Public Company News

Askari Metals has confirmed lithium mineralisation through laser-induced breakdown spectroscopy of rock chip samples at its Red Peak pegmatite project approximately 130 kilometres northwest of Meekatharra. Assay results from the recent rock chip sampling program across eleven significant pegmatites are expected back from the lab within the next week with a follow up gridded rock chip sampling program also planned to commence within the next week.

Infinity Lithium has entered a memorandum of understanding with global engineering titan, thyssenkrupp BU Mining to gauge the potential for green hydrogen to power a lithium chemical conversion process at its proposed San José lithium project in Spain. A recent scoping study evaluating underground mining and downstream lithium hydroxide production at San José envisaged 19,500 tonnes of annual battery grade lithium hydroxide production over 26 years.

Venture Minerals’ South West Nickel-Copper-PGE project that Chalice Mining has referred to as a Julimar “look-a-like” is starting to take shape. JV partner Chalice has unearthed multiple targets at the project and in doing so it has now completed stage one of its joint venture expenditure commitment with Venture. The agreement between the parties requires Chalice to spend a minimum of $300,000 on exploration activities at the South West project by the 30th of November 2021.

Panther Metals is set to hit the ASX with $5 million in the tin following an IPO that will focus on a plethora of walk-up targets at its nickel and gold assets in WA and the NT that look like they are begging to be drilled. London listed parent company, Panther Metals Plc, will spin out its Australian assets into the soon to be listed Panther Metals Ltd .

Brightstar Resources has received a flurry of significant gold assay results from recent drilling to the north along strike from a historical open pit mine at its Cork Tree Well prospect near Laverton in WA. Significant assay results returned from shallow RC drilling include a 16 metre hit grading 3.26 grams per tonne gold from 112m downhole and 12m going 4.25g/t gold from 131m downhole.

Kula Gold has successfully intersected multiple, thick kaolin sections at its Boomerang Kaolin prospect at the company’s Marvel Loch-Airfield gold project near Southern Cross where drilling is ongoing. Logging of 25 RC drill holes to date shows an average vertical thickness of 30m of white kaolin clays that start from approximately 6.5 metres vertical depth.

Valor Resources has unveiled a clutch of copper drill targets at its Picha copper and silver project in southern Peru courtesy of an ongoing ground geophysics program. According to the company, the geophysical anomalies correlate with surface mineralisation at the project and potentially point to mineralisation at depth. Valor is now planning a drilling campaign that will look to test the newly identified targets.

Things are moving fast for West Australian focused gold explorer, BMG Resources with diamond drilling at its Capital prospect near Wiluna intercepting multiple wide zones of alteration in lodes interpreted to host high-grade gold. Recent RC drilling at the prospect, located at the company’s Abercromby project, returned several eye-catching results including a scintillating 26 metre intercept grading 6.07 grams per tonne gold from 192m.

King River Resources’ newly commissioned laboratory scale pilot plant is off to a flying start after it delivered an ultra-high purity aluminium precursor compound for application in the lucrative lithium-ion battery industry. The company says an inaugural run of the plant using its proprietary “ARC” processing technology delivered a 99.9995 per cent purity “Type 1” precursor product.

Newfield Resources is pulling out all stops at its Tongo mine development in Sierra Leone as it gets set for a first run of diamonds. 845m of underground has now been dug and a return air way shaft is getting tantalisingly close to its targeted level. The Kundu decline is about to access the first mining level with services such as power, air and water pump stations constructed along the way.

Aurum Resources is getting set for a gold drilling blitz on two fronts in WA early in the new year. The explorer has slated up to 6000m of RC drilling at its Penny South project that sits adjacent to Ramelius Resources’ Penny North deposit where 306,800 ounces grading a remarkable 16.8 g/t gold have been defined. It also plans to drill-test its Ryan’s Find project north-east of Southern Cross.

Memphasys has successfully collected data from approximately 240 horse inseminations to test its novel “SAMSON” stallion fertility diagnostic device that may cut sperm diagnosis times down to a rapid 15 minutes. SAMSON measures the quality of semen and predicts the likelihood that it will achieve a pregnancy. Currently there are no other similar devices on the market and a 14 day wait is required to check for pregnancy through ultrasound.