Public Company News

Image Resources has revealed a raft of resource upgrades across its heavy mineral sands projects in WA’s Mid West region, including the delivery of a massive 102 million tonne resource for its Bidaminna project. The company also continues to process and export a wealth of high-grade zircon-rich ores from its Boonanarring mine whilst it eyes a move into mining at its Atlas deposits in the north of the basin.

ASX-listed CZR Resources is gearing up for a maiden round of reverse circulation drilling next month at its Buddadoo gold project east of the 1.2-million-ounce Deflector gold-copper mine in WA’s Murchison region. CZR’s ground straddles the under-explored Gullewa greenstone belt where multiple targets that have been lit up by high-resolution magnetics are also coincident with soil and rock chip samples that returned anomalous gold readings.

Wiluna Mining continues to add grade at its Wiluna gold mining operation in WA. A suite of recent high-grade drill results headlined by 2.35 metres going 61.05 grams per tonne gold continue to demonstrate that Wiluna has ounce plus dirt on its hands at its namesake Goldfields project as it looks to eventually expand production to 250,000 ounces of gold annually.

Horizon Minerals has reported a string of bonanza gold drill hits from one of its core satellite gold deposits that form part of its proposed Boorara gold project development near Kalgoorlie. Drilling undertaken at the company’s Crake deposit delivered spectacular near-surface RC assays led by a 24-metre intersection at an average grade of 4.94 g/t gold from 32m including 1m at 57.17 g/t from 36m.

Wiluna Mining continues to tick boxes as it hurtles towards implementing its much-heralded production expansion plan at its Wiluna gold mining project that will see existing gold production double and then double again. Construction of a 750,000 tonne-per-annum flotation plant has now commenced as the company looks to grow gold production to 250,000 ounces annually.

ASX and Frankfurt Stock Exchange-listed PharmAust has unveiled encouraging initial results from the continuing phase IIb clinical trial of its anti-cancer drug, Monepantel on pet dogs suffering from B-cell lymphoma. The Perth-based company says the first five dogs who have undergone treatment with Monepantel across five participating test sites show “minimal side effects”.

ASX-listed aspiring central African lithium developer, AVZ Minerals continues to attract offtake partners at its proposed Manono hard-rock lithium and tin project in the Democratic Republic of the Congo. The Perth-based company has entered into a binding lithium offtake agreement for the sale of spodumene concentrate from Manono to another Chinese group, Yibin Tianyi Lithium Industry Co.

K2fly continues to stamp its mark on the mining software market, topping off a record quarter with the purchase of specialist software provider, Decipher. The purchase of Decipher received final approval at a meeting of shareholders this week and delivers K2fly another significant software solution for mine rehabilitation and tailings management. Decipher provides the only end-to-end mining and tailings management solution in the current market, according to K2fly.

ASX-listed 88 Energy, is staring down the barrel of a potential oil discovery at its 600-million-barrel prospective oil target being drill tested in the frozen arctic ground of Alaska’s oil-rich North Slope. The company said its Merlin-1 drill hole has intersected multiple reservoir sandstone layers, within the target Nanushuk formation, with many exhibiting indications of the presence of oil, collectively referred to as “oil shows”.

Native Mineral Resources looks to have struck a chord at its Music Well prospect in WA, with the ASX-listed company’s recent exploration program delivering in spades. Samples from the new program showed visible gold which is always good cause for some in-field excitement and importantly, some assays weighed in at over 100 grams per tonne gold.

Eclipse Metals' ongoing interrogation of the data across its historical Ivittuut cryolite mine in Greenland is revealing a wealth of potential out-wide production opportunities, including high-purity silica for use in a range of existing and emerging technologies. Modelling of the rich ore system shows a distinct silica-rich core to the Ivittuut intrusion, with historical drill holes returning wide quartz-rich intercepts grading at over 97 per cent silica.

Buru Energy and its newest JV partner, ASX-listed mining and energy giant, Mineral Resources, have been awarded a new onshore oil and gas exploration license in WA’s Mid West to target traditional oil and gas plays in the area by targeting the deeper, under-explored rock formations of a similar geological age to Buru’s established targets to the north in the state’s Canning Basin.