North Stawell Minerals Ltd
North Stawell Minerals Ltd is focused on gold exploration activities within the North Stawell Project located in Victoria, Australia. The company holds a substantial 504 km2 package of ground in the gold-prospective corridor north of Stawell Gold Mines.
NSM's exploration strategy is underpinned by a combination of geophysics, modelling, and collaboration with CSIRO, Australia's National Science Agency to identify and assess promising targets. The company is targeting Stawell-type gold mineralisation with a focus on two key areas: Wildwood and Darlington.
Recent drilling programs have yielded encouraging results. High-grade gold intercepts were discovered at the Darlington site. Drilling at NSD057 showed that there was 2.3 meters of gold grading 29.2 g/t from 108.2 meters down, with 0.8 meters of that section grading 82.3 g/t Au. These findings have strengthened company's confidence in its exploration model and the potential for further discoveries.
North Stawell Minerals has been actively raising capital to fund its exploration activities. The company's cash reserves were $0.470M as of 31 March, with a market capitalization of $11.22M. The quarterly cash flow report ending 31 March indicates that payments for exploration and evaluation were $81.5K for the quarter and $187.2K year-to-date.
North Stawell Minerals presents a compelling case due to its strategic landholding, promising exploration results, and experienced management team. The company's focus on a single commodity and jurisdiction coupled with its methodical approach to exploration may offer a clearer path to potential growth.
Heavy Minerals Limited
Heavy Minerals Limited is an Australian industrial mineral exploration company focused on increasing shareholder wealth through the exploration and development of mineral resource projects. The company's primary focus is on its Port Gregory and Red Hill Garnet projects in Western Australia.
The Port Gregory project is a key asset with a JORC (2012) Mineral Resource of 166 million tonnes at 4.0% Total Heavy Minerals. The company is advancing the Port Gregory Pre-Feasibility Study with results expected in late May or early June 2025. The PFS is exploring various development options to maximize the project's Net Present Value.
Heavy Minerals Limited is focused on securing project funding. In the half-year report ending 31 December, the company reported a loss after tax of $495,701. The company has been actively pursuing funding through Tranche 1 and Tranche 2 Royalty funding agreements and utilizing its At-The-Market Facility.
Heavy Minerals Limited is making progress with the Port Gregory project. The Mining Lease Application for the Port Gregory project is currently being finalized, with the company targeting submission in Q2 2025. The company is also exploring potential industrial minerals opportunities to add value.
(Source: Company Announcements)
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