Andrew Todd

Aurumin has unveiled a new suite of positive gold hits from four of its seven new targets at the company’s 881,000-ounce Sandstone gold project in Western Australia following a first-pass reverse-circulation drilling campaign. With more imminent drilling to come, the latest finds build on results in May that included a bonanza 1m intersection of 344g/t from the company’s Plum Pudding target.

Lycaon Resources has won a tenement ballot for a highly-prospective new lithium and copper project in Western Australia’s Pilbara region. The tenement, in addition to four other applications, lies adjacent to the Marble Bar and DOM’s Hill projects that are held in a joint venture by Kali Metals and lithium major Sociedad Química y Minera de Chile (SQM).

Dateline Resources has kicked the door in as the latest entrant to the million-ounce gold club on the ASX having just tabled a 1.1 million-ounce resource last month at its Colosseum gold and rare earths project near Las Vegas running 1.26g/t gold. Notably, the company says the resource still has plenty of legs, but it is also showing early signs of rare earths in a region that is revered for the scale and grade of its rare earths.

American West Metals has secured $18.8 million in non-dilutive funding to accelerate its Storm copper project in Canada after signing a royalty package deal with Australian-based Taurus Mining Royalty Fund. The funding package is designed to underpin the exploration and drilling activities that are already underway at the potentially district-scale project, along with fast-tracking project development amid a surging global thirst for copper production.

Reach Resources has stepped closer to unlocking the exploration potential of its Wabli Creek rare earths project in Western Australia’s Gascoyne region after scheduling a crucial Aboriginal heritage survey. The company today confirmed it would be meeting next month with the local Burringurrah Aboriginal Corporation in a bid to gain clearance for its long-awaited maiden drilling program that could launch as soon as next quarter.

Buru Energy’s Ungani oilfield is set for a new lease on life following the company’s significant farm-in agreement with Sabre Energy that is designed to spearhead a production restart and continued exploration at the site in Western Australia’s Canning Basin. Sabre will earn a 70 per cent interest in the Ungani oilfield and control of the operations for a $6 million outlay.