Announcements

Surefire Resources is one step closer to obtaining a mining licence at its Victory Bore vanadium project in WA’s Mid West with a baseline environmental study revealing no hurdles in the approvals process. The junior mineral explorer is sitting on one of Australia’s biggest undeveloped deposits of vanadium with a resource of 321 million tonnes averaging 0.39 per cent vanadium pentoxide.

Allup Silica has etched out an exploration target of five to seven million tonnes grading between 98 and 99 per cent silica at its Sparkler C sand project in WA’s Great Southern region. The freshly-minted JORC-compliant exploration target adds weight to the company’s nearby Sparkler A mineral resource estimate of 70 million tonnes at 96.84 per cent silicon dioxide.

Lindian Resources has tabled some of its best assays from drilling at its Kangankunde project in Malawi, with results going up to 13.89 per cent TREO. The company says the average grade of the rare earths critical metal elements, neodymium and praseodymium, was 20 per cent TREO. Three holes went more than 3 per cent TREO across intersections running 150m or more from surface.

Airborne magnetic and radiometric surveying at Venus Metals’ Mangaroon North rare earths project in WA’s Gascoyne region has identified high-priority rare earths carbonatite rock targets along a crustal structure. Eight ironstone-hosted rare earths targets, considered similar to Hastings’ Yangibana and Dreadnought’s Mangaroon-Yin projects, were identified over a 10km strike by the survey.

Javelin Minerals has highlighted a slew of follow-up drill targets at its Husky project in NSW after receiving geochemically-elevated results for multiple minerals from a recent air-core program at the site. The company has already started an RC drill campaign of 10 holes at the project to test the new geochemical features at depth.

BMG Resources has delivered an impressive 518,000-ounce maiden gold resource from an 11.1-million-tonne haul at 1.45 grams per tonne gold at its Abercromby gold project near Wiluna. The company says mineralisation at its Capital gold deposit starts at surface and continues along strike outside the resource footprint, adding considerable potential. The project is on granted mining leases, providing an expedited pathway to mining approvals.

ASX-listed biotech Radiopharm Theranostics has secured the supply of a valuable isotope that will enable the company to soon kick off a human trial of a treatment designed to tackle brain cancer. Management says the isotope, Therbium-161, boasts great promise in helping to expand treatment options for patients living with cancer – but it is in short supply.

ChemX Materials has started building a maiden resource foundation with impressive first assay results from drilling at its South Australian deposit, including a 6m hit grading 18.5 per cent manganese from 9m. The company says it has now received data from 39 holes of its 94-hole campaign, which targeted the high-grade manganese that can be efficiently converted to high-purity manganese for the electric battery market.

Altech Batteries has unveiled a stunning first look at its cutting-edge Silumina Anodes pilot plant in Germany after completing the construction of its laboratory, power supply and wet-circuit infrastructure. The company’s patented high-capacity and high-purity alumina-coated silicon and graphite anodes are designed for use in lithium-ion batteries. Its pilot plant is due to be scaled up to a 10,000 tonnes per annum production facility.

WA-focused explorer Kairos Minerals has become a multi-listed trader after joining the United States’ OTCQB venture market. The company started trading at market opening on April 6 under the ticker “KAIFF”. Created in 2010, the OTCQB is the middle tier of the over-the-counter market for US shares. The company says the move will provide exposure to US investors without impacting its ASX listing.

Auric Mining has drilled widespread sulphides and quartz veining over a 500m-long trend around an intensely-worked alluvial gold mine at Miitel South, near the abandoned WA town of Widgiemooltha. The best result in assays from three RC holes was 2m at 2.84 grams per tonne gold from 39m. It was part of a zone of widespread quartz veining and disseminated pyrite.

Xanadu Mines has begun a massive 30,000m, four-rig infill diamond drill campaign at its Kharmagtai copper-gold project in Mongolia, with results set to support the company’s upcoming prefeasibility study. The aim of the exploration program is to update the current open-pit mineral resource areas to an indicated category and deliver a maiden ore reserve estimate for the operation.

Venture Minerals has unveiled hopes of supplying boron to global markets after identifying large-scale borate-hosted tin and boron zones throughout its Mount Lindsay skarn mineralisation system in northern Tasmania. Venture appraised 102 historic diamond drill intersections to identify borate tin-boron zones not previously assessed in any mining studies at Mount Lindsay. Boron is critical in the solar panel and electric vehicle industries.

Lithium Australia is one step closer to bringing its lithium ferro phosphate cathode powder pre-qualification plant to reality after results from independent testing confirmed its product proved more stable than the two leading commercial brands. The combination of commercial grade graphite and LFP demonstrated the potential to support long-lifetime cell designs. The testing was undertaken by NOVONIX Battery Technology Solutions as part of a customer joint materials selection program.

Kairos Minerals is poised to drill-test a recently discovered 1km long light and heavy rare earths anomaly which has produced early results going up to 553 parts per million total rare earths oxide. The pending RC drilling program at its Roe Hills project, 100km east of Kalgoorlie also includes some tantalising results for neodymium and praseodymium reaching up to 126ppm, heavy rare earth oxides grading up to 154ppm and light rare earth oxides running up to 420ppm.

Askari Metals has stepped up its aggressive exploration strategy across two tenements at its Uis lithium project in Namibia where it is targeting previously identified pegmatites. The dual RC campaign forms part of a recently expanded phase 1 program at tenement EPL 8535 from 3000m up to 4000m where it has pinpointed at least four different target zones.

Venus Metals Corporation subsidiary Redscope Enterprises will increase its net smelter royalty from the Youanmi Gold Mining leases to one per cent after signing a deal with St Claire Resources. Redscope currently holds a 0.7 per cent net smelter royalty for the Youanmi leases that will increase to one per cent following the completion of the deal with St Clair handing over its 0.3 per cent share.

ASX-listed Codrus Minerals has kicked off its maiden hunt for critical minerals with 2000m of RC drilling at its niobium-rich Karloning project in WA making the company a first mover to explore exclusively for rare earths in the area. After a successful reconnaissance exploration program last year, Codrus is keen to push deeper into the earth and test the potential of the Karloning project.

Superior Resources has confirmed the discovery of significant molybdenum mineralisation at its Bottletree prospect that forms part of the company’s Greenvale copper project near Townsville in Queensland. Recently received assay results from a drill campaign completed in December show impressive figures with a 6m intercept at 1.39 per cent molybdenum from 470m including a 1m section at an outstanding 5.2 per cent molybdenum from 474m.

Brightstar Resources has extended its Cork Tree Well gold deposit 30km north of Laverton, WA with a successful 30 RC hole 6000m drilling campaign. Assays from the first 13 holes have confirmed gold mineralised extensions along strike and at depth with the best results including a 2m hit grading 4.23 grams per tonne gold from 106m, 2m running 3 g/t from 140m and 4m at 1.88 g/t gold from 152m.

Toro Energy has extended its Dimma nickel discovery with another massive nickel sulphide intersection of 2.4m with P-XRF analysis between 1.4 and 5.1 per cent nickel. Drilling intersected an 8.9m zone of visible nickel sulphide mineralisation from 327.2m downhole. Dimma is one of Toro’s four new nickel sulphide discoveries in a 7.5km long komatiite rock unit at WA’s Yandal greenstone belt.

88 Energy will proceed to flow testing after confirming multiple hydrocarbon bearing pay zones at its Alaskan Hickory-1 oil well. The company’s wireline program discovered a new zone in addition to verifying hydrocarbon bearing pay zones across all pre-drill targets. Estimated net pay was calculated from wireline data and totalled 137.1m. Pre-drill expectations were all met or exceeded on reservoir quality, thickness, size and total net pay.

Lindian Resources has received positive signs from early phase metallurgical testwork at its Kangankunde project in Malawi with results showing concentrate grades of around 60 per cent rare earth oxides. The company says the test results show that water-only, low-cost gravity and magnetic beneficiation techniques are suitable for the mineralisation found at the operation.

Askari Metals is pulling out all stops as it hunts lithium at its Uis project in Namibia that adjoins Andrada’s 71.5 million tonne lithium-tin mine. The company has wrapped up the acquisition of a 90 per cent interest in the 114 square km exploration licence with a binding agreement to purchase the rest. RC drilling has kicked off after project wide mapping and sampling identified new pegmatite drilling targets.

Neometals has increased its ownership in joint venture company Recycling Industries Scandinavia AB (RISAB) up to 72.5 per cent as it moves towards developing Finland’s first vanadium recovery project. The remaining 27.5 per cent of RISAB equity is held by unlisted Australian mineral development company Critical Metals.

Conico is set to feed more thick high-grade nickel-cobalt-manganese-scandium hits into an imminent updated mineral resource estimate on its Mt Thirsty nickel-cobalt project near Norseman. Recent drilling has pulled up a clutch of significant hits including 10m running at 0.09 per cent cobalt, 0.71 per cent nickel, 0.38 per cent manganese and 23 grams per tonne scandium.

ASX-listed Godolphin Resources believes maiden metallurgical results from independent laboratory ANSTO have confirmed the low-cost development potential of its Narraburra rare earths project in New South Wales. The company says a recovery rate of 92 per cent of the key magnet rare earths praseodymium, neodymium, terbium and dysprosium, puts the project in a good position ahead of larger-scale testing and a bulk sampling program.

With iron ore prices hovering around US$120 per tonne (A$178) Venture Minerals is seriously considering restarting its Riley iron ore mine in Tasmania which has been on care and maintenance since September 2021. At the time of its closure, the price of iron ore was in free-fall plunging to US$80 per tonne (A$118) in late 2021.

Surefire Resources is growing in confidence that a large gold mineralised system is emerging at its wholly-owned Yidby project, after finding sulphide-rich quartz porphyry in all 25 of its most recent RC drillholes. Visible gold was also seen in several locations at the project, 350km north-east of Perth in the Yalgoo-Singleton greenstone belt. Samples from all holes are now being analysed.

Venus Metals Corporation and Rox Resources are headed for a mineral resource upgrade at their Youanmi gold project after impressive new drill results, including a 4m hit at 14.85 grams per tonne gold from 298m. The joint venture partners say the high-grade results confirm significant gold endowment at the project that sits about 480km north-east of Perth.

Kairos Minerals is far from resting on its glittering gold laurels as the company zeros in on a boost to its existing 1.1-million-ounce resource at its flagship Mount York project in WA’s Pilbara region. Management says it has landed wide hits including 82m at 0.57g/t gold from 104m, which contained 11m grading 1.25g/t from 135m and 17m running 1.03g/t gold from 169m.

Chimeric Therapeutics will showcase its cutting-edge cell therapy work before the world’s leading cancer specialists in the United States in June, joining a select cohort picked from more than 6500 entries. The Melbourne biotech will outline its new clinical trial, designed to test its potential treatment for brain cancer, at the annual meeting of the American Society of Clinical Oncology.