Public Company News

Rock chip samples from three recently discovered pegmatite sites at Tambourah Metals’ namesake gold and lithium project in WA’s Pilbara region have returned elevated rubidium and lithium results. The 17 samples were assayed at Labwest for a full suite of pegmatite elements, with 12 recording between 151 and 842 parts per million rubidium and another four samples returning lithium grades between 96 and 226 ppm.

ASX-listed American West Metals could be riding a winner after drilling at its West Desert project in Utah, USA, delivered a solid set of copper, gold, zinc and silver-laced assays that continue to illustrate the project’s potential scale. The company is in the midst of a resource upgrade and says the significant mineralisation intersected in its latest play bodes well for its campaign.

Conico is ready to kick off drilling at its Ryberg copper-nickel and platinum group project in east Greenland as it follows up high-grade gold hits it reported in April. It expects a second crew to spin the bit at its Mestersvig zinc-lead-copper-silver project this month.

Octava Minerals is preparing for its ASX debut next month as it seeks to exploit some early lithium shows just 10kms from Global Lithium’s revered Pilbara lithium discovery. Octava has also pulled together a package of Kimberley and Mid West tenements in solidly mineralised terranes that are already jostling with battery metals big hitters and the company’s Pilbara ground also has some intriguing historical gold drill holes that are begging for follow up.

Perth-based Polyline Pipe Systems has joined forces with Aboriginal-owned mining and services business Karlayura Group to use Polyline’s mobile pipe-extrusion technology in WA’s Pilbara region. Polyline’s patented mobile and modularised system allows high-density polyethylene, or “HDPE” pipe to be extruded and produced on site.

A chance discovery at one of its in-demand rare earth elements projects – including the extremely valuable rare earths used to make super magnets – has prompted a name change at WA explorer Meeka Gold. Its new name is Meeka Metals and the company says its new name better reflects the huge opportunity it also sees in the rare earths space.

WA Gold developer Brightstar Resources has completed its latest drilling programs as it presses on with the company’s ambitions of boosting the resource at its Laverton Goldfields' project and getting its processing plant out of mothballs. RC drilling programs were conducted at Brightstar’s Cork Tree Well and Alpha projects and an air-core program at its Queen of Hearts South prospect, south of the plant.

Asra Minerals could soon drill up to 50,000m across nine tenements at its Mt Stirling project in WA’s eastern Goldfields region after getting its hands on approval to launch a probe for rare earths, cobalt and scandium. The program is intended to evaluate and define an extensive mineralisation footprint at the multi-commodity operation.

Cyclone Metals has unveiled a suite of gold anomalies at its Mareburn and Macraes South projects, about 40km north of Dunedin in New Zealand’s Otago Province following the company’s trial of an ionic leach geochemistry survey. According to the company, the program is an inexpensive and swift method of sniffing out and defining drill targets across its extensive tenements on the South Island.

Mineral explorer Aurumin has intersected an impressive 344m at 1.29 grams per tonne gold in its first diamond drill hole at the company’s 784,000-ounce Central Sandstone gold project 130km west of Leinster in Western Australia. Highlights within the broad interval include 40.9m at 2 g/t, 21.8m at 2 g/t and 16.1m at 2.9 g/t.

Test work is about to start on ASX-listed Quantum Graphite’s coarse flake graphite as part of its thermal energy storage pilot partnership project with Melbourne-based Sunlands Company. The ultra-high temperature testing is a critical step in the project to manufacture long-duration energy devices that may potentially play an integral role in delivering stable and flexible energy to grids dependent on renewable power.

With numerous businesses reporting inflationary and rising operating costs, emerging battery metals producer Neometals has released highly encouraging engineering numbers for its proposed vanadium pentoxide recovery plant in Finland that potentially puts it in the lowest operating cost category. The company is planning a joint venture to recover the high-purity metal oxide from by-product slag created during the steel making process.