Public Company News

Everest Metals is on a mission to add copper to its Revere gold project near Meekatharra, with a diamond drill campaign kicking off just 50km south-east of Sandfire Resources’ DeGrussa copper-gold project. The 1000m program has been designed to test for volcanic-hosted massive sulphides that have been modelled to occur at depth and will include three deep diamond holes sunk to about 350m.

The hits keep coming for American West Metals, with the latest results from drilling at its Storm copper project in Canada showing assays including a 1.5m section at a whopping 7.1 per cent copper from 82.3m. The impressive hit was contained within a 9.1m intercept grading 2.5 per cent copper from 79.3m that was pulled from a wider 67.1m section reading 1.1 per cent copper from just 54.9m.

Reproductive biotechnology company Memphasys has received a boost for its flagship Felix system, with the first global study of its kind rating the novel technology as “best available” for recovering high-quality sperm for IVF following the sperm’s cryopreservation. The study found that from the three sperm-semen separation systems examined, only Felix exhibited significantly lower levels of DNA damage.

Legend Mining is midway through a diamond drilling program targeting two significant nickel-copper sulphide targets at its Octagonal prospect in Western Australia’s Fraser Range – home to IGO’s mammoth Nova-Bollinger nickel-copper-cobalt mine. Legend is bouncing off a slight delay in drilling operations at its first hole, running a downhole electromagnetic survey to pinpoint additional targets, while the rig lines up on the second hole.

Infinity Lithium remains on track to submit the required applications for development of its San José lithium project in Spain – a proposed integrated lithium mining and lithium chemicals processing plant for electric vehicle batteries and the European Union’s second-biggest JORC lithium resource. Regional election results have increased the company’s prospects for getting the project off the ground.

Budding critical materials producer ChemX Materials is set to kick off construction of its high-purity alumina (HPA) pilot plant in Perth’s southern suburbs in Western Australia. Tweaks to the process flow and plant design have slashed infrastructure costs from $2.5 million down to $600,000 for a refined plant capacity of 24 tonnes per annum of HPA destined for the lithium-ion battery market.

Cell therapy cancer-fighter Chimeric Therapeutics is wasting no time on its mission to commercialise its novel potential treatment for glioblastoma. The ASX-listed company was given approval in April for a phase-1B clinical trial of the treatment, which employs the venom of the deathstalker scorpion. The first of multiple sites to enrol patients in the trial has now been revealed in the United States.

Askari Metals has hit several 100m-wide pegmatites with multiple zones of lithium-bearing minerals in phase-two reverse-circulation (RC) drilling at its Uis lithium project in Namibia. While assay results are pending, the company isn’t slowing its exploration efforts, with its next round of drilling – including the project’s first diamond drill holes – slated to begin in just weeks.

Brightstar Resources has kicked off a scoping study on the combined assets at its Menzies and Laverton gold projects in Western Australia’s Eastern Goldfields, with mining set to begin at the former as soon as next quarter. The company is moving towards becoming WA’s next gold producer after completing its successful merger with Kingwest Resources last month.

Surefire Resources is tallying up the hits from its latest drilling probe at its promising Yidby project in Western Australia’s Murchison goldfields. Early composite assay results returned 4m averaging 5.5g/t gold from 118m, housing a 1m intercept tipping the scales at an impressive 20.81g/t. The gold mineralised envelope has been etched out over a whopping 3km strike length … with no end in sight.

ASX-listed Reach Resources has recorded impressive results from surface samples at its Wabli Creek project in Western Australia’s Gascoyne region, including 14.3 per cent niobium oxide and 6.7 per cent tantalum oxide. The company says the type of mineralisation at the site is rare and presents a unique exploration opportunity. It’s share price doubled on the back of the news.

Galan Lithium is adding the final touches to an optimised two-phase definitive feasibility study at its one of its two lithium brines projects in Argentina. The company is also considering its third and fourth phases that will ramp up production to as much as 60 kilotonnes per annum of lithium chloride concentrate equivalent in the South American region known as the “Lithium Triangle”.