Public Company News

Alma Metals has revealed a new 32.8m diamond drill hit of 0.78 per cent copper mineralisation across the contact between the granodiorite intrusion and enclosing volcanics at its Briggs project in Queensland. The hole tested the south-eastern margin of the Briggs Central resource zone and management says it further validates its concept of elevated copper grades in the near-surface zone straddling the two rock types.

Infinity Lithium is charging ahead with fieldwork at its San José lithium project in Spain as it prepares to lodge an exploitation concession application for the operation with local authorities. The company says its recent work will support its environmental impact assessment that will form part of its application to mine and process the 111-million-tonne orebody grading 0.61 per cent lithium oxide.

Aurum Resources has appointed experienced African gold miner Caigen Wang as its new managing director as the company works-up the shallow, wide gold-bearing orebody at its Boundiali project in Côte d'Ivoire. Wang is no stranger to maturing African gold discoveries, taking Tietto Minerals from a market cap of about $30 million to nearly $700 million at its Abujar gold mine, also in Côte D’Ivoire.

Buxton Resources’ 100 per cent-owned Graphite Bull Project in WA’s Gascoyne region has ticked another milestone with testwork confirming its product is suitable for the manufacture of lithium-ion battery anodes. The testwork verified that uncoated purified spherical graphite (uPSG) made from Graphite Bull deposit concentrate exceeded the 350 mAh/g charging values considered to be ‘good’ for uncoated graphite achieving charging values as high as 370 mAh/g.

Bookbuilds & Banter with Boz: WA State Manager of Shaw and Partners Davide Bosio waxes lyrical about the lessons learnt from the twentieth century’s most successful day trader Jesse Livermore in Reminiscences of a Stock Operator. Livermore was once considered to be one of the richest people in the world and is generally thought to be the pioneer of day trading.

Surefire Resources has developed a “breakthrough” metallurgical process which has yielded extraction rates of 91 per cent vanadium and 88 per cent titanium from its Victory Bore magnetite concentrate in WA’s Midwest. The company says its provisionally patented technology alleviates the need for standard vanadium industry pre-treatment processing and will be incorporated into its developing Victory Bore operations where its economic, operational and environmental benefits will be evaluated.

Octava Minerals will pick up the Byro rare earths and lithium project in WA’s Gascoyne after agreeing to purchase 100 per cent of the shares in private company Byro Mining. The conditional agreement will see Octava undertake due diligence on two exploration licenses at the project which has some tantalising historic exploration hits from drill cuttings peaking at 388ppm lithium oxide and 501ppm total rare earth oxides.

Buxton Resources says it has seen intense porphyry style veining along with evidence of copper mineralisation in outcrop at its 100 per cent owned Sun Devil prospect in Arizona. The prospect is part of the larger Copper Wolf project and remains undrilled but has historic rock chips as high as 76,800 ppm copper and 93ppm molybdenum.

Larvotto Resources has kicked off a 2000m diamond drilling program to test previous high grade gold intercepts at its recently acquired 100 per cent owned Hillgrove project, 23km east of Armidale in NSW. Drilling will focus on the Bakers Creek area, which was the first locality opened up in the Hillgrove area by miners in 1877 who concentrated on the extraction of gold rather than the accompanying antimony.

Strickland Metals has kicked off drilling at its Earaheedy and Yandal projects in WA’s Pilbara region with a rig already operating on-site to focus on the company’s large-scale Rabbit Well base metals prospect. Management says a 6000m reverse circulation drill program has been designed at Rabbit Well to map out the mineralisation and geology of the target in preparation for follow up diamond drilling.

Galan Lithium says it is just two weeks away from beginning the evaporation process at its Hombre Muerto West lithium brine project in Argentina with the initial filling of its first pond underway. The move marks the first major step of the long-term production schedule for the project where Galan is aiming to produce high-grade concentrate of up to 6 per cent lithium by the first half of 2025.

Auric Mining has hit the ground running in 2024 with toll mining set to recommence at its Jeffreys Find gold mine near Norseman in Western Australia as soon as March following a successful finish to last year. The company produced more than 9740 ounces during two mining campaigns with joint venture (JV) partner BML Ventures in 2023, returning a total gold revenue of $29.28 million for the first stage of the two-year project.