Public Company News

Kalgoorlie Gold Mining is about to put the pedal down on exploration at its Pinjin gold project in Western Australia's Laverton Tectonic Zone, locking in multiple drilling programs set to begin in mid-April. The campaign will chase extensions at its existing deposits, test deeper gold below known mineralisation and probe a suite of fresh structural targets across one of the Goldfields' most productive geological corridors.

St George Mining has bolstered its Brazilian leadership ranks with the appointment of a highly experienced local geologist as it pushes ahead with development studies at its rapidly emerging Araxá rare earths and niobium project. The strategic hire comes hot on the heels of a major resource upgrade and signals the company is shifting its focus from exploration success towards mine planning and development.

Horizon Minerals has pocketed another $10 million from its Phillips Find joint venture after completing mining and five toll-treatment campaigns. The project has processed 225,988 tonnes at 2.02g/t gold for 14,095 ounces of gold from five toll treatment campaigns, with more cash expected next month after final reconciliation. Horizon says the funds have strengthened its balance sheet as the company progresses its Black Swan processing hub plan.

Neometals Limited has upgraded the Ironclad gold resource at its Barrambie gold project in Western Australia's Mid West from 13,000 ounces to 285,000 tonnes at 1.6g/t gold for 15,000 ounces, with 86 per cent of the gold now in the higher-confidence indicated resource category. The update will bolster completion of Neometals' planned scoping study targeted for this month and support mine planning and approvals.

Chariot Resources soared more than 50% after the government approved the transfer of six licences into a joint venture with local partners, clearing a key regulatory hurdle for its Nigerian lithium portfolio. The approvals cover four exploration licences and two small-scale mining leases previously held by Continental Lithium, which will now be incorporated into a new company called C&C Minerals.

St George Mining has clinched a spot in the ASX All Ordinaries after a meteoric rise driven by its world-class Araxá rare earths and niobium project in Brazil, with its market value rocketing to $500m. The company says index inclusion should lift its profile and potentially improve liquidity, as it nears development in Minas Gerais.

Xpedra Resources has kicked off reverse circulation drilling along a neglected and poorly tested 1700-metre-long high-grade gold intrusion at its Springfield prospect, near Gulgong in central New South Wales. Extensional and deep drilling will assess thick, shallow, high-grade gold intercepts that remain open in all directions and have not been worked on since 1999.

Dalaroo Metals has landed significant grades from scout rock-chip sampling at its Bondoukou project in West Africa. Four of six quartz samples returned grades between 3.59 and 17.95g/t gold from quartz reef material exposed in artisanal workings extending about 600 metres along strike. The company is continuing its evaluation of the project, with mapping and geochemical sampling underway.

Horizon Minerals has moved Black Swan firmly into build mode after ordering long lead processing equipment to support its gold plant conversion near Kalgoorlie. The early commitment aims to de-risk the construction schedule and follows scoping studies that outlined a robust 2.2 million tonnes-per-annum gold-processing hub capable of producing 102,000 ounces per year.

The Bulls N' Bears ASX Runner of the Week is… OD6 Metals, after the critical minerals outfit bagged the high-grade Quinn fluorspar project in Nevada to help tackle America's 100% reliance on imported fluorine. Regener8 Resources surged on the back of a savvy deal for a silver-lead-zinc project in Europe's world-class Tethyan Metallogenic Belt and BluGlass Ltd rode an 80 per cent “no-news” run on gallium nitride laser momentum and a looming price-sensitive customer order. Lindian Resources snagged a ready-built A$500 million cracking plant in Kazakhstan for a bargain-basement A$21 million, fast-tracking its Kangankunde rare earths play into an integrated non-Chinese producer.

Aurum Resources has returned thick, shallow, high-grade gold intercepts from a 30,000-metre step-back diamond drilling program at its 870,000-ounce Napié gold project in West Africa, ahead of a mineral resource update due this quarter. Best gold hits included 19m at 5.16g/t from 146m at Gogbala and 18.9m at 2.59g/t from 176.1m at Tchaga, supporting ongoing resource growth drilling.

Patriot Resources has delivered encouraging metallurgical results from its Tassa silver project in southern Peru, with test work pointing to strong silver recoveries up to 85.05 per cent and straightforward processing potential. The company has engaged independent specialists to review the results as it works to further de-risk the project and advance the project's development potential.