Public Company News

Galan Lithium has taken a vital step in establishing itself as South America’s next battery metals producer after lodging an application to establish a permanent 200-person camp at its flagship Hombre Muerto West brine project in Argentina. The company plans to launch commercial production in 2025 and will initially use the facility to accommodate the operation’s construction workforce.

Meeka Metals’ latest assay results from its Circle Valley project near Esperance have uncovered record grades of rare earth elements almost tripling the project’s previous highs. The mineralisation included high grades of the valuable “magnet” rare earths that have strong diversified demand. Meeka’s shares popped more than 8 per cent to an intra-day high of 7.5 cents on the news.

With a drone magnetic survey and positive rock chip assays, Infinity Mining has confirmed two compelling magnetic targets adjacent to historical gold workings at the company’s Chicago gold project in WA’s Central Goldfields region. The anomalous rock chips going up to 2.37 grams per tonne gold were collected in proximity to its magnetic targets and have inspired the explorer to plan a round of RC drilling.

New assay results suggest American West Metals has nailed a parcel of new mineralisation about 250m from its existing West Desert deposit in Utah. The mixed metal strikes include a 0.92m interval running a serious grade of 20.4 per cent zinc from 459.31m that sits amongst a cocktail of anomalous copper, gold, silver and indium hits.

Second phase drilling has confirmed mineralisation at the Calarie gold project in New South Wales extends at depth and is open along strike for joint venture partners Godolphin Resources and Orange Minerals. The 1170m campaign saw five diamond drill holes sunk into the site to test mineralisation below previous workings and to confirm results of two historical RC holes that intersected mineralisation.

Explorer Strickland Metals has confirmed the presence of mineralised extensions beneath its existing Millrose resource near Wiluna in WA after completing a 130m step-out program at the site. The diamond probe nailed two high-grade intercepts running 5m at 5.3 grams per tonne gold from 239m and 5.9m grading 6.1 g/t gold from 258m. The hits sit inside a larger 38.2m parcel going 2.5 g/t from 234m.

Askari Metals has received initial high-grade gold results from a third phase of RC drilling at the company’s Burracoppin gold project in WA’s Wheatbelt region. In June a total of 40 RC holes were drilled and now the assays are in from the first nine holes around the project’s Christmas Gift prospect. Broad zones of gold mineralisation have been defined confirming a southern extension of gold at the prospect including a 10m hit at 1.38 g/t gold from 34m.

A cancer treatment licenced by ASX-listed Radiopharm Theranostics has been recognised with another endorsement from the US Food and Drug Administration after receiving rare paediatric disease designation. The approval is for a tumour-killing antibody known as DUNP19 used to treat osteosarcoma — a type of bone cancer that primarily affects children, adolescents and young adults.

Lithium and gold explorer Octava Minerals hit the ASX boards today opening at $0.27 as it eclipsed its issue price of $0.20 by 35 per cent. After a fully subscribed initial public offering the company successfully raked in $6m with most of the funds earmarked for exploration at the company’s flagship Talga lithium joint venture in WA’s East Pilbara region.

A life cycle assessment of Blackstone Minerals’ proposed upstream and downstream nickel business has confirmed its process of producing nickel-cobalt-manganese precursor products will be one of the greenest pathways to supply the growing lithium-ion battery industry. The study found Blackstone’s flagship Ta Khoa project could produce 1kg of precursor cathode active material at a cost of 9.8kg of carbon dioxide equivalent, substantially lower than the industry average of 16.1kg.

Multi-metal explorer Conico has detected copper sulphide mineralisation at a number of prospects explored as part of a recently completed diamond drill campaign at its Ryberg project in Greenland. The 11-hole program was targeting copper, nickel, gold and platinum group elements at the company’s Sortekap, Miki, Cascata and Pyramid prospects that were identified from previous field campaign data.

Infinity Mining has confirmed mineralisation of up to 6489 parts per million rubidium in rock chip assays from pegmatites at its South Tambourah project in the east Pilbara region of Western Australia. The commodity is principally used to make speciality glasses such as fibre optic cables and its discovery sets up another commercial avenue for the lithium-focused operation.