Public Company News

St George Mining has launched into another round of diamond drilling on the hunt to find deeper targets identified by compelling electromagnetic survey results at their 100 per cent owned Mount Alexander nickel-copper project in the north-eastern goldfields. The company is also targeting down plunge continuity following an enticing 11.07 metre drill hit grading 1.58 per cent nickel and 0.71 per cent copper from 333.5 metres.

Recent assay results from ABx Group’s Deep Leads rare earth element discovery in northern Tasmania have proven the mineralisation extends over an area greater than 3km. Importantly, results from one hole set a record with the highest grade of total rare earth elements from Deep Leads, returning a whopping 3,306 parts per million TREO. The company has just commenced an extension drill program.

Reconnaissance sampling by ASX-listed, King River Resources has unveiled elevated levels of gold, copper and silver from several areas scattered along more than 150km strike of the prospective Whitewater Volcanic rocks. Located at the company’s Mt Remarkable tenure in the Kimberley region of WA, grades going as high as 7.01 grams per tonne gold and 2.3 per cent copper were returned.

Venture Minerals has commissioned a feasibility study for an underground tin mine within its Mount Lindsay tin-tungsten resource near the high-grade Renison tin mine in northern Tasmania. The Australian government has declared tin a critical resource as global competition for the battery metal heats up. Tin prices soared to record highs recently, touching US$37,500 a tonne, up 180 per cent since 2016.

Multi-mineral exploration company, Oar Resources is about to hit the go button on a maiden diamond drilling campaign at the high-grade Douglas Canyon gold project in the US. The company is planning a four-hole, 1000 metre campaign in Nevada aimed at targeting near-surface mineralisation and testing down dip depth extensions where historical grades have tipped the scales as high as 18 grams per tonne gold and 398 g/t silver.

Toronto-listed gold producer Novo Resources has churned out 18,144 ounces of gold in the third quarter at its newly minted Nullagine gold project in the Pilbara that produced 14,890 ounces in the previous quarter. Gold sales generated C$43 million revenue for the conglomerate gold miner who finished the quarter with a hefty C$44.1 million in the kitty and an impressive C$135 million worth of liquid investments.

Buru Energy has completed another 74,000 barrels crude oil lift from its Canning Basin acreage in Western Australia that will be shipped out of Wyndham port and sold to BP Singapore who will deliver it to a refinery in SE Asia. Buru will pick up a handy $3.7m for its 50 per cent share of the oil.

Torian continues to uncover a swathe of decent gold grades across its Leonora-based Mt Stirling project revealing what it says looks to be one large connected ore system just eight kilometres along strike of Red 5’s four-million-ounce King Of The Hills gold mine. Notable intercepts include 10m grading at 2.05 grams per tonne gold from 34 metres and 1m grading 6.03 g/t gold from 3m.

Mineral exploration company, PolarX has staked an additional 15 claims in the heart of the historic US historic mining mecca state of Nevada. The company says it has now confirmed several large gold-in-soil anomalies at its new Black Canyon tenue, within its existing high-grade Humboldt Range where, amazingly past rock chip sampling returned multiple assays going more than 100 grams per tonne gold, including a spectacular peak value of 512.7g/t gold.

Aspiring miner Adriatic Metals has sealed a US$245 million finance package to fund the construction of its flagship Vares silver project in Bosnia and Herzegovina. The deal, which includes an equity raising of US$100 million, signals a major step in the advancement of the project which is still subject to delivery of a definitive feasibility study.

Altech Chemicals may have raised the stakes at its Kerrigan kaolin deposit in Western Australia’s Wheatbelt with the discovery of halloysite in its analysis of samples from last year’s aircore drilling program. Halloysite is a tubular type of kaolin that attracts a premium price because of its value for a range of specialist uses.

ASX-listed gold explorer Si6 Metals has strategically positioned itself to extend the strike of its Monument gold project in Laverton by kicking off a government co-funded 5000 metre air core drill program. The program is targeting high level intrusive gold deposits analogous to the seven-million-ounce Wallaby gold deposit, also in the Laverton tectonic zone.