Public Company News

In this edition of Bulls N’ Bears Big Hits, we examine some notable drill intercepts revealed on the ASX last week, including at Argent Minerals’ Kempfield Project in NSW with its 47m at 10.18g/t silver hit. We also take a look at other interesting drill hits from last week as reported by Nova Minerals from its RPM target in Alaska and West African Resources’ M1 South resource in Burkina Faso.

Javelin Minerals has upped its planned maiden drilling program at the Coogee gold project near Kambalda in WA from 2500m to 3000m after identifying several opportunities to extend known mineralisation. The company plans to launch its combined RC and diamond drilling program in mid-November in two phases to confirm potential extensions below the old Coogee open-pit and to expand mineralisation north and west of the pit.

A magnetic survey by Carnaby Resources has found a major conductor at the San Quentin prospect beneath outcrops of up to 6.7 per cent copper at its Greater Duchess JV with Latitude 66 in Queensland. The prospect is near the 4.2 million tonne Nil Desperandum deposit and and boast some 800m of outcropping copper mineralisation that is yet to be drilled.

Red Metal Ltd says its giant 4.8 billion-tonne rare earths deposit at its Sybella project near Mt Isa in QLD is a globally significant discovery. In revealing its maiden inferred mineral resource estimate, the company also pointed to a shallow section of the deposit at surface that is weathered granite and therefore potentially amenable to low-cost heap-leach processing.

This week’s Bulls N’ Bears Runner of the Week is … Ovanti Ltd. The buy-now-pay-later hopeful is planning to tackle the U.S market after appointing an ex-Zip Co executive to drive its plans forward. Also, Nanoveu ran hard as it readies for crucial testing on its new semiconductor technology, while other movers and shakers this week were African Gold and James Bay Minerals.

Image Resources has targeted a mid-2025 start to heavy mineral concentrate production at its Atlas project, 170km north of Perth, after securing essential water licences to accelerate construction. The milestone has now offered a clear timeline for renewed cash flows - expected to be $62m pre-tax over two years - almost two years after shutting down the successful Boonanarring project, located 100km south of Atlas.

Surefire Resources has identified nine new drilling targets from reinterpreted IP geophysics data, structural interpretations and re-logging at its Yidby gold project in Western Australia’s Mid West region. The company says the work significantly complements its understanding of the mineral system and controls on gold mineralisation previously intersected by its drilling and points to potential depth extensions for the porphyry-hosted system.

Askari Metals has revisited exploration data from its Horry copper-gold play in Western Australia’s Kimberley region to whip up new drill targets after fielding significant interest in the company’s local assets due to strong commodity pricing for both metals. Based on previous programs at the site, management now believes it has the potential to reveal high-grade mineralisation via a significant exploration push.

In a stunning business turnaround, Ora Banda Mining has set a quarterly production record, delivering 24,327 ounces of gold at a grade of 3.4 grams per tonne from its Davyhurst project in Western Australia’s renowned Goldfields region. The company’s cash reserves jumped 81 per cent to $48.7 million, while its share price surged 15 per cent to a 77c high today on strong trading volume.

Subiaco-based Altech Batteries has supercharged its alumina-coated silicon anodes to boost the energy capacity of lithium-ion batteries by 55 per cent after combining graphite with its high-tech anodes. The company says the game-changing results stem from its strategy to coat silicon particles with alumina, overcoming previous drawbacks associated with using silicone as an anode material.

Latitude 66 says it has unearthed high-grade gold and copper mineralisation at its Visna and Petaja prospects in northern Finland and has also worked up multiple new exploration targets before wrapping up a successful summer fieldwork program at its Peräpohja Schist Belt (PSB) project. The company is now planning further mapping at Visna before the exploration season closes down for winter.

Thunderbird Resources is racking up the uranium targets at its Cluff Lake project in Canada’s world-class Athabasca Basin, with results from a detailed electromagnetic survey lighting up a suite of intriguing conductors that may have identified favourable geological settings for yellowcake mineralisation. Several targets sit along strike from the nearby Shea Creek deposits that collectively contain 95.85 million pounds at 1.3 per cent uranium oxide.