Bulls N' Bears (Commercial Content)

Godolphin Resources’ looming resource update at its Narraburra rare earths project in NSW has received a boost after assays from a maiden, 27-hole drill campaign highlighted mineralisation outside of the known system. Eight drill holes delivered intercepts beyond the current threshold including a 21m at 1163ppm total rare earth oxide strike from 17m, suggesting the company could have a much larger inventory on its hands.

ABx Group’s 83 per cent owned subsidiary, Alcore has received an initial $3.3 million of an almost $7.6 million grant to support the development of an aluminium bath recycling plant at Bell Bay in Tasmania. The funding forms part of the Federal Government’s Modern Manufacturing Initiative and will also be used to support the ongoing construction of a similar pilot plant on NSW’s Central Coast.

Green energy metals explorer Octava Minerals has entered into a farm-in joint venture agreement that enables fellow explorer Future Metals to earn up to 70 per cent in Octava’s Panton North and Copernicus North nickel, copper and platinum-group metals projects in the East Kimberley. Octava will be free-carried through to a decision to mine and will receive about $600,000 in Future Metals shares.

Askari Metals has recorded significant copper and gold results from a maiden drill program at its Horry project in the Kimberley region of WA and identified numerous follow up targets for a second phase of exploration. The company completed 29 RC drill holes for 2096m that confirmed multiple mineralised deposits at its Horry Horse gold target and Mt Dockrell copper prospect.

Triangle Energy Global has reeled in $9.96 million after farming out 25 per cent of its L7 production licence and EP 437 exploration permit in WA to New Zealand Oil & Gas. The deal follows a similar agreement with Talon Energy last year and allows Triangle, who still retains a 50 per cent stake in the assets, to advance exploration in the zones via the newly formed joint venture.

Assay results received by Greenland-focused Conico Limited from its 100 per cent owned Mestersvig project have confirmed the quartz veins in the Blyklippen-Sortebjerg, Holberg, and Nuldal faults all host high-grade lead, zinc and silver mineralisation. The results are from a 10-hole diamond drill campaign that targeted vein-hosted zinc-lead-copper-silver mineralisation adjacent to the Blyklippen Mine and 20 rock chip samples taken during 2022 fieldwork.

Everest Metals Corporation is looking to expand its battery and precious metals portfolio after lodging an application for two prospective tenement packages near Alice Springs in the Northern Territory. The total application area covers the Georgina and Amadeus projects that include 15 exploration licences covering an area around 10,200 square kilometres.

The final tranche of assay results from a recently completed RC drilling campaign at Surefire Resources’ Victory Bore project in WA’s Mid-West have dropped through the company’s letter box, confirming even more, massive mineralised widths of vanadium pentoxide to add to what is already an enormous resource. Surefire has also uncovered a new vanadium prospect it has called the Mystery Lode.

White Cliff Minerals has confirmed the discovery of clay-based rare earths mineralisation at its Hines Hill project in WA after tabling a suite of new results including 3m at 1602ppm from 6m via a maiden 49-hole campaign. The headline strike sat inside a larger 25m intercept running 837ppm TREO from a shallow depth of 6m and was joined by an almost equally impressive 4m parcel grading 1182ppm TREO from 45m.

After completing a successful round of lithium brine pumping tests at its Hombre West project in Argentina, Galan Lithium has confirmed the high production capabilities at its Pila and Rana del Sal concessions. The program delivered a suite of robust extraction and production chemistry data that bodes well for the company’s soon-to-be-completed definitive feasibility study which aims to evaluate production at the site.

Perth-based Buru Energy has received a shot in the arm with the granting of two additional exploration permits regarded as highly prospective for petroleum in WA’s onshore Carnarvon Basin. The permits will be licensed to a joint venture of Buru and a Mineral Resources’ subsidiary, EnRes and lie south of the Pilbara coastal town of Onslow.

Venus Metals has confirmed the presence of rare earth elements at its Marvel Loch East project with results from rock chip samples returning grades of up to 4365 parts-per-million total rare earth oxides. The company recently collected a total of 38 rock chip samples and 93 historical drill spoil samples from the operation near Southern Cross in the Goldfields region of WA with one spoil sample recording a grade of more than 3000ppm TREO.

Lindian Resources has continued its impressive run of rare earth assay results at the company’s Kangankunde project in Malawi including a massive 300m hit at 2.31 per cent total rare earth oxides from surface. The explorer says all holes completed so far have started and ended in mineralisation with the 300m section including a whopping 124m intersection recording 2.53 per cent TREO from 176m to the end of the hole.

Everest Metals Corporation has paved the way for a new year battery metals hunt in WA’s Mid West region after announcing its intent to exercise an exclusive farm-in deal to earn a 51 per cent stake in the Mt Edon lithium, caesium and tantalum project. The deal follows a recent due diligence program that yielded encouraging RC drill results of up to 1220 parts per million lithium.

Estrella Resources has filled its coffers to the tune of more than $1 million after receiving a refundable tax offset for research and development expenditure at its Carr Boyd nickel project near Kalgoorlie. In November 2021 the company engaged three nickel experts from the CSIRO to initiate studies on the age, formation and characterisation of the Carr Boyd igneous complex as well as studying the formation and modes of mineralisation at T5, Broonhill, Tregurtha and Carr Boyd mine.

Coda Minerals has deployed cutting-edge technology at its Emmie Bluff iron oxide-copper-gold and copper-cobalt deposit as it aims to define thickness and structure of the mineralisation at the SA site. The company has commenced an Ambient Noise Tomography survey that is designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of IOCG mineralisation close to Emmie deposits.

Strickland Metals has identified a new structure at its Millrose gold project near Wiluna highlighting the possibility of a secondary high-grade deposit after receiving final assays from its 2022 drill campaign. The company says the recently identified Millrose West structure located about 200m west of the main Millrose deposit is open to the north and south and is traceable using geophysics data over around 5km.

Empire Energy has wrapped up a successful round of hydraulic stimulation at its Carpentaria-3H gas well in the Northern Territory’s revered Beetaloo sub-basin. According to the company the program’s total outlay of $17.3 million is roughly $3.6 million under its initial projections and is delivering results across each of the 40 planned stages of a 1989m section of the horizontal well bore.

Adriatic Metals has unearthed another batch of thick, high-grade massive sulphide mineralisation at its Rupice Northwest orebody - an extension of its Rupice multi-commodity deposit in Bosnia and Herzegovina. Diamond drilling at the site returned a broad 45.9 metre hit going 701 grams per tonne silver equivalent about 225m north-west of the company’s 12 million tonne resource grading 149 g/t silver, 1.4 g/t gold and 4.1 per cent zinc.

Classic Minerals has received high-grade results from extensional drilling at its flagship Kat Gap gold project in the Goldfields region of WA as the company moves steadily closer to production at the site. Assay highlights include a 6m section going a solid 12.12 grams per tonne gold from 70m including a 1m hit at an impressive 51.1 g/t gold from 70m whilst a second hole returned a 10m intercept grading 9.26 g/t gold from 57m including 3m recording 28.3 g/t gold from 70m.

Shares in Aruma Resources soared more than 50 per cent higher during intraday trade after the company confirmed a string of impressive assay results from recent drilling at its Mt Deans project near Kalgoorlie with 12 strikes grading more than 1.5 per cent lithium-rubidium. The results sent the company’s share price on a tear to an intraday high of 8.2c from a previous close of 5.3 cents on the highest daily trading volume in nearly a year.

Radiopharm Theranostics has appointed Rama Abu Shmeis as Senior Vice President Chemistry, Manufacturing and Controls, or “CMC” as the latest in a line of top-shelf appointments. The ASX-listed cancer fighter says Dr Shmeis brings a 23-year record of achievements in leading strategic, operational and scientific aspects of CMC development and manufacturing that also covers a wide variety of dose forms, products and technologies.

Everest Metals Corporation has hailed a new agreement to earn up to 100 per cent in the advanced Revere gold project north-east of Meekatharra in WA as a transformational opportunity for the company. Everest, formally known as Twenty Seven Co pointed to the zone’s historical production, significant gold-copper potential and clear runway to establishing a JORC compliant resource as key merits in the acquisition.

New assays from RC drilling at Surefire Resources' Victory Bore deposit in WA’s Mid West have delivered extensive vanadium mineralisation the company says could rate it amongst the country’s best. The work follows the discovery of three parallel mineralised lodes including broad intercepts of up to 56m at 0.48 per cent vanadium oxide with Surefire looking to build on the site's already monstrous 151 million tonne resource.

CZR Resources is a step closer to production at its Robe Mesa iron ore project after receiving mining approval from the Department of Mines, Industry Regulation and Safety for two of the site’s key deposits. The approval has been granted for the company’s Robe Mesa and P529 deposits that respectively sit north and south of Rio Tinto’s Mesa F project around 120km from Karratha in the Pilbara region of WA.

ASX-listed Neometals’ joint venture Primobius has expanded a technology and battery recycling JV option agreement with leading steel producer Stelco Holdings to allow it time to buy into its lithium-ion battery special purpose vehicle. The amendment follows a 2021 agreement for the duo to establish a long-term commercial recycling relationship in North America – one of the fastest growing sectors in terms of lithium-ion battery production.

Strickland Metals is pressing ahead with plans to spinoff its base metals assets into a new company to seek better value for the projects whilst focusing on its prospective gold package in central WA. The company has also gained heritage clearance to drill at its Iroquois project, which along with its Bryah Basin assets will be the centerpiece of the new operation.

Lindian Resources has received its first assays from the company’s maiden campaign at its Kangankunde project in Malawi showing continuous rare earths mineralisation from surface across the length of both holes. Assay highlights include a 1m section recording an outstanding 11.8 per cent total rare earth oxide, or “TREO” from 13m with a second 1m section going 11.1 per cent TREO from 12m.

ASX listed Estrella Resources has completed the mining and crushing phase of its nickel sulphide extraction program using ore from its 5A nickel mine near Kambalda in WA. The company plans to treat the high-grade material at Glencore’s Murrin Murrin facility after sealing an offtake and processing agreement late last year.

ASX-listed Okapi Resources has reinforced its uranium footprint in the United States after securing full ownership of 45 new mining claims and one State Mineral lease in Colorado. The acquisition stretches the boundaries of the company’s Maybell uranium project where historical production tipped the scales at 5.3 million pounds of triuranium octoxide running a solid average grade of 1300 parts per million.

Neometals has extended a deal with Scandinavian battery metals firm Critical Metals until the end of February to give the company time to secure an increased vanadium source deal using by-product from Nordic steelmaker SSAB. A joint venture between Neometals and Critical Metals on its proposed vanadium recovery project is also progressing.

Meeka Metals has expanded the mineral resource at its Murchison gold project in outback WA to 1.2m ounces on the back of a 12 per cent increase to its Turnberry deposit in the historic gold-bearing region. The company is putting the finishing touches on a prefeasibility study with an eye to join several players mining in the region.