Public Company News

Thunderbird Resources has expanded its gold footprint in NSW, lodging an application for a strategic 118-square-kilometre expansion to its Kookabookra gold project immediately to the east. The company is doubling down on its gold presence in the state, suggesting that Kookabookra could host an intrusion-related gold system – similar to the kind of deposits that’s delivered multi-million-ounce gold hauls at places such as Fort Knox in Alaska and Kidston in Queensland.

Red Metal’s first scout diamond drill hole at its Bluebush silver-lead-zinc prospect in northwest Queensland has delivered 73m at 9g/t silver, including a 12m hit at 19g/t silver. The runs include base metal hits, with the 73m interval assaying 990ppm lead and 256ppm zinc from 301m and the 12m assaying 2446ppm lead and 780ppm zinc from 362m.

Strickland Metals has kicked off a ground gravity survey across its massive 7.5km intrusion-related gold system at the company’s 108,900-ounce Dusk ‘til Dawn gold camp, which is part of its wider Yandal project in WA. The gravity survey will allow for improved modelling of the intrusive gold system and help pinpoint upcoming drill testing.

Larvotto Resources has bought a homestead and wedding venue near its Hillgrove antimony-gold project in NSW to comfortably house and support a growing permanent workforce. Larvotto will pay $3m in cash plus $600,000 in shares for the 95-bed property. The company aims to start production at the mine in early 2026.

Lindian Resources has bolstered its leadership team with Robert Martin leaping into the hot seat as the new executive chairman and Teck Lim joining as CFO, as it drives its Malawi rare earths project forward.

Bulls N’ Bears Big Hits this week examines some notable intercepts revealed on the ASX, including Rox Resources’ hit in Western Australia of 6m at 19.08g/t gold from 220m, including 3m at 36.87g/t from 221m. Koba Resources also reported good results at its Yarramba uranium project in South Australia and Ausgold Limited struck gold at its Katanning gold project in WA’s Wheatbelt.

Junior explorers such as E79 Gold Mines, Caprice Resources and Thunderbird Resources have seen a significant spike in their share price when betting on a nearology play near a recent or historical discovery. E79’s share price surged from its February 6 close of 1.9c to hit a high of 5.4c on February 19 in the two weeks after a neighbour announced a greenfields gold discovery.

Image Resources has kicked off heavy mineral concentrate transport from the company’s new Atlas mineral sands mine in WA’s Mid West region, by trucking its first batch to Geraldton ready for shipping. Process commissioning at Atlas began early last month and is ahead of schedule, the company says. Throughput rates are up to 80 per cent of the design capacity and the plant is operating at 95 per cent of its capacity.

Altech Batteries has secured the necessary environmental and construction permit to build the company’s Cerenergy GridPack production facility in Saxony, Germany, and can now focus on locking in pr

This week’s Bulls N’ Bears ASX Runner of the Week is… Wide Open Agriculture. Its share price ran on sales of its lupin protein to Europe, Latin America and Australia. South African helium producer Renergen announced maiden commercial sales of its liquid helium, Resolution Minerals acquired three antimony/gold projects on Australia’s east coast and Metal Powder debuted on the ASX on its metal powder process technology.

Metallurgical test work by Strickland Metals on the Palomino deposit at its Horse Well gold camp in Western Australia’s northeastern goldfields has notched up whopping gold recovery rates of up to 88.6 per cent. Using six composite rock samples from the deposit, the study found the gold mineralisation is highly amenable to the normal processing techniques of three-stage crushing, followed by gravity and cyanide leach processing.

Ora Banda Mining has again struck gold, with a stellar set of high-grade intercepts at its latest discovery, Little Gem, south of its Riverina gold camp, outside Kalgoorlie. The company is gushing over its latest results from a drilling program exhibiting thick, rich lodes of gold. The results have sparked an immediate 16-hole follow-up campaign to pepper a 4.7km gold trend emerging south of its flagship Riverina mine.