Public Company News

The moment of truth is close for Great Southern Mining and Gold Fields Ltd, with the JV partners getting near to drilling a 2.4-km-wide porphyry anomaly in Queensland, unearthed by an IP geophysical survey that appears to scream “drill here”. The duo believe they may be onto a “chargeability anomaly” laden with sulphides housing a significant gold-copper deposit and will need the rods to start turning to prove up that theory.

Estrella Resources has struck 7.76m of manganese oxide just below surface at its Ira Miri project in Timor-Leste. The intercept confirms the company’s geological model and follows a successful site visit attended by East Timor’s Prime Minister. With drilling ramping up and assays pending, Estrella is accelerating exploration in the region, supported by enthusiastic community and government backing.

Dateline Resources has kicked off a major geophysical and geochemical survey blitz at its US Colosseum gold-rare earths project aimed at unlocking a dual gold and rare earths play from one of America’s most prospective geological corridors. A high-tech magnetotelluric study has been rolled out to collect detailed imaging data beneath the surface using fluctuations in the earth’s natural electrical and magnetic fields generated from solar winds and lightning to detect buried breccia pipes.

This week’s Bulls N’ Bears ASX Runners of the Week is… Amplia Therapeutics. The biotech beauty might just be onto a fabled golden bullet for pancreatic cancer. ArchTIS Limited surged on a pair of blockbuster defence cybersecurity contracts. And Vanadium Resources unveiled an early-stage direct shipping ore agreement with a Chinese global metals trader.

Novo Resources has given its high-grade Pilbara gold and gold-antimony prospects a solid nudge, including at Sherlock Crossing, where it defined a 1.5km-long soil antimony anomaly with coincident gold. The better than 15ppm anomaly, which peaked at 48.3ppm antimony, was identified in extended sampling south of Novo’s initial grid around the historic Clarke Mine, with peak gold of 85 parts per billion.

On the cusp of pouring its first gravity gold this month. Meeka Metals has also put together a $60 million share placement to expand its Murchison project operations in WA’s Mid West region. The company intends to combine proceeds from the placement with cash reserves to expand and accelerate its open pit operations by mobilising a third mining fleet and picking up the pace on its underground drilling.

Javelin Minerals will charge towards production at its 112,000-ounce Eureka gold project outside of Kalgoorlie, under a plan to fast-track mining at the existing open pit to recover 34,000 ounces gold by next year. Javelin says its latest strategy comes on the back of a recent round of successful drilling, sky-high gold prices and a ready-to-go mining lease.

Aspiring mineral producer Lithium Universe has snapped up the global rights to an innovative microwave technology designed by Macquarie University in Sydney, to simplify the separation of silicon and valuable metals in solar photo-voltaic (PV) panels. The company has entered a binding agreement to acquire Macquarie-owned New Age Minerals, which holds the exclusive licensing agreement to use and commercialise the new-age recycling technology.

Horizon Minerals has opened the cash floodgates from mining and processing gold-bearing ore from the company’s two cash-generating mines, under separate toll treating arrangements in WA’s renowned Goldfields region. Under its watchful eye, Horizon has witnessed a stream of cash pouring through its doors as the hauling and processing of ore achieves a continuous steady state.

Estrella Resources has deployed the heavy-duty diamond rig to build on a recent high-grade massive manganese discovery at its Ira Miri prospect in Timor-Leste. The company says it has uncovered further significant new supergene manganese outcrop at the project some 350m north of its discovery hole and believes it to be a direct continuation of the discovery.

Empire Energy Group – under its new name Beetaloo Energy Australia - has kick-started hydraulic stimulation activities at the company’s 3.3km-long Carpentaria-5H horizontal well in the Northern Territory’s massive Beetaloo Basin. The company plans to run more than 60 stimulation stages along the longest horizontal well in the Beetaloo sub-basin and expects the program to take four weeks.

The takeover battle for ASX and Toronto-listed Xanadu Mines has intensified after Chinese giant Zijin Mining, a 15.7 per cent shareholder and JV partner in the company’s Mongolian Kharmagtai copper and gold project, accepted Bastion Mining’s 8c-a-share offer. Zijin’s backing has boosted Bastion’s stake in Xanadu to 29.67 per cent, combining its existing 12.5 per cent holding with recent acceptances and puts it in a strong position to take control.