Public Company News

Askari Metals has kicked off a fresh RC drilling program at its Uis lithium project in Namibia. More than 40 drill holes as part of 3,000m campaign aim to confirm high grade rock chip samples and new targets. The company says the project sits within a highly mineralised, spodumene rich pegmatite belt with a history production. Six drill holes have already been completed.

BMG Resources has bagged a patch of prime Eastern Goldfields real estate near Coolgardie in Western Australia that houses a 4km corridor of lithium-rich pegmatites along with a clutch of high-priority gold prospects. Historic rock chip sampling has kicked up multiple anomalous lithium values, peaking at 1.9 per cent lithium oxide. The tenure is located a stone’s throw from the multi-million-ounce Bullabulling gold mine.

White Cliff Minerals has returned its highest-grade rare earths results so far at its Yinnetharra project with a headline reading of 3912 parts per million total rare earth oxides. The company also believes that lithium results up to 400 parts per million in the northwest of the project indicate that it is getting closer to lithium bearing pegmatites as it continues to pore over its patch in the Gascoyne region of WA.

Venture Minerals is lining up its drill rig on a compelling three-kilometre-long electromagnetic conductor at the company’s flagship Mount Lindsay project in Tasmania. A strong nickel-in-soil anomaly has been etched out over the conductor coinciding with a sequence of prospective ultramafic rocks. The company believes the conductor could outline buried nickel sulphide mineralisation. The project already boasts one of the world’s largest undeveloped tin-tungsten deposits.

Coda Minerals has completed four Ambient Noise Tomography surveys across key prospects at its Elizabeth Creek copper project in South Australia with early results highlighting new areas of interest. The surveys are designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of iron-oxide copper gold mineralisation close to the company’s Emmie deposits.

Aruma Resources is set to up the ante in its pursuit of rare earths at its Saltwater project in the Pilbara in Western Australia. The company holds 80km of strike and has tabled previous assays of up to 11 per cent rare earths. Aruma plans to use surface mapping and sampling before geophysical surveys to better define drill targets for unconformity hosted heavy rare earths similar to those in the Athabasca Basin in Canada and the Tanami based Browns Range project.

Classic Minerals has made significant progress on the construction of its Kat Gap gold processing plant with both internal and external concrete foundations completed. The company says the external foundations will support the beneficiation plant whilst the internal concrete slab will be used to support the gold room.

ASX-listed biotech Chimeric Therapeutics, a clinical stage cell-therapy company has pocketed a research and development tax refund worth more than $3 million. The company says the refund is in recognition of its activities during the 2022 financial year and the rebate will provide important funding for continued development of its portfolio of cell therapies that tackle cancer.

Valor Resources has racked up an enviable list of high-priority polymetallic prospects at its Picha and Charaque projects in Peru. The company has been toiling away in the rich Peruvian mountains proving up a clutch of new targets as it prepares to wheel the drill rig in for a maiden diamond drilling program across its prospective acreage.

Godolphin Resources has sent 31 diamond drilling core samples from its latest program at the company’s Narraburra project to Australia’s leading authority on mineral and metallurgical testing. The samples form part of Narraburra’s updated mineral resource estimate to JORC 2012 standards which is expected in March. The test work will provide a better understanding of the NSW project’s rare earth elements and rare metals composition.

ASX-listed Valor Resources has finalised a review of historical exploration results on its three recently staked mineral claims immediately west of its Canadian Surprise Creek uranium project and has delineated three new significant copper targets. The company says the area has had surprisingly minimal modern exploration in the last 40 years. The company’s new mineral claims cover an area of 44 square kilometres and were acquired in November 2022.

Infinity Mining has bagged a five-year extension for its Tambourah South tenement in the Pilbara where previous rock chip sampling has latched on to a pegmatite swarm grading up to 2.65 per cent lithium oxide. The project sits in the evolving Pilbara pegmatite province home to Pilbara Minerals’ 305 million tonne Pilgangoora lithium project averaging 1.1 per cent lithium oxide.