Public Company News

Xanadu Mines has revealed its massive Mongolian copper-gold Kharmagtai deposit is now connected to the local electric grid, paving the way for current and future construction and exploration activities. The company says its vital 35,000-volt connection to the Mongolian Southern Electricity Distribution Network is expandable and will accommodate Kharmagtai moving closer towards operational mine status.

Surefire Resources has engaged premier mining and exploration consultant Snowden Optiro to provide a mine plan, cost estimate and report for the upcoming prefeasibility study (PFS) at its 100 per cent-owned Victory Bore vanadium project in Western Australia’s Mid West region. The company expects to deliver the PFS for what it describes as its “world-class” deposit in November.

Radiopharm Theranostics has negotiated an expanded agreement with TerThera for the supply of the terbium-161 isotope to continue its fight against prostate cancer. The crucial isotope will be joined with a proprietary monoclonal antibody to form “RAD 402”, a radiotherapeutic being developed to target KLK3, a clinical cancer biomarker. Radiopharm says it could become the first KLK-based theranostic option for patients with advanced prostate cancer.

Venus Metals has uncovered two neighbouring pegmatite outcrops, with visible coarse lithium-bearing petalite running up to 4.6 per cent lithium oxide, after completing a field program at its Youanmi project in Western Australia. The program was aimed at discovering the cause of a prominent lithium soil anomaly labelled the “Deep South Target”. Results also revealed a separate assay of 3.26 per cent lithium oxide.

Brightstar Resources has its sights set firmly on building its gold resource after revealing results from its latest 2000m reverse-circulation drilling campaign at its Cork Tree Well deposit in the Laverton Gold Belt. The results include 1m at 109.6g/t from 167m and 3m at 8.7g/t from 197m and interpretations show a high probability that a 3km northerly extension to mineralisation exists, requiring immediate follow-up work.

Australian rockers Cold Chisel made Bow River famous way back in 1982 with their song of the same name. Now Lycaon Resources wants to do the same by unearthing a nickel-copper monster at its Bow River project in Western Australia’s Kimberley region. The project is the flagship operation for a discovery-focused company more than willing to get its hands – and drills – dirty.

Neometals’ joint venture company Primobius has received an order from Mercedes-Benz to supply a 10-tonne per day lithium-ion battery shredding plant for the global vehicle manufacturing giant’s new recycling operation at Kuppenheim in southern Germany. The “spoke” plant is designed to recover materials that will be recycled into a planned 50,000 battery modules that will be installed into new Mercedes vehicles.

Gold Mountain’s recent trial soil sampling at its Casa Nova project in Brazil has revealed a zone it believes is anomalous in several critical elements including lithium, caesium, beryllium, tin and gallium. The company says it may represent components of a classic pegmatite-hosted lithium, caesium, tantalum (LCT) mineralised system. The trial was conducted on only a small part of the project.

Terrain Minerals has joined the frenetic exploration and drilling fray in Western Australia’s up-and-coming, clay-hosted rare earths province near Esperance. The company has joined the ever-growing rare earths search party in the area by launching a maiden proof-of-concept drilling program after securing heritage approval at its 100 per cent-owned, 320-square-kilometre Lort River project, just 50km north-west of the town.

Buru Energy will assume full ownership of the 500-barrel per day Ungani oilfield in Western Australia’s Canning Basin from next month after JV partner Roc Oil decided to withdraw from its 50 per cent interest. Roc Oil will remain liable for its share of costs associated with both the near-term staged suspension of Ungani operations and the future decommissioning of all wells and remediation costs.

Sri Lankan government legislation designed to promote its mineral sands industry and exports has delivered a major boost for Titanium Sands and its bold development plans for its project on Mannar Island in the country’s north-east. The recent legislation was brought in to ensure local participation in adding value to related products earmarked for export.

Classic Minerals will begin trial mining at its Kat Gap project in Western Australia’s goldfields as it looks to calculate an ore reserve prior to moving into full-scale gold mining and production. The company says the pit will take about two months to complete, cost about $1.5 million and will target fully-oxidized high-grade ore, representing about half the indicated resource, to about 45m.