Public Company News

WA mineral sands company Image Resources has refined its Atlas deposit in resource to 17.3 million tonnes at 5.7 per cent heavy minerals.

Rock chip sampling at Infinity Mining’s Brisbane nickel prospect in the Pilbara region of Western Australia has returned anomalous nickel and chromium results within the company’s greater Panorama project. The explorer collected a total of 35 samples at the site with assays showing results of up to 7636 parts-per-million nickel and 8918ppm chromium consistent with previous geochemical results.

RC drilling at Surefire Resources' Victory Bore deposit in WA’s Mid West region has returned a host of broad vanadium intercepts with widths of up to 92m at 0.41 per cent vanadium pentoxide. The company says the probe has led to the discovery of three parallel mineralised lodes which it believes could bolster its already massive 151 million tonnes mineral resource once additional drilling and modelling is complete.

Mineral explorer Godolphin Resources has strengthened its burgeoning rare earths portfolio with the acquisition of two exploration licences in New South Wales and Queensland. The company picked up the ground after sifting through publicly available geological data and says it could commence boots on the ground exploration as early as January 2023.

Aruma Resources has more than quadrupled the greenstone belt width at its Salmon Guns gold project near Esperance to more than three kilometres and will vector in on new drill targets with an aerial s

Askari Metals has encountered visible lithium mineralisation from the first phase of drilling at its Uis lithium project in Namibia in addition to intersecting tantalum and tin in the site’s pegmatites. The company has just wrapped up its first drill campaign at the African operation where it completed 59 RC holes for 3017m as part of an overall 10,000m program set to recommence in February next year.

Unlike traditional participants in the energy technology space Quantum Graphite plans to extract value from its Uley mine in South Australia through the development of heat cells that could ultimately replace coal in thermal power plants. The work stream is all part of a 50-50 joint venture agreement with Melbourne-based Sunlands Company that will see the duo establish a major downstream energy business.

ASX-listed PolarX is firing up the drill rigs in the snow-covered Nevada mountains on the hunt for some US Christmas gold to ring in the new year at its Star Canyon prospect.

High grade mineral strikes have buoyed West Australian explorer Allup Silica with assays revealing an average raw material surface grade of 98.8 per cent silicon dioxide at the company’s Sparkler C pr

With an ever-increasing spotlight shining on rare earths, a former sleepy tourist town on the WA south coast could be on the cusp of becoming the next epicentre of a rare earths mineral boom. One of the major attractions of the area is the discovery of “clay-hosted” rare earths which, unlike their hard rock counterparts, can be considerably easier to mine – and they can exist in vast quantities.

Horizon Minerals' spin-off Richmond Vanadium Technology has joined the ASX following a successful $25m initial public offering as it presses ahead with a bankable feasibility study to open a potentially world-class battery metals mine in northern Queensland. Some 62.5 million shares were issued under the IPO at 40c a pop, including to eligible Horizon shareholders.

Godolphin Resources has used a 5-hole diamond drilling campaign to light up rare earths mineralisation at its Narraburra project in NSW that will ultimately flow into a new year resource update. Significant intercepts include 2m at 1238 parts per million total rare earth oxides from 15m and on the back of the latest results the company believes a much larger rare earths system may be on offer given the strikes were acquired outside of the site’s known mineralisation.