Public Company News

With a positive mining study Coda Minerals has unveiled a viable pathway to steady-state production of 2.5 million tonnes per annum at the company’s Elizabeth Creek copper project in South Australia. The mining assessment forms part of a broader scoping study and is centred around underground mining of the project’s cornerstone Emmie Bluff copper-cobalt deposit whilst also proposing open pit extraction at satellite deposits to rapidly achieve nameplate production.

Software business K2fly has been contracted by Rio Tinto for another of its mining packages, the resources giant signing on for its Reconciliation Module in a three-year deal worth $360,000. It’s the first sale of the product to any tier 1 miner and the sixth software solution the Subiaco-based company has sold to the global diversified company.

55 RC holes plunged across the northern bank of CZR Resources’ Robe Mesa iron ore project in WA’s Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation’s current 37.5 million tonne resource and underlines the venture’s development upside.

Askari Metals has kicked off a phase 1 3500m RC drilling campaign at the company’s recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. The initial phase is part of an overall 10,000m campaign designed to test high-grade lithium rock chip results of up to 3.1 per cent lithium oxide. The main target area will be less than 2.5km along strike from an operating battery metals mine.

Geochemical assays have confirmed a significant gold intersection for Toro Energy about 80m north of where the company originally hit massive nickel sulphides at its Dusty project near Wiluna in WA. Diamond drilling struck a 4m intersection at 1.4 grams per tonne gold from 188m including a 2m hit going 2.2 g/t from 188m. The company says the latest result confirms the gold prospectivity of the site.

ASX-listed Venture Minerals has got the drill bit spinning at a new, high-priority rare earth and tin target at its flagship Mount Lindsay project in Tasmania after discovering a 1200m long soil anomaly at the site. The company has coined the prospect “Cruncher” and says it is laden with elevated doses of praseodymium and neodymium, materials critical in the construction of electric vehicles and wind turbines.

Tambourah Metals has identified further potential LCT-type pegmatites after analysing hyperspectral data from the company’s Russian Jack lithium project in WA’s Pilbara region. The analysis has lit up a number of features in similar orientations to known pegmatites at the project. In addition, Tambourah’s newly identified features lie within the Bonney Downs Monzogranite that is part of the Split Rocks Supersuite which is known for hosting pegmatites.

ASX-listed cell therapy innovator Chimeric Therapeutics has secured an exclusive global licence from a leading American research university for a promising cancer-fighting treatment. The treatment centres on “natural killer” cells that occur organically in the human body and can recognise and kill cancer cells. Chimeric says the treatment continues to show promise after a clinical phase 1 trial earlier this year.

Buru Energy is looking to end the year on a high following a flurry of activity across its WA-based oil and gas portfolio over the past few months including a successful November crude oil lift of 73,000 barrels which added $3.8 million to its bottom line. The deal marks the company’s third and final delivery for the year for a total exported volume of roughly 220,000 barrels.

After a round of infill drilling Blackstone Minerals has confirmed high grades of up to 4.3 per cent nickel, 4.73 per cent copper and 18.2 grams per tonne platinum group elements at the company’s Ta Khoa nickel project in Vietnam. The assays come from the company’s recently completed campaign of resource definition drilling at the project’s King Snake massive sulphide vein deposit.

ASX-listed Terrain Minerals is set for an exploration blitz across its wholly owned Lort River project near Esperance where the company is chasing clay-hosted rare earth elements. The company has engaged Cube Consulting to assist with a strategic exploration plan as Terrain looks to define a maiden resource at the site as soon as possible.

Estrella Resources has signed an offtake and ore processing agreement with Glencore subsidiary Murrin Murrin Operations for 2000 to 4000 tonnes of bulk metallurgical sample from its 5A nickel mine near Kambalda. The company says a positive process outcome from the bulk metallurgical sample will give Estrella a strong base from which to fully develop the 5A nickel mine using simple pit cutback methods.