Public Company News

Venus Metals has confirmed the presence of rare earth elements at its Marvel Loch East project with results from rock chip samples returning grades of up to 4365 parts-per-million total rare earth oxides. The company recently collected a total of 38 rock chip samples and 93 historical drill spoil samples from the operation near Southern Cross in the Goldfields region of WA with one spoil sample recording a grade of more than 3000ppm TREO.

Lindian Resources has continued its impressive run of rare earth assay results at the company’s Kangankunde project in Malawi including a massive 300m hit at 2.31 per cent total rare earth oxides from surface. The explorer says all holes completed so far have started and ended in mineralisation with the 300m section including a whopping 124m intersection recording 2.53 per cent TREO from 176m to the end of the hole.

Everest Metals Corporation has paved the way for a new year battery metals hunt in WA’s Mid West region after announcing its intent to exercise an exclusive farm-in deal to earn a 51 per cent stake in the Mt Edon lithium, caesium and tantalum project. The deal follows a recent due diligence program that yielded encouraging RC drill results of up to 1220 parts per million lithium.

Estrella Resources has filled its coffers to the tune of more than $1 million after receiving a refundable tax offset for research and development expenditure at its Carr Boyd nickel project near Kalgoorlie. In November 2021 the company engaged three nickel experts from the CSIRO to initiate studies on the age, formation and characterisation of the Carr Boyd igneous complex as well as studying the formation and modes of mineralisation at T5, Broonhill, Tregurtha and Carr Boyd mine.

Coda Minerals has deployed cutting-edge technology at its Emmie Bluff iron oxide-copper-gold and copper-cobalt deposit as it aims to define thickness and structure of the mineralisation at the SA site. The company has commenced an Ambient Noise Tomography survey that is designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of IOCG mineralisation close to Emmie deposits.

Strickland Metals has identified a new structure at its Millrose gold project near Wiluna highlighting the possibility of a secondary high-grade deposit after receiving final assays from its 2022 drill campaign. The company says the recently identified Millrose West structure located about 200m west of the main Millrose deposit is open to the north and south and is traceable using geophysics data over around 5km.

Empire Energy has wrapped up a successful round of hydraulic stimulation at its Carpentaria-3H gas well in the Northern Territory’s revered Beetaloo sub-basin. According to the company the program’s total outlay of $17.3 million is roughly $3.6 million under its initial projections and is delivering results across each of the 40 planned stages of a 1989m section of the horizontal well bore.

Adriatic Metals has unearthed another batch of thick, high-grade massive sulphide mineralisation at its Rupice Northwest orebody - an extension of its Rupice multi-commodity deposit in Bosnia and Herzegovina. Diamond drilling at the site returned a broad 45.9 metre hit going 701 grams per tonne silver equivalent about 225m north-west of the company’s 12 million tonne resource grading 149 g/t silver, 1.4 g/t gold and 4.1 per cent zinc.

Classic Minerals has received high-grade results from extensional drilling at its flagship Kat Gap gold project in the Goldfields region of WA as the company moves steadily closer to production at the site. Assay highlights include a 6m section going a solid 12.12 grams per tonne gold from 70m including a 1m hit at an impressive 51.1 g/t gold from 70m whilst a second hole returned a 10m intercept grading 9.26 g/t gold from 57m including 3m recording 28.3 g/t gold from 70m.

Shares in Aruma Resources soared more than 50 per cent higher during intraday trade after the company confirmed a string of impressive assay results from recent drilling at its Mt Deans project near Kalgoorlie with 12 strikes grading more than 1.5 per cent lithium-rubidium. The results sent the company’s share price on a tear to an intraday high of 8.2c from a previous close of 5.3 cents on the highest daily trading volume in nearly a year.

Radiopharm Theranostics has appointed Rama Abu Shmeis as Senior Vice President Chemistry, Manufacturing and Controls, or “CMC” as the latest in a line of top-shelf appointments. The ASX-listed cancer fighter says Dr Shmeis brings a 23-year record of achievements in leading strategic, operational and scientific aspects of CMC development and manufacturing that also covers a wide variety of dose forms, products and technologies.

Everest Metals Corporation has hailed a new agreement to earn up to 100 per cent in the advanced Revere gold project north-east of Meekatharra in WA as a transformational opportunity for the company. Everest, formally known as Twenty Seven Co pointed to the zone’s historical production, significant gold-copper potential and clear runway to establishing a JORC compliant resource as key merits in the acquisition.