Public Company News

ASX-listed Blackstone Minerals has landed a new massive sulphide discovery with portable-XRF readings of up to 20 per cent nickel at its Flagship Ta Khoa nickel project in northern Vietnam. Several nickel targets have been identified at the project including massive and semi-massive and net-textured sulphides. The standout results saw a 2.95m intersection of sulphides, with portable XRF readings indicating the presence of up to 20 per cent nickel.

Superior Resources has potentially unearthed a significant copper system at its Bottletree copper prospect, part of its larger Greenvale project near Townsville in Queensland, after assays returned a 632m copper hit within a remote section of an interpreted porphyry structure. The news was not lost on the market with Superior’s share price up 60 per cent at one point during the session on heavy turnover from the previous close.

Only one month after its first gold pour at the company’s Warrawoona gold operation, Calidus Resources is looking at its Blue Spec East prospect as an open pit operation following strong drilling results. The move could boost throughput at its nearby plant in the Pilbara. The company produced first gold last month with a 33kg pour and aims to ramp up to 90,000 ounces per year.

CZR Resources has increased the mineral resource at its Robe Mesa iron ore project in the Pilbara by more than 50 per cent whilst maintaining an iron ore grade of 56 per cent. Assay results reported in March revealed extensive direct shipping iron ore outside the prefeasibility study pit designs. The deposit’s JORC mineral resource has increased from 24.7 million tonnes to 37.5Mt.

As it looks to stack more gold on its 603,000-ounce Yandal project, 70km east of Wiluna, junior explorer Strickland Metals is gearing up to pass its fleet of drill rigs over its cornerstone Millrose gold system. In preparation for its drill out, the company has completed a heritage assessment and will start a magnetic survey as early as next week.

Podium Minerals has been given the green light to start drilling next week at the central section of its Parks Reef platinum group metals project in the Mid West region of WA after it was granted registered heritage site access in April and its program of work approved last month by the Department of Mines, Industry Regulation and Safety.

Cyclone Metals has wrapped up a maiden gold exploration program at its Mareburn and Macraes South projects, about 40km north of Dunedin in the Otago Province of New Zealand. According to the company, the region has churned out over 10 million ounces of the precious metal and all eyes will now be on the results from the campaign, which are anticipated for around a month.

Multi-element explorer Horizon Minerals has hit nickel sulphides in its first hole at its Euston prospect within the company’s wholly-owned Cannon project in WA. Preliminary assays of the 4m nickel intercept revealed encouraging grades of over 1 per cent nickel, 607 parts per million copper and 250ppm cobalt from 160m. Further assays from the five-hole program are pending.

Metal Hawk’s Berehaven nickel project on the outskirts of Kalgoorlie, WA, is growing in size with strong geochemical platinum group elements results from the Torana prospect. The new data came just to the north of the Commodore nickel sulphide discovery that the company made in the project area last September, 20km south-east of the historic goldfields town.

Coda Minerals has extended its Emmie iron oxide-copper-gold deposit within its Elizabeth Creek copper project in South Australia by more than 900m — increasing its mineralised target zone. A recent surface step-out drill hole encountered multiple zones of visible copper sulphide mineralisation to the north of the Emmie IOCG geophysical anomaly, providing evidence the deposit contains multiple conduit zones.

Okapi Resources is targeting a two-commodity play at its Rattler uranium project in Utah, USA, after a rock chip sampling program confirmed the samples also contained high-grade vanadium. The results ran up to 12.5 per cent vanadium pentoxide, some way above the general concentrations of up to 2.5 per cent found in some deposits.

As it hurtles towards an expected resource upgrade, Asra Minerals has returned more significant high-grade gold intercepts from RC drilling at its flagship 118,400-ounce Mt Stirling project in WA’s Eastern Goldfields. The program continues to extend mineralisation beyond previous resource boundaries, with the company reporting results grading up to 1m at 11.86 g/t from two more holes.