Public Company News

Tambourah Metals is set to test nickel targets with an airborne survey across its greater Julimar North project after the company identified anomalies at its Bolgart and Tolarno prospects. The survey will also investigate multiple magnetic targets identified at its Wongan Hill South prospect across a strike length of about 80km that stretches from the town of Wongan Hills to south of Goomalling.

ASX-listed Aurumin has embarked on a mapping and soil sampling campaign across the company’s Greater Sandstone gold project in WA’s Mid West region as it looks to generate targets for further exploration work. Aurumin’s program aims to cover the majority of its tenement package and has kicked off at the explorer’s newly acquired ground that was purchased from private outfit Mining Equities for 500,000 Aurumin shares and a one per cent net smelter royalty.

White Cliff Minerals is closing on a maiden 100-hole, 3000m air core campaign at its Hines Hill rare earths project about 200km east of Perth in WA after submitting a program of work to the Department of Mines, Industry Regulation and Safety. The proposal follows the recent acquisition of a land access agreement and a reconnaissance soil sampling program that returned grades as high as 550 parts per million total rare earth oxides.

Results from deep diamond drill holes at Podium Minerals’ Parks Reef project have provided strong evidence that grades and widths of the 15km long reef could continue down to a vertical depth of at least 500m. The company says the latest result provides confidence further drilling of the reef below a vertical depth of 250m may result in additions to the recently released mineral resource estimate of 52.2 million tonnes at 1.64 grams per tonne for three million ounces of 5E PGM.

Askari Metals has received a second tranche of high-grade gold results from a third phase of RC drilling at the company’s Burracoppin gold project in WA’s Wheatbelt region. In June a total of 40 RC holes were drilled for 3639m and now the company has received assays from a further 19 holes with significant results including a 1m hit going 9.54 g/t gold from 31m within a broader 6m strike running 2.37 g/t from 31m.

Horizon Minerals has sold its Kangaroo Hill and Phoenix gold projects to Greenstone Resources as the company focuses on its Boorara, Yarmany, Lakewood, Binduli project areas and underground development plans. The $300,000 deal involved two mining leases and two prospecting licences near Coolgardie in WA’s Goldfields region, with Greenstone paying Horizon $150,000 in cash and $150,000 in shares for the projects.

Aruma Resources has kicked off a second phase drilling campaign of up to 1800m over 12 holes at the company’s Mt Deans lithium and rubidium project 120km south of Kalgoorlie in WA. The drill holes will pierce down to depths as low as 120m in a follow-up program to first phase drilling and recent rock chip sampling that returned high-grade lithium and rubidium results. Aruma anticipates its work to be completed in mid-October with results to be released in due course.

Rio Tinto Exploration, a subsidiary of the mining giant, has exercised its option to farm-in to ASX-listed Twenty Seven Co’s North Rover project with plans to begin a 500-1000m drill program to test for lithium at the site. The two companies entered into an earn-in option agreement in March stating the Rio subsidiary can earn an 80 per cent interest in non-gold minerals at the tenement by spending $5 million on non-gold exploration at the site.

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 47.5 g/t gold from 20m and a broader 6m strike going 4.08 g/t from 48m. The results come from another 32 holes of Classic’s 109-hole infill program designed to provide more accurate data for the company’s resource model as it looks to start producing.

St George Mining has unearthed a raft of nickel sulphide targets at its Mt Alexander project near Leonora including a large electromagnetic conductor that has been identified as a priority drilling prospect. The company is currently conducting fixed loop electromagnetic surveys combined with seismic data to pinpoint a series of anomalies identified earlier last month.

After recent channel sampling efforts, mineral explorer PolarX has uncovered a new extensive gold and silver intercept at surface within a large outcropping vein system at the company’s Humboldt Range gold and silver project in Nevada. Two of the channels combine to form one 69m long mineralised surface interval going 1.1 g/t gold and 7.65 g/t silver.

ASX-listed Radiopharm Theranostics says a new report published by prestigious science journal Nature on the role of cancer catalyst LRRC15 in the growth of tumours could demonstrate the effectiveness of the company’s DUNP19 antibody. LRRC15 is a substance produced by aggressive cancer cells and cells in the surrounding micro-environment, but not healthy normal tissue.