Public Company News

ASX-listed explorer Strickland Metals has intersected a flurry of gold hits at its Dusk til Dawn prospect in WA that extends mineralisation down-dip following a series of successful strikes at the same prospect late last year. A remodelling of the current 108,900 gold ounce resource is now underway at the prospect where the company believes it will add substantial gold ounces to the resource base.

Surefire Resources could be gearing up for a busy year after drilling at the Yidby Road gold project scooped up a legion of wide gold hits. The best results included a 13 metre intersection running 1.33 grams per tonne gold from 234m including a 2m section grading 3.88 g/t gold from the same depth. The project lies adjacent to the over one million-ounce Minjar gold project in WA.

ASX-listed Image Resources has wrapped up most of the acreage in its deal to bolt a sought-after package of tenements into its Mid West WA minerals sands business. The deal adds further expansion opportunities to the company’s development plans for its Atlas and Bidaminna deposits. Under the agreement, Image is paying $24 million out of cash reserves to add more than 230 per cent to its total mineral resources.

American West Metals has launched a maiden drilling campaign at its West Desert zinc-copper-indium deposit in Utah, USA. The program is aimed at expanding the known historic mineralisation by drill testing the continuity of a suite of high-grade zinc and copper hot spots. The company says the results will be fed into a mineral resource estimate and used to assess the potential of an open pit mining operation.

Superior Resources has chipped significant gold from historic prospective outcrops at Windmill East and Origin, 210 kilometres west of Townsville in central Queensland with grades as high as 65.92 grams per tonne gold. The company says the results from its first entry into the old Pancontinental prospects are a sign it could be on to a mineralised system significantly larger than previously thought.

Shares in Kalgoorlie gold explorer Zuleika Gold more than doubled in intraday trading after wily WA “prospector” Mark Creasy produced a $3m cheque to back the company’s gold exploration efforts near Kalgoorlie. Zuleika shares touched 4.7c after closing at 2c the day before when the market learned that the man with the Midas touch saw something he liked at Zuleika.

ASX-Listed kaolin and gold explorer Kula Gold has restarted drilling at its 100 per cent owned Boomerang Kaolin prospect to finish a previously planned 62-hole program before adding a further 18 RC drillholes. Logging to date has displayed an average kaolin vertical thickness of 29 metres with an average depth of 5.7m below surface. The gold potential is also being tested in the bedrock beneath.

Blackstone Minerals has made a lightning bolt strategic investment in laterite nickel by rolling A$2.75m into NICO Resources’ IPO to gain a 15.11 per cent interest in the battery minerals hopeful that last year picked up Metals X’ massive Central Musgrave Project that spans both WA and South Australia. With a serious nickel metal endowment of some 1.95m tonnes, Blackstone says it is likely one of the largest undeveloped nickel resources globally.

Budding gold developer Calidus Resources is joining forces with Haoma Mining under the guise of new company, Pirra Lithium to unlock the lithium potential of more than 1,000 square kilometres of prime Pilbara real estate. The Pilbara Craton is shaping up to be one of the world’s major lithium and tantalum provinces housing the behemoth Wodgina and Pilgangoora lithium projects alongside Global Lithium’s evolving Archer deposit.

Manganese producer Element 25 Limited has tabled a solid set of financials following a recent scoping study for the construction and operation of its planned high purity manganese sulphate monohydrate plant. The financial metrics also showed a solid 20-year life for its Butcherbird manganese project in WA that is highly leveraged towards the emerging electric vehicle industry.

Alaska-focused oil explorer 88 Energy has tipped a February spud date for its Merlin-2 well in the American state of Alaska, after announcing it has commissioned a rig, is building a snow road and is close to regulatory approval for the 8000-foot follow-up to 2021’s Merlin-1 oil discovery.

Great Southern Mining has hit high grade gold at the Southern end of its Amy Clarke prospect in WA. Drilling intersections correlate with gold in soil anomalies and set the scene for a renewed hunt for grade at the Southern end of the prospect. The company says the fact that the high grade intersections were in bedrock suggests the source of the gold may be close by.