Public Company News

Ora Banda Mining has secured funding support from shareholder Hawkes Point Holdings to continue developing its Riverina underground operation including exploration, resource development and capital expenditure. Hawkes Point is the gold producer’s largest shareholder and will provide Ora Banda with an unsecured loan of $11 million towards work at the project near Kalgoorlie.

St George Mining has welcomed Chinese lithium-ion battery maker Sunwoda Electronic onto its share registry via a $2m placement as it eagerly awaits results from a maiden drill campaign where visible l

Xanadu Mines is one step closer to finalising its phase two and three investment agreement for its Mongolian projects with Zijin Mining Group after the formal documentation for the deal was executed. Once approvals have been met, Xanadu will use Zijin’s investment to continue exploration of its prospective Red Mountain project in addition to making a final investment decision on taking its Kharmagtai project to the construction phase.

Infinity Lithium has extended a Memorandum of Understanding with battery manufacturer LG Energy Solutions for the supply of lithium hydroxide from its planned San Jose project in Spain. The expansion follows a 2021 deal that permits LG the first rights to 10,000 tonnes of product per year and grants the parties additional time to hammer out a long-term offtake agreement. The deal will mature on 2 December 2023.

Brightstar Resources’ confidence in the potential of its flagship Cork Tree Well project near Laverton continues to grow with gold assays from an extensional RC drill hole providing the latest boost. Results include 6m at 3.17 grams per tonne gold from 182 metres and the additional strike length opened up by the drill hole has persuaded the company to redouble its efforts next year.

CZR Resources has expanded its Robe Mesa project in the Pilbara after agreeing to acquire a nearby tenement from Fortescue Metals Group subsidiary FMG Pilbara to the south of Rio Tinto’s Mesa F iron ore project. Subject to the completion of the sale, the company will make a cash payment of $150,000 to Fortescue in addition to 3.3 million CZR shares and a 1 per cent free-on-board revenue royalty covering any future production from the site.

Gold strikes in oxidised shale at Aruma Resources’ Melrose project in the Pilbara similar to those found in nearby mines have spurred the company on to keep sniffing around the iron ore-rich region.

The maiden RC drilling campaign at Lithium Australia and Charger Metals’ Lake Johnson joint venture project in the Goldfields-Esperance region has enjoyed immediate success with the drill bit. The company says the campaign intersected numerous spodumene-bearing stacked pegmatites between 1 and 5 metres wide within a broad 50m zone that remains open at each end and depth. Field observations include spodumene in 15 of the 17 holes completed.

An approval for a program of works is now the only thing preventing Galan Lithium from launching a maiden five-hole diamond drilling program at its newly defined Fry’s Block area, part of its larger Greenbushes South lithium project in WA. The campaign is expected to kick off in January and follows the discovery of three compelling pegmatite targets through fieldwork, geochemical analysis and a geophysical data review.

JV partners Triangle Energy Global and Pilot Energy have firmed up the efficiency of a new shipping route through the Port of Geraldton in WA after completing a second delivery of 52,900 barrels of oil to a refinery in Thailand. The vessel carrying the freight has since returned from its voyage and has been loaded with a fresh batch of 25,000 barrels of liquids ahead of a new 2023 delivery.

Blackstone Minerals has hailed the success of its Ta Khoa nickel refinery pilot in Western Australia upon completion of a one-year test to underscore the company’s vertically integrated Vietnamese gre

Auric Mining has returned positive results for rare earths from the company’s latest drill campaign at its Chalice West project including a 4m hit at 3591 parts-per-million total rare earth oxides from 41m. The 4m section includes a high-grade 1m intercept at an outstanding 11,038ppm TREO from 42m with an impressive 22 per cent magnetic rare earth oxides.