Public Company News

ASX-listed Horizon Minerals has banked a cool $1.3 million in cash by divesting its interest in explorer Kingwest Resources via an off-market sale process. The company now plans to inject the funds, topped up with existing cash reserves into a host of new exploration programs across its core, WA-based gold assets over the next few months.

Infinity Mining has been granted a five-year extension to its exploration licence for a key tenement that forms part of the company’s Hillside project about 50km south of Marble Bar in WA’s Pilbara region. The company says the site is highly prospective for shear-hosted gold systems, ultramafic intrusive related nickel-copper and pegmatite hosted lithium deposits.

Everest Metals Corporation has entered into a tenement sale agreement to wholly acquire two gold-prospective exploration leases southwest of Paynes Find in WA known as the Ninghan project. The asset takes in a 228 square kilometre ground position and is in an area with a host of operations in the one million-ounce club including Minjar Gold’s namesake play and Kirkalocka Gold’s nearby property.

ASX-listed Image Resources has extended its gold mineralisation at the company’s Erayinia-King project to the north after receiving solid assay results from its latest drill campaign at the site near Kalgoorlie. The explorer and minerals sands miner says the recent infill program recorded significant gold intercepts in the central section of the northern mineralised zone that had previously seen limited drilling exploration.

Godolphin Resources’ looming resource update at its Narraburra rare earths project in NSW has received a boost after assays from a maiden, 27-hole drill campaign highlighted mineralisation outside of the known system. Eight drill holes delivered intercepts beyond the current threshold including a 21m at 1163ppm total rare earth oxide strike from 17m, suggesting the company could have a much larger inventory on its hands.

ABx Group’s 83 per cent owned subsidiary, Alcore has received an initial $3.3 million of an almost $7.6 million grant to support the development of an aluminium bath recycling plant at Bell Bay in Tasmania. The funding forms part of the Federal Government’s Modern Manufacturing Initiative and will also be used to support the ongoing construction of a similar pilot plant on NSW’s Central Coast.

Green energy metals explorer Octava Minerals has entered into a farm-in joint venture agreement that enables fellow explorer Future Metals to earn up to 70 per cent in Octava’s Panton North and Copernicus North nickel, copper and platinum-group metals projects in the East Kimberley. Octava will be free-carried through to a decision to mine and will receive about $600,000 in Future Metals shares.

Askari Metals has recorded significant copper and gold results from a maiden drill program at its Horry project in the Kimberley region of WA and identified numerous follow up targets for a second phase of exploration. The company completed 29 RC drill holes for 2096m that confirmed multiple mineralised deposits at its Horry Horse gold target and Mt Dockrell copper prospect.

Triangle Energy Global has reeled in $9.96 million after farming out 25 per cent of its L7 production licence and EP 437 exploration permit in WA to New Zealand Oil & Gas. The deal follows a similar agreement with Talon Energy last year and allows Triangle, who still retains a 50 per cent stake in the assets, to advance exploration in the zones via the newly formed joint venture.

Assay results received by Greenland-focused Conico Limited from its 100 per cent owned Mestersvig project have confirmed the quartz veins in the Blyklippen-Sortebjerg, Holberg, and Nuldal faults all host high-grade lead, zinc and silver mineralisation. The results are from a 10-hole diamond drill campaign that targeted vein-hosted zinc-lead-copper-silver mineralisation adjacent to the Blyklippen Mine and 20 rock chip samples taken during 2022 fieldwork.

Everest Metals Corporation is looking to expand its battery and precious metals portfolio after lodging an application for two prospective tenement packages near Alice Springs in the Northern Territory. The total application area covers the Georgina and Amadeus projects that include 15 exploration licences covering an area around 10,200 square kilometres.

The final tranche of assay results from a recently completed RC drilling campaign at Surefire Resources’ Victory Bore project in WA’s Mid-West have dropped through the company’s letter box, confirming even more, massive mineralised widths of vanadium pentoxide to add to what is already an enormous resource. Surefire has also uncovered a new vanadium prospect it has called the Mystery Lode.