Public Company News

Estrella Resources says it is sizing up Great Boulder Resources’ high-grade gold discovery along trend from and immediately to the south of its Carr Boyd nickel discovery north of Kalgoorlie. Estrella says its field team is weighing up the latent potential of its project area around Carr Boyd for gold after Great Boulder’s stock quadrupled in the last month based on its gold discovery.

PolarX has been quick to get more samples to the lab after previous samples from its Humboldt Range project in Nevada threw up some crazy grades including 3,384 g/t gold and 2,837 g/t silver. The company says it is now eagerly awaiting assays from the new samples which it says are progressing well through the system.

Western Australia gold producer, Wiluna Mining Corporation continues to demonstrate powerful exploration upside at the historic Wiluna gold centre east of Leonora with results of a 2D seismic survey highlighting large prospective structures outside the existing central 4.26-million-ounce resource envelope. Ongoing drilling has meanwhile added to the immediate enticing production picture, with more high-grade hits to be fed into a new 2021 resource update.

More shallow high-grade drill hits continue to highlight the resource extension potential at emerging WA gold developer Bardoc Gold’s 1.7-million-ounce Aphrodite gold deposit north of Kalgoorlie that cornerstones the 3.07m ounce Bardoc project the company is moving towards a 2022 production start. The drilling underlines the latent prospectivity of Bardoc Gold’s large land position in the middle of the prolific Kalgoorlie-Menzies area.

Altech Chemicals continues to power through its pre-feasibility study in Germany that is looking to firm up the economics of building a plant that can make use of Altech’s high purity alumina coating technology. The company has now secured space for a research and development facility adjacent to a 14-hectare site in Saxony where it has extended an option over the site as it completes engineering and marketing studies for the plant.

Indiana Resources has signed a native title mining agreement that paves the way for an expansion of its exploration activities across a major mineralised shear structure at its Central Gawler Craton gold project in SA’s venerated Gawler Craton region. The company will now be able to test a bevy of “high-priority” prospects within its massive project landholdings, one of which has already returned bonanza gold drill intersections.

Impact Minerals has secured a shot at what it sees as a “walk-up drill target” at Doonia in Western Australia’s Eastern Goldfields after being granted tenure over an area covering an impressive 3km-long porphyry target near Lefroy’s promising Burns copper-gold discovery. The company is now planning first-pass exploration at the project and expects to kick off drilling in the second half of 2021.

Surefire Resources has returned another impressive batch of wide, high-grade gold intersections from a follow-up reverse circulation drilling program at its exciting Yidby Road gold discovery in Western Australia. The stand-out drill hit from five holes assayed so far is 44m at 2.77 g/t gold from 149m including 3m at 26.47 g/t from 150m and 5m at 6.27 g/t from 177m.

Things just got interesting for Podium Minerals at its Parks Reef platinum group metals project in WA. Five prior drill holes have been re-assayed for a full suite of PGMs and delivered materially higher grades of rhodium and iridium than previously reported Some assays went as high as 1.35 grams per tonne rhodium and 0.70 g/t iridium. Follow-up drilling is now underway.

Active junior gold and copper explorer Native Mineral Resources will move forward with diamond drilling to test for depth extensions of high-grade surface quartz vein gold at Music Well, north of Leonora, after securing a $68,000 Western Australia government grant. Recent sampling has returned some bonanza grade results including one going over 100 grams per tonne gold.

ASX-listed King River Resources has confirmed previously reported output of high-purity alumina at purity levels greater than 99.99 per cent from its Speewah Dome project in WA’s Kimberley region via recently conducted assay tests. The Perth-based company says the high-purity alumina batches were produced by calcining high-purity precursor materials purified by its refining process from an industrial chemical feed stock material.

Neometals has tabled an impressive pre-feasibility study on the proposed production of high-purity vanadium pentoxide from high-grade vanadium-bearing steel making by-products or slag in Finland. The company says its vanadium recovery project is tipped to generate total free cash flows before tax of $US764 million or almost $A1 billion at an average of about $US72.7 million a year across an estimated plant operating life of 10.5 years.