Welcome to our roundup of the most popular mining investment, exploration, and development stories on Theassay.com from the last seven days.
Firefinch Ltd (ASX: FFX) has confirmed that funds totalling US$130M have been received by the Goulamina Lithium Project joint venture company, from Jiangxi Ganfeng Lithium Co. Ltd. The US$130M of equity funding provided to the joint venture company by Ganfeng comprises US$39M that was released from escrow and a further US$91M second tranche investment.
Ionic Rare Earths Ltd (ASX: IXR) has successfully completed due diligence on the acquisition of 100% of Seren Technologies Ltd. Ionic’s managing director, Tim Harrison, said the acquisition of SerenTech, which will be based in Belfast, UK, greatly complements his company’s strategy of becoming a vertically integrated participant in the formation of new magnet and heavy rare earths supply chains emerging across Europe and North America.
In exploration news, Hot Chili Ltd (ASX: HCH | TSXV: HCH | OTCQB: HHLKF) has released a major resource upgrade for its coastal range, Costa Fuego copper-gold project in Chile. The resource upgrade follows 18 months of material investment, including completion of 52,000m of additional resource drilling at Cortadera.
Venture Minerals Ltd’s (ASX: VMS) joint venture partner Chalice Mining, has commenced its Maiden Drilling Programme at the prospective 20km-long Thor magnetic trend within Venture’s South West Project in Western Australia. “The company is looking forward to seeing the drill core from its joint venture partner Chalice Mining’s Maiden Drilling Programme at Thor as it targets high priority EM anomalies that potentially represent massive sulphide bodies,” said Venture’s managing director, Andrew Radonjic.
There was plenty of positive drilling news last week, starting with Blue Sky Uranium Corp (TSXV: BSK | OTC: BKUCF) obtaining promising assay results. These are the company’s second tranche of results from the recently completed reverse circulation (RC) drilling programme at the Ivana Deposit within its wholly-owned Amarillo Grande Uranium-Vanadium Project in Rio Negro Province, Argentina.
Similarly, Mako Gold Ltd (ASX: MKG) received promising assay results from 39 RC holes from an ongoing drill programme at the Gogbala Prospect, within the company’s flagship Napié Project in Côte d’Ivoire. “We are very pleased to be reporting on yet more good results from our extensional drilling program at the Gogbala Prospect, ” said managing director, Peter Ledwidge.
Siren Gold Ltd’s (ASX: SNG) diamond drill hole AX84 intersected significant visible gold in the deepest hole drilled to date at its Alexander River project in New Zealand.
Finally, Steppe Gold Ltd (TSX: STGO | OTCMKTS: STPGF) released its financial results for the year ended December 31 2021, as well as the filing of its restated annual financial statements for the periods ended December 31 2020.
