Public Company News

Estrella Resources has secured a prized position in what is emerging as a new mineral frontier after the Timor-Leste Government granted the company three highly-prospective new mining concessions. The acquisition of the concessions gives the company access to an area of 121.5 square kilometres in a region known to host more than 200 mineral occurrences including gold, copper, manganese, silver and chromite.

Empire Energy has ramped up its Carpentaria gas pilot project in the Northern Territory by acquiring AGL’s fit-for-purpose, 42-terajoule per day Rosalind Park gas plant for $2.5 million in cash. The company says the facility exceeds the standards set by its technical due diligence process and estimates the acquisition will shave a year off its pilot plant timeline and save it more than $30 million.

This week’s Bulls N’ Bears profiled ASX runner is… Plenti Group. Its shares more than doubled this week to join fellow runners Intelicare, Euro Manganese and LBT Innovations.

Gold Mountain has applied for 57 exploration licences enclosing more than 100,000 hectares of rare earths terrain in Brazil ¬– and the ground sits right next to a major inferred 510.3-million-tonnes-resource. The company’s new “Down Under” project in the State of Bahia is partly contiguous with Brazilian Rare Earths’ tenure and a resource with an overall grade of 1513ppm total rare earth oxides.

Lindian Resources is assessing a low-cost trial mining campaign planned for early next year at its Kangankunde rare earths project in Malawi, while a process plant tender package is also being finalised. Mined material will be stockpiled, with the results of the trial set to be used to assess drill and blast fragmentation requirements, in addition to material handling productivity.

The first $4.7 million chapter has been written in Auric Mining’s remarkable money story at its humble Jeffreys Find gold mine near Norseman in Western Australia that many others would have ignored. Auric has produced more than 9700 ounces during two mining campaigns with joint venture partner BML Ventures, returning a total gold revenue of $29.28 million for the first stage of the two-year project.

Twigger’s Tales (Aka Argonaut’s deputy chair Liam Twigger) talks about the academic thrashing given to the methodologies used by the institution that many have used to make multi-million-dollar investments in far flung mining jurisdictions. He poses the question – who should we believe when assessing “in-country” jurisdictional risk when investing?

Strickland Metals says it has stretched its Marwari gold discovery by 400m to establish a total strike length of 1.1km following a systematic drilling campaign within its Yandal East project in Western Australia. And the company says its geophysical modelling has identified a further six promising “lookalike” targets in close proximity to the Marwari and Chetak deposits in the State’s Western Desert.

Horizon Minerals has set off on a lithium hunt through its gold-bearing Western Australian tenements after generating new exploration targets in the Goldfields and near the world-renowned Greenbushes project in the State’s South West region. The company says it has been encouraged by its results to date, but more work is now planned as it looks to broaden its operations.