Public Company News

Aldoro Resources has unveiled a suite of high-grade rubidium and some anomalous lithium results from a pegmatite rock chip sampling program at its Wyemandoo project approximately 80 kilometres southeast of Mount Magnet in WA. The company says the results that included peak grades of 1.82 per cent rubidium and 6600 parts per million lithium, have “exceeded” expectations.

An updated lithium price assessment of Galan Lithium’s flagship Hombre Muerto West lithium brine project in Argentina has delivered a pre-tax net present value of nearly US$2.2b, a whopping 120 per cent increase on the US$1b projected in a previous evaluation. Galan is now predicting an increase in annual EBITDA of over US$100m a year for the 40 year life of mine to an impressive US$287m a year.

ABx Group’s 87 per cent-owned chemical refining subsidiary, Alcore, has commenced construction of a pilot plant that will look to produce precursor chemicals used to recover fluorine from aluminium smelter waste known as “excess bath”. The Sydney-based company believes Alcore’s proprietary technology for recycling excess bath into high-value products such as aluminium fluoride, could deliver economic and environmental benefits to Australian aluminium smelters reliant on international imports.

Calidus Resources continues to tick off the check list of the required development works for its planned Warrawoona gold mine in the Pilbara region of WA. It says construction of the processing plant is now 85 per cent complete, with overall progress importantly running on time and on budget. Warrawoona is projected to churn out up to 105,000 ounces of gold annually with production forecast to commence in the first half of 2022.

Great Southern Mining has identified multiple bedrock anomalies considered prospective for nickel mineralisation in its recent electromagnetic survey at its East Laverton Nickel project in WA. One identified anomaly spanned a massive 2km by 1km and lined up with the edge of a regional gravity anomaly that Great Southern says provides further evidence of a potential blind nickel sulphide discovery.

Kalgoorlie Gold Mining, or KalGold has spotted a near surface open pit mining opportunity at its La Mascotte gold system near Kalgoorlie after reviewing a grab bag of historical bonanza near surface gold hits. Notable results identified include 7 metres grading 14.87 grams per tonne gold from surface and 2m grading a bonanza 141.15g/t gold or over 4 ounces to the tonne from 8m downhole.

White Cliff Minerals has launched a first-pass lithium and rare earths exploration venture at its Yinnetharra project that sits some 100 kilometres northeast of the Gascoyne Junction in Western Australia. The helicopter-supported field trip is part of the company’s plan to aggressively advance its recently swelled battery metal portfolio that could grow to include almost a dozen projects.

Godolphin Resources has fired up the RC drill rig at its Gundagai gold project in NSW, after a patch of unseasonal rough weather delayed the interrogation of its high-grade ground. The reignited campaign will see the gold explorer plunge 12 holes totalling 1,975 metres. To date, the company has completed five holes and intends to launch another half a dozen or so.

Radiopharm Theranostics’ research into the early-stage detection of a variety of cancers has been recognised after its paper was published in the prestigious medical journal Cancers. The pharmaceutical company has developed a world-class suite of medical products seemingly able to track and trace the movement of cancer molecules. The technology has also demonstrated an “outstanding” ability to break down a range of different cancer molecules.

Aldoro Resources is days away from firing up the rig to drill over 60 holes across its Niobe East, Niobe Southeast and Breakaway pegmatites in WA after completing a heritage site avoidance survey at its planned drill sites. The program follows a recently completed exploration campaign that saw Aldoro bag up close to 50 rock chip samples with elevated lithium pathfinder minerals.

Horizon Minerals has received a slew of high-grade gold assays from 31 holes of a 42 drill hole RC program to the north of the historic Golden Ridge mine and 4 kilometres south of its Boorara project in near Kalgoorlie. Significant drill intersections include a 4 metre section grading at a stellar 46.7 grams per tonne gold from 80m downhole.

Newfield Resources continues to hit paydirt at its Tongo diamond concessions in eastern Sierra Leone. The Perth-based budding diamond producer has unearthed more “gem-quality” diamonds in the Peyima kimberlite located only 5km southeast of the current mine development on the Kundu and Lando kimberlites where production is slated to commence in the early months of 2022.