Public Company News

DiscovEx Resources’ JV partner, Carnaby Resources continues to kick goals in Queensland announcing a suite of prominent precious and battery metal strikes at the duo’s Greater Duchess project in the Mt Isa region. The campaign was headlined by a 6m parcel grading a sky-high 6.7 per cent copper and 1.2 grams per tonne gold from 77m at the emerging Burke & Wills discovery.

Brightstar Resources is set to kick off a fresh 6300m RC drilling campaign at its flagship Cork Tree Well project as it looks to extend its gold mineralisation along strike to the north and at depth. The company says the 30 hole program will also include infill drilling at the project’s main structure as it looks to convert inferred mineralisation into indicated JORC resource status.

Queensland-based and WA-focused explorer Infinity Mining has wasted little time getting boots on the ground for what promises to be a big year of drilling, opening its 2023 campaign in the Central Goldfields. On the look-out for gold, lithium and rare earths, Infinity has about 2000m of RC drilling planned for this year across several of its WA tenements.

Minerals explorer Godolphin Resources is pocketing a handy $100,000 grant from the NSW Government to help fund its next drilling campaign at its promising Cyclops copper prospect north of Yeoval in the state’s central west. The grant comes from the Government’s New Frontiers Exploration program as part of the NSW Government’s Critical Minerals and High-Tech Metals Strategy.

Middle Island Resources is widening its copper-gold chase at its Barkly project in the NT with its maiden drilling program throwing up all the trademarks of an iron oxide-copper-gold style mineralisation. The company has been on the hunt for all available sources of data to build into its geological model as it awaits final assay results from the four-hole probe.

Surefire Resources’ Victory Bore deposit in WA’s Mid West, is looking like the gift that keeps on giving after a program of 62 RC holes for 5189m delivered a 56 per increase in the operation’s already hefty vanadium resource. The asset now tips the scales at 235 million tonnes at 0.39 per cent vanadium pentoxide.

Mineral sands producer Image Resources has posted a productive quarter with higher ore tonnes processed than forecast at its flagship wholly owned, high-grade, zircon-rich Boonanarring mineral sands project, located 80km north of Perth in the North Perth Basin in WA. Lower ore grades were partially offset by the higher production and heavy mineral concentrate sales were in line with forecast.

ASX-listed Sydney-based reproductive biotechnology company Memphasys has received a tick of approval for its trademarked sperm separation device, Felix, in an article published by a leading medical magazine specialising in male reproductive and urological issues. Felix has been nominated by Memphasys as one of its three priorities in 2023 to deliver the highest and quickest commercial returns.

Ora Banda Mining is steadying itself for a year of strong gold production with lower costs at its mining operation in WA’s Goldfields. The company’s ongoing improvement strategies have boosted its key performance indicators by increasing mining productivity and ounces mined. A string of strong exploration results will feed into an updated mineral resource estimate slated for February this year.

Sydney-based Australian oil and gas company Empire Energy Group has hailed its December quarter as the most active in its history. The workstream was headlined by Empire’s drilling completion of the Carpentaria-3H gas well in the Northern Territory’s world-renowned Beetaloo sub-basin and included a record breaking 2632m horizontal section that was realised on time and significantly under budget.

ASX-listed Lithium Australia has enjoyed a record-setting December quarter with the company increasing revenue from customers by more than $200,000 to $1.261 million in addition to a significant reduction in operating costs. The latest figures are more than double the $488,000 made in receipts from customers in the corresponding December quarter of 2021 and appears to be a record for Lithium Australia.

Perth-based Buru Energy reeled in $3.7 million over the December period after exporting about 73,000 barrels of crude oil from the company’s Ungani oilfield near Broome in WA. The figure represents a 50 per cent slice of the producer’s operating interest in the conventional field with the balance filling the coffers of project partner Roc Oil Company.