Public Company News

ASX-listed Surefire Resources has unearthed three “exciting” new bedrock conductors at its Kooline lead-silver project in WA after modelling up old airborne electromagnetic data. The company says the conductors, that have never before seen any drilling, are linked to historic, high-grade lead-silver mines. Surefire is now planning a follow-up ground electromagnetic survey and has recently secured government funding for the subsequent drilling campaign.

Aldoro Resources has hit sulphides in two diamond drill holes into the VC11 target at its flagship Narndee project, 400 kilometres north-east of Perth. The presence of sulphides and prospective host rock units in diamond core has given the company the confidence to extend the nickel prospectivity of the Narndee project out to the VC11 prospect, a whopping 7km north northwest of the VC1 target.

Multi-metals exploration company, Conico Limited has finalised its maiden drill season at the Greenland Ryberg base and precious metals project with data acquisition now in progress. Drill core samples for assay are due to arrive at the lab in Spain later this week and all core trays, totalling 3480m of core, will land this week in Portugal where further analyses will be conducted by Longland, Conico’s wholly owned subsidiary company.

ASX-listed software-as-a-service provider, K2fly has tabled a record 79 per cent growth in annual recurring revenue in the September quarter this year when compared to the corresponding quarter in 2020. The boost to the company’s top line follows the signing of three major long-term contracts that also lead to a record 125 per cent growth in total contract value in the period.

Brisbane based miner, Superior Resources has enjoyed some serious success with the drill bit at its Steam Engine prospect within the broader Greenvale project in Queensland recently. The company’s latest drill campaign produced a best result of 5m at 24.9 g/t gold including a 1m intersection going a whopping 115 grams per tonne gold from just 29m down-hole.

ASX-listed Emu NL has completed the acquisition of the Sunfire nickel-copper-PGE prospect near Bridgetown in WA. Located in the emerging South West mineral field, the Sunfire project hosts a suite of mafic-ultramafic intrusions that display a similar electromagnetic signature to Chalice Mining’s coveted Julimar discovery and it is adjacent to Venture Minerals and Chalice Mining’s evolving Thor JV.

ASX-listed junior explorer Native Minerals Resources has opened a new exploration frontier in Western Australia’s Nullabor region after being granted two key tenements in the region. The company will immediately commence a high-resolution magnetic survey over its new leases to help define new drilling targets over the 195km2 slice of the remote Nullarbor Plain.

ASX-listed Kula Gold is looking to head into the new year with a slurry of results from six months of drilling across its expanding tenement package in key prospective West Australian terranes, including the developing South West terrane and West Yilgarn nickel, copper and PGE province. A follow-up program at the company’s recently discovered Boomerang kaolin-halloysite project near Southern Cross is high on the company’s agenda.

Venus Metals has encountered platinum group element, copper and nickel mineralisation at its Youanmi project in WA after probing a promising electromagnetic conductor. A seven hole, 734 metre drilling program has extended the mineralisation at the project with a 7m intersection going 0.85 g/t platinum, palladium plus gold from 124m. The 7m hit also included a high-grade interval of 2m at 1.44 g/t platinum, palladium plus gold.

Infinity Lithium has estimated the net present value of its proposed San José lithium mine and hydroxide plant in Spain at US$811.7m, which translates into a whopping $1.094 billion in Australian dollars. The company says the project will spit out US$190m a year for 26 years in net cash flows from the production of 19,500 tonnes of battery grade lithium hydroxide annually.

Strickland Metals saw its share price surge by more than 60 per cent in intraday trading following discovery of broad, shallow and high-grade zinc and lead mineralisation in the Earaheedy Basin, directly along strike to Rumble Resources’ celebrated Chinook zinc and lead discovery. The first two drill holes of an initial five-hole campaign at Strickland’s Iroquois prospect returned thick mineralised hits, including 23m at 5.5 per cent zinc and lead.

Assay results from Askari Metals’ drilling at its WA Burracoppin gold project have confirmed several high-grade intercepts with a broad low-grade gold halo seen in many of the other holes. Additionally, the company has identified a new prospect east of the current system. Askari plans to follow up this area which has the potential to positively change the size and the scale of the Burracoppin project significantly.