Public Company News

In this edition of Bulls N’ Bears Big Hits we examine some notable drill intercepts revealed on the ASX last week, including Australian Gold and Copper’s Achilles discovery at its South Cobar gold-silver-copper project near Cobar in NSW. We also take a close look at other interesting drill hits from last week as reported by Laramide Resources’ from its Westmoreland uranium project in Queensland and PolarX from its Caribou Dome project in Alaska, USA.

With antimony prices hitting an all time high and the Chinese government banning exports of the valuable military metal, Octava Minerals is cranking up the drill rig at its Yallalong antimony project 200km east of Kalbarri in Western Australia. The drill bit is set to touch down this weekend for a highly anticipated 3000m reverse circulation drill program just as the silvery metal hits an all-time high of $33,000 a tonne.

Javelin Minerals has wasted no time working up multiple drill-ready targets at its newly acquired Eureka gold project near Kalgoorlie. The project was purchased in October for $3 million in cash and shares and comes with an historic open pit and a 112,000-ounce gold resource grading 1.42 grams a tonne, valuing the deal at less than $30 per discovery ounce.

Radiopharm Theranostics revealed the results of a clinical study of its cutting-edge imaging agent, 68Ga-RAD 301 on 44 pancreatic cancer patients – using its the biggest cohort yet – which delivered strong results. Importantly, the visual response was excellent with a high tumour-to-background ratio and no adverse events were recorded, which, according to the company, suggests RAD301 is a suitable and safe diagnostic agent for imaging αvβ6-protein expression in pancreatic cancer.

Lycaon Resources has begun early stage earthworks as part of a maiden assault on the company’s Stansmore niobium-rare earths and iron-oxide copper-gold target in WA’s West Arunta region.

Estrella Resources has uncovered not one but two supergene manganese discoveries at its Lautém project in Timor-Leste. The reportedly high-grade manganese assets were uncovered using the company’s predictive modelling of its prospective Noni rock formations. Estrella says its Ira Miri and Sica discoveries are around 4.5km apart just outside the town of Lautém and feature some of the highest-grade rock chips sampled to date.

This week’s Bulls N’ Bears Runner of the Week is … NoviqTech. The blockchain powered ledger technology and carbon footprint monitoring company shot up 172% on Friday following a “strategic placement” to cryptocurrency heavyweights including blockchain investor, European politician and High Stakes Poker TV-personality ‘Tony G’.

Empire Energy Group is a step closer to launching a nine-hole drill program at its Carpentaria pilot project in the Northern Territory, having secured key environmental approvals and a production licence for up to 12 wells. The Ensign #965 rig is onsite and ready to start drilling the Carpentaria-5H well imminently, with Halliburton contracted for hydraulic fracture stimulation.

ChemX Materials has been awarded nearly $662,000 by the Federal Government through a research and development rebate for its pioneering chemistry-focussed, patented high-purity alumina research. The cash boost is some $100,000 more than the company was originally estimated to receive under its R&D grant eligibility and will be directed to help drive its 24-tonne per annum HPA pilot plant development in WA.