Public Company News

Aurum Resources has completed its acquisition of PlusOr Global and now officially owns ground in Africa’s Côte d’Ivoire, where historic drill hits have run as high as 1m at a massive 30.8g/t gold from 42m. The company says diamond drilling at the project is underway and 29 holes have been completed across three targets for 4592m of core, with assays due back next month.

Altech Batteries has forecast a stunning project life EBITDA of more than €3.08 billion (AU$5 billion) for its 8000 tonnes per annum Silumina Anodes project in Germany following the completion of a definitive feasibility study. The facility will produce patented alumina-coated silicon battery anode materials known as Silumina Anodes to meet high demand in the European and US electric vehicle and grid storage battery markets.

Legend Mining says seismic reprocessing and machine learning have boosted the exploration potential of its Rockford project within Western Australia’s rugged Fraser Range, about 250km east of Kalgoorlie. The new geophysical datasets suggest a depth extension of the Mawson nickel-copper-cobalt deposit that already has an indicated resource of 860,000 tonnes at 1.34 per cent nickel, 0.88 per cent copper and 0.08 per cent cobalt.

Strickland Metals is finishing off a prosperous 2023 in style, today revealing new assay results from air-core drilling at its Horse Well prospect in Western Australia’s Mid West region, that include a highlight hit of 36m at 1.2g/t gold from 24m, with 16m going 2.5g/t gold from 32m. The company says the intercept highlights new mineralisation potential between its Filly SW and Warmblood resources.

The addition of fluorine to the Australian Government’s list of critical minerals has put ABx Group in prime position to impact global supply after it successfully pilot tested its new fluorine reactor process. The batch-scale testing that involved the processing of waste bath was recently carried out by the company’s 83 per cent-owned subsidiary, Alcore.

An independent life-cycle assessment into Neometals’ Primobius lithium-ion battery recycling plants has shown the potential for its strategy to produce key battery materials with an exceptionally low carbon footprint. The assessment, conducted by environmental impact mitigation company Minviro, confirmed Primobius’ integrated hydrometallurgical refining process had a significantly lower footprint in terms of global warming potential.

AVZ Minerals has laid claim to having the world’s biggest hard-rock lithium deposit after pumping up the resource at its Manono play in the DRC to a whopping 574 million tonnes at 1.63 per cent lithium oxide. It comes on the back of tabling a maiden resource for its Carrière de L’Este pegmatite of 173 million tonnes at 1.58 per cent lithium oxide.

Terrain Minerals has identified traces of sulphides and alteration in samples in a maiden drilling program at the company’s Larin’s Lane deposit in Western Australia’s Mid West region after plunging 101 drill holes for 6611m. The company says the campaign within its 100 per cent-owned Smokebush project was aimed at testing the bedrock under previously-defined copper, nickel and gold anomalies at the prospect.

The first look at Buru Energy’s Rafael well three-dimensional (3D) seismic cube shows data quality improvement and confirms the structure as a significant gas and condensate resource – with step-out prospectivity. Management says it can already see the reservoir and top-seal intervals in a structure similar to that mapped on historic two-dimensional data. The final volume is due by the end of February.

Si6 Metals has added further impetus to its highly-prospective Botswana precious and base metals play, with its latest drill program striking high-grade silver and copper and exciting visual nickel sulphides. The company’s three projects in the southern African country provide a compelling mix of in-demand metals that are all expected to play a big role in the future clean-energy transition.

Lithium Universe says a study into its lithium carbonate refinery at its burgeoning Québec processing hub suggests it should produce a final lithium carbonate product grading between 99.5 and 99.9 per cent. The refinery is rated to 16,000 tonnes per annum, with an assumed feed grade of 5.5 per cent lithium oxide. Hatch has completed the study and a construction site has been selected.

Novo Resources will join forces with SQM Australia after the latter agreed to pay $10 million for a 75 per cent interest in five of the former’s lithium-nickel tenements in Western Australia’s West Pilbara region. The two companies will create the “Harding Battery Metals” joint venture, with the deal also including an option over additional tenements held by Novo in the Pilbara.