Public Company News

Xanadu Mines says oxide leach testwork on ore from its Kharmagtai copper-gold project in Mongolia has highlighted the potential to conduct commercialised processing and generate significant early cash. The company says leaching tests on the shallower oxidised portion of the project’s mineral resource delivered positive metallurgical extraction results of up to 93 per cent copper and 46 per cent gold.

Aurumin is primed and ready to get back to the drill rig at its Sandstone gold project in Western Australia’s Mid West region after closing out on the final $1.07 million owing on a convertible note. The company says it will immediately exploit its financial freedom with a firm commitment to getting its Sandstone project back to “pouring gold bars”.

Channel sampling at Larvotto Resources’ Hillgrove gold-antimony project in NSW has delivered sparkling assays going as high as 63 grams per tonne gold, 13.82g/t silver and more than 30 per cent antimony. Management says the impressive results highlight the high-grade nature of the operation, while samples from the 1.5-million-tonne historical tailings facility recorded gold grades exceeding the average of many operating open pit mines.

BMG Resources has applied for two additional exploration licences adjoining its granted Dragon project in Western Australia’s West Arunta region – an emerging world-class niobium-rare earths district. It says data reviews have identified several areas where strong magnetic features are located next to major faults, which can be interpreted as being highly-prospective for potential carbonatites and represents priority niobium-rare earths exploration targets.

Surefire Resources has strengthened its growing ties with Saudi Arabia after signing a new agreement designed to assist in development and investment for its Victory Bore vanadium project in WA’s Mid West. The non-binding agreement with Saudi-based RASI Investment allows both parties to explore a joint venture or co-developer structure to assist in potential downstream processing facilities for offtake from the project.

Strickland Metals says it has connected its Bronco and Konik gold prospects to form one big structure at its Horse Well play near Wiluna, making a bulk-tonnage target with a high-grade surface oxide zone. The company says it has made the crucial interpretation on the back of re-evaluating historic Bronco data in conjunction with its own geological information following its Konik discovery.

DiscovEx Resources has stretched its Hercules prospect to a whopping 7km of anomalous gold found in soil after a sampling program at its Edjudina project, about 200km north of Kalgoorlie in Western Australia. The extensional program completed north of the Hercules target produced multiple higher-tenor results within the broad anomalous zone, adding to several prospective targets already identified at the project.

Lindian Resources has backed up positive recovery results from testwork on ore from its giant Kangankunde rare earths project in Malawi with concentrate grades ranging between 55 per cent and 68 per cent TREO. The company’s latest metallurgical test results confirm achievable recoveries of 70 per cent TREO, in line with results delivered in April last year.

Xanadu Mines says it has recorded early metallurgical recoveries of up to 98 per cent copper and 95 per cent gold from rougher flotation testwork on ore from its Kharmagtai project in Mongolia. Management says the results are in line with or better than previous scoping study assumptions and show a potential value uplift in final prefeasibility study (PFS) recoveries.

Radiopharm Theranostics says a new six-patient study shows its terbium-based treatment has superior potential to tackle prostate cancer than lutetium following a head-to-head assessment of the rare earths metals in its therapies. Management says the results from tests on patients with metastatic “castrate-resistant” cancer vindicate its development of next-generation, terbium-based radiotherapies for the treatment of the often deadly condition and other advanced cancers.

Javelin Minerals has revealed two significant board moves, adding well-known corporate finance executive Brett Mitchell and experienced geologist Pedro Kastellorizos as it prepares for more drilling in New South Wales. The company says Mitchell, who has more than 25 years of experience in the equity and venture capital markets, will take the reins as executive chairman. Kastellorizos will be a non-executive director.

Chariot Corporation says it has significantly expanded its flagship Black Mountain tenure in Wyoming, adding 218 contiguous new claims to mark a whopping 206 per cent increase for its lithium project area. The company’s new “BMX” claims almost enclose its original holdings, adding a strategic margin of between 1200m and 1600m around all but a 1500m-long section of State land on its north-west boundary.