Doug Bright

Larvotto Resources has received US$4 million (A$6.2m) as pre-payment from Wogan Resources’ sister and financing company Xcelsior Capital under an exclusive antimony off-take agreement with Wogan. The agreement, signed on December 2, will see Wogen provide exclusive global off-take sales for Larvotto’s antimony concentrate produced at its Hillgrove project.

Latitude 66’s diamond core drilling at its key KSB gold project in Finland has extended its K8 prospect in both strike directions, with latest results including a best run of 3.1m assaying 6.1g/t gold from 41.8m. The top-shelf result, coupled with the second best hit of 3.2m going 1.3g/t gold from 25m, points to extension potential at the southwestern and northeastern extremities of the mineralised trend.

Thunderbird Resources is poised to launch a maiden on-ground exploration program at its recently acquired Rockvale-Kookaburra antimony-gold project immediately north of Larvotto Resources’ storied Hillgrove project in NSW. The preparation included detailed desktop analysis with encouraging results covering more than 100 years of exploration and mining history at the site, with boots now expected to be on the ground in January.

First-pass air core drilling by Kalgoorlie Gold Mining on a blind target at its Kirgella West prospect, 140km northeast of Kalgoorlie, has been rewarded with good hits up to 3.66g/t gold over a 1200m strike. The 63-hole, 3518m program is adjacent to KalGold’s Kirgella Gift and Providence deposits, with their combined 76,400 ounce gold inferred resource, and produced strong gold anomalism and potentially economic gold grades over a wide area.

GreenTech Metals has launched a 4000m stage two diamond core drilling program at its Whundo copper-zinc-silver project in WA’s West Pilbara region. The program aims to test electromagnetic conductors generated from previous surface fixed-loop and downhole electromagnetic geophysical surveys of previous drill holes to identify and potentially expand the project resource.

Larvotto Resources continues its winning run with its final five drillholes at Clarks Gully deposit at its Hillgrove project in NSW, jagging broad high-grade gold-antimony intercepts, including 22m at 9.87g/t gold equivalent. The 59-hole program for 4469m of RC drilling was designed to infill and extend the current 266,000t Clarks Gully mineral resource, grading 3.8 per cent antimony and 2.0g/t gold for 10.6g/t gold equivalent.

Estrella Resources has received encouraging responses from its first geophysical survey line across its recently discovered Ira Miri manganese zone at Lautém in Timor-Leste, prompting its maiden drilling campaign. The low resistivity anomaly is interpreted as a potential target for supergene manganese and aligns with previously reported outcrop mapped onsite, although more work is required to gauge the potential scale of the anomalism.

Javelin Minerals has completed 2921m of a phase one maiden drilling program at its Coogee copper-gold project near Kambalda in Western Australia, with phase two slated to kick off early in the New Year. The 18-hole reverse circulation program recovered 1698 samples sent for assay and identified a copper-gold mineralised trend extending from about 270m south of the southern open pit rim to about 450m north of the northern rim.

Javelin Minerals has slotted the next golden arrow into its quiver with the completion of its much-heralded acquisition of the brownfields Eureka gold project, 54km northwest of Kalgoorlie. Eureka’s current mineral resource estimate remains at 2.45 million tonnes at an average grade of 1.42g/t gold for a total of 112,000 ounces of gold, as announced in June 2021.

St George Mining has signed two memoranda of understanding with Latin America’s biggest scientific and technological agency SENAI looking to develop critical minerals opportunities flowing from its Araxá project in Minas Gerais, Brazil. SENAI collaborates with businesses to develop innovative technologies capable of driving business growth and efficiencies and has a strong record of collaboration with the private sector to advance businesses through those technologies.

Octava Minerals has found 14 key structural antimony targets along a 10km antimony corridor at its Yallalong project in WA’s Gascoyne region, identified via a recent surface gravity geophysical survey. The targets look similar to its Discovery prospect that was the only site drilled out of four prime areas identified in historic exploration, and which assayed up to 7m at 3.27 per cent antimony along a 300m strike.

GreenTech Metals has completed planning for up to 4000m of diamond drilling for its second phase program at the company’s Whundo volcanogenic massive sulphide–style copper-zinc project in WA’s West Pilbara. The campaign seeks to confirm the potential for and likely scale of one or more base metals resources lurking below the shallow historic Whundo and Ayshia open-pits and within the 2km-long zone separating them.

In the wake of the recent Chinese ban on the export of critical minerals such as gallium that is used for semi-conductor chip manufacturing, a state government research institute is about to kick off a study that will examine the metallurgy of Terrain Minerals’ curious gallium discovery in WA’s Mid West region. The study will be done by the Minerals Research Institute of WA that is tasked with addressing knowledge and technology needs in the minerals industry.

Octava Minerals has agreed to sell 100 per cent of its Talga gold, base metals and lithium project in WA’s Pilbara to Global Lithium for $200,000 in cash and a further $200,000 by way of Global Lithium stock. Global Lithium will acquire Octava’s seven Talga project tenements though a 100 per cent owned subsidiary with the share consideration based on its 5-day VWAP prior to completion.

BMG Resources has launched a round-the-clock diamond drilling campaign at its Abercromby gold project near Wiluna to expand the current 518,000 ounce resource. The drilling will probe high-grade gold zones at Abercromby and initially seek a resource expansion through extensional drilling of high-grade gold zones beyond the existing resource model.

King River Resources has received the final $2.4m cash payment owed by Darwin-based Tivan Limited for its acquisition of King River’s Speewah critical minerals project in WA’s Kimberley region, as part of a $20m consideration.

Aurum Resources has been buoyed by encouraging gold recoveries of up to 99.4 per cent from independent testwork on diamond drill core from two key targets within its BD tenement at Boundiali in Côte d'Ivoire, West Africa. The scoping metallurgical tests demonstrate excellent potential for high gold recoveries at a relatively coarse grind size of 80 per cent passing a screen size of 106 microns or 0.106 millimetres.

Suvo Strategic Minerals has been offered a chance to field trial its lower carbon cement in a project to replace Victoria’s dangerous level crossings. Suvo’s concrete mixes use cleaner cement made from kaolin amongst other things. The government agency leading the project will also help Suvo navigate the commercial and technical approval processes involved to introduce its cement mixes to the marketplace.

Aurum Resources has completed more than 24,000m of diamond core drilling at its Boundiali “BM” joint venture project in Côte d'Ivoire, earning it an 80 per cent interest in the 400 sq km project. The drilling was undertaken by Aurum’s 100 per cent-owned subsidiary Plusor Global in its Plusor-Minex JV tenement, the other 20 per cent of which currently resides with its JV partner Minex West Africa.

Pilot Energy has entered into a joint development agreement with Capture6 Corporation to progress Capture6’s direct carbon-from-air capture technology at Pilot’s Mid West carbon capture project in WA. The first activity under the binding agreement with California-based Capture6 will be a demonstration of Capture6’s novel water processing and direct carbon capture technology, which Pilot plans to deploy next year at its existing Cliff Head-Arrowsmith operation.

GreenTech Metals has secured firm commitments for $2.3 million via a placement to institutional and sophisticated investors to assist with staged drilling of the company’s Whundo project in WA. The funds will be raised via the placement of 28,750,000 million new, fully paid ordinary shares at an issue price of $0.08 per share.

Surefire Resources has received a formal expression of interest for its Victory Bore vanadium and titanium project from German independent commodities trading company HMS Bergbau AG. The expression of interest in Surefire’s WA operation, extends to the company’s processing facilities in Saudi Arabia and seems to also contemplate a long-term strategic resource partnership.

Radiopharm Theranostics has received approval from the Australian Ethics Committee for the inclusion of additional tumour types into its ongoing phase one clinical trial of a new cancer treatment drug. The trial is the first in-human study to assess the safety and tolerability of Radiopharm’s new drug in patients living with some advanced solid tumours, extending the trial beyond just patients with non-small cell lung cancer.

In this edition of Bulls N’ Bears Big Hits we examine some notable drill intercepts revealed on the ASX last week, including Australian Gold and Copper’s Achilles discovery at its South Cobar gold-silver-copper project near Cobar in NSW. We also take a close look at other interesting drill hits from last week as reported by Laramide Resources’ from its Westmoreland uranium project in Queensland and PolarX from its Caribou Dome project in Alaska, USA.

Lycaon Resources has begun early stage earthworks as part of a maiden assault on the company’s Stansmore niobium-rare earths and iron-oxide copper-gold target in WA’s West Arunta region.

Suvo Strategic Minerals has received $380,236 from the Federal government for R & D work on its low carbon cement research under the Federal Government’s R&D Incentive Scheme. The Perth-based company’s licensed proprietary “Colliecrete” technology has achieved a greenhouse gas emissions reduction of about 50 per cent compared to ordinary Portland cement.

Thunderbird Resources has slipped into prime gold-antimony territory in NSW with its imminent acquisition of two exploration licences, one of which partly encloses Larvotto Resources’ Hillgrove project. Hillgrove hosts Australia’s largest antimony deposit, with a mineral resource of 7.3 million tonnes going 4.4g/t gold and 1.3 per cent antimony for about 1.04 million ounces of gold and 93,000 tonnes of antimony

BMG Resources is preparing to probe high-grade gold zones at its Abercromby gold project in a round of extensional drilling designed to expand the company’s current maiden 518,000 ounce gold resource at Wiluna. The program was flagged two weeks ago following the company’s successful $1.5 million capital raise from sophisticated and institutional investors and it is now fully-funded to complete expansion drilling at Abercromby and to progress development studies.

Neometals says its pilot-stage ELi electrolytic” process to produce lithium hydroxide from lithium chloride in brine has successfully produced high purity lithium hydroxide monohydrate crystals. The pilot trial involved 1000 hours of exposure of South American lithium chloride brines to Neometals’ electrolytic process and confirmed the expected power consumption, membrane life and scaleability of the commercial application

Terrain Minerals has nailed what looks like a new gold discovery in WA’s Mid-West region with its first pass drill campaign that followed up on historic arsenic soil anomalies. The maiden campaign at Terrain’s Wildflower project hit 9m at 1.17g/t gold from 30m, including 3m at 2.61g/t gold. The 72-hole, 1710m reconnaissance air-core drilling program also picked up multiple broad zones of lower-grade but geochemically-significant shallow supergene gold.

In this edition of Bulls N’ Bears Big Hits we examine some notable drill intercepts revealed on the ASX, including from G11 Resources’ extensive and underexplored massive sulphide system at Wilandra in NSW. We also take a close look at other interesting drill hits from last week as reported by Firetail Resources at its Canadian Skyline copper project and Dreadnought Resources’ gold hits from the company’s Star of Mangaroon mine.

Lindian Resources will pick up between $1 and $2 a tonne by way of a royalty over its Woula bauxite project in Guinea, with two Guinea-based firms set to lease and mine the project. Woula will churn out about 2mtpa and notably, production should commence within 12 months, setting up a handy income stream for Lindian as it looks to commercialise its massive rare earths asset in Malawi.