Public Company News

Venus Metals Corporation and joint venture partner Rox Resources have grown resources at their Youanmi gold project near Mt Magnet in Western Australia’s Murchison district by a whopping 39 per cent. Nearly 1.7 million ounces have now been defined with 800,000 ounces near surface and a further 856,000 high-grade ounces at depth. Resource drilling continues with a feasibility study on the cards.

Latitude Consolidated continues to return encouraging gold hits from an RC drilling campaign near the former Andy Well underground mine at its Murchison gold project in WA. Best of the latest reported drill intersections came from the Margaret prospect, including 3m at 2.52 g/t gold from 136m containing 1m at 7 g/t and 9m at 1.14 g/t from 150m with 2m at 3.09 g/t.

ASX-listed junior explorer Surefire Resources has been buoyed by a recently completed scoping study on its Perenjori iron ore project in WA’s south-west Murchison district that points to a potentially economically viable mining and beneficiation operation producing high-grade magnetite concentrate. The company says the study shows a “clear pathway” to meeting its 30 per cent internal rate of return hurdle for a project development.

ASX-listed St George Mining has delivered a “breakthrough” high-grade nickel sulphide drill hit below previously intercepted mineralisation at the 75 per cent-owned Mt Alexander project in Western Australia’s north-Eastern Goldfields. The 11.07m hit grading 1.58 per cent nickel and 0.71 per cent copper included a 1.28m interval going at 6.54 per cent nickel, 2.96 per cent copper and 3.88g/t PGEs from 342.12m depth.

ASX-listed base and precious metals explorer PolarX is gearing up to kick off a new round of diamond drilling at the Caribou Dome copper project, about 250km north-east of Anchorage in Alaska, USA. The company says it has locked in a drilling contractor for the program that is planned to start in August this year with an aggregate drill coverage of at least 1,500m.

Todd River Resources has expanded its footprint in WA, picking up close to 900 sq.km of ground in the Edmund Basin south of the Pilbara Craton. The company’s new Pingandy tenure covers a package of rocks similar to those hosting Rumble Resources Earaheedy lead-zinc discovery and prospective for copper, lead, zinc and silver mineralisation.

ASX-listed Venus Metals and joint venture partner Rox Resources are extending deep drilling at their Youanmi gold project near Mt Magnet in Western Australia. The pair have added 2,000m of diamond drilling to a program targeting depth extensions to high-grade gold shoots and seeking new ones. They are looking to add to the current 1.19-million-ounce resource at Youanmi as stellar gold hits continue.

ASX-listed Infinity Lithium Corporation has signed a consultancy agreement with Spanish mining outfit Promotora de Minas de Carbon as the Australian company looks to shore up its San Jose lithium project in Spain’s Extremadura region. Forty-five-year-old Promotora de Minas de Carbon has agreed to provide mining advisory services to Infinity for an all-options success fee comprising two tranches of 20 million options each.

Coda Minerals has pocketed $14.4 million from an oversubscribed capital raising, with the company now boasting more than $21 million in cash reserves to fund ongoing exploration in South Australia. Whilst the company has wowed the market in recent weeks with its Emmie Bluff IOCG discovery, Coda continues to build a substantial inventory of copper resources at its Elizabeth Creek project.

ASX-listed 88 Energy is cutting more than US$1 million of annual finance costs and adding US$2.6 million to its treasury with the US$18.7 million sale of oil and gas tax credits in Alaska. The balance-sheet reset strengthens the company’s position as it strives to expand oil and gas resources at its 100 per cent-owned Peregrine project in the US state.

Wiluna Mining’s development program over its namesake WA operation continues to come up trumps with reserve drilling across the Happy Jack deposit returning 1.78 metres grading a stunning 66.74 grams per tonne. Meanwhile drilling at East Lode has turned up intercepts of 13.12m at 6.89 g/t and 6.85m at 7.72 g/t gold, underlining the lucrative nature of the deeper sulphide mineralisation.

ASX-listed 3D metal printing company Aurora Labs has hit the ground running after moving operations to its new Canning Vale facility in Perth. The company’s Beta prototype printer has produced its first coupons since the relocation, marking the relaunch of Aurora’s 12-month “Technology Development Pathway” strategy with an end goal of commercialising its 3D printing technology.