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Magnetics Drone in West Arunta

WA1 Resources

I’ve been having at look at mining applications around the Arunta Orogen and it looks to me like WA1 Resources have lodged another application in the Northern Territory (NT). This map is from WA1 Resources‘ Quarterly Activities Report for the Period Ending 31 March 2024, that was released to the ASX on 8 April 2024. …

Whitehaven Coal – The Cash Conundrum

Generating excess cash is, of course, a good problem to have. Company directors usually deal with this by employing one of the following strategies; As shown in the chart below, Whitehaven Coal started making significant returns to shareholders in late 2017, by paying dividends. For FY 2018, the Company paid an interim dividend of A$0.13, …

Kodiak Copper – The Shamrock Files

Exploration is a risky and expensive business and it’s essential to reduce risk where possible. For example, rather than searching in under-explored frontiers, it might be preferable, and perhaps lower risk, to search ‘along trend‘ of some known geological deposits. The map of British Columbia below shows the major porphyry deposits located from Galore Creek …

Fortitude Gold – The Dauntless Acquisition

On the 7 February 2024, Fortitude Gold announced the acquisition of two new gold properties in Nevada. This weekend I took a closer look at one of these, the Dauntless gold property, located in Esmeralda County, approximately 30 kilometers southwest of Tonopah. According to the news release, the Dauntless claims acquired ‘includes the historic Weepah …

Tinka Resources – Exploration With Scale

Written by Roger Breuer, ACCA. Additional Research by Willem Middelkoop. At Commodity Discovery Fund a key consideration for any investment is scale. When considering this important factor, we ask ourselves – ‘Does a mineral discovery have the potential to grow further? And is it possible that more deposits are found at depth or nearby?‘ If …

Uranium – 5 Key Charts

The uranium sector has been making headlines recently. The following 5 charts should help you get the big picture in under 5 minutes. The graph below shows the uranium spot and contract prices (LT = Long Term) for uranium over the last 20 years. Spot prices haven’t reached these levels since 2007, and contracts prices …

Morella Corp – Looking For High Pressure

Morella Corp is the 51% owner of the lithium rights for the following tenements (see below) in the Pilbara. The history of this ownership goes back to June 2021 when Morella Corp (then named Altura) announced they had re-established an earn-in agreement for the assets with Sayona Mining. On 20 December 2022, Morella then announced …

Quebec Precious Metals Corp – That’s What I Call An Outcrop

While catching up on news this weekend, I came across a press release dated 18 January 2024 from Quebec Precious Metals Corp (QPM) that caught my attention. The Company have just received assay results from a selection of grab samples collected late last year at their Ninaaskumuwin lithium prospect. The project is located on one of …