Public Company News

Novo Resources has unveiled a suite of gold-copper and nickel-copper-cobalt targets in the West Pilbara region of WA. The company is now progressing EM surveys to advance its latest findings.

Gold developer, Calidus Resources is set to unleash the rig for a regional gold search aiming to grow its existing 1.7 million ounce resource base in the Pilbara region of WA. The company will drill-test multiple greenfields targets near its Blue Spec resource and in proximity to its multi-deposit Warrawoona project that is set to churn out 90,000 ounces of gold per annum from next year.

Meeka Gold has delivered a compelling scoping study evaluating the proposed production of gold at its Murchison project in WA. According to the company, it will pocket $457m over 8 years for a net present value of $124m. Significantly, the project has an IRR of 46 per cent and the company says it could advance the value of its project through systematic exploration.

Empire Energy could be gearing up for a busy end of year after its in-progress Carpentaria-2 well sniffed out a suite of thick liquid rich gas shales across four stacked Velkerri Formation pay zones in the vertical section of its Beetaloo Sub-Basin ground. The company is now set to tap the middle Velkerri B shale by drilling the horizontal section of the Carpentaria-2H well.

WA-focused nickel explorer, St George Mining has unveiled a large, compelling nickel-copper sulphide target beneath its Investigators prospect located at its Mt Alexander project in the north-eastern Goldfields. Previous drilling at the prospect delivered multiple shallower intercepts including a cracking 8.49m going 5.8 per cent nickel and 2.6 per cent copper from 183.9m. The company now plans to drill-test the deeper priority target early next year.

Mineral exploration company, PolarX has wrapped up a quartet of significant exploration programs in as many months at its Caribou Dome copper project in Alaska and its Humboldt-Range gold-silver project in Nevada. The company has confirmed visual mineralisation across a number of exploration programs and assays are now pending and will be highly anticipated across all four programs.

Superior Resources has intersected sulphide mineralisation in its first two drill holes targeting a large, induced polarisation anomaly at the company’s Bottletree Copper prospect within its Greenvale project in Queensland. The company believes it may be onto a potential porphyry system west of the induced polarisation anomaly indicated by an enormous 1.5 kilometre by 1km intense copper and gold soil anomaly coincident with a large magnetic feature.

Galan Lithium has tabled a stunning set of numbers in an economic assessment study that shows its Candelas lithium brine project in Argentina will make A$265m a year for 25 years for a net present value of A$1.7b at today’s USD exchange rates. The economic evaluation of Candelas adds to Galan’s nearby Hombre Muerto West lithium brine project where a 40 year mine life has already been envisaged.

Torian Resources will look to up the ante at its Mt Stirling Gold project near Leonora in WA after the first its batch of drill results from a 17,500 metre drilling campaign drew some enviable results. Hits from drilling at the Estera Lode at Diorite North included a 3m intersection grading 9.46 grams per tonne gold from 37m.

Strickland Metals has nailed its first pass drilling campaign at its Dusk til Dawn prospect in WA with a stellar first up result of 33m going 3.6 g/t gold. Strickland believes the maiden drill results confirm its new mineralisation modelling that could potentially boost the 109,000 ounce gold resource discovered by previous owners. It says up to 20 lookalike targets have now also been identified nearby.

Blackstone Minerals has intersected copper-nickel-cobalt massive sulphides in its first pass drill hole targeting a large, induced polarisation anomaly at its 100 per cent owned Jewel prospect in British Columbia. Significant copper, nickel and cobalt mineralisation has been confirmed by portable XRF examination of the diamond drill core and follow-up drilling is being planned to target extensions of the mineralisation discovered in the first drill hole.

Comet Resources has managed to produce industry standard “spherical graphite” in tests designed to determine if its Springdale Graphite Project in WA can supply graphite for lithium battery anodes. Following on from testing in 2019 and 2020, Comet says it has now navigated this challenge and the latest process has increased the yield of spherical graphite from 40 per cent to 60 per cent.