Public Company News

Kalgoorlie Gold Mining has extended the gold mineralisation of its La Mascotte prospect near Kalgoorlie in the Goldfields region of WA at depth following positive results from its latest RC drilling campaign. The fresh assays from the company’s phase 4 drill program at the site will be used to table a maiden resource estimate that is expected to be released this quarter.

Lindian Resources is one step closer to 100 per cent ownership of its Kangankunde rare earths project in Malawi after completing the second tranche payment of $US7.5 million to former owner Rift Valley Resources. The latest figure is the second of four tranche payments with the third amount due in August this year and the fourth set for August 2026. The first portion of $US2.5 million was paid in August last year. Lindian agreed to pay Rift Valley a total of $US30 million for the project across the four tranches with $US20 million remaining.

Multi-commodity explorer CZR Resources has closed the book on a memorable 2022 after tabling several highlights in its December activities report including a monster 83 per cent increase in the tonnage of its Robe Mesa iron-ore deposit in the Pilbara region of WA. The asset now tips the scale at 45.2 million tonnes and retains its 56 per cent iron grade despite the massive inventory boost.

Chimeric Therapeutics has dosed its first patient in its phase 1B trial that is the first of its kind to test NK cells in combination with chemical compound Vactosertib in patients with advanced colorectal and blood cancers. The trial will be based on the company’s CHM 0201 off-the-shelf cell platform that successfully demonstrated safety and efficacy during clinical trials completed at the Seidman Cancer Centre in Ohio last year.

ASX-listed Horizon Minerals has banked a cool $1.3 million in cash by divesting its interest in explorer Kingwest Resources via an off-market sale process. The company now plans to inject the funds, topped up with existing cash reserves into a host of new exploration programs across its core, WA-based gold assets over the next few months.

Infinity Mining has been granted a five-year extension to its exploration licence for a key tenement that forms part of the company’s Hillside project about 50km south of Marble Bar in WA’s Pilbara region. The company says the site is highly prospective for shear-hosted gold systems, ultramafic intrusive related nickel-copper and pegmatite hosted lithium deposits.

Everest Metals Corporation has entered into a tenement sale agreement to wholly acquire two gold-prospective exploration leases southwest of Paynes Find in WA known as the Ninghan project. The asset takes in a 228 square kilometre ground position and is in an area with a host of operations in the one million-ounce club including Minjar Gold’s namesake play and Kirkalocka Gold’s nearby property.

ASX-listed Image Resources has extended its gold mineralisation at the company’s Erayinia-King project to the north after receiving solid assay results from its latest drill campaign at the site near Kalgoorlie. The explorer and minerals sands miner says the recent infill program recorded significant gold intercepts in the central section of the northern mineralised zone that had previously seen limited drilling exploration.

Godolphin Resources’ looming resource update at its Narraburra rare earths project in NSW has received a boost after assays from a maiden, 27-hole drill campaign highlighted mineralisation outside of the known system. Eight drill holes delivered intercepts beyond the current threshold including a 21m at 1163ppm total rare earth oxide strike from 17m, suggesting the company could have a much larger inventory on its hands.

ABx Group’s 83 per cent owned subsidiary, Alcore has received an initial $3.3 million of an almost $7.6 million grant to support the development of an aluminium bath recycling plant at Bell Bay in Tasmania. The funding forms part of the Federal Government’s Modern Manufacturing Initiative and will also be used to support the ongoing construction of a similar pilot plant on NSW’s Central Coast.

Green energy metals explorer Octava Minerals has entered into a farm-in joint venture agreement that enables fellow explorer Future Metals to earn up to 70 per cent in Octava’s Panton North and Copernicus North nickel, copper and platinum-group metals projects in the East Kimberley. Octava will be free-carried through to a decision to mine and will receive about $600,000 in Future Metals shares.

Askari Metals has recorded significant copper and gold results from a maiden drill program at its Horry project in the Kimberley region of WA and identified numerous follow up targets for a second phase of exploration. The company completed 29 RC drill holes for 2096m that confirmed multiple mineralised deposits at its Horry Horse gold target and Mt Dockrell copper prospect.