Technology Metals Australia has signed a non-binding memorandum of understanding with Japan-based battery concern LE System, which will see the pair assess applying proprietary processing technology to extract vanadium and other metals from various waste streams at the company’s proposed mine at Gabanintha, WA, over the next nine months.
The MoU also considers manufacturing vanadium redox flow batteries in WA, sales of iron ore and vanadium concentrate from Yarrabubba.
Mako Gold’s reconnaissance RC drilling at Gogbala, a 23km-long soil anomaly and coincident 30km-long structure, indicate a similar style of mineralisation as observed at the main Tchaga prospect, 4km to the north, with initial assays such as 6m at 4.97gpt from 68m, including 1m at 12.3gpt; and 3m at 6.4gpt from 58m, including 2m at 9.32gpt Au from 58m.
Further, regional drilling at Tchaga East, 2km from Tchaga on a parallel shear, intersected gold in 12 of the 16 holes, including 1m at 14.6gpt.
The company said there are good prospects for resource growth within the Napie project it shares with Perseus Mining, and follow-up drilling is planned.
The spin-out of iron ore-focused Juno Minerals from manganese miner Jupiter Mines is back on track, just days after major shareholder Netherlands-based Stichting Pensioenfonds ABP said it would not meet the regulatory requirements of the Foreign Investment Review Board.
Jupiter says the FIRB requirements are an issue for ABP, so meeting them will be removed as a requirement as the condition of the in-specie distribution and capital reduction, and shareholders will be asked to re-approve the demerger, which is now expected in May.
Juno said it was not allowed the delay to derail its plans to develop the Mount Mason hematite direct shipping ore project in WA’s Midwest region.
Nova Minerals says ore sorting test work on 588kg of samples recovered from its large, low-grade Korbel Main deposit in Alaska, has demonstrated “great potential for reduced processing and increased mine production”.
Initial work by Tomra in Sydney, New South Wales, shows up to a tenfold upgrade from coarse rock, potentially reducing cut-off grade and increasing production. Using a 0.18gpt cut-off, there is 290.6Mt grading 0.35gpt for 3.27Moz.