Public Company News

ASX-listed Venture Minerals remains on course to make the first iron ore shipment from its revitalised Riley iron ore mine in Tasmania during the current quarter. The Perth-based company says commissioning of Riley’s key wet screening plant is expected to kick off within a couple of weeks as various stages of the construction phase near completion.

ASX-listed Lithium Australia is looking to secure another place in the burgeoning battery metals business as it plans to spin out its non-core assets into a new IPO to be known as Charger Metals. The company will retain a 30 per cent stake in Charger ahead of its proposed listing on the ASX.

Eclipse Metals is homing in on a potential high-grade, near-surface silver deposit at Rock Hill in the Northern Territory, with analysis of the historical exploration revealing the presence of a melting pot of metals including both copper and zinc. However, the star of the show looks to be silver with intercepts grading at an astounding 2,288 grams per tonne.

Aspiring gold miner Horizon Minerals appears to have nailed its drilling campaign at the Peyes Farm prospect just 10km northwest of Kalgoorlie in WA’s Goldfields. Numerous high-grade hits have been returned including a 4-metre interval going a whopping 18.17 grams per tonne gold. A resource estimate update is anticipated for the June quarter this year.

Anglo Australian Resources continues to build an impressive ensemble of gold discoveries at its Mandilla project in WA. The company’s latest batch of results have delivered broad intercepts of gold mineralisation from infill drilling over the Mandilla East Main Zone including an eye-catching 83 metres grading 1.47 grams per tonne gold from 96m down-hole.

ASX-listed gold explorer, Kingwest Resources continues to deliver the goods at the Menzies project in the Goldfields of WA. Recent extensional and infill drilling has returned a suite of high-grade results outside the existing mineral resource including 4 metres going 7.7 grams per tonne gold. Interestingly, some holes hit gold outside the pit shell design from the recent scoping study.

ASX-listed gold explorer, Sihayo Gold has shifted its drilling focus to the under-explored high-grade epithermal vein Sihorbo prospect at its Hutabargot Julu gold-silver project in North Sumatra, Indonesia. The Brisbane-based company recently kicked off a 10-hole program totalling 2,200 metres at the exciting target on the western side of the project area to follow up on a clutch of historic high-grade gold hits.

Indiana Resources has headed straight into its second round of drilling in South Australia’s Gawler Craton. The company is set to plough 6,000 metres of drilling into the gold-rich Lady Labyrinth Shear in the coming weeks, where recent exploration over the Minos prospect has returned a stream of outstanding intercepts including a stellar 38 metres at 6.54 grams per tonne gold from only 29m down-hole.

Deep Yellow’s captivating Barking Gecko discovery in Namibia continues to grow with recent drilling showing the hard-rock uranium ore system continues at depth. Drilling across the prospect area has returned a quiver of mineralised intercepts, including 14 metres at 404 parts per million uranium oxide which included 4m at 1,067 ppm uranium oxide from 81m metres down-hole.

ASX-listed gold explorer, Okapi Resources has received regulatory approvals to kick off a maiden RC drilling program at its recently acquired historic Enmore gold project in NSW’s New England Fold Belt next month. Enmore includes two walk-up drill targets known as Sunnyside and Bora that have already yielded high-grade gold values from historic drilling and rock chip sampling work carried out by previous owners.

Emu NL is stalking a gaggle of new targets at its Sunfire nickel-copper project near Bridgetown in WA. The project hosts a suite of mafic-ultramafic intrusions similar in nature to Chalice Mining’s heralded Julimar discovery. The Yornup Mill prospect already boasts an extensive, drill-ready nickel-copper anomaly that currently extends over more than 1,500 metres of strike.

Venus Metals has continued to rack up high-grade gold hits along the down-plunge extension of the Link target at its joint-ventured Youanmi gold project near Mount Magnet in WA’s Goldfields region. One of the best assays from the latest batch of RC drill results returned 4m at 7.2 g/t gold from 131m. Another notable hit at Link was 4m at 2.7 g/t gold from 164m downhole.