Public Company News

ASX-listed Indonesia gold explorer, Sihayo Gold has generated encouraging early gold assays from a diamond drilling program at one of the brownfield prospects at its namesake project in North Sumatra. Notable intersections from nine drill holes completed at the Sihayo-2 prospect were 24.8m at 1.09 g/t gold from 52m including 6m going 2.46 g/t, and 8m at 1.32 g/t from 96m including 1m at 4.4 g/t.

The hits keep coming for Estrella Resources, with drilling at its Carr Boyd nickel project continuing to intersect sulphide mineralisation. Two drill holes above the feeder zone of the T5 discovery have intersected more than 47 metres of disseminated to matrix-textured sulphides, with mineralisation including visible nickel-rich pentlandite and copper-rich chalcopyrite. Assays are not far away.

ASX-listed mining technology company K2fly has signed a A$1.455 million contract extension with Australian iron ore major Fortescue Metals Group, which will widen the use of the supplier’s innovative land management software into Europe and South America.

Northern Minerals is set to leap back into rare earth exploration at Browns Range in WA’s Kimberley region, tabling a plan to drill up to 10,000m. The upcoming reverse circulation drilling will follow up on the last field season that generated numerous stellar rare earth oxide hits including 12m going 0.43 per cent TREO from just 34m.

AVZ Minerals says a maiden placer tin exploration target of up to 75 million cubic metres of contained cassiterite grading between 75 and 180 grams per cubic metre at its Manono project in the Democratic Republic of Congo underlines the potential for a standalone tin mine at one of the world’s largest emerging hard-rock lithium projects.

Horizon Minerals has added more gold tenements and licence applications around Kalgoorlie with the latest acquisitions being a short trucking distance from the flagship Boorara project, just south-east of Australia’s major gold hub. The additions include both surface and deeper resources as well as targets at the neighbouring Cannon underground mine.

Six years ago Hot Chili won the prestigious Emerging Company Award at Diggers & Dealers in Kalgoorlie and it has since shown its grit by accumulating a huge copper-gold-silver-molybdenum inventory at its Cortadera project in Chile, where a massive new deep target has now been outlined.

Aircore drilling has produced more spectacular gold assays for Zuleika Gold at its namesake project near Kalgoorlie, including a 2.13 ounces per tonne intercept over 1m at Paradigm East where the company is part way through an aggressive 2021 drilling campaign. Two parallel gold systems have been identified in a 2.5km-long structural corridor off the regionally significant Zuleika Shear Zone.

Barton Gold has pushed the button on its ASX listing, opening up its initial public offering to raise a minimum of $10 million for exploration in South Australia’s Gawler Craton region. An enviable package of gold projects includes the burgeoning Tunkillia deposits, which now boast close to one million ounces in resources positioning the discovery as SA largest undeveloped gold project.

ASX-listed Latitude Consolidated has taken its Murchison gold project resource past one million ounces after more than doubling its Turnberry open pit gold inventory to 610,000 ounces ahead of receiving first assays from a new 10,000-metre drilling program. The updated 1.115-million-ounce project resource includes 505,000 ounces grading an impressive 8.6 g/t in the high-grade Andy Well mine that Latitude bought from Silver Lake Resources earlier this year.

ASX-listed central Africa lithium hopeful, AVZ Minerals has lodged the all-important mining licence application for its proposed Manono hard-rock lithium and tin project development in the Democratic Republic of the Congo. The Perth-based company says the DRC Government now has all the required documentation to support its application.

Venture Minerals has begun commissioning the key wet screening plant at its former Riley iron ore mine in Tasmania as it edges closer to a full operational restart. The company says with plant construction completed and the commissioning phase underway, it remains on course to ship out the first iron ore product from the rejuvenated project in the current quarter.