Public Company News

Trigg Mining has launched a gravity survey over its Lake Yeo sulphate of potash fertiliser project in WA. Via the survey, Trigg seeks to pinpoint drill targets and evaluate the project’s potential to represent a repeat of its nearby Lake Throssell potash deposit where a 21 year mine life generating $97m a year in EBITDA was recently estimated in a scoping study.

Venus Metals Corporation has tabled another batch of high-grade drill strikes adding to the company’s rapidly growing gold resource at its Link prospect within the Youanmi joint venture gold project in WA. Significant results from the latest round of resource drilling include a 3 metre hit grading 9.35 grams per tonne gold from 182m, 2m at 12.59 g/t gold 235m and 2m going 7.93 g/t gold from 279m.

Image Resources will pay $24m for Sheffield Resources’ 211 million tonnes of mineral resources grading 3.0 per cent total heavy minerals for 6.3 million tonnes of contained total heavy minerals. Image now has a binding agreement to pick up around eight exploration licences, three mining leases and one retention licence from Sheffield that will see the mineral sands miner effectively double its existing resource.

Kingwest Resources has drilled 107 holes at its Sir Laurence gold discovery near Menzies with significant “bedrock” mineralisation reported on every line over a 1km trend that remains open along strike and down dip. Diamond coring operations have commenced with initial results expected before Christmas. The company anticipates assays from a remaining 63 holes will also arrive in time for some holiday cheer.

Exploration company, Tambourah Metals is getting set to pump out the drill metres at its namesake gold project and its Cheela gold project in the Pilbara region after securing relevant ‘programme of work’ approvals from the WA Government. Historical drilling at the company’s Tambourah project returned multiple high-grade intercepts including a sublime 10 metres at 10.8 grams per tonne gold and an impressive 8m at 13.6 g/t gold.

Kalgoorlie Gold Mining has nailed a grab bag of wide, shallow gold intercepts in its first up drill program at the company’s flagship Bulong Taurus prospect just 35 kilometres east of Kalgoorlie. Notable intercepts include a thick 18 metre hit grading 1.23 grams per tonne gold from just 1m downhole, 10m going 1.29g/t from 23m and 10m at 1.16g/t gold from 52m.

AVZ Minerals has joined the newly established DRC Battery Council creating a strategic opportunity to promote battery, electric vehicle and renewable energy sector development in the DRC and Africa. AVZ was the only aspiring mining company invited to join the DRC Battery Council that is presided over by influential leaders including the President of the DRC.

Junior explorer, Victory Mines has unleashed the drill rig for a 3,000 metre drilling romp as it looks to grow the already hefty one kilometre mineralised strike extent already defined at its Coogee gold and copper project near Kalgoorlie in WA. The company’s fourth phase of drilling at Coogee will follow up on recent high-grade gold hits including 4m going 9.34 grams per tonne gold.

Shares in Altech Chemicals soared by 50 per cent in intraday trading Thursday after the ASX-listed company delivered a breakthrough in utilising silicon in lithium-ion batteries. Altech says it has broken the “silicon barrier” by successfully applying its proprietary coating technology to produce a series of lithium-ion battery anode materials with a 30 per cent higher retention capacity than existing anode materials.

Si6 Metals has unlocked a flurry of new high-quality untested anomalies through interpretation of recent audio frequency magnetotelluric survey data at its Maibele base metals project in Botswana. The company is utilising a variety of ground geophysical techniques designed to target deeper mineralisation that it plans to test with RC and diamond drilling once required approvals are in place.

Valor Resources has extracted a handy $5.4m from the market to throw at its Canadian uranium projects as it ramps up exploration activities amid strengthening uranium prices. The Perth-based explorer is knee deep in a flurry of exploration activities as the uranium price is spurred on by increased global demand for yellow cake.

Godolphin Resources has unveiled a suite of previously overlooked mixed metals and significant gold from a re-interpretation of soil samples pulled from its Lewis Ponds gold project in NSW. The company says its latest venture has led to the identification of more gold with coincident copper, barium, bismuth, molybdenum, tellurium and lead south of its main mineral resource.