Public Company News

Horizon Minerals has released positive results from a pre-feasibility study of its Cannon underground gold project. The project is projected to generate $10.1m of net cash flow over a 16-month mine life at a cost of $1873 per ounce of gold. Cannon is part of the company’s 1.15-million-ounce gold resource and ongoing cash flow is planned with the Cannon mine followed by further underground mines Penny’s Find and Rose Hill.

Venture Minerals has completed highly encouraging metallurgical drilling and appointed a senior mining engineer to complete its feasibility study for a new underground tin mine at Mount Lindsay, Tasmania. The undeveloped tin project is one of the largest in the world with more than 80,000 tonnes of tin and a globally significant critical metal content of 3,200,000 metric tonnes of tungsten.

Twenty Seven Co. has completed a 335-hole auger drilling program at its wholly-owned Yarbu gold project. Drilling targeted soil gold anomalies with more than 20 parts per billion gold in soil, where combined lead-zinc values were also anomalous. The highest priority target was a soil gold anomaly with dimensions of 1.9 km by 1.4km returning gold results up to 164 parts per billion.

Battery metals trailblazer Neometals and its partner SMS Group, have cut the ribbon at the grand opening of the joint venture’s lithium-ion battery recycling facility in Germany, marking the transition from a research and development program to a fully-fledged commercial enterprise. The partners are gearing up to recycle as much as 10 tonnes per day of battery feedstock, sourced from a German battery waste company.

Si6 Metals has unearthed promising hints of gold from an air core drilling blitz across a plethora of underexplored targets at its Monument gold project. The company is on the hunt for bulk-tonnage, syenite or ‘intrusive’ igneous rock-hosted gold mineralisation similar in style to the geological setting hosting Gold Field’s nearby seven-million-ounce Wallaby gold deposit, also in the Laverton Tectonic Zone in Western Australia.

St George Mining has identified five new nickel copper targets at its Mt Alexander project. The company said the conceptual targets are large and compelling, with little or no previous drilling. Seismic surveys are to be expanded to cover the new zones. Infill and extensional diamond drilling is also aiming at known, high-grade mineralisation in a bid to expand the Investigators and Stricklands deposits.

West Australian iron ore player CZR Resources has received more assays that seemingly support its strategy to grow mine life and production rates at its Robe Mesa iron ore project in the west Pilbara. The company says the project is poised for significant growth as the latest assays continue to reveal extensive direct shipping ore mineralisation from the surface and outside the resource area.

Podium Minerals has returned a set of exciting values in a re-assay of historic platinum group element intercepts that confirm high levels of rhodium and iridium mineralisation at its Parks Reef PGM project in WA. Assay results from 31 historic holes for over 700 samples confirm high-grade and high-value rhodium levels with more than 2,100 samples still awaiting assay results.

Neometals continues to lead from the front in the developing battery-chain supply network, sinking US$500,000 into private US battery start-up, Tyfast Energy Corp. A spin-off from the University of California, San Diego, Tyfast is the keeper of a proprietary vanadium-based anode technology set to drastically reduce charging times without compromising the high-energy density found in state-of-the-art lithium-ion batteries.

Coda Minerals is finding further potential at its flagship Elizabeth Creek copper project in SA’s world-class Gawler Craton. The latest drill hole intersected a distinct copper-rich zone, indicating a possible southeast expansion of the interpreted IOCG mineralisation. It says a geologically distinct, copper-rich ‘bornite’ dominated zone was intercepted and an independent re-evaluation of the emerging area demonstrates its potential for more.

Infinity Lithium is on the front foot in developing the skills it will need as it pushes forward with developing its San José industrial lithium processing project near the Spanish city of Cáceres. The company has signed a collaboration agreement with the Extremadura Electric Mobility Cluster and the local business association LOABRE to provide training for local members within the framework of renewable energies.

Torian Resources has racked up additional significant gold intercepts that extend the resource boundaries at the company’s flagship Mt Stirling project just 8km from Red 5’s King Of The Hills gold mine in WA that has produced more than one million ounces of gold. Significant drill results recently returned include 33 metres grading 1.78 grams per tonne gold from 196m downhole.