Public Company News

Classic Minerals has continued its run of high-grade gold intercepts from infill drilling at its Kat Gap project near Southern Cross in WA after the company completed a further 11 holes for 680m at the site. The company has now drilled 35 holes for a total of 2125m as part of the larger 109-hole infill campaign over 7110m with the latest results from around the bulk sample pit at its flagship project.

Venture Minerals has spiced up its commodity profile after nailing down a new clay hosted rare earths discovery at its flagship Mount Lindsay tin-tungsten project in Tasmania. The company made the breakthrough after re-assaying shallow samples acquired from a clay zone at the operation’s Reward deposit.

Perth-based battery technology company and recycler Lithium Australia has appointed an experienced executive and recycling expert as its Chief Executive Officer. Simon Linge has 25 years’ senior management experience within the Bluescope Group and BHP, and most recently was an executive at Pact Group Holdings. He takes the helm of Lithium Australia in coming weeks and will be based in Melbourne.

After further field work, mineral explorer St George Mining believes it has significantly expanded the lithium potential of its Mt Alexander nickel — and now lithium — project 95km west of Leonora in WA. Since first announcing it was on the lithium trail in early September, the explorer has identified an increasing number of pegmatite outcrops in its field mapping efforts across a 15km zone of pegmatite dykes at its project.

Radiopharm Theranostics has linked with US-based nuclear technology specialist SHINE Technologies to ensure supply of a key component of the Melbourne-based company’s radiopharmaceutical products pipeline. SHINE has developed a proprietary isotope production process and the two companies have entered into a clinical supply agreement for the supply of Lu-177 – an important cancer-fighting isotope used in multiple programs across Radiopharm’s portfolio.

Estrella Resources has declared a maiden inferred mineral resource estimate of 0.86 million tonnes at 0.66 per cent nickel and 0.42 per cent copper at its T5 deposit in the Goldfields region of WA. The company says the latest estimate underpins an updated JORC exploration target of five to seven million tonnes at 0.7 to 1.5 per cent nickel and 0.3 to 0.5 per cent copper for the basal contact at its wholly owned Carr Boyd nickel project 80km north-east of Kalgoorlie.

Perth-based explorer White Cliff Minerals is now a step closer to a maiden drill program at its Hines Hill rare earths project after securing a land access agreement to launch the probe about 200km east of Perth in WA. The explorer now plans to submit a program of work to the Department of Mines ahead of a projected 100-hole, 3000m AC drilling campaign.

Tambourah Metals has received a boost to the lithium prospectivity of its Russian Jack project in the Pilbara after the Geological Survey of WA confirmed the presence of abundant pegmatite veins and dykes. The company is currently compiling data on the project that includes the GSWA WAROX dataset that highlights four areas of significant pegmatite outcrops across two tenements at the site, whilst a rock chip sampling program is also beefing up its gold numbers.

First pass drilling by ABx Group between its two rare earths discoveries in Tasmania has confirmed a contiguous 6.5km mineralised channel with the results to feed into a maiden resource estimate. Results from the thick and shallow zone include 21m at 2511 parts per million total rare earth oxides from 2m downhole and another 8m hit grading 1556ppm total rare earth oxides also from 2m.

Buru Energy CEO Thomas Nador says Origin Energy’s decision to quit upstream exploration provides clarity for Buru on its joint venture with the company – the Rafael gas discovery in WA. “We can now concentrate on getting on with it, to work closely with a possible new partner to develop and commercialise this quality project and to deliver the value we know is there,” he said.

Equities firm MST Access believes changes to the Government of Mongolia’s mining code has the potential to benefit foreign investment with revisions to the nation’s laws expected later this year. One of the potential beneficiaries of the proposed changes is ASX-listed Xanadu Mines that is aiming to develop its Kharmagtai copper-gold project in Mongolia.

Conico has logged zinc, lead and copper sulphides from a 10-hole diamond drill campaign at its Mestersvig project in Greenland consistent with the historic Blyklippen zinc-lead mine at the site. Eight of the 10 holes completed intercepted disseminated, heavily disseminated or matrix sulphides during the program that was testing for extensions to the known mineralised vein system identified at the Blyklippen and Sortebjerg prospects about 13km along strike from one another.