Public Company News

ASX newcomer, West Cobar Metals has unleashed the drill rig for the company's highly anticipated maiden diamond drilling campaign at its Bulla Park copper and silver project on the western edges of the mineral-rich Cobar Basin in NSW. The program will kick off with three holes at its namesake prospect, targeting a major copper-silver stratabound mineralised system where historical drilling returned thick copper intercepts at the margins of the system.

Junior explorer Victory Mines has judiciously applied for an additional five exploration licences around its Mt Ida-Ida Valley project, which will now share a tenement boundary with celebrated fellow explorer Red Dirt's newly acquired Mt Ida gold project. Victory says northward extensions of the recently announced lithium bearing pegmatites on Red Dirt's ground may creep up into its new tenure.

Gold explorer, Torian Resources has wrapped up an unusual equity swap and advisory services arrangement with blockchain outfit BullionFX that recently listed its "BULL" gold-backed token on cryptocurrency exchange Digifinex. Under the agreement, Torian acquired a 7.5 per cent stake in BullionFX and is set to receive 15 million BULL crypto tokens. Torian says each BULL recently traded up at about US$0.85, valuing its stake in BULL at more than US$12 million.

King River Resources has made a key appointment to lead its newly formed High "Purity Metals Division" as the company looks to lay the groundwork for building a processing plant for high purity alumina in Kwinana. According to the company, newly appointed CEO, Doug Flanagan has a pedigree in delivering base and precious metal projects, rare earths and oil and gas projects in Australia, Zambia, Malaysia and Central and North America.

Okapi Resources has acquired additional high-grade uranium pounds adjacent to its existing tenure on a new mining lease executed with the State of Colorado. Okapi has secured a 100 per cent interest in 640 acres of prospective acreage around the High Park uranium deposit. Black Range Minerals previously established a JORC 2012 resource of 2.48 million pounds U3O8 at 570ppm U3O8 in the new project area.

Mineral explorer, Strickland Metals has secured a milestone 'Native Title Land Access and Mineral Exploration Agreement' with the Tarlka Matuwa Parku Aboriginal Corporation to cover the company’s entire Yandal gold project tenure in WA. Strickland says the agreement will fast-track its exploration efforts at the project that already boasts a resource base of about 600,000 ounces of gold, taking in a touch under 2,000 square kilometres.

Twenty Seven Co is set to kick off reverse circulation drilling at its 100 per cent owned Rover gold project near Sandstone in WA next week that will test recent stellar soil sampling results including a 1.15 gram per tonne surface gold sample. Drilling will also test some exciting intersections at the Harmonic and Creasy prospects to get a better understanding of the potential scale of the mineralised system around them.

Mineral exploration company Valor Resources is onto a grab bag of significant grade copper samples, with some going as high as 13.4 per cent, arising from a geochemical sampling program at its Picha copper and silver project in southern Peru. At the Cobremani prospect, sampling of historical works delivered a continuous 35.6m long channel with an average 1.3 per cent copper and 22.85 g/t silver.

Twenty Seven Co could be set to join the white-hot lithium market after early visual results identified the presence of pegmatites with evidence of lithium, tin and copper mineralisation at its Trident project near Broken Hill in New South Wales. The results compliment historical geochemical sampling which included a stellar 7.63 per cent lithium oxide sample. The company is now awaiting assay results from rock chips collected from those pegmatites.

Mineral explorer Aldoro Resources has boosted its lithium footprint in WA after sealing an agreement with Trafalgar Resources for the 100 per cent acquisition of its Windimurra pegmatite assets near Mt Magnet. The deal represents the fourth acquisition of lithium ground by Aldoro in as many months. Under the agreement Aldoro will pay Trafalgar $50,000 in cash and 275,000 shares.

Great Southern Mining is rapidly scrubbing up its Southern Star gold deposit in WA after it intersected a best yet drill hit of 68 metres going 1.9 grams per tonne gold from just 61m in amongst a wealth of other high-grade hits at its Duketon project in WA. The impressive result backs up a previous 59m hit in a different hole grading 2.1 g/t gold.

WA-focused exploration company, Metal Hawk has delivered a broad 22m nickel sulphide hit going 0.27 per cent nickel at its Commodore prospect near Kalgoorlie some 150m north of its recent discovery where a 1m interval at a smashing 5.9 per cent nickel was intercepted. The company will now ramp up exploration drilling at the prospect following a $2.4m cash injection from a strongly supported capital raise.