Public Company News

Auric Mining is a step closer to a maiden gold pour from its Jeffreys Find project near Norseman, with the first 30,000 tonnes of gold ore set for processing once it is transported to Greenfields Mill in Coolgardie. The company says mining at the site has been ongoing for six weeks and it has secured triple road trains to haul its first ore to Coolgardie.

GreenTech Metals has extended its Kobe lithium prospect in the West Pilbara after receiving rock chip assays showing up to 1.8 per cent lithium oxide, confirming it is onto a consistent mineralised pegmatite zone more than 7.5 km long. The latest batch of assays backs–up the company’s reconnaissance sampling earlier in the year, which returned up to 1.65 per cent lithium oxide rock chips.

Infinity Lithium says its battery training and development programs offered through its subsidiary Extremadura New Energies have been declared a “strategic” qualification by the local regional government. The Extremadura Public Employment Service (SEXPE), part of the Regional Government of Extremadura, will now provide grants through public funding in coming months to advance the company’s training initiatives.

Kalgoorlie Gold Mining has gone 8 for 8, with all 8 rock chip samples recently submitted to the lab from a newly discovered outcropping gold vein at its Perrinvale project near Leonora showing some colour. The company tabled assays from its Pine Well North prospect within Perrinvale going as high as 4.08 g/t gold. Other higher grade results included 2.39 g/t and 1.88 g/t gold.

Venus Metals says it has identified a strong lithium anomaly at its Youanmi lithium project in Western Australia’s Murchison region that may indicate pegmatite-hosted lithium-caesium-tantalum (LCT) mineralisation. The discovery was made from a reconnaissance soil sampling program in an area not previously explored for LCT mineralisation where several pegmatite outcrops are located.

Alma Metals was up 70 per cent after tabling a resource upgrade at its Briggs copper project in Queensland that smashed through the million-tonne contained copper mark and added molybdenum for the first time to the tune of 28.6m pounds. Alma says Briggs has now clawed its way into the top 10 largest undeveloped copper plays in Australia in terms of contained metal.

Lindian Resources’ big punt that its rare earths deposit in Malawi could extend well below the existing 300m might just pay off after a second 1000m hole showed signs of potential mineralisation all the way down. The monster intersection will now be assessed by a wave of assays and the company will soon deliver its highly-anticipated maiden mineral resource estimate to the market.

Toro Energy says high-confidence laboratory results confirming massive nickel sulphides at its Dimma discovery in Western Australia’s Goldfields region are double the thickness previously modelled on x-ray fluorescence scoping data. Previously thought to be 2.4m thick, Toro says it now has 4.31m of massive and semi-massive nickel-sulphide grading 1.37 per cent nickel, 0.13 per cent copper and 0.539g/t tonne platinum and palladium from 332m.

Thick pegmatites, including one stretching more than 120m, have boosted St George Mining’s lithium search at its Mt Alexander project in WA, as it attempts to define a bigger lithium system. Management says its project confidence is growing after assay results from its recent drilling program at its Jailbreak prospect also confirmed multiple lithium-bearing pegmatites, with a peak value of 1.28 per cent lithium.

Terrain Minerals has kicked off a second round of reverse-circulation (RC) drilling for gold and lithium at its 100 per cent-owned Smokebush project in Western Australia. Management says its project features many promising exploration targets that it is testing in a rapid, methodical and systemic manner in its mission to make a company-defining discovery.

Shallow exploration drilling at Xanadu Mines’ Kharmagtai copper-gold project in Mongolia has uncovered the potential for new discoveries outside its existing mineral resource area. Management says its new work has validated its belief that Kharmagtai hosts undiscovered porphyry deposits as the company progresses its prefeasibility study and updates its resource, with a view towards production.

Valor Resources has entered into a binding agreement with Firetail Resources to offload an 80 per cent interest in its Peruvian copper assets for an upfront cash payment of $750,000 and 15 million shares in the junior explorer. The raised funds will be used to accelerate Valor’s uranium hunt in Canada’s world-class Athabasca Basin at a time of rising uranium prices and surging investor interest.