Public Company News

Strickland Metals has sewn up the acquisition of strategic ground-holdings abutting its flagship Horse Well gold project in WA that increases its footprint in the Yandal greenstone belt in the north-eastern Goldfields. The company completed the deal to purchase a 75 per cent stake in the Yandal East gold project tenements from Renegade Exploration for a consideration of 40 million new Strickland shares and $800,000 cash.

ASX-listed junior precious and base metals explorer Godolphin Resources is set to kick off a follow-up reverse circulation drilling program at its high-priority Lewis Ponds project in the New South Wales Lachlan Fold Belt region’s Lachlan Transverse Zone next week following encouraging gold sniffs from an initial round of resource definition diamond drilling.

ASX-listed Galan Lithium is consolidating its position in South America’s prolific “Lithium Triangle”, executing a binding option agreement with a private Argentinian landholder to earn a 100 percent interest in the Casa Del Inca III lithium brine tenement. The land package strategically abuts Galan’s Hombre Muerto West project. A further 900 hectares is also available under the agreement.

Infinity Lithium is edging closer to producing battery-grade lithium hydroxide from its 75 per cent owned San Jose lithium project in Spain with feasibility study metallurgical testwork advancing to the final “crystallisation” stage of the planned process flow sheet. Infinity recently entered a memorandum of understanding with leading lithium-ion battery producer, LG Energy Solutions, on potential long-term supply of battery-grade lithium hydroxide.

Element 25’s maiden shipment of manganese concentrate from its Butcherbird operation in WA has left Port Hedland, marking a stunning development pathway to production time frame of a little over a year from an initial PFS to exporting first commercial ore. The company’s first load of about 27,000 tonnes of manganese concentrate aboard a Handymax-size vessel departed Utah Point bulk handling facility yesterday.

Venus Metals and joint venture partner Rox Resources appear to have confirmed significant open-pit mining cost savings for the proposed shallow, high-grade Grace gold deposit near Mount Magnet in Western Australia’s Murchison district. Grace forms a part of the duo’s 1.66-million-ounce Youanmi gold resources that the partners are looking to bring into production.

AVZ Minerals has unveiled a 41.6 per cent increase in the proved and probable ore reserves for the centrepiece Roche Dure deposit at its monster Manono hard-rock lithium and tin project in the DRC. Reserves now stand at 131.7Mt at average grades of 1.63 per cent lithium oxide and 990 g/t tin, up from 93Mt at 1.58 per cent lithium oxide and 988 g/t tin.

ASX-listed Infinity Lithium says the Spanish government has approved a “historical funding package” of €4.3 billion through to 2023 aiming to transform the nation into a European electric vehicle production hub. Infinity is looking to provide critical raw materials for production of lithium-ion batteries used in electric vehicles from its 75 per cent owned San Jose lithium project in Spain.

ASX-listed Alaska oil and gas explorer 88 Energy says it is on track to present the market with a full appraisal of results from Merlin-1 well testing at its Peregrine project early next month after being “highly encouraged” by latest preliminary hydrocarbon indications. The company is targeting more than one billion barrels of oil resources in the Peregrine field.

ASX-listed Horizon Minerals has tabled an updated mineral resource for the joint-ventured Penny’s Find gold project in Western Australia’s Eastern Goldfields as it eyes a start to toll ore processing from the high-grade gold asset in the March quarter next year. The satellite underground deposit hosts an indicated and inferred resource of 250,000t at 5.22 g/t for 42,000 ounces of contained gold.

Geophysical surveying that accurately mapped known sulphide mineralisation at Si6 Metals’ Maibele North project in eastern Botswana has also defined several new nickel-copper sulphide targets along strike from, and below, the project’s 2.38 million tonne resource grading 0.72 per cent nickel and 0.21 per cent copper. Si6 is considering a drill campaign to test the new targets.

New ASX listing Askari Metals has secured a drilling contractor to undertake a maiden reverse circulation drilling program at its Burracoppin gold project in Western Australia. Planned drilling is designed to test several high-grade historical results and artisanal workings. The company is cashed up after recently raising close to $6 million as part of its initial public offering.