Public Company News

Torian Resources’ Mt Stirling project in the Eastern Goldfields region of WA is scrubbing well and looks set to be a formidable multi-commodity play after the company identified an extensive suite of cobalt and scandium mineralisation that could lead to a significant rebrand for the gold miner. The operation already boasts heavy rare earths potential and a set of gold deposits.

After setting out in search of lithium and gold, Kula Gold fired a second volley of auger holes into its Rankin Dome project in WA’s Southern Cross region and struck a welcome cluster of rare earth elements. The program uncovered some impressive results across the tenure with 70 per cent of the 375 samples registering more than 115ppm total rare earth elements with two samples peaking at 1080ppm.

The succession baton is being readied at Buru Energy who has appointed Beach Energy executive Thomas Nador as CEO. Founder and Executive Chairman Eric Streitberg flagged an orderly transition to the role of Non-Executive Chair. Streitberg says he is looking to focus on overseeing the monetisation of the company’s expansion opportunities.

Perth-based Surefire Resources is gearing up for 4000m of RC drilling at its Yidby gold project in WA’s Mid West region. The program is expected to kick off as early as next week and will build on the legion of wide gold hits produced at the project since its acquisition in August 2020.

Infinity Lithium Corporation's wholly-owned subsidiary, Extremadura New Energies has sealed a collaborative agreement with Asemtraex – the Association of Transport Entrepreneurs of Extremadura – that will see the duo team up to encourage economic development in the freight sector of Cáceres, Spain. According to the company, the work could foster economic growth, drive down unemployment and generate career opportunities for the township.

With the backlog at the labs clearing up, the assays are now flowing for Estrella Resources as the explorer continues its methodical drilling across various targets at its Carr Boyd nickel and copper sulphide project, 80km northeast of Kalgoorlie. Most assays from the phase 4 RC drilling campaign have now been received and the company says the results confirm nickel-copper enriched sulphide plume along most of the T5-Broonhill pyroxenite.

Mineral explorer Kairos Minerals has beefed up its management with Peter Turner to take the reins as Managing Director and Klaus Eckhof taking a seat as Non-Executive Chairman. The addition of the duo reflects the company’s commitment to accelerating the exploration campaigns at its WA lithium and gold projects. Turner’s appointment will be effective from May 23rd and Eckhof has already commenced his role.

Okapi Resources says its wholly-owned subsidiary Usuran Resources has been granted state approval to dive into a drilling program at its Tallahassee uranium project in Colorado, USA. The company says the permit will allow its subordinate to plunge up to 18,200m of drilling across 60 holes at the operation with the intent of bolstering the existing resource.

Mineral explorer Panther Metals says final assay results from drilling at its Coglia project in the Laverton region of WA have returned its best nickel and cobalt grades at the operation to date. The banner results include a 1m intersection going 3.97 per cent nickel from 64m with a 1m copper hit grading 7900 parts per million from the same depth.

Brightstar Resources has high hopes for a new RC drill program at its Cork Tree Well project at Laverton, WA where previous drilling delivered a 12m intersection grading 3.47 grams per tonne gold. The company is targeting the northern extensions of the main Delta lode whilst also chasing down new Delta 2 targets as it looks to grow its JORC resource.

A hydrometallurgical study conducted at Murdoch University in Perth has delivered robust processing results for Venus Metals Corporation and its Youanmi vanadium deposit in WA’s Mid West region. The study was commissioned in 2019 to develop an integrated process flow sheet for the extraction of vanadium, iron and titanium. Importantly, a provisional patent application has been lodged and accepted with IP Australia.

Great Southern Mining has locked down an initial term 21-year mining lease over its Southern Star prospect in the Duketon project area where drilling continues to progress with over 50 per cent of its 5,200-metre program now complete. Drilling quartz dolerites on strike with previous hits, the company expects assay results this month.