Public Company News

In this week’s edition of Bulls N’ Bears Big Hits, we unravel some of the most curious drill intersections revealed on the ASX, including Warriedar Resources’ stunning gold hit of 4m at 14.49g/t. We also take a close look at other notable drill hits in the past week from Ora Gold, Australian Gold and Copper, Dateline Resources and Patriot Battery Metals.

This week’s Bulls N’ Bears Runner of the Week is … Sun Silver. Its share price jumped 225 per cent in a photo finish with Errawarra Resources, which also leapt 225 per cent, to join movers and shakers Australian Copper and Gold and First AU.

ChemX Materials says it is on the cusp of producing high-purity alumina at scale using its patented “HiPurA” processing technology at its 24-tonne per year pilot plant south of Perth in WA. The company has already achieved 1kg per day production at 99.99 per cent purity at microplant scale and is planning to boost that number to a daily 100kg in pilot – a 100-fold increase.

GreenTech Metals has taken the first steps towards forming a copper alliance with its neighbour Anax Metals in Western Australia’s Pilbara region after the pair signed a memorandum of understanding aimed at establishing a new processing hub. The pair will now move to assess the potential to treat base metals from GreenTech’s Whundo project at Anax’s proposed Whim Creek processing facility.

Battery materials recycler Neometals has earned a promotion from the United States’ over-the-counter “Pink Sheets” market to now be eligible to trade on the top tier – the OTCQX Market Group’s “Best Market”. It means US investors can now get behind the West Perth-based company with more confidence as the Best Market qualification is underpinned by strict financial criteria regulation by the Securities and Exchange Commission.

Terrain Minerals will pocket $300,000 to fund its multi-mineral exploration focus after selling off its 100 per cent-owned Wildviper gold project in WA’s Goldfields region to next door neighbour Northern Star. The company has entered into a binding sale and purchase agreement with the major miner to divest the project’s exploration license that sits close to Northern Star’s Bundarra gold deposit.

Aurum Resources has added extra punch to its Boundiali gold project in northern Côte d'Ivoire, adding more ground to the north of the West African operation that last week recorded a glittering hit of 90m at 1.16g/t gold. The company can earn up to 70 per cent in the adjacent ground after signing an agreement with local Ivorian company Geb & Nut Resources.

Lithium Universe is positioning itself to fill what it believes will be a 700,000-tonne per year lithium carbonate gap in the mammoth North American electric vehicle market by establishing its own refinery in Canada. With experts and analysts all around the world predicting a vibrant third wave for the lithium market, the company’s plan is to sit at the centre of the cyclone.

Buxton Resources will try to turn a new project in Mohave County into a manganese oasis after today revealing its acquisition of the Matrix project that sits in the north-western region of Arizona. The 12-square-kilometre operation lies adjacent to the world’s sixth-biggest manganese resource in terms of contained metal and expands the company’s push into the electric vehicle critical minerals space.

Horizon Minerals has inked a toll milling agreement with FMR Investments to process 200,000 tonnes of gold ore from its Cannon underground mine at the Greenfields Mill near Coolgardie in Western Australia. The binding agreement comes alive in December, with Horizon arranging contract mining and the 67km haulage of ore to Greenfields by road. Milling is expected to take up to eight months to complete.

Surefire Resources has made a key boardroom addition to help guide its Victory Bore vanadium project in WA’s Mid West after appointing experienced finance specialist Jan De Jager as its new chief executive officer. The company recently released an updated Victory Bore mineral resource estimate of 465 million tonnes at 0.3 per cent vanadium oxide, 5.1 per cent titanium dioxide and 17.7 per cent iron.

Aspiring rare earths developer Red Metal is aiming to stretch its “world-first” Sybella discovery with a new drilling program outside the known mineralisation zone at its project about 20km south-west of Mt Isa in North Queensland. The company is looking to define the potential size of the deposit and its grade, with plans to drill 10,000m using a combination of air-core and percussion drilling.