Public Company News

Impact Minerals has continued to build its portfolio of projects in Western Australia with its latest addition being an intriguing gold project to the east of the world-class St Ives gold mining centre near Kambalda. The Doonia project covers what appears to be a mafic intrusive with a similar geochemical and geophysical signature to the ground-breaking Hemi gold discovery in the Pilbara region.

ASX-listed PolarX has secured significantly improved terms on its option to acquire an 80 per cent interest in the Alaskan Caribou Dome copper deposit and a 90 per cent interest in the adjacent Senator property. The company has extended its option another three years to 6 June 2024 allowing future expenditure to the vendor to be spread across the next four years.

ASX-listed West Africa gold explorer, Mako Gold, has been buoyed by the latest bonanza gold drill hits at its majority-owned Napie gold project in Côte d’Ivoire and says the exciting Tchaga prospect has the makings of a significant gold discovery. The stand-out assay result was 2m at 92.95 g/t gold from 36m including 1m at 143.6 g/t or 4.6 ounces of gold to the tonne.

ASX-listed gold and base metals explorer, White Cliff Minerals, has the drill rods turning as it moves quickly to test its recently increased footprint around the historic Reedy South gold project, 40km north of Cue in WA’s Murchison goldfields. The 3,000m RC drilling campaign will target two historic gold prospects, namely Pegasus and King Cole.

Infinity Lithium continues to kick goals at its San Jose project in western Spain, with ongoing test work being developed as part of the company’s feasibility study, showing improved recoveries of lithium from the front-end of the proposed processing flowsheet. First-stage beneficiation shows a 10 per cent increase in lithium recovery, compared to the previous figures achieved as part of Infinity’s earlier pre-feasibility work.

ASX-listed gold explorer and aspiring developer, Middle Island Resources, has again increased the global gold resource base at its historic Sandstone project 12km south of Sandstone in WA’s East Murchison mineral field. The Perth-based company released initial mineral resource estimates for a further two out of five new satellite deposits, pushing up the total gold content for the entire project to more than 745,000 ounces.

Estrella Resources is ramping up exploration at its high-grade T5 nickel sulphide discovery in Western Australia, adding a second diamond rig to the metal hunt and upgrading infrastructure at the project. It is also expanding the scope of its work program having identified a bevy of new targets across this resurgent nickel-rich terrane.

ASX-listed White Cliff Minerals has entered into an agreement to sell its non-core Merolia gold project near Laverton in WA to London-listed explorer, Panther Metals, for about $274,000 in cash and shares. Divestment of Merolia will allow the Perth-based company to focus on its historic Reedy South project 40km north of Cue and its Midas copper-gold project in the Paterson Province, both in WA.

St George Mining is continuing a deep drilling program across its Mt Alexander nickel sulphide project in WA, with a recent diamond hole intersecting 30m of the fertile, basal ultramafic stratigraphy including 6m of disseminated sulphides. Encouragingly, the intensity of the sulphide intercept does not explain the booming anomaly now being targeted beneath the West End prospect suggesting the EM conductor has yet to be properly tested.

ASX-listed Kalgoorlie gold producer, Horizon Minerals, has poured first gold from the third and final instalment of toll milling ore that was mined from trial open pits at its flagship Boorara project, 10km east of Kalgoorlie-Boulder. Gold production and revenues from the third round of toll processing are forecast at between 2,100 ounces and 2,600 ounces for between $5.3 million and $6.6 million, respectively.

Lithium Australia’s 90 per cent-owned subsidiary, Envirostream Australia has applied for permission from the Environmental Protection Agency Victoria to allow one of its Melbourne battery recycling premises to operate above 500 tonnes per annum as it targets future volume growth in end-of-life battery collection. Envirostream has operated below 500tpa of specified e-waste at its Victorian sites so was not previously required to hold an EPA license to operate.

Indiana Resources is preparing to dive into exploration at its Lake Labyrinth project in South Australia, with drilling expected to kick off later this month. The company has planned a program of reverse circulation drilling over the Minos prospect to follow up on historical high-grade intercepts, including 12m at 10.36 g/t gold, as it ramps up exploration aimed at delineating a maiden resource in 2021.