Bulls N' Bears (Commercial Content)

Triangle Energy has cashed its first payment for the sale of its share in the Cliff Head oil joint venture in Western Australia. The $2.4 million payment from JV partner Pilot Energy represents the first of multiple payments totalling up to $18 million for Triangle who will pivot into serious exploration as it prepares to drill further wells in the Perth Basin.

St George Mining has bolstered development plans for its high-grade Araxá niobium-rare earths project in Minais Gerais, Brazil, signing a strategic development and offtake partnership with leading global metals trader SKI HongKong. The memorandum of understanding endeavours to drive development of Araxá through both technical and financial assistance from SKI.

ASX-listed Radiopharm Theranostics has partnered with US-based BAMF Health for a phase 2b trial in the US to test its “F18-RAD 101 radiotracer”. The innovative treatment targets the fatty acid synthetase, which is a protein over-expressed in brain tumours but absent in healthy cells. It uses a molecule combined with the F18 isotope to enhance tumour detection and treatment precision.

Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna. The move is set to dramatically impact the company’s previously tabled scoping study on the project that will now benefit from both uranium and vanadium sales. The combination of the two resources may also lead to economies of scale when it comes to mining according to the company.

In this edition of Bulls N’ Bears Big Hits, we examine some notable drill intercepts revealed on the ASX last week, including at Argent Minerals’ Kempfield Project in NSW with its 47m at 10.18g/t silver hit. We also take a look at other interesting drill hits from last week as reported by Nova Minerals from its RPM target in Alaska and West African Resources’ M1 South resource in Burkina Faso.

Javelin Minerals has upped its planned maiden drilling program at the Coogee gold project near Kambalda in WA from 2500m to 3000m after identifying several opportunities to extend known mineralisation. The company plans to launch its combined RC and diamond drilling program in mid-November in two phases to confirm potential extensions below the old Coogee open-pit and to expand mineralisation north and west of the pit.

A magnetic survey by Carnaby Resources has found a major conductor at the San Quentin prospect beneath outcrops of up to 6.7 per cent copper at its Greater Duchess JV with Latitude 66 in Queensland. The prospect is near the 4.2 million tonne Nil Desperandum deposit and and boast some 800m of outcropping copper mineralisation that is yet to be drilled.

Red Metal Ltd says its giant 4.8 billion-tonne rare earths deposit at its Sybella project near Mt Isa in QLD is a globally significant discovery. In revealing its maiden inferred mineral resource estimate, the company also pointed to a shallow section of the deposit at surface that is weathered granite and therefore potentially amenable to low-cost heap-leach processing.

This week’s Bulls N’ Bears Runner of the Week is … Ovanti Ltd. The buy-now-pay-later hopeful is planning to tackle the U.S market after appointing an ex-Zip Co executive to drive its plans forward. Also, Nanoveu ran hard as it readies for crucial testing on its new semiconductor technology, while other movers and shakers this week were African Gold and James Bay Minerals.

Image Resources has targeted a mid-2025 start to heavy mineral concentrate production at its Atlas project, 170km north of Perth, after securing essential water licences to accelerate construction. The milestone has now offered a clear timeline for renewed cash flows - expected to be $62m pre-tax over two years - almost two years after shutting down the successful Boonanarring project, located 100km south of Atlas.

Surefire Resources has identified nine new drilling targets from reinterpreted IP geophysics data, structural interpretations and re-logging at its Yidby gold project in Western Australia’s Mid West region. The company says the work significantly complements its understanding of the mineral system and controls on gold mineralisation previously intersected by its drilling and points to potential depth extensions for the porphyry-hosted system.

Askari Metals has revisited exploration data from its Horry copper-gold play in Western Australia’s Kimberley region to whip up new drill targets after fielding significant interest in the company’s local assets due to strong commodity pricing for both metals. Based on previous programs at the site, management now believes it has the potential to reveal high-grade mineralisation via a significant exploration push.

In a stunning business turnaround, Ora Banda Mining has set a quarterly production record, delivering 24,327 ounces of gold at a grade of 3.4 grams per tonne from its Davyhurst project in Western Australia’s renowned Goldfields region. The company’s cash reserves jumped 81 per cent to $48.7 million, while its share price surged 15 per cent to a 77c high today on strong trading volume.

Subiaco-based Altech Batteries has supercharged its alumina-coated silicon anodes to boost the energy capacity of lithium-ion batteries by 55 per cent after combining graphite with its high-tech anodes. The company says the game-changing results stem from its strategy to coat silicon particles with alumina, overcoming previous drawbacks associated with using silicone as an anode material.

Latitude 66 says it has unearthed high-grade gold and copper mineralisation at its Visna and Petaja prospects in northern Finland and has also worked up multiple new exploration targets before wrapping up a successful summer fieldwork program at its Peräpohja Schist Belt (PSB) project. The company is now planning further mapping at Visna before the exploration season closes down for winter.

Thunderbird Resources is racking up the uranium targets at its Cluff Lake project in Canada’s world-class Athabasca Basin, with results from a detailed electromagnetic survey lighting up a suite of intriguing conductors that may have identified favourable geological settings for yellowcake mineralisation. Several targets sit along strike from the nearby Shea Creek deposits that collectively contain 95.85 million pounds at 1.3 per cent uranium oxide.

American West Metals has delivered more thick, juicy Canadian copper hits at its flagship Storm project in Nunavut, with high-grade assays continuing to flow from both its Chinook and Cyclone deposits. The company says its latest drilling has further bolstered the Chinook deposit’s potential as an open-pit starter mine, with high-grade copper mineralisation starting from surface at the site.

A recent induced-polarisation geophysical survey run by Strickland Metals at its Rogozna gold project in Serbia has highlighted what the company says are two targets exhibiting strong chargeability anomalism. The survey identified the Jezerska Reka and Obradov Potok targets as having bigger anomalous zones, with stronger responses than the anomalies associated with its Shanac and Copper Canyon deposits that comprise a 5.4 million-ounce gold-equivalent resource.

Estrella Resources has jagged what the company says is its biggest-ever manganese outcrop in Timor-Leste – a massive supergene zone discovered 500m south of its Samalari prospect during ongoing mapping efforts. The recent find is particularly important due to the sheer scale of the manganese-iron oxides-rich outcrop that has been traced across a 1.7km strike and ranges between 2m and 6m in width.

ASX-listed Radiopharm Theranostics has joined forces with a renowned global radiopharmaceutical manufacturer to produce its cancer-fighting treatment that targets commonly over-expressed protein in human tumours. The company’s agreement with Canadian-based AtomVie Global Radiopharma has been cemented via Radiopharm Ventures – a joint venture it shares with the highly-regarded MD Anderson Cancer Centre in Texas in the United States.

With the antimony market booming and setting the share market alight, Bulls N' Bears has gone looking for the next critical metal shouting out for attention from new technologies – and it could be tungsten. Driven by demand in the industrial, renewables and defence sectors – and a shrinking supply – the alloy-hardening metal could soon join the chorus of critical minerals that are making all the noise.

Aurum Resources is on the cusp of becoming a bigger shark in the West African gold pond after circling fellow ASX-listed Mako Gold with an all-scrip bid at a whopping 112 per cent above the market price. Mako’s share price surged nearly 80 per cent on the back of the news that would create a major African gold explorer with cash reserves of AU$20 million.

Legend Mining is priming the drill bit for the Magnus prospect within at its Rockford project in WA after picking up four highly-conductive plates using its advanced high-powered fixed-loop electromagnetic survey. The most significant plate, with conductance measuring up to 5000 siemens, sits at the edge of a gravity anomaly and 550m below the deepest drilling to date, hinting at an undetected, but mineral-rich target.

Buxton Resources has unveiled high-grade iron rock chips from its Narryer project in WA’s Gascoyne region after reconnaissance sampling at its Stonehut magnetite prospect returned iron samples grading more than 41 per cent across a 2km strike. Assays included samples of up to 47.2 per cent iron, considered high-grade for magnetite, and the company will now launch follow-up programs to establish the prospect’s potential scale.

Lycaon Resources is a step closer to launching a maiden drill campaign at its fully-owned Stansmore polymetallic play in Western Australia’s prospective West Arunta region after locking in a drilling contractor for the work. The company has appointed Subiaco-based Topdrill just a day after confirming final heritage and works permit approvals, paving the way for it to begin drilling early next month.

Carnaby Resources has identified its undrilled San Quentin prospect as a new copper target, with rock-chip grades going up to 6.7 per cent at the Greater Duchess project it shares with Latitude 66 in Queensland. Sitting 2km to the south-east of the JV’s Nil Desperandum copper discovery near Mount Isa, management says San Quentin is showing 800m of outcropping mineralisation.

Quantum Graphite has extended its land grab at the Uley project in South Australia, increasing the ground area to 117 square kilometres at the site near the State’s historic fishing town of Port Lincoln. The company is on the hunt for deposits of flake graphite to supply the critical mineral into its Sunlands Power joint venture for conversion into thermal energy storage cells.

South Perth-based mining giant IGO has passed the $350,000 exploration expenditure threshold required for it to grab a 51 per cent slice of Buxton Resources’ promising Copper Wolf project in Arizona. And IGO can now continue on to grab another 19 per cent interest in the joint venture project it shares with Buxton by spending a further $5 million.

On a massive turnover of more than 105 million shares, White Cliff Minerals' stock surged more than eight per cent today after the company revealed multiple copper rock-chip samples grading more than 50 per cent from its Rae project in Canada’s Nunavut territory. The maiden field program confirmed large-scale, high-grade copper occurrences at both the company’s Rocket and Thor prospects.

Xanadu Mines has unveiled a prefeasibility study of biblical proportions at its Kharmagtai copper-gold project in Mongolia’s South Gobi Desert, including a pre-tax US$1.4 billion NPV, an IRR of 31 per cent at spot commodity prices and a mine life of nearly three decades. The study confirms the project’s potential as a globally-significant, low-cost, long-life mining operation.

In this edition of Bulls N’ Bears Big Hits, we examine some of the more notable drill intercepts revealed on the ASX, including African Gold’s 33m at 2.4g/t gold at its Didievi project in Cote d’Ivoire. We also take a close look at other interesting drill hits from last week as reported by Nexus Minerals and Great Southern Mining, both from WA’s Goldfields region.

Lycaon Resources has secured its final heritage and program of works approvals to clear the way for drilling at its multi-element Stansmore carbonatite project in Western Australia’s West Arunta region. The heritage clearance survey, which was completed in July, relates to the company’s three priority Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold.