Public Company News

King River Resources has punched 68 reverse-circulation (RC) holes for 7998m into its Tennant Creek East and Kurundi projects that sit near the town of Tennant Creek in Australia’s Top End. The $2 million drilling campaign has been designed to also test a range of new targets generated from an intensive geophysics program that was completed last year.

Strickland Metals has reeled in another mammoth hit from the Shanac deposit within its Rogozna gold-base metals project in Serbia, this time unveiling 308.4m grading 1.9 grams per tonne gold equivalent. The impressive intercept follows up an 89.7m hit running at 4g/t that was drilled at an opposing angle on the same deposit, as revealed by the company just a fortnight ago.

Reach Resources says it has secured the vital heritage clearance that will allow it to launch a drilling program at its Wabli Creek niobium-rare earths project in Western Australia’s Gascoyne region. The company now plans to target a series of highly-prospective areas at its ground after recently revealing several high-grade assays from rock chips that were taken directly from outcropping granitic bedrock.

ABx Group’s 83 per cent-owned subsidiary ALCORE will look to further refine its process to recover and recycle waste aluminium fluoride after securing a $474,000 Australian Government rebate for its research-and-development work in the past financial year. ALCORE’s “world-first” and environmentally-friendly process has been designed to recover hydrogen fluoride from the excess bath that is produced during the smelting of aluminium.

Xanadu Mines has revealed a significant increase in the mineral resource estimate for its flagship Kharmagtai copper-gold project in Mongolia, reporting a 463,000-tonne increase in contained copper and a 746,000-ounce rise in contained gold. The boost has been driven by both the results of new drilling at the White Hill deposit and a refined pit design generated as part of the company’s current prefeasibility studies.

Meeka Metals is set to plunge 22,500m worth of underground and grade-control drilling into its Murchison gold project in WA’s Mid West in a bid to unveil new mining areas to help fill its recently-expanded processing capacity. Management has also confirmed a new drill-for-equity deal with contractor Topdrill as it looks to assess high-grade plunging shoots beneath oxide open pits at its Turnberry mine.

Larvotto Resources is ready to roar into a highly-anticipated drilling campaign at its wholly-owned Hillgrove gold-antimony project in New South Wales after securing the required drill permits to launch the work. The company has designed the program to test a significant geochemical anomaly south of its Clarks Gully deposit and will conduct infill drilling with 20m spacing to enhance its confidence in the resource.

Radiopharm Theranostics has secured the services of United States-based Dr Dimitris Voliotis as its new chief medical officer in a bid to advance the company’s novel fight against aggressive cancers. Dr Voliotis comes to the company with almost 20 years of experience under his belt in the pharmaceutical and biotechnology sectors across the US and Europe and has also spent 12 years pursuing academic research.

ASX-listed Lithium Universe has joined forces with the traditional landowners of the site near Québec City in Canada where the company is planning to construct its Bécancour Lithium Refinery. Management has formed a joint committee with the W8banaki Nation’s tribal council to assist with site impact assessment and the construction of the facility while it completes a definitive feasibility study for the project.

St George Mining has beefed up its in-country leadership in Brazil – and its environmental credentials – by securing a pair of renowned niobium experts as it completes the acquisition of the high-grade, niobium-rich Araxá rare earths project in the State of Minas Gerais. The company says its new appointments add a combined four decades worth of experience in managing mining operations in Brazil.

Chariot Corporation has struck some intriguing mineralisation during exploration at its Black Mountain project in the United States, suggesting it may be homing in on a high-grade lithium source, which early evidence suggests may be lurking beneath. The company has confirmed the presence of rubidium in feldspar crystals, which is often a pathfinder to lithium-caesium-tantalum (LCT) mineralisation, with high ratios of potassium-to-rubidium being a further source of encouragement.

Thunderbird Resources has kicked off its maiden drilling campaign for uranium in Canada’s world-renowned Athabasca Basin. The initial 2400m program will test five high-priority basement-hosted targets at the company’s flagship Hidden Bay project. Hidden Bay sits within 40km of two of the Athabasca’s – and consequently the world’s – most successful uranium mines, Cigar Lake and Rabbit Lake.