Public Company News

ASX-listed PharmAust appears to have made a breakthrough in its fight to combat canine cancer with a “phase IIb” trial of its Monepantel anti-cancer drug reportedly achieving tumour regression and increased progression-free survival in dogs. The company says the results could have significant implications for human cancer treatment and it will now fast-track to phase-three animal trials.

Ora Banda Mining has rattled off an impressive slew of high-grade drill results from the Iguana satellite gold deposit about 55km south of its Davyhurst gold production hub, 120km north-west of Kalgoorlie. Some of the stand-out intersections were 2m going at 13.6 g/t gold from 136m, 4m at 7.9 g/t from 68m, 9m at 7.6 g/t from 181m and 4m at 7.6 g/t from 84m.

Kairos Minerals has launched an aircore drilling program at its Kangan project 70km south of Port Hedland in WA’s Pilbara region as it looks to uncover an intrusion-hosted gold deposit similar to the exciting 6.8-million-ounce Hemi gold discovery only 20km to the north-west. The company’s latest round of drilling will be aimed at testing a “sizeable” gold anomaly that straddles major regional structures.

ASX-listed Infinity Lithium Corporation has signed a non-binding memorandum of understanding with LG Energy Solution for supply of lithium hydroxide from its proposed San Jose project in Spain. LGES is a major South Korean manufacturer of lithium-ion batteries. The San Jose project is seen as an important component in the EU’s progress towards a vertically integrated lithium-ion battery supply chain.

ASX-listed Zuleika Gold is nearing the halfway mark of a major drilling campaign at projects in the historic mining camps of the Kundana and Menzies goldfields, with results set to start flowing for more than 100 aircore and reverse circulation holes at its flagship Paradigm East project just east of ASX gold major Northern Star Resources’ Paradigm mine.

ASX-listed Calidus Resources has kicked off a round of confirmatory diamond drilling at its high-grade Blue Spec satellite underground gold deposit, which has the potential to increase annual production from its under-construction Warrawoona gold mine in WA’s East Pilbara region. The company says it will plug the diamond drilling results into a planned definitive feasibility study on Blue Spec, which lies about 75km from Warrawoona.

Barton Gold has hit the boards this morning, listing on the Australian Securities Exchange after closing its initial public offering early. The successful IPO has delivered more than $15 million into the aspiring miner’s coffers to fuel an accelerated exploration and development program across its strategic ground holdings in South Australia’s famed Gawler Craton.

Heavy rare earth price tailwinds are strengthening as Northern Minerals kicks off two months of resource drilling at Browns Range in WA’s north. The drilling, and certainly pricing, will be vital factors in new economic projections for commercial-scale beneficiation at one of the world’s most advanced "heavy" rare earths ventures. Dysprosium has surged 50 per cent since last November and terbium pricing is also heading northwards.

88 Energy has confirmed the presence of hydrocarbons in core samples at depths that showed good oil flows during drilling of the Merlin-1 well at its Peregrine project in Alaska. The company is targeting a gross mean prospective resource of 645 million barrels of oil from the well. Geochemical analysis to better understand the quality of oil and its migration pathways continues.

Indiana Resources is set to begin probing the depths of its Minos gold discovery in South Australia, with diamond drilling scheduled to kick off later this week. The company says earlier rounds of shallow reverse circulation drilling have set the stage for the upcoming program, which will delve into the roots of the gold-rich system that has already returned assays of over half an ounce per tonne.

ASX-listed Si6 Metals has defined a 2.5km-long geophysical anomaly coinciding with shallow historical drilled copper-silver mineralisation at its 60 per cent owned Dibete prospect in Botswana. The past drill hits included 38m at 1.72 per cent copper and 119.5 grams per tonne silver. Si6 Metals is looking to pin-point base and precious metal targets for drill-testing.

ASX-listed Troy Resources has edged closer to bringing its 288,000-ounce Smarts underground gold deposit into production at its 100 per cent-owned Karouni project in Guyana. The company has been granted approvals from the Guyana Geology & Mines Commission to enable it to advance work on Smarts as it finalises a series of technical reports on the proposed development.