Public Company News

The Resources Round-up conference for ASX-listed explorers is rolling into the streets of Sydney and shaping as the largest conference on the east coast in the event's 18-year history. Ticket sales for the three-day extravaganza that kicks off on May 3rd have been reported as 'huge' with 1500 registered delegates and more than 100 exhibition stands set to showcase the latest from the resources industry.

Triangle Energy has outlined a series of new initiatives including the commencement of a seismic program over some significant onshore Perth Basin targets. Alongside Pilot Energy, the two companies have also outlined adjustments to a number of permits including for the Cliff Head joint venture that will result in a serious reduction in abandonment liabilities on completion.

Oar Resources says surging demand for graphite could breathe life back into its previously shelved Oakdale project in South Australia where the company produced a scoping study back in 2015. With global markets now diving headfirst into low-carbon energy, the company is casting a renewed eye over the asset where it will look to build on the work already completed at the venture.

Strickland Metals is confident that its Millrose gold deposit in the Yandal Belt of WA is a "very substantial" gold system. Strickland has revealed a new drill intersection of 25m at 5.1 g/t gold from 82m that it says demonstrates continuity across a 200m strike with a previous result of 55m at 2.4 g/t gold from 86m. Millrose has a current resource of 346,000 ounces of gold.

Coda Minerals has extended the central bornite zone of the Emmie iron oxide-copper-gold deposit within its Elizabeth Creek copper project in South Australia's Gawler Craton. The explorer says recent drilling has intersected significant widths of bornite and chalcopyrite mineralisation. Importantly, the results materially extend the bornite zone discovered 100m to the southeast and support the potential for further mineralisation to the south.

Calidus Resources has ticked off a major milestone in its quest to becoming Australia’s next gold producer with the commencement of continuous ore processing at its Warrawoona gold project in WA’s emerging Pilbara goldfields ahead of the first gold pour expected in the coming weeks. Under the multi-stage development plan, production is scheduled to ramp up initially to about 90,000 ounces a year.

Canning Basin pioneer Buru Energy has been vindicated in its dogged drive to build a robust energy company in the Canning Basin after an independent report described its Rafael conventional wet gas discovery as a resource tipping over the magic one trillion cubic feet of gas mark, along with a possible additional 20 million barrels of condensate.

American West Metals has hit a cocktail of mixed metals in the USA with its very first diamond hole at the company’s West Desert project in Utah. Notably, new copper and molybdenum results have occurred outside the existing resource and the company says the drill program has confirmed the "exceptional quality" and "significant volume" of the mineralisation. Wide intercepts of decent grade zinc were also encountered and indium was present too.

Conico has intersected high-grade gold in the third diamond drillhole at its Sortekap prospect in Greenland. Some of the best results include 1m at 42.81 g/t gold from only 41m downhole and 1m grading 2.58 g/t gold from 22m. Five more 1m intervals going at greater than 1 g/t were also discovered. Mineralisation is present as gold-bearing quartz veins in the Archean amphibolite that is interpreted as orogenic style.

Shares in BMG Resources surged more than 50 per cent on intraday trading following confirmation that diamond drilling at the Capital prospect, part of the larger Abercromby project in WA has delivered another serious batch of gold results that have more than doubled the size of the deposit and significantly boosted the operation's resource potential.

Neometals looks to be wading deeper into the lucrative lithium-ion battery recycling sector after its JV partner Primobius secured an operating permit for its 10 tonne per day shredding facility in Germany. With the rubber stamp to kick off operations, the company will now look to collect and stockpile electric vehicle battery modules from its disposal service clients ahead of its commercial launch in May.

Twenty Seven Co’s plans to increase the size of the gold mineralisation at its Rover gold project in WA’s Central Yilgarn region look to be on track after completing an RC drilling program that showed good continuity along strike and down dip from previous gold-yielding drilling. The company said one metre splits from four metre composite gold assays confirmed shallow gold mineralisation at its wholly-owned project.