Public Company News

Kairos Minerals has hit pegmatites in the first hole drilled at its Lucky Sump prospect where the company is hunting lithium with a 16-hole RC campaign near its Mt York gold project in the Pilbara region of WA. The initial hole intercepted a 5m pegmatite hit whilst an additional two holes also recorded pegmatite intervals between 2m and 3m.

Cyclone Metals is poised to drill into its Nickol River project in WA after pulling some exquisite gold nuggets from test pits it says confirms the presence of a gold-bearing quartz reef system at the site. The work extends a solid run of form that has seen the explorer unearth specimens grading up to 712 grams per sample setting the stage for a highly anticipated drill program.

Surefire Resources has completed a little over 5km of infill drilling at its Victory Bore project with all the early signs suggesting the company could be set to add to what is already a monster vanadium resource in WA’s Mid West region. The RC infill drilling covering 1.4km of strike was designed to upgrade confidence in the resource and provide samples for metallurgical test work to feed into the company’s ongoing pre-feasibility study.

Mineral developer Adriatic Metals is ramping up construction at its Vares high-grade silver project in Bosnia and Herzegovina as it moves towards opening its namesake underground mine and processing plant next year. The company says the project is now 45 per cent complete and has used the European summer to accelerate the development of the site’s surface infrastructure, process plant and haul road.

ASX-listed Emu NL is expanding its search for rare earths with exploration applications for projects in WA at Condingup and another near Merredin to add to its recent Georgetown project pick up in Queensland. A single Geoscience WA sample from one of the two tenements at Condingup, near Esperance, returned elevated levels of total rare earth oxides of 1047 parts-per-million whilst two GSWA samples from Merredin showed rare earth element levels of 1381 ppm and total rare earth oxides of 1000 ppm.

Recent RC drilling by Brightstar Resources at the company’s Cork Tree Well gold project 30km north of Laverton in WA has delivered high-grade extensions along strike from the project’s existing 252,000-ounce gold resource. Among an array of significant strikes a single hole returned standout intercepts of 5m going 9.46 g/t from 103m and 4m running 2.56 g/t from 168m.

Mineral explorer Valor Resources has appointed highly experienced exploration executive Robin Wilson to the role of Technical Director as it looks to beef up the company’s core skills. Wilson brings over 30 years of global exploration experience in many critical mineral commodities with a particular focus on uranium.

WA oil producer Triangle Energy has formalised a deal to reduce its stake in the Cliff Head Joint Venture partnership shared with ASX-listed Pilot Energy. The company currently owns 80 per cent of the project but has agreed to sell off half its rights for $1 million – a sum projected to hit its coffers by the second quarter of next year, pending a government review of the duo’s proposed carbon capture and sequestration plan for the site.

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.