Public Company News

Strickland Metals is on a roll returning its best assay results to date from its recently discovered Wanamaker deposit in Western Australia serving up a 7m hit at an exciting 22.2 g/t gold. The latest assay result comes from drilling 50m north of where the initial Wanamaker discovery was made and extends the mineralisation footprint of the Millrose project to more than 3.2 kilometres.

USA-focused mineral explorer PolarX has been buoyed by a recently completed scoping study on its Alaska Range copper-gold project highlighting a potential NPV of $103m from the combined mining of the project’s high-grade Zackly copper-gold-silver and Caribou Dome copper deposits. It also confirmed the project’s potential viability and leverage from future resource expansions.

Infinity Mining is set to hit the go button on a maiden drilling program at its Tambourah South lithium project in the east Pilbara region of WA after ASX-listed Riversgold completed a heritage survey over a contiguous tenement. The company required Riversgold to complete the work to mobilise earth moving equipment to its tenement and is now set to follow up on a suite of solid rock chip results which graded up to 2.6 per cent lithium oxide.

Si6 Metals has kicked off a follow-up air-core drilling program at the company’s Monument gold project in WA’s Goldfields region. The 120-hole campaign will probe 6000m across four high-priority target areas as the company looks to build on wide zones of gold mineralisation encountered in May. About a quarter of the air-core volley will be aimed at potential extensions of Glencore’s world-class Murrin Murrin nickel laterite operation proximal to the south-west.

Askari Metals has unearthed a suite of minerals from reconnaissance field work at its Springdale project in NSW including rock samples showing grades of up to an ounce to the tonne gold. The company has also identified the potential for rare earths and base metals mineralisation in addition to significant levels of cobalt and manganese near historical workings at the site.

Twenty Seven Co has advanced its battery metals strategy by securing an option to earn a 100 per cent interest in the highly prospective Mt Edon lithium, caesium and tantalum mining lease in WA’s Mid West region. Twenty Seven Co will initially fund a due diligence work program at the project that will include 500m of RC drilling to a minimum of $140,000 before making a final commitment.

ASX-listed explorer Valor Resources has snared a suite of uber-impressive grade rock chips grading up to 6.13 per cent uranium oxide and an eye-catching 61.7 per cent copper at its Surprise Creek project in Canada. Legacy drilling at the tenure returned several compelling uranium intercepts, including 2.1m at 4.37 per cent from 57m, indicating the surface results could be just the tip of the iceberg.

Lindian Resources is set to embark on a 12,500m resource definition drilling program at the company’s brand new Kangankunde rare earths project in Malawi after enlisting a rig to roll in later this month. The drilling is designed to probe the project’s historic resource and an extensive area of surface mineralisation measuring 650m-long by 400m-wide.

ASX-listed Empire Energy has commenced drilling of its highly anticipated Carpentaria-3H well in the Northern Territory's revered Beetaloo Sub-basin. Recent figures suggest the region could contain up to a staggering 500 trillion cubic feet of gas and the company is planning to target the onshore resource through a 2000m horizontal probe.

Kairos Minerals has uncovered several lithium targets and a new gold target from a swag of soil samples collected from its Pilbara tenements that have fuelled the company’s appetite for an immediate follow-up. The gold target is 2.5km long, but it is lithium targets, based on elevated lithium and pathfinder elements and geology, that have Kairos eager for more exploratory work.

Okapi Resources has wrapped up its maiden field exploration program at its Newnham Lake and Perch projects in Canada, returning anomalous uranium in over half its 69-piece rock chip samples and highlighting several compelling drill targets. According to the company, the best result graded 265 parts per million triuranium octoxide prompting the explorer to up the ante with a pair of new year drill campaigns.

Coincident copper, lead and zinc soil anomalies have defined a new set of targets for mineral explorer Strickland Metals at the company’s Iroquois zinc-lead project in WA’s Earaheedy Basin 100km north-west of Wiluna. The new targets lie west of the company’s 2021 Iroquois discovery and Malecite prospect and come from a large soil geochemical program of 2510 samples.