Next week’s Proactive Resources Webinar will feature three up-and-coming ASX-listed explorers with precious and base metals projects and prospects in premier mining districts of Australia.
Participating in the webinar on Tuesday, February 8, from 12 noon Sydney time will be AuKing Mining Ltd (ASX:AKN), Kingfisher Mining Ltd (ASX:KFM) and Cooper Metals Ltd (ASX:CPM).
AuKing and Kingfisher are primarily focusing on Western Australia where they have precious and base metals assets, a number of which have also recently returned encouraging signs of rare earth mineralisation.
Recently listed Cooper’s main focus is on copper and gold in the resource-rich region of northwest Queensland centred on Mt Isa but it also has interests in WA.
Registrations for the webinar can be made by clicking on this link.
AuKing Mining
The primary focus for AuKing Mining is the advanced Koongie Park Copper-Zinc Project joint venture in the highly mineralised Halls Creek Mobile Belt in WA’s north and the company’s CEO Paul Williams will outline the progress made and upcoming plans.
Koongie Park represents the first step towards achieving AKN’s goal of transforming into a substantial mid-tier mining group, with a primary focus on acquiring and developing near-term copper, gold and other base metal production activities.
During the December quarter the company made strong progress with 6,400 metres of combined reverse circulation (RC) and diamond core drilling completed across 29 holes.
Results include 124 metres at 1.03% copper, 1.08% zinc, 1.54% lead and 50 g/t silver from 8 metres; 20 metres at 1.50% copper, 5.80% zinc, 0.91% lead and 102 g/t silver from 148 metres; and 20 metres at 1.71% copper, 1.58% zinc, 0.25% lead, 8 g/t silver and 647ppm cobalt from 346 metres.
Ore-grade copper was discovered near-surface north of Sandiego deposit while AuKing was encouraged by elevated zones of REE lanthanides (>1,000ppm) in two drill holes.
Assays are pending for seven metallurgical drill holes completed in test-work at Onedin deposit designed to test near-surface oxide and transition ores.
The company is well-placed to aggressively explore the project after completing a placement to raise $2.4 million and during the quarter completed the first earn-in milestone under the JV with Anglo Australian Resources – now holding a 50% interest in the project.
Kingfisher Mining
Kingfisher is focused on exploration at wholly-owned projects in the Gascoyne and Ashburton mineral fields of Western Australia with executive director and CEO James Farrell to discuss progress and upcoming plans.
In the Ashburton region, the company has advanced copper and gold exploration projects at Boolaloo Project, which is around 35 kilometres from the Paulsens gold mine.
The Mick Well, Kingfisher and Arthur River projects in the Gascoyne region are prospective for REE mineralisation associated with a series of carbonatite intrusions discovered by the company.
In Kingfisher’s recent quarterly report Farrell said: “The December quarter saw the company complete its first full year of operations since listing on the ASX on December 11, 2020.
"During the first year of operation, the company completed two large airborne electromatic surveys at its Ashburton and Gascoyne mineral fields’ projects and drilled 10 targets, including seven new targets at Mick Well, Kingfisher and Boolaloo.
"The exploration has led to the discovery of rare earth elements in the Gascoyne region and, significantly, carbonatite intrusions which are associated with the mineralisation, and which had not been previously recognised in the area.
"The company has substantially increased its landholdings and is developing a full exploration strategy for this extensive exploration tenure in the Gascoyne region as it prioritises the focus on this exciting new discovery.
"Drilling at Boolaloo also returned encouraging results, with copper mineralisation confirmed by drilling from the Green Hills Prospect which was discovered by the company during 2021.”
Cooper Metals
The company listed on the ASX in November 2021 following an oversubscribed IPO, raising $4.8 million and is well funded to execute a comprehensive copper and gold exploration strategy with projects in Queensland and Western Australia.
Managing director Ian Warland will explain during the webinar that the company’s primary focus is the Mt Isa East Copper-Gold Project in northwest Queensland.
Mt Isa East is complemented by two WA projects - Yamarna Gold Project along strike from Gold Road’s multi-million-ounce Gruyere gold deposit and Gooroo Copper-Gold Project in the Gullewa Greenstone belt about 20 kilometres from Silver Lake’s Deflector Mine.
In the December quarterly report, Warland said: “Cooper has three exciting greenfield projects which are highly prospective for copper and/or gold, with several targets already identified for follow up exploration.
"With copper and gold prices at near all-time highs, coupled with Cooper’s modest market capitalisation, the company’s share price is highly leveraged to exploration success.
“Results from Cooper’s initial reconnaissance field trip to the flagship Mt Isa East Project surpassed expectations with rock chip samples up to 7.96 g/t gold returned from a new prospect in the north-eastern portion of the project.
"Cooper’s desktop review highlighted several priority targets, with some of these visited on the recent reconnaissance field survey. It was highly encouraging to encounter several high-grade copper samples at our key prospects including King Solomon and Python.
“We have a packed exploration program for 2022, with a high-powered ground electromagnetic survey already underway at the Python and King Solomon prospects.
"Results of recent geochemistry programs at Mt Isa East and Gooroo are due soon."
Webinar details
Date: Tuesday, February 8, 2022.
Time: 12 noon Sydney time (9am WA time).
Focus: Resources Webinar.
Register here: https://event.webinarjam.com/register/104/q75n9cr2
Questions to: John Phillips – john.phillips@proactiveinvestors.com