Public Company News

Infinity Lithium’s plans to develop its 75 per cent owned San José lithium project in Spain appear to be gaining political support after local and regional government representatives have called for a technical presentation of the proposed underground mine and integrated lithium processing plant. The continued revival of the project follows the regional government’s declaration last week that lithium extraction and processing are of regional and general interest.

Venus Metals Corporation has lit up multiple priority targets using remote sensed data at the company’s Mangaroon rare earths project in one of the country’s fastest emerging rare earths districts. The company’s four tenement package on the edge of WA’s Gascoyne region borders significant rare earth ventures held by ASX-listed Hastings Technology Metals, Dreadnought Resources and Lanthanein Resources.

Diamond drilling at Buru Energy and Sipa Resources' jointly held Barbwire Terrace project south-east of Broome in WA has turned up a smorgasbord of high-grade base metal mineralisation. The joint venture says portable XRF readings on samples from one of the two recently plunged holes delivered grades as high as 19.8 per cent lead plus zinc from 413.5 metres.

ASX-listed 88 Energy is locking onto a new exploitation target at its Icewine East oil project on Alaska’s North Slope after examining a batch of newly acquired seismic data. The company is now gearing up to drill test the “Hickory-1” well next year with planning and permission work underway.

Aurumin’s winning run has continued with impressive results from the third hole of an RC drill campaign at its Central Sandstone gold project in WA including a 352.8m intersection at 1.5 g/t gold from 267.2m. The company says mineralisation continued down the hole with another 145.2m section going 0.5 g/t gold from 620m as the explorer aims to further define its resource at the Two Mile Hill deposit 130km west of Leinster.

WA-focused mineral explorer Tambourah Metals has added two new exploration licences to its Russian Jack lithium project in WA’s Pilbara region. The new zones are already producing results with rock chips going as high as 1420ppm lithium. The new licences have more than doubled Tambourah’s project size to over 500 square kilometres.

ASX-listed Asra Minerals has delivered a solid 23 per cent lift to its precious metal inventory at its flagship Mt Stirling project in Western Australia. The total updated mineral resource estimate at the operation has risen to 152,000 gold ounces from a previously tabled 118,384. The company’s MS Viserion deposit saw its resources swell 34 per cent for 2.55 million tonnes going 1.7 grams per tonne gold for 137,000 ounces.

Mineral explorer EMU has secured the right to earn up to 80 per cent in a trio of exploration permits covering 850 square kilometres in Queensland’s Georgetown mining district under a Heads of Agreement with TSXV-listed Rugby Resources. Whilst gold has been the traditional focus for the region the tenements are also prospective for base and battery metals including lithium, silver, lead, zinc, copper, tin and uranium.

WA-based explorer Surefire Resources has appointed geologist and mineral economist Cain Fogarty as CEO. The company says Fogarty brings to the role a varied skill set accumulated over a career spanning more than two decades in the mining industry across Australia, Asia and Africa, including exploration, resource growth, feasibility studies and executive management.

Toro Energy has initiated a scoping study for a standalone Lake Maitland uranium-vanadium mining and processing operation after identifying a beneficiation step to reduce costs at its Wiluna uranium project. The Lake Maitland uranium deposit is just one of four deposits that form part of Toro’s fully owned Wiluna uranium project in WA’s northern Goldfields region 710km north-east of Perth.

Kalgoorlie Gold Mining will soon test down-dip and high-grade gold extensions at its La Mascotte prospect that sits as part of the company’s larger Bulong Taurus gold project in WA. The upcoming 3 hole, 600m campaign follows a review of legacy drill campaigns that delivered a slew of solid results from modest depths.

King River Resources has continued its winning run with gold exploration at the company’s Tennant Creek project in the NT with rock chip samples up to 49.5 grams per tonne gold found near its Kurundi prospect. The company has also recorded positive copper and silver results after analysis of assays from its recent RC drill program at the prospect.