Public Company News

Lithium Australia NL is now the sole owner of battery recycling venture Envirostream after sweeping up the final 10 per cent of the enterprise. According to the company, its subsidiary is the country's only Environmental Protection Agency permitted and licensed recycler of mixed and lithium-ion batteries and its acquisition adds an invaluable strategic asset to its portfolio.

Explorer Kalgoorlie Gold Mining has almost doubled the strike length of its La Mascotte prospect at the Bulong Taurus project to more than 500 metres after its recent diamond drilling program 35km east of Kalgoorlie-Boulder. The company’s standout results include a two-metre gold hit going 16 grams per tonne, with more assays in the pipeline from the campaign.

Venus Metals and joint venture partner Rox Resources have unveiled a significant boost of the mineral resource estimate for their Youanmi gold project near Mt Magnet in WA. According to the company, it has lifted the operation’s near surface resources by 204,000 ounces to more than 1 million ounces and lifted the project’s total gold resource to 3.2 million ounces through extensive exploration.

Godolphin Resources is lining up an 80-hole 4000m drill program at its Narraburra rare earths project within NSW’s highly-prospective Lachlan Fold Belt with the drill bit expected to start spinning this month. The program is designed to support the reclassification of the existing resource estimate of 73.2Mt at 1250 g/t zirconium oxide and 327 g/t rare earths oxides for 91,500t of contained zirconium oxide and 23,950t of rare earths oxides.

Adriatic Metals has agreed ‘heads of terms’ with four international commodities trading and smelting companies for the purchase of zinc and silver-lead concentrate from its Vares silver project in Bosnia. The company says its aim is to maximise revenues whilst reducing the ongoing risk associated with turbulent freight markets and the impact of the evolving European energy crisis amidst the conflict in Ukraine.

Altech Chemicals has tabled an eye-catching set of numbers in its preliminary feasibility study for a 10,000 tonne per annum high-purity alumina coating battery material plant which it plans to build in the bustling Schwarze Pumpe Industrial Park in Germany. The study estimates the plant will churn out US$63 million per annum once in operation on a capital investment of just US$95 million.

Deep diamond drilling by Podium Minerals has doubled the known depth of its Parks Reef orebody to more than 500m. According to the company, the three-hole program returned some of the highest platinum group metals assay grades achieved on-site, with two of the three intercept grades coming in well above the current mineral resource estimate. The highlight from the assays is a 1.4m hit running a huge 11.58 g/t 5E PGM.

A subsidiary of Buru Energy has been awarded $7 million in Federal Government grants for a feasibility study into potential greenhouse gas sequestration into geological reservoirs at the onshore Carnarvon Basin. The $7m needs to be matched by Buru’s wholly-owned Geovault subsidiary and is part of the Government’s plan to develop hydrogen and GHG storage hubs in Western Australia.

Well-known for its vanadium and gold, King River Resources is heading into the high purity alumina space, hoping to cash in on Federal Government’s addition of HPA to its critical minerals list. The company says it has made economic and environmental improvements in its process to produce 4N HPA to meet projected strong demand driven by its critical role in the manufacture of LEDs and lithium-ion batteries.

Surefire Resources has narrowed its focus on the vanadium market with the company set to dive into a diamond drilling program at its Victory Bore and Unaly Hill projects, about 560km north-east of Perth in WA. According to the company, it is also revising its economic parameters ahead of a planned prefeasibility study at the operation and has already kicked off discussions with potential partners.

Zuleika Gold says promising results from campaigns at its namesake Zuleika project near Kalgoorlie in Western Australia and its nearby Credo project with joint venture partner Torian Resources have delivered a solid platform to launch its next round of drilling. In the past year the company has sunk approximately 23,000m of air core and RC drilling at the ventures and is now looking to plunge a further 20,000m.

Strickland Metals has unearthed significant initial gold results from its Millrose project in the Yandal greenstone belt within WA’s Yilgarn Craton. A standout strike of 55m going 2.4 g/t gold from 86m was encountered in addition to visible gold in a diamond hole about 700m to the south. The explorer hails the results as outstanding and is growing confident Millrose is a substantial gold system.