Public Company News

Javelin Minerals has picked up some intriguing hints of mineralisation only 5km west from where ASX-listed Ramelius Resources operated its successful Coogee West mining operation which produced more than 20,000 ounces of gold at an impressive head grade of 4.7 g/t gold. Importantly, Javelin says the characteristics from the latest mineralisation it has encountered bear similar characteristics to what Ramelius was able to turn into a operating mine less than 10 years ago.

Asra Minerals has amassed an extra 2456 hectares of prime real estate at its flagship Mt Stirling multi-commodity project in Western Australia’s eastern Goldfields. The 13 freshly minted tenements abut Mt Stirling’s southern block and take in a further 4km strike of the prospective Arktos Fault that hosts the company’s emerging Yttria and Wishbone rare earths and critical minerals discoveries.

American West Metals could be onto a shallow, high-grade copper at its Storm project in Canada after unveiling strong visual mineralisation from the company’s first two diamond holes at the operation. The explorer launched the probe at a highly prospective area known as “2750N” where historical intercepts include 110m at 2.45 per cent copper from surface and 3.07 per cent copper from 12.2m.

Okapi Resources has intersected multiple zones of elevated sulphide mineralisation in two diamond holes at its Sunnyside prospect, part of its fully owned Enmore gold project in the New England region of NSW. Its campaign follows a 2021 probe that delivered a suite of notable hits including 1m at 15.15 grams per tonne gold from 172m inside a monster 174m intercept grading 1.83 g/t gold from surface.

Globe Metals and Mining is one step closer to sealing a mining development deal for its Kanyika niobium project with the Malawi Government after a review and recommendation for approval by a steering committee. The company says it has received confirmation from the Malawi Ministry of Mining that negotiations and the review of the draft agreement have been completed. Globe is aiming to produce high-purity niobium pentoxide and tantalum at Kanyika.

Metal Hawk has launched a diamond drilling program at its Kanowna East project in the West Australian Goldfields region as it looks to chase up a raft of shallow nickel hits struck by a previous explorer. The multi-hole campaign will be steered by JV partner IGO and will test southern extensions of the nearby Silver Swan nickel sulphide deposit.

Podium Minerals continues to extend its Parks Reef platinum group metals deposit in WA’s Mid West region, with assays from an additional 4 RC holes sunk as part of its stage 10 drilling program delivering solid intercepts including 14m at 1.65 grams per tonne three-elements platinum-group metals from 133m. The results show the miner has intersected the operation’s mineral-laden orebody every time it has fired up the drill rig.

Smart home technology company Zimi has seen record device pairings in three of the last four months which the company says shows an accelerated market adoption as it prepares to launch into an adjacent smoke detection market. Zimi estimates the global smoke detector market will grow to about US$3 billion in five years.

Junior explorer DiscovEx Resources has improved the prospectivity of its Spartan gold anomaly after a phase 2 infill and extensional soil sampling program added results up to 544 parts per billion gold. The target sits inside the larger Edjudina project about 250km north-east of Kalgoorlie in Western Australia.

An interim mineralogical report from the University of Queensland on Asra Minerals’ Yttria deposit at its Mt Stirling project in WA’s eastern goldfields has confirmed the heavy rare earths discovery is suitable for low-cost processing. The company says its initial findings indicate Yttria is a regolith-hosted deposit with the bulk of rare earths associated with secondary oxide minerals that are easy to process.

Junior explorer Godolphin Resources has launched a four-hole diamond drilling program to follow up on high grade mineralisation struck by a previous explorer at its rare earths project near Temora in central-west NSW. The campaign will also focus on delivering core samples for mineralogical analysis, flow-path testing and metallurgical test work.

ASX-listed mining software firm K2fly has tabled record growth in key metrics for the June quarter and the 2022 financial year after continuing its hot streak of contract wins. The company posted record results in annual recurring revenue, invoices raised and cash receipts in addition to closing out the financial year with a cashflow-positive quarter of $1.7 million.