Announcements

ASX-listed Neometals’ joint venture (JV) with Primobius is a step closer to bridging the lithium-ion battery circular economy. Improvements to the partnership’s refining process in its patent-pending battery recycling technology have increased metal recoveries to more than 95 per cent of nickel, cobalt and copper – far exceeding the recovery requirements in the European Union’s pending battery regulations.

Infinity Mining will ramp up drilling at the most prospective targets across five of its projects in Western Australia’s Central Goldfields after results from a recent 37-hole reverse-circulation (RC) program returned grades of up to 21.86 grams per tonne of gold. The company is now planning its follow-up drilling campaign for late this year or early next year.

Horizon Minerals is charging towards a resource estimate upgrade after completing an eight-hole drill program at its Penny’s Find gold mine, 50km north-east of Kalgoorlie. Results show its high-grade lode is open at depth, with intercepts including 3.2m at 4.19g/t gold from 318.3m, 1m grading 7.49g/t from 363.9m and 0.78m going 12.85g/t gold from 331.48m. Underground mining is planned.

Geochemical sampling has confirmed massive nickel-sulphides at ASX-listed Toro Energy’s Jumping Jack discovery, which is part of its wholly-owned Dusty nickel project in Western Australia’s northern Goldfields. Toro’s 10,000m drilling program has continued this year at Dusty, which now boasts four massive nickel-sulphides discoveries and sits just 50km east of BHP’s world-class Mt Keith open-pit nickel operation.

Latest assay results from St George Mining’s lithium hunt at its Mt Alexander project in Western Australia have returned intersections going as high as 1.77 per cent as the company chases a bigger fractionated pegmatite system. Management says its headline hit was 1m going 1.77 per cent lithium from 96m, while another 2m intersection graded 1.49 percent from 109m.

WA-based mineral explorer Lindian Resources has released the highest assay grades to date from its Kangankunde rare earths project in Malawi, with headline figures including 293.4m at 3.66 per cent TREO from 4m to end of hole. The company says the “spectacular” results mean Kangankunde is emerging “as one of the world’s greatest rare earths assets”.

A positive meeting with the United States Food and Drug Administration has boosted Radiopharm Theranostics' approval prospects for an investigational new drug clinical trial for its brain cancer treatment. The company’s F18-Pivalate is a novel radiotracer that combines a molecule and a radioisotope for the detection, characterisation and monitoring of brain metastases and glioblastoma – an aggressive form of brain cancer.

Aruma Resources is hunting for unconformity-related rare earths at its Saltwater project in WA’s emerging Pilbara province. Fieldwork will consist of detailed mapping and extensive surface sampling through an 80km prospective strike, with work to start at a 15km-long priority radiometric target. Previous results of up to 11 per cent rare earths at the project will give Aruma confidence it could have the real deal.

Empire Energy Group says it has a “nationally significant resource” on its hands after an independent review of its EP187 site boosted its estimated 2C contingent resource by 270 per cent to 1739 petajoules (PJ). It says the analysis increases its conservative 1C contingent resource by 217 per cent to 304 PJ and the best-case 3C contingent resource by 129 per cent to 3507 PJ.

Conico Limited has revealed more shallow high-grade nickel-cobalt-manganese-scandium results from its Mt Thirsty JV near Norseman. Results include 29m grading 0.09 per cent cobalt, 0.62 per cent nickel, 0.73 per cent manganese and 33.2g/t scandium from surface. The resource is 66.2 million tonnes grading 0.06 per cent cobalt, 0.43 per cent nickel and 0.45 per cent manganese, with the project’s scoping study due in July.

DiscovEx Resources’ JV partner, Carnaby Resources, has added more high-grade copper hits to its highlight reel at the duo’s Burke and Wills copper-gold prospect near Mt Isa in Queensland. Headline results from a recent 10-hole campaign include 8m going 2 per cent copper and 0.5 grams per tonne gold from 130m, containing 3m grading 5.2 per cent copper and 1.3g/t gold from 130m.

Aruma Resources has unearthed a new “Rose” prospect, not far from its Thistle target, following a reverse-circulation drill campaign at its Salmon Gums gold project in Western Australia’s Eastern Goldfields region. The Rose target was highlighted on the back of positive results that include 1m at 2.3 grams per tonne gold from 27m. The new discovery sits between the company’s Thistle and Iris prospects.

ASX-listed Emu NL has confirmed “outstanding” rare earths at its Graceland project near Lake Grace after its maiden drill campaign at the site returned results of up to 960 parts per million TREO. It completed an eight-hole RC drill campaign at the operation in January, with highlights showing a 32m intercept at 716.75ppm TREO from 32m, including 4m grading an impressive 960.66ppm TREO from 32m.

Askari Metals has expanded the footprint of its Uis lithium project in Namibia after completing the acquisition of the remaining 10 per cent of tenement EPL 7345, which covers about 114 square kilometres. The company took its full ownership after picking up the remaining 10 per cent stake in the private company which had owned the ground.

CZR Resources has inked an option agreement to acquire a granted exploration tenement just 70km south of the Port of Ashburton as it ponders a potential stockyard and haulage depot to service iron ore exports. Apart from its potential as an infrastructure hub, management says its new tenement also hosts the Mt Minnie project, which is prospective for copper-gold mineralisation.

Toro Energy’s latest diamond drilling campaign has extended its Dimma nickel discovery in WA’s Goldfields, with 2m of continuous massive nickel sulphide intersected from 147.2m. Management says its new results stretch the mineralisation at the deposit to 160m and that portable XRF analysis suggests nickel grades of between 1.5 and 3.4 per cent. The discovery remains open along strike in both directions and at depth.

A maiden RC drilling program at BMG Resources’ Bullabulling project in WA’s East Yilgarn lithium corridor has tapped into an intriguing swarm of potentially lithium-rich pegmatites. The junior explorer’s shares spiked nearly 85 per cent to 2.4 cents today on the back of the encouraging discovery. BMG has until next month to make the final decision to acquire full ownership of the prospective tenure.

Joint venture partners Octava Minerals and Future Metals NL have launched a drill hunt for platinum group metals and nickel at their Panton North project in Western Australia’s Kimberley region, chasing an extension of the neighbouring 5-million-ounce Panton platinum group metals deposit. Management says its more than 2000m campaign will target areas which attracted interest in previous fieldwork.

Budding Australian gas producer Empire Energy Group has wound up the latest round of flow-testing at its Carpentaria-2H gas well in the Northern Territory, pulling up a total of 323 terajoules over 127 days. As Empire gears up to commence testing at its Carpentaria-3H well, its impressive flow rates are eliciting the attention of a growing list of potential suitors for the in-demand energy source.

TSX-listed Novo Resources hopes its latest AC drilling results, which show a likeness to early work at De Grey Mining’s ’s lucrative Hemi gold operation, will prove a significant step for the company in the Pilbara. Drill highlights include a 3m hit at 5.23 grams per tonne gold from just 9m and another 3m intercept going 2.93g/t gold, also from 9m.

Lindian Resources says the second phase of its depth-extension drill program at its promising Kangankunde rare earths project in Malawi is on track – and it has whetted the appetite of investors by flagging the return next week of more assay results from its phase-one work. The critical minerals company expects to release a maiden mineral resource estimate by the end of next month.

Godolphin Resources is planning a drilling program to follow up fieldwork at its Yeoval East prospect and further expand its resource footprint in NSW’s rich Lachlan Fold Belt. Soil and rock-chip program results identified a 150ppm copper zone about 600m long and 200m wide. Copper results ran up to 0.14 per cent from soil samples and 0.28 per cent copper from rock chips.

Kalgoorlie Gold Mining (KalGold) has wrapped up a deal to secure a valuable 22km-long swathe of the Laverton tectonic zone, north of Ramelius Resources’ 1.1-million-ounce Rebecca gold project in WA’s Eastern Goldfields. The company appears to have hit early paydirt, stumping up visible gold in one of the first three RC holes probing its Kirgella Gift prospect.

Estrella Resources has identified a slew of fresh targets at its Carr Boyd nickel project near Kalgoorlie following a review of data from its partnership with the CSIRO and results from a recent seismic survey. The company says it has highlighted 30 targets, including 15 with known nickel-copper-platinum group element intersections and another 15 hosting the right geology, but which are yet to be tested.

Aurumin is primed for another stint on the rig at its Sandstone gold project, 520km north-east of Perth. A 5000m campaign will chase targets from geochemical and structural work at the project and is expected to launch early next month, with management saying the 44 holes of exploratory work will cover nine open-pit targets that all sit within a 3km radius of its processing plant.

American West Metals has continued its unbroken run of hitting thick copper intervals at its Storm project in Canada, with its latest batch of eight holes all showing strong visual sulphides from reverse-circulation (RC) drilling. Management says assays received from its resource definition program include 15.2m at 1.2 per cent copper containing 4.6m going 2.8 per cent copper from 54.9m.

Xanadu Mines has begun an aggressive 18,000m discovery exploration drilling campaign at its Kharmagtai copper-gold project in Mongolia, with results set to be incorporated into an ongoing prefeasibility study. The program includes two additional diamond drill rigs, with one set to cover 8000m of deep exploration targeting high-grade and large-scale mineralisation at depth. A further 6000m is planned, depending on results.

Galan Lithium has filled its coffers to the tune of $31.5 million from an institutional placement priced at $1.05 per share to help drive development at its Hombre Muerto West lithium brine project in Argentina. It says the funds will be used to purchase long lead items for its proposed lithium carbonate pilot plant and the stage-two definitive feasibility study at the project.

PolarX has kicked off a series of induced polarisation surveys across its Humboldt Range operation in Nevada as it follows up gold and silver anomalies from its earlier soil-sampling programs. The surveys will be used to identify targets for follow-up drilling across the company’s Fourth of July and Black Canyon projects in a bid to replicate the multi-million-ounce deposits that sit nearby.

WA-based minerals explorer Terrain Minerals has uncovered a 600m-long induced polarisation anomaly at its Smokebush gold-lithium project in WA’s Mid West. The company had already planned to start an RC campaign to search for gold and lithium at the project next month, but reviews of historic drilling has presented new targets – including the newly-discovered anomaly.

Aurum Resources is edging towards exploration on its Ryans Find gold project north-east of Southern Cross after completing a two-day on-site heritage clearance survey alongside the land’s traditional owners – the Marlinyu Ghoorlie Native Title Claimant Group. Management says drilling at its deposit will be scheduled once a report from the heritage consultants, Fremantle-based Terra Rosa, has been reviewed.

Lindian Resources has inked a supply deal with a new partner flush with cash. The company has revealed a six-year agreement with C&D Logistics, which will see it supply 23 million wet metric tonnes of bauxite from its Gaoual project in Guinea. Kicking off in 2025, the supply agreement requires annual negotiation on price, quantity, product quality, payment terms and delivery details.