Public Company News

Triangle Energy Global hopes to increase production from its Cliff Head platform by replacing a downhole electrical pump that failed last year after 12 years in operation at the field, the only offshore producing facility in the prolific Perth Basin. The well was closed in September and the phased workover is expected to bring an extra 130 barrels a day.

Mixed metals explorer Oar Resources has intersected high-grade gold and silver at its wholly owned Douglas Canyon project in Southern Nevada, USA after completing a maiden drilling campaign at the operation. The company says the probe was aimed at testing the ground’s precious metal potential by evaluating depth extensions of outcropping mineralisation.

Podium Minerals has extended the mineralisation at its Parks Reef platinum group metals project in the Mid West region of WA following early results from its stage 10 drilling campaign. The company says drilling has confirmed its exploration target of 70-75 million tonnes at a grade of 1.2 to 1.6 grams per tonne 3E PGM. Early results show four holes hit PGM reef at 150m vertical — extending the resource to 250m vertical.

Allup Silica is seeking to prove up another silica prospect at its Pink Bark project, 110km from Esperance in WA. Preliminary surface sampling has returned silicon dioxide grades up to 98.82 per cent, with iron oxide levels ranging from 0.08 to 0.95 per cent. Further tests are underway to determine the potential for the sands to clean up into a suitable silica sand product.

Venus Metals Corporation and Rox Resources have continued their run of gold hits from the latest round of drilling at the companies’ joint venture Youanmi gold project near Mt Magnet in WA. Results include 8m at 5.1 grams per tonne gold from 212m including 4m at 9.45 g/t from 212m in addition to 4m at 6.03 g/t from 140m in one hole.

Coda Minerals has identified multiple targets including outstanding anomalies from induced polarisation surveys at its Cameron River copper-gold project in north Queensland, with drilling set for August. The drilling program will target coincident geophysical and geochemical targets including a shallow chargeability anomaly at the site’s Rebound prospect.

ASX-listed Technology Metals has signed an agreement with energy infrastructure company, APA Operations, to start work on the Gabanintha gas pipeline. The proposed pipeline is less than half the length originally proposed, which should result in lower gas transportation charges. The pipeline will allow an option to source gas from the emerging Perth Basin, further reducing costs for the project’s gas.

ASX-listed American West Metals shares surged more than 70 per cent in intraday trading at the highest volume this year on the back of the company’s best assay results at its West Desert project in Utah, USA. Assay analysis of the 549.83m hole showed more than 105m of high-grade zinc and copper intersected within four major intervals, in addition to high grades of indium and silver.

Triangle Energy will bank almost $17 million from the latest oil sales from its share in the Cliff Head oilfield, offshore Dongara in Western Australia, after lifting more than 140,000 barrels of oil in the last output to be sold through BP’s Kwinana oil terminal before it is converted into a clean energy hub. Triangle shares the Cliff Head venture with Pilot Energy.

Perth-based nickel explorer Estrella Resources has struck nickel-copper sulphides in the first three step-out holes drilled at its T5 prospect 80km north-east of Kalgoorlie in WA’s Goldfields region. The company says the intercepts show mineralisation continues to the south beyond downhole electromagnetic plates from previous drilling of the prospect at its wholly owned Carr Boyd nickel project.

Perth-based Valor Resources has identified seven high-priority uranium targets at its Cluff Lake project in the western Athabasca Basin in Canada after an extensive data review. The company says it is well advanced and can start a ground exploration program this month, including mapping and sampling, in addition to planning a drilling campaign.

Altech Chemicals has set out to bolster the intellectual property of its silumina anodes battery materials technology and alumina coating process by filing an international application that allows it to file national submissions in up to 156 countries. The company has lodged patent tenders in the United States, Europe, China, Japan and Korea as it looks to protect its lucrative technology.