Public Company News

Lindian Resources will this week seek shareholder approval to acquire 100 per cent of Rift Valley Resource Developments Limited, the Malawian company that owns the globally significant Kangankunde rare earths project. The company recently completed a series of meetings with authorities in the Kangankunde district and secured a unilateral directive to commence a series of work programs to advance Kangankunde’s development.

DiscovEx Resources has received encouraging gold and base metal results from its initial phase of air core drilling at the company’s Sylvania gold project 15km south-west of Newman in WA. A total of 109 holes for 6060m were drilled across five prospect areas previously defined by a multi-staged soil geochemistry program. Results include gold intersections of 4m at 76ppb and 4m at 68ppb from another hole.

King River Resources has outlined a conceptual development plan for an open-cut mining operation as it draws up plans for production at its Speewah vanadium project in the Kimberley region of Western Australia. With the largest vanadium-in-magnetite deposit based on tonnes and vanadium pentoxide content in the country at Speewah, King River says the open-cut mine will be scaled to five million tonnes per annum of ore to feed an on-site processing plant to produce high-grade magnetite concentrate.

Blackstone Minerals’ recent drilling program at the company’s Gold Bridge gold and nickel-copper project in British Columbia has returned a series of mineralised sulphide hits in Canada’s western-most province. After the successful results, the company is gearing up for more exploration on the country’s eastern coast.

Triangle Energy has taken a 100 per cent holding of oil and gas acreage in Western Australia that is currently producing 700 bopd and holding 617 Bcf and 19 million barrels of potential gas and oil respectively. The deal with Key Petroleum also sees the company buy back the five per cent production royalty from Key, that it says makes the permits more valuable.

Toro Energy says it can build its proposed standalone Lake Maitland uranium-vanadium operation for $270 million after a scoping estimation was completed by SRK Consulting Australasia and Strategic Metallurgy. The updated capital expenditure delivers a whopping $45 million reduction to the build compared to the $315 million estimate delivered around 10 years ago for the company’s Wiluna uranium operation.

An exploration blitz by Valor Resources across its uranium prospects in the Athabasca Basin area of Canada has unearthed a swathe of new high-priority targets with more expected once all results are finalised. A total of 11 targets were identified at the company’s Hook Lake uranium project from a recently completed airborne gravity survey, whilst final assay results from a diamond drilling program at the site have also been received.

Diamond drilling north of Strickland Metals’ Millrose deposit near Wiluna has confirmed the presence of a new high-grade gold lode with plans underway to test for extensions to the north and at depth. The company says the new Wanamaker discovery was confirmed with an intercept 40m down dip from a previous intersection initially uncovered in July.

Mineral explorer Godolphin Resources has launched a 25-hole, 1,500m diamond drilling campaign at its Narraburra rare earths project near Temora in central-west New South Wales. The program kicked off following recent approval from the state’s mining regulator and aims to elevate the operation’s legacy resource to a JORC 2012 specification.

Using hyperspectral imagery, Askari Metals has identified numerous rare earth element targets at the company’s Red Peak pegmatite project located on the border of WA’s Gascoyne region. The news builds upon lithium-focused sampling completed by the company in January that revealed several areas highly anomalous in a suite of rare earths including lanthanum, cerium, praseodymium, neodymium and europium.

ASX-listed explorer Infinity Mining’s Craig’s Rest project in the Leonora district of Western Australia is already looking the goods with a recent rock chip sampling program delivering grades as high as 37.64 grams per tonne gold. The samples were bagged in proximity to several historical mines and returned six specimens running over 1 g/t gold.

Helping patients by solving an unmet medical need whilst creating jobs and generating a revenue stream might seem like the ultimate win-win-win for a healthcare professional. However, getting a good idea to market means embarking on a long and winding road to commercialisation. Enter the Australian Clinical Entrepreneur Program launched recently in Perth.