Announcements

Kula Gold has dished up thick, shallow hits of bright white kaolin from a maiden drilling program at its 100 per cent owned Airfield project near Southern Cross in Western Australia. All three holes hit kaolin clay zones averaging 42m thickness from just 5m below surface, sending the company’s share price soaring by over 50 per cent in morning trading.

Sihayo Gold has clocked up more encouraging gold intersections from a diamond drilling program at its brownfields Sihayo gold project in North Sumatra, Indonesia. The pick of the assays from the latest seven holes at the Sihayo-2 prospect for which the company received results were 5m at 1.17 g/t from 25m, 3m going at 0.79 g/t from 4m and 4m at 0.76 g/t from 16m.

ASX-listed Calidus Resources has an eye firmly on becoming Australia’s next gold producer. With “rapid progress” made on several fronts in recent weeks the company says construction at its Warrawoona gold operation in WA’s Pilbara is now 40 per cent complete ensuring it is well on track for its first gold pour in the first half of next year.

Twenty Seven Co has defined three broad areas of anomalous gold mineralisation at its Yarbu gold project north of Southern Cross in Western Australia, with one zone coming in it at a hefty 1.9km-by-1.4km. The company plans to drill-test the new targets located along the Marda-Diemals Greenstone Belt that also hosts Ramelius Resources’ 280,000-ounce Marda gold project to the south.

Barton Gold has started a new geophysics program at its Tarcoola gold project in SA as it looks to hone the recently interpreted regional structural model for the brownfields project. The company says the ground penetrating radar survey will be aimed at priority targets identified last year as favourable for potential repeats of the mineralisation and auriferous structures at the nearby former high-grade Perseverance gold mine.

Perth-based biotechnology company PharmAust has clinched an agreement with the Walter and Eliza Hall Institute for research into the effectiveness of its monepantel drug against a cancer-inducing virus in humans. The research raises hopes for an effective treatment for 10-to-20 million people worldwide infected with the HTLV-1 virus, which causes pulmonary disease, inflammatory disorders and, in some cases, leukaemia or lymphoma.

Legend Mining continues to grow the mineralised intrusion at its Mawson nickel-copper-cobalt find in the Fraser Range of Western Australia with further sulphide intercepts including an 11m hit going 1.02 per cent nickel and 0.61 per cent copper, several hundred metres away from the discovery zone. A new intrusion some 2km south of Mawson has also been identified as downhole electromagnetic modelling defines further targets.

ASX-listed Galan Lithium has continued its strong sharemarket rise this year on the back of impressive new results from testing aimed at showing it can produce high-purity battery grade lithium carbonate from its flagship Hombre Muerto West lithium brine project located in Catamarca, Argentina.

Okapi Resources has secured a package of brownfields uranium assets in the US via an all-scrip “transformational” acquisition of Australia-based Tallahassee Resources. The company will pay the vendors of Tallahassee Resources 33.5 million new Okapi shares and 16.75 million options as consideration for the deal and inherit 100 per cent of the mineral rights over the Tallahassee uranium project tenure in Colorado’s Tallahassee Creek uranium district.

Estrella Resources has served up a 26.3m drill intercept grading 0.73 per cent nickel and 0.4 per cent copper from 361m at its exciting T5 discovery near the historical Carr Boyd Rocks mine north of Kalgoorlie in Western Australia. Two other holes also hit a broad zone of nickel-copper sulphides as drilling to test the extent of mineralisation continues.

ASX-listed Troy Resources has reported promising reverse circulation drilling results from its Gem Creek prospect, north of the company’s 100 per cent owned Karouni gold operations in Guyana. Notable shallow drill hits such as 1m grading 7.5 grams per tonne and 5m at 5.36g/t gold have been recorded over an identified 500m of strike with mineralisation said to be open in all directions.

ASX-listed Buru Energy has got its new drilling in Western Australia’s onshore Canning Basin off to a flying start with the first casing set in the Currajong 1 exploration well. Targeting 28 million barrels of conventional oil, Buru’s drilling of Currajong 1 is due to conclude in the next two weeks. A second well targeting 69 million barrels of oil at Rafael 1 is set to follow.

ASX-listed Hot Chili has applied to dual list on the Toronto Stock Exchange as it steps up its funding and development plans for the proposed large-scale Costa Fuego copper-gold project in Chile. The Canadian share market has a proven track record of supporting world-class exploration and development companies in the copper space with a number of recent transformative dual listings.

Novo Resources’ conglomerate gold-fed operation at Nullagine in WA continues to break new production records with the company pumping out more than 16.5 per cent more gold in June than in the previous month. Novo’s Golden Eagle mill produced 5,898 ounces of fine gold for the period, with the company also posting revenue of $12.8 million.

ASX-listed software-as-a-service provider K2fly has achieved strong business growth momentum heading into its new fiscal year with surging revenues and invoicing in the June quarter rounding out a successful FY2021. During the financial year K2fly landed significant new contracts with large miners which saw it invoice A$2.54 million in the June quarter, up 34 per cent year-on-year, bringing FY21 invoices to $7.8 million.

Venus Metals and joint venture partner Rox Resources have delivered solid gold hits including 5m at 5.96 grams per tonne gold near an old underground mine the duo plan to bring into production at the Youanmi gold project in the Murchison district of Western Australia.

St George Mining is off to a flying start in its copper-gold search in the “world-class” Paterson region of Western Australia with multiple holes from its maiden drilling campaign at its Paterson prospect hitting prospective basement rocks. Initial XRF analysis has returned elevated levels of pathfinder elements suggesting potential for base metal and gold mineralisation across 35km of target stratigraphy at the company’s tenure.

ASX newcomer Barton Gold is poised to commence drilling at its Tarcoola and Tunkillia gold projects in South Australia’s famed Gawler Craton, where the company is looking to build on a plus-1 million ounce resource base. SA-based contractor Bullion Drilling is mobilising to join Barton Gold’s exploration team on site and kick off more than 11,000m of drilling over coming weeks.

Askari Metals has successfully listed on the ASX, hitting the boards at an impressive 25 per cent premium to its 20c offer price. The company has raised close to $6 million as part of its initial public offering and has already locked in a drill rig to begin testing its highly prospective suite of copper and gold projects in Western Australia.

Lithium Australia appears to have taken a key step to commercialising its lithium manganese ferro phosphate or “LMFP” cathode powder used in lithium-ion batteries with the product now available for consumer testing. The company says LMFP-type batteries are cheaper, safer and longer lasting than traditional nickel-based alternatives with the likes of Tesla transitioning to phosphate-based batteries to power its electric vehicles.

Premium fertiliser hopeful Trigg Mining has edged closer to an ultimate development of its Lake Throssell sulphate of potash project near Laverton in WA following a “highly successful” brine pumping field trial. The company hopes to deliver a maiden indicated mineral resource this quarter on the back of its recently released inferred-category resource estimate of 14.2Mt of drainable sulphate of potash at 4,638mg/L potassium.

Aldoro Resources is spreading its wings in Western Australia’s Murchison region, snapping up lithium pegmatite prospects adjacent to its Windimurra lithium footprint through a deal to acquire the neighbouring Wyemandoo as well as the Niobe tantalum-lithium project near Mount Magnet from privately-owned Meridian 120 Mining. Aldoro says Windimurra is rich in lithium-cesium-tantalum or “LCT” type pegmatites, with tungsten also present.

Valor Resources has bumped up its uranium exploration acreage in the mighty Athabasca Basin region in central Canada to 986 square kilometres by acquiring five new projects, including one along strike from Rio Tinto’s Janice Lake property. The Athabasca Basin has historically produced about 20 per cent of global primary uranium supply and hosts the world’s highest-grade uranium mine at Cigar Lake.

Torian Resources has picked up the scent of arsenic from recent surface portable XRF gun and field work that it says points to two new high-priority gold targets at its Mt Stirling project about 40km north-west of Leonora in WA. The company says arsenic anomalies have previously correlated with gold in the region and recently led to the discovery of the Viserion lode at Mt Stirling.

Neometals has wrapped up a review of historical data for its 11 nickel sulphide deposits forming the Mt Edwards resource base near Kambalda in Western Australia, bumping up the total resources to a hefty 162,560 contained nickel tonnes grading at an average 1.6 per cent. Neometals plans to demerge Mt Edwards into a new ASX-listed company and focus on its core battery recycling and vanadium extraction businesses.

Middle Island Resources has set about the task of expanding the overall gold resource inventory at its multi-deposit Sandstone project in WA as it looks to improve the economic feasibility of recommissioning the old Sandstone processing plant. To help kick things along the company says it decided to extinguish the legacy two per cent net smelter return royalty that was hanging over Sandstone by paying Troy Resources $250,000.

ASX-listed Eclipse Metals has received a green light from the Greenland Government to commence initial exploration fieldwork at Ivittuut in the country’s south-west, enabling it to get boots on the ground next month at what was once the world’s only commercial source of cryolite. Eclipse aims to compile a JORC-compliant resource and also assess the rare earths potential at Ivittuut.

Native Mineral Resources has executed a pivotal access agreement with the pastoral leaseholder at its promising Music Well gold project north of Leonora in Western Australia. The Pastoral Access Deed agreement with Next Horizon 888 Management gives Native Minerals a clear path to accelerate exploration and development at Music Well, which has been producing bumper gold results from sampling of an outcropping quartz vein.

ASX-listed junior explorer St George Mining is set to kick off a seismic survey next week across an under-explored western portion of the “Cathedrals Belt” at its joint ventured Mt Alexander nickel-copper sulphide project in WA’s north-Eastern Goldfields region. The Perth-based company will be looking to map the host intrusive structures in the western area, where new electromagnetic conductors have been recently encountered.

Results from new metallurgical testwork on sample material from the 132N and Munda nickel deposits at ASX-listed Neometals’ Mt Edwards nickel sulphide project in WA’s world-class Widgiemooltha nickel province are said to have confirmed the project’s potential to deliver commercially acceptable nickel concentrates. The presence and recoverability of palladium from the deposits also points to a possible additional revenue source.

Oar Resources appears to have grown the target area of its exciting Gibraltar kaolin-halloysite find on the Eyre Peninsula in South Australia after identifying new zones of bright-white kaolin away from the initial discovery, including a large 5km-by-2.5km zone associated with granite basement rocks to the south-west. Initial XRF analysis has highlighted a 5m section going at 80 ISO-B brightness from 17m with results from more detailed XRD analysis pending.

ASX-listed base and precious metals explorer PolarX is aiming to get a drill rig into action soon at its Humboldt Range silver-gold project in Nevada, USA, after outlining several substantial, high-grade epithermal silver-gold anomalies at its Fourth of July claims. A major 3.5km-long anomaly has been identified grading up to 186g/t silver in the soils and with rock-chips going at more than 1,000g/t silver and 10g/t gold.