Public Company News

After a run of rock sampling, Twenty Seven Co has confirmed pegmatite fertility within the company’s Mt Edon lithium, caesium and tantalum mining lease in WA’s Mid West region. Rock samples were found to grade up to 2.7 per cent lithium oxide, 1046ppm caesium oxide and 5057ppm tantalum oxide. A total of nine rock chip samples were taken from four outcropping locations across a pegmatite field spanning 6.4 km.

Junior explorer Asra Minerals has added critical minerals cobalt and scandium to its rollcall of rare earths at its flagship Mt Stirling project in Western Australia. The latest round of drilling was targeting zones of rare earths mineralisation within the shallow blanket of weathered rocks and hit thick zones of scandium oxide mineralisation with anomalous cobalt.

Positive results are now in from Toro Energy’s scoping study into a standalone uranium-vanadium mining and processing operation at its Lake Maitland deposit within the company’s broader Wiluna uranium project in WA’s northern Goldfields region. After the cursory size-up, the standalone project currently holds a pre-tax net present value of $610 million and a total capital cost of $270 million.

Shares in Galan Lithium surged 30 per cent higher during intraday trading following a game-changing increase of more than 150 per cent to the mineral resource of its flagship Hombre Muerto West project in Argentina. The revised estimate now tips the scales at 5.8 million tonnes of contained lithium carbonate equivalent grading 866 milligrams per litre - a staggering 2.5 times increase from the previous figure.

Minerals explorer Godolphin Resources has overcome adverse ground conditions and successfully completed a 27-hole 1111m diamond drilling campaign at its Narraburra rare earths and rare metals project in Central NSW. The company is now eagerly awaiting assay results with the aim of updating its mineral resource estimate early next year from a previous JORC 2004 compliant inferred resource.

Tambourah Metals has begun an airborne magneto-telluric survey across its recently granted Yerecoin prospect where the company is targeting nickel, copper and platinum group elements 120km north-east of Perth. The survey will also investigate multiple magnetic targets identified at Tambourah’s Bolgart and Wongan Hill South prospects across a strike length of about 80km that stretches from the town of Wongan Hills to south of Goomalling.

ASX-listed explorer Zuleika Gold has hit the go button on a 73-hole, 4490m air-core drilling program across a trio of target areas within its larger Zuleika and Credo projects near Kalgoorlie in Western Australia. The company is chasing gold across a raft of structural targets and says the probe could be completed by November with results due by the end of the year.

Sihayo Gold says transitional and fresh material from a zone beneath its proposed Sihayo-1 pit in North Sumatra, Indonesia could be economically mined following a recent uplift in metallurgical recoveries. The company recently announced its high-pH caustic pre-leaching process could recover over 80 per cent of the site’s gold and now plans on testing samples from a seven-hole, 2216m campaign to confirm its theory.

Strickland Metals is looking to demerge its non-core assets and deliver a standalone ASX base metals explorer as the company works to stack on gold ounces at its flagship project on WA’s well-endowed Yandal greenstone belt north-east of Wiluna. The proposed spin-out will see the company’s Iroquois zinc-lead and Bryah Basin assets packaged into a new wholly owned subsidiary that will seek to list on the ASX in the first quarter of 2023.

Podium Minerals is just days away from revealing an updated mineral resource estimate for its Parks Reef platinum group metals project after receiving the final assays from stage 9 and 10 drilling at the site. Among the latest assay highlights were a 19m intercept at 2.48 grams per tonne 5E PGM from 76m including a 2m hit at an impressive 12.9 g/t 5E PGM from 88m.

Strickland Metals has continued its hot-streak with more high-grade gold drill hits at the company’s newly discovered Wanamaker deposit just north of its Millrose gold resource, 85km north-east of Wiluna in WA. The latest results from its ongoing drill program at the project include a standout strike of 5m going 14.5 grams per tonne gold from 67m downhole.

WA-focussed gold developer Classic Minerals has launched a 3000m drilling program at its Kat Gap project as it looks to follow up on high-grade shallow mineralisation struck in ongoing infill work. The 20-hole campaign will follow up a suite of notable near surface strikes including 3m at 13.23 grams per tonne gold from 32m.