Public Company News

Lindian Resources is assessing a low-cost trial mining campaign planned for early next year at its Kangankunde rare earths project in Malawi, while a process plant tender package is also being finalised. Mined material will be stockpiled, with the results of the trial set to be used to assess drill and blast fragmentation requirements, in addition to material handling productivity.

The first $4.7 million chapter has been written in Auric Mining’s remarkable money story at its humble Jeffreys Find gold mine near Norseman in Western Australia that many others would have ignored. Auric has produced more than 9700 ounces during two mining campaigns with joint venture partner BML Ventures, returning a total gold revenue of $29.28 million for the first stage of the two-year project.

Twigger’s Tales (Aka Argonaut’s deputy chair Liam Twigger) talks about the academic thrashing given to the methodologies used by the institution that many have used to make multi-million-dollar investments in far flung mining jurisdictions. He poses the question – who should we believe when assessing “in-country” jurisdictional risk when investing?

Strickland Metals says it has stretched its Marwari gold discovery by 400m to establish a total strike length of 1.1km following a systematic drilling campaign within its Yandal East project in Western Australia. And the company says its geophysical modelling has identified a further six promising “lookalike” targets in close proximity to the Marwari and Chetak deposits in the State’s Western Desert.

Horizon Minerals has set off on a lithium hunt through its gold-bearing Western Australian tenements after generating new exploration targets in the Goldfields and near the world-renowned Greenbushes project in the State’s South West region. The company says it has been encouraged by its results to date, but more work is now planned as it looks to broaden its operations.

Venture Minerals has produced what it says are exceptional assays of up to almost 7400 parts per million total rare earth oxides in a maiden 25-hole RC drilling program at its new Jupiter target in Western Australia’s Mid West region. Results reveal a remarkable consistency in multiple intercepts of between 12m and 32m thick and ranging on average between 2000ppm and 2500ppm TREO.

Galan Lithium says it has received several partnership approaches for offtake and strategic financing for the second-phase development of its Hombre Muerto West lithium brine project in Argentina. The interest follows a phase-one offtake and financing agreement with mining giant Glencore, with management saying the volume of direct enquiries highlights the strength of the long-term lithium market.

GreenTech Metals has revealed West Pilbara pegmatite intersections up to 24.6m thick in a maiden diamond drillhole that reached down to 810.2m at its Osborne joint venture lithium project … with more holes still to come. The company believes its highlight hit from 674m downhole could represent a down-dip extension of a mapped pegmatite at surface.

White Cliff Minerals believes its Lake Johnston South project is highly-prospective for spodumene-bearing pegmatites following a review into the operation west of Norseman in Western Australia’s Goldfields region. Lake Johnston South consists of 13 exploration licenses totalling 1874 square kilometres adjacent to and along strike from recent large-scale discoveries of spodumene-bearing pegmatites by Charger Metals and TG Metals.

Bookbuilds and Banter with Boz (aka Shaw and Partner’s WA State manager Davide Bosio) takes an early dive into the Christmas spirit to look into the annual ASX market phenomenon known as the “Santa rally” – and why this year’s renewal might just be the present investors have been hoping to unwrap.

Image Resources is cashed-up and charging towards the next phase of its life as a mining company after today pocketing $22 million from the final shipment of mineral sands from its Boonanarring project in Western Australia. The company says its coffers have been boosted to about $50 million and it is preparing to use the funds on a basket of highly-prospective projects.

The State Government has thrown its financial grunt in behind Infinity Mining’s diamond drilling program at the company’s Tambourah South lithium project, with a $149,675 Exploration Incentive Scheme grant. Infinity will fund the balance of the $299,350 program, which will see the drilling of two NQ-diameter diamond holes to depths of up to 300m to evaluate the geology under the project’s pegmatite swarm.