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ASX Resources Quarterlies: These Mark Creasy backed explorers are on a rollMining
4 hours ago |
Reuben AdamsshareIt’s quarterlies season!
The ASX market announcements page has become increasingly flooded with lodgements so, to save you the trouble, we’ve wrapped the highlights from some of the junior exploration stocks that caught our eye today.
PEREGRINE GOLD (ASX
GD)In February, a company controlled by billionaire prospector Mark Creasy scooped up a 9.6% stake in gold-lithium explorer PGD for $2.25m.
Cashed-up PGD now has ~$4.3m to accelerate exploration on its portfolio of gold and lithium projects, which has rapidly expanded since listing in March 2021.
In the June quarter, the company completed a heritage survey at the flagship Newman gold project (formerly the Pilbara gold project) in preparation for highly anticipated RC drilling.
At the Rocklea project results are pending from a reconnaissance stream sediment sampling program, while a report is expected in the coming weeks which will highlight Hemi and Ni/PGE style targets at the Mallina gold project.
Post the end of the quarter, on 11 July 2022, an exploration licence was granted over the Pilgangoora North lithium project.
A comprehensive reconnaissance sampling program focused on stream sediment and rock chips is planned for the current quarter.
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