Public Company News

Galan Lithium says it has received several partnership approaches for offtake and strategic financing for the second-phase development of its Hombre Muerto West lithium brine project in Argentina. The interest follows a phase-one offtake and financing agreement with mining giant Glencore, with management saying the volume of direct enquiries highlights the strength of the long-term lithium market.

GreenTech Metals has revealed West Pilbara pegmatite intersections up to 24.6m thick in a maiden diamond drillhole that reached down to 810.2m at its Osborne joint venture lithium project … with more holes still to come. The company believes its highlight hit from 674m downhole could represent a down-dip extension of a mapped pegmatite at surface.

White Cliff Minerals believes its Lake Johnston South project is highly-prospective for spodumene-bearing pegmatites following a review into the operation west of Norseman in Western Australia’s Goldfields region. Lake Johnston South consists of 13 exploration licenses totalling 1874 square kilometres adjacent to and along strike from recent large-scale discoveries of spodumene-bearing pegmatites by Charger Metals and TG Metals.

Image Resources is cashed-up and charging towards the next phase of its life as a mining company after today pocketing $22 million from the final shipment of mineral sands from its Boonanarring project in Western Australia. The company says its coffers have been boosted to about $50 million and it is preparing to use the funds on a basket of highly-prospective projects.

The State Government has thrown its financial grunt in behind Infinity Mining’s diamond drilling program at the company’s Tambourah South lithium project, with a $149,675 Exploration Incentive Scheme grant. Infinity will fund the balance of the $299,350 program, which will see the drilling of two NQ-diameter diamond holes to depths of up to 300m to evaluate the geology under the project’s pegmatite swarm.

Lithium Universe is stepping closer to launching a definitive feasibility study on its Apollo project in Canada after expediting the engineering design for its 1-million-tonne per year lithium processing hub’s stand-alone concentrator. The plant is designed for an assumed feed grade of 1.1 per cent lithium oxide, with the output expected to be about 140,000 tonnes per annum of spodumene concentrate grading 5.5 per cent.

Aruma Resources has unveiled a swag of potential targets to follow up for gold and polymetallic mineralisation in the latest soil-sampling results from its Saltwater play in Western Australia’s Pilbara region. Sampling across three prospects at the Saltwater project has reaffirmed its potential as being a multi-commodity play for gold and base metals.

Meeka Metals has thrown-up stellar shallow, high-grade gold infill drill hits, including 19m at 8.75 grams per tonne, at its 685,000-ounce Turnberry development project in Western Australia’s Murchison province. With 1.2 million gold ounces already identified at its flagship Murchison gold project, the company is pressing ahead with its submission of development plans before year’s end and updating its grade-control block model.

Terrain Minerals has kicked off a maiden air-core drilling campaign at its Larins Lane base metals-gold-silver prospect to test for what it believes could be a deposit analogous to 29Metals’ hulking Golden Grove operation in Western Australia’s Mid West region. The company plans to drill 145 holes for 2500m in two priority categories on three separate main targets and a handful of unexplained anomalies.