Public Company News

Melbourne-based Radiopharm Theranostics has reached an agreement with Australia's Nuclear Science and Technology Organisation for the supply of a vital ingredient required for its fight against cancer. The ingredient is a short-lived radioactive isotope called non-carrier-added lutetium-177, or Lu-177, that has promising properties for treating certain cancers. Lu-177 will be used in an upcoming trial of patients with lung cancer.

The next big discovery will be the focus of this week’s RIU Resurgence Conference where a host of ASX-listed companies will promote their activities to an investor audience across a two-day event in Perth. Hosted by Vertical Events, this year’s presentations include a diverse group of ASX-listed companies with a variety of portfolios from emerging battery technologies to the latest in resources exploration around the world including lithium, gold, rare earth elements and more.

Subiaco-based mining software provider K2fly has signed Mineral Resources to a three-year contract worth $1.75 million. The deal will cover Mineral Resources’ iron ore and lithium operations and it comes hard on the heels of K2fly expanding its work with another tier 1 miner, Rio Tinto. The company’s software products aim to support clients’ ESG issues.

American West Metals has unveiled a suite of new targets at its Copper Warrior project in Utah, USA after completing an induced polarisation survey at the site. The company says one of the anomalies tips the scales at 850m x 570m and returned grades as high as 3.3 per cent copper in geochemical sampling.

Further flow rate pump test results from Galan Lithium’s Hombre Muerto West lithium brine project in Argentina are believed to support the company’s ambitions to ramp-up pilot plant production to 4ktpa lithium carbon equivalent. With work progressing at a breakneck pace on multiple fronts, Galan is set to ring in the new year by delivering on its definitive feasibility study by the end of the first quarter.

With a positive mining study Coda Minerals has unveiled a viable pathway to steady-state production of 2.5 million tonnes per annum at the company’s Elizabeth Creek copper project in South Australia. The mining assessment forms part of a broader scoping study and is centred around underground mining of the project’s cornerstone Emmie Bluff copper-cobalt deposit whilst also proposing open pit extraction at satellite deposits to rapidly achieve nameplate production.

Software business K2fly has been contracted by Rio Tinto for another of its mining packages, the resources giant signing on for its Reconciliation Module in a three-year deal worth $360,000. It’s the first sale of the product to any tier 1 miner and the sixth software solution the Subiaco-based company has sold to the global diversified company.

55 RC holes plunged across the northern bank of CZR Resources’ Robe Mesa iron ore project in WA’s Pilbara region have delivered the highest grades of direct shipping ore mineralisation at the operation to-date with an average of 56 per cent iron. The company says the northern extension sits outside of the operation’s current 37.5 million tonne resource and underlines the venture’s development upside.

Askari Metals has kicked off a phase 1 3500m RC drilling campaign at the company’s recently acquired Uis lithium, tantalum and tin project in Namibia, Africa. The initial phase is part of an overall 10,000m campaign designed to test high-grade lithium rock chip results of up to 3.1 per cent lithium oxide. The main target area will be less than 2.5km along strike from an operating battery metals mine.

Geochemical assays have confirmed a significant gold intersection for Toro Energy about 80m north of where the company originally hit massive nickel sulphides at its Dusty project near Wiluna in WA. Diamond drilling struck a 4m intersection at 1.4 grams per tonne gold from 188m including a 2m hit going 2.2 g/t from 188m. The company says the latest result confirms the gold prospectivity of the site.

ASX-listed Venture Minerals has got the drill bit spinning at a new, high-priority rare earth and tin target at its flagship Mount Lindsay project in Tasmania after discovering a 1200m long soil anomaly at the site. The company has coined the prospect “Cruncher” and says it is laden with elevated doses of praseodymium and neodymium, materials critical in the construction of electric vehicles and wind turbines.

Tambourah Metals has identified further potential LCT-type pegmatites after analysing hyperspectral data from the company’s Russian Jack lithium project in WA’s Pilbara region. The analysis has lit up a number of features in similar orientations to known pegmatites at the project. In addition, Tambourah’s newly identified features lie within the Bonney Downs Monzogranite that is part of the Split Rocks Supersuite which is known for hosting pegmatites.