Thursday, April 18, 2024

MinEx CRC Commences Executive Funded Drilling on Moonera Venture

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Review

So much can exchange in two years — simply take a look at Brazil.

Highest described as just a little participant within the lithium area best two years in the past, the rustic has since change into one of the most premier locations for lithium exploration and construction. It began with the runaway luck of Sigma Lithium (NASDAQ:SGML, TSXV:SGML). Since then, more than one high-profile mining firms have established themselves within the nation.

This enlargement is not going to prevent anytime quickly, specifically in mild of new investments into Brazil’s battery production sector through firms together with BorgWarner and Inventus Energy. Inside the subsequent a number of years, Brazil may just change into a significant world provider. That is just right information for the lithium marketplace, as we’re swiftly drawing near the purpose at which call for will very much outstrip provide.

Oceana Lithium (ASX:OCN) is well-positioned to get us previous that time — and to faucet into Brazil’s fast-growing lithium mining business. An early-stage exploration corporate with vital alternative for discovery throughout its tasks, Oceana’s flagship Solonópole undertaking presentations substantial promise. The corporate additionally maintains extremely potential tasks in each Australia and Brazil.

Oceana Lithium Project Locations

Oceana’s acquisitions had been no twist of fate. The corporate’s well-informed exploration technique stems from veteran geologists and mining pros with a long time of revel in between them. It is already known more than one drill goals in Solonópole, all of which might be extremely potential and recognized to include lithium.

u200bSolonu00f3pole Lithium Project, Cearu00e1 State, Brazil

Situated 3 to 4 hours through sealed highway from the key port of Pecém and the capital town Fortaleza, Oceana’s Solonópole undertaking is composed of 10 lets in masking 124 sq. kilometers of extremely potential floor. Detailed box mapping through Oceana’s Brazilian subsidiary Ceara Litio has known a vital mineralized pegmatite hall throughout the corporate’s declare. The lets in additionally quilt a number of ancient artisanal mining websites in the past tapped for lithium, tantalum, niobium and tin.

Highlights:

  • A Ancient Artisanal Hotbed: Oceana has known greater than 50 small-scale artisanal mines right through box exploration. Mining at those websites best reached depths of a most of 10 meters because of the wish to blast laborious rock subject matter.
  • Mineralisation: Oceana has a frame of knowledge that means high-grade mineralization at Solonópole, together with:
    • Regional geological evaluation of the Solonópole Pegmatites used to be finished in 2012 through Brazilian Geological Survey (CPRM). Analytical effects (XRD) showed spodumene, lepidolite and amblygonite being the primary lithium bearing minerals .
    • A regional reconnaissance program finished through a prior explorer which accumulated 246 take hold of samples in 2016 and 2017 containing:
      • Lithium oxide (Li2O): 9 p.c.
      • Tantalum (Ta): 1 p.c.
      • Niobium (Nb): 1 p.c.
      • Tin (Sn): 1,000 ppm.
      • Beryllium (Be): 2.5 p.c.
    • First-pass soil geochemistry effects highlighting the presence of residual soil anomalies.
  • An Perfect Location: Solonópole is located in certainly one of Brazil’s two ancient lithium mining areas, giving Oceana get entry to to skilled labour and in depth pre-existing infrastructure. The undertaking could also be well-suited for exploration actions, as it’s arid and in moderation populated farmland. It additionally has get entry to to renewable power (sun farms and hydro energy).
  • Skilled In-country Staff: Oceana has invested closely in growing an in-house exploration workforce headed through skilled resident geologist Mike Sousa and a powerful company and felony control workforce based totally in Belo Horizonte headed through Cintia Maia and Carolina Carvalho who’re each fluent in English.
  • Exploration Paintings: Huge-scale infill soil sampling program carried out since March 2023 amassing over 10,000 soil samples, and primary move 2,000-metre RC drilling program throughout precedence goals used to be finished in August 2023. Section 1 RC drilling marketing campaign known new lithium-caesium-tantalum (LCT) pegmatite goals for deeper drilling in un-weathered zones. New information from geophysics and soil geochemistry anomalies point out a number of swarms of pegmatite our bodies putting in a NE-SW path, appearing a number of lithium-bearing pegmatites on the Bom Jesus de Baixo (BJdB) Pit; BJdB Central; Tin Mine; Nira; Lapinha; Urubu; Zilcar II and Rolados goals.
RC scout drill holes

Map appearing finished RC scout drill holes at Bom Jesus de Baixo Prospect

Napperby Project

A big-scale exploration undertaking located in Australia’s Northern Territory, Napperby covers 1,160 sq. kilometers. The one hundred pc owned undertaking could also be positioned throughout the Northern Arunta pegmatite province, anticipated to quickly change into a hotbed of mining and exploration. It presentations an identical geology to the Pine Creek pegmatite province, which hosts the Finniss lithium undertaking owned through Core Lithium (ASX:CXO).

Highlights:

  • A High Location: Napperby is offered by the use of each the Stuart Freeway and Tanami Freeway. It is also on the subject of Central Australian Railway with get entry to to the port town of Darwin. Rio Tinto Assets (ASX:RIO) additionally owns a big exploration software allow straight away to the south of Napperby’s EL32863. ELA32841 is below software.
  • Showed Pegmatites: Historic exploration of the area known more than one pegmatite dykes with each tin and tantalum mineral prevalence. Moreover, a 2005 research through the Northern Territory Geological Survey showed those as LCT pegmatites.
  • Exploration Paintings: Oceana has finished a hyperspectral survey to procure top of the range information over the undertaking space. Soil geochemical program finished finds a number of massive linear lithium anomalies, a few of which might be at the strike extension of pegmatite outcrop.
  • Uranium Attainable: Napperby has the possible to host uranium, lithium and a number of other different uncommon and treasured assets, together with uncommon earth parts and tantalum.

Board and Control Staff

Dr. Qingtao Zeng – Non-executive Chairman

Physician Qingtao Zeng has been broadly concerned within the lithium exploration and construction sector and is well-connected with doable off-take companions having acted as middleman for the availability or acquire of spodumene pay attention for a lot of manufacturers. He has been engaged as a consulting geologist in a spread of geological and industrial environments. Zeng finished a PhD in geology on the Centre of Exploration Focused on (CET) of College of Western Australia in 2013. He has revealed a number of instructional papers on construction keep watch over orogenic gold methods in numerous geological scales and is a member of Australasian Institute of Mining & Metallurgy (MAusIMM) and Society of Financial Geologists (SEG). He’s lately managing director of Australasian Metals Ltd, and a non-executive Director of Kodal Minerals, MetalsTech and Winsome Assets Ltd.

Aidan Platel – Non-executive Director

Aidan Platel is an skilled geologist and mining government with over 25 years’ revel in within the minerals business. He has a large ability set masking exploration, find out about execution, undertaking construction, mining, mineral processing and company financing throughout the minerals and mining provider sectors. He holds a Bachelor of Science stage (Honours in Geology) from UWA and has a Grasp of Trade Management from the Curtin Graduate College of Trade.

Platel has held a lot of government and non-executive director roles in ASX indexed exploration firms over his profession. He has a confirmed monitor report of exploration luck, having helped uncover and broaden a number of primary deposits together with the world-class Santa Rita Nickel deposit (>1Mt contained Ni steel) in Brazil. Platel is lately managing director and leader government officer of Charger Metals NL and non-executive director of Olympio Metals.

Dan Smith – Non-executive Director and Corporate Secretary

Dan Smith has greater than 15 years’ revel in in monetary markets, together with 10 years’ revel in with ASX List Laws compliance and company governance. Smith is a fellow member of the Governance Institute of Australia and holds a Bachelor of Arts in World Family members from Curtin College. He acts as corporate secretary for a lot of ASX, AIM and NSX-listed firms.

Caue (Paul) Araujo – Leader Govt Officer

Caue Araujo is a certified Australian-Brazilian geologist with over two decades of revel in as a mining business skilled. Following his early coaching with Vale in Brazil, his next roles have incorporated common supervisor of SRK Consulting Brazil, regional director of funding and trade making plans at Hatch (Australia and Asia), and world common supervisor – mine finance with mining business advisory workforce Palaris Australia. He has a robust flair for the technical and financial analysis of mineral useful resource tasks, having been concerned within the construction of a lot of tasks right through his profession running with finance suppliers and fairness traders together with rising lithium miners and mine gate pay attention manufacturers. Araujo is a member of the Australasian Institute of Mining & Metallurgy (MAusIMM) and the Australian Institute of Corporate Administrators. He has an MBA (undertaking control, trade and finance) from Ibmec College, Brazil. Thru his numerous revel in, he has delicate his skills to steer and set up multi-disciplinary groups. He’s well-acquainted with key chemical firms, battery manufacturers and EV producers within the provide chain and their necessities to protected environmentally accountable long-term assets of lithium provide.

Mike Sousa – Exploration Supervisor and Competent Particular person, Brazil

Mike Sousa is a passionate and effects pushed geoscientist with over seventeen years exploration and undertaking construction revel in, in his local Brazil and across the world, in battery minerals, gold, phosphates, niobium and uncommon earth parts. His revel in comprises making plans and execution of exploration methods from early to complicated degree and mine growth tasks. Sousa has labored in senior roles in quite a lot of states in Brazil for junior, mid-tier and primary nationwide and global firms together with Equinox Gold, Lithium Ionic, OZ Minerals, Anglo American, Vale and Glencore. He brings to Oceana profound native wisdom and established relationships with skilled provider suppliers in addition to native stakeholders. Sousa is a member of the Australian Institute of Mining and Metallurgy – MAusIMM (CP).

Cintia Maia – Corporate Administrator, Brazil

Cintia Maia is supervisor, company and director of the corporate’s Brazilian working subsidiary, Ceará Litio Mineração Ltda. She is an skilled company supervisor and administrator and a certified accountant with over two decades’ revel in.

Maia is accustomed to reporting necessities for Australian public firms, having in the past labored as CFO for GRD Minproc, AMEC Canada and a lot of different mining and commercial firms. She brings a wealth of sensible revel in to her function because the Corporate’s senior company officer in Brazil.

Carolina Carvalho – Supervisor Company Affairs, Brazil

Carolina Carvalho is an skilled company attorney, having spent greater than 15 years running with medium and massive multinationals working in Brazil. She has labored in mergers and acquisitions, tax making plans and strategic trade construction throughout a lot of industries together with mining.



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