Mining Discovery’s Post

LANTHANEIN RESOURCES LIMITED (ASX:LNR, OTC:FRNRF) has inked a variation deed to extend the timeline for earning a 50% legal and beneficial interest in the Lady Grey Project, on tenement E77/2143 in Western Australia. The extension, agreed upon with Gondwana Resources Ltd and other stakeholders, grants Lanthanein an additional six months in exchange for a payment of A$200,000. This extension tackles delays in approvals from the WA Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) for the grant of programs of work, which are necessary for planned drilling activities. In addition, delays in scheduling heritage surveys for the proposed drilling areas have compounded the timeline challenges. More at #Proactive #ProactiveInvestors #ASX #LNR #Mining #CriticalMinerals http://ow.ly/gPh5105R9Yr

Delta Resources Inc. (DLTA-V)   Delta receives exploration permits ahead of 2025 drilling at the expanded Delta-1 Property in Thunder Bay, Ontario       Delta Resources Limited, on November 26, 2024, reported that it has received 2 exploration permits to allow for early-stage mineral exploration at the Delta-1 Project in the Thunder Bay District of Ontario. The 100% owned Delta-1 Gold Project is located ~50 km west of Thunder-Bay, Ontario and is well situated along the Trans-Canada Highway. Over 90% of the Delta-1 expanded property is now permitted for early-stage exploration which includes diamond drilling. Recall on October 29, 2024, Delta had announced that it had acquired a 100% interest in the Shabaqua Corners property from Metals Creek Resources Corp (MEK-V), composed of 19 claims (~233 ha) and assuring a strategic land positioning covering potential extensions of the Eureka Gold Zone (https://lnkd.in/gkQVsbjF).   See end of: https://lnkd.in/e_i2vg9z     https://lnkd.in/gxWnJepQ #ontario #gold #exploration

Riversgold Limited (ASX:RGL) has encountered #SupergeneGold at much shallower depths than anticipated at the Northern Zone (NZ) Gold Project near Kalgoorlie in Western Australia. A reverse circulation (RC) drilling campaign intersected #gold mineralisation to the north and south of the company’s maiden diamond drill hole on the tenure. The drill bit was aimed specifically at a shallower, up-dip zone of mineralisation, hitting up to 18 metres at 4.14 g/t gold from 36 metres of depth and 54 metres at 0.38 g/t gold from 158 metres. RGL intends to expand its exploration efforts with more drilling to the northeast, following the trend of the mineralised porphyry gold system. More at #Proactive #ProactiveInvestors #GoldMining #GoldStocks #MiningAustralia http://ow.ly/xrIu105Aeo8

Double Eagle IV has quietly added to its Midland Basin acreage footprint since the private E&P launched in 2022 with over $1.7 billion in investor commitments.   The latest iteration of Double Eagle is led by co-CEOs Cody Campbell and John Sellers, who in 2021 guided Midland Basin E&P Double Eagle III through a $6.4 billion sale to Pioneer Natural Resources.   After reloading with dry powder from EnCap Investments, Apollo Natural Resources and Magnetar Capital, Double Eagle IV is back to buying and drilling in the core of the Midland Basin.   Analysts say the experienced Double Eagle IV team has quickly developed one of the more attractive inventory portfolios among the shrinking list of private producers still standing in the Permian, and industry experts are keeping a close eye.   Double Eagle, unlike many of its smaller private peers, is drilling some of the most core portions of the Midland Basin, directly adjacent to where major players such as Pioneer, Diamondback Energy, Exxon Mobil Corp and ConocoPhillips.   Their operating arm, DE IV Operating LLC, are operating on leases in Martin, Reagan, Midland, Ector, Glasscock, Upton, Andrews and Howard counties, Texas.   The company’s Permian oil production totaled nearly 1.12 MMbbl this January, or an average 38,700 bbl/d, per the RRC’s most updated figures,   up from 96,000 bbl, roughly 3,100 bbl/d, in January 2023.   But Double Eagle IV’s value isn’t based on just existing oil production; It’s also based on the company’s high-quality portfolio of undrilled land.   It is estimate that they own 300 gross operated drilling locations across the core of the Midland Basin.   The land surrounding Double Eagle IV’s position is awash in a historic deluge of corporate consolidation, with many of the area’s oldest and largest operators getting scooped off the drawing board in a matter of months.   Exxon Mobil’s acquisition of Pioneer Natural Resources for $64.5 billion, including Pioneer’s net debt, will reshape the pecking order in the Midland Basin.   Diamondback Energy’s acquisition of Endeavor Energy Resources for $26 billion, including debt, was the largest takeout of a private oil producer on record, per Enverus data.   Occidental is making a smaller, albeit still massive, $12 billion acquisition of private E&P CrownRock LP for more running room in the Midland Basin.   Other smaller publics Civitas Resources, Ovintiv Inc., Vital Energy and SM Energy have also gotten deeper in the Midland Basin through M&A in the past year.   After well over $100 billion in deal making in the past 12 months, acquisitive operators are left with a much smaller slice of the Midland Basin pie to parse through for potential deals.   That’s why Double Eagle IV stands out so much among the rest of the private equity-backed E&Ps remaining in the Permian.   Experts anticipate Double Eagle IV will eventually approach the market for a sale, like the exit strategies for previous iterations of the company.

$WAM.V drilling confrims district-scale potential. Initial exploration drilling at the Warm Springs target confirms a ~1.7 km x 1.0 km mineralized corridor, south of the WS fault, trending east-northeast with eight of nine holes encountering significant CRD-style alteration and mineralization. https://lnkd.in/gQPmzvcD

Forrestania Resources Ltd (ASX:FRS) is poised to kick-off a combined placement and share purchase plan (SPP) for up to $950,000 with proceeds to go to #gold exploration programs, particularly at the Bonnie Vale Project near Coolgardie in Western Australia. The company is seeking $344,000 through a placement of 27.5 million shares and a further $607,000 through a SPP with 48.5 million shares on offer. FRS intends to follow up promising drilling results from the Bonnie Vale Project, which included grades up to 7 metres at 5 g/t gold, 6 metres at 6.5 g/t and 16 metres at 2.6 g/t from between 4 and 24 metres of depth. The project has also historically generated soil samples of up to 49 g/t gold in geochemical drilling, adding another layer of prospectivity. More at #Proactive #ProactiveInvestors #MiningAustralia #GoldMining #GoldStocks http://ow.ly/NjLs105LPv6

APA Selling Bundle of Natural Gas-Weighted Properties in Upper Eagle Ford, Permian https://ift.tt/D08kt4p Houston-based APA Corp. has clinched agreements to sell some natural gas-weighted assets across Texas for more than $700 million. Subsidiary Apache Corp., which oversees exploration and production activity, is divesting properties in the Upper Eagle Ford Shale, which is generally in East Texas. It also is selling properties in West Texas within the Permian Basin’s Midland formation.  Combined, average production was 13,000 boe/d during the first quarter. “Slightly more” than 33% of the overall output mix was petroleum-weighted, Apache noted. [Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.] “These transactions are consistent with our active management of the portfolio, and we will continue to look for opportunities to exit assets that are unlikely to compete for capital within our portfolio or to monetize noncore assets at attractive prices,” APA CEO John J. Christmann IV said. APA during the first quarter curtailed about 35 MMcf/d of natural gas “in response to weak or negative Waha hub prices.” Last year, as gas and liquids prices surged, activity resumed in APA’s gas-rich Alpine High asset, which is in the Permian’s Delaware sub-basin. Early this year, the company then fortified its oil-weighted position in the Permian with the $4.5 billion, all-stock takeover of Callon Petroleum Co. Pro forma Permian production from the combined firm is about 500,000 boe/d. In one deal, private equity-backed WildFire Energy I LLC agreed to buy Eagle Ford assets in East Texas. The deal includes 237,000 net acres and stakes in 465 wells. With the transaction, WildFire would operate more than 2,000 gross wells on 850,000-plus net acres.  The East Texas assets that WildFire is buying had average output of 11,000 boe/d in the first quarter. Pro forma, WildFire said its production would surpass 50,000 boe/d. WildFire, based in Houston, began to build an East Texas portfolio in 2021 with the takeover of Hawkwood Energy LLC. The following year it acquired MD America Energy LLC. And last year WildFire bought a package of Eagle Ford assets in East Texas from Chesapeake Energy Corp.  “This acquisition of adjacent assets presented us with a strategic opportunity to continue consolidating the basin,” WildFire COO Steve Habachy said of the APA deal. The transaction, set to be completed by the end of September, would make the company “the largest operator in the entire Eagle Ford trend.” Meanwhile, Apache also is selling nearly 24,000 net royalty acres across several counties in the West Texas portion of the Midland. The mineral and royalty interests “were primarily nonoperated properties,” it noted. The properties produced around 2,000 boe/d net during 1Q2024.  Proceeds from the asset sales are to be used “primarily to reduce nearer-term borrowings.” APA said. APA ...

@Nexus minerals Minerals Ltd continues to advance the #WallbrookGoldProject in the north-eastern #Goldfields region of Western Australia, following the recent #Payns and #Godfreys discoveries.  Recent aircore drill success at Payns and Godfrey prospects highlight the potential for project scaling as the company focuses on building the project’s gold resource inventory.   Follow-up aircore drill program planning is now complete, with a POW submitted and the aircore drill rig is booked for February, as the regional exploration strategy to discover and build additional shallow gold ounces continues. Seven of the 18 high-priority regional targets have been first-pass drill tested to date, with six of those returning highly anomalous gold results  More at #Proactive #ProactiveInvestors #ASX #NXM http://ow.ly/GbRo105QMlB

🚀 Mt Sholl Drilling Program Receives Approval! 🚀 Raiden Resources Limited (ASX: RDN | DAX: YM4) is set to commence drilling at the Mt Sholl Copper-Nickel-PGE project in Western Australia, having secured all essential approvals. This 3,000-meter reverse circulation (RC) drilling program is designed to identify new targets and expand the existing mineral resource, enhancing the project's strategic significance. With First Quantum Minerals covering the entire operational costs, Raiden can also concentrate on lithium exploration at Andover South. 🌟 Key Highlights: ✅ Approvals Secured: Final heritage report confirms no cultural obstacles to drilling. ✅ Work Approved: Program of Work (PoW) has been officially signed off. ✅ Preparations Underway: Drill access preparations are currently in progress. ✅ Targeted Drilling: Focused on exploring new targets and expanding existing resources. ✅ Fully Funded: First Quantum Minerals is backing the project under the MOU agreement. 💬 Comment from Mr. Dusko Ljubojevic, Managing Director, Raiden Resources: “With the administrative processes now completed, we can proceed with the Mt Sholl drilling once preparations are finalized. We believe the Mt Sholl Cu-Ni-PGE Project holds significant strategic value in the Pilbara district of Western Australia. The current resource represents a notable open-pit potential, with further upside to explore. The program is fully funded by First Quantum Minerals, allowing us to maintain our focus on the ongoing lithium exploration campaign at Andover South.” 📊 Investors’ Outlook: This announcement marks a significant milestone for Raiden Resources. Securing final approvals for the Mt Sholl drilling program signals substantial progress in unlocking the project’s potential, adding value to Raiden’s portfolio. With First Quantum Minerals fully financing the initiative, the company reduces financial risks while pursuing resource expansion and exploration opportunities. Investors can anticipate tangible results from this drilling program, which could contribute to future valuation increases. Read the Announcement Here - https://lnkd.in/gVdus2PM #RaidenResources #RDN #YM4 #Copper #Nickel #PGEs #Exploration #Mining #Pilbara #MtSholl #FirstQuantumMinerals #Lithium #DrillingProgram #ResourceDevelopment #InvestingInCopper #AustralianMining #MiningNews #ElectricVehicles #RenewableEnergy #GlobalMarkets #MineralsExploration #CommodityMarkets #CopperGrowth

🚨 Westgold Resources Advances Fletcher Zone Drilling at Beta Hunt 🚨 Westgold Resources Limited (ASX: WGX) has released significant results from its ongoing Stage 3 Resource Definition drilling at the Fletcher Zone within the Beta Hunt operation. Notable intersections include: 4.00m @ 22.45g/t Au in hole WF440N1-01AR 5.00m @ 10.95g/t Au in hole WF440N1-21AE 15.00m @ 3.07g/t Au in hole WF440N1-3AR Two additional drill rigs are being deployed, increasing the fleet to three at Fletcher. The maiden Mineral Resource Estimate for the Fletcher Zone is targeted for late Q2/early Q3 FY25. "Accelerating drilling will rapidly unlock value at Fletcher. Westgold looks forward to expanding production at Beta Hunt and delivering a maiden Mineral Resource Estimate for the emerging Fletcher Zone." Wayne Bramwell, Managing Director and CEO. #WestgoldResources #MiningUpdates #GoldExploration #BetaHunt #DrillingResults #MineralResources