Andrew Duffy

Novo Resources will kick off 4km of RC drilling next week to follow up on high-grade gold hits reaching up to 6m at 6.12g/t at its Nunyerry North prospect, about 150km south-west of Port Hedland in Western Australia. Results from the company’s maiden drill program turned heads, with other intercepts running as high as 11m at 2.52g/t from 22m including a 6m chunk at 4.19g/t.

Image Resources has revealed a compelling prefeasibility study for its 100 per cent-owned Yandanooka mineral sands project north of Perth in Western Australia, showing an annual EBITDA of $277 million for more than eight years and a capital payback of just 15 months. The project is modelled to produce 1.04 million tonnes of heavy mineral concentrate during its 8.2-year mine life.

Si6 Metals has detailed plans to kick off its third drilling program in Brazil’s renowned “Lithium Valley”, with 20 auger holes to be plunged as the company homes in on lithium and rare earths soil anomalies going as high as 103ppm lithium and 710ppm TREO in the Padre Paraiso prospect area. The area has proven to be highly-prospective for lithium and rare earths.

Strickland Metals has entered the lucrative Serbian gold game after acquiring the Rogozna project that already boasts a whopping resource of 5.44 million JORC-compliant ounces of gold equivalent. The company says advanced exploration targets at Rogozna offer near-term growth, with diamond drilling outside of the existing resource going as high as a staggering 352m at 2.1 grams per tonne gold equivalent from 240m.

ABx Group’s ambition to produce aluminium fluoride for the aluminium smelting industry have been given a shot in the arm with new testing showing 88 per cent fluorine recovery from aluminium smelter waste – the best result to date from its bath pilot batch reactor in New South Wales. The company says learnings from the latest round of testing will be incorporated into the design of its upcoming continuous pilot plant.

This week’s Bulls N’ Bears top ASX runner is… Resource Mining Corporation. Its share price rose more than 213 per cent to join fellow movers and shakers LBT Innovations, Task Group Holdings and Arafura Rare Earths.

Javelin Minerals has revealed two significant board moves, adding well-known corporate finance executive Brett Mitchell and experienced geologist Pedro Kastellorizos as it prepares for more drilling in New South Wales. The company says Mitchell, who has more than 25 years of experience in the equity and venture capital markets, will take the reins as executive chairman. Kastellorizos will be a non-executive director.

Aurum Resources has uncovered high-grade gold in a diamond drilling program at its Boundiali project in in Côte d’Ivoire, with assays showing a headline 4m interval grading an eye-catching 22.35g/t from 226m. But the standout intersection was not sitting solo, with other results including 5m at 4.73g/t from 53.5m including 1.1m grading a healthy 20.35g/t and 16.64m at 1.45g/t from 56.26m including 10.4m going 2.11g/t.

Aurum Resources has bolstered its African diamond drilling fleet with a new, more powerful rig to help the company unlock a maiden gold resource estimate for its Boundiali gold project in Côte d’Ivoire this year. The three-rig drilling fleet will deliver an impressive 30,000m of core as the company takes aim at deep gold mineralisation beneath and adjacent to artisanal mines at the project.