Public Company News

Tambourah Metals has identified further potential LCT-type pegmatites after analysing hyperspectral data from the company’s Russian Jack lithium project in WA’s Pilbara region. The analysis has lit up a number of features in similar orientations to known pegmatites at the project. In addition, Tambourah’s newly identified features lie within the Bonney Downs Monzogranite that is part of the Split Rocks Supersuite which is known for hosting pegmatites.

ASX-listed cell therapy innovator Chimeric Therapeutics has secured an exclusive global licence from a leading American research university for a promising cancer-fighting treatment. The treatment centres on “natural killer” cells that occur organically in the human body and can recognise and kill cancer cells. Chimeric says the treatment continues to show promise after a clinical phase 1 trial earlier this year.

Buru Energy is looking to end the year on a high following a flurry of activity across its WA-based oil and gas portfolio over the past few months including a successful November crude oil lift of 73,000 barrels which added $3.8 million to its bottom line. The deal marks the company’s third and final delivery for the year for a total exported volume of roughly 220,000 barrels.

After a round of infill drilling Blackstone Minerals has confirmed high grades of up to 4.3 per cent nickel, 4.73 per cent copper and 18.2 grams per tonne platinum group elements at the company’s Ta Khoa nickel project in Vietnam. The assays come from the company’s recently completed campaign of resource definition drilling at the project’s King Snake massive sulphide vein deposit.

ASX-listed Terrain Minerals is set for an exploration blitz across its wholly owned Lort River project near Esperance where the company is chasing clay-hosted rare earth elements. The company has engaged Cube Consulting to assist with a strategic exploration plan as Terrain looks to define a maiden resource at the site as soon as possible.

Estrella Resources has signed an offtake and ore processing agreement with Glencore subsidiary Murrin Murrin Operations for 2000 to 4000 tonnes of bulk metallurgical sample from its 5A nickel mine near Kambalda. The company says a positive process outcome from the bulk metallurgical sample will give Estrella a strong base from which to fully develop the 5A nickel mine using simple pit cutback methods.

ASX-listed Neometals has completed pre-feasibility study for production of titanium and iron-vanadium concentrate at its wholly owned Barrambie titanium and vanadium project near Sandstone, Western Australia. Results from the study confirm the viability of commercialising the project with the potential to supply in excess of 500,000 tonnes per annum of high-quality supply constrained ilmenite in the first 10 years of the project.

White Cliff Minerals has commenced a high-resolution magnetic and radiometric survey at its Yinnetharra lithium and rare earths project about 100km north-east of the Gascoyne Junction in WA. Previous rock chip sampling at the site has returned grades of up to 924 ppm total rare earth oxides and the in-progress geophysical campaign is aimed at refining and generating new targets at the site.

Shares in ASX-listed mineral explorer Emu surged 60 per cent during intraday trading after it lodged applications to extend its prospective Condingup project to an overall tenement area of 734 square kilometres. The company has also applied for another three new tenement packages in the broader area totalling a further 304 square kilometres. The latest land grab will substantially increase Emu’s exposure to rare earths by capturing more of the prospective Booanya granites.

Legend Mining’s board has got its boots on the ground at the company’s Rockford project in the Fraser Range to view field activities on-site including an ongoing 3D seismic survey of its Octagonal prospect. The company recently engaged hard rock seismic solutions company HiSeis to define the structure of the Octagonal intrusive complex at Rockford to a minimum depth of 1500m below the surface where it is targeting nickel-copper mineralisation.

Lindian Resources is off to a promising start with early samples from its maiden drill program at the Kangankunde rare earths project in Malawi showing continuous visible monazite from surface to current depth. The company says monazite is the rare earths bearing mineral Lindian is targeting at the project and mineralisation is consistent with expectations indicated from surface mapping.

Valor Resources has successfully deployed radon-in-soil surveys at its Hidden Bay uranium project and identified priority targets located close to the historic Rabbit Lake mine in the Athabasca Basin, Canada. The surveys were designed to follow up on prospective targets previously identified by the company. The area of interest is situated close to the Athabasca unconformity with the potential for both basement-hosted and Athabasca sandstone-hosted uranium deposits.