Public Company News

Latitude 66’s Kuusamo Schist Belt gold-cobalt project in Finland will participate in a EUR €5 million (A$8 million) geophysics research scheme funded by the European Union that will focus on deep mineralisation. The initiative aims to focus efforts on three key regions that include Lattitude’s project area, together with areas of the Iberian Pyrite Belt in Portugal and the Kalahari Copper Belt in Namibia.

Chariot Corporation is pummelling its near-surface lithium spodumene targets with drilling at its flagship Black Mountain project in Wyoming, USA. Armed with a cutting-edge Boart Longyear reverse circulation drill rig, the company is targeting high-grade spodumene resources to fast-track its small-scale lithium mining strategy to service the burgeoning US electric vehicle market.

Empire Energy is now well on its way to being the first to produce gas out of the NT’s biblical scale Beetaloo gas basin after Macquarie Bank put up a $65m funding package for it, avoiding the need fo

Javelin Minerals has kicked off maiden drilling at its brownfields Coogee gold-copper project near Kambalda where it is looking to drill test a curious magnetic anomaly discovered near an old open pit. The drilling contractor, Topdrill, will accept shares in Javelin instead of cash for its drilling work that involves a two-phase reverse circulation program.

Strickland Metals has nailed a 41m drill hit grading 4 grams per tonne gold in Serbia that was part of a massive 272m intersection going 1.8 g/t gold equivalent. The broader intersection also showed copper, zinc, lead and silver. The new results are from Strickland’s Shanac deposit within its wholly-owned 5.4-million-ounce gold-equivalent Rogozna project in the Balkan country of Serbia.

Estrella Resources’ trial of induced polarisation technology at its manganese project in Timor-Leste has proved highly responsive and will be a critical tool for identifying supergene mineralisation. The trial was designed to run a survey line across ground Estrella could see was likely to host supergene mineralisation and then, by pairing up the results with visual observations, confirm the exploration method as valid.

Altech has locked in a second offtake agreement, this time with Reflau, a renewable energy project in Germany, to supply it with 158MWh of storage energy capacity over 5 years from its salt powered batteries. Only a few days ago Altech revealed it has received interest to fund its manufacturing facility in Germany.

Terrain Minerals’ recent drill success at its Wildflower gold project in WA’s Midwest has caused it to create a new geological model which it will put to the test with the drill bit in a planned December drilling blitz. The company says it will plough another 2150m of drilling into the Wildflower discovery next month that is located 150km east of Dongara in WA.

American West Metals has unveiled a wave of new copper targets at its Storm project in Nunavut, Canada. The latest slew of greenfield copper prospects underscores what the company says is the “vast greenfield potential” of its 110km-long copper belt at Storm. New prospects, including Seabreeze and Hailstorm, include lab busting copper rock sampling grades of more than 50 per cent copper, the upper limit for the lab testing technique.