Public Company News

Aldoro Resources has added to its exploration target list in Western Australia, with recent geophysical surveying over its tenure on the Narndee Intrusion, east of Paynes Find, lighting up new drill targets. Moving loop electromagnetic surveys over the ground to the east of its VC1 prospect has highlighted two prospective sulphide conductors, with three-dimensional modelling providing additional targets for current drilling programs.

ASX-listed Ardiden Limited has secured a $500,000 improvement in the terms of its divestment of up to 80 per cent of its hard-rock lithium projects in north-west Ontario, Canada, to ASX hopeful Green Technology Metals. The duo will form a joint venture partnership that will see Green Technology buy the stake under a staged-payment structure for $9.2 million.

Perth-based explorer Venture Minerals has increased its footprint in Western Australia’s emerging western Yilgarn nickel-copper-PGE province, through the strategic earn-in acquisition of highly prospective tenure south of the company’s Kulin project. Kulin sits along strike of the Jimperding metamorphic belt that hosts Chalice Mining’s high-profile Julimar nickel-copper-PGE discovery.

ASX-listed Si6 Metals expects to wrap up its acquisition of the Monument gold project in Western Australia’s Laverton district before the end of next month after exercising a long-held option with DiscovEx Resources to purchase the large land package in one of the world’s most prolific gold producing areas.

Kairos Minerals could be set for some significant milestones with results pending from about 15,000m of gold drilling at its Mt York and Kangan projects in the Pilbara region of Western Australia. The company is looking to grow Mt York’s existing 873,000-ounce resource base, whilst at Kangan it is seeking to uncover an intrusion-hosted gold deposit similar to the nearby 6.8-million-ounce Hemi gold discovery.

Western Australia explorer Zuleika Gold has delivered a bevy of high-grade gold intercepts from its recent round of drilling at the Paradigm East discovery, north-west of Kalgoorlie. Deeper reverse circulation drilling has returned 10 metres at 2.53 grams per tonne gold from 51m and 4m at 4.93 g/t which includes an impressive 1m at 18.48 g/t from 72m down-hole.

ASX-listed junior explorer Aruma Resources says it is finally “locked and loaded” and ready to set off an avalanche of drilling starting in August at its pipeline of key projects in Western Australia after securing a series of state regulatory approvals for its planned programs. The company plans to punch out an impressive total of about 9,000m of reverse circulation drilling across its quartet of assets.

King River Resources has delivered several batches of a 5N high-purity precursor compound used to produce 4N high-purity alumina through its innovative and proprietary ARC process. The company plans to become a producer of 4N high-purity alumina and has launched a definitive feasibility study into its proposed operation at Kwinana in Western Australia after tabling some stellar numbers in a recent pre-feasibility study.

ASX-listed Conico Limited saw its share price double in intra-day trading this week after the first drill hole at its 100 per cent owned Ryberg base and precious metals project in Greenland hit a 54.88m interval of significant sulphide mineralisation. Drilling is targeting three modelled electromagnetic plates said to be prospective for magmatic sulphides at the Miki prospect, where surface grab samples returned elevated copper, nickel, palladium, cobalt and gold.

Kingwest Resources has teased out tantalising gold intersections from drilling beyond the current pit shell limit for one of the key deposits at its multi-deposit flagship Menzies gold project in WA. The company’s extensional drilling at the Yunndaga deposit returned impressive assays of 7m grading 5 g/t gold from 163m including 3m at 10.6 g/t and 5m at 2.35 g/t from 100m including 1m at 7.55 g/t.

ASX-listed 3D printing specialist Aurora Labs has officially opened its new head office premises in the Perth suburb of Canning Vale, Western Australia, from where the company will continue its push to bring a new generation 3D laser printer for industrial metal components to the market. The company has said the move will enable it to achieve long-term cost savings of up to $240,000 a year.

Horizon Minerals has racked up a pile of high-grade gold hits from infill and extensional drilling at its Kalpini project about 65km north-east of Kalgoorlie in WA. The company’s drill program returned better intersections of 12m grading 5.57 g/t gold from 203m including 2m at 12.92 g/t from 211m and 5m going at 10.21 g/t from 70m including 1m at 28.83 g/t from 72m.