Public Company News

Amid a surge of investor interest in its flagship Malawi rare earths project, Lindian Resources is advancing its financing options with a new hire to work on an existing deal and recommend further solutions. Experienced finance advisor Henk Ludik will progress a non-binding agreement Lindian has in place with US-based Gerald Group, and identify, review and recommend more funding solutions.

Carnaby Resources hit shallow, high-grade copper of up to 4.9pc and gold grading as high as 2.8g/t from just 22m depth at its Burke and Wills prospect, part of the Greater Duchess JV with ASX-listed Latitude 66 in Queensland. All 10 drill holes intersected mineralisation, helping to define deposit geometry and test extensions. Latitude holds a 17.5pc free-carried interest in the project.

St George Mining has secured $8 million in backing from leading global mining engineering firm Shandong Xinhai Mining to fast-track the development at its high-grade Araxá niobium-rare earths project in Brazil. The company has formed a major strategic partnership with the engineering and construction services giant through an agreement that includes an engineering, procurement and construction contract over Araxá.

Lithium Universe has partnered with a research-focussed Canadian engineering school, Polytechnique Montreal, to drive innovation in lithium processing in the country and increase local expertise in battery metals to improve its supply chain. The initial five-year deal, outlined in a memorandum of understanding, will focus on three key areas: industry education, curriculum development and R&D collaboration.

Horizon Minerals has launched its second gold mine, kicking off ore processing at its Phillips Find project, 45km northwest of Coolgardie in WA. Mining at the Newminster and Newhaven pits is well underway, with more than 800,000 cubic metres of material now shifted to the ROM pad. The first 40,000t have been trucked to FMR Investments' Greenfields mill, where processing will begin next week on a two-week turnaround.

Estrella Resources has received some stunning assay results from rock chip sampling from two in-situ supergene manganese discoveries at its Lautém project in Timor-Leste, with grades up to a striking 58.6 per cent manganese. Bulk determinations for detrital material accumulated on valley floors average a whopping 40.1pc manganese.

Askari Metals has pumped up its gold resource by 28pc to 82,700 ounces grading 1.2g/t at its Burracoppin project in the WA Wheatbelt, winning over market punters who pushed up the price earlier today by more than 100pc. Due to a booming gold price, the company says it has fielded significant enquiries for the project, which sits 20km east of Merredin.

Uranium American Resources is making a strategic pivot from its gold-silver focus in the US State of Nevada under its old Tonogold Resources shingle, with a rebrand reflecting the company’s greener uranium and vanadium focus. The company last year acquired three low-risk west-central US projects known for their historic uranium and vanadium production, which are also close to relevant mines and processing plants.

Red Metal’s latest infill drilling program has unearthed thick intersections of valuable magnet rare earths at the Kary zone within the company’s Sybella project, 20km from the Queensland mining town of Mount Isa. Multiple long intervals up to 162m thick containing the four magnet metals were encountered from surface or shallow depths from the infill drilling, with many holes ending in mineralisation.

Lithium Universe has inked a non-binding memorandum of understanding to exclusively supply a key cement additive to Canada’s biggest cement manufacturer, Lafarge Canada. Aluminosilicate is made up of silica, aluminium oxide and ferric oxide and will be a secondary byproduct from the lithium carbonate production circuit at Lithium Universe’s planned Bécancour refinery in Quebec.

This edition of Bulls N’ Bears Big Hits examines some notable drill intercepts revealed on the ASX, including Tanami Gold’s Central Tanami project in the Northern Territory, which intersected 3.80m at 268.34g/t gold from 317m. James Bay Minerals’ Independence gold project in Nevada, Lode Resources’ Montezuma antimony project in Tasmania and Titan Minerals’ Dynasty gold-silver project in Ecuador also reported interesting drill hits.

Javelin Minerals has struck high-grade gold and copper in a maiden drilling program at its Coogee project in Western Australia’s Eastern Goldfields, 20km northeast of Kambalda, hitting grades of up to 65 grams per tonne gold and 8.5 per cent copper. The 2921m drilling program has extended the strike beyond one kilometre, expanding the resource northward and at depth.