Public Company News

Infinity Mining will ramp up drilling at the most prospective targets across five of its projects in Western Australia’s Central Goldfields after results from a recent 37-hole reverse-circulation (RC) program returned grades of up to 21.86 grams per tonne of gold. The company is now planning its follow-up drilling campaign for late this year or early next year.

Horizon Minerals is charging towards a resource estimate upgrade after completing an eight-hole drill program at its Penny’s Find gold mine, 50km north-east of Kalgoorlie. Results show its high-grade lode is open at depth, with intercepts including 3.2m at 4.19g/t gold from 318.3m, 1m grading 7.49g/t from 363.9m and 0.78m going 12.85g/t gold from 331.48m. Underground mining is planned.

Geochemical sampling has confirmed massive nickel-sulphides at ASX-listed Toro Energy’s Jumping Jack discovery, which is part of its wholly-owned Dusty nickel project in Western Australia’s northern Goldfields. Toro’s 10,000m drilling program has continued this year at Dusty, which now boasts four massive nickel-sulphides discoveries and sits just 50km east of BHP’s world-class Mt Keith open-pit nickel operation.

Latest assay results from St George Mining’s lithium hunt at its Mt Alexander project in Western Australia have returned intersections going as high as 1.77 per cent as the company chases a bigger fractionated pegmatite system. Management says its headline hit was 1m going 1.77 per cent lithium from 96m, while another 2m intersection graded 1.49 percent from 109m.

WA-based mineral explorer Lindian Resources has released the highest assay grades to date from its Kangankunde rare earths project in Malawi, with headline figures including 293.4m at 3.66 per cent TREO from 4m to end of hole. The company says the “spectacular” results mean Kangankunde is emerging “as one of the world’s greatest rare earths assets”.

A positive meeting with the United States Food and Drug Administration has boosted Radiopharm Theranostics' approval prospects for an investigational new drug clinical trial for its brain cancer treatment. The company’s F18-Pivalate is a novel radiotracer that combines a molecule and a radioisotope for the detection, characterisation and monitoring of brain metastases and glioblastoma – an aggressive form of brain cancer.

Aruma Resources is hunting for unconformity-related rare earths at its Saltwater project in WA’s emerging Pilbara province. Fieldwork will consist of detailed mapping and extensive surface sampling through an 80km prospective strike, with work to start at a 15km-long priority radiometric target. Previous results of up to 11 per cent rare earths at the project will give Aruma confidence it could have the real deal.

Empire Energy Group says it has a “nationally significant resource” on its hands after an independent review of its EP187 site boosted its estimated 2C contingent resource by 270 per cent to 1739 petajoules (PJ). It says the analysis increases its conservative 1C contingent resource by 217 per cent to 304 PJ and the best-case 3C contingent resource by 129 per cent to 3507 PJ.

Conico Limited has revealed more shallow high-grade nickel-cobalt-manganese-scandium results from its Mt Thirsty JV near Norseman. Results include 29m grading 0.09 per cent cobalt, 0.62 per cent nickel, 0.73 per cent manganese and 33.2g/t scandium from surface. The resource is 66.2 million tonnes grading 0.06 per cent cobalt, 0.43 per cent nickel and 0.45 per cent manganese, with the project’s scoping study due in July.

DiscovEx Resources’ JV partner, Carnaby Resources, has added more high-grade copper hits to its highlight reel at the duo’s Burke and Wills copper-gold prospect near Mt Isa in Queensland. Headline results from a recent 10-hole campaign include 8m going 2 per cent copper and 0.5 grams per tonne gold from 130m, containing 3m grading 5.2 per cent copper and 1.3g/t gold from 130m.

Aruma Resources has unearthed a new “Rose” prospect, not far from its Thistle target, following a reverse-circulation drill campaign at its Salmon Gums gold project in Western Australia’s Eastern Goldfields region. The Rose target was highlighted on the back of positive results that include 1m at 2.3 grams per tonne gold from 27m. The new discovery sits between the company’s Thistle and Iris prospects.

ASX-listed Emu NL has confirmed “outstanding” rare earths at its Graceland project near Lake Grace after its maiden drill campaign at the site returned results of up to 960 parts per million TREO. It completed an eight-hole RC drill campaign at the operation in January, with highlights showing a 32m intercept at 716.75ppm TREO from 32m, including 4m grading an impressive 960.66ppm TREO from 32m.