Public Company News

Galan Lithium has labelled its beefed-up resource “world class”, with 6.6 million tonnes of lithium carbonate equivalent at 880 milligrams per litre lithium at its Hombre Muerto West project in Argentina. Management says it is the third significant resource upgrade in three years and 72 per cent of the new figure sits in the higher “measured” category, representing 4.7 million tonnes grading 873 mg/l lithium.

American West Metals has revealed immediate RC drill program success at its Storm copper project in Canada’s far north … with the promise of more to come. The North American-focused company says the first four holes completed at its 4100N prospect all intersected thick visual copper sulphide intervals, confirmed to contain copper based on portable XRF analysis.

Everest Metals believes the identification of a raft new pegmatites has significantly boosted the potential of its Mt Edon mining lease near Paynes Find. Deep Ground Penetration Radar survey over 21 line kilometres shows 133 pegmatite-like anomalies prospective for lithium-tantalum and rare earths mineralisation that extends to depths greater than 50m. The discovery has sparked a new drilling program, to start within a fortnight.

Australian oil and gas company Empire Energy Group has turned the tap back on at its Carpentaria-2H gas well in the Northern Territory’s world-renowned Beetaloo sub-basin as it sets its sites on a pilot production plant. The well clocked a March quarter production rate of 2.81 million standard cubic feet per day over a 30-day period, up 17 per cent from previous tests.

ASX-listed Chimeric Therapeutics has been granted an Indian patent for its CLTX CAR therapies as it closes in on getting similar protection in Israel for its cell treatment for patients with glioblastoma. The new patent in India covers particular applications of the company’s technology which uses chlorotoxin, an amino acid peptide derived from deathstalker scorpion venom that it has utilised for its cancer fighting treatments.

Image Resources has lifted the heavy mineral content production from its Boonanarring mineral sands project north of Perth by 18 per cent during the March quarter, compared to the previous three-month period. According to the company’s latest quarterly report, the production increase is due to higher ore grades, despite a decrease in the amount of ore tonnes processed.

Northern Minerals’ definitive feasibility study for its Browns Range rare earths project in WA is on track to be completed in the fourth quarter of this year, as it continues to develop mining, metallurgical processing and plant and engineering design studies. The mining strategy has been determined as an open pit to 125m depth, followed by an underground mine at its Wolverine deposit.

Smart home technology company Zimi has produced an impressive March quarter to generate more value in receipts from customers in the the last three months than in the combined amount from its previous two reporting periods. The company collected $464,000 in customer receipts in the quarter, compared to a combined $308,000 from the entire first half of the financial year, according to its latest quarterly report.

Horizon Minerals has promoted chief operating officer Grant Haywood to the position of chief executive officer – effective from the start of July – as the company eyes production at its Cannon gold project. The move comes as managing director Jon Price steps down and into the position of non-executive director after more than seven years at Horizon’s helm.

Triangle Energy has reeled in $11.4 million in the March quarter – a staggering 73 per cent increase from the previous quarter – courtesy of oil sales associated with its Cliff Head JV partnership with Pilot Energy. The record sales round off a busy quarter highlighted by two oil shipments and finalising the acquisition of two oil and gas permits in WA’s Perth Basin with Key Petroleum.

Javelin Minerals has ordered more air-core drilling at its Malamute rare earths and metals project, about 10km south-east of Tottenham in central New South Wales. The company will drill 18 new holes to follow up a 40-hole air-core program in 2019 that intersected significant lateritic material overlying ultramafic and mafic rock units, forming a prominent egg-shaped magnetic anomaly almost entirely within its ground.

Ora Banda Mining has seen a mined gold grade increase of more than 50 per cent at its operations to 2.5 grams per tonne over the March quarter compared to an average of 1.7 g/t gold in the previous six months. The significant grade increase caps a solid three months for the company that also included an almost 5 per cent increase in gold produced with a total of 12,310 ounces against 11,803 ounces in the December quarter and 11,720 ounces through the September quarter.