Public Company News

Neometals says it has discovered visible spodumene, the major hard-rock source of lithium, under ultraviolet light in historic diamond core from its Spargos exploration licence, which straddles the prospective Mt Ida fault, north/north-west of Norseman in Western Australia. No modern or older lithium assays are available, but resampling and verification work is underway on selected old core retained by the company.

Javelin Minerals will acquire high-resolution aeromagnetic and radiometric data covering its Mt Ida-Ida Valley tenure near Leonora to help charge its hunt for precious and base metals, lithium and rare earths. It says much of its ground is proximate to the gold-rich Ballard Fault, Delta Lithium’s newly-discovered gold and lithium occurrences and the lithium, precious and base metals activities of St George Mining.

Strickland Metals has intercepted promising shearing and alteration in four diamond holes completed at its Marwari gold play near Wiluna in Western Australia, with a fifth hole in progress at the company’s intriguing new focus ground. It follows revelations 10 days ago that it had suddenly redirected all reverse-circulation and diamond drill rigs to Marwari, sending its share price on a tear.

Reach Resources believes it edging closer to proving up a fractionated, lithium-bearing pegmatite system at its Bonzer prospect that sits within its 100 per cent-owned Morrissey Hill lithium project in Western Australia’s Gascoyne region. Assays from the first 4500m of phase-one drilling suggest the holes hit a halo of lower-grade mineralisation with encouraging geochemistry and the company will now double down on its lithium search.

Askari Metals is building a contiguous, district-scale lithium tenure spanning 1711 square kilometres in Western Australia’s East Pilbara region, 100km east/north-east of Pilbara Minerals’ massive 4.75 million tonne Pilgangoora lithium-oxide resource. The infrastructure-rich area is highly prospective for LCT-bearing pegmatites and the company has three exploration licence approvals imminent. Management is now poised to activate a follow-up lithium exploration campaign.

ChemX Materials has nailed the vital “4N” (99.99 per cent) product purity in alumina from its trial micro-plant in Perth and is now refocusing on the commissioning of its proposed pilot plant in next year’s first quarter. It confirmed 4N in an analysis of 66 elements, with a best result of just 39ppm total impurities (99.996 per cent purity) – close to 5N.

The Spanish Government has boosted Infinity Lithium’s coffers with a cash-ringing endorsement of $31 million for its 75 per cent-owned San José lithium project as the limelight intensifies on the battery metal’s supply chain. The grant funding was awarded to company’s wholly-owned Spanish subsidiary, Extremadura New Energies, which plans to develop an underground mine at the deposit.

This week’s Bulls N’ Bears profiled ASX runner is … Imugene. Its share price jumped more than 212 per cent to join other impressive companies including Krakatoa Resources, TechGen Metals and GreenTech Metals.

In an exclusive interview with Bulls N’ Bears, international stock-trading entrepreneur Jim Mellon has opened up on a remarkable business life that now includes a major shareholding in Australia’s Dart Mining. From the university halls at Oxford to buying $2 million worth of share vouchers on the streets of Russia in just one day, Mellon has an extraordinary tale to tell.

Twigger’s Tales (aka Argonaut Deputy Chair Liam Twigger) talks “corporate governance” and the brow-furrowing list of boxes the modern day non-executive director has to tick before the shareholder even gets a look in.

Battery materials recycler Neometals says purification testwork on its pilot proprietary “ELi” lithium production process removes more than 97 per cent of brine feed-source impurities, creating a solution suitable for electrolysis. The company says the level of purification in the clean brine solution meets the specification required for the electrolytic stage in its majority-owned and trademarked ELi process.

Lycaon Resources has set a new focus on what it believes is a “fertile nickel copper system” at its Bow River project in Western Australia’s East Kimberley region after diamond drill samples threw up visible nickel-copper sulphides. The company says results from a third of its latest samples showed more than 300ppm nickel, with peaks of 742ppm nickel and 744ppm copper.