Public Company News

Metal Hawk’s dominant partner IGO Limited will inject another $4 million into the duo’s Goldfields joint venture nickel operation. The stage 2 earn-in deal will give IGO an additional 24 per cent stake in the partnership. After spending $3 million at stage 1, the latest move will lift IGO’s interest from 51 per cent to 75 per cent.

CZR Resources has been cleared to fast-track drilling after receiving heritage approval that it hopes will lead to a 1.6km expansion of its strike length at the northern extension of its Robe Mesa iron ore project in WA’s Pilbara region. The deposit forms part of CZR’s Yarraloola iron ore project, 120km south-west of Karratha. The company says heritage clearance allows it to drill along strike to the north of Robe Mesa’s current mineral resource.

DiscovEx Resources’ JV partner, Carnaby Resources has added to its exploration target list in Queensland, with recent geophysical work across its Greater Duchess copper-gold project near Mt Isa lighting up two deposit-scale anomalies. The induced polarised hits are inside a 3km corridor between Carnaby’s Nil Desperandum and Lady Fanny discoveries.

Multi-element explorer Askari Metals has turned up 31 gold nuggets using traditional gold loaming at its Horry copper and gold project 90km south-west of Halls Creek, in Western Australia’s Kimberley region. A high-definition magnetic survey was also completed over the project, lighting up multiple structures similar to the source area of gold. The explorer now plans a drilling campaign as soon as possible.

American West Metals is hunting down a suite of exploration targets as part of a maiden drill program at its Storm copper project on Somerset Island in Nunavut, Canada. The campaign could start as early as next month and will focus on its highly prospective zone 2750N that previously delivered a set of solid intercepts, including 110m at 2.45 per cent copper from surface and 3.07 per cent copper from 12.2m.

Grade control drilling results have shown shallow mineralisation continuity at Venus Metals and Rox Resources’ Grace deposit that forms part of the joint venture’s Youanmi gold project near Mount Magnet in WA. The partners say the latest results reconcile well with the area’s resource model and further de-risk the deposit ahead of commercialisation.

Infinity Lithium Corporation has extended its Memorandum of Understanding with South Korean lithium-ion battery producer LG Energy Solutions for lithium hydroxide from its proposed San José project in Spain with the extension due to mature in December. The two companies originally signed a non-binding agreement in June last year that gives LG first rights to 10,000 tonnes per year of product, with additional volumes subject to negotiations and agreement.

Altech Chemicals is tantalisingly close to building a high-purity alumina coating pilot plant in the German state of Saxony after signing a final construction contract with developer Kuttner GmbH. The company’s glazing process uses silicone particles and graphite to treat anode materials, boosting the endurance of lithium-ion batteries.

Meeka Gold continues to record high-grade assays at its Circle Valley project near Esperance in WA’s south, including results up to 1748 parts per million total rare earth oxides. The assays also show values of up to 132 grams per tonne scandium — a valuable alloying metal used with aluminium the company says could provide a meaningful by-product for its operation.

Junior explorer Godolphin Resources will soon test the limits of its newly acquired Narraburra rare earths project about 15km north of Temora in central west NSW after securing government approval to launch a four-hole diamond probe. According to the company, the looming campaign is intended to sniff out mineralisation across a suite of prospective zones.

Buoyed by visible gold from its first diamond drill hole at the company’s Central Sandstone gold project, Aurumin Ltd has added another tenement to its land holding in WA’s East Murchison region. The move will lift the granted acreage at Aurumin’s wholly owned, historical Central Sandstone Gold Project to 126 square kilometres.

Superior Resources has pulled the trigger on a fresh eight-hole drilling program for a minimum of 3700m. The campaign is following up on the huge 632m copper intersections the company reported earlier this month from a large interpreted copper-gold porphyry system at its Bottletree prospect, part of its larger, wholly owned Greenvale project near Townsville in Queensland.