Public Company News

Blackstone Minerals has secured Vietnamese approval to take its drills to the highly-prospective Chim Van target. The company says geophysical modelling suggests Chim Van is a concealed ultramafic target similar to the Ban Phuc disseminated sulphide deposit, however significantly it registers a magnetic signature that is an order of magnitude larger. Blackstone is currently wheeling the rig to the site, about 7km northwest of Ban Phuc.

A geochemical survey at Venus Metals Corporation’s Youanmi lithium project has backed up previous drilling, with the company hoping recently delineated lithium anomalies are an extension of the Manindi lithium discovery to the south that excited the market last month. Interestingly, the extensions appear to coincide with existing and known pegmatite outcrops.

Godolphin Resources has struck multiple mineralised copper veins with its first hole in search of a large porphyry copper-gold system in NSW. The explorer kicked off a two-hole diamond-drill program at its Yeoval porphyry copper-gold project on April 4 and now is shooting for possible extensions to the south of its current resource hoping its second hole will make it two from two.

AVZ Minerals’ ongoing development of its flagship Manono lithium and tin project, about 500km north of Lubumbashi, in the Democratic Republic of Congo, has received a major shot in the arm after acquiring a positive technical opinion from the Department of Mines, clearing the path for an imminent decision on its mining licence at the operation.

The first holes drilled into the Amy Clarke target in more than 25 years have yielded high-grade gold hits for Great Southern Mining from an air core drilling program at its Duketon Gold project, near Laverton in WA’s Goldfields. Results included an intersection of 5 metres at 8.2 grams per tonne gold, including one metre at 33.5 g/t gold from 33m.

Wiluna Mining Corporation has boosted its global ore reserves by 10 per cent, even after mining depletion, to 36.8 million tonnes grading 1.2 grams per tonne gold for 1.42 million ounces of gold at its namesake WA operation. The company posted an impressive 31 per cent increase in underground ore reserves to 861,900 ounces grading 4.11 g/t gold as it looks to focus on optimising Stage 1 development.

Chimeric Therapeutics has entered into a strategic manufacturing partnership with US-based biopharmaceuticals outfit WuXi Advanced Therapies to accelerate production of its cancer-fighting CAR T therapies. According to Chimeric, WuXi delivers extensive experience in Good Manufacturing Practices and analytical testing and it says the deal will allow it to scale up manufacturing support ahead of several clinical trial programs.

88 Energy’s move to Texas is putting some colour into the ASX-listed company’s bank account after it banked the first A$600,000 cheque in March from its Project Longhorn. The company has lifted production from the Permian Basin project by over 30 per cent to more than 400 barrels of oil equivalent per day after the first of its planned capital-efficient workovers.

White Cliff Minerals has bolstered its battery metals ambitions after completing the acquisition of explorer Abraxis Mining and its trinity of WA-based tenement applications in the Pilbara that are prospective for lithium. According to the company, a subsequent review of remote satellite data has uncovered a network of pegmatite-rich target areas that will be further assessed through a maiden mapping and sampling program.

Triangle Energy’s imminent acquisition of a highly prospective Perth Basin block has been boosted by news it has delivered a 370 per cent increase in its best gas resource estimate – from 165 billion cubic feet of gas to 617bcf. Triangle is buying the 50 per cent it doesn’t already own in the acreage from departing partner Key Petroleum.

St George Mining has intersected nickel-copper sulphides in the second drillhole targeting an extension to its high-grade Stricklands deposit in WA. Nickel-copper sulphides were located from 102.7m to 106.3m downhole including 0.25m of massive sulphides abutting the granite contact from 106.05-106.3m. Drilling has confirmed a western extension of approximately 35m to the existing high-grade Stricklands deposit with mineralisation open down dip.

Mineral explorer DiscovEx Resources has outlined several additional target areas at its flagship Sylvania gold project about 15kms south of Newman in WA. The company recently wrapped a field exploration campaign that included gravity-based geophysics, geochemical sampling and a heritage survey and it is now gearing up to complete mapping, sampling and more geophysics en route to a maiden drill program at the project.