Public Company News

St George Mining shares shot up nearly 40 per cent at one point during intraday trading on news of significant lithium potential at the company’s Mt Alexander project 95km west of Leonora in WA. Initial field mapping and rock chip sampling at the project has confirmed numerous outcropping pegmatite dykes occurring in swarms that extend over 15km within its ground.

TSX-listed Novo Resources is ramping up its exploration blitz across the company’s highly prospective 11,000 square kilometre Pilbara portfolio with a significant focus on gold prospects at its Purdy’s North project. An RC drilling program is currently underway at the Morto Lago copper-gold target in addition to the Milburn nickel-copper-gold prospect at the company’s project near Karratha in Western Australia.

A tough winter drilling campaign in northern Tasmania has borne fruit for ABx Group with assays more than tripling the lateral extent of the high-grade rare earth elements mineralisation at its Deep Leads deposit. The company has now kicked off its maiden resource estimation. The market liked the news with its shares closing 32 per cent higher at the end of trading.

Coda Minerals has launched a 30-hole, 3000m RC drill campaign at its Cameron River copper-gold project near Mt Isa in Queensland’s north. The company will use the probe to test a suite of promising geochemical and induced polarised targets at the site and plans to have the program completed in about 3 weeks.

Ahead of an inaugural drill campaign Askari Metals has extended its copper mineralised footprint and defined extensive gold mineralisation after sifting through soils at the company’s Horry copper and gold project in WA’s Kimberley region. The recent soil sampling work picked up results of up to 655 parts per billion gold and up to 152 parts per million copper.

The Dusty nickel project in WA’s north-eastern Goldfields continues to deliver for Toro Energy after follow-up drilling at its recently discovered Dimma deposit hit massive and semi-massive nickel sulphides. The company says exploration intersected a zone of intermittent nickel-sulphide mineralisation that extends for more than 20m and includes 2.5m of continuous massive nickel sulphide from 314.7m downhole.

Assays from the central ore zone of Podium Minerals’ Parks Reef platinum group metals project continue to deliver high-grade results as the company assesses its mining potential near Meekatharra in WA. Highlights include a 16m intersection at 2.51 grams per tonne 3E PGM from 76m that recorded 1.69 g/t platinum, 0.80 g/t palladium and 0.01 g/t gold.

Infinity Lithium’s plans to develop its 75 per cent owned San José lithium project in Spain appear to be gaining political support after local and regional government representatives have called for a technical presentation of the proposed underground mine and integrated lithium processing plant. The continued revival of the project follows the regional government’s declaration last week that lithium extraction and processing are of regional and general interest.

Venus Metals Corporation has lit up multiple priority targets using remote sensed data at the company’s Mangaroon rare earths project in one of the country’s fastest emerging rare earths districts. The company’s four tenement package on the edge of WA’s Gascoyne region borders significant rare earth ventures held by ASX-listed Hastings Technology Metals, Dreadnought Resources and Lanthanein Resources.

Diamond drilling at Buru Energy and Sipa Resources' jointly held Barbwire Terrace project south-east of Broome in WA has turned up a smorgasbord of high-grade base metal mineralisation. The joint venture says portable XRF readings on samples from one of the two recently plunged holes delivered grades as high as 19.8 per cent lead plus zinc from 413.5 metres.

ASX-listed 88 Energy is locking onto a new exploitation target at its Icewine East oil project on Alaska’s North Slope after examining a batch of newly acquired seismic data. The company is now gearing up to drill test the “Hickory-1” well next year with planning and permission work underway.

Aurumin’s winning run has continued with impressive results from the third hole of an RC drill campaign at its Central Sandstone gold project in WA including a 352.8m intersection at 1.5 g/t gold from 267.2m. The company says mineralisation continued down the hole with another 145.2m section going 0.5 g/t gold from 620m as the explorer aims to further define its resource at the Two Mile Hill deposit 130km west of Leinster.