Public Company News

Junior explorer Emu NL has received a double shot of good news with elevated tungsten values occurring in tandem with gold mineralisation in a recent drill campaign at its Monte Cristo prospect at the company’s flagship Badja gold project near Yalgoo in WA. Significant tungsten values intersected include 12 metres grading 0.12 per cent tungsten from 58m containing an internal metre going a whopping 0.64 per cent tungsten.

ASX-listed Surefire Resources has kicked off negotiations with a string of potential transport and off-take partners for its Perenjori iron ore project in Western Australia. According to the company, it has a hefty iron exploration target that ranges from 870 million to 1,240m tonnes at the project with grading between 29 to a stonking 41 per cent iron.

Junior gold explorer Askari Metals has swung the drill rig back into action at its Burracoppin gold project in Western Australia’s eastern wheatbelt following up a suite of shallow, high-grade gold drill hits from phase one drilling. Significant assay results include 4 metres grading 4.27 grams per tonne gold from 25m downhole with an internal metre going 14.6g/t gold from 26m.

The board of Torrens Mining has recommended the acceptance of a $23 million offer to merge with Coda Minerals, its partner in the Elizabeth Creek copper project in SA. The deal is now subject to the approval of the company’s shareholders. Coda is offering 0.23 shares to every Torrens shareholder to consolidate ownership of the project under one roof.

ASX-listed gold producer Horizon Minerals has boosted its bottom line by $1.35m after toll milling stockpiled low-grade ore from its Boorara open pit mine in the renowned WA Goldfields. The company says the processing of low-grade stockpiles via two campaigns totalling nearly 100,000 tonnes from the recent trial mining of the Boorara deposit is now complete.

Great Southern Mining is further investigating the size and extent of two bedrock conductors with a follow-up fixed-loop electromagnetic survey at its East Laverton project in Western Australia. The conductors eked out from the recent geophysical survey are considered highly prospective for massive nickel sulphide mineralisation. One identified anomaly spanned a massive 2km by 1km that the company says provides a “compelling drill target”.

A protein derived from scorpion toxin being used to spearhead Chimeric Therapeutics’ assault on brain cancer cells has delivered encouraging early results from a study being conducted at the world-famous City of Hope Hospital in Los Angeles. Patients in the study responded well to the simultaneous introduction of the cell therapy by injecting it into both the tumours and the brain.

WA’s new quarantine laws have offered Buru Energy a project boost. The reduced 7-day isolation period now means the well test team currently stranded in Perth quarantine facilities can mobilise to the Rafael 1 well site to carry out the all-important flow tests of the ‘wet’ gas discovery in WA’s Canning Basin.

ASX-listed junior explorer Aruma Resources has launched a 3,000 metre RC drilling campaign targeting a previously identified pegmatite swarm at its Mt Deans lithium project approximately 170 kilometres south of Kalgoorlie. Pegmatite occurrences have been mapped over a 1km strike length and historically yielded high-grade surface rock chips grading up to 2.1 per cent lithium and 555.9 parts per million tantalum.

Venus Metals has discovered multiple outcropping lithium rich pegmatites at its Henderson project 50km northwest of Menzies in WA. Rock samples from the outcrops returned lithium results up to an extraordinary 3.5 per cent lithium oxide with enriched tantalum and niobium. Henderson sits 15km south of the spodumene-rich lithium pegmatites discovered by Red Dirt Metals in the emerging Mt Ida/Ularring greenstone belt lithium province.

Aruma Resources has snagged a high-grade gold hit amongst several other wide, shallow, lower grade gold intercepts during first pass greenfields drilling at its Salmon Gums gold project approximately 200km south of Kalgoorlie in WA. High grade hits included a 1 metre section grading 13.35 grams per tonne gold from 108m within a broader 4m interval going 4.26g/t gold from 105m downhole.

White Cliff Minerals has completed a maiden 74 hole 4,440m RC drilling campaign at Reedy South in WA. Drilling targeted large soil gold geochemical anomalies at the contact zone between mafic rocks and banded iron formations at the Cracker Jack and McCaskill Hill prospects. The anomalous zone is thought to be associated with the prospective Burnakura shear zone. Samples have been sent for analysis.