Public Company News

Torian Resources has received encouraging news from its Mt Stirling Gold project near Leonora in WA after the company confirmed the presence of primary gold at its Hydra prospect. The best hit from preliminary assay results included a 2 metre intersection grading 2.6 grams per tonne gold from 106m, including a 1m strike going 3.2 grams per tonne gold.

Quantum Graphite saw its share price soar by more than 200 per cent after re-commencing trading on the ASX following a 15-month hiatus. The company now plans to step up its search for graphite to add to its recently updated Uley 2 and Uley 3 resource base in South Australia where a hefty 7.2 million tonnes going 10.5 per cent total graphitic carbon has been defined.

Technology Metals Australia is continuing to work on a string of activities as part of an ongoing “integration study” that will look to boost the mine life at its Gabanintha vanadium project in WA by over 55 per cent. The study is designed to incorporate ore from the company’s nearby Yarrabubba deposit, which it says could boost the expected mine life at Gabanintha from 16 to 25 years.

Legend Mining has been setting a cracking pace at its Mawson Project in the fabled Fraser Range mineral belt of WA whilst putting in some hard yards when it comes to the science behind its mineral deposit. The ASX-listed explorer has just wrapped up a 3D seismic survey which applied the revolutionary oil and gas exploration technology to its hunt for nickel at Mawson.

Galan Lithium has taken a vital step at its Hombre Muerto West lithium brine project in Argentina after appointing engineering consultancy Hatch to run a feasibility study over the project. According to the company, the study is anticipated to be delivered towards the end of the new year and will firm up numbers from a previous scoping study.

Novo Resources Corporation has upped the ante at its Beatons Creek conglomerate gold project near Nullagine in WA’s Pilbara region, after a revised mining approach delivered an optimised five-year plan through to 2026. According to the company, the revised approach delivered a higher processing grade in November of 1.58 grams per tonne against an average grade for both October and November of 1.3 grams per tonne gold.

Kairos Minerals has identified several extensive pegmatite outcrops within a previously defined major lithium-caesium-tantalum anomaly less than 3 kilometres from Mineral Resources’ revered Wodgina lithium project. A recent soil sampling program undertaken at the project returned significant assays including 238 parts per million lithium, 293ppm caesium and 582ppm rubidium. Additionally, a historical rock chip in the area returned a solid 1.6 per cent lithium.

ASX-listed Infinity Lithium Corporation looks to be advancing its San José lithium project in Spain, with the company’s wholly-owned subsidiary, Infinity GreenTech, progressing test work for a “cutting-edge” lithium hydrometallurgical conversion process. The company says its latest venture follows good recoveries of lithium from open circuit test work on its lithium micas.

ASX-listed heavy rare earths developer Northern Minerals, has secured a $4.3 million refund from the ATO as part of the Government’s research and development tax offset scheme for work completed at its Browns Range Pilot plant project in the Kimberley. The refund comes off the back of trial beneficiation and hydrometallurgical plant testing designed to advance the company’s knowledge around processing of its heavy rare earths.

Neometals’ 70 per cent owned subsidiary company, Reed Advanced Materials has entered a co-operation agreement with Portugal’s largest chemical producer, Bondalti Chemicals seeking to commercialise Reed’s “ELi” processing technology for the sustainable production of battery quality lithium hydroxide and carbonate. The collaborators aim to construct a pilot plant ahead of a proposed 25,000 tonne per annum industrial scale lithium refinery in Portugal.

ASX-listed Galan Lithium is steaming ahead with a suite of exploration works to feed into an upcoming DFS at its flagship Hombre Muerto West lithium brine project in Argentina where a 40 year mine life has been envisaged. Construction of evaporation ponds for a pilot plant aiming to generate high-grade lithium concentrate have now commenced, whilst a drilling campaign seeking to grow the existing resource base has intensified.

ASX-listed Great Southern Mining has the rods turning again with two 160m diamond holes at its Southern Star prospect designed to build on some previous stunning intercepts and increase its understanding of the deposit. Meanwhile, an oversubscribed capital raise of $1.6m before costs will help Great Southern fund further drilling in WA and Queensland.