Lake Johnston
This Project Summary was last updated 2010-05-09 19:53:25.The Lake Johnston Project (formerly Maggie Hays South) is located approximately 100 km west of Norseman, Western Australia in the Lake Johnston region. The site adjoins ground owned by Russian mining giant, Norilsk, and is approximately 50 km south of the Emily Ann and Maggie Hays nickel mines.
The project has potential for a gold, copper-molybdenum-gold and nickel sulphide styles of mineralisation.
All tenements and applications are 100% owned by Hannans Reward Ltd or are in joint venture (90% Hannans).
NEWS FLOW...
January 31, 2012
HNR AGM Presentation
More...January 31, 2012
2nd Quarter Activities Report
December 22, 2011
Drilling Update at Lake Johnston
- 20 RC percussion holes (for 3,248 metres) have been completed to date at the Mt Gordon Prospect
- The remaining planned 51 RC percussion holes (approximately 5,000 metres) will be completed during January and February 2012
- Samples have been submitted to the laboratory for drilling completed to date; assays have been received for only 4 holes (16 holes pending)
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November 14, 2011
Drilling Commences at Lake Johnston Project
- RC percussion drilling program has commenced at Lake Johnston.
- Four discrete high priority gold anomalies and a nickel anomaly to be targeted at Mt. Gordon.
- A total of 71 holes for 6,500 metres of drilling planned.
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October 31, 2011
1st Quarter Activities Report
More...September 30, 2011
Annual Report 2011
More...July 29, 2011
4th Quarter Activities Report
HANNANS REWARD
Our Exploration Team completed a substantial amount of preparatory field work and permitting during Q2 2011 and is now ready to test gold, nickel, manganese and iron targets with RC and diamond drilling during Q3 and Q4. Direct exploration cash expenditure during the Q was $0.9M. The Exploration Manager has set out the work completed during Q2 2011 in his report that follows.
In August 2011 we’ll commence RC drill testing a number of deep nickel sulphides targets at the Forrestania Project. These have been generated after a detailed study of the projects geology, geochemistry and geophysical data sets. Shortly thereafter we’ll commence a comprehensive RC drill program aimed at identifying high grade gold and nickel sulphides at Lake Johnston. We’re particularly excited about the gold drilling because the targets are robust and the gold price is high. Any gold exploration success at Lake Johnston should result in an immediate re-rating of the share price. The opportunity to put together the Company’s first mineral resource is likely to come from an RC and diamond drill program planned for manganese at the Jigalong Project late in Q3 or early Q4. An exploration budget of $4.5M has been set aside for the balance of 2011.
During the Q it was announced that Hannans’ iron and manganese projects would be developed within a new company owned 100% by existing Hannans shareholders. The Record Date for determining entitlement to the ‘spin out’ has been amended, as required by ASX, to a date to be fixed after consideration of the matter by shareholders. All details will be contained in a Notice of Meeting to be lodged in August 2011.
HANNANS INVESTMENT MANAGEMENT
At the end of the Q the equity and convertible loan portfolio was worth approximately $28.7M and the cash at bank $0.7M. No material purchases or sales of listed or unlisted equities took place during the Q. The equity portfolio will be sold down as and when required to fund exploration and working capital.
CORPORATE BOARD SERVICES (CBS)
The CBS Team lodged its first IPO during the Q.
More...July 4, 2011
Lake Johnston Project - Exploration Update
- Four discrete high priority gold anomalies and two nickel anomalies identified
- Anomalies generated from recently completed infill soil sampling within Mt Gordon prospect
- 6,500 metre RC drilling planned to test gold and nickel anomalies
- Flora and fauna survey in progress to clear access tracks and drill pads
- Drilling expected to commence this Quarter after completion of environmental surveys and receipt of all Government approvals
June 28, 2011
AMEC 2011 Presentation
June 17, 2011
The Gold Coast Resources Showcase 2011
View the presentation | Download
More...May 13, 2011
RIU Sydney Presentation
More...April 29, 2011
3rd Quarter Reports
More...April 3, 2011
Hannans Reward Ticks All of the Right Boxes
More...February 9, 2011
Lake Johnston High Grade Gold
- High grade gold mineralisation intersected in Hannans’ RC drilling at Hardcore Prospect
- Best RC drilling intersections include:
- HCRC009 – 4m @ 6.93 g/t Au (215m)
Including 1m @ 21.3 g/t Au (215m) - HCRC009 - 1m @ 6.34 g/t Au (222m)
- HCRC009 - 3m @ 4.44 g/t Au (237m)
Including 1m @ 11.4 g/t Au (237m) - HCRC009 - 1m @ 6.77 g/t Au (261m)
- HCRC005 – 1m @ 14.4 g/t Au (239m) (previously announced)
- HCRC009 – 4m @ 6.93 g/t Au (215m)
- Significant opportunity for discovery of additional high grade gold, in particular the Mt Gordon Prospect considered a ‘stand out’ target
- Exploration at Mt Gordon to commence this Quarter
February 7, 2011
Investor Presentation - February 2011
More...January 31, 2011
2nd Quarter Activities Report
More...December 9, 2010
Lake Johnston Gold Project Update
- RC drilling at the Hardcore Prospect in progress – 11 holes for 2,750 metres
- RC drilling at Ernest Prospect completed – 11 holes for 2,580 metres
- In-fill gravity survey between Ernest and Hardcore Prospects completed
- Exploration license containing the Richard Prospect granted
- Gravity survey and geochemical sampling being planned to advance Richard Prospect
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November 11, 2010
BRR Interview - Quarterly and Lake Johnston Project Update
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Click here for the interview with Hannans Reward Managing Director, Mr Damian Hicks
Click here for more BRR interviewsNovember 2, 2010
Lake Johnston Gold Project Update
- RC drilling (nine holes for 2,000 metres) at the Ernest Gold Prospect commenced last week
- Four RC holes completed; first batch of assays pending
- RC (eleven holes 2,750 metres) scheduled to commence at the Hardcore Gold Prospect pending drilling approvals anticipated to be received during November
- In-fill gravity survey between Ernest and Hardcore scheduled to commence this week.
October 12, 2010
1st Quarter Activities Report
Forrestania Project
- Field reconnaissance activities at the Forrestania Project have identified BIF outcrop in a number of locations at the Beautiful Sunday West Prospect area (E77/1512). The extensive BIF outcrop has confirmed the presence of greenstone stratigraphy in the area and has also significantly increased the probability of identifying ultramafic lithologies in the area.
- A gravity survey has also been completed over the Beautiful Sunday West Prospect; the survey has helped to confirm the presence of greenstone lithologies west of the Beautiful Sunday Deposit (owned by Western Areas NL).
- Surface auger sampling has been completed over the western ultramafic within the Stormbreaker Prospect on tenements E77/1354, E77/1406, E77/1430, P77/3607, P77/3848 and P77/3849 for a total of 3,152 samples, assays results are pending.
- Wide spaced auger sampling has also been completed at the Stormbreaker North area (M77/693), assays results have been received. The data has been processed and has confirmed that the central ultramafic unit continues north on to tenement M77/693.
- Gold anomalism has been identified in historical RAB drilling north-west of the Forrestania Project-Skeleton Rocks Prospect, an Exploration License application (ELA77/1846) has been processed by the DMP.
Queen Victoria Rocks Project
- RC percussion drilling commenced at the Benari Prospect within the Queen Victoria Rocks Project area. A total of 6 holes have been completed for 1,478 metres. The drilling to date has intersected amphibolites, komatiitic and granitic lithologies. Assays have been received for three holes with no significant assays to report.
Lake Johnston Project
- Gravity surveys were completed over the Ernest and Hardcore prospect areas; the surveys have shown that the gold mineralisation at both prospects is associated with a steep gravity gradient. The gravity gradient is interpreted to represent a large scale structure.
September 13, 2010
BRR Interview - High grade gold mineralisation at the Lake Johnston Project
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Click here for the interview with Hannans Reward Exploration Manager, Mr Don Huntly
Click here for more BRR interviewsSeptember 6, 2010
Lake Johnston Project – Gold Drilling
- Project review confirms historical high grade gold mineralisation and significant prospectivity within the project area
- Most significant mineralisation includes:
- 8 metres @ 5.09 g/t Au from 106 m
- 5.0 metres @ 3.2 g/t Au from 112 metres
- 3.5m @ 11.06 g/t Au from 127 metres
- 3m @ 5.08 g/t Au from 127 metres
- 3m @ 17.69 g/t Au from 124 metres
- Detailed, prospect scale gravity surveys recently completed over the Ernest and Hardcore prospects
- In-fill gravity survey between Ernest and Hardcore prospects to commence this Quarter
- 20 reverse circulation (RC) drill holes for approximately 5,000 metres planned to test significant Ernest and Hardcore gold targets; Government approvals pending
July 29, 2010
4th Quarter Activities Report
Forrestania Project - Nickel and Gold
- A twelve hole reverse circulation (RC) drilling program has been completed for 2,446 metres at the Forrestania Project. Favourable ultramafic host rock lithologies have been confirmed from the drilling
- Surface TEM traverses have been completed over the central ultramafic corridor at Forrestania. The survey has generated TEM anomaly coincident with an historic soil anomaly (PAC_007)
- Ongoing RC percussion drilling at Forrestania expected to commence during the December quarter
Queen Victoria Rocks Project - Nickel
- Hannans auger sampling has been processed resulting in two priority anomalies being generated over the western ultramafic contact position (EMT5 prospect area) at Forrestania
- Three discrete moving loop electromagnetic (EM) anomalies have been identified from recently completed geophysical surveys at the Queen Victoria Rocks Project (Benari Prospect). The EM anomalies are coincident with helicopter borne VTEM anomalies and historical geochemical (nickel and copper) anomalies announced on 19 May 2010
- Reverse circulation drill testing of nickel sulphide targets at the Benari Prospect is being planned for the coming Quarter
Summary of Activities
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Hannans exploration activities are aimed at identifying an economic nickel sulphide deposit (internal target) in excess of 30Kt of contained nickel metal (i.e. stand alone operation) characterised by high tenor (i.e. the percentage of pentlandite relative to pyrrhotite)nickel sulphides. The target model is characterised by a small 'foot print' generally 200m to 300m in strike extent and 5m to 20m width but with a very elongated (+1km) linear down-dip extent. This makes exploration for such an ore body with surface EM methods technically challenging, particularly more so in a conductive environment.July 20, 2010
Appointment of Exploration Manager
- Mr Don Huntly appointed Exploration Manager
- Mr Huntly’s background includes Chief Exploration Geologist for Xstrata Nickel Australasia (October 2008 – December 2009), District Exploration Manager for Jubilee Mines NL (February 2004 – October 2008) and Exploration Project Manager for Goldfields of South Africa
- Mr Huntly’s nickel experience will add significant value to Hannans’ nickel sulphide exploration projects at Forrestania, Lake Johnston and Queen Victoria Rocks
April 30, 2010
3rd Quarter Activities Report
Forrestania Project – Nickel & Gold
- Government approvals process delays RC drilling (originally scheduled to commence mid March 2010)
- All required approvals now received, drill pads and access pads cleared, drilling scheduled to commence early May
- Final processing & interpretation of helicopter borne VTEM survey produces additional electromagnetic (EM) anomalies at Stormbreaker*, Skeleton Rocks and Lucy Rocks Prospects
- Review of historical ground geophysical surveys identifies 5 new EM anomalies located within Stormbreaker Prospect Ground EM surveying of these 5 new EM anomalies produces 8 new RC drill targets
- Multiple tenement applications made
- Field reconnaissance of newly applied for tenements confirms the presence of prospective ultramafic stratigraphy
- Anomalous rock chip returns values including: 1055ppm Ni, 529ppm Cu, 1360ppm Cr and 35ppb Pt
Lake Johnston Project
- Review of historical ground geophysical surveys identifies 3 new EM anomalies
- Follow-up ground geophysical surveys to be completed during May
Queen Victoria Rocks Project
- Hannans/Vale joint venture comes to an end
- Hannans retains 100% of project and will review data before planning next phase of exploration
Jigalong Project
- 370 surface samples collected
Sunday Project
- Results pending from three diamond drill holes completed by joint venture partner
January 31, 2010
Lake Johnston Gold Project
- The Lake Johnston Project has the potential to host significant narrow, high grade gold mineralisation along a 25km corridor of prospective ground.
- At the Ernest Prospect, recently returned assays from Hannans’ drilling included 2m @ 6.3g/t gold and 60.3g/t silver from within 8m @ 1.9g/t gold and 20.4g/t silver (LJRC021) and 4m @ 1.8g/t silver from 4m (LJRC020)
- Gold and silver mineralisation at Ernest remains open to the north.
- At the Mt Gordon Prospect, historical intercepts include 5m @ 7.1g/t gold from 24m and 2m @ 6.9g/t gold from 70m
- Hannans’ is planning additional gold exploration activities at both the Ernest and Mt Gordon Prospects.
January 31, 2010
2nd Quarter Activities Report
Forrestania Project
- Helicopter geophysical (VTEM) survey at Stormbreaker
- Prospect successfully completed with anomalies generated
- Ground geophysical surveys commenced to follow up VTEM anomalies
- Settlement completed of additional ground at Stormbreaker Prospect
- Applications made for large landholding (called Skeleton Rocks) adjoining northern boundary of Stormbreaker
- Flora and fauna survey completed
- Next phase of RC drilling planned for current Quarter
- Subsequent to end of Quarter, experienced nickel consultant joins Forrestania Project exploration team
Lake Johnston Project
- High grade gold returned from 1 metre intervals confirms prospectivity for narrow high grade gold mineralisation
Queen Victoria Rocks Project
- Joint venture partner Vale completed six holes (mix of RC and diamond) testing nickel targets
Sunday Project
- Joint venture partner Triton Gold completed three diamond drill holes testing gold targets
Jigalong Projects
- Acquisition of aeromagnetic data to assist with gold and base metals exploration
- Manganese sale process deferred through to current Quarter (i.e. 3rd Quarter)
Corporate
- Warwick Resources Ltd shares converted into Atlas Iron Ltd shares following completion of Scheme of Arrangement
- Annual General Meeting completed and all resolutions passed
- Subsequent to end of Quarter, Mr Jonathan Murray appointed as non-executive director
September 22, 2009
$5.5M Capital Raising Completed
- All recently announced capital raisings ($5.5 million total) now completed
- Tranche 2 Placement shares tradable from Tuesday, 22 September 2009
- Drilling for gold at Lake Johnston now completed, assays expected October
- Drilling for nickel at Forrestania in progress, assays expected October
- Drilling for nickel at Queen Victoria Rocks by joint venture partner Vale(www.vale.com) scheduled for early October
- Geophysical survey (VTEM) at Forrestania scheduled for early October
- Hannans in strong financial position with cash at bank in excess of $6 million and listed equities worth $13 million
September 14, 2009
General Meeting Presentation
General Meeting
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14 September 2009August 25, 2009
Gold Drilling at Lake Johnston Project
- Reverse circulation (RC) drilling has commenced at Hannans’ Lake Johnston gold project
- 25 RC holes for approximately 1,875 metres will be drilled to test a 2 kilometre long gold anomalous corridor that remains open at either end
- No drilling has ever occurred within the gold anomalous corridor currently being RC drill tested.
- Gold target based on anomalous gold results obtained by Hannans from soil sampling, lake sampling and rock chip sampling.
- Lake Johnston drilling is expected to be completed during September where after the rig will move to the Forrestania Project to test three geophysical targets prospective for nickel.
- Initial results from Lake Johnston are expected in October.
April 30, 2009
3rd Quarter Activities Report
Jigalong Project-Manganese, Iron, Base Metals & Uranium
- Metallurgical test work on bulk surface manganese samples in progress
- New surface manganese prospect identified – Dead Camel Hill
- New possible channel iron-style mesa identified – Mesa 607 – assay 60% Fe
- Additional field reconnaissance of channel iron-style mesa to continue next week
Forrestania Project– Nickel Sulphides & Gold
- Approvals lodged to RC drill test geophysical targets – Stormbreaker
- Fixed loop geophysical survey completed – Beautiful Sunday West
- Auger soil sampling for gold in progress
Lake Johnston Project – Nickel Sulphides & Gold
- Auger sampling on Lake Johnston testing gold targets to commence in May
- 32 gold nuggets found on surface of Lake Johnston
- RC drilling planned for July to test onshore gold targets
- New tenement application increases strike length of prospective nickel ground
Queen Victoria Rock Project – Nickel Sulphides
- Vale farming-in to project
- Vale has reviewed Hannans existing data
- Field reconnaissance mapping has been completed
- Preparations made for completion of baseline environmental survey
Sunday Project– Gold
- AMF farming-in to project
- AMF to complete RC drill testing of gold targets in July
April 15, 2009
Shareholder update
- Takeover Bid
- Manganese & Iron
- Nickel
- Gold
March 25, 2009
Lake Johnston Major Exploration Project
- The Lake Johnston Project is now a major multi-commodity exploration project.
- New tenement application substantially increases strike length of ground prospective for nickel sulphides to over 10km.
- Heritage approvals for Lake Johnston recently granted enabling further exploration for copper-molybdenum-gold mineralisation to commence on the lake.
- Project renamed the Lake Johnston Project (formerly Maggie Hays South) due to its increased potential and size (now 203km2).
July 16, 2008
Fourth Quarter Activities Report
Heritage approvals have been lodged with the Department of Indigenous Affairs to conduct exploration activities on Lake Johnston. The Company is aiming to commence first pass exploration drilling on Lake Johnston to determine the extent of the projects potential to host a copper-molybdenum-gold system.
More...April 22, 2008
Quarterly Report
Strike extensions of the copper-molybdenum-gold anomalism confirmed by a soil sampling programme completed during Quarter
Encouraging platinum group elements returned from a rock chip programme completed during Quarter
More...January 31, 2008
Quarterly Report
High gold values returned from rock chip sampling
Project area increased by 137km2 following applications for additional tenements (100% Hannans)
Field visits aid geological interpretations for potential gold-copper-molybdenum systems completed
More...December 20, 2007
Maggie Hays South High Gold Values
October 11, 2006
Quarterly Report
Soil sampling planned for October, results anticipated 2nd Quarter
More...July 11, 2006
Quarterly Report
Independent review concluded that significant nickel potential (coincident geophysical and geochemical anomalies) remains to be tested with drilling
More...April 20, 2006
3rd Quarter Activities Report
Maggie Hays South (near Norseman, WA): 5,000 metres of drilling recently submitted for gold analysis with results pending
More...January 12, 2006
Quarterly Report
Hannans Reward to commence gold and nickel exploration at Maggie Hays South (near Norseman, WA)
More...April 4, 2005
MHS Drilling EM Surveys
February 18, 2005
MHS drilling commences
January 18, 2005
Quarterly Report
Widespread anomalous nickel was returned from drilling at MHS, with high grade nickel values returned including 3.02% nickel
MHS is located approximately 25km south of LionOre Australia Pty Ltd’s Maggie Hays and Emily Ann nickel mines
Drill intercepts included 6 metres @ 2.07% nickel (from within 11 metres at 1.45% nickel) and 43 metres at 0.56% nickel
Two strong electromagnetic conductor bodies were also identified which may represent deeply buried bodies of massive nickel sulphides
Diamond drilling and downhole electromagnetic surveys will commence in early February to test the widespread anomalous nickel values and the conductors
More...December 22, 2004
Exploration Update at Maggie Hays South
July 5, 2004
Quarterly Report
Joint venture signed with Nickel Australia Ltd (NKL) at Maggie Hays South (near Norseman, Western Australia) - Hannans Reward has signed an agreement giving NKL the right to earn 55% of the nickel minerals at MHS by delivering a bankable feasibility document within five years of commencing exploration. NKL must spend a minimum of $500,000 within 18 months of commencing exploration before they can withdraw.
More...July 5, 2004
Joint Venture to Explore for Nickel in the Lake Johnston Belt
April 20, 2004
Quarterly Report
Native title signatures obtained at MHS – all native title signatures have now been obtained for the Maggie Hays South nickel sulphide prospect enabling granting of tenements during May. The MHS nickel prospect is located approximately 25 kms south of LionOre’s Maggie Hays nickel sulphide mine.
More...09 06, 2010
