Company
ASX:PEX
Peel Mining Ltd (ASX:PEX) is an Australian company focused on exploring and developing precious, base and specialty metals resources in New South Wales and Western Australia.
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The proposed drill-hole locations have been sited to test for the potential of massive sulphide-associated gold-zinc-lead-copper-silver mineralisation.
The company will use the funds from the sale to continue exploring and developing its precious base metals resources in New South Wales.
The newly returned high-grade copper intersections support the revised structural model, offering excellent potential to define high-quality resources and add new mineralisation in the future.
The upgraded resource provides the basis for updated scoping studies and further delineation drilling to better understand the potential development opportunities available.
Near-term news flow will be from Wirlong drilling and an updated Wagga Tank-Southern Nights resource, which will form the basis of a concept study over the project.
Adequate drilling has now been completed to commence resource estimation works with an upgraded resource anticipated this quarter.
Robust drilling results continue to strengthen the company’s geological confidence and expand the potential mining inventory.
Hardware & electrical equipment
Peel Mining is an Australian company focused on exploring and developing precious base metals resources
Hartleys has initiated coverage of Peel with a Speculative Buy recommendation and a 12-month price target of 38 cents per share.
Very high-grade massive sulphide intercepts have been returned in resource upgrade drilling at the project south of Cobar in NSW.
High-grade base metals intersections, with added gold and silver, highlight the link between the Wagga Tank and Southern Nights deposits.
Drilling at Wagga Tank-Southern Nights remains ongoing as part of a resource upgrade program and will include further testing in the Corridor Zone.
Drilling is now underway at Wagga Tank and Southern Nights as part of a program to upgrade the JORC resource.
Peel has made three major base metals discoveries in the prolific Cobar Basin.
Simpson’s experience ranges from mine development and management through to corporate and equity market participation.
St Barbara aims to produce 355,000 ounces of gold in FY19 from its mines in Western Australia and Papua New Guinea.
The company received firm commitments from institutional, sophisticated and strategic investors for the placement.
The company is on track to deliver a maiden JORC resource for the Wagga Tank Project this month.
The high-grade results from the resource drilling will feed into the maiden JORC resource estimate, which is on track for delivery in June.
The advancement of Mallee Bull via an exploration decline is a logical, low-risk way to unlock the project’s obvious economic potential.
Drilling has defined the broader dimensions of high-grade mineralisation at the Southern Nights Central Zone and extended the Southern Nights mineral system.
Resource definition drilling is progressing with a maiden mineral resource estimate on schedule for delivery in June 2019.
The Wagga Tank project in NSW is emerging as one of the most significant zinc-polymetallic discoveries in Australia in recent years.
A maiden JORC resource is expected by June after the company drilled a 18.2-metre wide intersection grading 40.3% zinc.
The company’s shares are trading about 7% higher intra-day, at 44 cents.
A recent capital raising has left Peel with about $8 million in the bank to fund the next round of work.
A 20,000-metre drilling program will support a maiden resource estimate at the western NSW project.
Drilling is working towards a maiden resource at the very high-grade Southern Nights prospect.
Peel recently drilled 18.2 metres at 40.3% zinc at the Southern Nights prospect.
Drilling is designed to estimate a maiden resource at Southern Nights before June 30, 2019.
The company now has full ownership after acquiring the project’s smelter royalty from MMG.
The underwriter is expected to join the company’s top shareholders list.
St Barbara Ltd (ASX:SBM) recently lifted its stake in Peel to 17.9%.
Around 600 investors will spend time at the Sydney event on Tuesday or at the Melbourne event on Thursday.
Peel’s Wagga Tank-Southern Nights project is emerging as one of the most significant zinc polymetallic discoveries in Australia in recent years.
St Barbara Ltd subscribing for $1.8 million worth of shares in the placement, increasing its interest to 17.9%.
The company is focused on the Wagga Tank/Southern Nights project in western New South Wales.
The Wagga Tank/Southern Nights project is emerging as one of the most significant new zinc polymetallic discoveries in Australia.
The company's Wagga Tank – Southern Nights area is evolving into a large high-grade deposit.
A bevy of gold miners and developers will front Diggers audiences this week at the presenters’ podium.
Nick Giorgetta says the annual event is unique as delegates can also tour working mines.
The company is updating its resource model which will be part of a PFS which is expected this quarter.
Recently received results continue to add high-grade mineralisation to the Southern Nights prospect.
Emerging as one of the most significant zinc polymetallic discoveries in Australia.
Results confirm link between Wagga Tank and Southern Nights deposits and show potential for vertical continuity.
Deep drill hole in corridor reveals Cobar-style vertical base metals and precious metals mineralisation.
The placement leaves the mid-tier gold producer with a 12.3% stake in junior explorer.
Eleven holes for about 3,300 metres are planned to infill to a maximum of about 30-metre spacing.
First-pass drill results from The Bird/Fenceline prospect indicate good potential.
High-priority targets in the Cobar region will be subject to follow-up work.
The Saturn Metals initial public offer (IPO) is planned for early March.
The IPO of Saturn Metals Limited is underway with a prospectus issued.
Hampton Hill Mining and associates have increased their combined interest to 19.3%.
The intersection from the project near Cobar includes 17.01% zinc.
The farm-in agreement means exploration costs are paid for by partner Talisman.
Bamborough’s experience with gold major, Newmont Mining Corp of significance.
The drilling has extended the strike of lead-zinc anomalism to circa 2.7 kilometres.
St Barbara is an ASX-listed gold miner with a market cap of $1.6 billion.
The placement will fund a drill program of up to 30,000 metres.
Shares in Peel are up 140% over the past month, currently trading at $0.535.
Shares in Peel are up 160% year to date, currently trading at $0.44.
Shares in Peel have been positively re-rated to 12-month highs.
The halt will remain in place until Wednesday 8th November 2017.
Shares in Peel finished up 47% on the day, closing at $0.45.
The drilling results are highly anticipated and will follow the XRF results.
The halt will remain in place until Thursday 19th October 2017.
The proposed transaction will have Peel vending Apollo Hill into a subsidiary.
Peel Mining shareholders will be given a priority offer in the new listing.
Next key news flow is the pre-feasibility study due for completion in September
These drill intercepts are the most significant results received to date at Wirlong.
The T1 prospect within the Mallee Bull Project presents a near-term mining opportunity.
The Mallee Bull Project is Peel's most advanced asset.
Drilling is ongoing at multiple Peel projects located near Cobar.
T1 at Mallee Bull represents an early development opportunity.
Drilling at Wirlong has intercepted high-grade copper at depth.
$3.28 million has been secured through the issue of 16 million shares.
The halt will remain in place until Wednesday 5th April 2017.
Preliminary results for drill hole WLRCDD043 suggest mineral extensions.
The halt will remain in place until Wednesday 22nd March 2017.
Peel has received all assays from 2016 drilling at Wagga Tank.
Peel will continue to deliver news from Mallee Bull, Wagga Tank and Wirlong.
Peel Mining Ltd (ASX:PEX) has received significant new base metal intercepts from drilling at its 50%-owned Mallee Bull and 100%-owned Wagga Tank projects, near Cobar in western New South Wales.
With the farm-in agreement at Cobar only recently being entered into, the rapid progression to the drilling phase shows that Silver City are committed to this new region and project.
