Public Company News

Horizon Minerals' spin-off Richmond Vanadium Technology has joined the ASX following a successful $25m initial public offering as it presses ahead with a bankable feasibility study to open a potentially world-class battery metals mine in northern Queensland. Some 62.5 million shares were issued under the IPO at 40c a pop, including to eligible Horizon shareholders.

Godolphin Resources has used a 5-hole diamond drilling campaign to light up rare earths mineralisation at its Narraburra project in NSW that will ultimately flow into a new year resource update. Significant intercepts include 2m at 1238 parts per million total rare earth oxides from 15m and on the back of the latest results the company believes a much larger rare earths system may be on offer given the strikes were acquired outside of the site’s known mineralisation.

ASX-listed biotech Radiopharm Theranostics has been buoyed by positive data generated by one of the company’s products in imaging an aggressive and deadly type of breast cancer, with company management describing the results as “outstanding”. The data relates to Radiopharm’s RAD201 treatment and is included in an article in the latest edition of a prestigious European medical journal.

First-pass RC drilling by joint venture DiscovEx Resources and Carnaby Resources at its Shamrock prospect, part of the Greater Duchess project near Mt Isa in Queensland has unearthed a more than 750m long corridor of copper-gold sulphide mineralisation. Headline strikes from the 8-hole, 1888m campaign include 4m at 1.5 per cent copper inside of a broader 7m hit going 1.1 per cent from 76m.

Galan Lithium will gain full control of the Greenbushes South lithium project on the edge of the world class Greenbushes Lithium Mine after shaking hands on a $3 million purchase of joint venture part

RC drilling at Novo Resources’ Milburn nickel-copper-gold target near Karratha in WA has returned a swag of anomalous copper hits including 3m at 0.59 per cent from 94m, inside of a broader 13m intercept grading 0.39 per cent from 92m. The operation is adjacent to Artemis Resources’ Carlow Castle project where earlier this year the company outlined a 14.3 million tonne inferred resource going 0.4 per cent for 53,000 tonnes of contained copper.

ASX-listed Pilbara iron ore explorer CZR Resources has boosted the mineral resource at its Robe Mesa project in the shadow of a prolific Rio Tinto mine precinct by 20 per cent to 45.2 million tonnes.

Lindian Resources says its first assays from a maiden drill campaign at the company’s Kangankunde rare earths project in Malawi are due this month with one quarter of its RC and diamond drill program completed. The explorer is currently undertaking phase 1 of its 12,500m resource definition drilling operation including 10,000m of RC drilling and a further 2500m of diamond drilling to test mineralisation to a depth of 300m. The 44-hole campaign includes two RC rigs and one diamond drill rig.

Mining software supplier K2fly has secured a three-year deal worth more than $1 million with British-based multinational Anglo American for its Resource Disclosure solution. The deal is the Subiaco-based company’s first with the global miner but just the latest in a raft of tier 1 mining companies K2fly has captured in recent weeks.

Amidst new legislation aiming at curbing surging energy prices on the east coast, Empire Energy’s Beetaloo sub-basin gas assets in the Northern Territory have been made exempt from a temporary domestic price cap of $12 a gigajoule. The 12-month ceiling targets producers with new domestic wholesale gas contracts, however the directive only applies to in-operation gas fields – leaving Empire’s undeveloped holdings unaffected.

Amidst an alarming shortfall in domestic gas supplies, Empire Energy is powering ahead with its Beetaloo Sub-basin appraisal program in the NT – a campaign it says is the most active in the zone’s history. The work follows a recent report by the ACCC indicating Australia’s east coast will endure a gas shortage in 2023 and the regulator is now concerned the commodity’s already high price could jump even higher.

St George Mining has entered a memorandum of understanding with global battery giant SVOLT Energy Technology to collaborate on lithium projects including the explorer’s Mt Alexander operation near Leonora in Western Australia. The agreement establishes a framework for St George and SVOLT to negotiate and consider entering a range of commercial transactions for investment and offtake opportunities relating to lithium projects in Australia.