Public Company News

Superior Resources appears to have tapped into the outer edges of a large, buried porphyry system at the company’s Bottletree copper prospect in Queensland. Assay results from the first of three diamond drill holes targeting an induced polarisation anomaly have returned a massive 552.5 metre intersection at 0.16 per cent copper with peak grades of 4m returning 1.32 per cent copper.

Cancer fighting biotech, Radiopharm Theranostics has taken full ownership of the intellectual property rights of three cancer-fighting nanobodies that target a range of solid tumors including breast cancer. Radiopharm had held the licence to use the assets in its studies, however following the purchase, it now has exclusive world-wide use of the technology that is used in the diagnosis and treatment in a range of cancers.

BMG Resources has seemingly upped the ante at its Abercromby gold project in the north-eastern Goldfields of WA after scooping a fleet of wide gold hits from a recent RC drilling campaign. The notable strikes are underlined by a series of scintillating results that include 6 metres at 19.8 grams per tonne gold from 83m with a 1m section grading 100.39 g/t gold at the same depth.

Gold and nickel explorer Tambourah Metals has lined up a drill rig to follow up a series of new significant gold targets identified through geophysical surveying and a historic data review at its flagship Tambourah gold project in the Pilbara. A review of the mineralisation at Tambourah by geophysical consultants using high resolution airborne magnetic data identified three potential targets in the area with plans for a 30 RC hole campaign underway.

Estrella Resources has delivered another set of nickel and copper sulphides at its blossoming T5 discovery located at the company’s Carr Boyd project near Kalgoorlie in WA. Estrella plunged a diamond drill hole below the discovery and intercepted a brace of separate of nickel and copper sulphide zones it says confirms the continuation of nickel-copper sulphides below the Carr Boyd mine’s old workings.

Aurum Resources has launched a 5,000 metre drilling assault at its Penny South project in WA targeting structural anomalies that bear similarities to the nearby, high grade Ramelius Resources’ owned Penny West and Penny North gold projects. The Penny West deposit produced 154,000 tonnes at 18.0 grams per tonne for 89,000 ounces gold in the 1990’s and Aurum plans to sink 18 holes into its project attempting to home in on the most prospective areas of the tenure following up earlier work.

ASX-listed Emu NL has its sleeves rolled up busily working away in the field across its nickel-copper and platinum group element projects completing various follow-up exploration activities including soil sampling and geophysical surveying. Soil sampling targeted base and precious metals at its Badja project near Golden Grove and ongoing geophysical surveying is targeting a suite of battery metals in the southwest within the same terrain as Chalice’s monster Julimar project.

Venture Minerals’ JV earn-in with market darling Chalice Mining is off to a flyer after the latter generated seven new electromagnetic, or “EM” targets from a ground-based survey at the duo’s South West Nickel-Copper-PGE Project 240 kilometres south of Perth. The company’s latest work is focused on Venture’s Thor target, a 20km-long magnetic anomaly that has drawn comparisons to Chalice’s revered Julimar discovery.

ASX-listed Strickland Metals has obtained heritage clearance from Tarlka Matuwa Piarku Aboriginal Corporation for almost all of its planned exploration throughout 2022. Obtaining heritage clearance was the final critical step towards commencing exploration at Yandal and for the planned resource extensional drilling at Millrose. A drill rig is ready to start this week.

Toronto-listed Novo Resources has received some stunning high grade assay results back from its recently completed 15,000m reverse circulation drill program at its Parnell-Vulture prospect in WA. In total, 83 holes were drilled for a total of 5,200m at the project area, handily located only 45km from the company’s Golden Eagle processing facility. Results include 4m at a seriously good 10.19 g/t gold from 31m.

Gold developer Calidus Resources is delivering on its environmental initiatives after executing an agreement with Zenith Pacific to install a solar farm and battery storage system to help power its flagship Warrawoona gold project in WA’s Pilbara. The 4MW solar farm is the cornerstone of the company’s carbon reduction plan at Warrawoona where Calidus is expected to churn out up to 105,000 ounces of gold annually.

Metal Hawk Limited has launched back into RC drilling at its Berehaven nickel project, 20 kilometres southeast of Kalgoorlie. Drilling has commenced at its Commodore South prospect located approximately 500m southwest of a discovery hole that intersected a one metre section going a whopping 5.89 per cent nickel last year. The company also hit 3.4m going 2.32 per cent nickel from 203.8m at the same prospect late last year.