Public Company News

American West Metals has hit a cocktail of mixed metals in the USA with its very first diamond hole at the company’s West Desert project in Utah. Notably, new copper and molybdenum results have occurred outside the existing resource and the company says the drill program has confirmed the "exceptional quality" and "significant volume" of the mineralisation. Wide intercepts of decent grade zinc were also encountered and indium was present too.

Conico has intersected high-grade gold in the third diamond drillhole at its Sortekap prospect in Greenland. Some of the best results include 1m at 42.81 g/t gold from only 41m downhole and 1m grading 2.58 g/t gold from 22m. Five more 1m intervals going at greater than 1 g/t were also discovered. Mineralisation is present as gold-bearing quartz veins in the Archean amphibolite that is interpreted as orogenic style.

Shares in BMG Resources surged more than 50 per cent on intraday trading following confirmation that diamond drilling at the Capital prospect, part of the larger Abercromby project in WA has delivered another serious batch of gold results that have more than doubled the size of the deposit and significantly boosted the operation's resource potential.

Neometals looks to be wading deeper into the lucrative lithium-ion battery recycling sector after its JV partner Primobius secured an operating permit for its 10 tonne per day shredding facility in Germany. With the rubber stamp to kick off operations, the company will now look to collect and stockpile electric vehicle battery modules from its disposal service clients ahead of its commercial launch in May.

Twenty Seven Co’s plans to increase the size of the gold mineralisation at its Rover gold project in WA’s Central Yilgarn region look to be on track after completing an RC drilling program that showed good continuity along strike and down dip from previous gold-yielding drilling. The company said one metre splits from four metre composite gold assays confirmed shallow gold mineralisation at its wholly-owned project.

Valor Resources has confirmed the prospectivity of multiple new targets at its Picha project in Peru. Recent spectral analysis highlighted two intriguing targets along a major regional structure hosting the Cobremani, Maricate and Cumbre Coya targets. Rock-chip sampling at the Huancune target has returned assays up to 3.95 per cent copper with a channel sample at the Pacojahua target returning an encouraging 0.82 per cent copper.

The drill bit is now turning for mineral explorer PolarX in its 3000m RC drilling program into the highly-prospective gold-silver Star Canyon target within its Humboldt Range project in Nevada. Ten holes are to be drilled at Star Canyon inside PolarX’s Black Canyon northern group of lode claims, followed by another flurry of 10 holes at the Fourth of July claims to the south.

Perth-based explorer Torian Resources has rattled off another clutch of solid gold hits from drilling at its flagship Mt Stirling project 40km north-west of Leonora in Western Australia. According to the company, its latest set of results include a 6-metre section at 2.17 grams per tonne gold from 213 metres with an internal 1m section going 5.95 g/t gold from 215m.

After completing a second phase of soil sampling, Aurumin Limited is gearing up for a reverse circulation drilling program in search of lithium at its Mt Palmer project in Western Australia. The campaign is set to start next week and will feature up to 1500m of drilling into targets where pegmatites of up to 50m in width have been intercepted in historical exploration.

Mineral exploration company Aruma Resources has identified a high-grade lithium-rubidium pegmatite at Mount Deans near Norseman WA. Drill assays were up to 1.14 per cent lithium oxide and 1.05 per cent rubidium oxide and included 10m at 0.62 per cent lithium oxide with 0.57 per cent rubidium oxide. The high value of rubidium gives the project a multiple metal focus going forward.

WA-based explorer Askari Metals has kicked off a project-wide lithium exploration campaign at its Yarrie project in Western Australia’s East Pilbara region. The program is designed to field test high-priority zones including a major target area measuring 32km by 13km. The company will start by mapping in addition to collecting stream sediment and rock chip samples.

ASX-listed mineral developer Technology Metals Australia has produced remarkable vanadium recoveries of up to 96 per cent from batch kiln roast-leach test work of its Yarrabubba composite ore. According to the company, the work completed by star kiln supplier FLSmidth has validated the suitability of the ore to be treated via its Gabanintha processing facility 40km south of Meekatharra in Western Australia.