Public Company News

Okapi Resources could soon fire up the diamond drill rig and launch a 40-hole, 5000m program at its Newnham Lake and Perch uranium projects in Canada after lodging applications with the Government of Saskatchewan. The looming probe follows a recent exploration drive that unveiled a bevy of compelling targets prospective for deeper lying mineralisation.

Galan Lithium has submitted an application to scale up the piloting stage of the company’s flagship Hombre Muerto West lithium brine project in Argentina that sits within South America’s Lithium Triangle. The proposed semi-commercial test run is anticipated to produce up to 4000 tonnes of lithium carbonate equivalent per annum in the form of a high-quality 6 per cent lithium concentrate.

Infinity Mining has kicked off its maiden drill campaign in search of lithium at the company’s Tambourah South project in the Pilbara region of WA after positive results from rock chip sampling at the site. The 2500m RC drill program has been designed to test the largest lithium-bearing pegmatites at the project where the depth and width of the structures will be targeted.

Mining software provider K2fly has tabled some healthy numbers from the September quarter with the company achieving record highs in its core metrics thanks to continued major tier 1 contract wins. The company operates in the global resources space under a ‘Software as a Service’ business model – meaning its product is delivered on a subscription basis.

Zuleika Gold shares popped more than 16 per cent after the WA Supreme Court found in its favour in litigation the company took against fellow explorer Vango Mining and a subsidiary over a farm-in joint venture at a northern Goldfields tenement. Zuleika declared it had been “wholly successful” and flagged an imminent claim for damages.

ASX-listed Empire Energy has closed the book on a memorable quarter, tabling bumper revenues of $3.96 million from its portfolio of conventional oil and gas assets in the New York State and Pennsylvania regions. Strong demand for gas has also seen the company’s US operations deliver a solid EBITDA of US$1.66 million and end the September period with $32 million in the bank.

Lithium Australia has grown its Envirostream battery recycling feed sources through new partnerships with LG and Battery World. With permits and feed stock being key barriers to entry Lithium Australia has set itself up for an entrenched and fully permitted position in the fast growing industry sector. Its Envirostream battery recycling plant has a 99-year Victorian EPA permit.

After receiving regulatory approvals, ASX-listed gold-focused Classic Minerals has commenced construction activities for the development of the company’s 100 per cent owned and recently approved Kat Gap gold mine south of Southern Cross in WA. A series of earthwork activities including the stripping and stockpiling of vegetation and topsoil began earlier this month ahead of stage 1 mining.

The wait is finally over for Lindian Resources as its maiden exploration campaign at the company’s Kangankunde rare earths project in Malawi kicks off marking the first drilling program at the site this century. The explorer has begun phase 1 of its 12,500m resource definition drilling program including 10,000m of RC drilling and a further 2500m of diamond drilling to test mineralisation to a depth of 300m. The 44-hole campaign will include two RC rigs and one diamond drill rig with first assays expected within six to eight weeks.

ASX-listed Aurumin is now wielding a gold inventory of 946,000 ounces in WA’s Mid West region after tabling resource updates for the company’s newly acquired Central Sandstone deposits and incorporating its nearby Johnson Range project into one operation. Notably, the explorer boosted the gold grade of the operation’s centrepiece, the Two Mile Hill underground deposit, from 1.1 grams per tonne to 1.6 g/t.

Podium Minerals has doubled the size of its five-element platinum group metals mineral resource at the company’s flagship Parks Reef project after the completion of a successful drilling campaign. The explorer recently received the final assays from stage 10 drilling at the Mid West site that has led to an upgraded mineral resource estimate of 143 million tonnes at 1.3 grams per tonne for a total of six million ounces of 5E PGM.

WA oil producer Triangle Energy closed the September quarter on a high, completing a flurry of activity including its first oil delivery to a refinery in Thailand using a new shipping route, acquisition of two onshore exploration permits and banking a slice of a $6.9 million pay packet courtesy of oil sales associated to its Cliff Head joint venture partnership with Pilot Energy.