Bulls N' Bears (Commercial Content)

ASX-listed gold producer Horizon Minerals has recorded a raft of encouraging intersections from an RC drilling campaign at its Honeyeater prospect, part of its Binduli gold project area about 5km west of Kalgoorlie-Boulder in WA’s Goldfields. The highlight was 1m at 68.04 grams per tonne gold from 74m, inside a larger 2m section going 34.85 g/t gold from the same depth.

Estrella Resources has been buoyed by more positive assay results and the bonus of additional key infrastructure as the company moves towards production at its Spargoville nickel project near Kambalda in WA’s Goldfields. Latest results from resource drilling below the Spargoville 5A deposit include a 6.8m hit going 4.4 per cent nickel from 66.2m including 1.76m at 10.21 per cent.

American West Metals’ share price jumped 40 per cent in opening trades after news the explorer had made a major new copper discovery at its Storm project on Somerset Island in Nunavut in Canada. The company says recent drilling intersected more than 68m of stratiform copper sulphide mineralisation that is indicative of a major system at depth.

Multi-element explorer St George Mining has wrapped up its maiden drill campaign after completing its three final drill holes at the company’s Paterson copper-gold project in WA’s Pilbara region. St George will now shift focus to its Mt Alexander nickel and copper project west of Leonora as it looks to drill a set of nickel, copper and PGE targets and collect rock chip samples from a pegmatite outcrop.

Mining software provider K2fly will launch a new technology platform later this year, capitalising on its experience gleaned from working with tier 1 and 2 miners in the increasingly critical environmental, social and governance sector. The company also unveiled collaboration to leverage its technology with Maptek, an organisation recognised as one of the world’s biggest private mining software companies with clients in 95 countries.

Empire Energy’s extended production testing of its Carpentaria-2H well in the Northern Territory’s Beetaloo sub-basin continues to deliver strong gas flow with minimal decline. The ASX-listed oil and gas explorer and producer says the well is currently punching out a 13-day average of 2.6 million standard cubic feet of gas per day.

Xanadu Mines has received Australian Foreign Investment Review Board approval for Chinese mining giant Zijin to acquire shares in the company to develop its Kharmagtai copper-gold project in Mongolia. It is the first of three approvals required for Zijin to continue its three-phase investment in Xanadu that was announced in April. The project has a mineral resource estimate of 1.1b tonnes for three million tonnes of contained copper and eight million ounces of gold.

Mineral explorer Metal Hawk has commenced a 3000m RC drill campaign aimed at nickel sulphide targets at the company’s Berehaven nickel-gold project near Kalgoorlie in WA. The program is designed to test multiple zones with nickel sulphide potential across the project area including four new electromagnetic conductors within 5km of last year’s notable Commodore nickel discovery.

Pental, the ASX-listed supplier of well-known household cleaning products and chemicals, has delivered a strong set of figures for 2021-22 financial year, thanks in no small way to its acquisition last August of Hampers With Bite. Pental achieved underlying earnings before interest and tax, of $10.8 million — up 32.3 per cent. HWB’s earning rose almost 60 per cent.

The share price of mineral explorer Conico spiked 31 per cent during intraday trading this afternoon on the back of news of a 65m intercept of disseminated sulphides at its Mt Thirsty joint venture just 400m south of ASX-listed Galileo Mining’s recent Callisto discovery near Norseman in WA. With the assays expected within six weeks, there is a sense Conico and JV partner Greenstone Resources could have bagged an attractive extension.

Coda Minerals says stage 1 drilling at its Emmie iron oxide-copper-gold deposit in South Australia has enhanced geological understanding of the site and highlighted strong targets for further exploration. The company recently received the finals assays from the successful 23,000m drill campaign that identified three major conduits at the site including two geochemically and geologically distinct bornite zones.

Aiming to kick its vanadium resource into production, Surefire Resources has completed a bout of infill RC and diamond drilling at the company’s 100 per cent owned Victory Bore vanadium deposit in WA’s Mid West region 50km south of Sandstone. The drilling program comprised 62 RC holes for 5188m and two diamond drill holes for 292m.

Godolphin Resources has completed four large diameter diamond drill holes for 285.6m as it hunts rare earths and rare metals at its Narraburra project in NSW. Whilst all samples are bound for the lab, portable XRF testing indicated mineralisation in all cores. The company says the maiden test of the underlying bedrock and preliminary results are very encouraging.

The hits keep coming for Podium Minerals as the company continues its 100 per cent strike rate from a drilling campaign aimed at extending mineralisation at its Parks Reef platinum group metals project in WA. The company recently added rhodium and iridium to its mineral resource estimate at Parks Reef and is busy creating what it says is Australia’s first defined 5E PGM resource.

DiscovEx Resources and Carnaby Resources have turned up a trio of new exploration targets at their Greater Duchess copper-gold project near Mt Isa in Queensland. First phase RC drilling at the duo’s Mount Hope prospect visually defined a 75m copper sulphide vein whilst geophysical programs at its nearby Lady Fanny North and Lady Don prospects turned up a pair of compelling induced polarised anomalies.

Classic Minerals has delivered more high-grade gold intercepts from infill RC drilling at the company’s flagship Kat Gap gold project, 170km south of Southern Cross in WA. Significant results include a 1m hit going 40.1 g/t gold from 33m within a 2m intercept at 21.07 g/t also from 33m. The results come from another 14 holes that have been completed from Classic’s 109-hole infill program.

ASX-listed Si6 Metals is one step closer to exploration at its Maibele joint venture project in Botswana after receiving consent from the liquidators for partner BCL. The company says it can now finalise exploration discussions with the relevant governing bodies including the mining and environmental departments that were awaiting liquidator approvals.

There’s a quiet rumbling at Talisman Mining that the next major copper-gold discovery in NSW may not be far away. A recently refocused exploration drive initiated by the ASX-listed explorer has unveiled more than a dozen targets hidden under cover at the company’s wholly owned Lachlan copper-gold project.

Ahead of a first phase of RC drilling, mineral explorer Aruma Resources has completed a heritage survey at the company’s Melrose gold project in WA’s Pilbara region. The survey kicks off its initial exploration campaign at the project’s Gossan Hill prospect, 5km north of the revered Paulsens gold mine near Pannawonica. The explorer plans to drill up to 50 of the permitted 200 RC holes in its maiden program, with drilling expected to reach depths of about 100m.

Battery metals and gold explorer Askari Metals has revealed a 600m strike extension of potential gold mineralisation with an auger drilling campaign at the company’s Burracoppin gold project in WA’s Wheatbelt region. Results running up to 619 parts per billion gold were returned with the surficial drilling work in addition to successfully mapping gold mineralisation at Burracoppin along a strike length of more than 4km.

Triangle Energy has notched up a second milestone for its Cliff Head joint venture in as many months, sending another oil shipment from the joint venture’s Arrowsmith stabilisation plant onto a chartered tanker at the Port of Geraldton. The 26,500 barrels joined oil from its maiden lift with the 51,000 barrels now en route to a refinery in Thailand. Triangle holds an almost 79 per cent interest in the partnership with Pilot Energy holding the remainder.

Legend Mining will conduct a new 3D seismic survey at its Octagonal prospect in WA’s Fraser Range following the success of a similar survey at the company’s Mawson nickel, copper and cobalt discovery. The new 3D seismic survey will cover 24.5 square kilometres of Octagonal that forms part of the company’s flagship Rockford project.

Horizon Minerals has scored a swag of encouraging drill hits after a phase 1 RC drilling campaign at its Monument gold prospect, part of the developer’s larger Boorara-Cannon project near Kalgoorlie in WA. Results from its 14-hole, 2156m program include 1m at 16.13 grams per tonne gold from 99m inside a larger 5m parcel running 4.09 g/t gold from 99m.

Metal Hawk will drill test a strong downhole electromagnetic conductor that may be harbouring disseminated nickel sulphide mineralisation at its Torana prospect. The target is a mere 200m from a recently plunged hole that returned 10m at 0.55 per cent nickel from 130m and is part of the company’s larger Berehaven project near Kalgoorlie in WA.

Lindian Resources is one step closer to securing the Kangankunde rare earths project in Malawi after making its first tranche payment to acquire current site owner Rift Valley Resource Developments. Whilst the deal is subject to shareholder approval, the US$2.5 million transaction is the first of four payments totalling US$30m with the remaining US$27.5 million across three installments within 48 months from the start of this month.

A five-hole diamond drilling program to test an inflexion zone beneath historical gold mine workings has begun at the Calarie gold project, a joint venture in NSW between Godolphin Resources and Orange Minerals. The phase 2 program, with a minimum of 1000m of drilling, is the follow-up to what Orange describes as “outstanding” results from phase 1 of the campaign conducted late last year.

Javelin Minerals has released an updated mineral resource estimate at its Coogee gold project near Kalgoorlie showing a massive 1400 per cent increase in tonnage and a 350 per cent rise in contained metal. The new gold mineral resource estimate at the project is now 1.42 million tonnes at 1.07 grams per tonne gold for a total of 49,000 ounces.

Calidus Resources plans to plough up to $20 million into a pair of WA precious and battery metals projects after a successful capital raise. The company says the proceeds will fund an accelerated drill campaign at its Pilbara JV with Pirra Lithium and feed a production ramp-up at its Warrawoona gold project near Port Hedland.

Mineral explorer Aurumin has recorded consecutive wide intercepts at its Two Mile Hill deposit from an RC and diamond drilling campaign at the company’s Central Sandstone gold project 130km west of Leinster in WA’s Goldfields. The second hole assayed at the deposit recorded an impressive 224m intersection going 1.5 grams per tonne gold from 229.6m. The first hole drilled at the site recorded a broad 344m hit going 1.29 g/t gold.

Battery and gold-focused explorer Askari Metals has underlined 11 compelling target zones at its Yarrie lithium project, about 50km north-east of Marble Bar in WA, after completing phase 1 of its exploration program. The company drew up the list after analysing 129 rock and 238 rock stream samples bagged in May.

A successful field program at its Surprise Creek project in Canada has uncovered significant new uranium and copper mineralisation for Valor Resources in addition to confirming targets from historical results. Based on the quality of the findings from the field program, the company has increased its land holdings by pegging another 7 square kilometres to the north of the project.

Empire Energy’s ongoing testing at its Carpentaria-2H gas well in the Northern Territory has delivered strong initial flow rates. It has recorded a sustained output of 2.6 million standard cubic feet over the program’s first 91 hours – a potential milestone in the revered Beetaloo sub-basin.