Public Company News

Adriatic Metals has unveiled more high-grade silver and zinc intercepts at its Rupice Northwest extension in Bosnia and Herzegovina that continues to expand the larger multi-commodity deposit’s mineralisation. One of the diamond holes returned a broad 30.9m section going 851 grams per tonne silver equivalent about 90 metres northwest of the company’s existing 12 million tonne resource going 149 g/t silver and 1.4 g/t gold.

Biotech company Chimeric Therapeutics has advanced its cutting-edge cancer-fighting work by expanding a licencing agreement with a top US university for breakthrough cancer treatment. The clinical-stage cell therapy company hopes the new agreement, through acquisition of critical know-how, will expedite its ambition to commercialise the treatment. Chimeric plans to use the treatment in a clinical study of patients with gastrointestinal cancers.

Estrella Resources says high-grade results from resource confirmation drilling at its Spargoville nickel project near Kambalda in WA highlight its best hope of transitioning to a producer in the near term . First assays from a hole drilled at the company’s 5A resource returned a 3.4m intersection recording 8.2 per cent nickel, 0.6 per cent copper, 0.2 per cent cobalt and 21.5 per cent sulphur from 65.16m.

Buru Energy is set for a bumper payday from the latest lifting from its flagship Ungani oilfield in WA’s Kimberley region. The company is anticipating a $5.5 million cheque from its 50 per cent share of the 75,000 barrels shipped out of the Wyndham port this month. The latest payment is likely to be more than $1m higher than its previous record in February and comes off the back of a very strong Brent oil price that is today sitting at around US$116 a barrel.

ABx Group has unveiled a 10-metre-thick channel of high-grade rare earth elements in northern Tasmania with the first batch of assays confirming an abundance of the most valuable minerals and a tripling of the prospective area’s size. One drill hole returned 10m of rare earths mineralisation, averaging 863 parts per million total rare earth oxides.

BMG Resources is running through the gears at its Abercromby gold project in the Wiluna region of WA with the explorer onto its next phase of diamond drilling at the operation. The 8-hole diamond probe will take in around 3,700m and is aimed at defining new resources and extending the footprint of previously discovered lodes.

Podium Minerals says the latest batch of results at its Parks Reef platinum group metals project in the Mid West region of WA continue a 100 per cent hit rate of intersecting the site’s reef. The company recently received assays from two RC holes including highlights of a 13m intersection going 1.94 grams per tonne 3E PGM from 207m including 2m at 5.05 g/t. from 212m that support the expansion of its exploration target.

Great Southern Mining’s aggressive exploration approach at its Southern Star prospect near Laverton appears to be paying off, reinforcing what the company says is shaping up to be a very sizeable gold deposit. The latest RC drilling program continues to return wide and shallow hits at the operation in WA’s Goldfields region including one 69m intersection going 1.1 grams per tonne from 39m.

Aeramentum Resources has its hands on a treasure trove of old geological reports that point to historic occurrences of battery metals such as copper, nickel, cobalt and others across its ground on the island of Cyprus. The company will list its Cyprus assets on the ASX next month and will immediately set about applying modern exploration techniques to them with a view to immersing itself in the lucrative European electric vehicle markets.