Public Company News

Globe Metals & Mining has released a barnstorming feasibility study on the proposed development of its Kanyika niobium project in Malawi in south-eastern Africa. The study foreshadows a cracking total EBITDA figure for Kanyika of US$3.74 billion across an initial mine life of 23 years. It follows hot on the heels of the recent formal granting of a mining licence covering the project by the country’s Mines Minister.

ASX-listed junior explorer Aruma Resources is on the cusp of a maiden reverse circulation drill program at its Mt Deans lithium project about 10km south of Norseman in Western Australia. The Perth-based company says it plans to put down 12 RC holes for an aggregate drilling coverage of about 1,000m starting next month, following the recent completion of a requisite comprehensive flora and fauna survey.

Strickland Metals has launched an aircore campaign at the Horse North prospect at its Horse Well gold project on the north-eastern flank of the Yandal-Millrose greenstone belt in WA’s north-eastern Goldfields. The 10,000-metre drilling program will be focused largely on a three-kilometre section of the regional Celia shear zone that hosts the nearby resource for the multi-deposit Horse prospect of just over 148,000 ounces of gold.

ASX-listed Venture Minerals is on the verge of shipping its first iron ore from its Riley mine in north-west Tasmania having chartered a bulk carrier vessel that will transport the ore in early September. The milestone achievement comes after the mine reached steady state production enabling enough ore to be generated for continuous haulage to the Port of Burnie for export.

Torian Resources has wasted no time kicking off a follow-up RC drilling program at its Mt Stirling gold project in WA after scoring a couple of encouraging drill hits from the “Diorite Block” section of the project. The company intends sinking a further 12 holes totalling 1,230m into the Diorite North and Diorite East prospects, which recently coughed up assays of 1m at 4.66 g/t gold from 109m and 1m at 2.19 g/t from 8m respectively.

ASX-listed PolarX has detected three large, high-grade, gold-in-soil anomalies at its Black Canyon claims within its Humboldt Range Project in Nevada, USA. The company has turned up some promising soil samples assaying up to a serious 793 parts per billion gold, rock-chip samples going an impressive 43.8 g/t gold and an 86.1 g/t silver.

Aspiring Balkans precious and base metals developer Adriatic Metals has produced a humdinger of a definitive feasibility study that is knee deep in “exceptional” key financial metrics. The study points to a potentially lucrative mining operation at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. The London-based, multi-listed company’s latest study improves on what was already a cracking pre-feasibility study on the project.

ASX-listed Galan Lithium is ready to get the rods turning at its Hombre Muerto West project in South America’s prolific “Lithium Triangle” following confirmation of the next round of drilling permits from the local government body in Catamarca, Argentina. The planned drilling is designed to assess new resources and maiden reserves at Hombre Muerto West.

ASX-listed Neometals’ and its joint venture partner, mega German engineering firm, SMS Group have made the decision to fund a commercial scale lithium-ion battery recycling plant in Germany. The partners joint venture vehicle, Primobius GmbH intends to expand its demonstration plant in Germany and build up operational capacity to provide a 10 tonne per day battery disposal recycling service by early 2022.

St George Mining has lit up a strong new conductor amongst a conga line of conductors identified at its flagship Mt Alexander project in Western Australia. The stand-out conductor is located the company’s West End prospect within the Mt Alexander project along the Cathedrals mineral belt The company is confident that drilling of the target will likely deliver another high-grade discovery.

Barton Gold is all set to hit the go-button on a first phase of drilling at its Tunkillia gold project in SA after its requisite environment protection and rehabilitation plan was approved by the state’s mining department. The phase-one program will comprise about 6,000m of RC drilling as the company looks to continue broadening its geological knowledge of the project’s fertile terrane in the Gawler Craton region.

Podium Minerals continues to deliver strong platinum group metal intercepts from a resource expansion drilling campaign at its 100 per cent owned Parks Reef project near Meekatharra in Western Australia. A suite of solid new hits appears to place the company in good stead to grow the existing resource which clocks in at 1,390,000 ounces of combined platinum, palladium and gold.