Public Company News

Buru Energy is debt free and set to bank $1.8m from its last crude oil sale for the calendar year as production at the Ungani oil field in WA’s Canning Basin continues at around 1,000 barrels per day. The shipment of crude is bound for a refinery in SE Asia from the export port of Wyndham in the State’s top end.

ASX-listed Impact Minerals has added another feather to its exploration hat acquiring the Beau permit, located just 15km north of Impacts existing Arkun project approximately 100km east of Perth in WA’s emergent South West Mineral Field. The region has been an area of increasing interest for explorers in the aftermath of the stunning nickel-platinum group elements discovery at Julimar.

ASX-listed Podium Minerals has revealed a significant metals inventory lift at its Parks Reef PGM project in the heartland of the Murchison province of WA. The company unveiled an increase of 22 per cent in its three elements of platinum group metals to 1.39 million ounces and an impressive 44 per cent increase in the overall copper content to 53,900 tonnes.

ASX-listed gold and base metals player, White Cliff Minerals, has upsized its maiden RC drilling campaign at the historic Reedy South gold project in WA’s Murchison Goldfields after managing to lay its hands on a larger second drill rig. The Perth-based company intends expanding the current Reedy South drill program from 3,000m to approximately 4,500m.

Surefire Resources’ share price vaulted more than 50 per cent higher in opening trades on Monday following news the gold explorer had hit a bounty of broad gold intercepts in the Murchison Goldfields of WA. The company’s maiden drilling program over the Yidby Road prospect returned mineralised intercepts up to 56 metres wide including a stunning 40m at 3.01 grams per tonne gold.

ASX-listed Kalgoorlie gold miner, Horizon Minerals, has picked up a 50 per cent stake in the high-grade Penny’s Find underground satellite gold deposit in WA’s Eastern Goldfields for $1.5 million cash. As part of the transaction that sets up a 50:50 joint venture, the company has also agreed to fund the proposed development of the historic gold mine 50km north-east of Kalgoorlie to the tune of $1 million.

ASX-listed gold developer, Calidus Resources, appears to have locked in the final step on its pathway to production securing $110 million debt funding from Macquarie Bank towards the development of its new Warrawoona gold mine. As part of the debt financing package, Calidus also entered into an associated gold hedging facility covering approximately 105,000 ounces of forward gold production from Warrawoona.

Infinity Lithium has added further weight to the company’s technical committee as it charges through its feasibility study over the San Jose lithium project in western Spain. The company has appointed lithium processing specialist, David Maree to the company’s technical committee. Mr Maree will work with Executive Director Jon Starink to refine and innovate the process flow sheet as test work continues at Dorfner Anzaplan in Germany.

Native Mineral Resources looks as though it might have a tiger by the tail in north Queensland, with its maiden drilling program over the Leane’s copper prospect possibly already pushing through paydirt. The fledgling base metals explorer, which only listed on the ASX in early November, has hit shallow, anomalous copper mineralisation and deeper porphyry veining in the initial few drill holes of the program.

Gerard Private Holdings’ wholly owned subsidiary Zimi Powermesh, which is on the cusp of merging with smart home technology group, Quantify Technology, has just received an order for a whopping 10,000 units of its internet-connected devices. Once the acquisition of Adelaide-based Zimi has been ratified by Quantify shareholders at its annual general meeting next week, the merged entity plans to undertake a $4 million capital raise.

Victory Mines continues to deliver a barrage of solid drill intercepts from its recently completed drilling program at the Coogee gold project in WA. Drill hits from the latter half of the company’s maiden program across the target include 12m at 2.85 grams per tonne gold, hosting 4m at 5.52 g/t gold from 76m and 20m at 2.07 g/t gold, hosting 8m at 3.41 g/t gold from 92m.

Lindian Resources has completed the acquisition of its 75 per cent interest in the leviathan Lelouma bauxite project in Guinea following shareholder approval. The company recently reported Lelouma’s near-surface resource had been increased to 900 million tonnes grading 45 per cent aluminium oxide and 2.1 per cent silica containing a higher-grade portion totalling 398 million tonnes at 48.1 per cent aluminium oxide and 2 per cent silica.