Public Company News

Boots on ground at Allup Silica’s Cabbage Spot project has mapped out an extensive high-purity silica sand system within easy trucking distance to the Wyndham Port on WA’s Kimberley coast. The company collected 20 surface samples along a 2km traverse designed to help pinpoint future priority drill targets. Previous sampling across the surficial sand masses returned a plethora of high-purity results peaking at 99.4 per cent silica.

Australian-based reproductive biotechnology company, Memphasys says it has received a research and development tax refund of about $1.3 million from the Australian Tax Office. The refund has been used to repay an R&D loan to Radium Capital of $849,000 plus interest of $46,621 and its net refund of $419,466 will be reinvested and used as working capital.

Lycaon Resources has begun downhole electromagnetic surveys on two 800m deep diamond drillholes at its Bow River project in the East Kimberley region of Western Australia. The company is seeking to identify downhole and off-hole conductors potentially related to nickel-copper sulphide intercepts in both holes up to 45m wide which were also confirmed by pXRF. The results will inform the design of future deep drilling of the nickeliferous intrusion.

American West has kicked off a maiden drill program at its Copper Warrior project, following up favourable geophysical IP anomalies and outcrop samples returning up to 3.3 per cent copper. The project is located nearby the historical Big Indian Copper Mine and along strike from Utah’s second largest operating copper mine with the current program to include 10 RC holes with initial assay results expected in 4-6 weeks.

Reach Resources has acquired a new Mining Lease located in the prospective Gascoyne region of WA which it plans to incorporate as part of the company’s existing Morrissey Hill lithium project. The acquisition of Mining Lease M09/101 appears to be well located both strategically and logistically with the company having already drawn up plans for exploration and trial bulk lithium ore sampling on site.

WA gold explorer, KalGold has nailed a string of solid gold hits at its Pinjin project near Kalgoorlie including multiple intersections running between 10m and 15m wide grading upwards of 5 grams per tonne gold. The company says recent reverse circulation drilling has yielded exceptional open-ended results from 3 prospects 140km northeast of Kalgoorlie extending its Kirgella North, Kirgella Gift and Providence target area to about 1150m of mineralised strike.

Auric Mining has recorded one of the highest-ever gold price sales in Australia after selling 1361 ounces from its Jeffreys Find mine at $3130 per ounce to the Perth Mint for a gross revenue of $4.26 million. The joint venture operation between the company and BML Ventures has distributed the money with Auric receiving $2.2 million in its maiden disbursement of surplus cash from the stage one of the project.

Titanium Sands has taken another step towards securing a mining licence for its heavy mineral sands project on Sri Lanka’s Mannar Island after lodging a formal submission with the area’s Central Environment Authority. The company says the CEA and environmental impact assessment consultants recently joined its Sri Lankan staff members on the island for a site visit as it continues to push its mining case.

Altech Batteries has unveiled the new design for its 60KWh Cerenergy sodium chloride solid-state battery pack and now has two prototypes under construction by its project partner, the Fraunhofer Institute in the German city of Dresden. The pack has been upgraded to improve structural integrity, cell retention and connectivity, heat loss and insulation and the ability to endure all temperature extremes.

Globe Metals & Mining has achieved metals extraction of more than 99 per cent on concentrates from its Kanyika niobium project in Malawi following a savvy decision to switch to vapour-chlorination technology. The company says the results validate its decision to move from high-cost, toxic, acid-based extraction and also highlight many other cost, processing, infrastructure, environmental, handling and ESG benefits.

A research and development tax offset of $15.6 million – and a healthy bank balance now at $29.3 million – will underpin Empire Energy Group’s bid to take its Carpentaria pilot project to a final investment decision. The company says its Beetaloo Basin project has the potential to service the Top End and east coast of Australia with more than 500 terajoules of power per day.

Askari Metals has launched a targeted trenching campaign at its flagship Uis lithium project in Namibia, where it will test four high-priority pegmatites within its recently-identified “corridor of interest”. The company will initially focus on its OP target, which has an estimated surface strike of more than 2km, before moving onto the PS, DP and K9 prospects for a total of 111 trenches through 3750m.