Public Company News

Estrella Resources says high-grade results from resource confirmation drilling at its Spargoville nickel project near Kambalda in WA highlight its best hope of transitioning to a producer in the near term . First assays from a hole drilled at the company’s 5A resource returned a 3.4m intersection recording 8.2 per cent nickel, 0.6 per cent copper, 0.2 per cent cobalt and 21.5 per cent sulphur from 65.16m.

Buru Energy is set for a bumper payday from the latest lifting from its flagship Ungani oilfield in WA’s Kimberley region. The company is anticipating a $5.5 million cheque from its 50 per cent share of the 75,000 barrels shipped out of the Wyndham port this month. The latest payment is likely to be more than $1m higher than its previous record in February and comes off the back of a very strong Brent oil price that is today sitting at around US$116 a barrel.

ABx Group has unveiled a 10-metre-thick channel of high-grade rare earth elements in northern Tasmania with the first batch of assays confirming an abundance of the most valuable minerals and a tripling of the prospective area’s size. One drill hole returned 10m of rare earths mineralisation, averaging 863 parts per million total rare earth oxides.

BMG Resources is running through the gears at its Abercromby gold project in the Wiluna region of WA with the explorer onto its next phase of diamond drilling at the operation. The 8-hole diamond probe will take in around 3,700m and is aimed at defining new resources and extending the footprint of previously discovered lodes.

Podium Minerals says the latest batch of results at its Parks Reef platinum group metals project in the Mid West region of WA continue a 100 per cent hit rate of intersecting the site’s reef. The company recently received assays from two RC holes including highlights of a 13m intersection going 1.94 grams per tonne 3E PGM from 207m including 2m at 5.05 g/t. from 212m that support the expansion of its exploration target.

Great Southern Mining’s aggressive exploration approach at its Southern Star prospect near Laverton appears to be paying off, reinforcing what the company says is shaping up to be a very sizeable gold deposit. The latest RC drilling program continues to return wide and shallow hits at the operation in WA’s Goldfields region including one 69m intersection going 1.1 grams per tonne from 39m.

Aeramentum Resources has its hands on a treasure trove of old geological reports that point to historic occurrences of battery metals such as copper, nickel, cobalt and others across its ground on the island of Cyprus. The company will list its Cyprus assets on the ASX next month and will immediately set about applying modern exploration techniques to them with a view to immersing itself in the lucrative European electric vehicle markets.

Sydney biotechnology company Memphasys has passed another milestone by enrolling and treating the first couple in its new clinical study, en route to commercialising its unique reproductive technology device, Felix. The aim is to assess the safety and performance of Felix against two popular sperm selection techniques that isolate sperm from semen before they are used in assisted reproductive technologies.

Wiluna Mining Corporation’s joint-venture partner, A-Cap Energy has raised its stake in their Wilconi nickel-cobalt project in WA from 20 to 55 per cent after sinking $5 million into the project as part of its phase 2 earn-in milestone. The transaction comes after its initial $500,000 cash payment to Wiluna and follows a major resource upgrade at their project.

Junior explorer Askari Metals has completed a third phase of RC drilling at the company’s Burracoppin gold project in WA’s Wheatbelt region. The 40-hole 3639m campaign was targeting untested anomalies identified in earlier surveys and aimed to build on known gold mineralisation intersected in the previous two phases as the company looks to table a maiden mineral resource for the project.

King River Resources has returned high-grade results from RC drilling at its Tennant Creek gold project in the Northern Territory, including one hole recording a 1 metre intersection going 35.26 grams per tonne. A total of 34 holes were drilled at the project’s Kurundi Main prospect where rock chip samples returned multiple results between 10 and 17g/t gold along a previously undrilled 2km trend.

Panther Metals has exceeded its JORC exploration target by an impressive 40 per cent with a maiden mineral resource estimate of 70.6Mt at 0.7 per cent nickel at its Coglia nickel-cobalt project in WA. The company’s resource estimate is well above the 50Mt upper limit of its former JORC exploration target and has room to grow from its base of 70.6Mt at 0.7 per cent nickel and 460ppm cobalt for 476,000t of nickel and 32,200t of cobalt contained.