Public Company News

Si6 Metals has unearthed promising hints of gold from an air core drilling blitz across a plethora of underexplored targets at its Monument gold project. The company is on the hunt for bulk-tonnage, syenite or ‘intrusive' igneous rock-hosted gold mineralisation similar in style to the geological setting hosting Gold Field's nearby seven-million-ounce Wallaby gold deposit, also in the Laverton Tectonic Zone in Western Australia.

St George Mining has identified five new nickel copper targets at its Mt Alexander project. The company said the conceptual targets are large and compelling, with little or no previous drilling. Seismic surveys are to be expanded to cover the new zones. Infill and extensional diamond drilling is also aiming at known, high-grade mineralisation in a bid to expand the Investigators and Stricklands deposits.

West Australian iron ore player CZR Resources has received more assays that seemingly support its strategy to grow mine life and production rates at its Robe Mesa iron ore project in the west Pilbara. The company says the project is poised for significant growth as the latest assays continue to reveal extensive direct shipping ore mineralisation from the surface and outside the resource area.

Podium Minerals has returned a set of exciting values in a re-assay of historic platinum group element intercepts that confirm high levels of rhodium and iridium mineralisation at its Parks Reef PGM project in WA. Assay results from 31 historic holes for over 700 samples confirm high-grade and high-value rhodium levels with more than 2,100 samples still awaiting assay results.

Neometals continues to lead from the front in the developing battery-chain supply network, sinking US$500,000 into private US battery start-up, Tyfast Energy Corp. A spin-off from the University of California, San Diego, Tyfast is the keeper of a proprietary vanadium-based anode technology set to drastically reduce charging times without compromising the high-energy density found in state-of-the-art lithium-ion batteries.

Coda Minerals is finding further potential at its flagship Elizabeth Creek copper project in SA's world-class Gawler Craton. The latest drill hole intersected a distinct copper-rich zone, indicating a possible southeast expansion of the interpreted IOCG mineralisation. It says a geologically distinct, copper-rich ‘bornite' dominated zone was intercepted and an independent re-evaluation of the emerging area demonstrates its potential for more.

Infinity Lithium is on the front foot in developing the skills it will need as it pushes forward with developing its San José industrial lithium processing project near the Spanish city of Cáceres. The company has signed a collaboration agreement with the Extremadura Electric Mobility Cluster and the local business association LOABRE to provide training for local members within the framework of renewable energies.

Torian Resources has racked up additional significant gold intercepts that extend the resource boundaries at the company's flagship Mt Stirling project just 8km from Red 5's King Of The Hills gold mine in WA that has produced more than one million ounces of gold. Significant drill results recently returned include 33 metres grading 1.78 grams per tonne gold from 196m downhole.

Having just received the keys to its Sandstone project in Western Australia, gold developer Aurumin Limited is gearing up to begin systematically exploring with an initial round of auger drilling. The vehicle-mounted program, due to kick off next week, is designed to build on five near-mill targets handed over from the previous owner – plus test a further 36 targets generated by the company.

Aurum Resources has submitted its samples for assay from a maiden 18-hole drill program at its Penny South gold project located on the same interpreted structure as the Ramelius Resources owned Penny West and Penny North deposits in Sandstone, Western Australia. The company has opted for the fast-track photon assay process that cuts turnaround times from 6-12 weeks to just two.

In a win for minor shareholders of successful mineral sands producer Image Resources, board members have seen off an attempt by large Chinese backed activist shareholder Murray Zircon Pty Ltd to dispense with directors who delivered almost $20m profit for the company last year. Ninety-six per cent of voting shareholders voted against the six spill motions albeit the vote was close given Murray Zircon's substantial holding.

ASX-listed Meeka Gold appears to be unlocking more rare earths potential at its Circle Valley gold project 95 kilometres north of Esperance in Western Australia. The explorer says it has now defined ionic adsorption clay mineralisation over an area of 7km by 5km, yielding higher than 300 parts per million total rare earths oxides.