Public Company News

Lindian Resources continues to deliver extraordinary results from its drill campaign at its Kangankunde rare earths project in Malawi, with assays reading up to a massive 14.9 per cent total rare earth oxides (TREO). The impressive grade was recorded in a 1m section from 79m that formed part of a bigger 85m hit at 3.35 per cent TREO from surface.

Northern Minerals has extended the mineralisation of its flagship Wolverine deposit following solid assays from the company’s recent diamond drilling program at its Browns Range project in northern Western Australia. Assay highlights show a 17.6m intercept at 1.96 per cent total rare earths oxide (TREO) from 589m, including a 9.94m hit going 3.27 per cent TREO from 589m.

WA’s Gascoyne region is emerging as one of the State’s newest lithium hotspots with local exploration heavyweights snapping up prime locations in the hunt for valuable EV mineralisation. Delta Lithium hit the headlines last year with its Yinnetharra project and more recently, Minerals 260 crashed the party by grabbing 1700sq km of tenements near Delta’s northern lithium project.

Infinity Mining is narrowing in on a host of precious and base metal targets at three of its key projects in Western Australia’s Pilbara region following analysis of four recent electromagnetic surveys at the sites. The company now has seven priority targets under investigation after it designed surveys to detect conductors related to volcanogenic-hosted massive sulphides and magmatic nickel-copper mineralisation.

Quantum Graphite’s half-owned joint venture company has gained original equipment-manufacture intellectual property rights to The Sunlands Co.’s thermal energy storage battery cell. The cell is being aimed at revolutionising the grid-connected energy storage market by using long-duration energy storage techniques. Quantum says the JV company’s name will be changed from Quantum Sunlands Partnership to Sunlands Power.

The third and final batch of assay results from ChemX Materials’ 2023 drilling campaign at its Jamieson Tank manganese deposit on South Australia’s Eyre Peninsula have landed, including a headline 16m hit going 17.9 per cent manganese from 17m. The results will help bolster a maiden mineral resource estimate for the Perth-based high-purity critical materials company.

Brightstar Resources has extended its 252,000-ounce Cork Tree Well gold deposit, 30km north of Laverton, with 6000m of RC drilling giving best results of 10m at 4.54 grams per tonne gold from 192m, including 2m at 17.23g/t and 13m grading 1.83g/t from 143m. An updated resource estimate will inform mining feasibility studies due for delivery by the middle of the year.

American West Metals has been buoyed by visual analysis of its five latest RC drill holes sunk at the company’s Storm copper project in Canada that show thick copper-sulphide intercepts. The explorer says its initial phase of drilling is designed to define maiden JORC resources within the 4100N, 2750N and 2200N zones where high-grade copper mineralisation starts from surface.

Askari Metals has sealed a $2.5 million strategic equity investment by global battery materials supplier Huayou International Resources, with the funds to be used to turbocharge lithium exploration at its Uis project in Namibia. Management says it has issued Huayou 4.5 million fully-paid ordinary shares at an issue price of 55 cents, in addition to 1.5 million free attaching options.

Everest Metals has kick-started its latest 40-hole, 1000m drilling campaign at its Mt Edon LCT project, 5km from Paynes Find in Western Australia’s Mid West region, as it chases recently-observed underground pegmatites. Management says its latest deep-ground penetration radar work lit up a host of geophysical pegmatite targets, which it now plans to explore along with other previously-identified lithium, caesium and tantalum pegmatite structures.

Venture Minerals has continued its recent splurge on rare earths by signing a joint venture agreement designed to deliver the diversified metals explorer a majority stake in Sentinel Exploration’s Iron Duke project. Iron Duke is Venture’s third acquisition in Western Australia’s Mid West region in the past month. The company says it will get the drill bits spinning later this month.

A pancreatic cancer treatment developed by ASX-listed Radiopharm Theranostics has been granted crucial orphan drug designation by the United States Food and Drug Administration just weeks before clinical trials begin. The approval is for the company’s patented RAD301 integrin technology that aims to assist with the imaging and treatment of patients with pancreatic ductal adenocarcinoma.