Public Company News

Strickland Metals has begun a native title heritage survey to gain clearance for further exploration around multiple high-priority prospects within the company’s Yandal and Earaheedy projects near Wiluna in WA. The survey will include Strickland’s recent Wanamaker discovery to the north of its Millrose project where the company has returned impressive results including 7m at 22.2 grams per tonne gold from 72m.

Askari Metals has inked a binding heads of agreement with private company LexRox Exploration Services to acquire a 90 per cent interest in its advanced lithium, tantalum and tin project in Namibia, Africa. The advanced project bears visible spodumene mineralisation on its surface with recent rock chip assays delivering high-grade results up to 3.1 per cent lithium oxide, 3.2 per cent tin, 452ppm tantalum and 3387ppm rubidium.

Alumina technologist and rare earths explorer ABx Group’s 83 per cent owned subsidiary, Alcore has selected its initial operating conditions for its planned pilot plant on the NSW Central Coast after performing extensive assessments. Now the initial operating conditions have been selected the pilot plant reactor engineering design can be completed.

White Cliff Minerals has added to its rare earth portfolio after acquiring the Lake Tay project in addition to applying for a further 10 exploration licences surrounding the area 120km south-west of Norseman. The company has signed a binding agreement with Hurricane Prospecting for the purchase of the three granted exploration licences that make up the project for $30,000 in cash, $125,000 in White Cliff shares and 2 per cent of net smelter rights.

Reproductive biotechnology company Memphasys is working with key opinion leaders in Japan and Canada to launch “in vivo” studies for its Felix System that aids IVF conception. In an update on its commercialisation activities, NSW-based Memphasys says the studies are precursors to potential commercial opportunities in Japan and Canada. Management adds that regulatory approval processes in China and the USA are also proceeding as planned.

Emerging battery metals producer Neometals is edging closer to developing its vanadium recovery plant in Finland after government authorities granted an environmental permit for the operation. The company is planning a joint venture with private operator Critical Metals to recover the high-purity vanadium pentoxide from a by-product slag that is created during the steel-making process.

After a run of rock sampling, Twenty Seven Co has confirmed pegmatite fertility within the company’s Mt Edon lithium, caesium and tantalum mining lease in WA’s Mid West region. Rock samples were found to grade up to 2.7 per cent lithium oxide, 1046ppm caesium oxide and 5057ppm tantalum oxide. A total of nine rock chip samples were taken from four outcropping locations across a pegmatite field spanning 6.4 km.

Junior explorer Asra Minerals has added critical minerals cobalt and scandium to its rollcall of rare earths at its flagship Mt Stirling project in Western Australia. The latest round of drilling was targeting zones of rare earths mineralisation within the shallow blanket of weathered rocks and hit thick zones of scandium oxide mineralisation with anomalous cobalt.

Positive results are now in from Toro Energy’s scoping study into a standalone uranium-vanadium mining and processing operation at its Lake Maitland deposit within the company’s broader Wiluna uranium project in WA’s northern Goldfields region. After the cursory size-up, the standalone project currently holds a pre-tax net present value of $610 million and a total capital cost of $270 million.

Shares in Galan Lithium surged 30 per cent higher during intraday trading following a game-changing increase of more than 150 per cent to the mineral resource of its flagship Hombre Muerto West project in Argentina. The revised estimate now tips the scales at 5.8 million tonnes of contained lithium carbonate equivalent grading 866 milligrams per litre - a staggering 2.5 times increase from the previous figure.

Minerals explorer Godolphin Resources has overcome adverse ground conditions and successfully completed a 27-hole 1111m diamond drilling campaign at its Narraburra rare earths and rare metals project in Central NSW. The company is now eagerly awaiting assay results with the aim of updating its mineral resource estimate early next year from a previous JORC 2004 compliant inferred resource.

Tambourah Metals has begun an airborne magneto-telluric survey across its recently granted Yerecoin prospect where the company is targeting nickel, copper and platinum group elements 120km north-east of Perth. The survey will also investigate multiple magnetic targets identified at Tambourah’s Bolgart and Wongan Hill South prospects across a strike length of about 80km that stretches from the town of Wongan Hills to south of Goomalling.