Public Company News

Todd River Resources plans to get busy on the ground this quarter at its Nerramyne project in WA’s Murchison region after applying for further ground next to its large, granted exploration licence covering a 40km-by-6km copper soil anomaly. The company says a newly defined mafic intrusive will be one target worth investigating further in the expanded Nerramyne project area.

Kula Gold has dished up thick, shallow hits of bright white kaolin from a maiden drilling program at its 100 per cent owned Airfield project near Southern Cross in Western Australia. All three holes hit kaolin clay zones averaging 42m thickness from just 5m below surface, sending the company’s share price soaring by over 50 per cent in morning trading.

Sihayo Gold has clocked up more encouraging gold intersections from a diamond drilling program at its brownfields Sihayo gold project in North Sumatra, Indonesia. The pick of the assays from the latest seven holes at the Sihayo-2 prospect for which the company received results were 5m at 1.17 g/t from 25m, 3m going at 0.79 g/t from 4m and 4m at 0.76 g/t from 16m.

ASX-listed Calidus Resources has an eye firmly on becoming Australia’s next gold producer. With “rapid progress” made on several fronts in recent weeks the company says construction at its Warrawoona gold operation in WA’s Pilbara is now 40 per cent complete ensuring it is well on track for its first gold pour in the first half of next year.

Twenty Seven Co has defined three broad areas of anomalous gold mineralisation at its Yarbu gold project north of Southern Cross in Western Australia, with one zone coming in it at a hefty 1.9km-by-1.4km. The company plans to drill-test the new targets located along the Marda-Diemals Greenstone Belt that also hosts Ramelius Resources’ 280,000-ounce Marda gold project to the south.

Barton Gold has started a new geophysics program at its Tarcoola gold project in SA as it looks to hone the recently interpreted regional structural model for the brownfields project. The company says the ground penetrating radar survey will be aimed at priority targets identified last year as favourable for potential repeats of the mineralisation and auriferous structures at the nearby former high-grade Perseverance gold mine.

Perth-based biotechnology company PharmAust has clinched an agreement with the Walter and Eliza Hall Institute for research into the effectiveness of its monepantel drug against a cancer-inducing virus in humans. The research raises hopes for an effective treatment for 10-to-20 million people worldwide infected with the HTLV-1 virus, which causes pulmonary disease, inflammatory disorders and, in some cases, leukaemia or lymphoma.

Legend Mining continues to grow the mineralised intrusion at its Mawson nickel-copper-cobalt find in the Fraser Range of Western Australia with further sulphide intercepts including an 11m hit going 1.02 per cent nickel and 0.61 per cent copper, several hundred metres away from the discovery zone. A new intrusion some 2km south of Mawson has also been identified as downhole electromagnetic modelling defines further targets.

ASX-listed Galan Lithium has continued its strong sharemarket rise this year on the back of impressive new results from testing aimed at showing it can produce high-purity battery grade lithium carbonate from its flagship Hombre Muerto West lithium brine project located in Catamarca, Argentina.

Okapi Resources has secured a package of brownfields uranium assets in the US via an all-scrip “transformational” acquisition of Australia-based Tallahassee Resources. The company will pay the vendors of Tallahassee Resources 33.5 million new Okapi shares and 16.75 million options as consideration for the deal and inherit 100 per cent of the mineral rights over the Tallahassee uranium project tenure in Colorado’s Tallahassee Creek uranium district.

Estrella Resources has served up a 26.3m drill intercept grading 0.73 per cent nickel and 0.4 per cent copper from 361m at its exciting T5 discovery near the historical Carr Boyd Rocks mine north of Kalgoorlie in Western Australia. Two other holes also hit a broad zone of nickel-copper sulphides as drilling to test the extent of mineralisation continues.

ASX-listed Troy Resources has reported promising reverse circulation drilling results from its Gem Creek prospect, north of the company’s 100 per cent owned Karouni gold operations in Guyana. Notable shallow drill hits such as 1m grading 7.5 grams per tonne and 5m at 5.36g/t gold have been recorded over an identified 500m of strike with mineralisation said to be open in all directions.