Public Company News

Perth-based Buru Energy reeled in $3.7 million over the December period after exporting about 73,000 barrels of crude oil from the company’s Ungani oilfield near Broome in WA. The figure represents a 50 per cent slice of the producer’s operating interest in the conventional field with the balance filling the coffers of project partner Roc Oil Company.

Minerals explorer Auric Mining has uncovered significant enrichment of rare earth elements along a 7km-long strike at its Chalice West project near Norseman with a swag of assay results indicating the widespread rare earths mineralisation including valuable magnet rare earths critical for high-tech products. Auric says a prominent magnetic feature in the project’s centre is also promising and needs drilling.

DiscovEx Resources has lit up a geophysical target on a freshly granted patch of dirt along strike from Capricorn Metals 2.2-million-ounce Karlawinda gold project in WA’s Pilbara goldfields. Complementing the company’s extensive Sylvania land package near Newman, the company has wasted no time in getting boots-on-ground to complete a ground gravity geophysical survey in its hunt for the precious yellow metal.

With all assay results from its recent air-core drill program at its Chalice West project now back from the laboratory, Auric Mining says widespread gold and nickel mineralisation can be added to its rare earth elements discovery. The latest results include another five holes returning anomalous gold values and anomalous nickel intercepts were also returned in a further five drill holes.

Okapi Resources has engaged BRS Engineering to spearhead a technical study into its Maybell uranium project in Colorado which historically produced 5.3 million pounds of uranium. The company’s recent land grab at the project comes laden with key geological data and technical reports. Okapi has entrusted the US-based consultancy to sift through the valuable data as it looks to unlock the potential of the Maybell uranium project.

Panther Metals has been buoyed by initial testing results of samples from its Coglia nickel-cobalt project in the WA Goldfields that returned final nickel extraction levels of 92.6 per cent. The test work was based on a blended sample obtained from the company’s maiden drilling program. Panther says the high-pressure acid leach testing indicated the potential to further upgrade the nickel grade through beneficiation.

Ultrafine soil sampling results have revealed gold in soil anomalism generating several fresh targets on a recently acquired tenement along a 1.4km zone on the Sandstone Greenstone belt. The site, that sits in Aurumin’s Central Sandstone project and near its Two Mile Hill deposit lies about 520km north-east of Perth where the company says the newly generated targets will help inform planning for the next drill program.

Asra Minerals is putting the finishing touches on its 2023 exploration assault at its multi-commodity Mt Stirling project near Leonora in WA following extensive data compilation and a comprehensive technical review. The company’s vast land holding, in the shadow of Red 5’s King of the Hill gold operations, houses multiple gold resources along with multiple intriguing rare earths and critical metals discoveries at Yttria and Wishbone.

West Perth-based Zuleika Gold is itching to get the drill bit back in the ground after discovering a 3km-long gold-in-soil anomaly at one of the company’s prospects along the prolific Zuleika Shear zone in the WA Goldfields. Zuleika says geochemical results from 1100 soil samples at its Zuleika project are “very encouraging” and hopes to launch a drill campaign in March.

ASX-listed oil producer Triangle Energy has closed the book on a solid December quarter, tabling a host of milestones including its second oil delivery to a refinery in Thailand via an all-new shipping route, farming out two gas prospective permits to Talon Energy and raking in $6.6 million courtesy of oil sales associated with its Cliff Head joint venture partnership with Pilot Energy.

Neometals has forged links with a subsidiary of Australian Vanadium Limited to potentially establish a shared vanadium- titanium processing hub in West Australia’s Mid West region. The non-binding term sheet also allows the affiliate company the option to purchase and treat concentrate derived from Neometals’ massive Barrambie titanium-vanadium project near Sandstone in WA.

Altech Chemicals has finalised the design of a 100MWh battery plant capable of producing 60KWh battery packs that utilise table salt instead of lithium and other metals normally found in a lithium-ion battery after two workshops in Germany. The company says its devices offer safer, longer-term power solutions without the threat of price hikes and supply chain issues that plague the production of critical metal-infused products.