Public Company News

ASX-listed Radiopharm Theranostics is moving quickly to add another cancer-fighting weapon to its diagnostic armoury after penning a sub-licensing agreement for a promising radiopharmaceutical agent with a US company. The Melbourne-based biotech company believes the agent can target several tumour types, including gynaecological cancers however the company is focusing first on its possibilities for detecting and treatment of aggressive brain tumours.

Lithium Australia’s joint venture partner Charger Metals is poised to fire up the drill rig at its Medcalf prospect, part of the larger Lake Johnston project about 450km east of Perth in WA after confirming a significant lithium system at the site. The looming campaign will follow work at its nearby Coates and Bynoe projects where an imminent delivery of drilling approvals is expected.

Australian reproductive biotechnology company Memphasys is taking advantage of the worldwide easing of travel rules to turbocharge its trademarked Felix System into global in-vitro fertilisation markets. Memphasys has announced a targeted sales push, with the first pitch aimed at India, where Felix late last year scored its breakthrough commercial sales deal.

Mineral explorer Aurumin has intersected visible gold in its first diamond drill hole at the company’s 784,000-ounce Central Sandstone gold project 130km west of Leinster in WA. With the RC portion of its program completed, the diamond drilling aims to extend and better define the project’s premier underground resource, Two Mile Hill, of 14.2Mt grading 1.1 g/t and containing 500,000 ounces of gold.

Kalgoorlie Gold is looking to plumb the depths at its La Mascotte discovery in WA’s Goldfields region after extending the strike length of the prospect from about 250m to 700m after recent drilling. It also plans to test outlying gold targets recently found by the company’s prospecting partners just west of its current focus area.

Junior explorer Meeka Gold looks on track to beef up its one-million-ounce mineral resource at its Murchison project in WA after hitting the go button on a high-priority drilling campaign. According to the company, the program will help it vector in on shallow, high-grade gold at the venture’s St Anne’s prospect, that has so far not been included in its mineral resource estimate.

ASX-listed explorer Legend Mining has completed two holes from its diamond drilling program at its Mawson nickel, copper and cobalt discovery in the Fraser Range of Western Australia. The exploration intersected a largely prospective intrusive package below previous levels, confirming the Mawson mineralised intrusions extend at depth as predicted. Air core drilling and geophysical surveys have also been completed.

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.