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Company News
Manganese dubbed the next battery metal, but are ominous days ahead?
In theory, manganese is the next hot battery metal. In practice, it’s a commodity which ought to have a warning attached as a price slump threatens. Interest in mining companies exposed to manganese surged two years ago when it was named by Tesla founder Elon Musk as a metal which could become an important component […]
Carawine Resources reveals ‘exciting’ gold discovery at Hercules in WA
Gold and base metals explorer Carawine Resources (ASX: CWX) saw its stock price more than double in early trade after it announced it had discovered two new high-grade gold lodes at the Hercules prospect within its Tropicana North project in Western Australia. This followed Tuesday’s stellar share performance by Lefroy Resources (ASX: LEX) after it told the ASX of […]
Carawine Resources signs joint venture deal with Fortescue Metals Group for Paterson tenements
Hot on the heels of farm-in deal with Rio Tinto (ASX: RIO) last month, Carawine Resources (ASX: CWX) has now inked a $6 million joint venture with Fortescue Metals Group (ASX: FMG). The deal allows Fortescue to earn a 75% interest in Carawine’s Lamil Hills, Trotman South and Sunday tenements over two stages. Under the […]
Rio Tinto to farm into Carawine Resources’ high-priority copper-gold targets in Paterson Province
Rio Tinto (ASX: RIO) has scooped up more ground in Western Australia’s Paterson Province after it agreed to a $6 million farm-in deal with Carawine Resources (ASX: CWX). Via its wholly-owned subsidiary Rio Tinto Exploration, Rio will farm-into Carawine’s Baton and Red Dog tenements, which form part of the Paterson project. To-date, Carawine has firmed […]
Carawine Resources confirms copper-gold porphyry mineralisation at Hill 800 deposit
Junior explorer Carawine Resources (ASX: CWX) has reported “compelling new evidence” for a copper-gold porphyry source of mineralisation at the Hill 800 deposit within its Jamieson project in northeast Victoria. The company said an analysis of multi-element geochemical data by industry expert Dr Scott Halley provides strong geochemical evidence that a copper-gold porphyry intrusion may […]
Drilling hits ‘outstanding interval’ at Carawine’s Hill 800 gold prospect
Minerals explorer Carawine Resources (ASX: CWX) has announced positive assay results including an “outstanding interval” from a Phase 1 drilling campaign at its 100%-owned Hill 800 gold prospect in north-eastern Victoria. The interval was reported in hole H8DD009 at the 740 Zone of outcropping mineralisation, within the greater Jamieson gold-copper-silver-zinc project in the central Victorian […]
Carawine Resources strikes thick, shallow gold at Hill 800
Carawine Resources (ASX: CWX) has struck a thick gold intersection in its first diamond drill hole at the Hill 800 gold prospect, part of the Jamieson project in Victoria. The first diamond hole intersected 52m at 2.37 gram per tonne gold from 71m, which comprised a higher-grade interval of 30m at 3.76g/t gold from 90m. […]
Xmas comes early for Carawine Resources with ‘significant’ cobalt-manganese target
ASX debutant Carawine Resources (ASX: CWX) has identified a cobalt-manganese target at the historic Xmas prospect, part of its Oakover project in Western Australia. Situated in the eastern Pilbara, a review of historic rock chip samples at Xmas revealed up to 55% manganese, 0.31% cobalt, 2,320 parts per million zinc, and 8,650ppm barium. “It’s encouraging […]