Public Company News

WA-focused exploration company, Aldoro Resources has delivered a thick 35.95m interval of disseminated magmatic sulphides, including 2.95m of massive to semi-massive sulphides at its flagship Narndee nickel, copper and PGE project. The new hit marks the seventh hole of seven to have intercepted sulphides at the VC1 prospect, with assays from the first two holes returning grades up to 1.05 per cent nickel and 2 per cent copper.

Manufacturer and distributor of well-known consumer goods, Pental Limited has pocketed nearly $4.5 million, more than double the amount intended, from a heavily oversubscribed share purchase plan related to its acquisition of e-commerce business, Hampers With Bite. The acquisition could transform Pental’s sales networks for many of its iconic brands that include Huggie, White King, Jiffy and Velvet to name just a few.

Aldoro Resources has completed a site visit to its newly acquired Niobe project area in WA and has defined the extent of the anticipated rubidium footprint over several pegmatite prospects. Rock chip samples collected were analysed with a portable XRF gun which confirmed elevated rubidium values associated with zinnwaldite mica. Sixty-six planned drill holes have been pegged for a reverse circulation drill programme scheduled to kick off in October pending access clearances.

ASX-listed Si6 Metals is neck deep in a ground geophysical survey at its Dibete, Airstrip and Maibele North prospects in eastern Botswana. Previous similar surveys have successfully mapped and extended existing nickel-copper sulphide mineralisation at Maibele North which boasts a 2.38 million tonne resource grading 0.72 per cent nickel and 0.21 per cent copper. Si6 is preparing a drill campaign to test the new targets.

Specialist test work on natural flake graphite sourced from Comet Resources’ 100 per cent owned Springdale graphite project in the south of Western Australia has demonstrated its suitability to produce a precursor material for use in the manufacture of lithium-ion battery anodes. Comet says the results enhance the prospects for future development of the project.

ASX-listed K2fly Ltd has clinched a five-year contract with leading platinum, palladium and gold producer Sibanye-Stillwater, who has signed on for the implementation of the resources software-as-a-service provider’s Decipher mining tailings management solution. K2fly says the South African-headquartered Sibanye-Stillwater intends rolling out K2fly’s software at all of the miner’s more than three dozen tailing storage facilities it operates in southern Africa and the United States.

ASX-listed junior gold explorer Torian Resources says it has encountered gold mineralisation at high priority prospects at its flagship Mt Stirling project about 40 kilometres north-west of Leonora in WA following a round of auger vacuum drilling. The company has also dipped its toes into the cryptocurrency space via an equity swap arrangement with blockchain outfit BullionFX.

Legend Mining continues to reap the rewards of its highly targeted exploration efforts at its Rockford Project in WA’s emerging Fraser Range base metal province. A maiden diamond drilling program at the Octagonal prospect has hit a broad zone of blebby and semi-massive nickel-copper sulphides. Drilling has also confirmed the presence of a large layered mafic-ultramafic intrusion that looks to be analogous to the nearby Nova-Bollinger and Silver Knight deposits.

Manganese producer, Element 25 has scored an eight-year “innovation patent” for its cutting-edge extraction technology used to separate manganese from concentrate produced at its 100 per cent owned Butcherbird mining and beneficiation operation north of Meekatharra in WA. The company is looking to manufacture a high-purity manganese sulphate monohydrate product for use in the thriving lithium-ion battery industry.

Infinity Lithium has ticked off a key milestone with metallurgical testwork producing the first battery-grade lithium hydroxide from its 75 per cent owned San Jose lithium project in Spain. The company’s technical advisory committee has undertaken a parallel review of all technically feasible alternative extractive technologies identifying multiple new processes which could provide opportunities for significant improvements in all parameters of the process flow sheet.

ASX-listed Lithium Australia is seeking to carve out a niche position as one of the only providers of nickel-free and cobalt-free cathode materials outside of China. The company says the reliance on China for the materials is of “great concern” and Lithium Australia’s wholly owned subsidiary is well positioned to establish a strategic stake in the lithium-ion battery market.

ASX-listed resources software provider K2fly Ltd has bedded down a five-year extension to its existing contract with the world’s largest gold company, Newmont Corporation in relation to its resource governance software-as-a-service solution. Perth-based K2fly says the extension deal, which takes the Newmont contract period out to March 2028, has a total contract value of A$1.3 million.