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ity manufacturing and export hub in the copper metal.
State. The exploration target is based on nine Argonaut sticks
As part of the September 2020 Joint higher-grade copper-gold zones previous-
ly mined in the open pit, or intersected by
Development Agreement between the diamond drilling projecting these zones to, to the plan at
parties, Macquarie secured certain co-de-
velopment rights, consultation rights and on average, 250m below the pit depth or
formal rights of first refusal with Iron Road below the resource estimates. Murdie
with respect to the future development of
the Cape Hardy port precinct, including an Argonaut Resources NL was preparing
integrated port development involving the Well-timed hits for drilling at the Murdie IOCG project at
Central Eyre Iron project (magnetite) and the time of print.
green hydrogen potential. The company made the announcement
for Cohiba after updating the market on the notifica-

Kanmantoo’s Cohiba Minerals Ltd reported high- tion that two individuals and the Barngarla
Determination Aboriginal Corporation
grade intersections from its Horse Well RNTBC filed an application in the South
heart beats project in the Gawler Craton last month. Australian Supreme Court for a review of
Horse Well is adjacent to BHP Ltd’s Oak
the authorisation announced to the ASX
Dam West copper discovery. by Argonaut on 4 January 2021.
A potential increase in mine life at the Cohiba’s hits at Horse Well included Argonaut said there were no registered
Kanmantoo copper mine was recently re- 0.9m @ 1.85% copper from 974m, 0.8m Barngarla heritage sites at Lake Torrens,
ported by Hillgrove Resources Ltd. @ 12.15% from 1,033m, 0.4m @ 0.97% with directions hearing scheduled by the
An exploration target of 6-8mt @ 1-2% from 1,089m and 0.5m @ 2.58% from court for April 23.
copper and 0.2-0.4 g/t gold 90,000- 1,225.5m. In the meantime, the exploration done
300,000t copper metal and 55,000- The company reported that the assays by Argonaut at Murdie has been duly au-
250,000 oz gold was estimated by the provided the encouragement it needed to thorised and a drilling rig mobilised on site
company after identifying several under- continue its targeted exploration activities in mid-March.
ground opportunities at the mine. in the Horse Well area with further deep
The company said there was near-mine drilling programmes developed.
growth in the down-dip continuation of the To the end of December, Cohiba had
copper orebodies that have been drilled about $7 million cash to forge ahead with FID made at
over the past three years, were currently its exploration objectives this year.
being drilled, or had been previously Leigh Creek
mined.
The exploration target is a culmination of Alliance shoots
two previous exploration target releases, Operational activities have started on
the drilling results of the past three years Stage 1 of the Leigh Creek Energy project
and the 2020 resource estimate of (in- for the stars in South Australia after a final investment
ferred and indicated) 2.2mt @ 1.56% cop- decision was made by Leigh Creek En-
per, 0.32 g/t gold, 4.1 g/t silver for 34,400t Alliance Resources Ltd completed RC ergy Ltd.
Long lead items were in the process of
drilling at the Weednanna gold- being ordered, as subsurface and facilities
iron project, 45km north of Kimba, engineering started.
last month. “Today’s FID milestone gives us ap-
Drilling identified extensions to proval to construct everything we need in
high-grade gold in Shoots 7 and Stage 1 of our commercial development
8 at Weednanna, with highlights plan of the LCEP and start earning rev-
from Shoot 7 including 8m @ 5.2 enue,” Leigh Creek managing director Phil
g/t gold from 92m, 11m @ 3.2 g/t Staveley said on March 15.
from 84m, including 1m @ 20 g/t “Over the past year, our team has been
from 88m, 9m @ 15.6 g/t from busily working towards achieving Stage 1
85m, including 4m @ 33.4 g/t FID. Having completed the project PFS
from 87m and 6m @ 4.3 g/t from and been awarded a petroleum production
104m. licence by the South Australian Govern-
Meanwhile, significant results ment for the commercial production, this
from Shoot 8 included 3m @ 5.5 FID approval demonstrates the board’s
g/t gold from 67m (Shoot 8HW) confidence in the economic and commer-
and 3m @ 9.1 g/t from 76m (Shoot cial viability of the project.”
8). Staveley said the company would move
The company expects the re- ahead and build on the EPCM contracts
sults to increase the indicated gold and start of works announced earlier in
resource in the central area of the February, with full-scale Stage 1 pro-
deposit, with potential remaining curement, construction and commerciali-
to increase the size of both Shoots sation activities.
Hillgrove has announced a new exploration target at 7 and 8 with further drilling.
Kanmantoo, which still has an existing copper-gold
processing plant and tailings storage facility in place

aUSTRaLIa’S PaYDIRT aPRIL 2021 Page 31