Public Company News

Twenty Seven Co could be set to join the white-hot lithium market after early visual results identified the presence of pegmatites with evidence of lithium, tin and copper mineralisation at its Trident project near Broken Hill in New South Wales. The results compliment historical geochemical sampling which included a stellar 7.63 per cent lithium oxide sample. The company is now awaiting assay results from rock chips collected from those pegmatites.

Mineral explorer Aldoro Resources has boosted its lithium footprint in WA after sealing an agreement with Trafalgar Resources for the 100 per cent acquisition of its Windimurra pegmatite assets near Mt Magnet. The deal represents the fourth acquisition of lithium ground by Aldoro in as many months. Under the agreement Aldoro will pay Trafalgar $50,000 in cash and 275,000 shares.

Great Southern Mining is rapidly scrubbing up its Southern Star gold deposit in WA after it intersected a best yet drill hit of 68 metres going 1.9 grams per tonne gold from just 61m in amongst a wealth of other high-grade hits at its Duketon project in WA. The impressive result backs up a previous 59m hit in a different hole grading 2.1 g/t gold.

WA-focused exploration company, Metal Hawk has delivered a broad 22m nickel sulphide hit going 0.27 per cent nickel at its Commodore prospect near Kalgoorlie some 150m north of its recent discovery where a 1m interval at a smashing 5.9 per cent nickel was intercepted. The company will now ramp up exploration drilling at the prospect following a $2.4m cash injection from a strongly supported capital raise.

ASX-listed aspiring gold and iron ore developer, CZR Resources has cranked up a 7,800m infill reverse circulation drilling program as a key part of the definitive feasibility study underway on its 85 per cent-owned Robe Mesa iron ore project in WA’s Pilbara. The drilling is aimed at growing the indicated resource and further de-risking the project in tandem with ongoing technical and economic studies.

ASX-listed Godolphin Resources is preparing to unleash the drill and probe several fresh targets at its Yeoval project in western NSW after a detailed review of historic exploration data set the wheels in motion. The project area covers some 290 square kilometres and compellingly, is also home to 60 historic copper gold mine workings along a 20km strike length.

Kingwest Resources has signed a joint venture agreement with FMR Investments which will see the company resume underground mining at the Menzies Gold Project north of Kalgoorlie. The deposit was last mined 85 years ago and produced 526,000 tonnes at 16 grams per tonne gold for 270,000 ounces. Lake Goongarrie is also set to be extended with five new gold anomalous zones detected.

Barton Gold is collaborating with the CSIRO to trial innovative ore detection in the field where geochemical sample analysis will be completed within eight hours. The technology, if proved successful will dramatically reduce reliance on turnaround times for laboratory assays results which can take anywhere up to 12 weeks. Barton’s government co-funded radar survey has recently identified a collection of shallow targets at its Tarcoola Gold Project in SA.

Venus Metals, along with their joint venture partner Rox Resources has had major success with its metallurgical test work recently conducted on the Youanmi Deeps Resource in WA. Test work has delivered substantial improvement in gold extraction for Youanmi Deeps with new test work improving extraction to 95.6 per cent, a substantial increase from the historical production which averaged 86.8 per cent gold recovery.

King River Resources has signed a Participant Agreement with the Future Battery Industries Cooperative Research Centre. The $120 million Australian organisation provides industry-led research and seeks to grow Australia's competitiveness and contribution in the global battery industry value chain. King River will now brush shoulders with about 60 other members of the alliance, including heavyweights BHP, IGO and the Federal Government.

Mineral exploration company, Comet Resources has commenced reporting environmental, social and governance metrics under a universal framework developed by international non-government organisation, the World Economic Forum. A series of sustainability metrics will now be measured and then disclosed in the Perth-based company’s quarterly and annual reports, including governance, anti-corruption practices, ethical behaviour, diversity and inclusion, pay equality and carbon emissions.

ASX-listed junior explorer, Latitude Consolidated has hit a solid metre of bonanza grade gold within three metres of high-grade gold at its St Annes prospect in the Murchison gold district of WA. Assay results have returned a 1m sample at St Anne’s running at a superlative 31.2 grams per tonne gold within 3m at a stellar 13.82 grams per tonne gold from 103m.