Public Company News

Venture Minerals has cranked up the drill rig at its massive Mount Lindsay tin-tungsten project in Tasmania as it targets a potential high-grade repetition of the deposit. Mount Lindsay is one of the world’s largest undeveloped tin projects and with a number of tin mines across the globe entering their twilight years end-users are starting to scrabble for new supply.

ASX-listed Latitude Consolidated has successfully shaken the tin for about $6.7 million in a strongly supported capital raise as the gold explorer looks to build on a very encouraging review of a ton of historical drilling and exploration data stemming from its recent Murchison gold project acquisition in WA’s fertile Murchison Goldfields.

Horizon Minerals has racked up a score of high-grade gold hits from an aircore and reverse circulation drilling program at its Windanya gold project that straddles the prolific Bardoc Tectonic Zone about 45km north of Kalgoorlie. The discovery aircore hole at the project’s Scorpio prospect returned 3m at 6.44 g/t gold from 3m including 1m at 9.71 g/t from 3m and 1m at 8.04 g/t from 4m.

Classic Minerals’ customised gold plant is on its way to the company’s 404,000-ounce Forrestania gold project south of Southern Cross in WA, where final environmental approvals attached to its granted mining lease for 100 per cent-owned Kat Gap are now awaited. Classic expects to have Kat Gap’s native vegetation clearance permit and approved final mining proposal documentation in its hands within three months.

WA manganese producer, Element 25 has sold the first parcel of manganese concentrate from its new Butcherbird mining and beneficiation operation in the Pilbara to offtake partner OM Materials, a wholly-owned subsidiary of ASX-listed, Singapore-based vertically integrated manganese and ferroalloy group OM Holdings Ltd. The manganese concentrate grade of 30-35 per cent and the level of impurities meet contract specifications as agreed under their offtake agreement, Element 25 says.

Hot WA mid-west precious metals explorer Podium Minerals is on track to post an updated shallow resource next month for its promising Parks Reef project south-west of Meekatharra after drilling confirmed continuity of platinum group metal mineralisation over a 15km targeted strike length. The company, whose share price has climbed more than 500 per cent since the start of 2021, is also stepping up deeper resource drilling.

Coda Minerals has landed a $75,000 grant from the South Australia Government, which may prove timely as it ramps up exploration at its Elizabeth Creek project in the state’s Olympic Dam copper province. Coda’s new funding comes courtesy of the Accelerated Discovery Initiative and will be used for an airborne electromagnetic survey over its Emmie Bluff copper discovery.

Smart aged-care and healthcare technology developer InteliCare, in conjunction with the University of Sydney and Macquarie University, has been awarded a $100,000 grant by the NSW Smart Sensing Network to further develop the company’s machine learning product for predicting risks associated with chronic deterioration in the elderly.

Eclipse Metals has locked in a four-year extension to its exploration licence at the Ivittuut cryolite and rare earth project in Greenland, with heavily reduced minimum expenditure commitments for the first year. The extension follows amendments to the previous licence made by the newly elected Greenland Government. A program of work for 2021 has been submitted with approval expected in July.

Okapi Resources continues to zero in on gold drill targets at its Mount Day prospect in Western Australia. Infill soil sampling has confirmed the presence of a 1,500m-long, cohesive gold trend that is consistently returning anomalous precious metal values and the company is now preparing to drill test the target in the latter half of this year.

ASX-listed 88 Energy has returned evidence of oil from down hole sampling of the recently drilled Merlin-1 well at its Peregrine project in Alaska. Observations of fluorescence on side-wall cores under UV light have also identified multiple horizons showing the presence of oil. Peregrine lies along trend to recent nearby discoveries in the Nanushuk formation.

WA manganese producer, Element 25 has nailed down a multi-user access agreement with the Pilbara Port Authority that allows the company to ship manganese concentrate from its Butcherbird mining and beneficiation operation through Port Hedland’s Utah Point bulk handling and loading facility. Element 25 has been commissioning a new processing plant at Butcherbird and recently produced its first concentrate.