Announcements

Southern Cross-focussed Kula Gold has added lithium to its shopping list after geochemical sampling yielded a lithium cluster at its Rankin Dome project in eastern WA. Kula has been chasing kaolin, gold and base metals across its four project areas and the new lithium results add an unexpected element of blue sky to the project.

Horizon Minerals could have unearthed a significant mineralised system after drilling at its Crake and Coote gold deposits intercepted a slew of high-grade gold intercepts. The company says it is now planning subsequent drilling ahead of an updated mineral resource estimate for Crake and a maiden estimate for Coote. The deposits form part of the larger Binduli project area near Kalgoorlie in WA.

ASX-listed explorer Javelin Minerals has delivered more high-grade copper and wide gold intersections at its exciting Coogee gold-copper project including 8m with 1.98 per cent copper and 48m with 0.81 g/t gold including 8m at 2.18 g/t gold and 0.21 per cent copper. Drilling is about to commence on the 3km gold trend at the Coogee West project, whilst copper-gold feeder structures will also be investigated by further drilling.

ASX-listed battery metal and gold explorer Askari Metals is now a dual-listed company after its shares commenced trading on the Frankfurt Stock Exchange. Askari has a portfolio of lithium, copper and gold-focused projects across Western Australia, the Northern Territory and New South Wales and says the new listing was driven by strong interest from European investors.

Junior gold explorer Terrain Minerals has thrown up a slew of high-grade gold rock chip samples that have identified multiple priority targets at its Wild Viper project located in WA’s rich goldfields region. Geological mapping and a concerted rock chip sampling program covered a series of under-explored outcropping quartz veins with assays peaking at 13.6 g/t gold.

Altech Chemicals has put the finishing touches to its German-based pilot plant where it will look to produce a premium battery grade anode material coated with HPA using its proprietary technology. The plant is designed to produce up to 37,000 kilograms of coated anode material per year and Altech’s testing to-date shows considerable efficiencies not currently available to battery makers.

Indonesia-based gold explorer Sihayo Gold has increased its initial expected gold recovery rate from 35 per cent to a solid 80 per cent in fresh rock samples after trialling high pH leaching metallurgical test work on ore from its advanced Sihayo gold project in North Sumatra. Transitional ore samples also received a healthy boost to the recovery rate, rising from 52.3 to 74.5 per cent.

Clinical-stage cell therapy company, Chimeric Therapeutics has signed a three-year sponsored research agreement with the University of Pennsylvania in the US to support its ongoing development of gastric and colorectal cancer fighting therapies. According to Chimeric, the research will focus on further developing its cutting-edge treatments through pre-clinical studies, correlative research and cell therapy on candidates.

Cyclone Metals has unearthed some stunning quartz and gold nugget specimens up to 712 grams at its wholly owned Nickol River project in WA’s Pilbara region, which begs the question – where are they coming from? Notably, they were found in the very first test pit and the company is hopeful that drilling targets for primary mineralisation will quickly be generated from them.

Cancer fighting biotech, Radiopharm Theranostics has gained access to a rare medical isotope from a Bill Gates start-up to accelerate the development of its pipeline of cancer treatment therapies. The company says “actinium-225” is a radioactive isotype that can be attached to a targeting antibody that will then selectively target and destroy cancerous tissue.

ASX-listed Oar Resources has appointed senior mining executive, Justin Richard as its new Chief Executive Officer and Managing Director, effective immediately. Richard previously served as Managing Director of ASX-listed Alara Resources, where he led that company through several capital raisings, a bankable feasibility study, a maiden ore reserve estimation and an offtake agreement.

Torian Resources has landed a grab bag of significant rare earths hits at its new Yttria prospect at the company’s Mt Stirling project in the eastern goldfields of WA. The rare earth elements uncovered include hard to find “heavy” rare earths such as dysprosium and also include terbium, europium, neodymium and yttrium with anomalous cobalt, scandium, nickel, chromium, palladium and platinum added to mix.

Strickland Metals has two RC drill rigs and one diamond core rig fired up at its Yandal project in WA. Both are expected to be on site for the duration of 2022 in a big push to add to the 603,000 ounce resource. The company believes there is significant potential to rapidly add to the existing gold resources at the project as it looks to emulate its neighbour, Northern Star’s Jundee operations.

Image Resources has produced an extraordinary set of quarterly numbers from its Boonanarring mineral sands mine 80kms north of Perth. Realised prices and production are up, costs are down, debt has been paid back early and the company’s coffers have swelled by nearly $30 million. Margins have more than doubled to $500 per tonne and $19 million in dividends was paid to shareholders during 2021.

Valor Resources has kicked off a 2,500 metre diamond drilling program at its Hook Lake uranium project in the world class, uranium endowed Athabasca basin in Canada. Drilling is aimed at testing the extent of mineralisation after identifying surface anomalism that included rock chips grading up to 59.2 per cent uranium. It will also target a geochemical and structural target called the V-Grid.

Estrella Resources continues to unveil the prospectivity of the intrusive igneous complex at its Carr Boyd project near Kalgoorlie in WA. The company says it has discovered more nickel-copper rich sulphides on previously untested ground at the Mossgiel and Gossan Hill prospects with mineralisation showing stark similarities to the geology of its original T5 discovery.

Meeka Gold has tabled a 24 metre drill intersection grading 4.81 grams per tonne gold from 68m downhole, with a 4m internal section going a cracking 20.3 g/t gold at its St Anne’s gold prospect within the company’s Murchison gold project in WA. Importantly, no resource estimate has ever been defined at St Anne’s, leaving huge potential with another phase of drilling to follow-up soon.

Javelin Minerals has completed a detailed aeromagnetic survey of its 900 square kilometre Mt Ida-Ida Valley project near Menzies in WA. The results are set to guide field-based exploration and drill results from the company’s exciting Coogee gold-copper project are also expected soon. Strike and depth extensions were targeted to follow up previous results that include 4m at 9.34 g/t gold and 27m at 1.22 g/t gold.

Novo Resources Corporation has set a high bar for itself this year after ticking off a flurry of 2021 exploration that saw the company further develop its gold, base-metals and battery-metals tenements across WA and Victoria. The company is now gearing up to run a 20,000m drilling blitz across a string of projects and capitalise on the booming precious metals and new energy markets.

ASX-listed Okapi Resources has upped the ante at its North American uranium play after signing an agreement with Canada’s ALX Resources to secure a portfolio of six advanced exploration projects in the Athabasca Basin. Collectively, the projects house 75 granted mineral claims across 55,000 hectares and sit in the world’s premier uranium district according to the company. Okapi will initially probe two projects with superior exploration potential.

Askari Metals has got its hands on a considerable parcel of sought-after lithium ground after acquiring the Barrow Creek Lithium project in the NT on the back of an oversubscribed $2.6 million capital raise. The fertile ground forms part of the Arunta Pegmatite Province and is considered highly prospective for lithium-tin-tantalum mineralisation. The project also borders major lithium players such as Lithium Plus and Core Lithium.

White Cliff Minerals has wrapped up a first pass RC drilling program at the company’s Cracker Jack prospect, part of its larger Reedy South gold project in WA’s Murchison Goldfields, following the completion of seven holes. The milestone earmarks the opening play of an expansive 74-hole probe totalling 4,440 metres that also takes in the nearby McCaskill Hill prospect.

Gold and critical minerals explorer Tambourah Metals has identified multiple airborne gravity anomalies indicative of denser rocks that may host nickel-copper-PGE mineralisation at its Bolgart and Tolarno projects approximately 100 kilometres northeast of Perth. A follow-up ground based moving loop electromagnetic survey has now been planned to test the gravity targets located near Chalice Mining’s monster Julimar PGE-nickel-copper-cobalt project.

Clinical-stage cell therapy group Chimeric Therapeutics has snapped up a US patent for its cancer fighting CLTX CAR therapies. According to the company, the United States represents the single largest global market for biopharmaceutical products and the patent will add further protection to its burgeoning roster of intellectual property. The move follows a recent patent grant for the technology in Europe.

Mining software solutions provider K2fly has released impressive second quarter results for the 2022 financial year showing strong annual recurring revenue and order book growth combined with increasing deal size. K2fly also had its largest ever contract win signing Rio Tinto to a $3.44 million contract whilst Glencore also renewed an existing contract. Invoices were up 58.5 per cent from the same quarter last year.

ASX-listed Trigg Mining has more than doubled the strike length and area of its Lake Throssell sulphate of potash project. Four new areas were granted to Trigg, giving the company the potential to expand resources and the projected mine life of what could be a global top ten producer. Pivotal agreements with traditional owners facilitated the grant of the new tenements.

Aldoro Resources could be onto lithium at its Niobe project in Western Australia after a phase one RC drilling program intersected two thick pegmatite intervals below surface. The company says each of the 17 holes plunged into Niobe struck significant pegmatite bodies, validating and extending historic drilling results. The campaign forms part of a larger 64-hole investigation of the project’s landholdings.

Estrella Resources is zoning in on more nickel-copper targets at its developing T5 discovery near Kalgoorlie in WA after the company spotted a suite of down-hole geophysical anomalies begging to be drilled. The anomalies lie tantalisingly close to the T5 deposit and suggest known mineralisation is open to the north and south, throwing up a plethora of new targets that the company will now target.

Altech Chemicals has launched and registered the product name “Silumina Anodes” for its breakthrough proprietary HPA coating technology that combines silicon particles, treated with its innovative technology and routine battery grade graphite to engineer a lithium-ion battery electrode containing a composite graphite-silicon anode. According to the company, the process produces lithium-ion battery anode materials with a 30 per cent higher retention capacity than existing materials.

Brightstar Resources has continued its run of solid drill hits at its flagship Cork Tree Well prospect near Laverton where ongoing gold intersections have confirmed the high-grade nature of the system. Notable intersections from the latest round of RC drilling include a 12 metre intersection grading 3.47 grams per tonne gold from 157m downhole and a 9m hit going 1.46 g/t gold from 178m downhole.

ASX-listed PolarX is gearing up to drill test further gold-silver prospects at its Humboldt Range Project in Nevada, USA, with a 3000m reverse circulation drill program planned to start in the next few weeks. Ten holes will test three targets in the Fourth of July claims, with another ten holes planned for targets at Star Canyon.

With the green energy revolution and particularly hydrogen gathering momentum at the same time that oil prices are enjoying a resurgence, many traditional oil and gas firms are conflicted in terms of priorities. The storage and sale of hydrogen is best undertaken by oil and gas firms and whilst many are attempting to dip their toe in the water, others are once again fixated on the burgeoning oil and gas price.