Public Company News

Lithium Australia has granted privateer, Charger Metals, an option to acquire a suite of its projects in WA and the NT. The option will see Charger pick up the Coates and Lake Johnson polymetallic projects in southern WA and the Bynoe lithium-gold project south of Darwin. Charger will pay $100,000 and issue Lithium 8.8 million shares in the new entity to take a 70 per cent stake in the project positions.

ASX-listed aspiring manganese producer, Element 25, has struck an offtake agreement to sell half the manganese ore produced under a proposed stage two expansion of its Butcherbird project development in WA’s southern Pilbara region. The Perth-based company says its new offtake partner, private equity firm and commodity trader Semeru Energy, will buy between 175,000 tonnes and 200,000 tonnes per annum of Butcherbird manganese ore.

Victory Mines has confirmed the presence of solid grades of copper at its Bonaparte project in WA following a short, sharp drilling program which was completed in October 2020. Results from the drilling include 4m at 1.18 per cent copper and 34.4 grams per tonne silver, hosting 1m at a stunning 3.9 per cent copper and 117 g/t silver from only 47m down-hole.

Horizon Minerals has firmed up the mineral resource estimate for one of its quintet of key satellite deposits which are set to complement its proposed flagship Boorara gold project development 10km east of Kalgoorlie-Boulder. The updated resource for the Rose Hill deposit, which is less than 1km south-east of Coolgardie, now stands at 793,400 tonnes grading 3.65 grams per tonne for 93,200 ounces of contained gold.

InteliCare has joined the winners list in this year’s Deloitte Technology Fast 50 Rising Star Awards. The coveted program is in its 20th year and looks to rank Australia’s fastest-growing public or private technology companies, providing international recognition for local innovation. InteliCare is successfully harnessing artificial intelligence to provide smart home monitoring solutions to help care for the elderly and disabled people.

Dampier Gold has locked in a $6 million capital raise to fund its ongoing exploration program in WA’s Eastern Goldfields. The company’s placement was oversubscribed and well supported by both institutional and strategic investors, with the funding ear-marked to expedite exploration across its Zuleika Shear projects, including more than 8,000m of aircore drilling planned for early 2021.

ASX-listed Calidus Resources is marching towards the start-up at its flagship Warrawoona gold mining project in WA’s Pilbara region after ticking a few infrastructure and permitting boxes. The installation of a 65m tall telecommunications tower is complete, 10 per cent of its 240-bed accommodation village is operational and the company has received regulatory sign-off on its project management plan from WA’s Department of Mines and Petroleum.

ASX-listed aspiring Chile copper developer, Hot Chili, has been granted crucial water extraction rights for its overarching Costa Fuego porphyry copper-gold project located about 600km north of the country’s capital, Santiago. The company says the maritime concession, which was granted following an exhaustive seven-year application process, represents a critical infrastructure requirement for Costa Fuego by securing sufficient water supply to support a large-scale copper-gold operation.

Okapi Resources has narrowed its focus at Lake Johnson in WA, zeroing in on the Mount Day gold prospect. The company has amended its previously announced farm-in agreement with Lithium Australia, electing to concentrate on the Mount Day tenure, which hosts a 10km long surface geochemical anomaly and has produced rock chips of up to 10.68 grams per tonne gold.

ASX-listed explorer, Venus Metals Corporation, says it has picked up a couple of early polymetallic sniffs at its Bridgetown East nickel-copper-PGE project in WA’s south-west region as the company looks to emulate the feats of Chalice Mining following its exciting Gonneville nickel-copper-PGE discovery at the Julimar project further north.

ASX-listed explorer, Godolphin Resources, has encountered further hints of a gold-copper porphyry-style mineralised system at its Turrawonga discovery within the company’s Copper Hill East project 35km north of Orange in NSW’s Lachlan Fold Belt. It recently completed a couple of new deep infill drill holes at Turrawonga after an initial two holes returned 32m at 0.29 g/t gold and 0.13 per cent copper from 210m.

Western Australia-based gold miner Troy Resources, which has become a South American specialist, is now stepping up both production and exploration at its exciting frontier site Guyana. Having navigated various recent obstacles ASX-listed Troy Resources is now setting a course to rebuild mill production and its broad exploration program at its Karouni gold project in Guyana.