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Global Energy Metals Reports Significant Near-Surface Graphite At Millennium Project
Thenewswire· 2026-02-24 12:55
Core Insights - Global Energy Metals Corporation has reported significant Total Graphitic Carbon assay results from the Millennium Copper-Cobalt-Gold project in Queensland, Australia, indicating the potential for graphite as a valuable byproduct alongside existing resources [1][2]. Group 1: Project Overview - The Millennium Project is a key asset in Global Energy's portfolio, with the company holding a 49% interest and being fully carried on exploration costs as part of a joint venture with Metal Bank Ltd [2]. - Recent drilling confirmed thick, near-surface graphite mineralization, with notable results including 13.1m at 12.23% TGC and 30.85m at 14.11% TGC [4][6]. Group 2: Drilling Results - The drilling program consisted of four diamond drill holes totaling 462.8m, targeting a 750m strike of previously limited work within the graphite mineralized zone [11][12]. - Significant intersections included: - MI25DD03: 13.1m at 12.23% TGC from 1m and 30.85m at 14.11% TGC from 60.4m [6][19]. - MI25DD04: 14.3m at 8.68% TGC from surface and 3.7m at 22.19% TGC from 45.8m [20][21]. Group 3: Mineral Resource Estimate - The Millennium holds a JORC 2012 Mineral Resource Estimate of 8.4Mt at 0.09% Co, 0.29% Cu, and 0.12g/t Au, equating to a 1.23% CuEq on an Inferred basis [6][11]. - The mineralization remains open in all directions, suggesting potential for low-strip ratio development opportunities [5][22]. Group 4: Future Plans - Planned work includes ongoing preliminary metallurgical testing of graphite mineralization, resampling of historical core, additional drilling to define continuity and scale, and advancement of mining lease applications [26][30]. - The company aims to enhance its exposure to critical minerals and support the electrification movement through strategic investments [30][31].
Global Energy Metals Announces Exploration Permit Application Lodged at Millennium Project
Thenewswire· 2026-02-18 21:15
Core Viewpoint - Global Energy Metals Corporation is advancing its Millennium Project by applying for an Exploration Permit for Minerals (EPM) to enhance resource growth and project economics, supporting the transition to a new energy economy [1][3]. Group 1: Exploration Permit and Project Development - The application for the EPM is a strategic move to unlock near-term growth opportunities, allowing targeted drilling to expand and define existing mineral resources [3][5]. - If granted, the EPM will enable the expansion of the current cobalt-copper-gold resource and further define graphite targets on an accelerated timeline [5][6]. - The proposed drilling program includes testing a 200m x 200m "gap zone" within the current mining lease area, where the existing resource is believed to continue [4][10]. Group 2: Resource Estimates and Mining Leases - Millennium holds a JORC 2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12g/t gold, equating to a 1.23% copper equivalent on an inferred basis [6][7]. - A new mining lease was applied for in 2025 to cover the "gap zone" and additional land for operational and infrastructure needs [6][9]. - The additional lease area consists of approximately 159 hectares, including the gap zone, which was previously inaccessible [10][11]. Group 3: Strategic Partnerships and Future Plans - The project is being advanced by Metal Bank, which is earning an 80% interest in Millennium through a joint venture with Global Energy Metals [7][9]. - Metal Bank is also assessing the potential for further value from the Millennium Project by developing graphite resources, including surface mapping and metallurgical testing [14]. - The company is focused on maintaining regulatory compliance and technical rigor while pursuing resource growth and value creation [5][18].
Global Energy Metals' Partner Enters MOU With Austral Resources To Assess Toll Treatment Opportunities At The Millennium Project
Thenewswire· 2026-02-17 12:45
Core Viewpoint - Global Energy Metals Corporation has announced a non-binding Memorandum of Understanding (MOU) with Austral Resources Australia Ltd for a strategic alliance regarding the toll treatment of ore from the Millennium Copper Cobalt Gold Graphite Project at Austral's Rocklands processing facility, which is located approximately 19 kilometers away from Millennium [1][2][3] Group 1: MOU Details - The MOU allows both parties to collaboratively assess the technical, commercial, logistics, and feasibility aspects of toll treatment of Millennium ore at Rocklands [4] - The MOU is non-binding and non-exclusive, meaning it does not commit either party to a formal transaction, and any binding agreement will require due diligence and feasibility analysis [4] Group 2: Project Significance - The MOU enhances Austral's strategy to establish Rocklands as a regional processing hub, which could improve early mill feed options and restart planning [5] - Access to third-party ore could accelerate throughput ramp-up and reduce operating costs, leading to stronger returns on existing infrastructure [5] Group 3: Millennium Project Overview - The Millennium Project holds a JORC 2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12 grams per tonne gold, equating to a 1.23% copper equivalent [3][6] - Global Energy Metals holds a 49% interest in Millennium and is fully carried on exploration costs as part of Metal Bank's earn-in for 80% of the project [3] Group 4: Future Exploration and Development - An application for an additional mining lease has been lodged to facilitate further exploration and operations for cobalt, copper, gold, and graphite resources [6][13] - The company is assessing the potential for further value from the Millennium Project by developing graphite potential, including surface mapping and metallurgical testing [13]
Global Energy Metals Announces Resignation of Peter Reynolds as Director
Thenewswire· 2026-01-30 13:00
Core Viewpoint - Global Energy Metals Corporation announces the resignation of Mr. Peter Reynolds from its Board of Directors, effective January 31, 2026, with no disagreements reported regarding company operations [1][3]. Company Developments - The Board and management express gratitude for Mr. Reynolds' contributions since the company's inception and wish him well in future endeavors [2]. - The company will continue to evaluate opportunities to strengthen its Board composition in alignment with strategic objectives [4]. Strategic Focus - Global Energy Metals is focused on the critical mineral sector, recognizing the importance of securing supplies of battery metals such as cobalt, nickel, copper, and lithium to support the global electrification movement [6]. - The company employs a disciplined strategy of consolidation, partnership, and investment to advance a portfolio of strategically significant battery metal assets [6][8]. Project Portfolio - The company is involved in projects across Canada, Australia, Norway, and the United States, prioritizing assets located in established mining jurisdictions and close to end-use markets [7]. - Global Energy Metals aims to minimize logistical and processing risks to accelerate project development and entry into the battery supply chain [8]. Market Opportunity - The company views the electrification movement as a generational investment opportunity, emphasizing the importance of securing minerals that power the eMobility revolution [9].