Public Company News

Radiopharm Theranostics’ fight against cancer has taken a vital step forwards after the completion of a phase 1 imaging study of 40 breast cancer patients in Shanghai. According to the company, the procedure delivered uniformly excellent and easy to interpret results. Radiopharm is now looking to accelerate the development of its “RAD201” process and fire up a new therapy study for its RAD202 product.

Toronto-listed gold miner and explorer, Novo Resources has unleashed the rig for a 2,000m drilling blitz to test a plethora of targets at its 50 per cent owned Malmsbury gold project in Victoria. The project hosts more than 1,500 historical gold workings with past drilling at the tenure returning significant mineralised intercepts including an impressive 4.1m grading 13.1g/t gold at the Leven Star trend.

West Cobar Metals has landed a grab bag of significant thick intersections of copper, silver, lead and zinc mineralisation at its Bulla Park prospect in NSW with drill hits spanning over a 1 kilometre strike. Significant assays returned include a 22 metre intercept grading 1 per cent lead and 20 grams per tonne silver from 253m downhole.

Chimeric Therapeutics has ticked off a new milestone in its battle against an aggressive cancer called “glioblastoma” after the successful completion of a second dose trial following a phase 1 dose escalation study near Los Angeles. The company says all patients dosed as part of the trial have now advanced past the 28 day follow-up period without experiencing any dose limiting toxicities.

Kula Gold is back at work at its Marvel Loch-Airfield project in the Southern Cross region of WA. The company’s 62-hole RC drilling onslaught of its kaolin and halloysite ground at the Boomerang prospect is again springing to life. Management says the campaign is aimed at defining the geographic extent and assessing the resource potential of the area.

Aurumin Limited has racked up a gold hit of nearly three ounces to the tonne at its Mt Dimer project approximately 120 kilometres northeast of Southern Cross in Western Australia. The 90.7 g/t hit was included in a broader 8m intersection grading a solid 15 grams per tonne gold from 71m downhole. The Mt Dimer historical production centre has previously produced over 125,000 ounces of gold.

Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Picha project after the company nailed a 1.2km by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south.

Empire Energy is now planning a follow up fraccing program with its US consultants to test a 192m long horizontal drill section at its recently completed Carpentaria-2H well in the Beetaloo Basin’s Velkerri Formation. The 192m section is thought to be the longest ever horizontal well ever drilled in the Beetaloo Basin’s Velkerri Formation. Carpentaria-2H is already showing early signs of liquids-rich shale gas.

Barton Gold has completed a first phase trial of next-generation portable exploration technology developed by the CSIRO at the company’s Tarcoola gold project in SA. The revolutionary new technology returns gold values in the field in as little as 8 hours versus several weeks for conventional laboratory-based assays. The trial is co-funded by the SA Government, who kicked in an extra $100,000 under its Accelerated Discovery Initiative.

Manufacturer and distributor of well-known home and hygiene products, ASX-listed Pental Limited could be in for a cracking lift in earnings after releasing its guidance to the market for the first half of the 2022 financial year. It expects underlying EBIT for the half year to clock in at about $6.5 million, a spectacular 53 per cent uplift on the previous corresponding period.

Askari Metals has a busy schedule ahead with multiple rock chip sampling, soil sampling, drone magnetic surveys and drilling campaigns planned across its prospective looking West Australian tenure. The company also recently snapped up some prime lithium real estate at its Red Peak project north of Meekatharra that boasts lithium bearing pegmatites never previously explored for lithium.

Podium Minerals has stepped up its hunt for more platinum group metals to add to the company’s 2.2 million ounce combined platinum, palladium and gold resource at its Parks Reef project in WA. More than 12,000 metres of drilling is planned for the new year as a separate three-hole campaign to test grade continuity and thickness of the mineralised reef at depth draws to a close.