Public Company News

Kairos Minerals has struck rich tantalum deposits going as much as 2143ppm during a lithium-caesium-tantalum pegmatite-focused drill campaign at its Mt York gold project next to Pilbara Minerals' Pilgangoora lithium mine. The results further a possibility to extract more than just gold from the 1.1-million-ounce resource in the mineral-rich region.

Chimeric Therapeutics says it has successfully completed the planned medicating of its third dose cohort as part of its study evaluating the safety of the company’s CHM 1101 cell therapy to treat glioblastoma. Glioblastoma is a rare but deadly aggressive cancer that can occur in the spinal cord or brain. The objectives of the study are to evaluate the safety and efficacy of the treatment and establish recommended dosing for a phase 2 trial.

Heavy rare earths player Northern Minerals has appointed GR Engineering Services and MACA Interquip to conduct early phase engineering and design work for its proposed commercial-scale beneficiation plant at Browns Range, in the north of WA. The company considers the operation’s Wolverine resource to be amongst the nation’s highest-grade dysprosium and terbium orebodies and says the looming award of the contract is a key step in updating its definitive feasibility study for a full-scale processing hub.

Xanadu Mines has signed a non-binding gas offtake memorandum of understanding with Jade Gas Holdings for commercial gas sales to power the copper explorer’s Kharmagtai project in Mongolia. The deal is designed to secure a reliable, low cost and cleaner energy source for Xanadu’s Kharmagtai copper-gold project using gas from Jade’s TTCBM project only 80km away.

There will be no tools down at Classic Minerals this Christmas as the WA gold explorer races finish its Kat Gap processing plant south of Southern Cross with work on the 70,000-tonne tailings facility

CZR Resources has struck a native title deal with the Robe River Kuruma people which will see the company place a high priority on protecting country as it presses ahead with plans to join the ranks o

Valor Resources has scooped up a suite of high-grade uranium rock chips that have extended the surface mineralisation of a key drill target to a strike length of around 500m at its Surprise Creek project in Canada. The program yielded six samples grading over 1 per cent uranium oxide with anomalous copper and was headlined by a specimen running 7.98 per cent.

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.