Carbine Resources reports steady progress on its Muchea West and Down South silica sand projects, securing key approvals and expanding exploration activities while maintaining a robust cash balance.
- Ongoing regulatory approvals and planning at Muchea West Silica Sand Project
- Additional access secured and field activities commenced at Down South Silica Sand Project
- Strong cash position of over $1.6 million following recent capital raising
- Exploration expenditure focused on tenement fees and reconnaissance activities
- No material changes to previously reported mineral resources
Progress at Muchea West Silica Sand Project
Carbine Resources Limited continues to advance its flagship Muchea West Silica Sand Project, located just 40km north-northeast of Perth. The project benefits from excellent infrastructure links, including proximity to Tonkin Highway and the Moora-Kwinana railway, facilitating potential bulk transport to the Kwinana Bulk Terminal. The company holds a granted exploration licence and a mining lease application covering over 100 square kilometres.
The project hosts a substantial maiden resource of 110 million tonnes of high-purity silica sand, with an exploration target ranging between 762 and 938 million tonnes at grades exceeding 99.6% silicon dioxide. Preliminary testwork indicates that simple wet attritioning can significantly reduce impurities, underscoring the deposit’s quality and Carbine’s competitive position in the Australian silica sand sector.
During the quarter, Carbine focused on navigating regulatory and stakeholder approvals, engaging with government departments and the Whadjuk Aboriginal Corporation. These steps are critical precursors to further field activities and a future scoping study. Meanwhile, desktop studies on environmental approvals, logistics, and infrastructure continue, laying groundwork for potential mining operations.
Advancing Down South Silica Sand Exploration
At the Down South Silica Sand Project near Bunbury, Carbine secured additional access agreements with landowners, expanding the area available for exploration. This project covers 58 square kilometres and includes multiple granted exploration licences. Historical drilling and surface mapping by previous explorers identified several promising silica sand targets.
Following these access gains, Carbine commenced field reconnaissance activities post-quarter, aimed at confirming access routes and refining target areas for initial auger drilling. These early-stage efforts seek to validate surface silica sand occurrences and build on historical data, setting the stage for more detailed exploration.
Financial Position and Corporate Developments
Carbine Resources remains well funded with over $1.6 million in cash at the end of September 2025, bolstered by a recent placement that raised approximately $435,000, including significant participation from directors. Exploration expenditure for the quarter was modest at $67,000, primarily covering tenement fees and field activities.
The company continues to pursue business development opportunities to complement its silica sand portfolio, reflecting a strategic approach to growth amid ongoing regulatory processes and project evaluations. Payments to related parties during the quarter related to director and consulting fees, consistent with standard corporate governance practices.
Importantly, Carbine confirmed there have been no material changes to its previously reported mineral resource estimates, maintaining transparency and confidence in its asset base.
Bottom Line?
With regulatory approvals progressing and exploration activities ramping up, Carbine Resources is positioning itself for the next phase of development in the competitive silica sand market.
Questions in the middle?
- When will Carbine complete the necessary environmental and mining approvals to commence production at Muchea West?
- What are the expected timelines and targets for drilling results at the Down South Silica Sand Project?
- How does Carbine plan to deploy its current cash reserves to accelerate project development or pursue new opportunities?