Public Company News

Aurumin has kicked off its latest 1600m drill program and will launch into its prospective Plum Pudding deposit where a mouth-watering 18m drill hit graded 25.8g/t gold at its Central Sandstone project about 520km northeast of Perth. The company also plans to target extensional and infill drilling at its Shillington deposit and aims to crash through the million-ounce milestone at the project shortly.

88 Energy has reinforced its position on Alaska’s North Slope after securing four new, highly promising petroleum leases adjoining the existing 10 blocks it already holds at the company’s Project Leonis grounds. Seismic data revealed the discovery of significant oil potential at the new prospect, which covers 43 square kilometres and contains a sizable target up to 102m thick.

Octava Minerals has found 14 key structural antimony targets along a 10km antimony corridor at its Yallalong project in WA’s Gascoyne region, identified via a recent surface gravity geophysical survey. The targets look similar to its Discovery prospect that was the only site drilled out of four prime areas identified in historic exploration, and which assayed up to 7m at 3.27 per cent antimony along a 300m strike.

Meeka Metals has posted a massively improved definitive feasibility study that places its Murchison gold project in WA firmly on the road to almost doubling its total free cash flow to $1 billion over the mine’s expected 10-year lifespan. It also outlined a 31% boost in reserves and a 40% rise in production to 544,000 ounces over the decade with peak annual sales reaching 76,000 ounces in year five.

Reach Resources has anointed global mining technical services firm Mining Plus to independently review the expansion potential of its Murchison South gold project in WA and to prioritise targets for a new-year drilling campaign. It follows Reach’s own review that identified substantial potential and highlighted immediate drilling opportunities at the project, with plans now made for a 12-hole RC drill program at the site.

GreenTech Metals has launched high-powered electromagnetic surveys at its flagship Whundo project in WA’s Pilbara region to uncover deep copper-zinc-rich targets ahead of a major 4000m drilling campaign that kicks off this month. The fixed loop electromagnetic survey will cover 1.14 square kilometres and examine the northern down-plunge extensions of key known mineralised zones, including Whundo, Austin, Shelby, and Yannery.

Novo Resources has picked up a new gold and base metals exploration play in WA’s Pilbara region by locking up a 1520-square-kilometre land package near Onslow that is littered with evidence of historical mining. The two-part move involves pegging six new tenements together with securing an option on a 70 per cent interest in the nearby Cane River project held by a private company.

88 Energy has pinpointed no less than 10 independent hydrocarbon leads after doing the initial interpretation of newly acquired 2D seismic data across its PEL93 exploration licence in the Owambo Basin, Namibia. The findings, conducted by exploration program operator Monitor Exploration has reconfirmed substantial closed-in structures right across the southern area of the lease, previously picked up in geophysical survey.

With the critical minerals boom in full swing Lycaon Resources is eagerly awaiting a suite of niobium assay results from a drill campaign at its Stansmore niobium-rare earths project in Western Australia’s West Arunta region. The company is looking to identify anomalous pathfinder and trace elements that will demonstrate potential for its targeted 500m diameter magnetic intrusive feature to host critical metals mineralisation.