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A number of encouraging hits were also “We are fast-tracking work on our maiden on the prospect’s 20km long Thor mag-
made outside of the project’s current re- resource, which we hope to announce in netic trend that is yet to see any geo-
source including 6m @ 581ppm uranium, this current quarter, and significant results chemical surveying or EM work,” Venture
3m @ 678ppm, 3m @ 605ppm, 3.25m @ like these bode well for it.” managing director Andrew Radonjic said.
517ppm and 2m @ 824ppm. “Venture believes Chalice’s latest explo-
Boss managing director Duncan Craib More targets to fill ration results have successfully identified
said the drill results were part of a “two- a new and prospective ultramafic rock
pronged” strategy to realise shareholder the chalice sequence that runs parallel to the Thor
value. target and has never been explored.”
“This involves the recent FID to restart New nickel-copper-PGE targets have Meanwhile at Chalice’s Julimar project
Honeymoon’s production and generate been discovered at the South West pro- to the North, the explorer increased its
substantial cashflows, which will make ject’s Thor prospect south of Perth, oper- Gonneville resource to 11 moz palladium-
Boss Australia’s next uranium producer, ated in partnership by Venture Minerals platinum-gold, 560,000t nickel, 360,000t
and to grow Honeymoon’s mineral re- Ltd and Chalice Mining Ltd. copper and 54,000t cobalt.
source and mine life by advancing nu- Auger soil geochemistry work identified “Apart from further increasing the con-
merous highly promising near-mine and two targets located over interpreted ultra- tained metal, this resource update has
regional targets,” he said. mafic rocks which contain coincident and resulted in a significant increase in the
“Infill drilling will commence Q1 2023 untested EM and magnetic anomalies. higher-confidence indicated resource –
with the aim of increasing the production These new targets were not part of which now represents 70% of the total re-
throughput and growing the mine life at Chalice’s ground EM programme com- source,” Chalice managing director Alex
Honeymoon.” pleted last year. Dorsch said.
“There are several kilometres of strike
Belara rock ‘n’ rolls

Belararox Ltd has confirmed new high- As well as boosting the resource at its Julimar project, Chalice has identified new targets for
grade massive sulphides at its zinc, cop- drilling at the South West JV with Venture
per and gold Belara project in New South
Wale’s Lachlan Fold Belt.
RC drilling was conducted on previously
undrilled areas and has returned impres-
sive results from a single hole such as 7m
@ 2.22% zinc, 2.54% copper, 0.64% lead,
36.87 g/t silver and 0.67 g/t gold from 78m,
including 3m @ 4.73% zinc, 5.85% cop-
per, 1.3% lead, 82.6 g/t silver and 1.5 g/t
gold.
Drilling has now confirmed high-grade
mineralisation closer to the surface than a
historical model previously showed.
More than 2,000 additional assay re-
sults were pending at the time of print, with
Belararox also planning to drill a further
eight diamond and four RC holes by the
end of July.
“We are delighted with the results for this
hole (BLRC 013) which is the best inter-
section drilled so far for the project,” Bela-
rarox managing director Arvind Misra said.

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