Public Company News

Infill drilling by ASX-listed PolarX at its Caribou Dome copper deposit in Alaska has returned assays hitting an eye-watering 15 per cent copper underscoring the uber high-grade potential at the project. One notable intercept returned 19.09 metres at 7 per cent copper from 45m downhole and contained a high-grade interval of 3.98m going a staggering 14.8 per cent copper.

ASX-listed Okapi Resources has expanded its US uranium portfolio after staking more than 460 claims covering 3,600 hectares to acquire the high-grade Maybell Uranium project in Colorado. According to the company, the tenements boast historical production figures of 5.3 million pounds of uranium trioxide with a cracking average grade of around 1,300 parts per million.

Junior nickel explorer St George Mining has identified a strong off-hole conductor through down hole electromagnetic surveying nearby another at its Mt Alexander nickel-copper project in WA it believes may be a potential 70m long conductive horizon. The company says the off-hole conductivity readings are interpreted to be consistent with massive nickel-copper sulphide mineralisation and could represent an exploration breakthrough at the project.

Empire Energy’s exploration grants, rescinded by the Federal Court of Australia in late 2021, have been reinstated by the Federal Government providing almost $20 million in funding to Beetaloo Basin exploration. The package will cover 25 per cent of the cost of seismic data acquisition in addition to the drilling, fracture stimulation and flow testing of three horizontal appraisal wells.

ASX-listed junior explorer Askari Metals has capped off the second phase of drilling at its prospective Burracoppin gold project in Western Australia’s eastern wheatbelt. The company completed 1,300 metres over 13 reverse circulation holes following on from a number of significant strikes in the first pass. The junior has its eyes on a third round as it keenly awaits assay results.

Newfield Resources has appointed Charl Barnard as General Manager of its Tongo diamond mine in Sierra Leone. The new GM will hold the tiller as Newfield heads for diamond production. The Tongo diamond mine comprises two adjacent mining licenses covering a combined 134 square kilometres in eastern Sierra Leone. It has an indicated and inferred diamond resource estimate of 8.3 million carats.

Venus Metals Corporation, together with joint venture partner Rox Resources has continued its golden run of high tenor drill hits after a fresh set of results from recent work at the company’s flagship Youanmi gold project in WA. Notable results from recent drilling include 3.25 metres grading a formidable 32.22 grams per tonne gold from 282m downhole and 4m going 10.91 g/t gold from 196m downhole.

Mixed metals explorer Kairos Minerals could be onto lithium at its wholly owned Lalla Rookh Project, located in the East Pilbara region of Western Australia. The company has unveiled a suite of lithium-caesium-tantalum pegmatite targets that it says forms part of an ongoing battery metals hunt aimed at beefing up its new energy portfolio amid a ravenous global market for all things lithium.

ASX-listed junior explorer Javelin Minerals has secured a further 72 sq kms of territory at its Mt Ida-Ida Valley project in a region currently under the microscope of other juniors for its multi-element mineralisation. The Mt Ida-Ida Valley project covers approximately 972 square kilometres in total of highly prospective ground about 100 kilometres west of Leonora in WA.

Torian Resources has dished up further high-grade gold hits from recent resource and extensional drilling at its flagship Mt Stirling/Viserion project approximately 40km northwest of Leonora in WA that continues to consistently produce high tenor results. Notable recent results include 1 metre grading 5.57 grams per tonne gold from 20m downhole, 5m at 7.79 g/t gold from 194m and 2m going 15.21 g/t gold from 195m.

King River Resources will pick up a hefty $452,831 rebate from the federal government for research and development costs spent developing its high purity aluminium precursor compounds for application in the flourishing lithium-ion battery industry. Using the company’s proprietary “ARC” processing technology, three separate trials of a newly commissioned lab scale pilot plant have delivered a “Type 1” precursor aluminium salt at more than 99.999 per cent purity.

Junior explorer Meeka Gold has entered the rare earths game following the acquisition of the Cascade project that boasts a huge 2,068 square kilometre landholding in the emerging province along the Albany-Fraser mobile belt in southwest Western Australia. Neighbouring explorers have had successes in the region with the most notable being Mount Ridley Mines who intersected peak grades up to 10,461 parts per million rare earths.