News Release
Forrestania Resources extends lithium footprint at South Iron Cap East
Forrestania Resources Ltd
Forrestania Resources Ltd (ASX:FRS) MD Michael Anderson tells Proactive that recent assays from the flagship Forrestania Lithium Project in WA’s southern Yilgarn region have intersected spodumene-bearing pegmatite in multiple drill holes. The results come from a follow-up reverse circulation (RC) drilling program at South Iron Cap East, with peak lithium assays of up to 0.95% lithium oxide (Li2O) demonstrating the potential to host ore-grade mineralisation. FRS has a favourable outlook on the likely unearthing of a significant mineral-rich pegmatite formation at greater depths. The characteristic tendency of regional pegmatites to narrow and expand seem to back this optimism up. “Our work in and around South Iron Cap East continues to deliver results which highlight the potential for discovery of a significant mineralised system,” Anderson said. “We know the region is host to multiple, stacked pegmatites (including at the world-class Mount Holland Lithium Mine) and we are now consistently finding spodumene and highly anomalous lithium grades. "We remain convinced of the prospectivity across the Forrestania project and believe that a continuation of our systematic approach will ultimately unlock the potential value for our shareholders.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
September 28, 2023 04:20 PM Eastern Daylight Time
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News Release
Reward Minerals hails strong economics for SOP extraction technology
Reward Minerals Ltd
Reward Minerals Ltd (ASX:RWD) CEO Lorry Hughes speaks with Proactive after releasing favourable results from an engineering scoping study (ESS) which examined the potential for recovering high-purity potassium sulphate (sulphate of potash or SOP) from seawater-derived brines in northwest Western Australia. The study, in collaboration with Bechtel Australia Pty Ltd, pointed to the commercial and technological feasibility of recovering 100,000 tonnes per annum of SOP using RWD’s processing technology, called the ‘Reward process’. Capital expenditure is estimated at A$198.2 million, with an operating cost of around A$273 per tonne SOP. The ESS serves as a preliminary assessment for Reward to evaluate further technical studies and potential joint ventures with third-party solar salt and SOP companies. Hughes said: “The completion of a world-first evaluation of high-purity SOP production from seawater solar salt reject brines using the Reward Process is another important milestone not only for the company but for some solar salt and SOP producers globally. “The study was completed with process engineering support from independent engineering group Bechtel under the guidance of Reward’s in-house team of chemical and engineering experts in the very specialised field of SOP brine developments. “The low estimated operating cost of $301/tonne SOP on a FOB basis reflects the simplicity of the Reward Process and potentially positions the project favourably at the low end of the global cost curve.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
September 28, 2023 04:10 PM Eastern Daylight Time
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News Release
GTI Energy says Lo Herma uranium drilling on track for November
GTI Energy Ltd
GTI Energy Ltd (ASX:GTR, OTC:GTRIF) executive director Bruce Lane tells Proactive that the company continues to make strides at its uranium projects, with drilling permits secured from the US Federal Bureau of Land Management (BLM) for drilling at the Lo Herma ISR Project. With an inferred resource of 5.71 million pounds of U3O8, GTI aims to kick off drilling at the project in November with the intention of upgrading resources. Meanwhile, GTI has also achieved landmark carbon-neutral certification, making it the first uranium company listed on the Australian Securities Exchange (ASX) to do so. Lane said: “GTI is focused on “clean mining, clean energy and a clean future”, so achieving carbon neutral certification is aligned with our objectives & values and is key to our ESG strategy. “We believe strongly that nuclear power & uranium are critical to achieving an energy future with reduced carbon emissions. "GTI has discovered uranium in Wyoming that is amenable to insitu recovery (ISR) mining. “ISR is the cleanest and lowest impact form of uranium mining and through the development of our projects we aim to contribute to the clean energy transition.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
September 28, 2023 03:50 PM Eastern Daylight Time
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News Release
Gold Hydrogen receives first key approvals ahead of Ramsay 1 drilling
Gold Hydrogen Ltd
Gold Hydrogen Ltd (ASX:GHY) MD Neil McDonald tells Proactive the company has received the first of its staged approvals from the South Australian Government Department of Energy and Mines to commence site operations and construction of the Ramsay 1 well site drilling pad. Rig mobilisation is planned for the second week of October, and the company is on track to spud Australia’s first dedicated natural hydrogen well in mid-October. Meanwhile, an independent reservoir rock characterisation study has revealed promising geological parameters for hydrogen generation and storage at the Ramsay project. The study analysed 34 samples and found hydrogen presence in 31, confirming hydrogen can be stored and transported in the rock matrix. Gold Hydrogen is focused on the discovery and development of world class natural hydrogen gas in a potentially extensive natural hydrogen province in South Australia. This region has only recently had its natural hydrogen potential identified by the Company. The domestic and global demand for hydrogen, combined with new natural hydrogen exploration techniques and experienced personnel, provides Gold Hydrogen with an extraordinary opportunity to define and ultimately develop a new natural hydrogen gas province. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
September 28, 2023 03:00 PM Eastern Daylight Time
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News Release
Sovereign Metals says Kasiya has potential for industry-leading returns
Sovereign Metals Ltd
Sovereign Metals Ltd (ASX:SVM, AIM:SVML) MD Julian Stephens speaks with Proactive after announcing the results of a PFS for the company’s flagship Kasiya Rutile-Graphite Project in Malawi. He says it is a major critical minerals project with an extremely low carbon footprint underpinned by significant economic returns. Kasiya is the largest natural rutile deposit and second-largest flake graphite deposit in the world. The PFS is modelled on a life-of-mine (LOM) of 25 years, with initial probable ore reserves of 538 million tonnes, representing a conversion of only 30% of the total mineral resource. Kasiya is forecast to become the world’s largest rutile producer at 222,000 tonnes per annum and potentially one of the world’s largest natural graphite producers outside of China at 244,000 tonnes per annum. “The release of the Kasiya PFS marks another important step towards unlocking a major source of two critical minerals required to decarbonise global supply chains and to achieve net-zero,” Stephens said. “The project benefits from existing high-quality infrastructure and inherent ESG advantages. “Natural rutile has a far lower carbon footprint compared to other titanium feedstocks used in the pigment industry, and natural graphite is a key component in lithium-ion batteries – crucial to de-carbonising the global economy.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com
September 28, 2023 03:00 PM Eastern Daylight Time
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MTB Metals announces first three drill holes on Telegraph project intersect copper mineralization over 700 metres
MTB Metals
MTB Minerals CEO Lawrence Roulston joined Steve Darling from Proactive to share exciting updates regarding the ongoing drilling activities at the Telegraph copper-gold project in British Columbia's Golden Triangle. Roulston announced that the drilling has yielded evidence of porphyry-style alteration and mineralization in all three of the drill holes on the project. These widely spaced holes confirm the potential for an extensive mineralized porphyry system in the area. Importantly, the latest hole, which is the third drilled and located 700 meters southeast of the first hole, has intersected potassic alteration and copper mineralization with many similarities to the initial hole. Drilling is still in progress, and copper mineralization remains visible at the 500-meter mark. Notably, holes 1 and 3 have traced porphyry-style copper mineralization for a continuous strike length of 700 meters. The drilling project is proceeding according to schedule and is expected to continue through October. MTB Minerals is utilizing Induced Polarization (IP) geophysical surveys as a valuable tool for targeting on the property. To further enhance exploration efforts, the company has initiated an additional IP survey to fill the gap between two previous IP surveys, with this work scheduled for October. The area of interest has a high concentration of copper-rich soils, which could rapidly become drill targets for the upcoming season. These developments showcase the promising potential of the Telegraph copper-gold project and highlight MTB Minerals' commitment to thorough exploration and resource discovery. The company's ongoing efforts are aimed at uncovering the full extent of mineralization in this area of significant interest in British Columbia's Golden Triangle. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
September 28, 2023 02:28 PM Eastern Daylight Time
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News Release
Argentina Lithium announces key US$90 million investment from automaker Stellantis
Argentina Lithium & Energy Corp
Argentina Lithium and Energy CEO Niko Cacos joined Steve Darling from Proactive to share significant news that the company has secured US$90 million in funding through a strategic agreement with, Stellantis, one of the world's largest automakers, known for its major brands such as Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Peugeot, and RAM. Under this agreement, Stellantis will acquire a 19.9% stake in Argentina Litio y Energia, leaving the company with 80.1% ownership. The cornerstone of this partnership is an offtake agreement, with Stellantis committing to purchase up to 15,000 tonnes per annum of lithium produced by Argentina Lithium over a seven-year period. This offtake agreement may potentially be extended beyond the initial seven-year period. It's important to note that the commencement of the supply obligation by Argentina Lithium is contingent upon the successful launch of commercial production at one or more of its projects. This collaboration with Stellantis not only provides Argentina Lithium with substantial funding but also establishes a long-term partnership with a major player in the automotive industry. It underscores the growing demand for lithium as a key component in electric vehicle batteries and positions Argentina Lithium as a significant contributor to the supply chain of lithium, a critical resource for the rapidly expanding electric vehicle market. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
September 28, 2023 02:22 PM Eastern Daylight Time
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ARway Corp announces company has built its first platform for Apple Pro Vision Glasses
ARway
ARway Corp Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to share an exciting update at ARway Corp has achieved a significant milestone by completing the first build of the ARway Platform on Apple's Vision Pro hardware and realityOS operating system at the prestigious Apple Park in Cupertino. During this development phase, developers had the exclusive opportunity to access early prototypes of the headsets, showcasing the platform's compatibility with Apple's cutting-edge technology. This new version of the ARway Platform introduces several enhancements, including multi-map and multi-floor navigation capabilities on the Web Creator Portal. Creators can now streamline the process of crafting augmented reality experiences, as the platform offers three default floorplans, significantly reducing the time and effort required for development. Furthermore, ARway Corp has announced substantial upgrades to its platform and technology in version 2.6. These enhancements go beyond the recent features and provide even more advanced capabilities. Some of the notable additions include a comprehensive location directory and an improved onboarding experience. These enhancements reaffirm ARway's commitment to remaining at the forefront of the augmented reality industry, ensuring that its technology continues to offer cutting-edge solutions to creators and developers. Overall, this development signifies a significant leap forward for ARway Corp, positioning it as a key player in the augmented reality space and highlighting its dedication to providing innovative solutions that enhance the AR experience for users and creators alike. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
September 28, 2023 02:13 PM Eastern Daylight Time
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HPQ Silicon PUREVAP Gen3 Quartz Reduction Reactor pilot plan project hits 80% of milestones
HPQ Silicon Inc.
HPQ Silicon CEO Bernard Tourillon joined Steve Darling from Proactive to share exciting developments regarding the company's PUREVAP Gen3 Quartz Reduction Reactor (QRR) pilot plant project. This project aims to utilize green engineering processes for the production of silica and silicon materials, addressing environmental concerns in material production. Tourillon announced that the project has achieved significant milestones, successfully validating approximately 80% of the project's key targets. Among these achievements, the process has attained an impressive 99.5% silicon purity (2N+), surpassing the purity threshold of commercially available silicon. Notably, production has scaled up significantly, reaching 2,500 times the capacity of the PUREVAP Gen2 QRR. Additionally, the process has achieved one-step production of 3N+ silicon, commonly referred to as battery-grade silicon. Another notable achievement is the reduced feedstock usage, with the process requiring 25% less raw materials compared to conventional carbothermic processes that utilize a 6:1 ratio of raw materials to produce 1 ton of metallurgical-grade silicon. PyroGenesis, the company responsible for the project, has indicated that the modified crucible will be delivered to the testing facility soon. If all goes according to plan, the silicon pour is expected to be completed in the following week. These accomplishments mark significant progress in HPQ Silicon's pursuit of green and efficient silicon production processes. The achievement of high silicon purity, scalability, and reduced feedstock usage positions the company as an innovative player in the silicon materials industry and aligns with broader environmental and sustainability goals. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com
September 28, 2023 02:09 PM Eastern Daylight Time
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