Public Company News

Ora Banda Mining is on track to deliver an updated mineral resource estimate at its Riverina gold system near Kalgoorlie this month after positive results from phase 1 drilling at the site. Assay highlights from exploration at the company’s Main Lode East prospect showed some impressive grades including a 2m hit at 49.8 grams per tonne gold from 163m.

West Perth-based gold explorer DiscovEx Resources says assay results from its air-core drilling at the company’s Spartan prospect at its Edjudina project in WA’s Eastern Goldfields have confirmed bedrock gold mineralisation, generating three high-priority drill targets. The company believes it has also discovered significant gold within transported overburden and now plans to determine the connection between the bedrock and transported gold.

Perth-based company and USA focused explorer American West Metals has posted a maiden resource for its multi-commodity base metal West Desert deposit in Utah which the company says continues to illust

WA-focused explorer Infinity Mining has been granted a five-year extension for an exploration licence that constitutes the largest component of its Hillside gold-copper-lithium project that lies over the Coongan Greenstone Belt in the Pilbara. Hillside covers almost 400 square kilometres and is located roughly 50km south-west of Marble Bar and 185km south-east of Port Hedland.

White Cliff Minerals has generated numerous targets after completing detailed geophysical surveys looking for rare earth elements at its Yinnetharra lithium and rare earths project in the world-class Gascoyne province of WA. The company says it has uncovered multiple strong and discrete thorium anomalies, which are well-known pointers to rare earths mineralisation in the region.

Kairos Minerals’ flagship 1.1-million-ounce Mount York Pilbara gold project looks set for a serious growth spurt after high-grade gold intersections below the existing resource over much of the strike length paves the way for an increase. Best results include 5m at 4.25 g/t gold from 73m, 7m going 3.35 g/t from 172m and 8m at 3.67g/t gold from 185m. The Mount York project is located in the emerging Pilbara Craton gold region of WA.

Valor Resources has identified four priority drill targets for its 2023 field season at the company’s Cluff Lake uranium project in Canada in the world-class Athabasca Basin, home to many of the world’s richest uranium mines. The Perth-based explorer describes two of the project’s four prospects as walk-up drill targets and they have been prioritised for drill testing later this year.

Galan Lithium has secured 100 per cent ownership of the Candelas lithium brine project in Argentina, only 40kms from its developing Hombre Muerto West project. The company has completed the payment for the final instalment of a options agreement. A preliminary economic assessment completed in late 2021 tabled a stunning set of numbers that shows its Candelas project will make $270m a year for 25 years for a net present value of $1.76b.

Lithium Australia has entered into a binding agreement to sell its 30 per cent share in the Lake Johnston lithium project to Charger Metals as the company concentrates on its battery recycling portfolio. The agreement will see Charger take 100 per cent control of the project to the west of Norseman in WA and grants Lithium Australia first right of refusal for offtake of up to 30 per cent of lithium produced at the site.

West Perth-based and WA-focused explorer Terrain Minerals has started what the company expects to be a very busy year with boots on the ground at its Smokebush gold project in WA’s Yalgoo minerals field. Two programs at Smokebush spearhead a major exploration and drilling campaign across its portfolio of projects with the ultimate objective a maiden mineral resource within 12 months.

Altech Chemicals believes the commissioning of its Silumina lithium-ion battery anode pilot scale plant in Germany is destined for the third quarter of 2023. The plant will be scaled up to a 10,000 tonne per annum production facility for which a Definitive Feasibility Study is progressing in tandem with the plant’s construction. The company is racing to meet the demand of the white-hot battery technology market.

Coda Minerals is putting the finishing touches on a scoping study for its Elizabeth Creek copper project in South Australia with final test work currently underway before the report’s expected release in April. The company says it has now completed work to assess all material inputs into the pending study up to the point of production of a copper-cobalt concentrate from a centrally located on-site flotation plant.