Public Company News

Resource definition drilling is underway at Everest Metals Corporation’s Mt Edon critical mineral project in WA’s Mid West region in a bid to firm up the existing rubidium exploration target to mineral resource status. The target is between 3.2 and 4.5 million tonnes with a grade of 0.23 to 0.35 per cent rubidium – numbers the company hopes to swell in its looming maiden mineral resource estimate.

This week’s Bulls N’ Bears Runner of the Week is … Iceni Gold. Its “WA Budget week” share price leapt more than 307 per cent after the discovery of more gold-bearing veins at its Christmas Gift target. The company joins fellow movers and shakers Alliance Nickel, OZZ Resources and Caprice Resources on this week’s coveted list.

88 Energy has earmarked the middle of this year to begin shooting a 200-line-kilometre 2D seismic survey over 10 prospective oil and gas closures picked up by airborne gravity data in Namibia’s Owambo Basin. Management says the closures are also supported in part by existing 2D seismic data, in addition to soil gas sampling that validates the existence of a hydrocarbon-producing source rock.

Aurum Resources has revealed a glimmering suite of wide gold hits from a recent diamond drilling campaign at its Boundiali project in West Africa’s Côte d'Ivoire – peaking at 90m going 1.16g/t from 143m. The new assay collection also includes 59m at 1.42g/t gold from 68m with 13m at 3.92g/t and 23m at 1.36g/t from 293m featuring a 5m chunk going a solid 3.32g/t.

With world copper prices remaining close to all-time highs, GreenTech Metals believes it now has a “significant exploration opportunity” after an exhaustive review at its Whundo project in Western Australia’s Pilbara region. The review highlighted four significant volcanogenic massive sulphide copper-zinc targets within a 2.2km-long zone, offering considerable scope for resource extensions to the 5.3 million-tonne Whundo copper-zinc deposit.

Gold Mountain has run the rule over its Wabag project in Papua New Guinea, with a data overhaul uncovering the core of at least three porphyry systems that may host substantial copper-gold deposits. The company says the review suggests there may be multiple centres of porphyry-style mineralisation through 7km of strike in an arc parallel to the direction of its main copper anomalies.

Askari Metals’ latest auger drilling campaign has revealed encouraging total rare earth oxides hits as high as 4505ppm at its 100 per cent-owned Red Peak project in Western Australia’s Gascoyne region. It comes just a week after its neighbour Krakatoa Resources set the ASX alight with a 130 per cent share price jump after it discovered a new niobium-rare earths target.

A project-wide lithium sweep of St George Mining’s Mt Alexander operation near the historic Western Australian town of Menzies has isolated multiple new drill targets for a campaign slated to launch in the second half of this year. The company’s soil sampling and lithium pegmatite fertility review also identified geochemical analogues and a relationship between local gold mineralisation and pegmatites.

A bonanza-grade gold hit of 5.3m at a sparkling 220 grams per tonne from 245m has sent Larvotto Resources’ share price surging on the company’s biggest-ever trading day since its 2021 listing with the ASX. The stunning intersection was revealed today within a suite of results following a diamond drilling campaign that has extended the mineralisation at the company’s Hillgrove gold-antimony project in NSW.

The identification of multiple new high-grade copper targets at American West Metals’ Cyclone prospect in Canada has the company contemplating its potential for resource growth at its wider Storm project. The company’s recent moving loop electromagnetic survey at the Somerset Island site in Nunavut has unveiled what it says are “outstanding” new copper targets that include likely resource extensions in most directions.

White Cliff Minerals is ready to scratch into the surface at Canada’s Great Bear Lake after securing Federal Government approval for all of the licences at its Radium Point uranium-copper-gold-silver project. The company’s total project tenure at the Northwest Territories site encloses 2900 square kilometres of the Great Bear magmatic zone that is known for its iron oxide-copper-gold and uranium potential.

Terrain Minerals has launched a helicopter-borne electromagnetic survey at its Lort River project near Esperance in Western Australia to test a distinctive “eye” magnetic feature. Management says the feature bears stark similarities to IGO’s renowned Nova-Bollinger nickel-copper deposit in WA’s prospective Albany-Fraser belt. Importantly, the 640-square-kilometre Lort River operation sits along the interpreted strike of the Nova nickel-copper mine.