Public Company News

American West Metals has intercepted thick copper sulphides at depth at its Storm Copper project in Nunavut, Canada, with a diamond drill hole intersecting a lengthy 47 metres of visual copper sulphide mineralisation at its high-priority Cyclone Deeps target. The result reaffirms the potential for a large-scale, stacked copper horizon beneath the company's flagship Cyclone deposit, setting the stage for significant resource growth across its massive 2200-square-kilometre tenure.

Chariot Corporation has struck a milestone deal to acquire almost 70 per cent of five high-grade Nigerian lithium projects, featuring mapped spodumene pegmatites and rock chip grades of up to 3.31 per cent lithium oxide. The low-cost, staged earn-in model reflects the company's strategic approach and adds African firepower to a lithium portfolio already spanning the US and Australia.

Novo Resources has delivered a suite of high-grade gold results from its maiden reverse circulation drilling program at its Tibooburra gold project in northwestern New South Wales. The company revealed standout intercepts, including an impressive 12m running 5.9 grams per tonne gold from just 16m in its first hole, followed by a thicker 17m grading 2.4g/t gold from 59m along strike.

Latitude 66 has etched out a promising gold target at its Edjudina project in Western Australia's Goldfields, with an air core drilling program at its Colossus prospect targeting bedrock returning assays of up to 0.45g/t gold. The company says beneath a blanket of transported cover, the underlying geology exhibits the trademarks of Ramelius Resources' nearby 1.1-million-ounce Lake Rebecca gold project.

Beetaloo Energy Australia has completed a historic 67-stage hydraulic stimulation campaign executed by global oilfield services giant Halliburton at its Carpentaria-5H well in the Northern Territory's Beetaloo sub-basin. The campaign was wrapped up in 20 days and covered an extraordinary 2955-metre lateral section, marking what could be a turning point in Australia's quest for reliable and scalable gas supply to the eastern seaboard.

In a transformational move, BMG Resources has executed a memorandum of understanding that clears a path to toll treatment of its Abercromby gold ore at Wiluna Mining Corporation's Matilda plant. The fully operational conventional carbon-in-leach gold ore processing facility is 20km northeast of BMG's project and the company says the mill is well-suited to process its Abercromby ore.

This week's Bulls N' Bears ASX Runners of the Week is… Santa Fe Minerals, after the company scooped up a gold exploration play in a red-hot West African jurisdiction. Long-suffering Energy World shot up after it wiped more than a half a billion dollars in debt off its books, Next Science sayonara'd a chunk of its med-tech assets for $76 million and Loyal Metals picked up an super-high-grade historic copper-gold asset in central Queensland.

BMG Resources has kicked off a 30-hole reverse circulation drilling program for a planned 3000 metres at its Bullabulling North gold project near Coolgardie. The program will follow-up high-grade gold results from earlier scout drilling, which include 2m assaying an impressive 18.1g/t gold from 34m, 12m at 2.3g/t gold from 53m and 4m going 10.12g/t gold from 32m. Credit: File

Thunderbird Resources is zeroing in on high-grade gold mineralisation at its Kookabookra gold project near Armidale in New South Wales, with rock chip assays returning up to a spectacular 153.5 grams per tonne gold at the company's Mt Secret prospect. Continued surveys will direct a maiden drilling program at Thunderbird's recently acquired projects, planned for later this quarter.

St George Mining has launched advanced geophysics surveys at its Araxá niobium-rare earths project in Brazil's mining heartland of Minas Gerais. The company is flying its high-tech surveys in a quest to expand its project to become a globally significant niobium resource base. Meanwhile, the company is winding up a 10,000-metre drilling blitz at the relatively untested project.

88 Energy has secured a 12-month extension for the company's onshore Owambo Basin petroleum exploration licence in Namibia that will extend its first renewal exploration period until October 2026. The company has introduced a new stage 1 works program targeting pre-drill de-risking. The program includes an airborne gravity and magnetic survey to run later this year.

In a Red Letter Day, Meeka Metals yesterday poured the first gold from the company's Murchison gold project on schedule, within 12 months of breaking ground at its new Murchison Goldfield venture. With plant commissioning completed, management reports that production is ramping up smoothly. Meeka plans to process about 80,000 ounces of gold per year.