Public Company News

Podium Minerals’ Parks Reef platinum group metals project in the Mid West region of WA is looking like the gift that keeps on giving after the explorer’s latest round of RC drilling. The Perth-based company’s assay results from nine holes delivered a raft of solid strikes including 6m at 1.39 grams per tonne three-elements platinum-group metals from 177m and 2m going 2.27 g/t 3E PGM from 121m.

Okapi Resources has launched a helicopter-supported review at its wholly owned Newnham Lake and Perch projects, part of its larger Athabasca Basin uranium tenements in Canada. The work is part of a maiden exploration program including prospecting, outcrop sampling and vegetation analysis to help identify favourable structural settings for uranium mineralisation.

Galan Lithium believes it holds an “outstanding” set of well results after an initial pumping test at its wholly owned Hombre Muerto West lithium brine project in Argentina's Catamarca Province. The company says the bumper grade of greater than 910 mg/L will roll into a definitive feasibility study for the operation, earmarked for later this year for territory with a proven track record from its big-hitting neighbours.

The joint venture between DiscovEx Resources and Carnaby Resources has its sights on yet another set of compelling drill targets at its Greater Duchess copper-gold project near Mt Isa in Queensland after an aeromagnetic survey underlined a strong structural corridor between and beyond its previously defined Nil Desperandum and Lady Fanny prospects. The results form part of an exploration ramp-up at the operation.

Panther Metals has struck a series of bonanza, shallow gold hits from its Burtville East gold project near Laverton, WA, including 1m going 478 g/t gold from 28m, 1m grading 125 g/t from 34m and a further 1m at 79 g/t gold from 27m. The company says visible gold was also panned from another hole and follow-up work is now being planned.

Triangle Energy has secured a new export route for its Cliff Head oil to Asian crude markets, loading out 24,500 barrels through a newly established facility at the Port of Geraldton with another 25,000–30,000 barrels to be added in the next six weeks. The deal allows the company to move past this year’s closure of BP’s Kwinana crude oil handling centre.

Venture Minerals’ JV earn-in with Chalice Mining received a boost after Chalice defined two new nickel-copper-PGE targets through a recently completed auger soil geochemistry campaign at the duo’s South West project about 240km south of Perth in WA. The anomalies are associated with the company’s previously defined Thor target that has drawn comparisons to Chalice’s revered Julimar discovery.

BMG Resources is ploughing through the metres with two diamond holes from an eight-hole 3700m campaign nearing completion at the operation’s Capital prospect in the Wiluna region of WA’s Mid West. Visual inspection of the drill core suggests the company is closing in on intersecting the predicted extensions of the high-grade East and West gold lodes about 250m along strike.

Neometals’ joint venture partner Primobius has signed a binding co-operation agreement with a subsidiary of luxury vehicle manufacturer Mercedes-Benz to help develop lithium-ion battery recycling solutions. The deal with German carmaker's subsidiary LICULAR is part of negotiations to design and construct a 10 tonne per day integrated battery recycling centre in southern Germany.

Strickland Metals has been given the green light to explore the main structure of its Millrose gold project near Wiluna after receiving heritage clearance from the Tarika Matuwa Piarku Aboriginal Corporation in addition to program of work approval from the West Australian Department of Mines, Industry Regulation and Safety. The company can now focus on several high-priority areas along strike of the main 13km structure.

St George Mining’s maiden drilling program at its Paterson copper-gold project in WA’s east Pilbara region is in full swing with three more drill holes returning encouraging signs. The explorer says the lithologies intersected in all three drill holes appear consistent with those known to host major copper-gold deposits in the Paterson province.

Empire Energy has started the much-awaited fracking of its Carpentaria-2H well, the longest horizontal well drilled in the Beetaloo sub-basin as it attempts to unlock the potential of the prospective multi-trillion cubic feet NT gas play. The company has pumped the first of a 25-stage frack in its 1250m-long hydraulic stimulation program it is planning for last year’s C-2H gas discovery.