Public Company News

A week after new US President Joe Biden sent a shudder through the petroleum sector by temporarily halting future oil & gas property leasing, Australia’s 88 Energy is preparing to commence a critical drilling campaign on its already secured leases on Alaska’s prolific North Slope. The company is ticking all the boxes as it prepares to spud the first well at its exciting Project Peregrine.

Gold hopeful, Kingwest Resources has turned in the first assays from its inaugural aircore drilling campaign at the Goongarrie gold project and they have not disappointed. The initial report card reads well with one of the best hits returning a stellar 38m at 3.1 g/t gold from 62m, including 6m at 17.2 g/t from 94m downhole. The project sits almost on the main highway between Kalgoorlie and Menzies.

Okapi Resources is onto extensive gold anomalism at its Lake Johnson project east of Norseman in WA. Soil sampling across the company’s Mt Day gold prospect has thrown up three priority gold targets, the largest of which covers close to 2,000 metres of strike. Management is now planning further sampling across the targets as it looks to drill test them in the coming months.

ASX-listed clinical-stage biotech group, PharmAust has put out a call to pet owners who have dogs with B-cell lymphoma to allow their pets to participate in a Phase IIb trial to help the company evaluate its newly formulated anti-cancer drug Monepantel. PharmAust says recent trials have shown the drug is a safe and effective treatment for dogs that have not undergone any treatment for this type of cancer.

Deep Yellow has been recognised by OTC Markets as one of the premier performers on its OTCQX platform. The aspiring uranium producer made OTCQX’s Top 50 listing, which acknowledges the company’s annual share price performance and its commitment to international regulatory and compliance standards. Deep Yellow continues to develop the Tumas uranium project in Namibia with its PFS for the project set to be delivered in the coming weeks.

ASX-listed aged-care and healthcare technology outfit, InteliCare continued to produce steady sales growth in the December quarter, highlighted by the recent order from Eremea Home Care Services in NSW, while having increased its distributor sales channels by 45 per cent. At the end of the quarter, the Perth-based company was sitting on a solid cash pile of $3.1 million.

Anglo Australian has extracted high gold recoveries from initial metallurgical test work conducted on oxide and fresh rock ores from its historic Mandilla gold project near Kambalda in WA. Gold recoveries predominantly in the high-90s percentage range were recorded, which the company says supports a conventional gravity and CIP processing pathway to gold production. The company is edging closer to a mineral resource estimate for the project’s Mandilla East deposit.

ASX-listed Venus Metals has unearthed fresh rare earth element exploration targets on its ground east of Carnarvon in WA. Assays of reconnaissance stream sediment and rock chip samples exceeding 1,000ppm Total Rare Earth Oxides were recorded at two new sites less than 2km west of eMetals’ Cairn Hill Rare Earth Element anomaly which recorded a peak of 2,700ppm Total Rare Earths.

ASX-listed manganese producer in waiting, Element 25 has nailed a binding take-or-pay offtake agreement with OM Materials covering the first five years of projected manganese ore production at Element’s developing Butcherbird mine about 130 kilometres south of Newman in WA’s southern Pilbara. OM Materials is a wholly owned subsidiary of ASX-listed, Singapore-based integrated manganese and silicon group, OM Holdings.

Dual ASX and London-listed aspiring Balkans polymetallic project developer, Adriatic Metals has cleared one of the final major regulatory approval hurdles taking it a step closer to starting construction at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. Receipt of the project’s Veovaca exploitation permit now paves the way for the company to crank up development at Vares later this year.

Ardiden has ploughed into its winter drilling campaign at the South Limb prospect in Canada where the company has designed a seven-hole program across the prospect, which lies only 500 metres along strike from the high-grade Dona Lake gold mine. The drill rig is scheduled to head back to the company’s flagship Kasagiminnis deposit following the completion of drilling at South Limb.

ASX-listed high purity alumina player, Altech Chemicals says it has kicked off battery performance testing of graphite particles that have been coated with HPA using its alumina-coating technology. It comes after what the Perth-based company described as the successful demonstration of the technology to coat graphite particles, typical of those used in anode applications within lithium-ion batteries, with a nano layer of HPA.