Public Company News

Buru Energy has moved to fast-track the phase-one small LNG plant development at its Rafael gas-condensate project in Western Australia’s Kimberley region by launching a pre-front end engineering design (FEED) study. Part of a multi-pronged strategy to monetise the asset, it is expected to be completed in the first half of next year, with the final FEED to follow soon after.

Emu NL has tabled anomalous rare earths results in 33 of 34 air-core holes sunk at the company’s Condingup project near Esperance, with assays as high as 2513 parts per million total rare earth oxides (TREO).

Triangle Energy has casing and wellheads lined up for two of three high-value wells it will drill at its onshore Perth Basin areas in the first half of next year. The company has received regulator approval to farm out a 50 per cent interest in its permits, which will see some $20 million enter the company’s coffers to offset drilling and seismic processing costs.

ASX-listed junior GreenTech Metals is leaps and bounds into a project-scale field program targeting historic lithium and recently-identified soil geochemical anomalies in Western Australia. The company today revealed it had identified nine broad lithium soil anomalous zones across its West Pilbara licence package, which covers a total area of 32 square kilometres and has more than 60sq km that are still to be mapped.

Buru Energy has started the hunt for an ally to help develop its Rafael conventional gas and condensate resource in Western Australia’s Canning Basin after appointing Miro Capital as a key advisor for its strategic partner selection process. With the Canning Basin’s first significant gas discovery, Buru believes the scope of its project will hep create a long line of suitors for Miro to assess.

Infinity Lithium’s bold plans for its San José project in Spain have been buoyed after the Regional Government of Extremadura revealed key stimulus measures stemming from changes to its “Lithium Decree Law”. In a further boost to the operation, management says the Federal Constitutional Court has declared exploitation of lithium resources in Extremadura as projects of “general and regional interest”.

Horizon Minerals has managed to get its foot on two lithium prospect areas with exquisite proximity to Greenbushes – the biggest hard-rock lithium mine in the world. The company says it paid just $225,000 in cash and shares to a private operator to get within about 10km of and along strike from Greenbushes, which has long been revered as the best lithium mine in the world.

Lindian Resources has unveiled a massive exploration target for its Kangankunde rare earths project in Malawi, with the upper echelon of the figure more than three times its already-significant mineral resource. The company recently revealed its maiden mineral resource estimate for Kangankunde, outlining 261 million tonnes at an impressive grade of 2.19 per cent total rare earth oxides (TREO).

Mineral explorer Emu NL has kicked up a collection of intriguing rocks during a maiden foray into to its Georgetown project in Queensland, returning a staggering 18 per cent copper, 35.4 ounces silver and 26 per cent lead – while also mapping out a 2km-long pegmatite. Emu has secured the right to earn up to 80 per cent in the trio of exploration permits.

Everest Metals has a nice problem – there is too much visible nuggetty gold in the reefs at its Revere gold project and it will turn to a bulk sampling program to get a better handle on tonnes and grade. Everest says it might be able to mine Revere courtesy of a simple mobile “Gekko” mining plant and has wrapped an exploration target around the project.

Si6 Metals has kicked off a combined reverse-circulation and diamond drill campaign at its Airstrip copper-silver project – one of its three flagship operations in the African nation of Botswana. Historic drill results from Airstrip show some incredibly high-grade figures including up to 60.98 per cent copper and 2833 grams per tonne silver, which management says is associated with massive copper sulphides.

Estrella Resources has utilised a next-generation helicopter-borne electromagnetic geophysical system to identify several new conductor anomalies at its Carr Boyd project in Western Australia’s Goldfields region. Multiple anomalies through a 5km strike length along the Colreavy komatiite have been recognised and, importantly, the “Target EM” system has also identified a new 3km linear zone under cover to the south of the Carr Boyd intrusion.