Public Company News

New zones of massive to semi-massive nickel-copper sulphides have been picked up in two recently drilled holes at Legend Mining’s Mawson nickel-copper-cobalt prospect in Western Australia’s Fraser Range. The intercepts 200m north and west of previous drilling continue to expand “the 3D footprint of the mineralised intrusive” at the key Rockford project area, according to Legend.

ASX-listed Si6 Metals is set to shift its gold exploration activities at the Monument project in WA’s Laverton gold district into higher gear via commencement of a 125-hole air-core drilling campaign. A scheduled mineral resource update for its Korong and Waihi prospects is also just around the corner. Si6 says new gold anomalies have been defined at Monument and drill-target generation work is set to intensify.

Lithium Australia says it will maintain exposure to a triumvirate of quality exploration projects via a joint venture with Charger Metals, which plans to list on the ASX in July on the back of a $6 million IPO set to open this week. The lithium battery player will also emerge as the major shareholder in the new company post-capital raise.

Fresh from an interim updated mineral resource estimate for its Mt Stirling gold project about 40km north-west of Leonora in WA, Torian Resources continues to rack up multiple shallow, high-grade gold hits that are set to further expand the Mt Stirling deposit. The Perth-based junior explorer says it has only “scratched the surface” at the project, with a wealth of high-priority targets to be followed up.

ASX-bound Barton Gold is set to close the door early on its initial public offering after receiving more than enough subscriptions to fill the $15 million capital raising. The company says the offer gained strong support from both Australian and overseas institutional investors and got a very warm response from the Australian retail sector.

WA gold producer, Ora Banda Mining has returned a clutch of high-grade drill results from the Golden Eagle underground mine, one of a series of satellite gold deposits lined up to feed the company’s Davyhurst gold processing plant about 120km north-west of Kalgoorlie. Stand-out diamond drill intersections were 19m at 5.4 g/t gold including 11.1m at 8.9 g/t, and 5.8m at 15 g/t.

WA focused explorer, Emu NL has identified two new high-grade gold shoots at the Gnows Nest gold project, together with a new gold zone at the adjoining Monte Cristo prospect from recent drilling near Yalgoo in the Murchison. Drilling to follow-up a suite of eye-catching results including 3m going 42.17 grams per tonne gold is now on the cards.

ASX-listed Okapi Resources has snapped up a tenement containing the historical Maggie Hays Hill gold workings and abutting its Mount Day project in the Lake Johnston greenstone belt in WA. The new ground takes in an interpreted structural target and coincident gold in soil anomaly together with the old workings, which have yielded historical rock chip values up to 10.7 grams per tonne gold.

ASX-listed Buru Energy has moved tantalisingly close to drilling for oil in the immense Canning Basin in the Kimberley region of WA. Mobilisation of the rig for drilling of the Currajong 1 well has now commenced, with a second well, Rafael 1, to follow. Buru is targeting more than 97 million barrels of conventional oil from the two wells.

Blackstone Minerals has served up high recovery rates from hydrometallurgical testwork on platinum group elements from its Ta Khao project in Vietnam. The stellar returns going 94 per cent palladium, 80 per cent platinum and 81 per cent rhodium appear to boost the company’s plans to achieve by-product credits and reduce costs of supplying nickel-cobalt-manganese to lithium-ion battery markets.

Bardoc Gold continues to kick goals at its 1.7-million-ounce Aphrodite gold deposit in WA, with recent drilling returning a quiver of high-grade gold hits that sit outside the current ore reserve and pit design. Results come from the newly discovered Omega lode include 14 metres at 7.63 grams per tonne gold from 106m and 5m at 3.99 g/t gold from only 67m down-hole.

Rock chip samples from PolarX’s Black Canyon claims in Nevada have given up some spectacular silver grades and impressive gold values. Some silver assays were above 1,000 grams/tonne, or more than 32 ounces to the tonne silver. The samples come from Nevada’s Humboldt Range.