Public Company News

Okapi Resources has narrowed its focus at Lake Johnson in WA, zeroing in on the Mount Day gold prospect. The company has amended its previously announced farm-in agreement with Lithium Australia, electing to concentrate on the Mount Day tenure, which hosts a 10km long surface geochemical anomaly and has produced rock chips of up to 10.68 grams per tonne gold.

ASX-listed explorer, Venus Metals Corporation, says it has picked up a couple of early polymetallic sniffs at its Bridgetown East nickel-copper-PGE project in WA’s south-west region as the company looks to emulate the feats of Chalice Mining following its exciting Gonneville nickel-copper-PGE discovery at the Julimar project further north.

ASX-listed explorer, Godolphin Resources, has encountered further hints of a gold-copper porphyry-style mineralised system at its Turrawonga discovery within the company’s Copper Hill East project 35km north of Orange in NSW’s Lachlan Fold Belt. It recently completed a couple of new deep infill drill holes at Turrawonga after an initial two holes returned 32m at 0.29 g/t gold and 0.13 per cent copper from 210m.

Western Australia-based gold miner Troy Resources, which has become a South American specialist, is now stepping up both production and exploration at its exciting frontier site Guyana. Having navigated various recent obstacles ASX-listed Troy Resources is now setting a course to rebuild mill production and its broad exploration program at its Karouni gold project in Guyana.

ASX-listed gold explorer, Great Southern Mining, has received $109,000 as part of a total $136,000 grant under the WA Government’s 2020 Exploration Incentive Scheme. The money was approved for the company’s drilling work at its Cox’s Find gold project about 80 kilometres north of Laverton in WA.

88 Energy has sealed the deal in Alaska, farming-out the company’s wholly owned Project Peregrine on the lucrative North Slope oil field. Under the terms of the farm-out agreement, Alaska Peregrine Development Company can earn a 50 per cent holding in the project by spending US$11.3 million towards the cost of the planned Merlin-1 well.

Kairos Minerals is continuing to work the drill bit in the WA’s Pilbara Goldfields, with the company’s rig rolling on to the Mt York project where it will kick into development drilling. The company has designed fourteen drill holes across the Old Faithful gold deposit, with the drill rig set to smash out the program in the lead up to Christmas.

ASX-listed gold developer, Calidus Resources, has struck a farm-in deal allowing it to earn up to 75 per cent of a greenfields gold project, which sits immediately along strike from the high-grade Blue Spec gold project and about 75km from its flagship, under-construction Warrawoona gold mining and processing operation in WA.

Latin Resources continues to build its portfolio of projects in Australia, having landed a new lease in NSW’s prolific Lachlan Fold Belt. The new Burdett project lies immediately to the south of the company’s recently acquired Manildra tenure, delivering Latin a strategic position over the historic Burdett goldfield.

St George Mining looks to be making a solid run into the new year, with recently completed down-hole geophysics lighting up like a Christmas tree identifying eleven new nickel targets for drill testing in WA. This latest assortment of targets is clustered at the western end of the company’s Mt Alexander discovery suggesting the nickel-bearing ultramafic horizon extends beyond the recognised boundaries of the mineralised system.

ASX and London-listed precious and base metals hopeful, Adriatic Metals, has discovered gold mineralisation at depth in the course of peeling off more cracking high-grade base metals drill hits at its recently acquired brownfields Raska polymetallic project in Serbia. The newly discovered gold-bearing vein zone at the Sastavci prospect returned an assay of 31m grading 1.3 grams per tonne gold from 279m including 1m at 13.6 g/t.

Terrain Minerals has more than tripled the size of its ground holding at the Smokebush gold project in WA. The company has pegged a new exploration licence which covers approximately 26 square kilometres, linking its two existing ground holdings in the region and picking up the high-grade Paradise City prospect, where historical surface sampling returned rock chips grading over 38 grams per tonne gold.