Public Company News

Perth-based Cyclone Metals has sealed a binding exclusivity agreement with Ewaah Cameroon on a “world-class” cobalt-nickel-manganese land package in the central African region. The deal gives the company the right to procure 100 per cent of the issued capital of the Camdu Corporation, a subsidiary of Ewaah, that has applied for a mining permit covering the prospective ground.

Middle Island has unveiled a couple of drill-ready targets at its Crosswinds copper prospect in the Northern Territory after a five-line Induced Polarisation survey at the site. The company says the zones are supported by ground-based gravity work and regulatory assessments are the only thing standing in the way of an imminent probe.

Perth-based Surefire Resources NL has tabled encouraging geochemical anomalies from its recent drilling at the Yidby Road gold project in WA’s Mid West, adding they represent a potential new gold d

King River Resources will begin RC drilling at its Tennant Creek gold project in the NT at the weekend, focusing on the Kurundi Main prospect where recent rock chip samples returned gold hits. Multiple samples at the prospect returned results of up to 17.25 grams per tonne gold along a 2km mineralised trend that has never been explored.

WA explorer Meeka Gold is expanding its rare earths project by adding 33 per cent to its Circle Valley landholding in the Albany-Fraser province soon after reporting high-grade rare earths oxides hits at its Cascade project only 50km away. In addition to rare earths, the acreage contains two major regional shear zones, both highly prospective for Tropicana-style gold mineralisation.

ASX-listed Blackstone Minerals has landed a new massive sulphide discovery with portable-XRF readings of up to 20 per cent nickel at its Flagship Ta Khoa nickel project in northern Vietnam. Several nickel targets have been identified at the project including massive and semi-massive and net-textured sulphides. The standout results saw a 2.95m intersection of sulphides, with portable XRF readings indicating the presence of up to 20 per cent nickel.

Superior Resources has potentially unearthed a significant copper system at its Bottletree copper prospect, part of its larger Greenvale project near Townsville in Queensland, after assays returned a 632m copper hit within a remote section of an interpreted porphyry structure. The news was not lost on the market with Superior’s share price up 60 per cent at one point during the session on heavy turnover from the previous close.

Only one month after its first gold pour at the company’s Warrawoona gold operation, Calidus Resources is looking at its Blue Spec East prospect as an open pit operation following strong drilling results. The move could boost throughput at its nearby plant in the Pilbara. The company produced first gold last month with a 33kg pour and aims to ramp up to 90,000 ounces per year.

CZR Resources has increased the mineral resource at its Robe Mesa iron ore project in the Pilbara by more than 50 per cent whilst maintaining an iron ore grade of 56 per cent. Assay results reported in March revealed extensive direct shipping iron ore outside the prefeasibility study pit designs. The deposit’s JORC mineral resource has increased from 24.7 million tonnes to 37.5Mt.

As it looks to stack more gold on its 603,000-ounce Yandal project, 70km east of Wiluna, junior explorer Strickland Metals is gearing up to pass its fleet of drill rigs over its cornerstone Millrose gold system. In preparation for its drill out, the company has completed a heritage assessment and will start a magnetic survey as early as next week.

Podium Minerals has been given the green light to start drilling next week at the central section of its Parks Reef platinum group metals project in the Mid West region of WA after it was granted registered heritage site access in April and its program of work approved last month by the Department of Mines, Industry Regulation and Safety.

Cyclone Metals has wrapped up a maiden gold exploration program at its Mareburn and Macraes South projects, about 40km north of Dunedin in the Otago Province of New Zealand. According to the company, the region has churned out over 10 million ounces of the precious metal and all eyes will now be on the results from the campaign, which are anticipated for around a month.