Public Company News

Aurumin has increased its potential gold footprint by entering into a binding heads of agreement with Westar Resources to purchase the historical Birrigrin mining centre, 70km north of its Sandstone operations. The Birrigrin tenements contain 39 mapped shafts dating back to the early 1900s with recorded production grades up to 196 grams per tonne gold, however the site remains largely untested at depth by drilling.

Diversified metals company ABx Group has tabled a maiden 3.94 million tonne rare earths resource at its Deep Leads – Rubble Mound channel area within its northern Tasmanian portfolio. The inventory offers an average total rare earths oxide grade of 918 parts per million and ABx expects the asset’s footprint to balloon from more drilling next year.

On the back of a promising auger drilling program and electromagnetic survey, minerals explorer Emu NL is spinning the drill bit in its maiden RC campaign at its Viper project in WA’s South West. Viper comprises a 45sq km lease about 8km north-east of Jerramungup and Emu’s campaign will comprise 600m of shallow drilling to a maximum depth of 150m.

Aruma Resources’ latest foray with the drill bit at its Mt Deans project in WA’s Goldfields has come up trumps after latching onto more high-grade lithium and rubidium within lepidolite-rich pegmatite veins. Assay results from the first two holes in the 21-hole program returned 7m at 2.03 per cent combined lithium-oxide and rubidium-oxide.

ASX-listed explorer Infinity Mining has beefed up its portfolio with the acquisition of a 250 square kilometre land parcel prospective for gold and lithium in the Pilbara region of Western Australia. The company says several tenements within the package are contiguous to its Tambourah South lithium project where a recent rock chip sampling program returned grades of up to 2.6 per cent lithium oxide.

Medical technology company Radiopharm Theranostics says new data released by Imperial College London from a phase 2 trial it conducted on the company’s F-18 Pivalate radiotracer adds weight to its belief the product can be used to monitor brain cancer – a potentially huge market because up to 40 per cent of cancer patients develop metastatic cancer in the brain.

Godolphin Resources has identified new mineralisation at its Yeoval copper-gold prospect near Orange in NSW after a review of historical drill core pulled by a previous explorer in 2008. The company says its review of a pair of legacy samples unveiled visible copper sulphide mineralisation outside of the operation’s existing 12.8 million tonne resource.

Melbourne-based Radiopharm Theranostics has reached an agreement with Australia's Nuclear Science and Technology Organisation for the supply of a vital ingredient required for its fight against cancer. The ingredient is a short-lived radioactive isotope called non-carrier-added lutetium-177, or Lu-177, that has promising properties for treating certain cancers. Lu-177 will be used in an upcoming trial of patients with lung cancer.

The next big discovery will be the focus of this week’s RIU Resurgence Conference where a host of ASX-listed companies will promote their activities to an investor audience across a two-day event in Perth. Hosted by Vertical Events, this year’s presentations include a diverse group of ASX-listed companies with a variety of portfolios from emerging battery technologies to the latest in resources exploration around the world including lithium, gold, rare earth elements and more.

Subiaco-based mining software provider K2fly has signed Mineral Resources to a three-year contract worth $1.75 million. The deal will cover Mineral Resources’ iron ore and lithium operations and it comes hard on the heels of K2fly expanding its work with another tier 1 miner, Rio Tinto. The company’s software products aim to support clients’ ESG issues.

American West Metals has unveiled a suite of new targets at its Copper Warrior project in Utah, USA after completing an induced polarisation survey at the site. The company says one of the anomalies tips the scales at 850m x 570m and returned grades as high as 3.3 per cent copper in geochemical sampling.

Further flow rate pump test results from Galan Lithium’s Hombre Muerto West lithium brine project in Argentina are believed to support the company’s ambitions to ramp-up pilot plant production to 4ktpa lithium carbon equivalent. With work progressing at a breakneck pace on multiple fronts, Galan is set to ring in the new year by delivering on its definitive feasibility study by the end of the first quarter.