Public Company News

Sydney-based oil and gas company Empire Energy Group is one step closer to production. The company has recently put its Carpentaria-3H well through its paces by testing flow pressure and now are sealing the off the well to increase those numbers and recovery over the life of the well. Empire has the largest acreage holding in the giant Beetaloo Basin gas province in Australia’s top end.

Venture Minerals has won the right to truck iron ore around the clock from its Riley mine to the port of Burnie in Tasmania after the state’s Supreme Court overturned all three grounds of a legal challenge. The initial challenge by the Tarkine National Coalition was directed at the Tasmanian Environment Protection Authority who had previously granted approval for 24-hour trucking movements from Venture’s Riley iron ore mine. 

Galan Lithium has kicked off a 2500m drilling program targeting lithium-bearing pegmatites. The campaign at its Greenbushes South lithium project is just 3km from the world-class Greenbushes lithium mine in WA. In August last year the company’s soil sampling and geophysical survey at the site uncovered a number of anomalies demanding further investigation.

Medical technology company Radiopharm Theranostics has entered into a binding agreement to acquire Pharma15 Corporation – a US-based company focused on therapeutic radiopharmaceuticals to treat prostate cancer. Pharma15 is developing products that aim to overcome resistance to prostate-specific membrane antigen targeting cancer therapies currently available or in late-stage development.

CZR Resources has its sights set on more resource growth at its Robe Mesa iron ore development in the Pilbara after acquiring an adjoining tenement to Rio Tinto’s Mesa F project from Fortescue. After acquiring the ground CZR has expanded its strike length of the company’s P529 deposit to 1.1km. The deposit is only five kilometres from CZR’s 45.2 million tonne Robe Mesa iron ore project.

Neometals has executed a slew of agreements to secure the company 50 per cent ownership of joint venture company Recycling Industries Scandinavia AB to develop the first Finnish vanadium recovery project. The balance of RISAB equity is held by unlisted Australian mineral development company Critical Metals whilst Neometals holds approximately 19 per cent of Critical’s issued capital.

NSW focused explorer Godolphin Resources has tabled rock chip assays from around historic workings at its Cyclops and Goodrich prospects with exceptional grade copper along with strong gold, silver, lead, molybdenum and zinc to boot. Additional rock chip assays from old workings at the nearby Goodrich prospect also returned high grade copper with bonus molybdenum, again with elevated gold, silver, lead and zinc.

ASX-listed cell therapy company Chimeric Therapeutics has begun treatment of the first brain cancer patient in the fourth dose cohort in its phase 1 clinical trial of the company’s CHM 1101 cell treatment. Comprehensive cancer centre The City of Hope, one of the largest cancer research and treatment organisations in the United States, initiated and is leading the trial.

Infinity Mining has identified a host of valuable minerals from reconnaissance rock chip sampling at its Hillside project in the Pilbara including anomalous results for copper, molybdenum, gold and silver. Samples returned values of up to 4539 parts-per-million copper, 1198ppm molybdenum, 0.68 grams per tonne gold and 14 g/t silver. The exploration program also identified a partially covered copper-stained quartz vein in granite on the western side of the operation over around 170m.

Joint venture partners Venus Metals and Rox Resources have hit bonanza-grade results from an RC hole sunk into their Youanmi South prospect including a 3m intercept at almost five ounces per tonne gold from 218m. The outstanding 138.7 g/t gold hit was contained in a wider 28m segment grading more than an ounce per tonne at 34.81 g/t gold from 204m and includes an 18m section going 51.96 g/t from 207m and 10m at 79.55 g/t from 211m.

WA-based oil producer Triangle Energy has signed a binding farm-out agreement with Talon Energy for two onshore gas permits in the Perth Basin after all conditions of the deal were met. The transaction includes the first of two payments towards a 50 per cent share in the 3D seismic dataset known as “Bookara” which stretches across the two permits that were delivered in January. However, final interpretation, mapping and prospect evaluation of the data is ongoing.

ASX-listed Reach Resources is gearing up for an exploration blitz across its Gascoyne tenements following the immediate appointment of experienced geologist Steve Vallance as the company’s Exploration Manager. The explorer recently acquired the Morrissey Hill lithium project, the Camel Hill rare earths project and the White Castles manganese project located in and around existing exploration hotspots in the region.