Public Company News

Great Southern Mining is eyeing off WA’s latest nickel discovery after a recently completed infill Fixed- Loop Electro-Magnetic survey at its wholly owned East Laverton project confirmed the presence of compelling bedrock conductors. According to the company, the two anomalies will be drill tested in the weeks ahead, with the larger kilometre-scale target the first in line.

Venus Metals Corporation has identified a strong lithium anomaly in recent soil sampling at its Bridgetown East project just 20 kilometres southeast of the world-class Greenbushes mine in southwest WA. The phase 3 geochemical soil sampling recorded anomalous results up to 148 parts per million lithium across a 300 metre by 400m parcel of land with potential remaining open to the north.

North American-focused oil producer 88 Energy has spudded its Merlin 2 well in Alaska, chasing what could be a potential company-making 652 million barrels of oil prospect following up last year’s Merlin 1 discovery. Merlin 1 didn’t flow oil to surface, however post-well analysis successfully demonstrated the presence of light oil with 41 feet of net payzone across three reservoir targets.

Phase one testing in the United States of one of Chimeric Therapeutics’ latest cancer fighting innovations has yielded exciting final toxicity and anti-rejection testing results as it looks to roll out its ground-breaking cell therapy technology. The company says results were extremely encouraging and demonstrated an optimal safety profile with strong early signs of clinical benefit for patients.

Estrella Resources has hooked onto more nickel sulphides at its flagship Carr Boyd nickel-copper project 80 kilometres northeast of Kalgoorlie in Western Australia. A single diamond drill hole yielded a significant strike of 8.07m grading 4.37 per cent nickel and 0.75 per cent copper within a larger zone of 16.2m running 3.12 per cent nickel and 0.60 per cent copper from 192.35m downhole

Calidus Resources appears to be making inroads into the new energy space after its recently spun-out company, Pirra Lithium identified pegmatite across an over 1-kilometre strike range at its Spear Hill project in WA’s prolific East Pilbara region. According to the company, it has since bagged up over 30 rock chips samples with assay results yielding grades of up to 2.3 per cent lithium oxide.

DiscovEx Resources’ joint venture partner, Carnaby Resources, has intersected a high-grade 27 metre copper zone in a step out diamond drilling program at the Nil Desperandum prospect, part of the larger Greater Duchess project near Mt Isa in Queensland. According to the company, its latest probe suggests the mineralised system boasts both grade and range given it was sunk over 120m from the initial discovery hole.

Aurum Resources has finished a maiden 18-hole drill program at its prospective Penny South gold project. The company is chasing targets with distinct similarities to its neighbours, the well-endowed Penny West historical mine and the ever-expanding Ramelius Resources’ owned Penny North deposit. Despite some drilling delays Aurum hit numerous prospective shear zones with sulphides and quartz veining that it plans to send for priority assay.

Cell therapy trailblazer Chimeric Therapeutics has struck a deal to outsource the time sensitive collection, transport and delivery of feedstock materials from donors in addition to final clinical drug therapy products to biotech supply chain specialist Be The Match BioTherapies. The 30-year veteran has sourced, collected and delivered cells from more than 100,000 donors around the world for time-critical cellular therapies.

Torian Resources has re-confirmed higher concentrations of Yttrium and associated critical heavy rare earths after further assay work using “fusion digestion” was shown to dissolve the refractory heavy rare earth solution and liberate Yttrium much more effectively. The pulp ore samples analysed were sourced from the company’s newly discovered Yttria rare earth prospect within its Mt Stirling gold project in WA.

Emu NL is narrowing in on nickel targets at its Graceland and Viper projects in WA after EM surveys identified anomalies over previously recognised gravity and soil sample anomalies. The company is now planning for a 2,500-3,000 metre rotary core drilling program in the second quarter of 2022 with the recent events in Europe driving nickel prices to 11-year highs.

Brightstar Resources has picked up a crucial piece of acreage that connects its south and north Cork Tree Well tenure, offering the company an unfettered opportunity to explore the area. The acquisition extends its second prospective exploration trend parallel to historic workings over unbroken ground. Curiously Brightstar picked up the connecting ground within the lucrative Laverton gold belt for just $10,000 cash.