Public Company News

Venture Minerals’ JV earn-in with market darling Chalice Mining is off to a flyer after the latter generated seven new electromagnetic, or “EM” targets from a ground-based survey at the duo’s South West Nickel-Copper-PGE Project 240 kilometres south of Perth. The company’s latest work is focused on Venture’s Thor target, a 20km-long magnetic anomaly that has drawn comparisons to Chalice’s revered Julimar discovery.

ASX-listed Strickland Metals has obtained heritage clearance from Tarlka Matuwa Piarku Aboriginal Corporation for almost all of its planned exploration throughout 2022. Obtaining heritage clearance was the final critical step towards commencing exploration at Yandal and for the planned resource extensional drilling at Millrose. A drill rig is ready to start this week.

Toronto-listed Novo Resources has received some stunning high grade assay results back from its recently completed 15,000m reverse circulation drill program at its Parnell-Vulture prospect in WA. In total, 83 holes were drilled for a total of 5,200m at the project area, handily located only 45km from the company’s Golden Eagle processing facility. Results include 4m at a seriously good 10.19 g/t gold from 31m.

Gold developer Calidus Resources is delivering on its environmental initiatives after executing an agreement with Zenith Pacific to install a solar farm and battery storage system to help power its flagship Warrawoona gold project in WA’s Pilbara. The 4MW solar farm is the cornerstone of the company’s carbon reduction plan at Warrawoona where Calidus is expected to churn out up to 105,000 ounces of gold annually.

Metal Hawk Limited has launched back into RC drilling at its Berehaven nickel project, 20 kilometres southeast of Kalgoorlie. Drilling has commenced at its Commodore South prospect located approximately 500m southwest of a discovery hole that intersected a one metre section going a whopping 5.89 per cent nickel last year. The company also hit 3.4m going 2.32 per cent nickel from 203.8m at the same prospect late last year.

Alumina technologist and rare earths explorer ABx Group has chosen the CEO of its subsidiary, Alcore, to run the ASX-listed parent. The move comes after long time ABx leader Ian Levy said he was stepping down from the 1st of February. Dr Mark Cooksey previously held the position of CEO of Alcore, an ABx company that has been developing an aluminium fluoride refinery in NSW.

Goldfields focused Ora Banda Mining increased gold production in the last quarter after producing 17,192 ounces of gold, the company’s best quarterly performance since the re-start of its Davyhurst operation in WA. 18,806 ounces of gold were sold for the quarter at an average price of $2,472 per ounce resulting in the operation turning cashflow positive for November and December.

WA-based Technology Metals Australia has extended an agreed Memoranda of Understanding with Japan’s LE System, a leading vanadium battery company. The agreement will see the duo launch a feasibility study into the development of Australia’s first fully integrated vanadium electrolyte plant, a material used in industrial scale electric batteries. The proposed plant will aim to utilise vanadium from the company’s Murchison Technology Metals project near Meekatharra.

Aruma Resources has racked up an intriguingly wide, shallow, albeit low grade gold intercept during first pass greenfields drilling at its Salmon Gums gold project approximately 200km south of Kalgoorlie in WA. The new target gave up 38 metres at 0.12 g/t gold from 23m downhole in a sparsely explored area just 30 kilometres along strike and in the same stratigraphy as Pantoro Limited’s high grade Scotia gold project.

ASX-listed copper developer Hot Chili has entered into negotiations for a port access and services deal at the Chilean port of Huasco. The company said it has begun the process of securing the final critical item of infrastructure for the development of its massive Costa Fuego copper project, one of the world’s largest copper discoveries.

BMG Resources is wasting little time following up on some prior spectacular gold hits at its Abercromby project near Wiluna with a dual exploration play at the site now in full swing. The program will see the explorer recommence diamond drilling at its high-grade Capital prospect and probe a series of nearby structural targets using an aircore rig.

ASX-listed Venus Metals and joint venture partner Rox Resources have tabled a whopping 1.34 million ounce resource upgrade taking their total Youanmi gold resource in WA to the magical 3m ounce mark. The resource upgrade equates to a significant 156 per cent increase following a seven month period of intensive infill and extensional diamond drilling for approximately 35,000 metres at the Youanmi Deeps deposit.