Public Company News

ASX-listed iron ore and gold hopeful, CZR Resources, has tabled a robust pre-feasibility study offering positive financial returns for a potential 2 million tonnes per annum development at its 85 per cent-owned Robe Mesa iron ore project in WA’s West Pilbara. The PFS delivers payback within 2 years and more than A$600 million in cash flow over the life of the mine, with direct shipping ore leaving Port Hedland.

Deep Yellow is continuing to extend the boundaries of its uranium find in Namibia as it charges towards the delivery of a feasibility study over the proposed mining centre at Tumas. Shallow drilling over the Tubas deposits, which are located 10km west of Tumas, has returned a wealth of uranium mineralisation including an intercept of 4m at 442 eppm uranium oxide from 4m.

ASX-listed White Cliff Minerals is leaving no exploration stone unturned at its Reedy South gold project in WA’s Murchison Goldfields as it buckles up for a large aeromagnetic survey having almost completed an upsized 4,500m RC drilling program. The company plans to fly 6,100 line kilometres at 50m line spacing across its Reedy South tenement holdings prior to further in-field exploration earmarked for early next year.

Venus Metals has stumbled across a new gold discovery after getting the drill rods spinning again in the hills around Youanmi, Western Australia. The Hope prospect turned up gold mineralisation in fresh granite adjacent to the area’s classic granite-greenstone contact, with one RC drill hole hitting 1m at a solid 9.3 g/t gold from 103m downhole.

Blackstone Minerals has racked up some of its longest nickel sulphide intersections to date across the King Cobra discovery zone at its Ban Phuc disseminated sulphide deposit in Vietnam. Infill and extension drilling included one drill hole that produced a 127.6m intersection going 1.17 per cent nickel, 0.22 per cent copper, 0.02 per cent cobalt and 0.24 g/t PGE.

ASX-listed aspiring gold producer, Calidus Resources, has moved to top up its coffers with a heavily oversubscribed $31.8 million share placement to institutional and sophisticated investors and an additional $5 million placement to eligible existing shareholders. The capital raises come hot on the heels of the company securing $110 million in debt funding for its planned Warrawoona gold mining and processing operation currently in the initial development stages.

Si6 Metals is set to hit the ground running in Botswana as it builds on a developing program in southern Africa. Drilling is poised to kick off on the Maibele North nickel-copper project, where geophysical surveying has identified a deep electromagnetic target. The company is also seeking approval for drilling at the Monument gold project in WA after completing a $2 million placement.

ASX-listed Calima Energy has released the preliminary findings of an independent technical study which confirms the rich liquids potential and strong gas productivity of the Upper and Middle Montney zones across its 60,000-plus acres of ground in Canada. More importantly, the review points to fresh oil and gas resource volumes in the currently ‘unbooked’ Lower Montney interval on Calima’s ground.

Lithium Australia has granted privateer, Charger Metals, an option to acquire a suite of its projects in WA and the NT. The option will see Charger pick up the Coates and Lake Johnson polymetallic projects in southern WA and the Bynoe lithium-gold project south of Darwin. Charger will pay $100,000 and issue Lithium 8.8 million shares in the new entity to take a 70 per cent stake in the project positions.

ASX-listed aspiring manganese producer, Element 25, has struck an offtake agreement to sell half the manganese ore produced under a proposed stage two expansion of its Butcherbird project development in WA’s southern Pilbara region. The Perth-based company says its new offtake partner, private equity firm and commodity trader Semeru Energy, will buy between 175,000 tonnes and 200,000 tonnes per annum of Butcherbird manganese ore.

Victory Mines has confirmed the presence of solid grades of copper at its Bonaparte project in WA following a short, sharp drilling program which was completed in October 2020. Results from the drilling include 4m at 1.18 per cent copper and 34.4 grams per tonne silver, hosting 1m at a stunning 3.9 per cent copper and 117 g/t silver from only 47m down-hole.

Horizon Minerals has firmed up the mineral resource estimate for one of its quintet of key satellite deposits which are set to complement its proposed flagship Boorara gold project development 10km east of Kalgoorlie-Boulder. The updated resource for the Rose Hill deposit, which is less than 1km south-east of Coolgardie, now stands at 793,400 tonnes grading 3.65 grams per tonne for 93,200 ounces of contained gold.