Public Company News

After a recent high-profile multi-metal discovery only 200m from its boundary, Conico Limited has quickly seized the bit by booking a multi-purpose diamond and reverse circulation drill rig for a maiden, 5000m program on its Mt Thirsty project in search of platinum group metals 16km north-northwest of Norseman in WA. The company will also kick off a geological review in the wake of its neighbour’s find.

Triangle Energy Global and Key Petroleum have extended the completion of their onshore Perth Basin acreage sale until the end of September due to unforeseen delays, however the pair are confident the deal will be cemented before then. Triangle is soaking up Key’s interests in its L7 and EP 437 permits as the company refocuses its growth strategy from offshore Perth Basin oil towards big inland gas targets.

Venus Metals Corporation has quickly moved onto the second phase of its lithium chasing reverse-circulation drilling campaign at its Henderson project near Menzies in the eastern Goldfields region of WA. The company recently hit returns of 5.8 and 3.6 per cent lithium dioxide at its Emerald SE prospect whilst results from 89 rock samples showed 29 had more than 100 parts-per-million lithium dioxide.

Canadian listed Novo Resources Corporation is forging ahead with a feasibility study on the more-lucrative fresh rock gold resource at its Beatons Creek project in the Pilbara after spending the past

Cancer fighter Radiopharm Theranostics has inked a deal for the supply of a key component needed to develop its pipeline of radiopharmaceutical therapy products. Radiopharm says its agreement with Israeli company Isotopia Molecular Imaging for a high-quality radioisotope called Lutetium-177 will enable it to accelerate its diverse clinical pipeline of radiopharmaceutical products slated for the multi-billion-dollar oncology market.

Great Southern Mining is ready to start drill testing at its wholly owned East Laverton nickel project in Western Australia’s Goldfields region next month. The company has booked a diamond drill rig and reverse-circulation gear for its first drilling program to test the nickel-copper-PGE prospectivity of its Diorite Hill magmatic complex.

Explorer Horizon Minerals has completed the restructure and demerger of its 25 per cent interest in the Richmond vanadium project in central north Queensland with joint venture partner Richmond Vanadium Technology. The move comes after the pair’s decision that Richmond will be the dedicated IPO vehicle to drive the 1.8 billion-tonne project into completion.

Infinity Lithium has pivoted to an underground mining plan in a bid to win local support for its proposed San José lithium project near the city of Cáceres in the Extremadura region of Spain. The company has been formally invited to present its redesigned development proposal to the Extremadura Regional Government and the Cáceres City Council.

Indonesia-focused explorer Sihayo Gold has followed up its recent high- grade surface samples with strong diamond drilling assays from a 30-hole exploration program that has extended its Sihorbo South target and firmed up the modelling for its maiden mineral resource estimate. Sihorbo South is now shaping up as a satellite operation to the company’s main Sihayo Starter project.

In what is likely to quicken pulses around the ASX floors, Galan Lithium has drawn first blood at its Greenbushes South project in WA, with recent airborne radiometric, magnetic and digital elevation modelling survey data unveiling the first pegmatite lens at the operation. The discovery has the added allure in that it is a mere 15km from the Greenbushes mine, the world’s largest hard-rock lithium deposit.

Meeka Gold looks to be riding a winner after recent RC drilling at its Circle Valley project unveiled another thick zone of shallow gold that continues to highlight the precious metal potential of the site about 85km south of Norseman in Western Australia. The probe was aimed at testing the prospectivity of a patch of dirt below a 1.2km by 400m zone of regolith gold.

Gold and critical minerals explorer Tambourah Metals has confirmed gold-bearing quartz veins at its Tambourah King prospect in the Pilbara after receiving early assay results from drilling completed in March. Results include one hole going 22m at 2.83 grams per tonne gold from 22m, containing 9m at 6.46 g/t from 35m and 1m at 9.86 g/t from 39m.