Public Company News

Asra Minerals could soon drill up to 50,000m across nine tenements at its Mt Stirling project in WA’s eastern Goldfields region after getting its hands on approval to launch a probe for rare earths, cobalt and scandium. The program is intended to evaluate and define an extensive mineralisation footprint at the multi-commodity operation.

Cyclone Metals has unveiled a suite of gold anomalies at its Mareburn and Macraes South projects, about 40km north of Dunedin in New Zealand’s Otago Province following the company’s trial of an ionic leach geochemistry survey. According to the company, the program is an inexpensive and swift method of sniffing out and defining drill targets across its extensive tenements on the South Island.

Mineral explorer Aurumin has intersected an impressive 344m at 1.29 grams per tonne gold in its first diamond drill hole at the company’s 784,000-ounce Central Sandstone gold project 130km west of Leinster in Western Australia. Highlights within the broad interval include 40.9m at 2 g/t, 21.8m at 2 g/t and 16.1m at 2.9 g/t.

Test work is about to start on ASX-listed Quantum Graphite’s coarse flake graphite as part of its thermal energy storage pilot partnership project with Melbourne-based Sunlands Company. The ultra-high temperature testing is a critical step in the project to manufacture long-duration energy devices that may potentially play an integral role in delivering stable and flexible energy to grids dependent on renewable power.

With numerous businesses reporting inflationary and rising operating costs, emerging battery metals producer Neometals has released highly encouraging engineering numbers for its proposed vanadium pentoxide recovery plant in Finland that potentially puts it in the lowest operating cost category. The company is planning a joint venture to recover the high-purity metal oxide from by-product slag created during the steel making process.

Infinity Lithium continues to gather local support for its proposed San José lithium project near Cáceres in Spain, partnering with the Cáceres Chamber of Commerce to form an energy sector accelerator program. Through Infinity’s wholly owned Spanish subsidiary Extremadura New Energies, the agreement is designed to help companies starting out in lithium, energy storage and renewable energy sectors.

After a third phase of rock sampling, junior explorer Askari Metals has identified lithium anomalism in a south-eastern zone of the company’s Barrow Creek lithium project in Northern Territory’s highly prospective Arunta pegmatite region. Three areas of anomalism were identified along a 5km long pegmatite corridor with results of up to 456 parts per million lithium oxide.

Perth-based battery technology company Lithium Australia is at the forefront of the lithium-ion battery recycling industry through its wholly owned subsidiary Envirostream. It’s a sector the CSIRO estimates in a recent report could grow to be worth $3.1 billion in Australia alone. The company says lithium waste is growing at 20 per cent per year, potentially exceeding 100,000 tonnes a year by 2036 — enough to fill 42 Olympic-sized swimming pools.

Latest assay results from RC drilling at Strickland Metals’ Millrose project near Wiluna in WA have identified multiple new gold zones in addition to high-grade oxide gold intercepts. Highlights show one 5m intercept going 11.5 grams per tonne gold from 68m whilst a second 65m section from the same hole recorded 4.4 g/t from 95m including 3m at 20.2 g/t and another 3m reading an impressive 33.5 g/t gold.

Despite recent unseasonal WA weather, White Cliff Minerals has showered assay labs with about 1000 soil samples from its Diemals lithium and rare earths play east of Perth and Reedy South gold project in the historic Cue goldfields region. The company plans to keep up the momentum with more than 700 samples expected from its Yinnetharra lithium rare earths project in the coming weeks.

Valor Resources has identified highly prospective copper and uranium targets during a review of historical data from its Surprise Creek project in Canada’s Athabasca Basin. Based on the copper results alone, including rock-chip samples between 0.25 and 5.9 per cent and soil samples up to 3300 parts per million, the company has extended its tenements by 11 square kilometres to the south-west.

Aruma Resources has added almost 300 square kilometres of prospective central WA gold acreage to its exploration portfolio with the pegging of the greenfields Carter Well project, east of the historical Mt Magnet mining town in WA’s Murchison region. The company plans on getting boots on the ground as soon as regulatory approval has been granted.