Public Company News

Aruma Resources has unearthed a new “Rose” prospect, not far from its Thistle target, following a reverse-circulation drill campaign at its Salmon Gums gold project in Western Australia’s Eastern Goldfields region. The Rose target was highlighted on the back of positive results that include 1m at 2.3 grams per tonne gold from 27m. The new discovery sits between the company’s Thistle and Iris prospects.

ASX-listed Emu NL has confirmed “outstanding” rare earths at its Graceland project near Lake Grace after its maiden drill campaign at the site returned results of up to 960 parts per million TREO. It completed an eight-hole RC drill campaign at the operation in January, with highlights showing a 32m intercept at 716.75ppm TREO from 32m, including 4m grading an impressive 960.66ppm TREO from 32m.

Askari Metals has expanded the footprint of its Uis lithium project in Namibia after completing the acquisition of the remaining 10 per cent of tenement EPL 7345, which covers about 114 square kilometres. The company took its full ownership after picking up the remaining 10 per cent stake in the private company which had owned the ground.

CZR Resources has inked an option agreement to acquire a granted exploration tenement just 70km south of the Port of Ashburton as it ponders a potential stockyard and haulage depot to service iron ore exports. Apart from its potential as an infrastructure hub, management says its new tenement also hosts the Mt Minnie project, which is prospective for copper-gold mineralisation.

Toro Energy’s latest diamond drilling campaign has extended its Dimma nickel discovery in WA’s Goldfields, with 2m of continuous massive nickel sulphide intersected from 147.2m. Management says its new results stretch the mineralisation at the deposit to 160m and that portable XRF analysis suggests nickel grades of between 1.5 and 3.4 per cent. The discovery remains open along strike in both directions and at depth.

A maiden RC drilling program at BMG Resources’ Bullabulling project in WA’s East Yilgarn lithium corridor has tapped into an intriguing swarm of potentially lithium-rich pegmatites. The junior explorer’s shares spiked nearly 85 per cent to 2.4 cents today on the back of the encouraging discovery. BMG has until next month to make the final decision to acquire full ownership of the prospective tenure.

Joint venture partners Octava Minerals and Future Metals NL have launched a drill hunt for platinum group metals and nickel at their Panton North project in Western Australia’s Kimberley region, chasing an extension of the neighbouring 5-million-ounce Panton platinum group metals deposit. Management says its more than 2000m campaign will target areas which attracted interest in previous fieldwork.

Budding Australian gas producer Empire Energy Group has wound up the latest round of flow-testing at its Carpentaria-2H gas well in the Northern Territory, pulling up a total of 323 terajoules over 127 days. As Empire gears up to commence testing at its Carpentaria-3H well, its impressive flow rates are eliciting the attention of a growing list of potential suitors for the in-demand energy source.

TSX-listed Novo Resources hopes its latest AC drilling results, which show a likeness to early work at De Grey Mining’s ’s lucrative Hemi gold operation, will prove a significant step for the company in the Pilbara. Drill highlights include a 3m hit at 5.23 grams per tonne gold from just 9m and another 3m intercept going 2.93g/t gold, also from 9m.

Lindian Resources says the second phase of its depth-extension drill program at its promising Kangankunde rare earths project in Malawi is on track – and it has whetted the appetite of investors by flagging the return next week of more assay results from its phase-one work. The critical minerals company expects to release a maiden mineral resource estimate by the end of next month.

Godolphin Resources is planning a drilling program to follow up fieldwork at its Yeoval East prospect and further expand its resource footprint in NSW’s rich Lachlan Fold Belt. Soil and rock-chip program results identified a 150ppm copper zone about 600m long and 200m wide. Copper results ran up to 0.14 per cent from soil samples and 0.28 per cent copper from rock chips.

Kalgoorlie Gold Mining (KalGold) has wrapped up a deal to secure a valuable 22km-long swathe of the Laverton tectonic zone, north of Ramelius Resources’ 1.1-million-ounce Rebecca gold project in WA’s Eastern Goldfields. The company appears to have hit early paydirt, stumping up visible gold in one of the first three RC holes probing its Kirgella Gift prospect.