Public Company News

Globe Metals & Mining has signed a non-binding term sheet with TCM Research, giving it exclusive use of the latter’s principal technology for processing niobium from the Kanyika project in Malawi. TCM has been selected to design the refinery process for the Kanyika concentrate and to determine the design parameters of a proposed refinery after carrying out metallurgical testwork on a sample.

A raft of solid new gallium hits have backed up Terrain Minerals’ claims in August that it wanted to unearth the silvery-white metal to complement the clay-hosted rare earths at its Lort River project near Esperance in Western Australia. The company says results from its recent AC drilling program included near-surface intersections of 38m at 34.1g/t gallium oxide and 27m at 35.6g/t.

There is new survival hope for people diagnosed with brain cancer after a positive response from patients engaged in a Chimeric Therapeutics trial designed to monitor the efficacy of its promising cell therapy for glioblastoma. The cancer fighter says more than half of its participating patients extended median survival expectations up to 10 months, with two patients demonstrating survival beyond 14 months.

Horizon Minerals will retain financial exposure to 62 tenements within its Kalgoorlie project area despite entering into a binding asset sale agreement for the ground with Northern Star Resources. According to the deal, Northern Star will pay Horizon $3.1 million in cash, in addition to receiving discovery payments of $20 per ounce for any JORC-compliant mineral resource at the sites – capped at 2 million ounces.

Buxton Resources says a new geophysics method has helped to define and prioritise shallow potential open-pit graphite targets at its flagship Graphite Bull project in the Gascoyne region of Western Australia. The company says its recent adoption of the Loupe electromagnetics geophysical survey method has led to multiple near-surface new targets being prioritised near its existing inferred resource.

Strickland Metals has increased its prospective strike target to 700m at the Marwari prospect that forms part of its Horse Well project in WA’s Pilbara region, following results from an air-core campaign. The results include 16m grading 2.2g/t gold from 68m, in addition to 8m at 2.2g/t from 84m, while a hole on the edge of the prospect showed 60m going 0.5g/t gold from 40m.

Prospective ground secured by Buxton Resources in WA’s West Kimberley in 2015 is now looming as a company game-changer – for more reasons than one as it continues to foster a relationship with mining giant IGO. New nickel-copper sulphides potential revealed today from the joint venture’s Quick Shears project could be just the tip of the iceberg for a burgeoning partnership that also includes international exploration.

Terrain Minerals has hit rare earths during a reconnaissance-scale air-core (AC) drill campaign at its Lort River project near Esperance, with high percentages of magnetic rare earth oxides up to 43 per cent. Assay highlights show a 3m intercept grading 919 parts per million total rare earth oxides (TREO) from 23m, including a peak 1m hit going 1878ppm TREO.

Auric Mining has entered into the free-cash phase of gold production from its Jeffreys Find mine near Norseman in Western Australia following a remarkable project journey to date of just three years. The company’s first stage of mining has produced more than 7700 ounces of gold from the operation, with 5667 ounces sold for a gross revenue of $16.6 million.

An "unsolicited" lithium review at Estrella Resources’ Carr Boyd nickel project near Kalgoorlie has spun out new and historical pegmatite potential – but the extent and lithium content is not yet known. The company says the approaches from a “leading global mining group” to evaluate the possibilities for LCT-type pegmatites at Carr Boyd has only reconfirmed its belief in what it believes the project may hold.

Terrain Minerals has set its sights on two priority polymetallic targets – which evoke the style of the giant nearby Golden Grove deposit – that have been defined from MMI geochemistry at its Smokebush project north of Perth in Western Australia. The company’s geochemical sampling yielded a 1100m-long polymetallic anomaly in the north of the grid and a new 900m-long polymetallic anomaly at the grid’s southern extent.

St George Mining has kicked off a fresh lithium exploration campaign at its Mt Alexander project in Western Australia, with soil sampling, pegmatite mapping and outcrop sampling now underway at the operation. The program aims to test new lithium targets, in addition to an 8km-long zone around its Manta prospect where previous drilling by the company intersected a 121m-thick fractionated pegmatite.