Public Company News

Radiopharm Theranostics has been given the keys to the United States outpatient clinics to begin imaging trials of patients with pancreatic cancer after receiving the tick of approval from the US Food and Drug Administration for its cancer-seeking peptide.The USFDA has granted Radiopharm investigational new drug approval which will allow the company to test its patented RAD301 integrin technology in the real world.

Adriatic Metals has drawn down the first $30m tranche from a $142.5m debt package to keep the wheels spinning on its Vares silver mine development in central Bosnia and Herzegovina. The project has passed the halfway mark of construction, is fully-funded and is on track to begin processing by September 2023. The company is also committing to legacy projects in a once-thriving nearby community.

Goldfields explorers Brightstar Resources and Kingwest Resources have agreed to merge in a move to consolidate the gold assets of each company and bring their combined operations a step closer to production. The agreement has been made through a scheme of arrangement under which Brightstar will acquire 100 per cent of the shares in Kingwest.

Asra Minerals has set up future revenue streams and a carbon credit plan in the Goldfields after completing the full ownership of its Tarmoola Pastoral Station about 25km northwest of Leonora in WA. The tenure takes in a massive 170,000-plus hectare ground position and provides the company will a host of new revenue streams including accommodation, cattle sales and a carbon credit plan.

Infinity Mining has been granted a five-year extension to an exploration licence that is part of the company’s Panorama project in the Pilbara region of WA. The extension also includes two other adjoining tenements and has a new expiry date of 20 November 2027. Future exploration of the project is currently being planned with data to come from an earlier helicopter electromagnetic survey.

Auric Mining has recorded multiple nickel intercepts from its latest drilling program at the company’s Chalice West project that it says shows potential for nickel sulphide mineralisation at the site. The explorer has already identified a 7km magnetic feature linked with anomalous rare earths in addition to a 5km strike length gold anomaly at the project 50km from Norseman.

Infinity Lithium Corporation will continue moving ahead with plans to submit a direct mining licence application for its San José lithium project in Spain after a decision from the Contentious Administrative Court in Cáceres confirmed that is the most suitable path forward. Following the termination of the its Investigation Permit Valdeflorez the company says it will now proceed with an alternative process to a mining licence and one in which it already has the backing of the regional government.

Kairos Minerals has struck rich tantalum deposits going as much as 2143ppm during a lithium-caesium-tantalum pegmatite-focused drill campaign at its Mt York gold project next to Pilbara Minerals' Pilgangoora lithium mine. The results further a possibility to extract more than just gold from the 1.1-million-ounce resource in the mineral-rich region.

Chimeric Therapeutics says it has successfully completed the planned medicating of its third dose cohort as part of its study evaluating the safety of the company’s CHM 1101 cell therapy to treat glioblastoma. Glioblastoma is a rare but deadly aggressive cancer that can occur in the spinal cord or brain. The objectives of the study are to evaluate the safety and efficacy of the treatment and establish recommended dosing for a phase 2 trial.

Heavy rare earths player Northern Minerals has appointed GR Engineering Services and MACA Interquip to conduct early phase engineering and design work for its proposed commercial-scale beneficiation plant at Browns Range, in the north of WA. The company considers the operation’s Wolverine resource to be amongst the nation’s highest-grade dysprosium and terbium orebodies and says the looming award of the contract is a key step in updating its definitive feasibility study for a full-scale processing hub.

Xanadu Mines has signed a non-binding gas offtake memorandum of understanding with Jade Gas Holdings for commercial gas sales to power the copper explorer’s Kharmagtai project in Mongolia. The deal is designed to secure a reliable, low cost and cleaner energy source for Xanadu’s Kharmagtai copper-gold project using gas from Jade’s TTCBM project only 80km away.

There will be no tools down at Classic Minerals this Christmas as the WA gold explorer races finish its Kat Gap processing plant south of Southern Cross with work on the 70,000-tonne tailings facility