Public Company News

Kalia Limited has delineated a new exploration target at its Teosiri prospect on Bougainville Island in PNG, with rock chip sampling turning up assays of 2.76 g/t gold, 4.9g/t silver, 0.32% copper, 1.22% lead and 2.4% zinc. The company is also finalising an independent geophysical analysis report from a detailed airborne survey completed last year, which will guide future exploration programs across its Toro JV tenements.

88 Energy has spudded its highly anticipated Winx-1 exploration well in Alaska’s famed “North Slope” oil province that targets a gross, best estimate, prospective resource of about 400 million barrels of oil across multiple stacked objectives, including the Nanushuk Formation, which is the primary target of the well. Winx-1 is adjacent to Oil Search’s Horseshoe discovery that hosts between 500 million and 1.2 billion barrels of oil.

Aurora Labs has announced that its multi-level Rapid Manufacturing Technology is able to 3D print about 113kg of metal parts per day, an impressive 55 times faster than the general market speed. The company has flagged the potential to further increase its print speeds too by using two sub-units in its Alpha machine, which could almost double the speed capacity of the single unit configuration.

Lithium Australia will carry out a preliminary study into the production of lithium-ion battery components using lithium micas sourced from its wholly-owned Sadisdorf project in Germany. This will involve the extraction of lithium phosphate utilising the company’s proprietary SiLeach process. Cassiterite mineralisation will also be processed into a saleable tin concentrate to add more value for the project.

Great Southern’s rock chip samples taken from weathered and oxidised gossanous outcrop at the SW-1 prospect of its emerging Edinburgh Park project in northern Queensland has returned high grade results of up to 10.6g/t gold, 315g/t silver and 1.95% copper. Further mapping and sampling programs are being carried out to better define the polymetallic prospect.

Vonex is making solid progress towards commercialisation of its ground-breaking Oper8tor communications App with the company poised to make a “white label” version available to businesses next month. The company also plans to make the iOS and Android versions of the Oper8tor Conference app available for download in Australia in March, ahead of a commercial launch in Europe by July.

Caravel Minerals has reported a global mineral resource of 366 million tonnes grading 0.35% copper for its namesake project near Perth in WA, which is a 46% increase in just under three years. The new resources will underpin a new scoping study for the project, which will incorporate all recent technical work to assist in updating capital and operating costs to potentially develop the project.

Tyranna Resources has identified a number of cobalt and base metal targets that indicate the potential for a much larger mineralised system around the historic Whale mine at its Goodsprings project near Las Vegas, Nevada. Some areas have coincident geochemical responses and are considered to be high priority targets. The company plans to carry out a drilling campaign later this year.

Neometals has commissioned Stage 1 of its lithium-ion battery recycling pilot plant in Canada, with SGS Canada being awarded the contracts to construct and operate the plant at the company’s fully accredited Lakefield facility. The battery shredding plant has prepared about 2 tonnes of used battery materials for the Stage 2 hydrometallurgical processing and refining phase to deliver high-purity battery materials into the market.

Calima Energy has wrapped up drilling of the second horizontal well at its Canadian Montney oil and gas play and is now preparing to complete both wells for the key production testing in early March. The rate at which the wells will be tested has been optimised to maximise the recovery of condensate and other natural gas liquids whilst providing the best estimate of the condensate yield once they are placed on long term production.

BlackEarth Minerals’ Maniry project in Madagascar has received a serious shot in the arm, with the company uncovering exceptionally wide, high grade graphite mineralisation over 56m grading 9.89% total graphitic carbon at its new Razafy NW prospect. The trench samples represent the true width of the mineralisation and may outline the potential for significant additional high-grade graphite resources to enhance the value of the project.

Great Southern Mining has discovered an intriguing gold/silver mineralised breccia pipe at its Rocky Ponds prospect, located near Townsville in northern Queensland. Rock chip samples up to 0.38g/t gold and 6.9g/t silver were returned from the hydrothermal intrusion. The company is now fast-tracking approvals and consents for RC and diamond drill testing at the prospect.