Public Company News

ASX-listed Aurumin is set to continue its search for lithium at its Mt Palmer project in the Goldfields after being named a successful applicant for the WA Government’s Exploration Incentive Scheme. The explorer has executed an agreement with the Department of Mining, Industry Regulation and Safety, through its subsidiary Aurumin Mt Palmer, to receive up to $150,000 in direct drilling and mobilisation costs.

DiscovEx Resources’ JV partner, Carnaby Resources, continues to rack up high-grade copper hits at the duo’s Burke & Wills discovery near Mt Isa in Queensland, pulling up 12m averaging 2.4 per cent copper from 126m. Drilling continues at the evolving copper find, with results set to feed into a maiden mineral resource estimate for Carnaby’s Greater Duchess project slated for the third quarter of this year.

Octava Minerals’ joint venture partner Future Metals, which operates their Panton North project in WA’s Kimberley region, is set to start exploration drilling on an interpreted extension of the neighbouring 5-million-ounce Panton platinum group metals deposit. Mineralisation was previously traced up to the tenement boundary. Drilling will also target soil and rock anomalies at Panton West, within the joint venture’s ground.

Allup Silica has polished off a 26-hole maiden air-core drilling program at its wholly-owned Pink Bark project, 110km from Esperance in Western Australia. The 421-metre campaign was chasing silica sands and other potential clay-hosted rare earths, with holes drilled to an average depth of 16.5m. Management is expecting results towards the end of next month.

Empire Energy Group has been given the green light to seek production approvals for its gas projects in the Beetaloo sub-basin – a game-changing moment for the area’s development of the vast resource. The company says finalisation of the NT Government’s new industry regulations sets the scene for gas production approval in the region, including for its EP187 Carpentaria pilot project.

Askari Metals will accelerate lithium exploration at its Uis project in Namibia after meeting the conditions for $2.5 million in strategic equity investment by global battery materials supplier Huayou International Resources. Huayou will subscribe for 4.5 million fully-paid ordinary shares in Askari at an issue price of 55 cents per share. Askari has a current share price of about 40c, offering a healthy premium.

Emu NL has enlarged its mineralised footprint in the heart of Esperance’s rare earths region after rock chips returned results of up to 1242 parts per million total rare earth oxides (TREO) from its latest reconnaissance survey. Management says fieldwork from outcropping Booanya suite granites has revealed high-value magnet rare earth oxides averaging about 22 per cent of TREO grade from 28 rock-chip samples.

Infinity Mining will kick off a maiden 1700m RC drilling program at its Brisbane nickel-chromium prospect in the Pilbara in early June. The company will drill 10 holes across its ultramafic basal contact target where previous rock chips returned up to 0.764 per cent nickel and 0.892 per cent chromium and also where electromagnetic survey returned a prominent conductive target that may represent nickel sulphides.

Globe Metals & Mining has ticked off a 10-tonne sample from its Kanyika niobium project as part of a plant feasibility study in Malawi. Management says it will be used to design a pilot plant, a testwork program and for commercial grade offtake samples. Globe recently became the first to sign a Mining Development Agreement with the Malawian Government for the advancement of its project.

Meeka Metals has bumped its total Murchison gold project resource up to 12.7 million tonnes at 3g/t for 1.215 million ounces of gold after revealing an initial oxide gold resource from its St Anne’s deposit. The St Anne’s resource of 270,000 tonnes at 2.8g/t gold for 25,000 ounces will be included in the company’s Murchison prefeasibility study to be released in June.

Aruma Resources has produced lithium concentrate from early metallurgical testwork at its Mt Deans project, 10km from Norseman in WA. Floatation has recovered 80 per cent of the lithium into 25 per cent of the mass with capture of tantalum, tin, potassium, rubidium and caesium giving the prospect of valuable additional by-products. Further testwork is to be undertaken with fresh outcropping pegmatite samples.

Infinity Mining is gearing up for its first East Pilbara drill campaign for 2023 after receiving cultural heritage clearance from the Nyamal Aboriginal Corporation to explore its Hillside nickel-copper project. The company has appointed iDrilling Australia to kick off a nine-hole RC program to test surface geochemistry and anomalies highlighted in a 2018 air-borne electromagnetic survey.