Public Company News

The Environmental Protection Authority has given Image Resources conditional approval to push ahead with the development proposal for its Atlas mineral sands project in Western Australia’s North Perth Basin. The company says that while the recommendation for its 100 per cent-owned project will now undergo a three-week review period, it believes it is now a matter of “when”, not “if” Atlas will proceed.

Infinity Lithium has secured a new 35-year lease on land that now expands the footprint of its San José project in Spain, following a new deal struck by its wholly-owned subsidiary, Extremadura New Energies. The company says its second major acquisition of rights and access to land that will be home to its processing facility is a milestone that provides long-term leasehold over 11 hectares.

ABx Group has expanded the rare earths zone at its Deep Leads-Rubble Mound project in northern Tasmania, with new drill hits showing mineralisation enriched in the valuable heavy rare earths, dysprosium and terbium. The company says its latest drilling proves that the site west of Launceston retains the highest proportion of the two elements of any clay-hosted rare earths resource In Australia.

St George Mining says it is now one of the biggest landholders in Western Australia’s Ravensthorpe region after it was granted an additional two exploration licenses to increase the size of its Myuna Rocks project by 273sq km. The company has identified a slew of new lithium targets in a more than 50km prospective corridor along strike from Allkem’s Mt Cattlin mine.

Aurumin has bolstered its financial position at its Sandstone gold project in Western Australia’s Mid West region, with a refreshed “drill-for-equity” agreement coming hot on the heels of it closing out on a convertible note. The company’s rekindled deal with drilling contractor Topdrill will give management crucial choice and flexibility to increase drilling while preserving its cash.

Larvotto Resources has identified multiple new copper-gold-cobalt drill targets following a recent induced-polarisation geophysical survey at its Mt Isa project, adjacent to the historic town of the same name in north-west Queensland. The company is now planning reverse-circulation and diamond drilling at three main targets in the tough and hilly terrain across its prospective project area.

A recent share price hike for White Cliff Minerals has triggered a cash bonanza for the company after it today confirmed $4.33 million worth of options had been exercised on the back of its rally from recent lows. Touching as low as 0.9c to start the new year of trading, the share price rose to as high as 1.9c after it grabbed new Canadian ground.

Strickland Metals says ongoing re-evaluation work at its Horse Well project in the Western Australian desert shows its Palomino and Clydesdale prospects could be part of the same system and could even extend into its Marwari deposit – just 250m east of Palomino. The company says Palomino and Clydesdale exhibit shallow, high-oxide grades in initial drilling, but are untested along strike, down-dip and down-plunge.

Shares in Aurum Resources jumped more than 30 per cent this morning after it recorded a whopping 73m intercept going 2.15g/t gold from 172m at its Boundiali project in the West African nation of Côte d'Ivoire. The impressive drill hit contained several high-grade sections, with highlights showing a 4m segment grading 18.63g/t gold from 185m including 1m at a staggering 72.11g/t from 188m.

Oil explorer 88 Energy has officially kicked off operations at its Hickory-1 well in Alaska, with bore preparations complete ahead of perforation and flow-testing, which is expected to be completed this month. Management says that data will provide the crucial first steps on the path to development for its greater Phoenix project that sits on the onshore oil section of Alaska’s north slope.

Buxton Resources says samples from its Sun Devil and Aztecs prospects in Arizona have revealed geochemical signatures indicating the sites lie above the main copper molybdenum-enriched zone of a typical porphyry system. The 87 rock chip samples yielded results of up to 3.08 per cent copper, 156ppm molybdenum and 9.34g/t silver, strongly indicating the potential for a copper-porphyry target to exist at depth.

Reach Resources has linked up with emerging developer Delta Lithium, signing an earn-in and JV agreement on its Morrissey Hill and Camel Hill projects in Western Australia’s prospective Gascoyne region. Delta will pay Reach a non-refundable $3.2 million and can earn an initial 51 per cent interest by spending $3 million on exploration within the first two years.