Public Company News

In a remarkable move, Deep Yellow has managed to convert nearly 100 per cent of one of its world-class uranium resources at the Tumas 3 deposit in Namibia from “inferred” to the higher confidence, “indicated” category, upgrading just over 24 million pounds of eU3O8 grading 313 parts per million. The uranium developer said that the global Tumas 3 mineral resource now stands at 36.8Mlb grading 328ppm eU3O8.

In an extraordinary demonstration of its aim to “close the loop” on the energy-metal cycle, Lithium Australia has tabled its initial results from test work using recovered alkaline battery metal dust to create a micro-nutrient supplement for plant fertilisers. Lithium Australia conducted “glasshouse pot trials”, growing wheat in a variety of controlled scenarios including using the recycled dust.

Adriatic Metals has expanded its footprint in the Balkans by moving to acquire TSX-listed Tethyan Resource Corp and its basket of in-country poly metallic assets ranging from historical mines and established resources to some very compelling exploration ground in Serbia. The deal will expand Adriatic’s land holdings in Europe to over 301km2 across Bosnia and Serbia.

Great Southern Mining has re-stocked its financial armoury with commitments received to raise $3.15M in a placement that will see the ASX-listed company turbo charge its exploration program at its Cox’s Find gold project in Western Australia. Prior notable results from its maiden drilling program include 5 metres grading 14.54g/t gold and 5m grading 31.23g/t

Venus Metals has lodged four new tenement applications about 50 kilometres northwest of Menzies in Western Australia and it has identified some interesting gold and nickel targets by conducting a historical data review at the project. The project is nestled on the boundary between the revered Youanmi and Kalgoorlie Terranes in the central section of the Yilgarn Craton.

For the fourth time in as many weeks, Middle Island Resources has ferreted out another emerging deposit less than a kilometre from its mothballed 600Ktpa processing plant in Sandstone, underlining the company’s intention to restart gold mining in the historic West Australian mining precinct. New results have extended the Plum Pudding deposit to the south and include 3m grading 3.72g/t from 29m and 10m grading 3.08g/t from 41m.

Local heavy rare earths producer, Northern Minerals, has executed a letter of intent with Soluna Australia to develop a renewable energy power plant and battery storage facility at Northern’s Browns Range mine in the East Kimberley region of Western Australia. Soluna Australia is the energy storage division of ASX-listed Lithium Australia and Chinese joint venture partner, DLG Energy.

ASX-listed 88 Energy has received the unanimous support of the board of directors at XCD Energy after 88 Energy increased its off-market, all-scrip offer for the fellow Perth-based and Alaska-focused, small-cap oil exploration player today. If accepted, the improved offer will increase XCD security holders interest in 88 Energy post deal from 15 to 20 per cent.

ClearVue Technologies has boosted the power output of its smart solar window glass panel prototype by a massive 33 per cent to 40 watts per square metre after enlisting help from solar specialist, D2 Solar, based in San Jose in California’s Silicon Valley. The uplift in power output cannot be overstated for the ASX-listed ClearVue and may be something of a game changer.

With platinum group metals pricing reaching near record prices, Impact Minerals has re-analysed previous drilling samples from its poly-metallic Red Hill prospect in NSW and come across some remarkable numbers including 29m grading 10.9g/t 7PGM, which comprises the six platinum group metals plus gold. This near 30m zone includes copper grading 2.3%, 0.4% nickel.

Uranium developer, Deep Yellow, is backing its view that the uranium price is on the move, with significant metallurgical test work at its Namibian uranium play showing positive results that should provide a boost to the project pre-feasibility study. Deep Yellow has deep pockets too, with around $13M in the bank as at the end of Q1.

After thirteen years of research and development in advanced cathodic materials, ASX-listed Lithium Australia, via its subsidiary, the Very Small Particle Company, is about to ramp up its commercial cathode powder production. VSPC is finalising an agreement to produce 1,200 tonnes per of lithium ferro phosphate cathode powders initially in China to supply battery manufacturers to the burgeoning Chinese electric vehicle market.