Announcements

American West Metals has unveiled a wave of new copper targets at its Storm project in Nunavut, Canada. The latest slew of greenfield copper prospects underscores what the company says is the “vast greenfield potential” of its 110km-long copper belt at Storm. New prospects, including Seabreeze and Hailstorm, include lab busting copper rock sampling grades of more than 50 per cent copper, the upper limit for the lab testing technique.

Aurum Resources has hit some of its best exploration numbers yet, jagging an impressive 17.31m hit grading 5.9g/t gold including 6m at 16.07g/t gold from diamond drilling at its Boundiali gold project in Côte d'Ivoire. The new hit has increased the depth of mineralisation by a further 100m below the previously deepest hit of 11.46m grading 6.67g/t gold from 162m.

This week’s Bulls N’ Bears Runner of the Week is … Petratherm. The critical mineral explorer discovered titanium and heavy minerals in historical South Australian core library samples. InFocus Group Holdings ran hard after nabbing a potential multi-million dollar agreement to develop a digital gaming product, while other movers and shakers this week were Noviqtech and Narryer Metals.

Altech Batteries has received interest from debt funders for its cutting-edge proposed sodium chloride battery project that it plans to build using a mix of debt, equity, government grants and offtake agreements. The company is planning to produce its “Cerenergy GridPack” batteries courtesy of a 120MWh manufacturing facility in Germany. Remarkably, the active ingredient in the batteries is plain table salt.

Aurumin non-exec director and businessman Daniel Raihani has moved into the managing director’s chair at the gold and iron ore explorer after the departure of company founder Brad Valiukas. Raihani has been a non-executive director at Aurumin for the past year and is an experienced accountant and businessman with various property and commercial interests.

Aguia Resources will shortly kick its uber high-grade Santa Barbara gold project into production. The Columbian project was worked by previous operators years ago and is now only weeks away from a restart. Previous bulk samples from Santa-Barbara went through the pilot plant at an impressive 20 grams per tonne gold and some veins are grading an ounce to the tonne gold.

Kalgoorlie Gold Mining is set to hammer further gold targets with its fourth air-core drill program at its Pinjin project in WA’s renowned 30-million ounce Laverton Tectonic zone, one of the state’s biggest gold endowment regions and host to several producing gold mines. The program will target the company’s prospective Kirgella East gold prospect with a planned 4000m maiden drill campaign.

A project-scale geophysical survey at White Cliff Minerals’ Rae project in Nunavut, northern Canada, has lit up a massive vein hosted conductive anomaly stretching 14km long by 2.2km wide. A second conductor was also picked up next to an existing prospect, pushing the total extent of that target to 10.5km by 23km.

Reach Resources has intercepted thick rare earth hits at its 100 per cent owned Wabli Creek project in WA’s Gascoyne region, scoring a whopping 109m running 1109 parts per million total rare earth oxides. Initial assays from 18 holes drilled at the company’s Pelops target returned significant intersections of rare earths from surface, with multiple holes ending in mineralisation.

Larvotto Resources latest reverse-circulation drill campaign at its Hillgrove project has kept the gold-antimony party going with further big high-grade hits rolling off the drill bit at the company’s Clarks Gully deposit, some 23km east of Armidale in northern NSW. Larvotto also struck visible gold in diamond core drilling at its Bakers Creek prospect within the Hillgrove project area.

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.

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.

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.

Novo Resources has bolstered its bank balance with the sale of its remaining 20 per cent interest in the Quartz Hill joint-venture project, along with the company’s gold and silver rights, for $850,000. Novo is now laser-focused on developing its prospective gold and base metal projects in Western Australia’s Pilbara region.

Pilot Energy has big plans to liquify and then store carbon emissions from WA industrial emitters in its depleted sub-sea oil well near Dongara in WA. It is also looking to lever its oil and gas assets to build a world class clean hydrogen and ammonia facility in WA’s Mid-West. The remarkable project has received a shot in the arm after a Korean energy consortium raised $2.2m to conduct a study on the project.

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.

With antimony prices hitting an all time high and the Chinese government banning exports of the valuable military metal, Octava Minerals is cranking up the drill rig at its Yallalong antimony project 200km east of Kalbarri in Western Australia. The drill bit is set to touch down this weekend for a highly anticipated 3000m reverse circulation drill program just as the silvery metal hits an all-time high of $33,000 a tonne.

Javelin Minerals has wasted no time working up multiple drill-ready targets at its newly acquired Eureka gold project near Kalgoorlie. The project was purchased in October for $3 million in cash and shares and comes with an historic open pit and a 112,000-ounce gold resource grading 1.42 grams a tonne, valuing the deal at less than $30 per discovery ounce.

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.

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.

Estrella Resources has uncovered not one but two supergene manganese discoveries at its Lautém project in Timor-Leste. The reportedly high-grade manganese assets were uncovered using the company’s predictive modelling of its prospective Noni rock formations. Estrella says its Ira Miri and Sica discoveries are around 4.5km apart just outside the town of Lautém and feature some of the highest-grade rock chips sampled to date.

This week’s Bulls N’ Bears Runner of the Week is … NoviqTech. The blockchain powered ledger technology and carbon footprint monitoring company shot up 172% on Friday following a “strategic placement” to cryptocurrency heavyweights including blockchain investor, European politician and High Stakes Poker TV-personality ‘Tony G’.

Empire Energy Group is a step closer to launching a nine-hole drill program at its Carpentaria pilot project in the Northern Territory, having secured key environmental approvals and a production licence for up to 12 wells. The Ensign #965 rig is onsite and ready to start drilling the Carpentaria-5H well imminently, with Halliburton contracted for hydraulic fracture stimulation.

ChemX Materials has been awarded nearly $662,000 by the Federal Government through a research and development rebate for its pioneering chemistry-focussed, patented high-purity alumina research. The cash boost is some $100,000 more than the company was originally estimated to receive under its R&D grant eligibility and will be directed to help drive its 24-tonne per annum HPA pilot plant development in WA.

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.

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.

Horizon Minerals has kicked off mining activities at its Phillips Find gold project outside Kalgoorlie in Western Australia. Pre-strip mining operations are underway at the joint venture with first gold ore expected to be mined from the Newhaven and Newminster open pits at the project by next month.

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.

In a masterclass of timing, Octava Minerals will start a 3000m drill program next week at its Yallalong antimony project, 220km from Geraldton, WA, just as the metal price hits an all-time high of $30,000/t. The campaign will initially target the Discovery and Central zones which have already secured heritage clearance, while the company also completes a geophysical survey.

Dateline Resources has revealed a potential ace up its sleeve at its 1.1-million-ounce Colosseum gold project outside of Las Vegas in California, suggesting mine waste at the gold project could provide a crucial second revenue stream by converting it into construction materials to serve the bustling southern Nevada concrete market.