Public Company News

New kid on the ASX block, Askari Metals has high-jumped into its planned work program at the Callawa copper project with a detailed mapping and sampling campaign across its highly prospective Pilbara tenements in Western Australia. The company’s 100 per cent owned Callawa tenure covers 167 square kilometres in the Pilbara’s north, east of Rio Tinto’s famed Winu discovery.

Kairos Minerals has added a major new nickel-copper and gold target at its 100 per cent owned Roe Hills project east of Kalgoorlie in Western Australia. Extensive geochemical sampling has defined a 1km nickel-copper anomaly with values going as high as 3,120 parts per million nickel. In addition, possible gold extensions to mineralisation at the Caliburn prospect have been identified.

Kula Gold continues to tick boxes in its exploration efforts in Western Australia with SEM imaging confirming the qualitative nature of its halloysite over a 10m interval that graded an impressive 7 per cent halloysite at its exciting Boomerang discovery near Southern Cross. Elsewhere, the company has beefed up its Brunswick tenure east of Bunbury with acquisition of the historical Donnybrook gold mine.

Anglo Australian Resources has tabled an impressive 33 per cent increase in the mineral resource estimate for its flagship Mandilla gold project in WA. Mandilla now boasts a JORC resource of 19.8 million tonnes at 1.0 gram per tonne gold for 664,600 ounces of contained gold. The company already has the rods turning again as it embarks on the next massive 55,000m drilling blitz.

ASX-listed junior gold and base metals explorer Godolphin Resources has uncovered a triumvirate of new gold prospects at its Lewis Ponds project 15km east of Orange in the venerated Lachlan Fold Belt region in NSW following a review of historical exploration data generated by rock chip and soil sampling. The company says the targets sit outside the current limits of the Lewis Ponds mineral resource.

Perth-based gold miner and explorer Wiluna Mining can add nickel explorer to its growing resume as it embarks on an extensive review of historical exploration over its 1,600 square kilometre landholding in WA’s Northern Goldfields. Wiluna’s tenure stretches across 40km of strike in the Wiluna Greenstone Belt where the company is reviewing a plethora of high-grade nickel intercepts which look to be begging for renewed attention.

ASX-listed Horizon Minerals and its joint venture partner have taken the next major step towards developing their Richmond-Julia Creek vanadium project in north-west Queensland after fine-tuning last year’s pre-feasibility study on the proposed long-life project development. Perth-based Horizon and Richmond Vanadium Technology have now committed to a definitive feasibility study that is slated for completion next year.

ASX-listed Okapi Resources has uncovered a 2-kilometre-long lithium target from a recently completed soil program at its newly acquired Lake Johnston project 450km east of Perth in Western Australia. Lithium in soil results have graded up to 86 parts per million and bear strong similarities with nearby results recently announced by joint venture partner Charger Metals at the adjoining Mount Day project.

St George Mining has kicked off a swag of drilling at its flagship Mt Alexander project in Western Australia. Early-stage targets will be tested with a seven-hole program at the newly minted Carnac prospect and 20 high-priority infill holes will also be ploughed into St George’s Cathedrals JV with an eye to a potential resource estimate being produced.

Australian Bauxite is building on the intriguing recent discovery of rare earth element accumulations within its Tasmanian bauxite project. New assay results have significantly increased the extent and thickness of rare earths enrichment with new mineralised zones trending to the north and south. The drill rig is rapidly being upgraded in readiness for drilling the possible source rock that lies to the northeast of the high-grade zone.

ASX-listed junior explorer Askari Metals has completed its inaugural reverse circulation drilling program as it seeks to determine the prospectivity of its Burracoppin gold project in historically worked fields about 20km east of Merredin in Western Australia’s eastern Wheatbelt. The company is now waiting with anticipation on the assay results due in four to six weeks.

Things just got interesting in 88 Energy’s oil hunt at its Project Peregrine in the revered North Slope of Alaska with post-well evaluation of the Merlin-1 well demonstrating the presence of oil in three reservoirs. Results from the well have led to a targeted mean total prospective resource at the project of a whopping 1.6 billion barrels of oil. An appraisal well is now on the cards.