Doug Bright

A recent drone aeromagnetics survey by Buxton Resources has unveiled a north-east-trending cluster of magnetic anomalies in the south-central part of the company’s 100 per cent-owned Wolverine prospect in Arizona. The cluster coincides with the orientation of copper-molybdenum mineralised porphyry dykes, with rock chip sampling yielding 1.2 per cent copper and 383ppm moly next to Buxton’s permitted drill site.

Larvotto Resources says engineering studies have shown it can double the process plant throughput at its Hillgrove gold-antimony operation in NSW up to 500,000 tonnes per annum, with only minimal upgrade and modification required. The company says its capacity to produce gold concentrate and doré in conjunction with antimony concentrate can easily be increased by expanding the crusher feed rate from 220,000 tonnes per year.

DiscovEx Resources is on the cusp of a major transformation after its bid to snare Finland-based private Australian company Latitude 66 Cobalt was given a unanimous tick of approval from that firm’s board of directors. Latitude owns several projects in Finland, with its most advanced project containing Europe’s second-biggest undeveloped cobalt-gold resource that features 5800 tonnes of cobalt and 650,000 ounces of gold.

The door has been kicked open for Lycaon Resources to start exploring its Stansmore niobium-rare earths project in Western Australia’s West Arunta region after it secured consent from Mines Minister, David Michael. The company says the approval will allow it to start exploration programs, including heritage and gravity surveys and drilling campaigns, on a site designated for the use and benefit of its Aboriginal inhabitants.

Galan Lithium has lifted the resource estimate for its 100 per cent-owned Argentine Hombre Muerto West lithium project to 8.6 million tonnes contained lithium carbonate equivalent at 859 mg/l lithium. The significant increase, the fourth since March 2020, amounts to an 18 per cent uplift in tonnes alongside another uptick in grade improving what was already one of the highest grade brine estimates in the country.

Askari Metals is preparing for a flood of results from a major trenching campaign after submitting 2000 samples for analysis at its Namibian Uis lithium project. The company says it has now completed mapping and sampling of priority pegmatites on its north-easternmost exploration permit at Uis where it targeted four key pegmatites with 135 trenches for a total of 7269m of trenching. It is now working to generate additional targets.

Larvotto Resources is closing in on an international financing package worth US$8 million (AU$12.1 million) to help develop its Hillgrove antimony-gold project in New South Wales. The company has signed a non-binding term sheet with Xcelsior Capital and Wogen that will provide it with a pre-payment loan for the life of the Hillgrove mine and a working capital loan.

Aurum Resources has expanded the golden footprint at its Boundiali gold project in the West African country of Côte D’Ivoire after snapping up an adjoining tenement that features an advanced exploration permit area. The 167.34sq km Boundiali South ground, now formerly owned by Turaco Gold, has previously thrown up solid gold hits including 20m at 10.45g/t from 38m.

The potential for one of Radiopharm Theranostics’ treatments to fight cancer while protecting a patient’s kidneys from excessive radiation has been showcased to the world’s leading image science specialists in Portugal. A symposium was told that adding a succinylated gelatin to radiotherapeutics, such as the company’s “RAD 301” and “RAD 302” treatments, could better protect kidneys against the negative effects of accumulated radioactivity.