Public Company News

Emu NL is narrowing in on nickel targets at its Graceland and Viper projects in WA after EM surveys identified anomalies over previously recognised gravity and soil sample anomalies. The company is now planning for a 2,500-3,000 metre rotary core drilling program in the second quarter of 2022 with the recent events in Europe driving nickel prices to 11-year highs.

Brightstar Resources has picked up a crucial piece of acreage that connects its south and north Cork Tree Well tenure, offering the company an unfettered opportunity to explore the area. The acquisition extends its second prospective exploration trend parallel to historic workings over unbroken ground. Curiously Brightstar picked up the connecting ground within the lucrative Laverton gold belt for just $10,000 cash.

Alaska-focused oil explorer 88 Energy’s Project Icewine has received a boost after light oil was recovered across a brace of separate production tests at Pantheon Resources’ Talitha-A well, about 4.5 kilometres from the Icewine acreage. According to the company, the results at the well are highly encouraging given first pass mapping suggests parallel reservoir sequences sit between the zones.

ASX-listed gold producer Wiluna Mining says it has arrangements in place to sell all its concentrate to alternative destinations after suspending further concentrate shipments to Russia. Following the wake of Russia’s invasion of Ukraine the producer has immediately suspended one shipment of gold concentrate that had set sail to Amursk, Russia and another that had just left its facility in Wiluna.

Aldoro has nailed its nickel targets delivering improved intercepts from the latest drilling at its Narndee project in WA. Significant results include up to 4.26 metres grading 1.22 per cent nickel. The reported intercepts represent a marked improvement in width over the previously encountered single metre grading 1.35 per cent nickel from 192m downhole.

Classic Minerals has wheeled in its heavy machinery, recommencing trial mining as it edges towards production at the Kat Gap gold project in WA. The explorer’s bulk sample mining efforts were put on hold due to wet weather in spring last year. According to the company, the main ore zone will be exposed for the first time in approximately two weeks.

Infinity Lithium Corporation's wholly owned Spanish subsidiary, Extremadura New Energies has reinforced its provincial links by becoming a member of the local business organisation in Cáceres. The company says the move will allow it to gain a comprehensive understanding on how to deliver its San José lithium project to the people of western Spain.

Torian Resources has delivered gold results up to 18.5 g/t gold at the Mt Stirling project as it builds towards a resource upgrade by mid-April. Key structures are interpreted to be open along strike and at depth providing down dip and along plunge structural gold target zones as the company looks to build resources.

Blackstone Minerals has made a strategic investment in ASX-listed Corazon Mining’s historically significant Lake Lynn nickel-copper-cobalt project northwest of Thompson in Manitoba, Canada. The initial investment of about $2 million will earn Blackstone a 14.32 per cent stake in the exploration and development company. The addition will bolster the company’s upstream supply for its vertically integrated business strategy.

American West Metals could have a growing resource on its hands after racking up over 330 metres of visual zinc and copper mineralisation outside the historical resource zone at its West Desert project in Utah.

Podium Minerals has boosted its exploration target at its Parks Reef project in WA with recent drilling underscoring a larger target over 12km that encompasses the 2.8 million ounce combined platinum, palladium and gold resource. The revised target of 70Mt to 75Mt at 1.2 g/t to 1.6 g/t gold for 2.7Moz to 3.8Moz platinum-palladium-gold has been estimated by projecting the mineralised zone currently within the inferred mineral resource model.

Drilling at Strickland Metals’ Iroquois discovery has returned high-grade zinc-lead results of 8m at 5.2 per cent zinc and 5m grading 10.1 per cent zinc-lead. The highest grade was contained in a broad zone giving 18m at 4.2 per cent combined zinc-lead. The company notes the discovery lies along strike from Rumble Resources’ Earaheedy project.