Announcements

Radiopharm Theranostics’ fight against cancer has taken a vital step forwards after the completion of a phase 1 imaging study of 40 breast cancer patients in Shanghai. According to the company, the procedure delivered uniformly excellent and easy to interpret results. Radiopharm is now looking to accelerate the development of its “RAD201” process and fire up a new therapy study for its RAD202 product.

Toronto-listed gold miner and explorer, Novo Resources has unleashed the rig for a 2,000m drilling blitz to test a plethora of targets at its 50 per cent owned Malmsbury gold project in Victoria. The project hosts more than 1,500 historical gold workings with past drilling at the tenure returning significant mineralised intercepts including an impressive 4.1m grading 13.1g/t gold at the Leven Star trend.

West Cobar Metals has landed a grab bag of significant thick intersections of copper, silver, lead and zinc mineralisation at its Bulla Park prospect in NSW with drill hits spanning over a 1 kilometre strike. Significant assays returned include a 22 metre intercept grading 1 per cent lead and 20 grams per tonne silver from 253m downhole.

Chimeric Therapeutics has ticked off a new milestone in its battle against an aggressive cancer called “glioblastoma” after the successful completion of a second dose trial following a phase 1 dose escalation study near Los Angeles. The company says all patients dosed as part of the trial have now advanced past the 28 day follow-up period without experiencing any dose limiting toxicities.

Kula Gold is back at work at its Marvel Loch-Airfield project in the Southern Cross region of WA. The company’s 62-hole RC drilling onslaught of its kaolin and halloysite ground at the Boomerang prospect is again springing to life. Management says the campaign is aimed at defining the geographic extent and assessing the resource potential of the area.

Aurumin Limited has racked up a gold hit of nearly three ounces to the tonne at its Mt Dimer project approximately 120 kilometres northeast of Southern Cross in Western Australia. The 90.7 g/t hit was included in a broader 8m intersection grading a solid 15 grams per tonne gold from 71m downhole. The Mt Dimer historical production centre has previously produced over 125,000 ounces of gold.

Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Picha project after the company nailed a 1.2km by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south.

Empire Energy is now planning a follow up fraccing program with its US consultants to test a 192m long horizontal drill section at its recently completed Carpentaria-2H well in the Beetaloo Basin’s Velkerri Formation. The 192m section is thought to be the longest ever horizontal well ever drilled in the Beetaloo Basin’s Velkerri Formation. Carpentaria-2H is already showing early signs of liquids-rich shale gas.

Barton Gold has completed a first phase trial of next-generation portable exploration technology developed by the CSIRO at the company’s Tarcoola gold project in SA. The revolutionary new technology returns gold values in the field in as little as 8 hours versus several weeks for conventional laboratory-based assays. The trial is co-funded by the SA Government, who kicked in an extra $100,000 under its Accelerated Discovery Initiative.

Manufacturer and distributor of well-known home and hygiene products, ASX-listed Pental Limited could be in for a cracking lift in earnings after releasing its guidance to the market for the first half of the 2022 financial year. It expects underlying EBIT for the half year to clock in at about $6.5 million, a spectacular 53 per cent uplift on the previous corresponding period.

Askari Metals has a busy schedule ahead with multiple rock chip sampling, soil sampling, drone magnetic surveys and drilling campaigns planned across its prospective looking West Australian tenure. The company also recently snapped up some prime lithium real estate at its Red Peak project north of Meekatharra that boasts lithium bearing pegmatites never previously explored for lithium.

Podium Minerals has stepped up its hunt for more platinum group metals to add to the company’s 2.2 million ounce combined platinum, palladium and gold resource at its Parks Reef project in WA. More than 12,000 metres of drilling is planned for the new year as a separate three-hole campaign to test grade continuity and thickness of the mineralised reef at depth draws to a close.

Venture Minerals has ended the year with a bang after new drilling at its Mount Lindsay tin-tungsten project in Tasmania included a monster-sized 147m drill intersection going 1 per cent tin and 0.2 per cent tungsten. The latest stellar results sent the company’s share price soaring by more than 27 per cent in intraday trading.

CZR Resources has wrapped up an infill drilling campaign designed to grow the reserves and boost anticipated production from 2mt to 3mt per annum at its Robe Mesa iron ore deposit in WA . The updated reserve estimate will feed into an ongoing definitive feasibility study that will benefit from the infill drilling campaign consisting of 164 RC holes for 7,803 metres within the resource envelope.

Panther Metals has wasted no time getting stuck into its maiden RC drill campaign targeting nickel sulphides at the company’s Coglia project in WA after listing on the ASX only last week. The planned 6,000 metre program will explore the deeper nickel sulphide potential at the Coglia nickel-cobalt project southeast of Laverton before shifting focus to its Eight Foot Well gold project nearby.

Middle Island Resources has sold its Sandstone gold project and processing plant to Aurumin for $6m cash and $6m in Aurumin shares. The deal allows Middle Island to maintain some upside to the project via its Aurumin holdings whilst it takes its $6m in cash up to Tennant Creek in the NT where it is planning to hit the turbo charge button on its copper gold portfolio.

A first pass reconnaissance trip by White Cliff Minerals at its Yinnetharra lithium and rare earths exploration project has yielded encouraging early results. Samples of pegmatite dykes have been sent for laboratory assay and White Cliff said it would aggressively advance exploration now at its Yinnetharra project that sits some 100 kilometres northeast of the Gascoyne Junction in WA.

Kula Gold has polished off a diamond drilling program at its Crayfish gold target in the fruitful Southern Cross goldfields of WA, intersecting a trifecta of greenstone and quartz veins in each of the three holes plunged. The company is now set to run its geological interpretation thumb across its latest samples and push its new core to a laboratory for assay analysis.

Torian Resources has received encouraging news from its Mt Stirling Gold project near Leonora in WA after the company confirmed the presence of primary gold at its Hydra prospect. The best hit from preliminary assay results included a 2 metre intersection grading 2.6 grams per tonne gold from 106m, including a 1m strike going 3.2 grams per tonne gold.

Quantum Graphite saw its share price soar by more than 200 per cent after re-commencing trading on the ASX following a 15-month hiatus. The company now plans to step up its search for graphite to add to its recently updated Uley 2 and Uley 3 resource base in South Australia where a hefty 7.2 million tonnes going 10.5 per cent total graphitic carbon has been defined.

Technology Metals Australia is continuing to work on a string of activities as part of an ongoing “integration study” that will look to boost the mine life at its Gabanintha vanadium project in WA by over 55 per cent. The study is designed to incorporate ore from the company’s nearby Yarrabubba deposit, which it says could boost the expected mine life at Gabanintha from 16 to 25 years.

Legend Mining has been setting a cracking pace at its Mawson Project in the fabled Fraser Range mineral belt of WA whilst putting in some hard yards when it comes to the science behind its mineral deposit. The ASX-listed explorer has just wrapped up a 3D seismic survey which applied the revolutionary oil and gas exploration technology to its hunt for nickel at Mawson.

Galan Lithium has taken a vital step at its Hombre Muerto West lithium brine project in Argentina after appointing engineering consultancy Hatch to run a feasibility study over the project. According to the company, the study is anticipated to be delivered towards the end of the new year and will firm up numbers from a previous scoping study.

Novo Resources Corporation has upped the ante at its Beatons Creek conglomerate gold project near Nullagine in WA’s Pilbara region, after a revised mining approach delivered an optimised five-year plan through to 2026. According to the company, the revised approach delivered a higher processing grade in November of 1.58 grams per tonne against an average grade for both October and November of 1.3 grams per tonne gold.

Kairos Minerals has identified several extensive pegmatite outcrops within a previously defined major lithium-caesium-tantalum anomaly less than 3 kilometres from Mineral Resources’ revered Wodgina lithium project. A recent soil sampling program undertaken at the project returned significant assays including 238 parts per million lithium, 293ppm caesium and 582ppm rubidium. Additionally, a historical rock chip in the area returned a solid 1.6 per cent lithium.

ASX-listed Infinity Lithium Corporation looks to be advancing its San José lithium project in Spain, with the company’s wholly-owned subsidiary, Infinity GreenTech, progressing test work for a “cutting-edge” lithium hydrometallurgical conversion process. The company says its latest venture follows good recoveries of lithium from open circuit test work on its lithium micas.

ASX-listed heavy rare earths developer Northern Minerals, has secured a $4.3 million refund from the ATO as part of the Government’s research and development tax offset scheme for work completed at its Browns Range Pilot plant project in the Kimberley. The refund comes off the back of trial beneficiation and hydrometallurgical plant testing designed to advance the company’s knowledge around processing of its heavy rare earths.

Neometals’ 70 per cent owned subsidiary company, Reed Advanced Materials has entered a co-operation agreement with Portugal’s largest chemical producer, Bondalti Chemicals seeking to commercialise Reed’s “ELi” processing technology for the sustainable production of battery quality lithium hydroxide and carbonate. The collaborators aim to construct a pilot plant ahead of a proposed 25,000 tonne per annum industrial scale lithium refinery in Portugal.

ASX-listed Galan Lithium is steaming ahead with a suite of exploration works to feed into an upcoming DFS at its flagship Hombre Muerto West lithium brine project in Argentina where a 40 year mine life has been envisaged. Construction of evaporation ponds for a pilot plant aiming to generate high-grade lithium concentrate have now commenced, whilst a drilling campaign seeking to grow the existing resource base has intensified.

ASX-listed Great Southern Mining has the rods turning again with two 160m diamond holes at its Southern Star prospect designed to build on some previous stunning intercepts and increase its understanding of the deposit. Meanwhile, an oversubscribed capital raise of $1.6m before costs will help Great Southern fund further drilling in WA and Queensland.

Brightstar Resources has locked in an air-core drill rig to test a grab bag of high-quality targets at its Brightstar South gold project located approximately 40 kilometres southeast of Laverton in WA. Although the target areas have shown significant anomalism, giving up over 5,000 ounces of gold historically, the prospects have inexplicably, never been run to ground with modern exploratory drilling.

Buru shareholders will be looking for some post-Christmas cheer from the Canning Basin with follow up testing of a newly interpreted zone at its recently upgraded Rafael discovery about to happen. The company also has another development well about to kick off aimed at lifting production and cash flows from its cash generating Ungani oilfield.