processing, forming partnerships with key industry and government players in North America as well as identifying and negotiating possible offtake agreements with international antimony traders. He will also assist the company with obtaining US government funding for exploration and development while assisting with due diligence on future antimony projects. Antimony Canyon is the largest and highest-grade antimony project in the US with a non-JORC resource estimate of 12.7Mt at 0.79% antimony, or 100,300t of contained antimony. It includes several historical producing mines such as Emma, Mammoth and Nevada. Aurumin (ASX:AUN) Early this week, Aurumin reached an agreement with Newcam Minerals to advance its non-core Johnson Range and Mt Dimer gold projects towards production. Under the joint venture, Newcam will pay more than $4m in staged expenditure to earn a 50% interest in the gold rights for the two projects. Aurumin also has the option to be free carried to net profit with its share of joint venture costs during the free-carry period being g paid back out of net profits. Johnson is 200km north of Southern Cross and includes the Gwendolyn deposit – a near-term development opportunity with a current inferred resource of 64,700oz gold at 2.51g/t gold on a granted mining lease. Newcam is also acquiring the non-gold mineral rights of the Sandstone tenure for $1m, which will be a welcome cash injection for Aurumin. Central Sandstone currently has a resource of 886,000oz gold as well as iron ore opportunities.
Geek Girl Authority
13-05-2025
- Entertainment
- Geek Girl Authority
Prime Video Renews FALLOUT for Season 3
Highlights Prime Video revealed a Season 3 renewal for mega-hit Fallout at its annual upfront presentation. Fallout Additionally, the streamer shared a release month for the show's highly anticipated second season. Guess what? It's sooner than you think. Series stars Ella Purnell, Aaron Moten and Walton Goggins appeared at the presentation to announce the news. Get Ready for the Fallout (Season 3) Amazon's not done with the Wasteland yet. Prime Video unleashed exciting news regarding its critically lauded video game adaptation, Fallout , at its annual upfront presentation in New York. The streaming platform renewed the series for Season 3 ahead of its Season 2 premiere. Season 1 shattered records, accumulating more than 100 million viewers worldwide. Stars Ella Purnell (Lucy MacLean), Aaron Moten (Maximus) and Walton Goggins (Cooper Howard/The Ghoul) took to the stage to announce a release month for the highly anticipated second season. RELATED: New TV Shows This Week (May 11 – 17) We learned the new season will take us 'through the Wasteland of the Mojave to the post-apocalyptic city of New Vegas.' Executive producers Jonathan Nolan and Lisa Joy had this to say regarding Fallout 's renewal: 'The holidays came a little early this year. We are thrilled to be ending the world all over again for a third season of Fallout . On behalf of our brilliant cast and crew, our showrunners Geneva [Robertson-Dworet] and Graham [Wagner], and our partners at Bethesda, we're grateful to our incredible collaborators at Amazon MGM Studios and to the amazing fans as we continue our adventures in the Wasteland together.' RELATED: Read our Fallout recaps The Cast Along with Purnell, Moten and Goggins, the series also stars Kyle MacLachlan as Overseer Hank MacLean, Moisés Arias as Norm MacLean and Frances Turner as Barb Howard. Fallout Season 2 will premiere in December 2025, only on Prime Video. Season 1 is currently available to stream on the platform. Geek Girl Authority Crush of the Week: LUCY MACLEAN Contact: [email protected] What I do: I'm GGA's Managing Editor, a Senior Contributor, and Press Coordinator. I manage, contribute, and coordinate. Sometimes all at once. Joking aside, I oversee day-to-day operations for GGA, write, edit, and assess interview opportunities/press events. Who I am: Before moving to Los Angeles after studying theater in college, I was born and raised in Amish country, Ohio. No, I am not Amish, even if I sometimes sport a modest bonnet. Bylines in: Tell-Tale TV, Culturess, Sideshow Collectibles, and inkMend on Medium. Critic: Rotten Tomatoes, CherryPicks, and the Hollywood Creative Alliance.
The Verge
12-05-2025
- Entertainment
- The Verge
Fallout's second season premieres in December and will be followed by a third
Get ready for more Fallout. The second season of the hit Prime Video show will premiere in December, and the show has already been renewed for a third, Variety reports. The second season will 'pick up in the aftermath of Season One's epic finale and take audiences along for a journey through the wasteland of the Mojave to the post-apocalyptic city of New Vegas,' according to a description included in Variety. Production wrapped on the season last week. There's no word on when the third season might premiere. Hopefully the early renewal means we'll see it sooner rather than later. The first season was excellent, and as my colleague Ash Parrish wrote, it got the postapocalyptic vibes exactly right. Fingers crossed that the second season keeps up the quality of the first – I'll be clearing some time during the holiday season to watch the new episodes.
CNET
12-05-2025
- Entertainment
- CNET
'Fallout' Season 2 to Debut in December on Prime Video
If your excitement for Fallout season 2 is stuck in a vault somewhere, that may be about to change. During Amazon's up-front presentation on Monday, the company revealed season 2 will premiere in December, and it's already been renewed for season 3. "We are absolutely thrilled that our global Prime Video customers will be able to delve deeper into the wonderfully surreal and captivating world of Fallout," Vernon Sanders, Amazon MGM Studios' global head of television, said in a statement. Series stars Walton Goggins, Ella Purnell and Aaron Moten were on deck to promote the second season of Prime Video's video game adaptation. According to a press release, the new installment will pick up where season 1 left off and "take audiences along for a journey through the wasteland of the Mojave to the post-apocalyptic city of New Vegas." Fallout's first season follows Purnell's Lucy, the optimistic denizen of a fallout shelter who leaves her home and braves a post-apocalyptic setting to try to save her father. The series also stars Moisés Arias, Kyle MacLachlan and Goggins as the enigmatic, grisly-looking Ghoul. For more on Prime Video, check out our review and guides to the best shows, horror movies and sci-fi movies.
