Public Company News

Coda Minerals has identified multiple targets including outstanding anomalies from induced polarisation surveys at its Cameron River copper-gold project in north Queensland, with drilling set for August. The drilling program will target coincident geophysical and geochemical targets including a shallow chargeability anomaly at the site’s Rebound prospect.

ASX-listed Technology Metals has signed an agreement with energy infrastructure company, APA Operations, to start work on the Gabanintha gas pipeline. The proposed pipeline is less than half the length originally proposed, which should result in lower gas transportation charges. The pipeline will allow an option to source gas from the emerging Perth Basin, further reducing costs for the project’s gas.

ASX-listed American West Metals shares surged more than 70 per cent in intraday trading at the highest volume this year on the back of the company’s best assay results at its West Desert project in Utah, USA. Assay analysis of the 549.83m hole showed more than 105m of high-grade zinc and copper intersected within four major intervals, in addition to high grades of indium and silver.

Triangle Energy will bank almost $17 million from the latest oil sales from its share in the Cliff Head oilfield, offshore Dongara in Western Australia, after lifting more than 140,000 barrels of oil in the last output to be sold through BP’s Kwinana oil terminal before it is converted into a clean energy hub. Triangle shares the Cliff Head venture with Pilot Energy.

Perth-based nickel explorer Estrella Resources has struck nickel-copper sulphides in the first three step-out holes drilled at its T5 prospect 80km north-east of Kalgoorlie in WA’s Goldfields region. The company says the intercepts show mineralisation continues to the south beyond downhole electromagnetic plates from previous drilling of the prospect at its wholly owned Carr Boyd nickel project.

Perth-based Valor Resources has identified seven high-priority uranium targets at its Cluff Lake project in the western Athabasca Basin in Canada after an extensive data review. The company says it is well advanced and can start a ground exploration program this month, including mapping and sampling, in addition to planning a drilling campaign.

Altech Chemicals has set out to bolster the intellectual property of its silumina anodes battery materials technology and alumina coating process by filing an international application that allows it to file national submissions in up to 156 countries. The company has lodged patent tenders in the United States, Europe, China, Japan and Korea as it looks to protect its lucrative technology.

ASX-listed Okapi Resources is all set to launch an 11-hole diamond drilling program at its wholly-owned Enmore gold project in NSW within the next three weeks. Okapi plans to follow up last year’s RC drilling campaign at the Sunnyside gold prospect that returned exceptional gold assay results. The company says mineralisation at the prospect remains open at depth and along strike.

Strong lithium grades up to 2.35 per cent and an extension of the Spear Hill lithium pegmatites to over 4.3km strike length have convinced the owners of Pirra Lithium to spin the company out into an IPO by the end of this year. Calidus owns 50 per cent of Pirra Lithium, the joint venture controls tenements and lithium rights covering over 1000 square kms where recent assaying has doubled the known size of lithium mineralised zones.

Junior explorer Aurumin has intersected multiple pegmatites with indications of lithium after RC drilling at the company’s Mt Palmer gold project in Western Australia. Anomalous lithium and pathfinder elements were uncovered in the first-pass drilling, with up to 370 parts per million lithium detected across several samples in Aurumin’s 12-hole program.

Aruma Resources hopes history repeats with a fresh diamond drilling program to add to its huge gold hits in March that reached 224 grams per tonne from the Salmon Gums gold project in WA’s eastern Goldfields. Other eye-popping RC drill cores from its maiden program graded above 50 g/t and 83 g/t gold.

Ongoing work at Asra Minerals’ Mt Stirling project in the eastern Goldfields region of WA has delivered another stunning set of high-grade gold intercepts that has also extended the operation’s mineralisation down-dip. The Perth-based company says recent drilling at the Estera prospect has delivered some of its best results so far across the operation’s southern tenements.