Public Company News

Recent drilling in a gold search by Venture Minerals at its Kulin project in Western Australia has uncovered an intriguing complement of nickel- copper sulphides. The identification from diamond drill core of the ore sulphide mineralogy confirms the fertility of a duo of 20km-long interpreted layered mafic-ultramafic intrusive suites over the company’s tenure that sits along strike of Chalice Mining’s mammoth Julimar nickel-copper-PGE discovery.

The dust clouds from a maiden drill campaign are billowing in Western Australia’s Kimberley with Askari Metals kicking off a 2500m RC program at its Horry copper-gold project. The program is targeting the site’s Horry Horse copper prospect that was identified as a high-priority target after rock chip samples returned results up to 8.5 per cent copper, 0.71 grams per tonne gold and 42 g/t silver.

ASX-listed energy technology company Altech Chemicals is weeks away from getting construction underway at its game-changing battery-boosting production facility in the German state of Saxony after ramping up building activity at the site. A previously completed preliminary feasibility study suggests the plant could deliver a net present value of US$507 million.

Classic Minerals has been given the green light to begin production at its Kat Gap gold mine near Southern Cross after officially receiving WA Department of Mines, Industry Regulation and Safety approval. The Kat Gap deposit hosts almost 93,000 ounces of an inferred mineral resource at 2.96 grams per tonne gold and is the principal contributor to the company’s total gold inventory of more than 400,000 ounces.

Gold and nickel explorer Metal Hawk says RC drilling at its Berehaven project, about 25km south-east of Kalgoorlie, has extended the Torana prospect’s target zone after hitting new zones of disseminated nickel sulphides. The open strike length of the targeted ultramafic unit now extends to almost 1km and downhole electromagnetic surveys are underway to refine targets for more drilling.

Empire Energy has notched up another milestone in the Beetaloo sub-basin with ongoing production testing of its Carpentaria-2H well in the Northern Territory delivering a 30-day average of 2.4 million standard cubic feet of gas per day. The company says its new data suggests the well’s gas is endowed with a low impurity composition that could support low carbon development opportunities.

Mineral explorer Aurumin’s winning run continues from diamond drilling at its Central Sandstone project 130km west of Leinster in WA as the company aims to extend the mineral resource at the site. The final assay from the program returned a 242.7m intersection going 1.2 grams per tonne gold from 203.1m including an 8.3m at 4.82 g/t gold from 214.2m. The campaign sought to test the northern section of the project’s Two Mile Hill deposit.

Silica sand explorer Allup Silica has applied for two new exploration projects, Blue Vein in WA and Trigger Fish in the NT. The company is also looking to beef up its Dune Buggy project lodging an application to expand its tenement just 15km from the port of Esperance in WA. Since listing in May, Allup’s strategy has been focused on projects, purity and ports.

Classic Minerals’ share price skyrocketed over 290 per cent during intraday trading after news the company had secured a cash injection worth up to $10 million to take its flagship Kat Gap gold project in WA to production. The deal saw over 200 million securities exchange hands, representing nearly all of its shares on offer as punters clamoured to get in on the action.

Battery metal explorer Askari Metals has completed another round of field mapping and sampling at the company’s Barrow Creek lithium project located in the NT’s Arunta pegmatite province. The field program was designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project.

A bone cancer treatment technology licenced by ASX-listed Radiopharm Theranostics has been granted orphan drug designation by the United States Food and Drug Administration. The approval is for a tumour-killing antibody known as DUNP19 that targets LRRC15, a substance produced by aggressive cancer cells in the surrounding micro-environment, but not healthy normal tissue.

Mineral sands producer Image Resources has executed a land access agreement that will allow it to extend mining operations at its wholly-owned Boonanarring project near Perth in WA. The deal enables the miner to access raw material from the operation’s south thereby curtailing a production gap brought on by relocating processing equipment to its Atlas deposit that is next in line to be brought into production.