Public Company News

Strickland Metals has two RC drill rigs and one diamond core rig fired up at its Yandal project in WA. Both are expected to be on site for the duration of 2022 in a big push to add to the 603,000 ounce resource. The company believes there is significant potential to rapidly add to the existing gold resources at the project as it looks to emulate its neighbour, Northern Star’s Jundee operations.

Image Resources has produced an extraordinary set of quarterly numbers from its Boonanarring mineral sands mine 80kms north of Perth. Realised prices and production are up, costs are down, debt has been paid back early and the company’s coffers have swelled by nearly $30 million. Margins have more than doubled to $500 per tonne and $19 million in dividends was paid to shareholders during 2021.

Valor Resources has kicked off a 2,500 metre diamond drilling program at its Hook Lake uranium project in the world class, uranium endowed Athabasca basin in Canada. Drilling is aimed at testing the extent of mineralisation after identifying surface anomalism that included rock chips grading up to 59.2 per cent uranium. It will also target a geochemical and structural target called the V-Grid.

Estrella Resources continues to unveil the prospectivity of the intrusive igneous complex at its Carr Boyd project near Kalgoorlie in WA. The company says it has discovered more nickel-copper rich sulphides on previously untested ground at the Mossgiel and Gossan Hill prospects with mineralisation showing stark similarities to the geology of its original T5 discovery.

Meeka Gold has tabled a 24 metre drill intersection grading 4.81 grams per tonne gold from 68m downhole, with a 4m internal section going a cracking 20.3 g/t gold at its St Anne’s gold prospect within the company’s Murchison gold project in WA. Importantly, no resource estimate has ever been defined at St Anne’s, leaving huge potential with another phase of drilling to follow-up soon.

Javelin Minerals has completed a detailed aeromagnetic survey of its 900 square kilometre Mt Ida-Ida Valley project near Menzies in WA. The results are set to guide field-based exploration and drill results from the company’s exciting Coogee gold-copper project are also expected soon. Strike and depth extensions were targeted to follow up previous results that include 4m at 9.34 g/t gold and 27m at 1.22 g/t gold.

Novo Resources Corporation has set a high bar for itself this year after ticking off a flurry of 2021 exploration that saw the company further develop its gold, base-metals and battery-metals tenements across WA and Victoria. The company is now gearing up to run a 20,000m drilling blitz across a string of projects and capitalise on the booming precious metals and new energy markets.

ASX-listed Okapi Resources has upped the ante at its North American uranium play after signing an agreement with Canada’s ALX Resources to secure a portfolio of six advanced exploration projects in the Athabasca Basin. Collectively, the projects house 75 granted mineral claims across 55,000 hectares and sit in the world’s premier uranium district according to the company. Okapi will initially probe two projects with superior exploration potential.

Askari Metals has got its hands on a considerable parcel of sought-after lithium ground after acquiring the Barrow Creek Lithium project in the NT on the back of an oversubscribed $2.6 million capital raise. The fertile ground forms part of the Arunta Pegmatite Province and is considered highly prospective for lithium-tin-tantalum mineralisation. The project also borders major lithium players such as Lithium Plus and Core Lithium.

White Cliff Minerals has wrapped up a first pass RC drilling program at the company’s Cracker Jack prospect, part of its larger Reedy South gold project in WA’s Murchison Goldfields, following the completion of seven holes. The milestone earmarks the opening play of an expansive 74-hole probe totalling 4,440 metres that also takes in the nearby McCaskill Hill prospect.

Gold and critical minerals explorer Tambourah Metals has identified multiple airborne gravity anomalies indicative of denser rocks that may host nickel-copper-PGE mineralisation at its Bolgart and Tolarno projects approximately 100 kilometres northeast of Perth. A follow-up ground based moving loop electromagnetic survey has now been planned to test the gravity targets located near Chalice Mining’s monster Julimar PGE-nickel-copper-cobalt project.

Clinical-stage cell therapy group Chimeric Therapeutics has snapped up a US patent for its cancer fighting CLTX CAR therapies. According to the company, the United States represents the single largest global market for biopharmaceutical products and the patent will add further protection to its burgeoning roster of intellectual property. The move follows a recent patent grant for the technology in Europe.