Public Company News

Lindian Resources continues to pull impressive assays from its Kangankunde project in Malawi with the latest drill results highlighting a 3m hit at a whopping 15.6 per cent total rare earth oxides (TREO) from 69m. The high-grade intercept is contained within a larger 26m section grading 6.15 per cent TREO from 58m and includes a 1m segment at a head-turning 18.76 per cent TREO from 71m.

ASX-listed Neometals’ latest feasibility study into its Vanadium Recovery Project in Finland has shown a significant increase to the operation’s net present value compared to its preliminary investigations. The latest figures show a 40 per cent increase to pre-tax net present value up to $US323 million compared to $US230 million identified in the prefeasibility study completed in May 2021.

Strickland Metals will commence drilling at its Iriquois base metals project in WA’s Earaheedy Basin with a minimum of three diamond holes after the company developed a new geological model for the site. The campaign will target the site’s currently untested “feeder structure” to the zinc-lead mineralisation that the company believes could be enriched with silver and copper. Strickland’s latest modelling for the system suggests the potential for a much larger copper-zinc-silver-lead mineralisation than previously estimated.

Askari Metals has kicked off phase 2 drilling at a key tenement that forms part of its Uis lithium project in Namibia after an ongoing mapping and sampling program highlighted untested pegmatites at the site. The campaign began late last month and aims to investigate a number of recently discovered pegmatites reported to have visible lithium mineralisation at surface. Askari says the latest RC drill program will cover a minimum of 4000m with four holes already completed and assay results from phase 1 drilling expected in coming weeks.

Everest Metals will focus on a slew of conductor targets with a new deep drilling campaign at its Revere gold project near Meekatharra and along strike from Sandfire Resources’ DeGrussa copper-gold mine. The company says the upcoming campaign will aim to intersect volcanic hosted massive sulphide copper-gold mineralisation down to a depth of around 300m and similar in geology to the famed DeGrussa deposit.

Minerals explorer Surefire Resources has been buoyed by an impressive independent estimate which has at least doubled the amount of vanadium it has lurking in its wholly owned Victory Bore-Unaly Hill project. The company says the global exploration target estimate for the entire vanadium project is a whopping 682 million tonnes to 1.19 billion tonnes at 0.2 percent to 0.43 percent vanadium pentoxide.

Kalgoorlie Gold Mining has unveiled its maiden mineral resource for the company’s La Mascotte gold deposit near Kalgoorlie of 3.61 million tonnes at 1.19 grams per tonne gold for a total of 138,000 gold ounces. The modelled resource footprint measures 700m north-south by 500m east-west and 140m below surface. KalGold says the deposit remains open at depth at a cutoff grade of 0.6 g/t gold with recently identified targets offering an opportunity for resource growth.

Sydney-based oil and gas company Empire Energy Group is one step closer to production. The company has recently put its Carpentaria-3H well through its paces by testing flow pressure and now are sealing the off the well to increase those numbers and recovery over the life of the well. Empire has the largest acreage holding in the giant Beetaloo Basin gas province in Australia’s top end.

Venture Minerals has won the right to truck iron ore around the clock from its Riley mine to the port of Burnie in Tasmania after the state’s Supreme Court overturned all three grounds of a legal challenge. The initial challenge by the Tarkine National Coalition was directed at the Tasmanian Environment Protection Authority who had previously granted approval for 24-hour trucking movements from Venture’s Riley iron ore mine. 

Galan Lithium has kicked off a 2500m drilling program targeting lithium-bearing pegmatites. The campaign at its Greenbushes South lithium project is just 3km from the world-class Greenbushes lithium mine in WA. In August last year the company’s soil sampling and geophysical survey at the site uncovered a number of anomalies demanding further investigation.

Medical technology company Radiopharm Theranostics has entered into a binding agreement to acquire Pharma15 Corporation – a US-based company focused on therapeutic radiopharmaceuticals to treat prostate cancer. Pharma15 is developing products that aim to overcome resistance to prostate-specific membrane antigen targeting cancer therapies currently available or in late-stage development.

CZR Resources has its sights set on more resource growth at its Robe Mesa iron ore development in the Pilbara after acquiring an adjoining tenement to Rio Tinto’s Mesa F project from Fortescue. After acquiring the ground CZR has expanded its strike length of the company’s P529 deposit to 1.1km. The deposit is only five kilometres from CZR’s 45.2 million tonne Robe Mesa iron ore project.