Public Company News

PolarX has tabled a treasure trove of high-grade gold and silver results from the first-pass sampling program at its Humboldt Range project in the western United States, with several samples returning assays grading over an ounce to the tonne gold. They include assays of 37.7 grams per tonne gold, 31.2 g/t gold and a stunning 1590 g/t silver.

Todd River Resources has hit the ground running with exploration over its Berkshire Valley project north of Perth defining anomalous nickel, copper and PGE mineralisation over more than 8 kilometres of strike. Recent geophysics have also added some more colour to the picture, with moving loop electromagnetics detecting an anomaly associated with a key geochemical target.

Novo Resources has received a further cash instalment totalling $5 million from fellow aspiring East Pilbara gold producer, Calidus Resources for the staged sale of the uber high-grade historic Blue Spec gold mine and surrounding leases. Calidus now has 25 per cent of the project and if it moves to 100 per cent, Novo will pick up a handy $19.5 million in total.

Australian Bauxite is hoping for a clear run this year after its development activities were curtailed at its advancing Sunrise “metallurgical-grade” bauxite project in Queensland due to pandemic-related travel restrictions in the December quarter. The company did manage to notch up a major milestone late last year having lodged a mining lease application for the proposed development of a bauxite mining and beneficiation operation.

Mining software-as-a-service provider, K2fly will buy the software assets developed by an offshoot of Wesfarmers subsidiary, CSBP in an all-scrip deal that will see CSBP emerge as the major shareholder of K2fly with just over 10 percent of its register. The deal, which involves K2fly picking up the business assets of CSBP offshoot, Decipher Mining, is valued at $3.7 million.

Surefire Resources is set to ramp up its exploration across WA, with the multi-metal explorer looking to begin realising the true value in its diversified project portfolio. Whilst the company’s Yidby gold project has stolen the limelight in recent months, Surefire is also keen to launch into exploration over its nearby Perenjori iron ore project and the Kooline silver project in WA’s Ashburton region.

Estrella Resources is tapping into the deeper potential of its Carr Boyd nickel discovery in WA, with drilling intersecting a broad zone of sulphide mineralisation at around 590 metres down-hole. The drilling confirms the down-dip extensions to the previously intersected mineralisation, with other recent intervals including 3.7m at 1.14 per cent nickel and 0.74 per cent copper from 516.8m down-hole.

With more than 20 million ounces of historical gold production, the Zuleika Shear west of Kalgoorlie is tiger country and Dampier Gold would appear to have the tiger by the tail. The company is about to plough 30,000m of targeted air core and RC holes into its gaggle of gold projects around the Goldfields region that are headlined by the Zuleika gold project.

White Cliff Minerals has unearthed some encouraging copper results from an extensive soil sampling program at its early-stage Midas copper-gold project in WA’s revered Paterson Province. The company says its maiden reconnaissance program comprising just over 500 samples identified a 3km long copper-bearing structural corridor containing around three dozen copper hits of above 830 parts per billion under transported cover.

Calidus Resources has tied up the remaining 30 per cent interest in eight exploration tenements and three application areas surrounding its rapidly developing Warrawoona gold project in a deal with co-owner and fellow Pilbara gold developer, Novo Resources. The final consideration for Calidus to lock up 100 per cent-ownership of the ground was a one per cent net smelter royalty across the tenements payable to Novo upon production.

A week after new US President Joe Biden sent a shudder through the petroleum sector by temporarily halting future oil & gas property leasing, Australia’s 88 Energy is preparing to commence a critical drilling campaign on its already secured leases on Alaska’s prolific North Slope. The company is ticking all the boxes as it prepares to spud the first well at its exciting Project Peregrine.

Gold hopeful, Kingwest Resources has turned in the first assays from its inaugural aircore drilling campaign at the Goongarrie gold project and they have not disappointed. The initial report card reads well with one of the best hits returning a stellar 38m at 3.1 g/t gold from 62m, including 6m at 17.2 g/t from 94m downhole. The project sits almost on the main highway between Kalgoorlie and Menzies.