Public Company News

ASX-listed Triangle Energy could soon have $6.72 million to inject into its portfolio of WA-based oil and gas operations after selling off a slice of its interests in NSW oil and gas developer State Gas. Despite offloading 24 million shares, Triangle retains a strategic holding in State Gas of more than 10 per cent and says it is now well positioned to navigate an increasingly evolving energy sector.

Mineral explorer Godolphin Resources is knee deep in a diamond drilling program at its Narraburra rare earths project near Temora in central-west New South Wales after completing 15 of a proposed 25 holes at the site. The company plans to use data from the 1500m campaign to scrub up the project’s historical JORC 2004 resource and align it with contemporary 2012 standards.

Askari Metals has unveiled further multi-element potential at the company’s Callawa copper project in WA’s Pilbara region after a recent magnetic survey lit up an area coinciding with samples reading highly anomalous for three additional elements. The high definition drone survey identified magnetic structures correlating well with the company’s previously collected samples going 1610ppm nickel, 119ppm cobalt and 1820ppm chromium.

Allup Silica’s Sparkler project in WA’s Great Southern has delivered high-grade silica sand samples pure enough for the solar panels market ¬– an industry tipped to be worth hundreds of billions of dollars worldwide in the next few years. Improvements in processing for Allup have resulted in test samples attaining the holy grail for silica sand producers of iron oxide impurities below 100 parts per million.

In a pilot run of its innovative “Gekko” gold processing plant, Classic Minerals has achieved an average grade of 6.06 grams per tonne gold using its first bulk sample of ore from the company’s Kat Gap gold resource that averages 2.96 g/t gold. Encouragingly, the pilot head grade was much higher than the average inferred resource grade calculated in April 2020.

Venus Metals has received positive assay results for a raft of minerals from an RC drill campaign across its Pincher Well zinc-lead-copper-gold prospect including a 3m hit at a whopping 35.2 grams per tonne gold. The outstanding gold intercept was contained in a 9m section going 15.6 g/t gold from surface at Pincher Well that forms part of the company’s Youanmi base metals project about 500km north-east of Perth in WA.

Northern Minerals has tabled a 47 per cent increase to its Wolverine deposit mineral resource near Halls Creek in WA that now sits at 6.44 million tonnes at 0.96 per cent total rare earth oxide for 61,492 tonnes of TREO. The update follows an independent review by mining consultancy group CSA Global

ASX-listed Zuleika Gold is expanding its presence in the highly prospective Goongarrie district of the WA Goldfields, inking a farm-in agreement with fellow WA explorer Olympio Metals. Zuleika must spend $400,000 within three and a half years to earn up to 80 per cent of a tenement adjacent to its own Goongarrie project, 90km north of Kalgoorlie.

Aruma Resources has unleashed its drill rig for a maiden 26-hole RC program at the company’s Melrose gold project in WA’s Pilbara region as it looks to probe coincident geochemical and structural targets backed by historical gold hits. The first pass drill test will consist of about 3000m of drilling across the project’s Gossan Hill prospect and is expected to take two weeks to complete.

Kairos Minerals has hit pegmatites in the first hole drilled at its Lucky Sump prospect where the company is hunting lithium with a 16-hole RC campaign near its Mt York gold project in the Pilbara region of WA. The initial hole intercepted a 5m pegmatite hit whilst an additional two holes also recorded pegmatite intervals between 2m and 3m.

Cyclone Metals is poised to drill into its Nickol River project in WA after pulling some exquisite gold nuggets from test pits it says confirms the presence of a gold-bearing quartz reef system at the site. The work extends a solid run of form that has seen the explorer unearth specimens grading up to 712 grams per sample setting the stage for a highly anticipated drill program.

Surefire Resources has completed a little over 5km of infill drilling at its Victory Bore project with all the early signs suggesting the company could be set to add to what is already a monster vanadium resource in WA’s Mid West region. The RC infill drilling covering 1.4km of strike was designed to upgrade confidence in the resource and provide samples for metallurgical test work to feed into the company’s ongoing pre-feasibility study.