Public Company News

Radiopharm Theranostics has been given the nod of approval by the United States Food and Drug Authority to use its brain cancer-fighting technology in late-stage trials, with a first patient expected to be dosed later this year. The company’s “F18-Pivalate” agent is designed to seek out and define a fatty acid that is overexpressed in brain tumours, but not in normal cells.

Gold Mountain has defined several new drill targets at its Down Under project in Brazil following the completion of extensive scout stream sediment sampling and 85 line kilometres of radiometric surveying. While 800 stream sediment samples have been collected to date, only 25 per cent of the results have been returned, with about 61 of them revealing strong potential for high-grade, monazite-hosted rare earths-niobium-uranium-scandium mineralisation.

Thunderbird Resources has confirmed it has settled on a drilling contractor as it prepares to launch into a new campaign next month at its Hidden Bay uranium project in northern Saskatchewan in Canada. The program at the operation that sits about 20km to the south-east of the prolific Rabbit Lake Mine, is expected to comprise five diamond drillholes for a total of about 2400m.

Mining technology business K2fly has delivered a 20 per cent boost to its annual recurring revenue, with new sales and contract renewals driving the key performance metric from $7.5 million in the fourth quarter of FY23 to $9 million in the fourth quarter of FY24. Cash receipts from customers of $4.6 million also jumped by 28 per cent during the same period.

Aurum Resources says it has obtained outstanding gold leach results exceeding 93 per cent recovery in recent metallurgical testwork on 50 samples from its Boundiali BDT1 target in Côte D’Ivoire, West Africa. Samples selected for 24-hour cyanide bottle-roll leach tests were drawn from diamond core at various stages of oxidation and across a range of gold grades expected in routine open pit mining.

In a significant move poised to bolster the immediate direction of its multi-mineral pursuits, White Cliff Minerals has secured well-known mining mogul John Hancock as a strategic advisor to its board. The company has engaged the son of Australia’s richest woman Gina Rinehart as it gears up for a substantial expansion of its project portfolio during the next year.

Triangle Energy’s hunt for onshore oil and gas at its Booth prospect in Western Australia’s North Perth Basin has stepped up a gear, with spudding of its Booth-1 well anticipated at the end of this month and drilling expected to begin in about 10 days. The company is targeting a vast 279 billion cubic feet resource at Booth.

Lycaon Resources has completed a crucial heritage survey for its multi-element Stansmore carbonatite project in Western Australia’s West Arunta region, marking a significant step towards drilling. The clearance relates to three priority drill targets at the company’s Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold and it is now eyeing a drilling program later this year.

A surface rock chip sample revealing 137.7 grams per tonne gold and 10.6 per cent copper at Latitude 66's Peräpohja Schist Belt Project (PSB) project in northern Finland has provided management with a tantalising new glimpse into what treasures may lie beneath. The company says its latest results have affirmed multiple ice flow gold-copper mineralisation trends extending up to 2km.

In this week’s edition of Bulls N’ Bears Big Hits, we examine some of the notable drill intersections revealed on the ASX, including Santana Minerals’ impressive 48m slice at 5.8g/t gold from 167.3m in New Zealand. We also take a close look at other interesting drill hits from last week as reported by Predictive Discovery, Venture Minerals and DevEx Resources.

This week’s Bulls N’ Bears Runner of the Week is … the ASX itself. The ASX 200 hit an all-time high of 8083.7 points, indicating to investors that there may just be green shoots and blue skies ahead. Small-cap companies that ran hard during a promising week included DGR Global, Labyrinth Resources, Miramar Resources and Stelar Metals.

Buxton Resources’ mission to deliver battery anode concentrate material from its Graphite Bull project in Western Australia’s Gascoyne region has gained momentum after recent drilling hit multiple new zones of high-grade graphite. The company says substantial graphitic core zones are visible in the first hole from the new campaign as its confidence builds in relation to its chances of delivering significant resource growth.