Public Company News

Petrology studies have confirmed primary nickel sulphides at Emu’s Sunfire nickel-copper-PGE project near Bridgetown in the southwest of WA. Historical reports accompanying two diamond drill holes from 1970 identified the presence of the nickel-bearing minerals “pentlandite” and “millerite” from relatively shallow depths of 65 metres to 140m with the revelation to drive an aggressive exploration programme later this year.

Junior gold explorer Kalgoorlie Gold Mining, or KalGold has locked in a diamond rig and RC rig to continue its exploration work following in the wake of a 3,519m program at the company’s flagship Bulong Taurus gold project near Kalgoorlie in WA. Whilst drill assays are pending, a series of shallow auger results have returned confirming extensive gold anomalism south and southeast from the La Mascotte prospect for up to 1.5km.

Gold and base metals explorer Godolphin Resources have added another string to its bow after entering into a two-tranche farm-in and joint venture agreement with private exploration outfit EX9 to earn up to a 75 per cent stake in the Narraburra Rare Earth Element, or “REE” Project located some 15 kilometres north of Temora in central west NSW.

Aruma Resources has burst onto the lithium scene with a flurry of shallow, thick pegmatite drill intersections showing visible spodumene across a strike length of over 500m at its Mt Deans lithium project approximately 170 kilometres south of Kalgoorlie in WA. Pegmatites were intercepted in all eight holes drilled to date with one near-surface hit displaying a 25m thick vertical body of the prospective host rock.

180 pages of bidder’s and target’s statements are on the way out to Torrens Mining and Coda Minerals shareholders as the two companies try to bring the exciting Elizabeth Creek copper cobalt project in South Australia under one roof in a $23 million merger proposal. The Emmie Bluff discovery is amongst the largest known sediment-hosted copper deposits in Australia.

Newfield Resources has boasted higher than expected recoveries as it surges ever closer towards production at its Tongo diamond mine development in Sierra Leone. The ongoing works will enable access to the ore body and the establishment of the first mining stopes, signalling the transition from explorer and developer to producer. Initial production is slated to commence in June 2022.

Buru Energy has achieved a maiden natural gas flow from a conventional reservoir in WA’s Canning Basin. The Rafael 1 discovery produced a substantial gas flow with highly encouraging condensate co-production. Initial stabilised flows of 4 to 5 million cubic feet per day through a half inch choke included an estimated 20 to 30 barrels of condensate per million cubic feet of produced gas.

Gold explorer BMG Resources has wrapped up a diamond and aircore drilling blitz at its high-grade Abercromby gold project in the north-eastern Goldfields of WA. Drilling was designed to chase up a suite of wide gold hits from a previous reverse circulation campaign at the Capital prospect along with testing multiple grass roots targets generated from a recently completed ground geophysical program.

Alaska-focused oil explorer 88 Energy Limited is poised to spud the Merlin-2 well at its wholly owned Peregrine oil project in Alaska with mobilisation of the drilling rig to site complete. Merlin-2 is targeting a prospective resource of 652 million barrels of oil. Managing Director and CEO, Ashley Gilbert said success at Merlin-2 has the clear potential to be “transformational.”

Multi-element junior explorer Askari Metals has completed an expansive airborne reconnaissance site visit across its Yarrie lithium project in an escalation of its hunt for the highly sought-after white gold that sits at the heart of the EV minerals revolution. Located in Western Australia’s Eastern Pilbara, the project spans more than 1,700 square kilometres and is surrounded by some of the most significant hard rock lithium deposits in the world.

Mineral explorer Valor Resources has lit up an interesting geophysical anomaly at its Picha project in Peru. The 2km by 2km induced polarisation anomaly is believed to reflect potential copper-bearing sulphide mineralisation at depth related to a large porphyry body. The company has kicked up a clutch of compelling copper-silver targets from its combined geophysical and geochemical surveys that are begging to feel the drill bit.

Panther Metals has amassed high-grade nickel and cobalt zones in all drill holes assayed to date in a maiden program at the company’s flagship Coglia project just 70 kilometres east of Glencore’s Murrin Murrin mine about 880 kilometres east of Perth. Noteworthy results include 14 metres grading 1.17 per cent nickel from 49m downhole with an internal metre going 3.44 per cent nickel and 1,460 ppm cobalt.