Public Company News

Venus Metals Corporation, together with joint venture partner Rox Resources has continued its golden run of high tenor drill hits after a fresh set of results from recent work at the company’s flagship Youanmi gold project in WA. Notable results from recent drilling include 3.25 metres grading a formidable 32.22 grams per tonne gold from 282m downhole and 4m going 10.91 g/t gold from 196m downhole.

Mixed metals explorer Kairos Minerals could be onto lithium at its wholly owned Lalla Rookh Project, located in the East Pilbara region of Western Australia. The company has unveiled a suite of lithium-caesium-tantalum pegmatite targets that it says forms part of an ongoing battery metals hunt aimed at beefing up its new energy portfolio amid a ravenous global market for all things lithium.

ASX-listed junior explorer Javelin Minerals has secured a further 72 sq kms of territory at its Mt Ida-Ida Valley project in a region currently under the microscope of other juniors for its multi-element mineralisation. The Mt Ida-Ida Valley project covers approximately 972 square kilometres in total of highly prospective ground about 100 kilometres west of Leonora in WA.

Torian Resources has dished up further high-grade gold hits from recent resource and extensional drilling at its flagship Mt Stirling/Viserion project approximately 40km northwest of Leonora in WA that continues to consistently produce high tenor results. Notable recent results include 1 metre grading 5.57 grams per tonne gold from 20m downhole, 5m at 7.79 g/t gold from 194m and 2m going 15.21 g/t gold from 195m.

King River Resources will pick up a hefty $452,831 rebate from the federal government for research and development costs spent developing its high purity aluminium precursor compounds for application in the flourishing lithium-ion battery industry. Using the company’s proprietary “ARC” processing technology, three separate trials of a newly commissioned lab scale pilot plant have delivered a “Type 1” precursor aluminium salt at more than 99.999 per cent purity.

Junior explorer Meeka Gold has entered the rare earths game following the acquisition of the Cascade project that boasts a huge 2,068 square kilometre landholding in the emerging province along the Albany-Fraser mobile belt in southwest Western Australia. Neighbouring explorers have had successes in the region with the most notable being Mount Ridley Mines who intersected peak grades up to 10,461 parts per million rare earths.

ASX-listed junior explorer Askari Metals has launched an accelerated exploration program at the Barrow Creek Lithium project in the Arunta Pegmatite Province of the Northern Territory. The work will investigate the outcropping lithium pegmatites identified in an earlier round of field reconnaissance. Initial sampling found the rocks running up to 817 parts per million lithium oxide.

ASX-listed Calidus Resources has spun out a new company, Pirra Lithium, together with Haoma Mining with the aim of focusing exploration primarily on the most prospective lithium ground in the Calidus and Haoma portfolios. The lithium rights tenure granted totals 1,063 square kilometres with the two companies each owning an equal share of the newly created venture.

Oar Resources is poised to return to an early-stage, gold-focused diamond drilling campaign at its Douglas Canyon project in Nevada in the United States after adverse weather conditions and the festive season break paused the program. According to the company, the area to be examined has been expanded during the recess with new claims staked in the west.

Alaskan explorer 88 Energy has increased its American presence with the purchase of a 75 per cent stake of Texas oil player Big Horn Energy who is currently producing around 300 barrels of Permian Basin oil per day. The company will spend US$9.7 million to take a majority share of Bighorn Energy’s 32 wells across nine leasehold areas and is targeting a doubling of production by year’s end.

Allup Silica is poised for a March 2022 listing on the ASX and is aiming to raise $5 million to supercharge its resource definition drilling efforts across its four WA based high-purity silica sands projects. The company has been quietly accumulating high-quality, low impurity silica sands projects near shipping ports across the southwest and Kimberley regions of WA over the last two years.

ASX-listed Trigg Mining is eyeing a seat at the table amongst global sulphate of potash producers as it shifts gears from fertiliser explorer to developer. The company is progressing a pre-feasibility study to develop its flagship Lake Throssell project east of Laverton in WA that it says should see it muscle its way into the top ten SOP producers club globally.