Public Company News

Legendary former New Zealand national rugby team captain, Sean Fitzpatrick is about to become a regular at ASX-listed junior explorer, White Cliff Minerals. Fitzpatrick has been appointed as Strategic Advisor to the company in a deal that will see White Cliff pick up a slew of lucrative-looking gold projects in the land of the long white cloud.

ASX-listed budding gold producer, Calidus Resources says its Blue Spec high-grade satellite gold deposit is set to significantly boost annual production at its under-construction Warrawoona gold mine in WA’s East Pilbara region, following a Blue Spec “integration” study. According to the study, the company is now looking at forecast gold production averaging 110,000 ounces per annum across the first seven years of production at Warrawoona.

Indiana Resources is kicking its exploration efforts into high gear with an upcoming drilling blitz at the Minos discovery in South Australia’s Gawler Craton. The ASX-listed company was well blooded for the hunt after it recently unearthed an extraordinary 38m drill intersection going 6.54 g/t gold from just 29m. Other targets along strike will also be tested.

ASX-listed PharmAust subsidiary, Epichem, has entered into a multi-year license agreement to harness “Oxidative Hydrothermal Dissolution” technology from IP owner, Illinois-based Thermaquatica. Epichem will research, develop and promote Thermaquatica’s disruptive waste to fuels technology that uses waste and biomass as a feedstock. The company will also target government grant funding to accelerate its research and development initiative.

ASX-listed junior explorer, Kalamazoo Resources has consummated a deal with C$740 million market-capped Pilbara gold producer, Novo Resources. TSX-listed Novo will issue A$2 million worth of its stock to Kalamazoo to take on 50 per cent of Kalamazoo’s Queens gold project in Victoria and Novo then has the right to move to 70 per cent by ploughing a further $5 million into the project.

Strike Resources is looking to get a foothold in the burgeoning battery metals space with plans to spin out its lithium and graphite assets into a new IPO to be known as Lithium Energy. Strike will retain a 43 per cent stake in the new company that is slated to raise around $9 million ahead of its listing on the ASX.

Perth-based explorer PolarX Limited is expanding its footprint in America by proceeding with the acquisition of the high-grade gold and silver Humboldt Range project in Nevada. Off the charts samples grading as high as 3,384.14 g/t gold and 2,083.3 g/t silver highlight the potential of the project in the multi-million-ounce American mining region.

Victory Mines has wrapped up a second round of reverse circulation drilling at its Coogee gold project 55km southeast of Kalgoorlie on the north-eastern shore of Lake Lefroy. One of the best intercepts from Victory’s latest bundle of samples returned a broad width of 28m at 1.2 g/t gold from 128m downhole, including 16m at 1.68 g/t gold.

Perth-based explorer Kingwest Resources continues to make waves in the Goldfields of WA with an initial aircore drilling campaign at the Goongarrie gold project returning significant results from three areas where the company appears to have defined a gold anomaly over 1,000m in strike length at Area 9. Further drilling on newly identified targets at the project is planned for quarter two.

Buru Energy and its new farm-in partner, the giant Origin Energy, are gearing up to roll out a fresh oil exploration drilling campaign in WA’s revered Canning Basin during this year’s Top End dry season. Buru is chasing as much as 97 million barrels of oil across two prospects, including the highly anticipated Rafael-1 test well that sits east and along strike from the company’s producing Ungani oil field.

88 Energy has cracked 1,512 feet, or 460 metres, as it drills its way towards its highly anticipated 600-million-barrel prospective oil target at an interpreted depth of 6,000 feet, or 1,829 metres, below the frozen arctic ground in Alaska. Its moment of truth will arrive in just three to five days when it will get to test the reservoir sands of the oil-rich Nanushuk formation target.

Coda Minerals continues to receive solid results from its copper discovery at Emmie Bluff in SA including 7.58 metres at 1.51, however it is now casting its eye further afield as it looks to build a pipeline of copper projects in Australia, with the company picking up the interesting looking Cameron River copper project near Mt Isa in Queensland.