Public Company News

Barton Gold is eyeing the possibility of significant new discoveries, having identified a collection of shallow targets with its government co-funded ground penetrating radar survey over the Tarcoola Gold Project on the Gawler Craton in South Australia. The work is part of a systematic geophysical and drilling program with more refined target selection and follow-up drilling expected in coming months.

ASX-listed Hot Chili’s pre-feasibility study into its 100 per cent owned Costa Fuego copper-gold development in Chile is gaining momentum. A materials-handling scoping study has revealed significant time and cost savings when implementing a “rope conveyor” to transport ore downhill from Cortadera to Productora. A similar haulage system has been successfully employed at Teck and Newmont Goldcorp’s NuevaUnión project, 100km east-northeast of Costa Fuego.

ASX-listed junior explorer Great Southern Mining has defined several large kilometre scale gold anomalies within its Duketon tenements in WA from regional soil sampling and will be drill testing at the Amy Clarke prospect by the end of the year. A geophysical magnetic low channel associated with the gold anomalies can be traced 3km north to Regis Resources’ 322,000-ounce Erlistoun deposit grading 1.9 grams per tonne gold.

Mineral explorer Aldoro Resources has turned up some promising results from rock chip samples containing lithium, nickel, copper and gold at its Narndee and Wyemandoo prospects near Mt Magnet in WA. The company is now planning a round of detailed mapping and drilling to run the samples to ground. Results include high-grade rubidium and highly anomalous lithium, with the best results 0.8 per cent rubidium and 0.81 lithium.

ASX listed Emu NL has hit several stunning gold mineralised quartz vein intercepts from a reverse circulation drill program at its lode-gold style Gnows Nest project near Yalgoo in WA. Significant intersections include 2m at an impressive12.62 grams per tonne gold from 121m that hosted a 1m section grading an even more impressive18.57 grams per tonne gold.

Metal Hawk is onto a new high grade massive sulphide nickel strike in WA after a one metre hit went 5.89 per cent nickel from its maiden drilling campaign at the company’s Berehaven nickel project just east of Kalgoorlie. The high-grade intercept at the Commodore prospect has confirmed a new greenfields nickel discovery and the company is now set to unleash the drill rig to test its extents.

Torian Resources has extended its Mount Stirling gold system a further 280m southeast beyond the previous resource boundary with mineralisation now intersected over 1,040m along strike. The company has now increased the known gold mineralisation at various prospects across multiple gold domains. The drilling campaign is in full swing and the company says it has negotiated faster turnaround times for new assays.

Novo Resources’ aggressive exploration approach to its extensive 14,000 square kilometre land holding in WA’s Pilbara goldfields is turning up a slew of impressive shallow, high-grade intercepts. The latest round of drilling at the Talga Talga project has coughed up a striking 3m intersection going 25.5 g/t gold from 28m and 3m at 23.3 g/t gold from 11m.

ASX-listed Horizon Minerals has released a new mineral resource estimate for its Kalpini project about 65 kilometres northeast of Kalgoorlie-Boulder in WA. The revised resource weighs in at 1.87 million tonnes grading 2.33 grams per tonne for 139,000 ounces of the precious yellow metal. Kalpini is one of six key satellite gold deposits that underpins Horizon’s proposed flagship Boorara gold production hub about 15km east of Kalgoorlie.

ASX-listed Venture Minerals’ Tasmanian tin search continues to pay dividends with drilling at its Mount Lindsay project intersecting 11m of sulphide-rich skarn. The latest discovery follows the company’s recent success targeting extensions of the Renison mine sequence that coughed up a 16m interval of sulphide-rich magnetite skarn located some 12 kilometres along strike from the world-class Renison Bell tin mine.

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX.

Empire Energy has massively boosted its Beetaloo Sub-basin oil and gas resources in the Northern Territory following a strategic takeover of Pangaea Ltd and EMG Northern Territory’s acreage in the basin. Empire trebled its gas resource and increased its liquids resource by 3,000 per cent when it pounced on Pangaea and EMG’s ground. The Beetaloo is believed to hold the largest undeveloped gas resource in Australia.