Public Company News

ASX-listed Canada gold explorer, Ardiden, has skidded into the northern winter festive season with plans to fan out the drilling coverage at its Pickle Lake gold project in north-west Ontario beyond the promising 110,000-ounce Kasagiminnis gold deposit to test a couple more underexplored, brownfields prospects.

Cobre has unearthed 3 priority copper targets, including a 10km long by 3km wide copper anomaly, at its recently acquired Kitlanya project on the Kalahari Copper Belt in Botswana. The company has been conducting due diligence over the extensive southern African tenure where recent exploration has included stratigraphic drilling and remodelling of geophysical surveys, as it hones in on a swag of copper-rich targets across the veldt.

ASX-listed aspiring West Africa bauxite developer, Lindian Resources, has received the Guinea Ministry of Mines’ approval to acquire a 61 per cent stake in the strategic Woula bauxite project. The company sees Woula as a possible near-term entree to production given the Woula bauxite resource’s direct shipping ore potential and the project’s close proximity to the mature Guinea bauxite industry’s transport and export infrastructure.

Native Mineral Resources is building confidence that an extensive copper system may lurk beneath its Leane’s prospect in Queensland. Shallow drilling at Leane’s has tested the near-surface, skarn-style copper mineralisation, with deeper diamond holes probing for a porphyry feeder system at depth returning broad intervals of disseminated sulphides, including chalcopyrite with assays for several drill holes due in the coming weeks.

On the back of a recent stellar share price uplift, Surefire Resources has tabled more gold intercepts at its Yidby Road and Cashens Find prospects in the Murchison Goldfields north of Perth in WA. The best intercept of the latest bunch returned 16m at 1.51 grams per tonne gold from 50m, including 4m at 4.18 g/t with one rich metre going 13.43 g/t gold from 51m downhole.

ASX-listed base metals and gold play, Si6 Metals, has taken the plunge at its flagship Maibele North nickel-copper project in Botswana with a diamond drill hole boring day and night on an exploration voyage down to more than 500m depth in the hunt for nickel sulphide mineralisation.

The southern-most Hurley prospect in Legend Mining’s Rockford Northwest property is showing signs it could become another key target for the nickel-sulphide specialist explorer. The prospect, which sits in the heartland of the Albany Fraser belt in Western Australia near the doorstep of the Nova nickel-copper plant, has returned early assays with anomalous results for nickel, copper and cobalt.

Horizon Minerals has continued to ring the till on the back of a toll milling and trial open-cut mining exercise at its flagship Boorara gold project 10km east of Kalgoorlie-Boulder. The company generated a further $6.1 million in revenue including $3.6 million in net cash flow from the trial campaign’s third instalment of gold production totalling 2,491 ounces and a realised sales price averaging $2,466 an ounce.

At a time when steelmaking is receding from the Kwinana industrial estate, just south of Fremantle, high purity alumina aspirant King River Resources has identified the zone as the likely hub to house its planned High Purity Alumina facility. The company is now in discussions with the WA Department of Jobs, Tourism, Science and Innovation and also Development WA with regard to land sale and leasing issues.

ASX-listed Great Southern Mining has not taken its foot off the pedal in the midst of the festive season and instead has launched into a major drilling program at its historic Cox’s Find gold project about 80km north of Laverton in WA. It hopes to unearth repeats of the old Cox’s Find deposit along strike to the south as well as extensions at depth.

Fresh from ongoing success in the Eastern Goldfields, Lefroy Exploration has switched its attention to the west, to embark on an early-stage quest at another enticing prospect near Lake Johnson. The company’s Bullseye target has sat untouched for more than 20 years and is defined by a 2.5-kilometre-wide ovoid-shaped aeromagnetic anomaly which Lefroy believes may represent an underlining mafic or ultramafic intrusion.

ASX-listed heavy rare earths hopeful, Northern Minerals, has a couple of reasons to hit the festive season with an element of good cheer following a year of significantly improved price action in two key payable elements that occur in the mineral resource at its Browns Range heavy rare earths project in WA.