Public Company News

Gold developer Brightstar Resources has a rig in the wings for a 10,000m reverse circulation drilling program at its Cork Tree Well project in WA’s highly prospective Laverton gold belt. The company says the planned work is designed to significantly grow its resource in addition to hitting a new target that has historically recorded a 2m hit going 27.87 g/t gold.

Memphasys Limited has sold more units of its sperm separation system known as “Felix” to two of its current customers, Diagens Biotechnology Company in China and the Indian Women’s Centre IVF clinic in Coimbatore, India. According to the company, receiving repeat orders from patrons within its existing consumer base validates its business model and confirms its products efficiency across both research and clinical platforms.

Nickel-focused Estrella Resources continues to intersect more nickel-copper sulphides in drilling at its Carr Boyd nickel project 80km north of Kalgoorlie in Western Australia. The company says it has hit a cumulative 17.5m of disseminated and blebby sulphides within a broader zone about 24m wide. The finding comes from 782m down a deep hole targeting below the company’s T5 nickel discovery.

Battery metals explorer Askari Metals is scoping several significant lithium exploration zones after project-wide targeting and modelling at its Yarrie Lithium project in Western Australia. The company says it plans to put its model to the test with an upcoming foray into the field as early as mid-April. During the program, Askari will sample in a variety of ways, including stream sediments and rock chips in addition to mapping.

American West Metals continues to put runs on the board after it stumped up a whopping 157-metre intercept of visual zinc and copper massive sulphide mineralisation from its fourth diamond drill hole at its West Desert project in Utah. The company says the rods are still spinning in its quest to expose the full extent of the underexplored resource.

Horizon Minerals has released positive results from a pre-feasibility study of its Cannon underground gold project. The project is projected to generate $10.1m of net cash flow over a 16-month mine life at a cost of $1873 per ounce of gold. Cannon is part of the company’s 1.15-million-ounce gold resource and ongoing cash flow is planned with the Cannon mine followed by further underground mines Penny’s Find and Rose Hill.

Venture Minerals has completed highly encouraging metallurgical drilling and appointed a senior mining engineer to complete its feasibility study for a new underground tin mine at Mount Lindsay, Tasmania. The undeveloped tin project is one of the largest in the world with more than 80,000 tonnes of tin and a globally significant critical metal content of 3,200,000 metric tonnes of tungsten.

Twenty Seven Co. has completed a 335-hole auger drilling program at its wholly-owned Yarbu gold project. Drilling targeted soil gold anomalies with more than 20 parts per billion gold in soil, where combined lead-zinc values were also anomalous. The highest priority target was a soil gold anomaly with dimensions of 1.9 km by 1.4km returning gold results up to 164 parts per billion.

Battery metals trailblazer Neometals and its partner SMS Group, have cut the ribbon at the grand opening of the joint venture’s lithium-ion battery recycling facility in Germany, marking the transition from a research and development program to a fully-fledged commercial enterprise. The partners are gearing up to recycle as much as 10 tonnes per day of battery feedstock, sourced from a German battery waste company.

Si6 Metals has unearthed promising hints of gold from an air core drilling blitz across a plethora of underexplored targets at its Monument gold project. The company is on the hunt for bulk-tonnage, syenite or ‘intrusive’ igneous rock-hosted gold mineralisation similar in style to the geological setting hosting Gold Field’s nearby seven-million-ounce Wallaby gold deposit, also in the Laverton Tectonic Zone in Western Australia.

St George Mining has identified five new nickel copper targets at its Mt Alexander project. The company said the conceptual targets are large and compelling, with little or no previous drilling. Seismic surveys are to be expanded to cover the new zones. Infill and extensional diamond drilling is also aiming at known, high-grade mineralisation in a bid to expand the Investigators and Stricklands deposits.

West Australian iron ore player CZR Resources has received more assays that seemingly support its strategy to grow mine life and production rates at its Robe Mesa iron ore project in the west Pilbara. The company says the project is poised for significant growth as the latest assays continue to reveal extensive direct shipping ore mineralisation from the surface and outside the resource area.