Public Company News

ASX-listed Coda Minerals is narrowing in on a highly prospective 2km long copper-gold mineralised corridor at its Cameron River project near Mt Isa in Queensland. Systematic rock chip sampling over the Copper Weed and Rebound prospect areas have returned a bevy of high-grade results including 22.2 per cent copper and 2.74 g/t gold along with identifying several new targets.

Gold explorer, Torian Resources has upped the ante at its Mt Stirling gold project near Leonora in WA after early-stage auger vacuum drilling unveiled a 1km long gold zone, some 1.5km from its 100,000 ounce Mt Stirling gold deposit. The next day, about 10km further south, the company unearthed a bumper grade gold discovery with drilling intercepting 2m at a cracking 12.18 g/t gold.

Horizon and Metal Hawk have signed an interesting nickel rights option agreement on 12 tenements adjacent to Horizon’s Cannon gold project area approximately 20km east of Kalgoorlie. The agreement sees Horizon pick up an initial 1.5m shares in Metal Hawk with the option of another 3m more shares within 18 months and Metal Hawk taking up an option over the potentially lucrative nickel rights.

Barton Gold has revealed more stunning gold intercepts from its final 29 holes of the last drilling program at the Tarcoola gold project in the central Gawler Craton of SA including 5m at 48.9 g/t gold. The hits continue a run of success following the recent gold discoveries around the northern edges of the Perseverance pit and the gold zone discovered at Perseverance West last year.

Empire Energy is preparing to capitalise on the surging gas market after inking a transportation services memorandum of understanding with APA Transmission, a wholly owned subsidiary of APA Group. Under the agreement, the duo will explore opportunities to develop mid-stream infrastructure in the Beetaloo Sub-Basin to support the transport of hydrocarbons from Empire’s assets in the Northern Territory.

Mineral exploration company, Podium Minerals has commenced drilling two deep diamond holes to 750m to test for depth continuity of its flagship Parks Reef PGM deposit near Meekatharra in WA. The company recently delivered an updated mineral resource estimate for the project clocking in at a head-turning 40.2 million tonnes going 1.54 g/t 3E PGM for 2.2 million ounces of contained platinum, palladium and gold.

ASX newcomer, Tambourah Metals has launched an airborne gravity survey at its Julimar North project in the Wheatbelt region of WA. The survey will look to unveil ultramafic rocks prospective for nickel, copper and PGE mineralisation akin to Chalice Mining’s spectacular Julimar discovery nearby. The explorer recently pocketed $8m from an IPO for its listing on the ASX.

Middle Island Resources has been quietly beavering away, pulling together a swag of new gold prospects and a 2km long nickel anomaly at its Sandstone project in Western Australia. It has also increased its footprint around the newly discovered Crosswinds copper prospect in the Northern Territory.

88 Energy looks set to tap its Merlin-2 well that it says is prospective for some 652 million barrels of oil, after inking a deal with Doyon Drilling to use the company’s Arctic Fox rig to test the well at its Project Peregrine in the North Slope of Alaska. The company says the appraisal well has been independently assessed to have a geological success rate of 56 per cent.

ASX-listed Neometals and its joint venture partner, mega German engineering firm, SMS Group, have successfully completed commissioning of their showcase lithium-ion battery recycling demonstration plant. All leaching, purification and recovery circuits of the “Stage 2” hydrometallurgical refinery have now been successfully wet commissioned. The plant trial on electric vehicle batteries will commence as scheduled in early November.

Surefire Resources has kicked off two separate phases of RC drilling that intersected broad zones of sulphides at its Yidby Road gold deposit near the 1.1-million-ounce Minjar gold project in WA. The company peppered Yidby with 22 RC holes totalling 2,298m with a view to extending the existing Yidby deposit. Previous hits at the deposit include 40 metres going 3.01 grams per tonne gold from 24m.

Si6 Metals wasted no time smashing through 4,198m of government co-funded drilling at its Monument gold project in Laverton where 50 per cent of direct billing costs, up to $75,000 will be reimbursed to Si6 by the WA Government. Of the 126 holes drilled, 50 holes intersected the targeted high-level felsic intrusive rock suite analogous to the seven million ounce Wallaby Gold Deposit, also in the Laverton Tectonic Zone.