Public Company News

American West Metals looks set to acquire an 80 per cent share of the Storm project in Canada’s Nunavut province from Aston Bay Holdings after completing its exploration spend requirement at the operation. As part of an option agreement in 2021, American West was granted the chance to grab the commanding slice of the project once exploration expenditure of C$10 million (AU$11.475 million) was completed.

Australian med-tech Chimeric Therapeutics has secured the support of a United States cancer centre for a trial of its “natural killer” cell therapy for newly-diagnosed patients with acute myeloid leukemia. The clinical “Advent_AML” study, designed to enrol up to 20 patients at the University of Texas’ MD Anderson Cancer Center, will include a novel first-time combination with standard-of-care therapy.

Novo Resources has officially kicked off a maiden drill campaign at its Nunyerry North project that forms the southern part of its Egina gold camp in Western Australia’s Pilbara region – hot on the heels of its ASX listing on Monday. Management has planned a 2000m reverse-circulation program at the operation where it is targeting structurally-controlled gold targets and extensive gold-in-soil anomalies.

DiscovEx Resources says it is cashed up to bolster exploration activities at its Sylvania and Edjudina projects in Western Australia after banking more than $250,000 from recent tenement and shares sales. The company says a geophysical survey will follow up on previous soil-sampling gold and lead hits at Sylvania in multiple areas of both disseminated and semi-massive sulphides along the Prairie Downs Faults Zone.

ABx Group has installed a pilot-scale bath reactor and an associated support system at its Alcore Technology Centre in NSW to trial the production of hydrogen fluoride from aluminium smelter waste. The chemicals research and manufacturing company has developed a world-first process to produce hydrogen fluoride from a fluoride-rich waste product known as “bath”, which is often produced in excess from aluminium smelting.

Aurum Resources is set to launch a maiden 74-hole air-core drilling campaign at its Ryans Find gold project, north-east of Koolyanobbing, after completing trackwork for the rig and a heritage clearance survey. Some 3500m of drilling will be oriented in multiple transects perpendicular to the prospective greenstone belt to follow-up on gold and base metals anomalies observed in soil sampling.

Aruma Resources is chasing more gold with a multi-hole diamond drilling program at its Salmon Gums project in Western Australia following previous campaigns where the company discovered bonanza grades of up to 224 grams per tonne of gold. The project is in the same stratigraphy and 30km south of Pantoro’s Scotia project, which has a mineral resource of 1 million ounces of gold.

BMG Resources has instigated scoping and development studies, in addition to resource definition, expansion and exploration drilling, to develop and expand the 518,000-ounce resource at its Capital deposit in Western Australia. The company also plans to test other gold anomalies south of Capital, which it believes have the potential to deliver more pre-PFS ounces to the project.

Octava Minerals will become the sole owner of the prospective 202-square-kilometre Talga lithium project in the Pilbara after signing a deal to buy the remaining 30 per cent interest from its partner First Au. Octava will purchase First Au’s entire project holdings – including a 20 per cent free-carried interest – for $200,000, 1.2 million fully-paid ordinary shares and a net smelter royalty of 0.75 per cent.

St George Mining has jumped into a new critical minerals exploration program for lithium, rare earths and copper at its district-scale Woolgangie project within the fertile Coolgardie Mineral Field in Western Australia. The site sits adjacent to operating lithium mines and where historical drilling previously identified rare earths and copper anomalism. It will be the company’s first drilling program at Woolgangie.

Flush with cash from an oversubscribed IPO and a $35 million deal with neighbouring mining giant De Grey Mining for its Becher project, Novo Resources Corporation has officially launched on the ASX. The successful IPO netted the company, which is also listed in Canada, $7.5 million before costs through the issue of 37.5 million common shares to Australian residents only.

Auric Mining has started milling the second ore parcel from its 100 per cent-owned Jeffreys Find mine near Norseman and expects the first cash to land in the till next month – at a serendipitous time of strong gold prices. The company says the 145,000 tonnes of ore will take about seven weeks to process, with 52,000 tonnes already delivered to the Greenfields Mill in Coolgardie.