International Graphite (IG6:AU) has announced Land purchased for Collie plant development
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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) announced the completion of the final engineering design for its new-generation SNC UPS battery system. This milestone represents a significant advancement in the Company’s European commercialisation program, developed in partnership with AMPower, the world’s largest producer of sodium-nickel-chloride solid-state batteries.
Highlights
– Final design of the next-generation SNC UPS system now completed
– Factory Acceptance Testing (FAT) for the first unit scheduled for mid-March 2026
– Five trial sites identified across the Netherlands for deployment following successful FAT
– Major step toward European-wide commercial rollout with AMPower
– Supports gas infrastructure, heavy-industry UPS, and large-scale backup markets
– Reinforces growing demand for fireproof, maintenance-free SNC technology across Europe
With the design now complete, the first production unit is scheduled to undergo Factory Acceptance Testing (FAT) in mid-March 2026. The FAT process will validate the system’s electrical performance, safety features, communication protocols, and mechanical integration. This milestone will trigger the initiation of field deployments across the Netherlands, where the Company has identified five priority trial sites.
These five locations, secured through ongoing engagement with Dutch infrastructure and industrial partners, have been selected to demonstrate reliability across a range of UPS environments-including gas transmission facilities, industrial controls, and distributed safety-critical nodes. Each site will utilise the completed SNC UPS cabinet to replace ageing lead-acid or nickel cadmium assets, providing a direct drop-in comparison of life-cycle performance, reliability, and operational simplicity.
The Company notes that Europe’s infrastructure operators-particularly in gas transportation, water utilities, and industrial safety networks-continue to seek safer, maintenance-free alternatives to conventional battery systems. Lead-acid installations across Europe are reaching end-of-life in large numbers, while nickel-cadmium units face increasing environmental and regulatory pressure. Altech’s SNC solution directly addresses these needs, providing a fireproof, hydrogen-free, and maintenance-free UPS battery capable of operating in harsh climates and ATEX-classified zones.
Completion of the final design marks the transition from engineering development into early-stage commercial deployment. The system incorporates a full stainless-steel cabinet, integrated SNC modules, advanced passive-safety architecture, and seamless BMS integration using Modbus, CAN, and RS485 interfaces. Designed as a true ‘drop-and-play’ system, operators can install the SNC unit directly into existing UPS infrastructure without modifying inverters, rectifiers, or site wiring-significantly reducing project complexity and commissioning costs.
The upcoming FAT in March 2026 will represent the Company’s most important technical milestone in the SNC program to date. A successful FAT unlocks immediate preparation for shipment of the first units into Europe, followed by live-environment installation at the five Dutch sites. Deployment will generate operational data on real-world cycling, temperature response, long-duration backup capability, and SCADA integration-data essential for broader customer adoption across Europe’s heavy-industry and utility sectors.
The Company continues to receive strong inbound interest from European, Australian and US operators assessing SNC technology as a long-life, hazard-free alternative to lithium-ion systems, which remain unsuitable for explosive or ATEX-classified environments. With its fully sealed ceramic architecture, the SNC system offers a highly attractive safety profile, particularly for organisations managing risk-critical assets.
The design-completion milestone also reinforces the strength of the Altech-AMPower partnership. AMPower’s manufacturing capability, combined with Altech’s engineering leadership and market engagement in Europe, provides a highly scalable pathway toward long-term commercialisation. As the first unit approaches FAT, both companies are preparing for higher-volume production and accelerated deployment once field trials confirm expected performance outcomes.
The Company sees the Netherlands as a strategic entry point into broader EU adoption. The country’s advanced infrastructure, strong regulatory oversight, and emphasis on operational reliability make it an ideal environment to validate the technology. Successful deployment across the five Dutch trial sites is expected to pave the way for expansion into other parts of Europe.
Altech Managing Director Iggy Tan stated:
‘This is a major achievement for our engineering team and our partnership with AMPower. Completing the final design shifts the program from development into real-world deployment, and the upcoming FAT in mid March 2026 will be a pivotal moment. With five Dutch sites preparing to receive the first systems, we are now entering an important proving phase that will demonstrate the performance, safety, and reliability advantages of our SNC UPS technology. The level of interest across Europe continues to exceed our expectations, and this milestone positions us strongly for large-scale commercial uptake.’
About Altech Batteries Ltd:
Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
Source:
Altech Batteries Ltd
Contact:
Corporate
Iggy Tan
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com
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Altech Batteries (ATC:AU) has announced Altech – Design Completed for UPS Battery System
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BHP (ASX:BHP,NYSE:BHP,LSE:BHP) confirmed in a Monday (November 24) statement that its merger discussions with Anglo American (LSE:AAL,OTCQX:NGLOY) have officially ended.
The discussions trace back to April 2024, when BHP made its first offer to Anglo to combine their copper assets.
Copper has become a prime focus for various major mining companies as they seek scale and efficiency in the face of tightening supply and the costly hunt for new deposits.
BHP’s 2024 pursuit yielded a total of three offers, the last of which Anglo rejected in May of that year.
At the time, Anglo said that the deal did not meet its expectations.
That rejection didn’t entirely dissuade BHP, which according to Bloomberg made a new advance on Anglo last week.
The news outlet describes the move as a ‘last-minute proposal’ that would have prevented Anglo’s planned merger with Canada’s Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK). The combined Anglo-Teck entity is projected to become the second largest listed copper-focused producer after BHP.
In its statement, BHP said it is now abandoning its Anglo bid for good:
“Whilst BHP continues to believe that a combination with Anglo American would have had strong strategic merits and created significant value for all stakeholders, BHP is confident in the highly compelling potential of its own organic growth strategy.’
According to media reports, BHP saw a deal with Anglo as a means to keep its dominance in copper.
“While it remains the world’s top producer, its lead is narrowing in the years ahead without significant new projects,” Reuters notes. The news outlet quotes Berenberg analysts, who believe the Anglo-Teck merger now looks more solid.
“A BHP bid for Anglo would have frustrated that deal, but with BHP now stepping away, it appears that the interloper risk for Anglo has materially reduced and the Anglo/Teck Resources deal is likely to go ahead, assuming approvals are received,’ the firm wrote. The deal is still awaiting approval under the Investment Canada Act.
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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Further to its announcement on 20 October 20251, Jindalee Lithium Limited (ASX: JLL, OTCQX: JNDAF) (Company) is pleased to advise the results of its Share Purchase Plan (SPP). The SPP closed for applications on 20 November 2025, and the Company has today completed the allocation and issuance of shares and options under the SPP, raising total proceeds of $1.5 million.
The SPP, which targeted to raise up to $1 Million, was met with strong demand and closed oversubscribed. In accordance with the SPP Offer Booklet2, the Board exercised its discretion to accept oversubscriptions, resulting in total proceeds of $1.5 million. To ensure a fair allocation, applications for amounts greater than $5,000 were scaled back on a pro-rata basis. Excess application monies will be refunded to applicants in line with the SPP terms2.
A total of 2,720,065 fully paid ordinary shares (Shares) were issued at $0.55 per Share. Eligible shareholders also received one (1) option for every one (1) Share allotted, exercisable at $0.825 and expiring 30 November 2028 (Option), for nil upfront consideration. Participants in the placement announced on 20 October 2025 will also receive Options on the same basis as SPP participants, to be issued subject to shareholder approval at the Company’s general meeting to be held on 10 December 2025.
Funds raised will be used to advance the McDermitt Lithium Project, including exploration drilling, metallurgical testwork, and working capital to progress the proposed United States special purpose acquisition company (SPAC) transaction3.
Commenting on the SPP, Ian Rodger, the Company’s Managing Director and CEO, said “We are grateful for the outstanding support from our shareholders. The strong response to the SPP reflects confidence in Jindalee and the strategic importance of the McDermitt Project. On behalf of the Board, we thank you for your continued support.”
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Locksley Resources (LKY:AU) has announced Drill Program Operations Commence at El Campo
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Here’s a quick recap of the crypto landscape for Wednesday (November 26) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin’s (BTC) price climbed from around US$87K to close at US$89,903.49 on Wednesday afternoon, a three percent increase in 24 hours.
Bitcoin price performance, November 26, 2025.
Chart via TradingView.
However, a 1.55 percent increase in open interest during the same four hour window suggests fresh buying interest, while a positive funding rate of 0.002 reflects modestly bullish market sentiment. A relative strength index of 62.56 for Bitcoin indicates that the asset is in moderately bullish territory but not yet overbought.
Despite optimism of a possible temporary reset, investors warn that a decisive break below US$80,000 could expose Bitcoin to a slide toward the US$69,000 to US$62,000 support range.
As analyst Ted Pillows wrote on X, “$BTC is facing a lot of resistance around the $88,000–$90,000 zone. If BTC doesn’t break above this level soon, expect a sweep of the lows again.”
“Notably, what makes this episode different from past crypto winters is the investor base. BTC is now held by ordinary investors in their mainstream portfolios. So many are treating it like any other high-beta risk asset,’ she said.
“This behavior means that current price action is more of a classic de-risking phase. Rate-cut expectations change quickly, so investors opt for assets they perceive as core ballast. Given that, the picture suggests a complementary reading rather than a simple “either/or.” Gold acts as the insurance that central banks are still actively adding. In turn, Bitcoin is the high-risk component that investors reduce first when volatility rises,’ added Chen.
Meanwhile, Ether (ETH) closed at US$3,025.84, a 3.1 percent increase in 24 hours. ETH also showed strong bullish momentum, with a 2.7 percent rise in open interest and liquidations predominantly on the short side, signaling a short squeeze; however, a positive funding rate of 0.008 underscores traders’ optimism.
Altcoin price update
- XRP (XRP) was priced at US$2.22, up by one percent over 24 hours.
- Solana (SOL) was trading at US$142.99, up by 3.9 percent over 24 hours.
Today’s crypto news to know
Strategy insists balance sheet holds firm
Strategy (NASDAQ:MSTR) reiterated that its balance sheet can withstand a deep Bitcoin drawdown, telling investors in a recent X post that its collateral coverage would remain at 2.0x even if Bitcoin dropped to US$25,000.
The company disclosed updated calculations showing that its convertible debt remains overcollateralized despite the stock’s 49 percent slide and the risk of an MSCI index removal next year.
With 649,870 BTC — worth roughly US$57 billion — the firm remains the largest corporate holder of Bitcoin globally. Strategy maintains that this overcollateralization gives it room to manage volatility and refinance maturities that run through 2032. Despite the reassurances, the company continues to face pressure from index committees and investors reevaluating the long-term role of a Bitcoin-heavy corporate treasury.
Recently, S&P Dow Jones Indices left Strategy off its latest round of S&P 500 additions, choosing to elevate SanDisk instead despite Strategy’s market capitalization placing it within the top tier of US public companies.
Strategy’s bid for inclusion has been complicated by its reliance on Bitcoin holdings, which some index members argue behaves more like an investment vehicle than a traditional operating company.
For its part, Strategy insists that its software business, alongside its Bitcoin strategy, qualifies it as an operating firm under the index rules. Chairman Michael Saylor pushed back against the characterization, stressing on X that Strategy is “not a fund, not a trust, and not a holding company.”
Japan approves major regulatory shift for crypto under FIEA
Japan’s Financial Services Agency has finalized plans to move digital assets under the Financial Instruments and Exchange Act, marking the country’s most sweeping crypto regulatory overhaul in years.
The shift reclassifies crypto assets as investment products and subjects issuers and exchanges to disclosure and conduct standards similar to those governing securities.
The changes affect over 13 million Japanese crypto accounts that collectively hold more than ¥5 trillion, prompting concerns from local exchanges about higher compliance burdens.
The FSA’s working group outlined new obligations, including clearer disclosure of token supply, governance structures, project risk assessments, and issuer responsibilities.
In addition, exchanges will also be required to maintain reserve funds to cover potential hacking incidents. Regulators plan to crack down on unregistered offshore platforms that continue marketing to Japanese users without approval.
The legislative package is expected to be submitted during the 2026 Diet session.
Bolivia to integrate crypto and stablecoins into financial system
In a historic move, the government of Bolivia is preparing to integrate cryptocurrencies and stablecoins, according to an announcement from the country’s economic minister, Jose Gabriel Espinoza.
“You can’t control crypto globally, so you have to recognize it and use it to your advantage,” Espinoza reportedly said, according to Reuters. With stablecoins like USDT already being used for cross-border payments and as a hedge against the local currency’s depreciation, banks will soon be allowed to custody crypto, as well as offer crypto-based savings accounts, credit cards, and loans.
Spain moves to hike taxes on Bitcoin, Ether
A Spanish parliamentary bloc has introduced new tax amendments that would significantly increase the burden on Bitcoin, Ether, and other non-financial-instrument crypto assets.
The proposal would shift gains from crypto into the general personal income tax base, which carries rates of up to 47 percent — far above the current 30 percent maximum applied to savings-based income.
Lawmakers also want corporate crypto gains taxed at 30 percent and are pushing for a nationwide “traffic light” risk label that would appear on trading platforms.
Tax specialists argue the reforms would be difficult to implement, with some calling the package legally unworkable and likely to generate administrative chaos. Investors are likewise already expressing concern after a recent case in which a trader was taxed 9 million euros on a transaction that produced no profit, highlighting flaws in current enforcement.
If enacted, analysts further warn that the new measures could accelerate capital flight from Spain’s retail crypto market.
Grayscale files to offer Zcash ETF
Grayscale submitted a Form S-3 registration statement to the US Securities and Exchange Commission on Wednesday, signaling the firm’s intention to convert its fund tied to Zcash into a spot exchange-traded fund.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Here’s a quick recap of the crypto landscape for Monday (November 24) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$89,102.53, up 1.9 percent in 24 hours.
The cryptocurrency is up after last week’s rout, which saw over US$1.2 billion in spot Bitcoin exchange-traded fund (ETF) outflows, marking the third consecutive week with over US$1 billion in outflows, as per SoSoValue.
Bitcoin price performance, November 24, 2025.
Chart via TradingView.
However, market sentiment remains cautious, with the Fear and Greed Index reading 12 at market close. Increased open interest and large short liquidations suggest potential volatility and possible rebound dynamics.
“In the short term, a rebound is highly likely, but if we fall again and lose the US$80,000 level, the probability of facing a much tougher period becomes significantly higher,” CryptoQuant said in a post on X.
Bitcoin’s relative strength index at 58.52 indicates moderately bullish momentum, but is still comfortably below overbought territory. A -0.005 funding rate shows traders are still somewhat bearish, although short liquidations may start to shift momentum upward. Economic data due later this week could lift markets higher if it reinforces expectations of an interest rate cut from the US Federal Reserve. Market odds for a December rate cut have risen recently, with many sources placing the probability at around 70 to 79 percent.
Meanwhile, ETH (ETH) was US$2,973.36, up by 5.1 percent in 24 hours. Liquidations of US$39.75 million, predominantly in short positions, may have fueled upward price pressure through a short squeeze.
Open interest rose 3.07 percent to US$35.93 billion, suggesting increasing trader engagement and speculative activity in Ether derivatives. A funding rate of zero reflects a balance between bullish and bearish sentiment among traders.
Altcoin price update
- XRP (XRP) was priced at US$2.26, up by 9.2 percent over 24 hours.
- Solana (SOL) was trading at US$138.82, up by 4.7 percent over 24 hours.
Today’s crypto news to know
Cardano chain split, Etherscan API outage highlight DeFi risks
Recent events in the crypto ecosystem have underscored the vulnerabilities and institutional challenges facing DeFi investors. On November 21, Cardano experienced an accidental chain split triggered by a malformed transaction, temporarily dividing the blockchain into two competing chains.
The disruption exposed weaknesses in network resilience and stake pool operations, causing lost block rewards and transaction irregularities in DeFi protocols dependent on Cardano’s network stability.
Then, Etherscan unexpectedly cut off API access to roughly 10 percent of its blockchains and networks. This sudden outage occurred during the DevConnect conference, impairing developers’ ability to manage smart contracts effectively, further revealing how dependent DeFi investors are on the reliability of ancillary infrastructure.
These events came amid growing tensions involving JPMorgan Chase (NYSE:JPM).
The banking giant has drawn ire from the crypto community for reportedly influencing MSCI to exclude digital asset treasury companies holding more than 50 percent of their assets in cryptocurrencies.
JPMorgan’s research warns that the exclusion could trigger forced selloffs potentially totaling up to US$8.8 billion, with Strategy (NASDAQ:MSTR) alone possibly facing US$2.8 billion in outflows.
The final decision will be announced on January 15 ,with changes taking effect in February.
The bank then upgraded ratings on Monday for Bitcoin-mining companies Cipher Mining (NASDAQ:CIFR) and CleanSpark (NASDAQ:CLSK) to overweight from neutral, citing strong momentum in high-performance computing partnerships and long-term cloud and colocation deals that improve revenue visibility.
JPMorgan’s stance highlights the institutional and regulatory tensions complicating the interface between traditional finance and the fast-evolving crypto ecosystem.
Franklin Templeton, Grayscale launch XRP ETFs
The Franklin XRP ETF (ARCA:XRPZ) and the Grayscale XRP Trust ETF (ARCA:GXRP) both launched on Monday, providing new regulated investment options for XRP exposure.
Investor response was prompt, with early trading volumes indicating strong demand and positive sentiment around XRP’s future prospects as reflected in the market’s reception to both ETFs.
Market watchers see this dual launch as a major step toward integrating crypto assets like XRP into traditional finance frameworks, enhancing liquidity and investor confidence.
Ray Youssef, CEO of peer-to-peer crypto app NoOnes, said a wave of altcoin ETF launches could bring a much-needed dose of optimism back into the market if investors interpret new listings as implicit regulatory approval.
“As market sentiment has been so underwhelming in recent times, the ETF season hitting the market at its current condition may be when they can make the most significant contribution to the digital asset economy this year.”
Youssef added that the launch of altcoin ETFs is creating a steady flow of capital into the digital asset market, providing a liquidity buffer. This momentum could lead to an end-of-year rally for altcoins.
Burry debuts newsletter after Scion shutdown
Michael Burry, best known for his prescient bet against the US housing market in 2008, has launched a paid Substack newsletter not long after closing his hedge fund, Scion Asset Management.
In his introductory post, Burry emphasizes that the move does not mark a retirement, but rather a shift toward writing without the regulatory constraints that accompany professional money management.
Priced at US$39 per month, the newsletter has quickly drawn more than 21,000 subscribers.
Early essays revisit his trading history during the dot-com era and outline why he views today’s artificial intelligence boom as a supply-glutted bubble primed for correction.
With Scion now closed, Burry says the newsletter will become his primary outlet for analysis as he continues to track what he views as speculative excess building across technology markets.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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Canada is preparing to unveil a multibillion-dollar uranium export agreement with India, marking the strongest sign yet that the two countries are rebuilding ties after a two-year diplomatic freeze.
Two people familiar with the negotiations revealed that the deal, valued at roughly US$2.8 billion, would run for up to a decade and position Canadian producer Cameco (TSX:CCO,NYSE:CCJ) as a long-term supplier to India’s expanding nuclear power sector.
The final terms are still being refined, the sources cautioned, but the agreement is expected to be announced in the coming days.
The deal, if it pushes through, would form part of the formal attempt of both parties to revive economic cooperation after a period of political strain.
This culminated last weekend in a decision by Prime Minister Mark Carney and Indian Prime Minister Narendra Modi to restart long-stalled trade talks. The former has also accepted the latter’s invitation to visit India in 2026.
Both leaders signaled their intention to pursue a comprehensive economic partnership as they seek alternatives to increasingly unpredictable US trade policy.
According to two sources, the new agreement will not be a renewal but an entirely separate, larger commitment.
The pending export deal would go well beyond the countries’ previous uranium pact: a five-year, roughly US$350-million arrangement signed in 2015 that allowed India to buy Cameco uranium for civilian nuclear use.
In a recent press release, India’s Ministry of External Affairs also noted that “both sides reaffirmed their longstanding civil nuclear cooperation and noted the ongoing discussions on expanding collaboration, including through long-term uranium supply arrangements.”
India’s interest reflects its growing nuclear-power ambitions. The country operates about 25 reactors—many based on the Canadian-designed CANDU system—with six more under construction.
As electricity demand climbs and the government pushes to reduce carbon emissions, securing reliable uranium supplies has become a strategic priority for New Delhi. Expanded cooperation with Canada could also extend into small modular reactors, an area Ottawa has been promoting as part of its clean energy strategy and transition.
For Canada, the deal furthers its goals of developing a stable domestic nuclear supply. The country is the world’s second-largest producer of uranium, responsible for about 13 percent of global output, and holds some of the highest-grade deposits in the world.
Nearly 85 percent of Canadian uranium is exported primarily from mines in northern Saskatchewan. The industry generates around US$800 million in annual economic activity and employs more than 2,000 people, including many Indigenous and northern workers.
The diplomatic significance of the deal is equally notable. Relations between Canada and India plummeted in September 2023 after then-prime-minister Justin Trudeau accused New Delhi of involvement in the killing of Canadian Sikh activist Hardeep Singh Nijjar, an allegation India rejected.
The allegations led to trade talks being suspended, and political contact between the two countries sharply diminished.
While Canadian authorities continue to investigate the matter, Carney has signaled that he wants to move economic relations forward, particularly as he seeks to diversify exports away from the US under President Donald Trump.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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Silver Dollar Resources Inc. (CSE:SLV)(OTCQX:SLVDF)(FSE:4YW) (‘Silver Dollar’ or the ‘Company’) is pleased to report underground sample assay results and preliminary geologic modeling of existing high-grade drill results in support of an exploration and mining strategy shift from open pit to underground at its 100%-owned La Joya Silver (Cu-Au) Project (the ‘Property’) in the state of Durango, Mexico.
Figure 1: La Joya plan view showing mineralized areas and location of underground sampling.
A total of 16 channel samples were collected from the historic La Embotelladora mine workings, showing mineralization localized in ENE and NNE structural zones. Sample R-300 returned 2,753 grams per tonne (g/t) silver equivalent (AgEq) over 0.4 metres (m) representing the NNE trending zone. Sample R-291 returned 328 g/t AgEq over 0.4m representing the ENE structural zone (Table 1). These data combined with existing drilling results are aiding in the Company’s ongoing strategy of transitioning La Joya from an open pit to an underground project by confirming high grade mineralization localization in a network of prospective structures. Ongoing geologic modeling will focus on validating this thesis through re-focused exploration planning.
Photo 1: Underground sampling of the historic La Embotelladora Mineworkings.Figure 2: Plan view showing recent channel sample assay results and existing drilling results.
|
Sample ID |
Width (m) |
Ag g/t |
Au g/t |
Cu g/t |
Pb g/t |
Zn g/t |
AgEq g/t |
|
R-289 |
0.4 |
2 |
0.0 |
387 |
26 |
171 |
6 |
|
R-290 |
0.6 |
5 |
0.3 |
464 |
17 |
158 |
21 |
|
R-291 |
0.4 |
166 |
0.2 |
23,110 |
43 |
153 |
328 |
|
R-292 |
1.1 |
11 |
0.1 |
1,900 |
14 |
186 |
26 |
|
R-293 |
0.7 |
4 |
0.4 |
606 |
13 |
145 |
23 |
|
R-294 |
0.6 |
2 |
0.0 |
254 |
9 |
153 |
5 |
|
R-295 |
0.6 |
2 |
0.1 |
448 |
9 |
163 |
7 |
|
R-296 |
0.85 |
5 |
0.1 |
457 |
369 |
1,620 |
13 |
|
R-297 |
0.8 |
5 |
0.1 |
689 |
292 |
4,440 |
18 |
|
R-298 |
0.3 |
1 |
0.1 |
367 |
11 |
156 |
6 |
|
R-299 |
0.85 |
26 |
0.0 |
2,160 |
20 |
204 |
41 |
|
R-300 |
0.4 |
1,800 |
0.6 |
139,860 |
1,340 |
4,550 |
2,753 |
|
R-301 |
0.95 |
148 |
0.1 |
13,870 |
36 |
234 |
244 |
|
R-302 |
0.32 |
34 |
0.5 |
416 |
15 |
129 |
57 |
|
R-303 |
0.4 |
9 |
1.1 |
460 |
4 |
182 |
54 |
|
R-304 |
0.26 |
3 |
0.2 |
549 |
58 |
364 |
15 |
Table 1: Assay results from underground sampling campaign.
Silver equivalent is calculated using the following metal prices in USD: Au $1,750/oz, Ag $22/oz, Pb $1.25/lb, Zn $1.50/lb, Cu $4.30/lb. Recoveries of Au 66%, Ag 93%, Pb 87%, Zn 84%, Cu 70% historically reported from Pan American Silver’s La Colorada mine and Southern Silver’s Cerro Minitas mine (Cu only) have been used in the AgEq calculation, and are assumed to be comparable to anticipated recoveries at La Joya.
Figure 3: La Joya preliminary numerical model of AgEq trended to apparent E-W structural network.
Silver Dollar has also completed preliminary numerical modeling of existing drillhole assay data to identify additional high-grade mineralization. Numerical models were trended using preliminary vein modeling, which focused on a series of emerging E-W trends. Ongoing geologic modeling will incorporate other local trends, including a NNE structural trend, and the impact of stratigraphic-structural intersections on plunging mineral trends.
‘With silver, copper, and gold prices all reaching record highs this year, it’s an opportune time to re-conceptualize La Joya from a new underground perspective,’ said Greg Lytle, President of Silver Dollar. ‘The goal of our geological modeling is to assess La Joya’s underground potential based on a compilation of all historical data, consider hypothetical underground mining methods, and identify high-priority exploration targets to add value to the Project.’
Procedure, quality assurance/quality control and data verification:
All rock samples were collected, described, photographed, and bagged on-site. The samples were delivered by Silver Dollar staff to ActLabs in Zacatecas, Mexico for analysis. ActLabs is ISO 9001:2015 certified. Rock samples were crushed, pulverized and screened to -80 mesh at the lab, prior to analysis. Gold is analyzed by a 30g Fire Assay with AA (atomic absorption spectroscopy) finish, then gravimetric finish if greater than 10ppm Gold. Silver and 34 other elements were analyzed using a four-acid digestion with an ICP-OES (Inductively Coupled Plasma Optical Emission spectroscopy) finish. Silver, lead, zinc, and copper over limits were re-assayed using an ore-grade four-acid digestion with ICP-AES (Inductively coupled plasma atomic emission spectroscopy) finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance and quality control protocol.
About the La Joya Property:
La Joya is an advanced exploration stage property consisting of 15 mineral concessions totaling 4,646 hectares and hosts the Main Mineralized Trend (MMT), Santo Nino, and Coloradito deposits.
The previous operator, Silvercrest Mines, released a Preliminary Economic Assessment (PEA) NI 43-101 Technical Report on the La Joya Property in December 2013. The PEA included a mineral resource estimate (MRE) on the MMT and Santo Nino deposits (See Historical MRE Table) that was based on 89 holes totaling 30,085 m of Silvercrest’s drilling between 2010 and 2012 (See Historical MRE Model). The MRE was reported to conform to CIM definitions for resource estimation; however, a qualified person of Silver Dollar has not done sufficient work to classify the historical resource, and the Company is not treating it as a current mineral resource. Independent data verification and an assessment of the mineral resource estimation methods are required to verify the historical mineral resource.
The Property is situated approximately 75 kilometres southeast of the Durango state capital city of Durango in a high-grade silver region with past-producing and operating mines, including Silver Storm’s La Parrilla Mine, Industrias Penoles’ Sabinas Mine, Grupo Mexico’s San Martin Mine, Sabinas Mine, First Majestic’s Del Toro Mine, and Pan American Silver’s La Colorada Mine (Figure 4).
Figure 4: La Joya location and historical and operating mines in the area.
Dale Moore, P.Geo., an independent Qualified Person (QP) as defined in NI 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America’s premier mining regions: Idaho’s prolific Silver Valley and the Durango-Zacatecas silver-gold belt. Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, as well as the early-stage Nora project. The Company’s financial backers include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar’s management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can visit our website at silverdollarresources.com, download our investor presentation, and follow us on X at x.com/SilverDollarRes.
ON BEHALF OF THE BOARD
Signed ‘Gregory Lytle’
Gregory Lytle,
President, CEO & Director
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 – 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain ‘forward-looking statements.’ Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
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