Public Company News

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.

They say if you want to go elephant hunting you must go to elephant country and when talking mineral endowment, Mongolia is clearly elephant country. The ridiculous scale of Rio Tinto’s part-owned Oyu Tolgoi mine is just one truly biblical example and Xanadu Mines is also turning heads in the country with its Kharmagtai project, now thought to be one of the largest undeveloped copper-gold resources controlled by a junior explorer.

Routine earth-moving activities at Kairos Minerals’ Mt York gold project in the Pilbara have turned up spodumene pegmatites, opening the door to a possible lithium play for the diversified West Perth explorer. The discovery has excited Kairos, not least because it was made less than 4km from Pilbara Minerals’ massive lithium operation, Pilgangoora.

Okapi Resources has become a key player in the new energy sector after completing the acquisition of a 51 per cent interest in the high-grade Hansen uranium deposit in Colorado, USA, from STB Minerals. The deal extends its resources at its Tallahassee project to 42 million tonnes at 540 ppm for 49.8 million pounds of triuranium octoxide and increases the grade of Okapi’s existing resource about 10 per cent.

Great Southern Mining says it will focus its Queensland exploration efforts on its Edinburgh Park gold project after signing a deal to offload its Palmer River site to Revolver Resources for a cool $1 million. The deal appears to be mutually beneficial for both companies with Great Southern enjoying a significant exploration cash boost whilst Revolver receives licences covering an area of 360 square kilometres adjacent to its flagship Dianne copper mine project in northern Queensland.

Junior explorer Meeka Metals has done no harm to its goal of growing the resource at its Murchison gold project by finding more high-grade gold on the western flank of the project’s Turnberry deposit including 32m at 3.09 g/t gold from 32m. The strikes will bolster Meeka’s case to upgrade its mineral resource and bolster the company’s forthcoming pre-feasibility study for mining operations.