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Uncommon earths symbolize a possible value-add for Magnetite Mines’ iron ore. Pic: Getty Photos
- MGT will undertake low-cost follow-up work to check a REE discover in South Australia
- Additional antimony has been recognized on the Reynolds Vary mission within the NT
- First part drilling is underway at RML’s Horse Heaven gold-antimony mission
Your standout small cap assets shares for Tuesday, August 19, 2025
Whereas retaining main deal with the event of the Razorback Iron Ore Mission in South Australia’s northeast, Magnetite Mines has uncovered near-surface, clay-hosted uncommon earth mineralisation proper beside the big Ironback Hill magnetite deposit.
The uncommon earths, which grade between 356ppm and 1,153ppm complete uncommon earth oxides (TREO), symbolize a possible value-add for the iron ore and the corporate will now undertake low-cost follow-up work to check the discover.
Because of the discover, which was picked up after re-assaying restricted clay-rich samples from archived RC drill samples, MGT hit a 12-month excessive of 29c, a 308.5% enchancment on the August 18 shut.
Vital outcomes embrace:
- 8m at 1,153ppm TREO (215ppm Nd2O3) from 12m inside 18m at 866ppm TREO from 10m;
- 6m at 816ppm TREO (190ppm Nd2O3) from 16m inside 20m at 583ppm TREO from 12m; and
- 4m at 977ppm TREO (64ppm Nd2O3) from 18m inside 20m at 608ppm TREO from 14m.
The corporate believes that is the primary time that REE mineralisation has been detected at Ironback Hill, which is among the Razorback deposits.
“As signalled in our August 8, 2025 announcement, Magnetite Mines has commenced a low-cost evaluation of its huge South Australian tenement base for gold and significant minerals potential,” Magnetite Mines managing director Tim Dobson stated.
“Whereas the event of the Razorback Iron Ore Mission stays our core precedence, the board believes it’s in shareholders’ finest pursuits to know the complete potential of the corporate’s intensive tenements in response to beneficial market circumstances.
“Accordingly, now we have tasked our skilled in-house geology workforce to offer an evaluation of mineral prospectivity on our present floor.
“This announcement gives the primary response from that evaluation with the identification of uncommon earth component mineralisation at Ironback Hill, as detected by analysing present samples from a earlier Magnetite Mines drilling marketing campaign.
“We’re excited by this early-stage indication of uncommon earths mineralisation at Ironback Hill and are planning low-cost observe up exploration work to find out if a wider program of labor is warranted.”
Antimony is turning into extra necessary for iTech Minerals alongside gold on the Reynolds Vary mission within the Northern Territory and the identification of more zones of the crucial mineral has seen shares improve 150% to a 2025 excessive of 8.5c.
Two high-grade antimony zones neglected by earlier gold explorers have been recognized in current mapping and rock chip sampling.
Most historic drill holes weren’t assayed for antimony or didn’t take a look at the brand new zones.
The zones on the Sabre and Falchion prospects every prolong greater than 300 metres and when mixed with historic drill outcomes, iTech believes they’re at the very least 14 metres thick.
Rock chips have assayed as much as 30.6% antimony at Sabre and as much as 15.9% at Falchion.
These zones deliver the entire variety of high-grade antimony methods at Reynolds Vary to a few and validate iTech’s perception that the mission has a major endowment of the more and more priceless crucial mineral.
With each new zones open alongside strike and at depth, drilling has the potential to extend the dimensions of the invention.
“Whereas one high-grade antimony rock chip existed inside historic exploration knowledge at Reynolds Vary, there was no indication of continuity or extent of mineralisation,” managing director Mike Schwarz stated.
“iTech has now recognized the supply of the high-grade antimony as coming from >300m lengthy veins at each the Sabre and Falchion prospects.
“These veins have been examined with only a few drill holes that have been analysed for antimony, presenting instant drill targets for our upcoming drilling program later this 12 months.”
iTech is enterprise web site visits to potential drill websites over the following few weeks to gather knowledge and assess logistics to help with planning of the upcoming drill program.
iTech has already obtained heritage clearances to drill on the proposed prospects and can now search authorities drilling approvals.
Drilling will deal with testing the depth extent of antimony mineralisation beneath the highest-grade outcrops which haven’t been examined by historic drill holes on the Sabre and Falchion prospects.
Drilling is predicted to start in late October or early November this 12 months.
With first phase drilling underway at the Horse Heaven gold-antimony project in central Idaho, Decision Minerals reached 6.3c, a elevate of 26% on the earlier shut.
The program will comprise 3000m of diamond core drilling over 9 holes with a mean depth of 300m per gap and can take a look at mineralisation tendencies at depth and alongside strike on the Golden Gate goal.
There’s additionally potential to increase the marketing campaign to 6000m as RML seems to be to verify historic shallow drilling outcomes at Golden Gate and assay for antimony and tungsten, which weren’t sampled in prior drilling.
Horse Heaven has sturdy gold, antimony, tungsten and silver mineralisation in two identified extremely potential mineralised corridors, and additional potential in a number of rising targets that embrace a past-producing antimony and tungsten mine.
The mission is straight adjoining to Perpetua Sources’ Stibnite Antimony & Gold Mine and the geological mannequin is a direct analogue to Stibnite, bearing a robust resemblance to its A$3 billion neighbour.
The corporate can be seeking to begin a stream sediment sampling program, which will likely be accomplished in September or October this 12 months, to the east of Golden Gate.
An evaluation of the event potential of the shallow Kingsley and Homestead deposits might result in fast-tracked gold manufacturing on the Livingstone mission close to Meekatharra in WA.
Consequently Metallic Financial institution improved by 60% to a every day excessive of 1.6c.
In March 2025, the Livingstone gold useful resource elevated 75% to 2.81Mt at 1.36g/t for 122,500oz with 30% within the indicated class.
At-surface and near-surface assets on the Homestead and Kingsley deposits are inside trucking distance to present processing centres for potential toll-treating.
There’s additionally appreciable scope for useful resource progress at Livingstone with a number of exploration targets untested throughout 395km2 of granted exploration licences and drilling being deliberate.
Over in Saudi Arabia, MBK continues to advance its exploration technique with native funding choices being thought-about forward of the following exploration part on the Wadi al Junah copper-zinc-gold-silver mission.
At Livingstone ”now we have a number of catalysts to unlock worth for shareholders by means of near-term manufacturing utilising close by third-party processing infrastructure and additional exploration,” government chair Ines Scotland stated.
(Up on no information)
After figuring out a chance to retrieve gold from tailings at the New Go mission in Nevada and generate early money circulate, Sierra Nevada Gold continues assessing processing choices.
Sampling earlier this 12 months returned high-grade gold at 4 historic tailings dams, opening the window for SNX to faucet into a brand new and doubtlessly profitable income stream.
If possible, this could assist fund a plan to deliver New Go again into manufacturing in a bullish atmosphere for gold and US mining.
With the restart in thoughts, the corporate is progressing underground mining choices for the accessible high-grade ore inside the Superior Mine.
Allowing to permit for re-opening the mine is underway and the corporate is able to spring into underground drilling as soon as permits are obtained.
“Reprocessing the tailings has potential to generate income along side the deliberate trial mining and bulk testing program,” SNX government chairman Peter Moore stated.
This text doesn’t represent monetary product recommendation. You must take into account acquiring unbiased monetary recommendation earlier than making any monetary selections. Whereas Sierra Nevada Gold is a Stockhead advertiser, it didn’t sponsor this text.
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