Public Company News

Silica sand explorer Allup Silica has applied for two new exploration projects, Blue Vein in WA and Trigger Fish in the NT. The company is also looking to beef up its Dune Buggy project lodging an application to expand its tenement just 15km from the port of Esperance in WA. Since listing in May, Allup’s strategy has been focused on projects, purity and ports.

Classic Minerals’ share price skyrocketed over 290 per cent during intraday trading after news the company had secured a cash injection worth up to $10 million to take its flagship Kat Gap gold project in WA to production. The deal saw over 200 million securities exchange hands, representing nearly all of its shares on offer as punters clamoured to get in on the action.

Battery metal explorer Askari Metals has completed another round of field mapping and sampling at the company’s Barrow Creek lithium project located in the NT’s Arunta pegmatite province. The field program was designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project.

A bone cancer treatment technology licenced by ASX-listed Radiopharm Theranostics has been granted orphan drug designation by the United States Food and Drug Administration. The approval is for a tumour-killing antibody known as DUNP19 that targets LRRC15, a substance produced by aggressive cancer cells in the surrounding micro-environment, but not healthy normal tissue.

Mineral sands producer Image Resources has executed a land access agreement that will allow it to extend mining operations at its wholly-owned Boonanarring project near Perth in WA. The deal enables the miner to access raw material from the operation’s south thereby curtailing a production gap brought on by relocating processing equipment to its Atlas deposit that is next in line to be brought into production.

West Cobar Metals has inked binding agreements to acquire private company Salazar Minerals and its clay-based rare earth elements project located 120km north-east of Esperance in WA. The Salazar project is hailed as one of Australia’s most advanced rare earths assets of the clay variety and boasts an inferred resource of 43.5Mt at 1192ppm total rare earths oxide with low levels of uranium and thorium.

Kairos Minerals is set to begin drilling at its Lucky Stump prospect where spodumene pegmatite samples grading up to 1.9 per cent lithium oxide were discovered near the company’s Mt York project in the Pilbara. The 16-hole RC drilling campaign is planned to cover 2400m and target multiple spodumene pegmatites that form part of a larger swarm at Mt York only 4km south of Pilbara Minerals’ Pilgangoora lithium-tantalum mine.

New assay results from diamond drilling at American West Metals’ Storm project in Canada have confirmed the continuity of shallow, high-grade copper at a highly prospective zone dubbed “2750N”. Headline results include a 57m parcel grading 2.5 per cent copper from 8m embracing a 1m intercept running an eye-catching 21.9 per cent copper from 14m downhole.

Soil samples taken from Si6 Metals’ Maibele East and Mashambe prospects in Botswana have revealed elevated levels of copper, zinc and nickel suggesting the possibility of nickel-sulphide deposits lurking beneath. Identified by X-ray fluorescence analysis, Si6 says the samples show evidence of ultramafic lithology across the Maibele-Mashambe trend whilst exploration at its Gobajango prospect has also revealed highly prospective mineralisation.

As extensional drilling at Strickland Metals’ cornerstone Millrose deposit continues to deliver shallow high-grade gold the company is gearing up for further work at its gold and base metal projects 70km east of Wiluna in WA’s Mid West region. The latest oxide gold drill results coming out of Millrose include 28m at 3.7 grams per tonne gold from 54m containing a high-grade hit of 6m at 12.1 g/t.

Lithium Australia’s wholly owned subsidiary Envirostream has bolstered a partnership with an arm of consumer electronics dynamo LG to recycle over 250 tonnes of lithium-ion batteries. Under the agreement the company will deliver spent cells to the recycler’s facilities in Melbourne where the devices will be stripped, processed and treated before being repurposed into new energy storage solutions.

A first phase of exploration drilling has yielded Horizon Minerals high-grade results from its Pinner prospect at the company’s Cannon gold project 30km south-east of Kalgoorlie in WA’s Goldfields. Notably, new and shallow mineralisation was encountered with intercepts including 1m at 35.39 grams per tonne gold from 36m within a broader 6m hit going 6.94 g/t from 35m.