Public Company News

After locking in a couple of major project acquisitions that consolidate its foothold on the north-eastern flank of the Yandal-Millrose greenstone belt in WA’s north-eastern Goldfields, Strickland Metals has cranked up a systematic initial exploration campaign across its expanded ground position. The company’s current gravity survey and surface geochemical programs will pave the way for 100,000m of aircore drilling and 30,000m of reverse circulation drilling.

ASX-listed explorer Victory Mines has extended the length of the gold-copper mineralised trend at its Coogee project near Kalgoorlie in Western Australia to 1km, with latest drilling results including 8m at 3.03 grams per tonne gold and 0.37 per cent copper from 124m in the “Eastern Trend” area. Assay results from other holes remain pending as the recently commenced drilling program motors on.

ASX-listed Altech Chemicals has officially opened an advanced battery materials research and development centre in Germany, where it is seeking to construct a battery materials high purity alumina coating plant. The company is ticking along with a pre-feasibility study into the venture as it looks to fast-track its coating technology to full-scale commercialisation.

Barton Gold has launched a “phase two” drilling campaign at its brownfields Tarcoola gold project in SA designed to follow up on a string of earlier high-grade gold hits. The company says last year’s RC drilling at Tarcoola encountered multiple southern and down-dip extensions of the Deliverance target beneath the former Perseverance mine and also led to the discovery of the shallower Perseverance West gold zone.

Strickland Metals has sewn up the acquisition of strategic ground-holdings abutting its flagship Horse Well gold project in WA that increases its footprint in the Yandal greenstone belt in the north-eastern Goldfields. The company completed the deal to purchase a 75 per cent stake in the Yandal East gold project tenements from Renegade Exploration for a consideration of 40 million new Strickland shares and $800,000 cash.

ASX-listed junior precious and base metals explorer Godolphin Resources is set to kick off a follow-up reverse circulation drilling program at its high-priority Lewis Ponds project in the New South Wales Lachlan Fold Belt region’s Lachlan Transverse Zone next week following encouraging gold sniffs from an initial round of resource definition diamond drilling.

ASX-listed Galan Lithium is consolidating its position in South America’s prolific “Lithium Triangle”, executing a binding option agreement with a private Argentinian landholder to earn a 100 percent interest in the Casa Del Inca III lithium brine tenement. The land package strategically abuts Galan’s Hombre Muerto West project. A further 900 hectares is also available under the agreement.

Infinity Lithium is edging closer to producing battery-grade lithium hydroxide from its 75 per cent owned San Jose lithium project in Spain with feasibility study metallurgical testwork advancing to the final “crystallisation” stage of the planned process flow sheet. Infinity recently entered a memorandum of understanding with leading lithium-ion battery producer, LG Energy Solutions, on potential long-term supply of battery-grade lithium hydroxide.

Element 25’s maiden shipment of manganese concentrate from its Butcherbird operation in WA has left Port Hedland, marking a stunning development pathway to production time frame of a little over a year from an initial PFS to exporting first commercial ore. The company’s first load of about 27,000 tonnes of manganese concentrate aboard a Handymax-size vessel departed Utah Point bulk handling facility yesterday.

Venus Metals and joint venture partner Rox Resources appear to have confirmed significant open-pit mining cost savings for the proposed shallow, high-grade Grace gold deposit near Mount Magnet in Western Australia’s Murchison district. Grace forms a part of the duo’s 1.66-million-ounce Youanmi gold resources that the partners are looking to bring into production.

AVZ Minerals has unveiled a 41.6 per cent increase in the proved and probable ore reserves for the centrepiece Roche Dure deposit at its monster Manono hard-rock lithium and tin project in the DRC. Reserves now stand at 131.7Mt at average grades of 1.63 per cent lithium oxide and 990 g/t tin, up from 93Mt at 1.58 per cent lithium oxide and 988 g/t tin.

ASX-listed Infinity Lithium says the Spanish government has approved a “historical funding package” of €4.3 billion through to 2023 aiming to transform the nation into a European electric vehicle production hub. Infinity is looking to provide critical raw materials for production of lithium-ion batteries used in electric vehicles from its 75 per cent owned San Jose lithium project in Spain.