Eclipse Metals delineates high-grade quartz mineralisation below Ivittuut pit with large exploration target defined
The global quartz market was valued at US$8.23 billion in 2018 and is projected to reach US$13.61 billion by 2026
Company
ASX:EMP
Emperor Energy Ltd (ASX:EMP) is a diversified energy company with upstream and downstream assets in Australia. The company’s flagship 100% owned Judith Gas Field is within the VIC/P47 Permit in the offshore Gippsland Basin, Victoria and is next to the BHP/ExxonMobil Kipper field. The completion of pre-front end engineering design (pre-FEED) for the provision of midstream infrastructure and services related to gas to be produced from Judith Gas Field has provided a clear understanding of the project design, management, time frame and costs involved in bringing the gas from Judith into the lucrative East Coast gas market.
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The global quartz market was valued at US$8.23 billion in 2018 and is projected to reach US$13.61 billion by 2026
The Ivittuut Project is known as the world’s largest and only mine from which cryolite was historically produced for use in the extraction of aluminium from bauxite ore.
The completed pre-FEED has provided a clear understanding of the project design, management, time frame and costs involved in bringing the Judith Gas Field into the lucrative East Coast gas market.
The company has identified the potential for untapped rare earth, high-grade quartz, cryolite, siderite, sphalerite and carbonate material in the Ivittuut project.
Emperor Energy and APA Group established a Memorandum of Understanding relating to the Judith Gas Project offshore Victoria in October 2019.
The subsea design allows for flexible jumper lines to transport raw gas from each wellhead to a six-slot manifold where all gas is collected and delivered in a single stream to the pipeline end termination.
The Ivittuut deposit is known as the world’s largest historical cryolite mine with rare earth potential.
The geophysical surveys have defined seven conductive targets with a close spatial relationship to the carbonatite unit and all anomalies remain untested.
As part of the consideration for the recent Ivittuut acquisition, Cerium now holds 200 million shares in the company.
The company has completed the final payment to geological consultants 3D-Geo, issuing 3.5 million shares at $0.033 per share.
Cryolite is a rare mineral proven to act as a beneficial fluxing agent to reduce energy consumption in aluminium production.
The trading halt will remain in place until Friday, January 8, or when an announcement is released to the market.
The extension has been granted mainly due to the imminent availability of new seismic data that will be generated from the Multi Client 3D seismic acquisition.
The Eclipse exploration program will focus on the area around the Devil’s Elbow, Terrace and Ferricrete uranium prospects, concentrating on high priority areas defined by historical geochemical and radiometric anomalies.
A complete assessment of all previous and recent drill intersections, the geological environment and structure, high-grade mineralisation and mineralisation with beneficiation potential will be conducted.
The SPP will provide funding to continue exploration activities, as Emperor progresses with the Judith Gas Field Project.
Assay results are expected in the coming weeks and the company is now planning for increased ground access to further test the Amamoor deposits.
The historic Amamoor mine, which produced more than 20,000 tonnes of ore at 51% manganese, has the potential to contain a large amount of high-grade manganese.
In May the company raised $500,000 in a well-supported placement to professional, sophisticated and other exempt investors with funds to help support the company's exploration efforts.
The historic Amamoor mine, which produced more than 20,000 tonnes of ore at 51% manganese, has the potential to contain a large amount of high-grade manganese.