Public Company News

ASX-listed Venus Metals has unearthed fresh rare earth element exploration targets on its ground east of Carnarvon in WA. Assays of reconnaissance stream sediment and rock chip samples exceeding 1,000ppm Total Rare Earth Oxides were recorded at two new sites less than 2km west of eMetals’ Cairn Hill Rare Earth Element anomaly which recorded a peak of 2,700ppm Total Rare Earths.

ASX-listed manganese producer in waiting, Element 25 has nailed a binding take-or-pay offtake agreement with OM Materials covering the first five years of projected manganese ore production at Element’s developing Butcherbird mine about 130 kilometres south of Newman in WA’s southern Pilbara. OM Materials is a wholly owned subsidiary of ASX-listed, Singapore-based integrated manganese and silicon group, OM Holdings.

Dual ASX and London-listed aspiring Balkans polymetallic project developer, Adriatic Metals has cleared one of the final major regulatory approval hurdles taking it a step closer to starting construction at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. Receipt of the project’s Veovaca exploitation permit now paves the way for the company to crank up development at Vares later this year.

Ardiden has ploughed into its winter drilling campaign at the South Limb prospect in Canada where the company has designed a seven-hole program across the prospect, which lies only 500 metres along strike from the high-grade Dona Lake gold mine. The drill rig is scheduled to head back to the company’s flagship Kasagiminnis deposit following the completion of drilling at South Limb.

ASX-listed high purity alumina player, Altech Chemicals says it has kicked off battery performance testing of graphite particles that have been coated with HPA using its alumina-coating technology. It comes after what the Perth-based company described as the successful demonstration of the technology to coat graphite particles, typical of those used in anode applications within lithium-ion batteries, with a nano layer of HPA.

Wiluna Mining continues to hit paydirt, with the most recent results from drilling across its namesake operation in WA delivering a multitude of gold-rich intercepts including 34 metres at 4.88 grams per tonne gold and 13.37m at 7.03 g/t gold. The sampling of historic drill core has also turned up some intriguing results including intercepts grading over 10 g/t gold.

ASX-listed explorer King River Resources says drilling has encountered a new high-grade gold zone west of the Trudi Main epithermal quartz vein deposit at its Mount Remarkable gold project in WA’s north-east Kimberley region. The stand-out intersection from the company’s latest batch of drilling results from the project was 6m grading 5.25 g/t gold including 1m at 30.1 g/t.

Hot Chili’s recently commenced 40,000-metre drilling campaign across its Costa Fuego project in northern Chile has posted an uber-impressive 382 metre copper intercept at its Cortadera porphyry deposit, which includes 80m at 0.6 per cent copper and 0.2 grams per tonne gold from 524m down-hole. The company already has two rigs running 24-7 and is set to add a third in the coming weeks.

Gawler Craton-focused gold hopeful, Indiana Resources has completed its maiden 10-hole RC drill campaign at the Minos gold prospect in South Australia. The company has churned out 1,604m of drilling at the Lake Labyrinth Shear Zone chasing historical hits of 12m at 10.36 g/t and 24m at 2.18 g/t gold. Indiana said nine of the ten holes ended in the mineralised shear zone and assays are pending.

Adriatic Metals has piled on the polymetallic drill hits at its historic Raska project in Serbia, with both the Kizevak and Sastavci deposits continuing to cough up broad intersections of near-surface, high-grade polymetallic mineralisation. One of the stand-out assay results at Kizevak was 38m at 2.7 per cent zinc, 2.2 per cent lead, 30 g/t silver and 0.6 g/t gold from 100m.

St George Mining has charged into 2021 kicking off a 4,000-metre diamond drilling program at its Mt Alexander nickel project in WA. The budding explorer expects to have the drill rods turning by the end of the week aiming to test a swag of deep targets along the under-explored western extents of the Cathedrals Belt.

Kingwest has landed another solid set of gold hits in its last dozen drill holes for 2020 at the Pericles deposit within the Lady Shenton System at its Menzies gold project in WA. Amongst the numbers was an intercept of 6m at 1.49 g/t gold from 214m downhole, a whopping 80m deeper than any previous drilling, whilst other shallower intercepts recorded grades up to 8.35 g/t.