Public Company News

Lithium Universe has partnered with a research-focussed Canadian engineering school, Polytechnique Montreal, to drive innovation in lithium processing in the country and increase local expertise in battery metals to improve its supply chain. The initial five-year deal, outlined in a memorandum of understanding, will focus on three key areas: industry education, curriculum development and R&D collaboration.

Horizon Minerals has launched its second gold mine, kicking off ore processing at its Phillips Find project, 45km northwest of Coolgardie in WA. Mining at the Newminster and Newhaven pits is well underway, with more than 800,000 cubic metres of material now shifted to the ROM pad. The first 40,000t have been trucked to FMR Investments' Greenfields mill, where processing will begin next week on a two-week turnaround.

Estrella Resources has received some stunning assay results from rock chip sampling from two in-situ supergene manganese discoveries at its Lautém project in Timor-Leste, with grades up to a striking 58.6 per cent manganese. Bulk determinations for detrital material accumulated on valley floors average a whopping 40.1pc manganese.

Askari Metals has pumped up its gold resource by 28pc to 82,700 ounces grading 1.2g/t at its Burracoppin project in the WA Wheatbelt, winning over market punters who pushed up the price earlier today by more than 100pc. Due to a booming gold price, the company says it has fielded significant enquiries for the project, which sits 20km east of Merredin.

Uranium American Resources is making a strategic pivot from its gold-silver focus in the US State of Nevada under its old Tonogold Resources shingle, with a rebrand reflecting the company’s greener uranium and vanadium focus. The company last year acquired three low-risk west-central US projects known for their historic uranium and vanadium production, which are also close to relevant mines and processing plants.

Red Metal’s latest infill drilling program has unearthed thick intersections of valuable magnet rare earths at the Kary zone within the company’s Sybella project, 20km from the Queensland mining town of Mount Isa. Multiple long intervals up to 162m thick containing the four magnet metals were encountered from surface or shallow depths from the infill drilling, with many holes ending in mineralisation.

Lithium Universe has inked a non-binding memorandum of understanding to exclusively supply a key cement additive to Canada’s biggest cement manufacturer, Lafarge Canada. Aluminosilicate is made up of silica, aluminium oxide and ferric oxide and will be a secondary byproduct from the lithium carbonate production circuit at Lithium Universe’s planned Bécancour refinery in Quebec.

This edition of Bulls N’ Bears Big Hits examines some notable drill intercepts revealed on the ASX, including Tanami Gold’s Central Tanami project in the Northern Territory, which intersected 3.80m at 268.34g/t gold from 317m. James Bay Minerals’ Independence gold project in Nevada, Lode Resources’ Montezuma antimony project in Tasmania and Titan Minerals’ Dynasty gold-silver project in Ecuador also reported interesting drill hits.

Javelin Minerals has struck high-grade gold and copper in a maiden drilling program at its Coogee project in Western Australia’s Eastern Goldfields, 20km northeast of Kambalda, hitting grades of up to 65 grams per tonne gold and 8.5 per cent copper. The 2921m drilling program has extended the strike beyond one kilometre, expanding the resource northward and at depth.

The Supreme Court of Western Australia has given the much-anticipated $30 million scheme of arrangement between Kalgoorlie-based Horizon Minerals and Poseidon Nickel the final tick of approval. The deal paves the way for Horizon to pick up Poseidon's 422,000-tonne contained nickel resource and its mothballed Black Swan nickel processing plant 40km east of Kalgoorlie which the company says would cost $150 million to replace.

Kalgoorlie Gold Mining’s share price rocketed today to touch 8.9c for a weekly gain of 456pc after a new gold discovery at the company’s Pinjin project, within WA’s renowned Laverton gold region. The new Lighthorse gold zone returned assays of 17m grading 4.81g/t from a depth of 48m and 4m at 4.72g/t from 52m.

This week’s Bulls N’ Bears Runner of the Week is… Kalgoorlie Gold Mining. The company’s share price rocketed after a new discovery at its Pinjin gold project in WA. OzAurum Ltd found more gold at its Eastern goldfields WA project, AusQuest Ltd got another boost after confirming its Peruvian copper find and EQ Resources got a lift from China restricting exports on tungsten-related products.