Public Company News

WA-focused explorer Kairos Minerals turbocharged the mineral resource of its Mt York gold project by 500,000 ounces to 49.24 million tonnes at 1.02 grams per tonne for 1.62 million ounces of gold. The company says its new numbers include a higher-grade component of 21 million tonnes at 1.5g/t for 1 million ounces and the mineralisation at its project remains open.

Reach Resources has confirmed the presence of lithium at its Morrissey Hill and Wabli Creek projects following a successful sampling program in WA’s emerging Gascoyne region. Samples from its Bonzer prospect that forms part of Morrissey Hill returned significant results, including one assay showing 2.3 per cent lithium oxide in addition to 4295 parts per million caesium, 705.8ppm tantalum oxide and 7978ppm rubidium.

Emu NL has discovered a new rare earths region in WA’s Great Southern town of Jerramungup, 450km south-east of Perth. Emu has revealed significant mineralisation from 20m to 52m thick and up to 1138 parts per million total rare earths oxide (TREO) within basement granitoids and adjacent clay zones in a five-hole drill campaign at project Viper. The longest intersection was 52m at 542ppm TREO.

Venture Minerals and SensOre have inked a farm-in agreement on the former’s Golden Grove North project, 450km north-east of Perth. SensOre can earn up to 70 per cent in all minerals, with the exclusion of rare earths, by spending up to $4.5 million. SensOre will utilise its proprietary AI technology at the project, where it has already highlighted lithium and copper potential.

Valor Resources has staked three new mineral claims covering 6.41 square kilometres in Canada’s world-class Athabasca Basin – two of which cover the historical Beatty River heavy rare earths project. Management says previous explorers tabled assays of up to 8.75 per cent total rare earths oxide, with up to 1.15 per cent dysprosium from trenching and surface sampling.

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.