Public Company News

Galan Lithium could be closing in on the key battery metal at its Greenbushes South project in WA after recent exploration work at the venture highlighted anomalous pathfinder mineralisation in soil samples and rock chips. According to the company, the samples show the trace elements could support pegmatites similar to those found in the nearby Greenbushes mine, the world’s largest hard rock lithium deposit.

Radiopharm has agreed on commercial terms to commence its first phase of lung cancer trials in Australia with renowned global oncology provider GenesisCare. The program aims to start testing Radiopharm’s proprietary nanobodies, part of its Nano-mAbs platform, by targeting non-small cell lung cancer, the most common type of the disease. The project is scheduled to be completed within 18 months.

Cyclone Metals has added a diversified portfolio of gold, copper, nickel and PGE assets in New Zealand to its stable after completing the acquisition of Grand Port Resources and its wholly owned subsidiaries Midway Resources Limited and Nimitz Resources. Under the terms of the agreement, Cyclone will grant Grand Port 900 million shares and the right to nominate one board member to join Cyclone's Board.

Godolphin Resources is poised to sink two diamond drill holes totalling 900m at its Yeoval and Cyclops prospects in NSW. The company says the holes are part of an initial probe aimed at testing the extent of the project's existing mineral resource estimate of 12.8m tonnes at 0.38 per cent copper, 0.14 grams per tonne gold, 2.2 g/t silver and 1200 parts per million molybdenum.

The shallow, gold orebody at Classic Minerals’ flagship Kat Gap project has been revealed for the first time. The gold explorer says the ground-breaking exposure is only 7m below the surface and comes from a shallow hole in the floor of the bulk sample mining pit. The company plans to remove the remaining overburden after a three-kilogram sample was crushed and panned yielding fine visible gold.

Regulatory approval for its Tarcoola gold project has Barton Gold fast-tracking towards its upcoming drilling programs in South Australia’s Gawler Craton. The company will be testing targets generated in recently completed gravity surveys, including a large-scale anomaly that sits beneath the existing open pit that, in 2018 yielded a 1m hit grading an astonishing 607.75 g/t gold from 17m within a larger 11m going 73.31 g/t from a shallow 11m.

Minerals explorer Panther Metals has hit a new high from drilling at its Coglia project in the Laverton region of WA with initial assays delivering the best nickel and cobalt grades to date at the venture. The headline results were a 1m intercept going 3.77 per cent nickel from 74m in one hole and another 1m section at 3160 parts per million cobalt from 49m in another.

Indonesia-focused gold explorer, Sihayo Gold has produced some eye-catching drilling results including a standout strike that returned 2.1m going 74 g/t gold and 119 g/t silver from 112.8m downhole in North Sumatra. The results come from a southern target outside the company’s existing mineral resource and Sihayo aims to incorporate the high-grade mineralisation into its Starter project.

88 Energy has struck oil after successfully reaching total depth in the Merlin-2 appraisal well in Alaska and is now waiting on wireline logging results to confirm whether oil will actually flow to surface from the target Nanushuk Formations. The company said it would take between seven and ten days to complete logging the 100 per cent owned well.

Horizon Minerals has updated its open pit ore reserve figures at the company’s Lilyvale vanadium deposit in Queensland to a solid 560 million tonnes grading 0.48 per cent vanadium at a 0.3 per cent cut-off. A bankable feasibility study has also progressed through offtake and alliance discussions with battery and electrolyte manufacturers, onshore refining assessments and project approvals for advancement to major project status.

Perth-based oil and gas outfit Buru Energy says an initial review of its Rafael 1 flow testing program has confirmed positive results scored in the field. The company says an ongoing data review suggests the area could hold significant gas accumulation housed in conventional reservoirs with “very valuable light oil and low CO2 content”. The company’s share price rose more than 36 per cent on the back of the news in intraday trading.

Perth-based explorer Kula Gold is closing in on the finish line of a diamond drilling campaign at its Boomerang kaolin prospect, part of the larger Marvel Loch – Airfield project near Southern Cross in Western Australia. According to the company, the campaign marks its final stage of fieldwork for resource studies and says its metallurgical test work is nearing a conclusion.