Public Company News

Triangle Energy’s Cliff Head JV with Pilot Energy could soon pocket about $6.8 million after unloading and subsequently selling off close to 51,000 barrels of oil via a new shipping route through Thailand. The Perth-based oil and gas player could earn about $5.4 million from its share in the project with the company’s joint venture partner taking home an estimated $1.4 million for its part of the deal. Another shipment is scheduled for later in the year.

Askari Metals has acquired another lithium project in WA’s highly prospective Pilbara region from private outfit Mining Equities for a total of $125,000 in cash and shares, bolstering its already brimming battery metals portfolio. In a busy period of activity, the explorer is also reviewing its Red Peak lithium project for rare earth elements potential and has wrapped up its maiden drilling campaign at the company’s Horry copper and gold project.

Newly listed explorer Octava Minerals has shot out of the blocks and commenced a battery metals hunt at its Talga lithium project in the Pilbara region of WA - just weeks after listing on the local bourse. The company will use the campaign to seek out lithium-bearing pegmatites with a ground-based exploration program, including mapping and sampling within earshot of Global Lithium’s 10.5 million tonne Archer deposit.

Infinity Lithium’s plans to develop its 75 per cent owned San José lithium project in Spain appear to be rolling forward after the company submitted an ‘Initial Document’ to effectively expedite the project’s next stages. Shortly after submitting the document, the Regional Government ratified a recent lithium-focused law that declared lithium extraction and processing are of regional and general interest.

Meeka Metals’ pending declaration of a maiden resource at its St Anne’s discovery in the Murchison region of WA has received a serious shot in the arm after RC drilling churned out visible gold in chips acquired beneath a parcel of high-grade mineralisation. The company aims to deliver the estimate at the site in December ahead of a project wide pre-feasibility study next year.

Soil and laterite sampling at Venus Metals’ Marvel Loch East project have returned “exceptional” results including one sample showing a remarkable 6092 parts-per-million total rare earth oxides. The Marvel Loch East rare earths project is located near Southern Cross in the Goldfields region of WA and comprises one granted exploration licence and an additional four applications for a total tenement area of 828 square kilometres.

ASX-listed mining software provider K2fly has strengthened its ties with Imerys Group after inking a three year contract for use of its Land Access solution. The three year deal has a total contract value of $860,000 and an annual recurring revenue of $123,000 in exchange for a system that manages land access, studies, approvals, stakeholder engagement, operations and land use.

Triangle Energy has completed the acquisition of two highly prospective oil and gas permits in WA’s Perth Basin from ASX-listed explorer Key Petroleum. The company previously held a major stake in both assets and mopped up the balance in exchange for $600,000 in cash and $500,000 in shares to be issued on or before June 30, 2023.

Initial assays from extensional RC drilling at CZR Resources’ Robe Mesa iron ore project in WA’s Pilbara region have confirmed significant direct shipping ore mineralisation beneath the asset’s pre-feasibility study pit. The company says the material’s average grades of about 55.6 per cent iron align with its targeted production figures and reinforce its strategic plan to lift production and mine life once in operation.

After a pilot test run to assess the suitability of its plant to process ore from the company’s premier Kat Gap deposit, Classic Minerals’ Gekko processing plant has outperformed its expectations. The low-cost modular plant delivered more than 95 per cent of the liberated gold through a simple gravity process. After receiving approval for a tailings storage facility the company will now move to assemble its plant before commencing the processing of ore and finally the production of long awaited gold.

Gold producer Calidus Resources has unveiled its maiden reserve for its Blue Spec deposit in the East Pilbara and slated a final investment decision for its sulphide plant to process the gold for mid-2023. Blue Spec’s maiden reserve has been determined at 83,000 ounces at 11.2 grams per tonne gold, taking the company’s total resources to 600,000 ounces of gold.

Si6 Metals has intersected wide zones of gold mineralisation at the company’s Monument gold project in WA after a second phase air core drilling program. The broadly spaced 130-hole program encountered numerous intercepts that show significant potential remains across the broader project area. The drilling campaign was rolled out across five of the project’s prospect areas.