Public Company News

ASX-listed West Africa bauxite player, Lindian Resources, has been given the all-clear from the Guinean Government to finalise the acquisition of a 75 per cent interest in the massive, undeveloped Lelouma bauxite project in Guinea. The Perth-based junior will assume the 75 per cent stake in Lelouma’s overarching ownership vehicle, Sarmin Bauxite, and take over operational control of the project.

Hot Chili has returned to its headline stealing best, tabling yet another cracker copper strike from its Cortadera deposit in Chile. This latest colossal interval tips the scales at 373m grading 0.4 per cent copper and 0.1 g/t gold from 648m down-hole and includes a higher-grade core of 130m at 0.5 per cent copper and 0.2 g/t gold.

ASX-listed explorer, Oakdale Resources, has kicked off a maiden aircore drilling program at its Gibraltar halloysite-kaolin project on SA’s Eyre Peninsula aimed at confirming the extent of the mineralisation that was detected by historic shallow drilling. The company plans to drill 50 holes totalling an estimated 2,500m over its target area 15km north of Andromeda Metals’ Mount Hope kaolin-halloysite project.

Kingwest Resources has rattled off another set of bonanza gold drill hits at its historic Menzies gold project in WA. The company seems to be streaking towards a possible upgrade of the project’s overall mineral resource spread across a string of satellite deposits. Latest notable RC intercepts included 2m at 37.71 g/t gold from 63m and 1m at 56.54 g/t from 56m.

ASX-listed Victory Mines is off to a flying start at its Coogee gold project in Western Australia, with initial drill results from its maiden program over the prospect returning a bevy of high-grade gold hits including an eye-catching 8m at 13.53 g/t from 92m and 2m at 13.82 g/t gold from 102m down-hole.

ASX-listed gold explorer, Great Southern Mining, is ready to fire up the RC drill rig again at its historic Cox’s Find gold project near Laverton in WA. The company is chasing extensions of the high-grade Cox’s Find gold deposit to the south of the old workings at depth where recent drill intersections point to the possible reorientation of the orebody geometry.

Lithium Australia has recorded positive plant uptake of micronutrients in controlled field tests for its spent alkaline battery waste fertiliser blends by Western Australia’s broadacre pastoralists. The company’s 90 per cent-owned subsidiary, Envirostream Australia is incorporating slow-release zinc and manganese into conventional mono-ammonium phosphate fertilisers used in WA’s Wheatbelt.

88 Energy has lifted the lid on a mind-blowing resource upgrade at its 75 per cent-owned Icewine oil development project in Alaska. At the same time as sifting through a pile of offers to select a preferred bidder for the farm-out of its nearby Peregrine oil project on the Alaskan North Slope. The Perth-based oiler is set to partner-up to drill one of Peregrine’s oil prospects, sitting south of the giant Willow oil field, operated by US oil major, ConocoPhillips.

ASX-listed high purity alumina hopeful, Altech Chemicals, has linked up with an international silicon powder supplier to collaborate on the development of a long-life silicon anode active material targeted for use in lithium-ion batteries. Spain-based Silicio FerroSolar, part of the global Ferroglobe group, produces high purity-grade silicon found in a growing list of applications and is developing tailor-made silicon powders for the anode of lithium-ion batteries.

Infinity Lithium has landed a recruitment coup helping advance the company another crucial step in its path towards production by appointing prominent local businessman and former Spanish politician, Mr Cayetano Polo as the company’s Head of Institutional Relations in Spain. Mr Polo has a strong background in regional and local government in the Extremadura region, which hosts the company’s developing lithium operation.

Horizon Minerals has returned a clutch of encouraging near-surface drill hits from one of a key quartet of satellite deposits underpinning its developing Boorara gold project 10km east of Kalgoorlie-Boulder. Notable results from the latest drilling comprising 29 RC holes totalling 899m to a depth of 65m were 3m going 6.63 grams per tonne gold from 10m, 5m at 4.79 g/t from 4m, and 6m at 2.73 g/t from surface.

Mako Gold has taken significant strides towards delivering a maiden mineral resource estimate for its joint-ventured flagship Napie gold project in Cote d’Ivoire in the first half of next year following yet another clutch of encouraging high-grade and broad gold drill hits at the Tchaga prospect. One of the more notable assays was 10.26m grading 4.76 g/t gold from 76.5m including 1m at 32.49 g/t or more than one ounce to the tonne.