Public Company News

Torian Resources has extended its Mount Stirling gold system a further 280m southeast beyond the previous resource boundary with mineralisation now intersected over 1,040m along strike. The company has now increased the known gold mineralisation at various prospects across multiple gold domains. The drilling campaign is in full swing and the company says it has negotiated faster turnaround times for new assays.

Novo Resources’ aggressive exploration approach to its extensive 14,000 square kilometre land holding in WA’s Pilbara goldfields is turning up a slew of impressive shallow, high-grade intercepts. The latest round of drilling at the Talga Talga project has coughed up a striking 3m intersection going 25.5 g/t gold from 28m and 3m at 23.3 g/t gold from 11m.

ASX-listed Horizon Minerals has released a new mineral resource estimate for its Kalpini project about 65 kilometres northeast of Kalgoorlie-Boulder in WA. The revised resource weighs in at 1.87 million tonnes grading 2.33 grams per tonne for 139,000 ounces of the precious yellow metal. Kalpini is one of six key satellite gold deposits that underpins Horizon’s proposed flagship Boorara gold production hub about 15km east of Kalgoorlie.

ASX-listed Venture Minerals’ Tasmanian tin search continues to pay dividends with drilling at its Mount Lindsay project intersecting 11m of sulphide-rich skarn. The latest discovery follows the company’s recent success targeting extensions of the Renison mine sequence that coughed up a 16m interval of sulphide-rich magnetite skarn located some 12 kilometres along strike from the world-class Renison Bell tin mine.

AVZ Minerals has locked down US$400 million in funding, a new off-take partner and Chinese backers with very deep pockets and an intimate understanding of lithium battery manufacturing. It looks like it’s game on now for AVZ’s extraordinary Manono lithium project in the DRC after Suzhou CATH Energy Technologies agreed to pick up 24 per cent of the project for US$240 million and also stump up its share of the project’s CAPEX.

Empire Energy has massively boosted its Beetaloo Sub-basin oil and gas resources in the Northern Territory following a strategic takeover of Pangaea Ltd and EMG Northern Territory’s acreage in the basin. Empire trebled its gas resource and increased its liquids resource by 3,000 per cent when it pounced on Pangaea and EMG’s ground. The Beetaloo is believed to hold the largest undeveloped gas resource in Australia.

Kairos Minerals has followed up recent stellar gold hits in drilling at its Mt York project in the Pilbara, including a cracking 32m at 3.79 g/t gold. A suite of high priority greenfield targets have also been identified from a geochemistry sampling program. Assays up to 5.38 g/t were returned in soil samples, with drill testing due to commence next month.

Multi-metals exploration company, Conico Limited has wrapped up the field season at its Ryberg base and precious metals project on the east coast of Greenland with yet another sulphide intercept. The new hit at the recently discovered Cascata prospect follows several other exciting sulphide intercepts at the Miki prospect some 30 kilometres to the south-west and the Sortekap prospect about 30km to the north-west.

Venus Metals is collecting a lot of smoke as it searches for the fire under its Nickel-Copper-Platinum “Julimar look-a-like” targets at its Bridgetown East Project in WA’s fertile South West mineral terrane. The company reported polymetallic anomalies that are closely associated with a suite of prospective mafic-ultramafic rocks, some of which even coincide with an aeromagnetic high and a HEM anomaly.

Technology Metals Australia has secured well known private equity fund RCF as a corner stone backer as part of a two-stage $20m placement that will see Technology Metals fast-track the development of its Yarrabubba and Gabanintha high purity vanadium projects in WA. The projects are just south of Meekathara and will seek to capitalise on the resurgent vanadium price.

Gold explorer Great Southern Mining has picked up some solid gold hits from a regional drilling program that tested a quartet of prospects within its Duketon gold project about 45km north of Laverton in WA. The most notable of the latest drill intersections were 5m going 3.3 g/t from 49m including 1m at 12.3 g/t and 8m at 2.1 g/t gold from 32m including 4m at 3.7 g/t.

Podium Minerals has unveiled a substantial increase in the inferred mineral resource estimate for its flagship Parks Reef multi-metals project in WA following a recently completed reverse circulation drilling campaign. The revised resource for Parks Reef’s platinum group metals horizon now stands at 40.2 million tonnes weighing in at 1.54 grams per tonne 3E PGM for 1.98 million ounces of contained platinum, palladium and gold.