Public Company News

Oar Resources is making headway at its wholly owned Crown project, about 70 kilometres north east of Perth, after finalising plans for an airborne geophysical mapping survey at the site. The project is considered highly prospective for nickel, copper and platinum group elements and is on the doorstep of Chalice Mining’s much-lauded Gonneville polymetallic discovery.

Meeka Gold Limited has discovered a new, shallow lying oxide gold lode amongst a slew of other high grade hits, adding to the company’s ongoing success with the drill bit at its Murchison gold project in WA. Excellent shallow intercepts from recent drilling include 16 metres grading 6.67 grams per tonne gold from just 20m downhole with a 4m internal section going 24.1g/t gold.

If billionaire “prospector” Mark Creasy has the Midas touch when it comes to divining lucrative mineral deposits, Paul Hopper just might be the man who wields the mythical rod of Asclepius - the Greek God of medicine - when it comes to the equally lucrative ASX-listed biotechnology space. By any measure Hopper has experienced success listing and developing biotech companies on the ASX – and the last year was a good one.

Classic Minerals has only one hurdle left to clear now to develop its Kat Gap gold mine near Southern Cross after being given a permit to clear native vegetation for its mine and processing plant in WA’s goldfields. The company only needs regulatory approval for its mining proposal now including the mine closure plan before it can kick its operation into gear.

Strickland Metals’ second-string Iroquois project in the northern goldfields is continuing to jostle attention away from its better addressed Yandal greenstone belt Strickland stablemates, the Horse Well and Millrose projects. Iroquois has been throwing up some impressive zinc hits to back up last year’s initial discovery and it appears that Strickland now has yet another serious project on its books.

ASX-listed explorer Zuleika Gold is set to embark on major expansionary drilling programs across its Kalgoorlie gold projects. After a significant effort in 2021, the company is gearing up to plough an additional 20,000 metres into the ground for what will ultimately be a serious 40,000m campaign over two years for the Mark Creasy backed junior.

ASX-listed American West Metals has made a promising start to its US metals hunt after spotting extensive visual zinc and copper mineralisation in the first diamond hole at its West Desert project in Utah. The discovery forms part of an inaugural 7,500 metre probe at the project aimed at testing the continuity of the high-grade mineralisation.

ASX-listed junior explorer Metal Hawk has hit serious paydirt again at its Berehaven project, 20 kilometres south-east of Kalgoorlie in the West Australian Goldfields. Assays have confirmed a high-grade gold zone of five metres grading 7.2 grams per tonne gold is sitting below the company’s high-grade nickel zone identified last year. Promisingly, mineralisation remains open in all directions.

Junior gold explorer Great Southern Mining says a two-hole probe of its Southern Star deposit has confirmed a significant mineralised system. The deposit forms part of the Duketon gold project about 45 kilometres north of Laverton in WA. The company says both diamond holes intersected a mineralised quartz dolerite unit and gold-bearing assemblages that could be part of a larger system.

Trigg Mining has placed an additional $700,000 worth of shares following an oversubscribed $3.3 million share placement that received attention from new and existing investors, boosting the total capital raise to $4m. The extra proceeds will increase Trigg’s cash reserves to a formidable $7m, putting it in a strong position to progress its pre-feasibility study at the company’s Lake Throssel sulphate of potash project in WA.

DiscovEx Resources’ and joint venture partner Carnaby Resources’ remarkable Nil Desperandum prospect within the Greater Duchess copper gold project is looking like the gift that keeps on giving after the duo announced an extension of wide zones of copper mineralisation. Carnaby, the majority owner of the project in Mt Isa, Queensland, says the copper grades look to be increasing at depth.

Base metals and gold junior Todd River Resources has joined the ever-increasing ranks of explorers suffering from slowdowns at Australian assay labs as it waits for results from recent drilling. The company is eager to get follow-up work on the Berkshire Valley project underway prior to the start of this year’s crop seeding season as its nickel copper palladium group project sits in WA’s wheatbelt.