Public Company News

White Cliff Minerals says it is now the single-biggest holder of mineral exploration claims in Canada’s Northwest Territories after it was granted new licence approvals for the province’s Radium Point project. The company is focussed on iron oxide-copper-gold-uranium deposits and silver mineralisation in the area that hosts the historical Eldorado, Echo Bay and Contact Lake mines.

Valor Resources has ticked off a second item from its targeted triad of lithium targets in Canada’s booming Thunder Bay area in Ontario after completing its acquisition of the Jesaulenko project. Valor’s 100 per cent acquisition of Jesaulenko comes just days after it also grabbed the nearby Frazer Lake lithium project and an 80 per cent share of the Hook Lake uranium play in Saskatchewan.

Lithium Universe has secured a prime location for its proposed battery-grade lithium carbonate refinery in Canada after executing an option agreement to purchase a commercial property in the province of Quebec. The location for the facility is between Quebec City and Montreal at the Bécancour Industrial Waterfront Hub, with heavyweight engineering firm Hatch to undertake a comprehensive study for the refinery’s design.

ABx Group is confident its subsidiary Alcore will achieve substantially-enhanced fluorine recovery after incorporating new equipment to deliver the ideal feed particle size for its reactor to handle. The company is awaiting results from a fourth phase of testwork after a ball mill and an ultrasonic vibrating screen were used to prepare a narrower range of particle sizes for feed material.

King River Resources is set to kick off a new drill campaign at its Tennant Creek East project in the Northern Territory as part of a $2 million commitment to hunt for high-grade copper-gold this year. Drilling will target the promising Commitment, Langrenus and Providence prospects, all in proximity to several head-turning copper-gold drill intersections recorded in recent years in the highly-regarded Tennant Creek region.

88 Energy is poised to launch into the critical flow-testing phase for the Hickory-1 well at its Phoenix project in Alaska after commissioning its rig and finishing off the construction of its ice pad. With joint venture partner Burgundy Xploration contributing its share of the costs, testing is expected to start within the next 10 days once the rig mobilisation is completed.

In an exclusive interview with Bulls N’ Bears, international stock-trading entrepreneur Jim Mellon has boldly predicted a vibrant third lithium wave for global markets. Mellon says, “now is a great time to be loading up on lithium”, despite the price for the silvery-white metal going into something of a hibernation in the back part of last year.

Octava Minerals has the drill bit primed for a maiden nickel-copper-cobalt exploration program at its Yallalong project in Western Australia’s Mid West region, as part of a strategic collaboration with the CSIRO – the nation’s premier science agency. The campaign will test several significant anomalies identified through the CSIRO’s Kick-Start program, an initiative designed to assist innovative Australian start-ups and small-to-medium enterprises.

Strickland Metals’ aggressive gold hunt in Western Australia is steaming ahead at full pace, with its recent air-core drilling program highlighting consistent hits in a newly-defined 750m zone at its Yandal project near Wiluna. The company says bottom-of-hole intercepts indicate a new structure west of its highly-promising Dusk til Dawn prospect that contains an inferred resource of 109,000 gold ounces.

Lindian Resources has revealed high-grade rare earths running up to 7.15 per cent TREO at its enormous Kangankunde project in the African country of Malawi following a geological mapping and sampling campaign. The company says its most recent work shows that outcropping carbonatite prospects both north and south of the project are highly mineralised with rare earths.

This week’s Bulls N’ Bears profiled ASX runner is … Prodigy Gold. Its share price rose 125 per cent to join fellow movers and shakers American Rare Earths, Dateline Resources and Way2Vat.

Valor Resources has secured an 80 per cent share of the highly-prospective Hook Lake uranium project in Canada, just two days after acquiring the 83sq-km Frazer Lake lithium play across the country in Ontario. Hook Lake is in the Athabasca Basin in northern Saskatchewan – a region that has become widely known as being the world’s leading producer of high-grade uranium.