NickelSearch Ltd (ASX:NIS) MD Nicole Duncan talks Proactive through the focus of work for the company during its June quarter. Among the highlights - diamond drilling got underway at Sexton with two holes intersecting massive sulphide mineralisation in the Lower Mineralised Horizon. An RC drill program also tested high priority targets at B1 and Serendipity. At B1 RC drilling confirmed and extended the area of known historical nickel sulphide intercepts.

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SensOre Ltd (ASX:S3N) CEO Richard Taylor talks Proactive through the highlights of its June quarter. The company reported another record quarter for invoices, an increase of 67% versus the prior quarter. Total contract value increased 25% compared to Q3 FY2023 and importantly S3N achieved positive operating cashflow in the period.

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Galileo Mining Ltd (ASX:GAL, OTC:GLMGF) MD Brad Underwood tells Proactive the company has confirmed the presence of multi-element mineralisation in a new sulphide zone near the Jimberlana prospect, part of the Norseman Project in Western Australia. GAL used a round of reverse circulation (RC) drilling to test the new sulphide zone, which returned an 11-metre interval of 0.21 g/t 3E (platinum, palladium and gold combined), 0.18% copper, 0.13% nickel and 0.03% cobalt from 61 metres down hole, with a higher-grade component of 1-metre at 0.68 g/t 3E, 0.51% copper, 0.44% nickel and 0.07% cobalt from 68 metres.

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Tempus Resources Ltd (ASX:TMR, TSX-V:TMRR) CEO Jason Bahnsen tells Proactive the company has completed the first phase of a rock sampling program at the Elizabeth Gold Project in Southern British Columbia aimed at expanding the mineralisation footprint beyond the current drilling zone. TMR collected 90 rock samples in three key target areas covering 20 square kilometres, where a 2021 airborne magnetics and radiometric survey had identified geophysical anomalies.

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Musgrave Minerals Ltd (ASX:MGV) MD Rob Waugh tells Proactive the company’s board continues to unanimously recommend to shareholders that they accept the takeover offer by top 10 Australian gold producer Ramelius Resources Ltd in the absence of a superior proposal. This comes as Ramelius, through wholly-owned subsidiary Mt Magnet Gold Pty Ltd, surpassed a 17.71% interest in Musgrave last week and the offer from previous suitor Westgold Resources Ltd closed and lapsed given the offer conditions were not all fulfilled or waived.

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Silver X Mining CEO Jose Garcia joined Steve Darling from Proactive to share news the company shared its production results for the three months ended June 30, 2023, for the Nueva Recuperada project in central Peru. The company achieved steady production with a total throughput of 35,392 tonnes, compared to 20,877 tonnes in the second quarter of 2022. In terms of metal production, Silver X processed 296,493 silver equivalent ounces in Q2 2023, representing a 35% increase from 219,488 ounces in Q2 2022. However, the company experienced an unexpected drop in grades in some mineralized areas, which affected metal production and resulted in it staying at the previous quarter's level.

To address this issue and enhance metal throughput while reducing operating costs, Silver X Mining has devised a plan after meeting with its technical team, consultants, and contractors. As part of this strategic operational reset, the company has decided to place operations on hold for an estimated period of 30 to 45 days. During this time, they will implement measures to reduce operational costs by 20% and aim to bring production back up to 165,000 silver equivalent ounces per month. The company is taking these proactive steps to optimize its operations and ensure the efficient and sustainable growth of the Nueva Recuperada project.

American Rare Earths President, North America Mel Sanderson joined Steve Darling from Proactive to announce the appointment of Donald S. Swartz II as its Chief Executive Officer. Swartz brings over 20 years of leadership experience in the domestic and international resource sector. With a strong background in the mining industry, he has successfully developed and executed strategies that led to significant revenue growth and created new business opportunities.

Sanderson told Proactive that before joining American Rare Earths, Swartz served as Senior Vice President for Vista Energy Holdings, where he played a key role in developing two mining projects, both of which are now fully operational in Alberta and Nova Scotia, Canada. He has also held various leadership positions with Westmoreland Coal Company (NASDAQ:WLB), including Chief Commercial Officer, Senior Vice President of Commercial, Sales and Marketing, Vice President of Sales and Marketing, and Vice President of Business Development. The company is focusing on building its presence in the United States and has selected Denver, Colorado, as its new corporate headquarters due to its proximity to its flagship operation in Halleck Creek, Wyoming. With Swartz at the helm, American Rare Earths aims to continue its growth trajectory and capitalize on the opportunities in the mining industry. The company has also announced they have staked 37 federal claims at a new high-grade rare earth deposit in Wyoming. The new area is north of the Company’s flagship Halleck Creek Project and has very similar geological characteristics.

Eskay Mining technical advisor Dr Quinton Hennigh joined Steve Darling from Proactive to provide an update on the company's 2023 exploration activities at the Consolidated Eskay Gold Project in the Golden Triangle of British Columbia. According to Hennigh, diamond drilling has already commenced at the Tarn Lake target, and a second drill is currently being mobilized to the site. Eskay Mining plans to complete up to 6,500 meters of core drilling in 2023, targeting several high-quality areas, including Maroon Cliffs, Hexigon-Mercury, Tarn Lake, Scarlet Knob, Bruce Glacier, Storie Creek, Cumberland, and TV South.

The company aims to "sharp-shoot" multiple high-quality targets as the best approach to potentially make one or more new discoveries in 2023. The funding for this extensive drilling program comes from the recent sale of five mining claims to Skeena Resources, along with Eskay Mining's existing treasury. Among the targets, two new drill locations have been identified by Simcoe Geoscience, namely the Maroon Cliffs and Hexigon-Mercury geophysical anomalies. Both of these targets display strong geophysical similarities to the nearby Eskay Creek deposit, a renowned gold-silver mine in the region. The company has been actively preparing to drill these new targets since commencing its field program in late June. The exploration efforts are part of Eskay Mining's strategy to identify new potential deposits and expand its resource base in the Golden Triangle, a highly prospective area known for its mineral wealth.

Arrow Exploration CEO Marshall Abbott joined Steve Darling from Proactive to provide an update on the operational activity at the Carrizales Norte (CN-2) field on the Tapir Block in the Llanos Basin of Colombia, where Arrow holds a 50% beneficial interest. The CN-2 well was spud on June 15, 2023, and successfully reached target depth on June 23, 2023. During drilling, the well encountered multiple hydrocarbon-bearing intervals. After completing testing, it was found that the CN-2 well in the Ubaque formation has approximately 60 feet of net oil pay.

The Ubaque formation is a clean sandstone with consistent characteristics, exhibiting 26% porosity, four Darcy permeability, and high resistivities from the top of the sand to the base of the sand. Following the successful testing, an electric submersible pump was installed in the well after perforating the formation. The log responses from the Ubaque formation in both CN-1 and CN-2 wells were very similar, which led the company to make the decision to proceed directly to perforation and well production of the Ubaque in CN-2. This has provided valuable insights for the company regarding drilling targets and potential recompletion opportunities in the future. Arrow Exploration is eagerly awaiting the results from the CN-3 well, which will provide crucial information to determine the size of the pools in the field and the potential reserves additions. The successful progress in the CN-2 well is seen as a positive indicator for the company's ongoing operations and future prospects in the region.

Neural Therapeutics CEO Ian Campbell joined Steve Darling from Proactive to share exciting news that after 11 months of rigorous review, the company has received permission from Peru's Ministry of Agriculture to access genetic resources and their derivatives for the evaluation of the mescaline-containing cactus species of the Echinopsis genus, commonly known as San Pedro or Huachuma, for possible medicinal purposes.

The company's plan is to develop intellectual property that will pave the way for drug development using mescaline. Mescaline is a chemical compound classified as a psychedelic and has shown potential medicinal and therapeutic applications. It is derived from the Peyote and San Pedro cacti. Neural Therapeutics is committed to sustainable practices throughout its exploration and development of mescaline-containing cacti. This includes replanting, donating samples for genetic preservation, and publishing biomarker data to aid in the preservation of wild stands of these cacti species. The access to genetic resources and derivatives of the San Pedro cactus will enable Neural Therapeutics to further explore the potential medicinal benefits of mescaline. The company's efforts could lead to the development of novel therapeutic options and potentially expand treatment options for various medical conditions. As the research progresses, Neural Therapeutics aims to ensure responsible and sustainable practices to safeguard the preservation of these valuable plant species. This approach aligns with the growing interest in harnessing the potential of natural compounds for therapeutic purposes while respecting the environment and preserving biodiversity.