Public Company News

Metallurgical test work by Strickland Metals on the Palomino deposit at its Horse Well gold camp in Western Australia’s northeastern goldfields has notched up whopping gold recovery rates of up to 88.6 per cent. Using six composite rock samples from the deposit, the study found the gold mineralisation is highly amenable to the normal processing techniques of three-stage crushing, followed by gravity and cyanide leach processing.

Ora Banda Mining has again struck gold, with a stellar set of high-grade intercepts at its latest discovery, Little Gem, south of its Riverina gold camp, outside Kalgoorlie. The company is gushing over its latest results from a drilling program exhibiting thick, rich lodes of gold. The results have sparked an immediate 16-hole follow-up campaign to pepper a 4.7km gold trend emerging south of its flagship Riverina mine.

GreenTech Metals has jagged enticing visual intersections at its Whundo copper-zinc project in Western Australia’s Pilbara region from the first two diamond drill holes in a 4000m stage two program. The holes intersected thick zones of massive and semi-massive sulphides. The tantalising results from the company’s Shelby and Austin targets confirm down-plunge continuation of mineralised shoots at the project.

Strickland Metals has launched a 50,000-metre diamond drilling program, the biggest yet at its Rogozna gold and base metals project, in the giant Tethyan Metallogenic Belt in southern Serbia’s Raška district. The campaign aims to expand the existing combined 6.69-million-ounce gold equivalent resource at Rogozna and if possible, improve grades and iron-out grade variation and spatial distribution in its resource models.

Terrain Minerals is busy pursuing three gold projects, including two in WA’s Mid West region and a newish gold project in Queensland, along with gallium, rare earths and nickel-copper plays on the go in WA. It is currently planning new drilling campaigns for the three gold targets.

Kalgoorlie Gold Mining is gearing up for an expanded air core drilling campaign to test for extensions to its recent Lighthorse gold discovery at the company’s Pinjin project in WA’s renowned Laverton gold region. The upcoming drill program will aim to stretch the impressive discovery’s footprint by nearly 2.5km, with drilling planned for up to 1.4km to the north and 1km to the south of the mineralised zone.

This week’s Bulls N’ Bears Big Hits examines some notable drill intercepts revealed on the ASX, including Mithril Silver and Gold’s 4.95m intercept in Mexico assaying 20.5g/t gold and 1833g/t silver. Variscan Mines’ San Jose Mine in Spain and Redcastle Resources’ Queen Alexandra project in Western Australia’s Eastern Goldfields also reported some interesting drill hits.

Latitude 66 Limited will this month launch a major 9000-metre air core drilling campaign at its fully owned Edjudina gold project, near to Kalgoorlie Gold Mining’s exciting new high-grade gold discovery. The program will target multiple gold anomalies identified through previous geochemical testing, geophysical surveys and historical drilling in WA’s Eastern Goldfields and aims to unlock the site's full potential.

Ora Banda Mining has bolstered its balance sheet by locking in a $50 million revolving credit facility with two Australian banks and hedging 100,000 ounces of gold via a put option at $4400 per ounce. The two-year funding agreement has supercharged the company’s war chest to more than $100m, including a $58m bank balance, and provides the company with the financial clout to achieve production of 150,000 ounces in WA next year.

This week’s Bulls N’ Bears ASX Runner of the Week is… Industrial Minerals. The company had no news this week, instead its share price ran up on speculation about its high-purity quartz projects and tariffs pricing. Base metals explorer Litchfield identified two big sulphide-bearing targets for drilling, fintech group InFocus announced a stablecoin deal with a Seychelles tech provider GBO and TG Metals acquired an advanced gold asset in WA.

Meeka Metals’ reverse circulation drilling west of its current Turnberry South stage one open pit design has nailed a string of gold runs with a best intercept of 21m at 5.13g/t gold, including 5m going 15.65g/t. The top intercept was obtained from 51m. With most other hits from less than 83m downhole, the new shallow high-grade zone will likely justify westward expansion of the pit design.

Aguia Resources has locked in $1.5 million in fresh capital after completing a placement of 40 million shares at 3.8 cents each, setting the stage for an aggressive drilling campaign at its high-grade Santa Barbara gold project in Colombia. The new cash will support expansion of the company’s gold processing plant to 50 tonnes per day, kick off a comprehensive drilling program and cover general working capital needs.