Public Company News

ASX-listed Podium Minerals has flipped the switch on an accelerated RC drilling campaign at its Parks Reef PGMs project in the Mid West region of WA as it looks to extend mineral resources across the entire 15km strike length within the company’s ground. While the drill rods start turning, the company is also nearing completion of a resource upgrade incorporating results from earlier RC drilling.

After lifting the lid on a monstrous resource upgrade at its 75 per cent-owned Icewine oil development project in Alaska, ASX-listed 88 Energy has completed a $10 million placement to a range of institutions and sophisticated investors. The Perth oiler can now conclude its pending farm-out deal to drill two prospects early next year on its Peregrine oil project ground on Alaska’s lucrative North Slope.

Adriatic Metals continues to successfully navigate penultimate regulatory approvals on the pathway to development of its flagship Vares silver-lead-zinc project in Bosnia and Herzegovina. The company secured an urban planning permit that now paves the way for it to seek the final approvals needed to allow it to proceed with construction of the proposed Vares project, which has a forecast CAPEX of US$173 million.

ASX-listed tech company, InteliCare Holdings, has scored a trifecta of peak technology-body industry awards at Australia's longest running and most broadly scoped innovation recognition program, clinching the overall $10,000 prize in the process. The Perth-based company says winning multiple gongs reflects the tech industry’s recognition of its proprietary artificial intelligence online platform and its impact on the aged-care and disability-care sectors.

Impact Minerals has continued to build its portfolio of projects in Western Australia with its latest addition being an intriguing gold project to the east of the world-class St Ives gold mining centre near Kambalda. The Doonia project covers what appears to be a mafic intrusive with a similar geochemical and geophysical signature to the ground-breaking Hemi gold discovery in the Pilbara region.

ASX-listed PolarX has secured significantly improved terms on its option to acquire an 80 per cent interest in the Alaskan Caribou Dome copper deposit and a 90 per cent interest in the adjacent Senator property. The company has extended its option another three years to 6 June 2024 allowing future expenditure to the vendor to be spread across the next four years.

ASX-listed West Africa gold explorer, Mako Gold, has been buoyed by the latest bonanza gold drill hits at its majority-owned Napie gold project in Côte d’Ivoire and says the exciting Tchaga prospect has the makings of a significant gold discovery. The stand-out assay result was 2m at 92.95 g/t gold from 36m including 1m at 143.6 g/t or 4.6 ounces of gold to the tonne.

ASX-listed gold and base metals explorer, White Cliff Minerals, has the drill rods turning as it moves quickly to test its recently increased footprint around the historic Reedy South gold project, 40km north of Cue in WA’s Murchison goldfields. The 3,000m RC drilling campaign will target two historic gold prospects, namely Pegasus and King Cole.

Infinity Lithium continues to kick goals at its San Jose project in western Spain, with ongoing test work being developed as part of the company’s feasibility study, showing improved recoveries of lithium from the front-end of the proposed processing flowsheet. First-stage beneficiation shows a 10 per cent increase in lithium recovery, compared to the previous figures achieved as part of Infinity’s earlier pre-feasibility work.

ASX-listed gold explorer and aspiring developer, Middle Island Resources, has again increased the global gold resource base at its historic Sandstone project 12km south of Sandstone in WA’s East Murchison mineral field. The Perth-based company released initial mineral resource estimates for a further two out of five new satellite deposits, pushing up the total gold content for the entire project to more than 745,000 ounces.

Estrella Resources is ramping up exploration at its high-grade T5 nickel sulphide discovery in Western Australia, adding a second diamond rig to the metal hunt and upgrading infrastructure at the project. It is also expanding the scope of its work program having identified a bevy of new targets across this resurgent nickel-rich terrane.

ASX-listed White Cliff Minerals has entered into an agreement to sell its non-core Merolia gold project near Laverton in WA to London-listed explorer, Panther Metals, for about $274,000 in cash and shares. Divestment of Merolia will allow the Perth-based company to focus on its historic Reedy South project 40km north of Cue and its Midas copper-gold project in the Paterson Province, both in WA.