Public Company News

Aurum Resources is edging towards exploration on its Ryans Find gold project north-east of Southern Cross after completing a two-day on-site heritage clearance survey alongside the land’s traditional owners – the Marlinyu Ghoorlie Native Title Claimant Group. Management says drilling at its deposit will be scheduled once a report from the heritage consultants, Fremantle-based Terra Rosa, has been reviewed.

Lindian Resources has inked a supply deal with a new partner flush with cash. The company has revealed a six-year agreement with C&D Logistics, which will see it supply 23 million wet metric tonnes of bauxite from its Gaoual project in Guinea. Kicking off in 2025, the supply agreement requires annual negotiation on price, quantity, product quality, payment terms and delivery details.

Diversified metals explorer Venture Minerals has wasted no time in kick-starting its new JV project in Western Australia’s Mid West region, signing a contract with drillers for a maiden drill program to test the extent of the clay-hosted rare earths mineralisation at its Iron Duke deposit. The program will complement a drill program organised for another recent rare earths acquisition, Brothers.

Northern Minerals has been awarded $5.9 million as part of the Australian Government’s Critical Minerals Development Program. Management says the funding will go towards key work programs at its Browns Range rare earths project in Western Australia’s East Kimberley region, including resource definition drilling at its Wolverine deposit, advanced front-end engineering and design and early work activities.

Reach Resources says it has confirmed high-grade copper-oxide mineralisation at its Morrissey Hill project in Western Australia’s Gascoyne region after gleaning results of up to 33.2 per cent copper from recent rock-chip sampling. The impressive results were from the company’s Swallowtail prospect from an outcropping quartz‐veined gossan that shows visible malachite through a strike length of about 150m.

White Cliff Minerals has acquired the Mineral Fields, Soak Sands and Border Exploration companies in a deal that brings 12 projects prospective for rare earths and iron-oxide-copper-gold deposits into its fold. The projects cover 2562sq km in Western Australia – from Jerramungup to Wanna Lakes near the South Australian border and up to the Three Rivers-Ashton Hills projects east of Carnarvon and south of Newman.

Askari Metals has continued its “aggressive” lithium hunt in Namibia, with its drills revealing new lithium-bearing pegmatites with widths of up to 112 metres. The company is now using mapping to help identify further targets for examination across two unexplored tenements in a bid to collect benchmark data for its next phase of exploration.

Strickland Metals says a maiden diamond drilling program at its Iroquois project in outback Western Australia has produced “fantastic” zinc results, providing a timely boost after being unable to access its site due to bad weather. It is reporting high-grade zinc mineralisation hits, with a headline figure of 4.3m going 27 per cent. Unsurprisingly, a follow-up drill program is planned.

Octava Minerals has started drilling at its Pinnacle Well prospect in an area in Western Australia’s Pilbara region known as “lithium elephant country”. Drilling at the prospect, 10km north of the Archer deposit that has resources of 18 million tonnes at 1.0 per cent lithium oxide, will test a significant lithium anomaly, including a 1.5km pegmatite showing visible lithium mineralisation.

Auric Mining has officially begun production at its Jeffreys Find project after receiving the green light from the Department of Mining, Industry Regulation and Safety, with its first gold pour expected in July. It started work immediately after getting approval for its full open-pit mine at its project near Norseman. The drill and blast of the first 5m bench is already completed.

Could Legend Mining finally be poised to unearth a nickel monster from the renowned Fraser Range? Management has lined up its strategic ducks and has the drills ready to explore two key targets at its Octagonal prospect, 250km east of Kalgoorlie. The company believes results from a combination of seismic data, an induced polarisation survey and 3D audio magnetotellurics survey has changed its game.

Western Australian-based minerals explorer Terrain Minerals is priming its drills at its Smokebush project in the State’s Mid West region after gold and copper-nickel anomalies were discovered in a “highly-successful” field program. The discoveries were made at the company’s Larin’s Lane target where a maiden exploration program unearthed a new 700m-by-250m gold anomaly that management says is ready for air-core drilling.