Public Company News

American West Metals has delivered more shallow and high-grade copper results from its Storm project in the Canadian province of Nunavut, with peak assays including a 1.5m hit at 7.6 per cent copper from 77.7m. The impressive hit came from a drillhole sunk at the company’s Lightning Ridge prospect, which also recorded a 15.2m segment grading 2.3 per cent copper from 30.5m.

Prominent investor and prospector Mark Creasy’s Yandal Investments has entered into a subscription agreement with Zuleika Gold worth $3 million. While still subject to shareholder approval, the deal could see Yandal increase its voting power in Zuleika from 19.12 per cent up to 42.53 per cent after Mr Creasy’s company purchased 100 million shares in the explorer back in March last year.

Askari Metals has captured a battery metals-prospective permit via a corporate takeover to add to its growing flagship Uis lithium project that sits within Namibia’s Uis-Cape Cross pegmatite belt. The permit, which Askari gained through its full acquisition of Green Lithium, is along strike and juxtaposed next to Andrada Mining’s operating tin mine and Spodumene Hill discovery.

Strickland Metals has officially kicked off a heritage survey that is focused on large-scale prospects at its Yandal and Earaheedy projects in WA, where the company has identified two priority drill targets. Management believes successful clearance of the survey will allow it to expand on an ongoing air-core drilling program at its Horse Well prospect, with both new targets offering tier-one discovery potential.

Estrella Resources has earned pre-qualification in the Timor-Leste Government’s inaugural minerals tender process, opening up a potential pathway for the company to acquire tenure in a region known to host more than 200 mineral occurrences including gold, copper, manganese, silver and chromite. The process appears set to end the region’s dearth of exploration due to a succession of long-standing geopolitical factors.

Brightstar Resources says an independent $60.9 million valuation of its gold plant and infrastructure in WA’s far northern Goldfields represents significant development advantages ahead of a mining restart at its Menzies and Laverton gold projects. Management says the estimation outlines expenditure the company will not have to pay and the time it will save during the building process because it already has the existing infrastructure.

Auric Mining has produced an additional 4300 gold ounces from its second campaign at its Jeffreys Find gold mine near Norseman and expects to rake in $28 million in gross revenue from stage-one production. A maiden parcel of 36,180 tonnes has been milled at the Greenfields mill in Coolgardie at 93.04 per cent recovery, yielding 1721 gold ounces from a head grade of 1.58g/t.

The Human Research Ethics Committee has given Radiopharm Theranostics its stamp of approval to begin first-in-human phase-one dose escalation trials in Australia on patients living with non-small cell lung cancer. The company says the vital approval will allow it to pursue greater hope for patients dealing with a devastating condition that currently has a “poor prognosis” in terms of life expectancy.

Buru Energy has moved to fast-track the phase-one small LNG plant development at its Rafael gas-condensate project in Western Australia’s Kimberley region by launching a pre-front end engineering design (FEED) study. Part of a multi-pronged strategy to monetise the asset, it is expected to be completed in the first half of next year, with the final FEED to follow soon after.

Emu NL has tabled anomalous rare earths results in 33 of 34 air-core holes sunk at the company’s Condingup project near Esperance, with assays as high as 2513 parts per million total rare earth oxides (TREO).

Triangle Energy has casing and wellheads lined up for two of three high-value wells it will drill at its onshore Perth Basin areas in the first half of next year. The company has received regulator approval to farm out a 50 per cent interest in its permits, which will see some $20 million enter the company’s coffers to offset drilling and seismic processing costs.

ASX-listed junior GreenTech Metals is leaps and bounds into a project-scale field program targeting historic lithium and recently-identified soil geochemical anomalies in Western Australia. The company today revealed it had identified nine broad lithium soil anomalous zones across its West Pilbara licence package, which covers a total area of 32 square kilometres and has more than 60sq km that are still to be mapped.