Public Company News

Horizon Minerals has acquired the remaining 50 per cent of ASX-listed Labyrinth Resources’ high-grade Penny’s Find gold project in WA’s Eastern Goldfields for a package of $500,000 in cash and $250,000 in shares. Horizon now owns 100 per cent of the high-grade gold project and associated tenements via its wholly owned subsidiary Black Mountain Gold.

Pumping tests at Galan Lithium’s wholly owned Hombre Muerto West lithium brine project has churned out a high flow rate of around 20 litres of concentrate per second and delivered robust lithium grades of up to 927 milligrams per litre. Work at a well in the operation will now launch hydraulic testing at a second pumping well to follow up on results from another bore.

Handheld XRF readings from Buru Energy and JV partner Sipa Resources’ first diamond drill hole at the duo’s Barbwire Terrace project has turned up sniffs of lead-zinc near Broome in WA. The partnership deemed the program’s first diamond hole a “technical success” after it intersected a geological package consistent with significant lead-zinc deposits in the area.

Indonesia-focused gold explorer Sihayo Gold has tabled a maiden resource for the company’s Sihorbo South deposit within its Hutabargot Julu project and in the process piled on another 100,000 ounces of gold to its 1.56-million-ounce base. The explorer plans to conduct a scoping study to assess the potential to include the new resource as a satellite operation for its flagship project.

After poring over historical data mineral explorer Aurum Resources has confirmed the company’s flagship Penny South gold project in WA’s Mid West is also prospective for nickel along with a potential side of silver and zinc. Aurum intends to re-assay drill holes that were only ever assessed for gold as it looks to quantify the project’s base metal potential.

After a flurry of RC drilling Kairos Minerals has tabled a significant increase to the mineral resource at its Mt York gold project in Western Australia’s Pilbara region. The company says the operation now boasts a 1.1-million-ounce asset base up about 26 per cent from previous projections.

Meeka Metals’ Turnberry prospect has given up more high-grade gold with assay results from seven diamond drill holes including 1 metre at 28.23 grams per tonne gold and 1m going 15.6g/t from 305m. One drill hole also revealed nuggety visible gold and the company says the drilling program returned both high-grades and broad mineralised zones.

Lindian Resources is gaining momentum as it moves into the development stage of its Kangankunde rare earths project in Malawi following successful meetings with government officials and local stakeholders. Over the past week Lindian management has met with government representatives with the company saying the Malawi Ministry for Mining has confirmed its support for the acquisition and development of the project.

Askari Metals has embarked on 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 is designed to identify and sample outcropping pegmatites in the previously unexplored south-central portion of the project. Previous phases of exploration across the area identified fertile pegmatites with lithium oxide values of up to 817 ppm.

Estrella Resources will turn its attention to upgrading its resource after the final chapter of resource drilling at its Spargoville nickel project near Kambalda in WA delivered a raft of solid intercepts. Assay results from two diamond holes sunk beneath the Spargoville 5A deposit include 2.76m at 3.58 per cent nickel from 71.46m and 2.2m going 3.17 per cent nickel from 61m.

Altech Chemicals has expanded its research and development centre in WA in order to produce a new range of high-performance batteries using its innovative anode technology. The company is looking to integrate its battery boosting Silumina Anodes mixture into the batteries’ graphite anode to produce a more powerful end product.

Explorer Strickland Metals has uncovered a new significant oxide mineralisation zone with an initial pass of RC drilling at the company’s Millrose gold project 80km north-east of Wiluna in WA. Results from the drilling extend mineralisation 350m north of Millrose’s existing gold mineral resource of 346,000 ounces. Peak assay values included a 37m hit running 1.6 grams per tonne gold from 58m, containing a higher-grade interval of 9m at 5.6 g/t gold from 86m.