Public Company News

Valor Resources is set to kick off its hunt for uranium in Canada’s world-renowned Athabasca Basin using an airborne electromagnetic survey – a proven technique in identifying nearby deposits of the silvery-grey metal. Results from the survey at the Cluff Lake project are expected in the second half of this year and will guide a drilling program planned to begin in the September quarter.

Aurum Resources has uncovered high-grade gold in a diamond drilling program at its Boundiali project in in Côte d’Ivoire, with assays showing a headline 4m interval grading an eye-catching 22.35g/t from 226m. But the standout intersection was not sitting solo, with other results including 5m at 4.73g/t from 53.5m including 1.1m grading a healthy 20.35g/t and 16.64m at 1.45g/t from 56.26m including 10.4m going 2.11g/t.

Radiopharm Theranostics says it has dosed its first pancreatic cancer patient in the initial phase of a study aimed at providing doctors with an enhanced screening process for the lethal and aggressive disease. The clinical trial is for the company’s patented “RAD301” radiopharmaceutical technology that is designed to detect lesions in patients with pancreatic ductal adenocarcinoma and create better health outcomes.

Infinity Mining has topped up its total gold resource inventory to 63,000 ounces with the addition of a maiden 2700-ounce gold resource estimate from its Great Northern project at Leonora in Western Australia. The company has 10 mineral tenements in the Leonora district and is developing a portfolio of gold resources, with its eye on an initial 500,000-ounce target.

88 Energy is poised to start flow-testing two reservoir zones in its Hickory-1 well in Alaska as it takes aim at upgrading its prospective resources to the higher-confidence contingent category. The company says both zones showed strong hydrocarbon indicators during drilling and have a combined gross, unrisked best technical prospective resource estimate of 358 million stock tank barrels of oil.

After selling the Millrose gold project for $61 million last year, Strickland Metals says its latest gold drill hits at its Celia South prospect out in the WA desert show geological potential for a similar operation. The company says results from maiden reconnaissance air-core drilling at the Warburton Mineral Field site include grades of up to 8.6 grams per tonne gold.

Ora Banda Mining has discovered a new high-grade lode system at its Sand King deposit near Kalgoorlie, with the first exploration hole at the site delivering a 16m hit grading 5.6g/t gold from 145m. The hole extends mineralisation at the prospect to the north by 100m as Sand King continues to firm as the company’s preferred option to host a second underground gold mine.

Everest Metals Corporation is scaling up its Mt Edon critical mineral project in WA’s Mid West region after securing Edith Cowan University’s mineral research arm to help develop an innovative rubidium extraction process. The pair’s new research agreement will represent a key stage towards developing the dual-mineral deposit that sits about 350km from the town of Geraldton.

Classic Minerals has its sights set on production at its Lady Ada and Lady Magdalene gold deposits in Western Australia after tabling a mining lease application for the Forrestania tenements that contain the two projects. Once approved, the licence will allow the company to mine all the gold resources at Lady Ada and Lady Magdalene, which currently hold a combined 311,050 ounces.

With uranium prices soaring globally, Toro Energy has reconfirmed its commitment to constructing its Lake Maitland pilot plant to test ores from three uranium-vanadium deposits within a radius of 110km south-west of Wiluna in Western Australia. The company says its recently-commissioned pilot plant will test improved beneficiation and hydrometallurgical circuits that it has developed from its bench-scale research.

Galan Lithium says it has set the evaporation process in motion at its Hombre Muerto West lithium brine project in Argentina, with the earthworks and lining of its first pond officially complete. The company is targeting first-phase lithium chloride production at the operation in the first half of next year and continues to tick off key infrastructure milestones.

American West Metals is set to launch a new drill attack and smash into an exploration and resource expansion program at its Storm copper play on Somerset Island, within the Canadian territory of Nunavut. After recently boosting its cash holdings by $10 million, it expects the drill program to begin next month, with about 22,000m of reverse-circulation and diamond drilling planned.