Public Company News

Wiluna Mining Corporation has posted an impressive 28 per cent increase in its measured and indicated resource to now stand at a healthy 2.73 million ounces grading 4.46 grams per tonne gold at its namesake WA gold operation. The company’s total mineral resource at the project now clocks in at 36 million tonnes grading 3.9g/t gold for 4.51 million ounces of the previous yellow metal.

Following a strategic review of existing pegmatite fields in Western Australia, ASX-listed junior explorer, Askari Metals has swooped on two compelling exploration projects, Red Peak and Mt Deverell, both prospective for lithium-hosted pegmatites to the north of Meekatharra. No less than 11 significant pegmatite fields have already been mapped at Red Peak, with strike lengths of some stretching for more than three kilometres.

Buru Energy has completed drilling at its Rafael 1 exploration well with early indications highlighting the company has found wet gas rich in LPG and condensate. The crucial wireline logging and flow testing will follow. Since its last report, Buru says it has continued to encounter good to excellent gas shows in the much-vaunted Ungani Dolomite equivalent section from 3,857-3,977 metres depth.

Wide-spaced aircore drilling by mineral explorer, Kairos Minerals has intercepted anomalous gold and lithium at its Kangan project in the Pilbara region of WA, just 20km south of De Grey Mining’s spectacular 6.8 million ounce Hemi gold discovery. A 3,000m infill air-core drill campaign is now planned for later this month to follow-up the encouraging results.

Todd River Resources looks on track to extend its growing list of nickel, copper and platinum group element targets in Western Australia’s South West mineral field with the company kick starting an 8,000 metre aircore and RC drilling program along the eastern trend of gabbroic and ultramafic intrusions in the Berkshire Valley.

Oar Resources has expanded its footprint at its nickel, copper and platinum group elements Crown project in the Julimar district, about 70 kilometres north east of Perth in the vicinity of Chalice Mining’s amazing Gonneville deposit. A new land access agreement has opened up a raft of new potential targets that will form the focus of Oar’s ongoing soil sampling and mapping in the area.

Askari Metals has completed its inaugural field program at the Callawa copper project that sits strategically close to Rio’s extraordinary Winu copper discovery in the Pilbara– and the early results haven’t disappointed. Rock chips grading 6.78 per cent copper, 4.35 per cent, 2.02 per cent and 1.85 per cent copper were discovered in the first pass in what is generally recognised as copper-gold “elephant country”.

First pass rock chip sampling at Twenty Seven Co’s multi-element Trident project near Broken Hill in New South Wales has delivered a suite of strong copper, gold and tin hits. The results include 17.6 per cent copper, 1.275 grams per tonne gold and 2.44 per cent tin. The company is now planning further sampling around the high-grade results.

ASX-listed gold explorer Barton Gold has wound up its maiden Phase 1 drilling program at its Tunkillia gold project in South Australia. Results have defined a high-grade shallow core at the 223 deposit, highlighting a potential development opportunity as a higher grade starter pit. Drilling has coughed up a slew of significant intercepts including 12m going 2.7 g/t from 101 metres.

ASX-listed Infinity Lithium is ticking off the milestones at its San José lithium project in Spain with the successful completion of the next phase of test work triggering the second investment by EIT InnoEnergy of €200,000. Under an agreement struck last year, the third and final payment of €200,000 is payable upon the completion of the bench scale test work slated for the first quarter of 2022.

Metal Hawk has snagged another solid nickel hit down dip of its discovery RC drillhole that the company says demonstrates continuity of high-grade mineralisation at its Berehaven nickel project 20km south-east of Kalgoorlie. The significant drill hit gave up a 3.4m section grading a solid 2.32 per cent nickel from 203.8m downhole just 50m down-dip of a previously reported 1m hit going 5.89 per cent nickel from 144m.

Tambourah Metals has swooped on additional land near Chalice Mining’s spectacular Julimar nickel-copper-PGE discovery in WA to become the second largest landholder in the Julimar region with a sizeable 1,127 square kilometres. The company has picked up two new exploration licences that it says are prospective for nickel, copper and platinum group elements in the region.