Meeka Gold Ltd (ASX:MEK), Perpetual Resources Ltd (ASX:PEC) and American Rare Earths Ltd (ASX:ARR) will present during the Webinar on Tuesday, February 22, 2022 at 12:00 pm Sydney time.
Perpetual Resources and Meeka Gold are predominantly based in Western Australia, exploring for silica sands and gold respectively, while American Rare Earths holds tenure in Arizona, US, and is targeting rare earth element mineralisation.
All three companies have defined JORC-compliant mineral estimates within their assets and are actively working to expand and upgrade them.
Registrations for the Webinar can be found here.
Meeka Gold
Meeka’s flagship Murchison Gold Project has a combined 343-square-kilometre landholding in the prolific Murchison Gold Fields of Western Australia and hosts a large high-grade 1.1-million-ounce gold mineral resource.
CEO Tim Davidson will outline the company’s forward plan. Meeka is actively exploring the Murchison tenure while also progressing mining studies to determine the best pathway to production.
Extensional mineralisation beyond the current resource inventory suggests there may be opportunities for additional open pit mines once the Murchison project is back in operation.
Meeka’s scoping study on Murchison delivered a robust financial outcome with an eight-year life of mine and payback period of 23 months.
About 6,900 metres of drill samples from the Murchison project are still awaiting assay, in transit, or on core racks being processed in preparation for sampling.
The company’s Circle Valley project in southern WA sits in the Albany Fraser mobile belt. This belt is also home to the 7-million-ounce Tropicana gold mine.
Meeka was trading 24% higher last Monday on the back of assay results from this project, which returned up to 20 metres at 4.66 g/t gold within 36 metres at 2.69 g/t from 12 metres.
The company is undertaking a 7,000-metre aircore and reverse circulation (RC) drilling program for Circle Valley in 2022, with plans to drill deeper RC holes to test the tenor of mineralisation in the fresh rock below where mineralisation was intersected during the 2021 program.
Perpetual Resources
Perpetual Resources is focused on the global glass and foundry sand industries, which are the two largest and fastest-growing consumers of silica sand. Executive chair Julian Babarczy will discuss Perpetual’s efforts to enter the lucrative Asian silica sand markets.
The company’s flagship asset, the Beharra Project in Western Australia, covers about 49 square kilometres and hosts predominantly high purity white (pale) sands with few impurities.
Perpetual has another exploration licence which covers 35.34 square kilometres and is bounded on the eastern extent by the Brand Highway and Geraldton Railway.
Metallurgical test-work conducted by Perpetual on shallow auger samples from Beharra confirmed the company’s separation techniques could produce a concentrate of up to 99.8% silica oxide with about 90% yield and reduced iron oxide impurity content to 0.03% (from 0.18% in situ).
The company has now moved on to bulk metallurgic test-work, intending to define a very high grade and low impurity zone within the Beharra White sand sequence.
Confirmation of a low-impurity, high grade horizon in Beharra has the potential to position Perpetual as a leading novel supply source within the fastest growing low-impurity Asian silica sand markets.
Perpetual is undertaking a white-sand-only updated pre-feasibility study as well as a direct-shipping-ore (DSO) scoping study after an offtake partner expressed interest in sales of DSO white sand from Beharra.
In a recent announcement to the ASX, Babarczy said: “Continued unsolicited interest from Asian silica sand buyers has confirmed the high level of ongoing interest and end-user demand from buyers of low impurity silica sand in the region.
“Based on recent test work, Perpetual believes that Beharra shows good potential to produce a very low iron silica sand product, which has potential to attract a premium in the Asian market due to robust demand growth from the fast-growing solar panel cover industry concurrent with more limited supply potential due to the relative uniqueness of silica sand orebodies that can achieve low iron end product using simple gravity and magnetic separation techniques.”
American Rare Earths
American Rare Earths is an Australian explorer focused on cementing itself as a key player in the development of critical high value scandium and rare earths in mining-friendly Arizona in the US.
Managing director Chris Gibbs will highlight ARR’s novel opportunity for exposure to the US rare earths market, where security of supply is critical because of rising global trade tensions and the growing energy storage market’s requirements.
The company’s flagship La Paz Rare Earths Project covers over 890 hectares, including 107 unpatented lode mining claims on federally controlled land and a prospecting permit over one section of Arizona State Trust land (259 hectares). The tenements are unencumbered and 100% controlled by La Paz Rare Earth LLC.
La Paz is a large tonnage, bulk deposit containing light rare earth elements (LREE) with potential to be the largest rare earth project in North America.
The project contains low penalty elements such as radioactive thorium and uranium, and benefits from excellent local infrastructure – electricity, water, gas – in a mining friendly jurisdiction.
The project already holds a maiden NI 43-101-compliant resource estimate, the Canadian standard, which ARR is working towards converting to Australian JORC 2012 standards.
ARR was given an exemption from the Biden Administration’s 60-day moratorium on ground disturbing activities, allowing it to start drilling at La Paz in March 2021.
Following evaluation of the available data, the company says a clear opportunity emerged for cost-effective, targeted expansion of the resource.
ARR is focused on drilling deeper as it explores the opportunity to increase the resource size and average grade.
Webinar details
Date: Tuesday, February 22, 2022
Time: 12 noon Sydney time (9am WA time)
Focus: Resources Webinar
Questions to: John Phillips