Public Company News

Infinity Lithium Corporation has extended its Memorandum of Understanding with South Korean lithium-ion battery producer LG Energy Solutions for lithium hydroxide from its proposed San José project in Spain with the extension due to mature in December. The two companies originally signed a non-binding agreement in June last year that gives LG first rights to 10,000 tonnes per year of product, with additional volumes subject to negotiations and agreement.

Altech Chemicals is tantalisingly close to building a high-purity alumina coating pilot plant in the German state of Saxony after signing a final construction contract with developer Kuttner GmbH. The company’s glazing process uses silicone particles and graphite to treat anode materials, boosting the endurance of lithium-ion batteries.

Meeka Gold continues to record high-grade assays at its Circle Valley project near Esperance in WA’s south, including results up to 1748 parts per million total rare earth oxides. The assays also show values of up to 132 grams per tonne scandium — a valuable alloying metal used with aluminium the company says could provide a meaningful by-product for its operation.

Junior explorer Godolphin Resources will soon test the limits of its newly acquired Narraburra rare earths project about 15km north of Temora in central west NSW after securing government approval to launch a four-hole diamond probe. According to the company, the looming campaign is intended to sniff out mineralisation across a suite of prospective zones.

Buoyed by visible gold from its first diamond drill hole at the company’s Central Sandstone gold project, Aurumin Ltd has added another tenement to its land holding in WA’s East Murchison region. The move will lift the granted acreage at Aurumin’s wholly owned, historical Central Sandstone Gold Project to 126 square kilometres.

Superior Resources has pulled the trigger on a fresh eight-hole drilling program for a minimum of 3700m. The campaign is following up on the huge 632m copper intersections the company reported earlier this month from a large interpreted copper-gold porphyry system at its Bottletree prospect, part of its larger, wholly owned Greenvale project near Townsville in Queensland.

Coda Minerals has confirmed a new geologically distinct bornite zone in the southern part of its Emmie iron oxide-copper-gold prospect in South Australia. The company’s assay results include a best intercept of 16m at 2.66 per cent copper and 37.5 grams per tonne silver from 812m at the site that forms part of its Elizabeth Creek copper project.

Infinity Lithium continues to strengthen its green hydrogen credibility with the company’s wholly owned Spanish subsidiary, Extremadura New Energies, joining major regional energy transition group SOI H2-ALEX. The alliance is focused on the advancement of green hydrogen developments in the south-west Iberian Peninsula, specifically the Alentejo region in Portugal and the Extremadura region in Spain.

Shares in DiscovEx Resources leapt about 20 per cent on intraday trading after its JV partner, Carnaby Resources, rattled off another striking set of drill intercepts from rolling work at its Greater Duchess copper-gold project near Mt Isa in Queensland. The headline results include a 13m section running 4.4 per cent copper and 0.2 grams per tonne gold from 122m.

After a recent high-profile multi-metal discovery only 200m from its boundary, Conico Limited has quickly seized the bit by booking a multi-purpose diamond and reverse circulation drill rig for a maiden, 5000m program on its Mt Thirsty project in search of platinum group metals 16km north-northwest of Norseman in WA. The company will also kick off a geological review in the wake of its neighbour’s find.

Triangle Energy Global and Key Petroleum have extended the completion of their onshore Perth Basin acreage sale until the end of September due to unforeseen delays, however the pair are confident the deal will be cemented before then. Triangle is soaking up Key’s interests in its L7 and EP 437 permits as the company refocuses its growth strategy from offshore Perth Basin oil towards big inland gas targets.

Venus Metals Corporation has quickly moved onto the second phase of its lithium chasing reverse-circulation drilling campaign at its Henderson project near Menzies in the eastern Goldfields region of WA. The company recently hit returns of 5.8 and 3.6 per cent lithium dioxide at its Emerald SE prospect whilst results from 89 rock samples showed 29 had more than 100 parts-per-million lithium dioxide.