Great Western raises $1.15m

Great Western Exploration (ASX: GTE) has successfully completed an entitlement issue and placement to raise $1.15 million (before costs), at an issue price of $0.004, with one attaching free listed option for each new share issued, exercisable at $0.01 on or before 30 June 2021.

Gindalbie offshoot Coda sets exploration target for Emmie Bluff copper-cobalt prospect, launches big drilling campaign

Gindalbie Metals (ASX: GBG) has set an exploration target of between 43-71.6 million tonnes at copper-equivalent grades of between 0.53% and 2.3% for the Emmie Bluff prospect, part of its Mt Gunson project in South Australia. Gindalbie, which intends to spin off the Coda Minerals subsidiary that holds the Mt Gunson project to existing shareholders, said two exploration programs for Emmie Bluff were in advanced planning. One of the programs would include 28 diamond drill holes for 12,000m. A 2D seismic survey is also planned. Subject to Gindalbie shareholder approval, Coda will next month become an independent unlisted company, with about $7m cash, no debt and rights to 75% of the exciting Mt Gunson project. The Coda demerger is part of a broader transaction that will see the rest of Gindalbie acquired by Ansteel, for 2.6c cash per Gindalbie share. Gindalbie shareholders will vote on the Ansteel acquisition and the concurrent Coda demerger at scheme meetings on 3 July.

NTEPA completes assessment of Core Lithium's Finniss Project

Emerging Australian Lithium developer Core Lithium (ASX: CXO) has announced that the Assessment Report for the Finniss Lithium Project has been provided to the Northern Territory Minister for Environment and Natural Resources the Hon. Eva Lawler MLA. The company will now submit a mining management plan to the government for assessment.

VRX Silica upgrades Muchea Mineral Resource Estimate

VRX Silica (ASX: VRX) has announced the results of a drill program completed at its Muchea Silica Sand Project, located 50km north of Perth. The drill program was undertaken during March 2019 enabling a new Mineral Resource Estimate to be determined following receipt of assay results. The JORC 2012 Mineral Resource Estimate for the Muchea Silica Sand Project has been upgraded to 208 Mt @ 99.6% SiO2 comprising a JORC 2012 Indicated Resource estimate of 29 Mt @ 99.6% SiO2 and a JORC 2012 Inferred Resource estimate of 179 Mt @ 99.6% SiO2.

Australian Mines flags potential resource expansion at Flemington

Advanced battery materials developer Australian Mines (ASX: AUZ) has announced positive assay results from the first phase of its resource expansion drilling campaign at its 100%-owned Flemington Project in New South Wales. Early indications suggest the mineralised horizon continues to extend beyond the existing resource. Further assay results are expected to come in over the coming four to five weeks.

Alice Queen appoints Andrew Muir to board

Advanced gold explorer Alice Queen (ASX: AQX) has announced the recruitment of experienced gold geologist and finance executive, Andrew Muir, to the Board as a Non-Executive Director. As part of the Company’s strive towards developing its Horn Island Gold Project in the Torres Strait and its Mendooran Gold Project in New South Wales, it has been actively seeking to upscale its in-house experience and expertise to effectively develop these projects. That search has led the Company to Mr Muir, who brings with him a wealth of knowledge and experience to the Board.