Public Company News

Aurum Resources says it has obtained outstanding gold leach results exceeding 93 per cent recovery in recent metallurgical testwork on 50 samples from its Boundiali BDT1 target in Côte D’Ivoire, West Africa. Samples selected for 24-hour cyanide bottle-roll leach tests were drawn from diamond core at various stages of oxidation and across a range of gold grades expected in routine open pit mining.

In a significant move poised to bolster the immediate direction of its multi-mineral pursuits, White Cliff Minerals has secured well-known mining mogul John Hancock as a strategic advisor to its board. The company has engaged the son of Australia’s richest woman Gina Rinehart as it gears up for a substantial expansion of its project portfolio during the next year.

Triangle Energy’s hunt for onshore oil and gas at its Booth prospect in Western Australia’s North Perth Basin has stepped up a gear, with spudding of its Booth-1 well anticipated at the end of this month and drilling expected to begin in about 10 days. The company is targeting a vast 279 billion cubic feet resource at Booth.

Lycaon Resources has completed a crucial heritage survey for its multi-element Stansmore carbonatite project in Western Australia’s West Arunta region, marking a significant step towards drilling. The clearance relates to three priority drill targets at the company’s Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold and it is now eyeing a drilling program later this year.

A surface rock chip sample revealing 137.7 grams per tonne gold and 10.6 per cent copper at Latitude 66's Peräpohja Schist Belt Project (PSB) project in northern Finland has provided management with a tantalising new glimpse into what treasures may lie beneath. The company says its latest results have affirmed multiple ice flow gold-copper mineralisation trends extending up to 2km.

In this week’s edition of Bulls N’ Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Santana Minerals’ impressive 48m slice at 5.8g/t gold from 167.3m in New Zealand. We also take a close look at other interesting drill hits from last week as reported by Predictive Discovery, Venture Minerals and DevEx Resources.

This week’s Bulls N’ Bears Runner of the Week is … the ASX itself. The ASX 200 hit an all-time high of 8083.7 points, indicating to investors that there may just be green shoots and blue skies ahead. Small-cap companies that ran hard during a promising week included DGR Global, Labyrinth Resources, Miramar Resources and Stelar Metals.

Buxton Resources’ mission to deliver battery anode concentrate material from its Graphite Bull project in Western Australia’s Gascoyne region has gained momentum after recent drilling hit multiple new zones of high-grade graphite. The company says substantial graphitic core zones are visible in the first hole from the new campaign as its confidence builds in relation to its chances of delivering significant resource growth.

GreenTech Metals has knocked off the first 1743m of a planned 2200m reverse-circulation drilling program to test the Austin, Shelby and Ayshia targets at its Whundo copper-zinc project in Western Australia’s Pilbara region. The first phase of the program was designed to test the company’s unexplored Austin and Shelby targets and for possible extensions of its Ayshia deposit – all associated with fixed-loop electromagnetic geophysical anomalies.

Quantum Graphite and its joint venture partner Sunlands Energy are a step closer to securing a US$300 million funding solution to fuel their quest aimed at feeding high-purity graphite into the American economy. The partnership has confirmed it has received a letter of interest regarding the significant financing commitment from the Export-Import Bank of the United States (EXIM).

White Cliff Minerals says it has now uncovered four visible iron oxide-copper-gold (IOCG) systems during the company’s initial field program at its promising Great Bear Lake project in northern Canada. One of the four hydrothermal system discoveries has been dubbed the “Cleaver” target and, according to management, it has a gossanous zone so extensive that it is identifiable via satellite.

Legend Mining has reignited its search for nickel and copper at the Octagonal prospect within Western Australia’s rugged Fraser Range, launching a new electromagnetic survey following a four-month bad weather delay. The company has confirmed the program at its Rockford project is now firmly back on track and will explore a strong conductive zone on the eastern flank of the prospect.