Public Company News

ChemX Materials has started building a maiden resource foundation with impressive first assay results from drilling at its South Australian deposit, including a 6m hit grading 18.5 per cent manganese from 9m. The company says it has now received data from 39 holes of its 94-hole campaign, which targeted the high-grade manganese that can be efficiently converted to high-purity manganese for the electric battery market.

Altech Batteries has unveiled a stunning first look at its cutting-edge Silumina Anodes pilot plant in Germany after completing the construction of its laboratory, power supply and wet-circuit infrastructure. The company’s patented high-capacity and high-purity alumina-coated silicon and graphite anodes are designed for use in lithium-ion batteries. Its pilot plant is due to be scaled up to a 10,000 tonnes per annum production facility.

WA-focused explorer Kairos Minerals has become a multi-listed trader after joining the United States’ OTCQB venture market. The company started trading at market opening on April 6 under the ticker “KAIFF”. Created in 2010, the OTCQB is the middle tier of the over-the-counter market for US shares. The company says the move will provide exposure to US investors without impacting its ASX listing.

Auric Mining has drilled widespread sulphides and quartz veining over a 500m-long trend around an intensely-worked alluvial gold mine at Miitel South, near the abandoned WA town of Widgiemooltha. The best result in assays from three RC holes was 2m at 2.84 grams per tonne gold from 39m. It was part of a zone of widespread quartz veining and disseminated pyrite.

Xanadu Mines has begun a massive 30,000m, four-rig infill diamond drill campaign at its Kharmagtai copper-gold project in Mongolia, with results set to support the company’s upcoming prefeasibility study. The aim of the exploration program is to update the current open-pit mineral resource areas to an indicated category and deliver a maiden ore reserve estimate for the operation.

Venture Minerals has unveiled hopes of supplying boron to global markets after identifying large-scale borate-hosted tin and boron zones throughout its Mount Lindsay skarn mineralisation system in northern Tasmania. Venture appraised 102 historic diamond drill intersections to identify borate tin-boron zones not previously assessed in any mining studies at Mount Lindsay. Boron is critical in the solar panel and electric vehicle industries.

Lithium Australia is one step closer to bringing its lithium ferro phosphate cathode powder pre-qualification plant to reality after results from independent testing confirmed its product proved more stable than the two leading commercial brands. The combination of commercial grade graphite and LFP demonstrated the potential to support long-lifetime cell designs. The testing was undertaken by NOVONIX Battery Technology Solutions as part of a customer joint materials selection program.

Kairos Minerals is poised to drill-test a recently discovered 1km long light and heavy rare earths anomaly which has produced early results going up to 553 parts per million total rare earths oxide. The pending RC drilling program at its Roe Hills project, 100km east of Kalgoorlie also includes some tantalising results for neodymium and praseodymium reaching up to 126ppm, heavy rare earth oxides grading up to 154ppm and light rare earth oxides running up to 420ppm.

Askari Metals has stepped up its aggressive exploration strategy across two tenements at its Uis lithium project in Namibia where it is targeting previously identified pegmatites. The dual RC campaign forms part of a recently expanded phase 1 program at tenement EPL 8535 from 3000m up to 4000m where it has pinpointed at least four different target zones.

Venus Metals Corporation subsidiary Redscope Enterprises will increase its net smelter royalty from the Youanmi Gold Mining leases to one per cent after signing a deal with St Claire Resources. Redscope currently holds a 0.7 per cent net smelter royalty for the Youanmi leases that will increase to one per cent following the completion of the deal with St Clair handing over its 0.3 per cent share.

ASX-listed Codrus Minerals has kicked off its maiden hunt for critical minerals with 2000m of RC drilling at its niobium-rich Karloning project in WA making the company a first mover to explore exclusively for rare earths in the area. After a successful reconnaissance exploration program last year, Codrus is keen to push deeper into the earth and test the potential of the Karloning project.

Superior Resources has confirmed the discovery of significant molybdenum mineralisation at its Bottletree prospect that forms part of the company’s Greenvale copper project near Townsville in Queensland. Recently received assay results from a drill campaign completed in December show impressive figures with a 6m intercept at 1.39 per cent molybdenum from 470m including a 1m section at an outstanding 5.2 per cent molybdenum from 474m.