Public Company News

Impact Minerals has cranked up the drill rig in NSW South Wales with the company poised to pepper its massive porphyry copper-gold target at Apsley in the Lachlan Fold Belt. Recent exploration has defined a massive 4 square kilometre copper-gold surface anomaly, with subsequent geophysical surveys confirming the prospectivity of a sub-surface porphyry and lighting up the emerging target.

ASX-listed aspiring iron ore miner, CZR Resources has set in motion preparations for a definitive feasibility study on the proposed development of its 85 per cent-owned Robe Mesa iron ore project 150km south-west of Karratha in WA’s Pilbara. The company has kicked off a raft of studies and surveys designed to facilitate the pillar processes required to obtain environmental and mining approvals for the project development.

ASX-listed 88 Energy has the drill bit spinning at its Merlin-1 exploration test site as the Alaskan oil hopeful looks to cash in on recent spectacular success by other oil explorers in the neighbourhood around its ground. 88 Energy spudded the Merlin-1 test well yesterday with 14 days of drilling now needed to reach the target reservoir in the oil-rich Nanushuk formation.

Blackstone Minerals looks to be defining a pair of new, massive sulphide deposits in northern Vietnam, with drilling at both its King Snake and Ban Chang nickel discoveries hitting good numbers. First-pass drill programs over the prospect areas have thrown up a grab bag of solid nickel-copper hits that the company will look to build into its growing resource inventory over the coming months.

Surefire Resources has kicked off a major follow-up drilling campaign at its exciting Yidby Road discovery in WA. The latest RC program comprising up to 40 holes for around 6,000m comes after the company unveiled a clutch of spectacular, thick intersections from its maiden round of drilling. One stand-out prior drill hit was a whopping 56m intersection at 1.97 g/t from 44m including 4m at 14.47 g/t.

Eclipse Metals has unveiled data modelling which shows a wealth of cryolite and fluorite mineralisation just below the pit floor at its Ivittuut project in Greenland. Data mining points to a blanket of mineral-rich ore that lies 20 metres below the historic open pit, with old drill intercepts showing up to 10.7 metres of mineralisation at an eye-catching 55 per cent cryolite and 22.1 per cent fluorite from only 29.54m down-hole.

Lithium Australia subsidiary, VSPC has secured an Australian patent in support of its proprietary process for producing phosphate-based battery cathode materials for lithium-ion batteries that it says can be achieved at a considerably reduced cost. VSPC has simplified its processing technology for the manufacturing of lithium metal phosphate battery cathode powders over the past two years, paving the way for the use of a wider range of raw materials as feedstock.

TNT Mines is gearing up for a major drilling program aimed at probing a couple of walk-up drill targets at its brownfields Warriedar gold project 50km north-west of the historic high-grade Paynes Find gold mine in WA. Warriedar takes in the old, high-grade Reids Ridge gold mine, where the Perth-based company plans to sink 40 holes for an aggregate drilling coverage of 5,000 metres.

Wiluna Mining’s development strategy across its multi-million-ounce gold operation in WA is continuing to pay dividends, with drilling at Golden Age producing a bag of high-grade intercepts, running as high as 47 grams per tonne gold, whilst the nearby discoveries at Starlight and Essex begin to take shape.

Legend Mining has stepped up its hunt for nickel at the Rockford Project in WA’s Fraser Range. An aggressive 10,000m diamond drilling campaign marks the start of the 2021 field season with one rig already feeling the dirt at Legend’s Mawson prospect in the revered Fraser Range. A second rig is due next week as the company begins to smash out the metres at Mawson.

ASX-listed Impact Minerals has racked up a bunch of fresh platinum group--copper-nickel drill hits across its shallow prospects which make up its aptly named Platinum Springs project, not far from the Broken Hill township in western NSW. Drilling at Plat Central returned one wide intercept of 32m at 0.7 g/t 3PGE from just 3m below surface, including 3m at a healthy 5.4 g/t PGE, below 76m.

ASX-listed gold and base metals explorer, Middle Island Resources is planning to demerge its Barkly copper-gold project in the NT with the aim of creating a separately listed entity on the ASX. The move, designed to unlock greater value in its wholly owned subsidiary that houses the 4,411sqkm of Barkly tenement holdings in the East Tennant mineral district, remains subject to shareholder approval.