Public Company News

White Cliff Minerals has extended its land grab in Canada by securing ground adjacent to its Rae copper-silver project that sits in the Canadian territory of Nunavut. The project now boasts a prospective strike length of 72km for copper-hosted sedimentary structures. The company jumped on the additional 243 square kilometres of tenure identified from geophysical data that it says may have district-scale potential for mineralisation.

Dateline Resources has wrapped a net present value of US$235m around its Colosseum gold project in California that is set to churn out 635,000 ounces over 8.3 years at an AISC per ounce of US$1490. That number compares favourably to today’s gold price US$2752 an ounce or AUD$4121 an ounce. Dateline will bank a total of US$1.344b in sales over the life of mine with about US$400m of that dropping to the bottom line.

Strickland Metals has punched out more good hits at its Horse Well gold project near Wiluna in Western Australia. The latest assays have increased the strike length by 260m to more than 1.6km at the Marwari prospect while at the Bronco prospect, two new high-grade zones have been unearthed.

Suvo Strategic Minerals has raised $2 million in a heavily-oversubscribed placement to develop and commercialise its low-carbon green cement product, with the owners of WA’s premier supplier of pre-cast concrete products, PERMAcast, kicking in $300,000 to join the register. Suvo holds a worldwide intellectual-property (IP) license for its “Geopolymer” cement that is manufactured using what would traditionally be waste streams from other industries.

Reach Resources has wound up its RC drilling program at the company’s Wabli Creek project in WA’s Gascoyne region where it searched for the source of niobium and rare earths from recent surface sampling. The company launched its maiden drill program at Wabli Creek on the 4th of October and completed 40 holes for 3013m of drilling, averaging 212m of advance per day at three priority targets.

Larvotto Resources has kicked off a major diamond drilling program at its 100 per cent-owned Hillgrove gold-antimony project in New South Wales in a bid to expand the known mineral resource. The company is looking to target “near mine” areas and is hoping to follow up on a stella prior drill hit of 31m grading a whopping 65 g/t gold.

Neometals Ltd has successfully rolled out its patented lithium battery recycling technology with the opening of a Europe’s first automotive battery recycling plant by Mercedes-Benz in Kuppenheim, Germany. Neometals and its 50% technology JV partner, SMS Group, have licensed the ground-breaking technology to Mercedes who will harvest end of life batteries for valuable lithium, nickel and other metals.

Triangle Energy has cashed its first payment for the sale of its share in the Cliff Head oil joint venture in Western Australia. The $2.4 million payment from JV partner Pilot Energy represents the first of multiple payments totalling up to $18 million for Triangle who will pivot into serious exploration as it prepares to drill further wells in the Perth Basin.

St George Mining has bolstered development plans for its high-grade Araxá niobium-rare earths project in Minais Gerais, Brazil, signing a strategic development and offtake partnership with leading global metals trader SKI HongKong. The memorandum of understanding endeavours to drive development of Araxá through both technical and financial assistance from SKI.

ASX-listed Radiopharm Theranostics has partnered with US-based BAMF Health for a phase 2b trial in the US to test its “F18-RAD 101 radiotracer”. The innovative treatment targets the fatty acid synthetase, which is a protein over-expressed in brain tumours but absent in healthy cells. It uses a molecule combined with the F18 isotope to enhance tumour detection and treatment precision.

Toro Energy has begun integrating its new vanadium resource into the recently updated Lake Maitland uranium resource block model near Wiluna. The move is set to dramatically impact the company’s previously tabled scoping study on the project that will now benefit from both uranium and vanadium sales. The combination of the two resources may also lead to economies of scale when it comes to mining according to the company.

In this edition of Bulls N’ Bears Big Hits, we examine some notable drill intercepts revealed on the ASX last week, including at Argent Minerals’ Kempfield Project in NSW with its 47m at 10.18g/t silver hit. We also take a look at other interesting drill hits from last week as reported by Nova Minerals from its RPM target in Alaska and West African Resources’ M1 South resource in Burkina Faso.