Public Company News

Mineralisation has been observed in all holes drilled in the latest campaign by PolarX at its Star Canyon gold-silver target at the northern end of its overarching Humboldt Range project in Nevada, USA. The explorer says it’s a strong start to the program with visual results consistent with the styles of alteration and mineralisation seen in the region. It’s now heading south to drill a further 10 holes.

Panther Metals is continuing to keep its drill crew busy as it moves its RC rig from the 38 holes just drilled at the company’s Eight Foot Well gold prospect near Laverton in WA to the Merolia gold project where grab samples from the Burtville East target have yielded grades of up to 38.45 grams per tonne gold.

BMG Resources has boosted the regional prospects of its Abercromby gold project in the north-eastern Goldfields region of WA after assay results from more than 10,000m of an air-core drilling program underlined its broader potential. According to the company, a raft of solid hits from drilling across the venture's tenements has identified a sequence of compelling anomalies and opened a string of new target areas.

Allup Silica has listed on the ASX with an exploration strategy of targeting high-purity silica sand resources with economically viable road and port access. The company raised $5 million for exploration and evaluation of its three WA silica sand projects that include an inferred JORC mineral resource estimate of 73 million tonnes at an average grade of 96.6 per cent silica at its Sparkler prospect.

Gold-focused Aurumin is gearing up for its inaugural drilling program at the company’s recently-acquired Central Sandstone gold project 130km west of Leinster in WA. The campaign will feature a mix of RC and diamond drilling and is expected to start this month following the end of the company’s ongoing lithium hunt at its Mt Palmer project, 350km to the south.

Alcore, an ABx Group subsidiary, has secured a $7.5 million modern manufacturing grant from the Federal Government to assist in the development of its world first aluminium smelter bath recycling plant. The facility aims to generate aluminium fluoride, an essential chemical for aluminium smelting, from smelter waste product bath. Australia currently imports its entire aluminium fluoride supply.

K2fly has tabled some healthy numbers from the March quarter with record invoices of $3.3m, maintaining its all-time high total contract values of $16.6m and cracking the $5m mark in annual recurring revenue for the first time. The company operates in the global resources space under a ‘Software as a Service’ business model – meaning it delivers its software on a subscription basis.

ASX-listed Image Resources says it has successfully navigated another challenging quarter at its wholly-owned Boonanarring mineral sands project, 80kilometres north of Perth in Western Australia. The company’s quarterly report shows the average realised price per tonne of its heavy mineral concentrate set a new quarterly record despite lower production and sales over the previous period.

ASX-listed Quantum Graphite says the long-term demand for natural flake graphite in the production of anodes for lithium-ion batteries along with the global push towards a net-zero carbon economy could drive its thermal battery technology with joint venture partner Sunlands Co to the forefront of the bubbling sector.

Junior explorer Tambourah Metals has pegged new tenements prospective for gold and lithium that it has now coined as the Nullagine project. The 34-tenement package under application covers 5788ha and is 5km north of the explorer’s existing Russian Jack lithium project in Western Australia’s Pilbara region. After beginning a project scale compilation of the available data Tambourah has found historical soil samples indicating lithium up to 40ppm.

ASX-listed minerals developer Technology Metals has dived into the implementation phase of its Murchison Technology Metals project after awarding Danish-based kiln supplier FLSmidth a Notice to Proceed with front-end engineering and design services for the key roasting kiln section of its vanadium processing plant.

Surefire Resources has bagged another wide and shallow gold intercept in the latest drilling campaign at its Yidby gold project in WA’s Mid West region. The wide and shallow intersection of 8m going 1.43 g/t gold from 18m was encountered as the explorer drilled for extensions to its Yidby Road prospect. The company says up to 4000m of RC drilling is due to kick off in the next few weeks.