Public Company News

Okapi Resources has wasted no time in producing a maiden uranium resource at its Tallahassee uranium project in Colorado, USA. The company only finalised the acquisition in August and has already announced a maiden resource of 25.4 million tonnes going at 490 ppm U3O8 for 27.6 million pounds of yellowcake. Plans are now underway to commence a 10,000-metre maiden drilling program to bolster the resource further.

Kalgoorlie Gold Mining is set to pocket up to $12 million following the closing date of its initial public offering on the 26th of October. The company will use the money to follow up on some bonanza historical gold hits east of Kalgoorlie that inexplicably were never run to ground. Kalgoorlie Gold will spin out of Ardea Resources who has been quietly amassing some serious gold tenure amongst its massive nickel holdings.

ABx Group’s chemical refining subsidiary, Alcore has modelled up a processing flowsheet designed to produce aluminium fluoride using cheap smelter waste as the feedstock. Alcore’s engineers have proposed a commercial 10,000 tonne per year aluminium fluoride plant using the new technology’s proprietary process which the company believes will deliver benefits for Australasian smelters currently reliant on imports.

Venus Metals has bagged up 1500 soil samples and 58 rock chips that it will now lab test for nickel, copper, rare earths, gold, platinum, lithium and related minerals at its Managaroon north project in the Gascoyne region of WA. The samples have since been submitted for the multi-element analysis and the company is planning a follow-up program based on the results.

ASX-listed Surefire Resources has unearthed three “exciting” new bedrock conductors at its Kooline lead-silver project in WA after modelling up old airborne electromagnetic data. The company says the conductors, that have never before seen any drilling, are linked to historic, high-grade lead-silver mines. Surefire is now planning a follow-up ground electromagnetic survey and has recently secured government funding for the subsequent drilling campaign.

Aldoro Resources has hit sulphides in two diamond drill holes into the VC11 target at its flagship Narndee project, 400 kilometres north-east of Perth. The presence of sulphides and prospective host rock units in diamond core has given the company the confidence to extend the nickel prospectivity of the Narndee project out to the VC11 prospect, a whopping 7km north northwest of the VC1 target.

Multi-metals exploration company, Conico Limited has finalised its maiden drill season at the Greenland Ryberg base and precious metals project with data acquisition now in progress. Drill core samples for assay are due to arrive at the lab in Spain later this week and all core trays, totalling 3480m of core, will land this week in Portugal where further analyses will be conducted by Longland, Conico’s wholly owned subsidiary company.

ASX-listed software-as-a-service provider, K2fly has tabled a record 79 per cent growth in annual recurring revenue in the September quarter this year when compared to the corresponding quarter in 2020. The boost to the company’s top line follows the signing of three major long-term contracts that also lead to a record 125 per cent growth in total contract value in the period.

Brisbane based miner, Superior Resources has enjoyed some serious success with the drill bit at its Steam Engine prospect within the broader Greenvale project in Queensland recently. The company’s latest drill campaign produced a best result of 5m at 24.9 g/t gold including a 1m intersection going a whopping 115 grams per tonne gold from just 29m down-hole.

ASX-listed Emu NL has completed the acquisition of the Sunfire nickel-copper-PGE prospect near Bridgetown in WA. Located in the emerging South West mineral field, the Sunfire project hosts a suite of mafic-ultramafic intrusions that display a similar electromagnetic signature to Chalice Mining’s coveted Julimar discovery and it is adjacent to Venture Minerals and Chalice Mining’s evolving Thor JV.

ASX-listed junior explorer Native Minerals Resources has opened a new exploration frontier in Western Australia’s Nullabor region after being granted two key tenements in the region. The company will immediately commence a high-resolution magnetic survey over its new leases to help define new drilling targets over the 195km2 slice of the remote Nullarbor Plain.

ASX-listed Kula Gold is looking to head into the new year with a slurry of results from six months of drilling across its expanding tenement package in key prospective West Australian terranes, including the developing South West terrane and West Yilgarn nickel, copper and PGE province. A follow-up program at the company’s recently discovered Boomerang kaolin-halloysite project near Southern Cross is high on the company’s agenda.