James Pearson

Xanadu Mines has unearthed four new copper targets from geological mapping, rock-chips and geophysics fieldwork at its Sant Tolgoi copper project in Western Mongolia with assays of up to 2.1 per cent copper. The new key drill targets stretch across a four kilometre east-west shear on a western extension of the controlling Khangai Fault system with all tests pointing to mineralised intrusions.

Radiopharm Theranostics revealed the results of a clinical study of its cutting-edge imaging agent, 68Ga-RAD 301 on 44 pancreatic cancer patients – using its the biggest cohort yet – which delivered strong results. Importantly, the visual response was excellent with a high tumour-to-background ratio and no adverse events were recorded, which, according to the company, suggests RAD301 is a suitable and safe diagnostic agent for imaging αvβ6-protein expression in pancreatic cancer.

Larvotto Resources has gained membership of a consortium that provides a gateway to seek funding from and supply products to organizations associated with the US Defence Department. Larvotto says its Hillgrove project in NSW is capable of supplying 7 per cent of the world’s antimony needs, a highly sort after metal that is used in the manufacturing of ammunition.

In a well-timed deal, US-listed Uranium American Resources is set to snap up three U.S. uranium projects with existing resources for US$8.5m in cash and scrip, providing a potentially quick pathway to production. With demand for uranium as a clean energy source increasing and the price trading around US$85 a pound, Uranium American’s pivot looks to be well timed.

Great Southern Mining and Gold Fields Ltd have found a huge, 2km-wide induced polarisation target, potentially a big porphyry gold-copper system, lurking at their Edinburgh Park project in Queensland. The buried structural geological feature is coincident with a grab bag of other exciting geological indicators including positive soil samples, rock chips going over 10 g/t gold and sulphides outcropping at surface.

Aguia Resources will lease, rather than build, a 100,000tpa phosphate processing plant in Southern Brazil, fast-tracking expected production to mid-2025 and sidestepping a multi-million-dollar capex bill. With an up-front cost of A$1.3 million, the 10-year lease will incur a A$43,000 monthly rental, equating to just A$5.13 a tonne.

Strickland Metals has launched phase two metallurgical testing to test metal recoveries before locking down processing flowsheets from its Shanac deposit, part of the company’s Rogozna gold and base metals project in Serbia, after bulk samples arrived at ALS Laboratory in Perth. The 400kg sample, made up of core from Shanac is now under the supervision of Macromet, a specialist mineral processing consultant.

88 Energy has wrapped up a successful 2D seismic program across its petroleum exploration licence in Namibia’s Owambo Basin with initial analysis picking up significant subsurface structures. The company will soon begin crunching the processed data in collaboration with joint venture partner Monitor Exploration and look to produce an independent prospective resource estimate by April next year.

Meeka Metals' Murchison gold project, 50km north of Meekatharra, is ahead of schedule with its 136-man camp and haul road nearing completion, targeting a mid-2025 first gold pour. And with 88 of the 136 accommodation rooms now fully commissioned, Meeka has importantly, created the opportunity to save some valuable time by ensuring space for the expanding workforce on-site.