Public Company News

Anglo Australian Resources has tabled an impressive 33 per cent increase in the mineral resource estimate for its flagship Mandilla gold project in WA. Mandilla now boasts a JORC resource of 19.8 million tonnes at 1.0 gram per tonne gold for 664,600 ounces of contained gold. The company already has the rods turning again as it embarks on the next massive 55,000m drilling blitz.

ASX-listed junior gold and base metals explorer Godolphin Resources has uncovered a triumvirate of new gold prospects at its Lewis Ponds project 15km east of Orange in the venerated Lachlan Fold Belt region in NSW following a review of historical exploration data generated by rock chip and soil sampling. The company says the targets sit outside the current limits of the Lewis Ponds mineral resource.

Perth-based gold miner and explorer Wiluna Mining can add nickel explorer to its growing resume as it embarks on an extensive review of historical exploration over its 1,600 square kilometre landholding in WA’s Northern Goldfields. Wiluna’s tenure stretches across 40km of strike in the Wiluna Greenstone Belt where the company is reviewing a plethora of high-grade nickel intercepts which look to be begging for renewed attention.

ASX-listed Horizon Minerals and its joint venture partner have taken the next major step towards developing their Richmond-Julia Creek vanadium project in north-west Queensland after fine-tuning last year’s pre-feasibility study on the proposed long-life project development. Perth-based Horizon and Richmond Vanadium Technology have now committed to a definitive feasibility study that is slated for completion next year.

ASX-listed Okapi Resources has uncovered a 2-kilometre-long lithium target from a recently completed soil program at its newly acquired Lake Johnston project 450km east of Perth in Western Australia. Lithium in soil results have graded up to 86 parts per million and bear strong similarities with nearby results recently announced by joint venture partner Charger Metals at the adjoining Mount Day project.

St George Mining has kicked off a swag of drilling at its flagship Mt Alexander project in Western Australia. Early-stage targets will be tested with a seven-hole program at the newly minted Carnac prospect and 20 high-priority infill holes will also be ploughed into St George’s Cathedrals JV with an eye to a potential resource estimate being produced.

Australian Bauxite is building on the intriguing recent discovery of rare earth element accumulations within its Tasmanian bauxite project. New assay results have significantly increased the extent and thickness of rare earths enrichment with new mineralised zones trending to the north and south. The drill rig is rapidly being upgraded in readiness for drilling the possible source rock that lies to the northeast of the high-grade zone.

ASX-listed junior explorer Askari Metals has completed its inaugural reverse circulation drilling program as it seeks to determine the prospectivity of its Burracoppin gold project in historically worked fields about 20km east of Merredin in Western Australia’s eastern Wheatbelt. The company is now waiting with anticipation on the assay results due in four to six weeks.

Things just got interesting in 88 Energy’s oil hunt at its Project Peregrine in the revered North Slope of Alaska with post-well evaluation of the Merlin-1 well demonstrating the presence of oil in three reservoirs. Results from the well have led to a targeted mean total prospective resource at the project of a whopping 1.6 billion barrels of oil. An appraisal well is now on the cards.

Superior Resources has delivered a 10m gold intercept going 2.8 g/t gold from the first hole at the Steam Engine lode, located at its Greenvale project 210km west of Townsville in Queensland. The result, in conjunction with visual observations of thick mineralised zones in other holes, has prompted the company to launch into another 5,000m of drilling aiming to grow the 122,000-ounce deposit at the Steam Engine prospect.

Perth-based miner Calidus Resources is on track to become Australia’s next gold producer. Construction at the company’s Warrawoona gold operation in the Pilbara region is now more than 50 per cent complete and Calidus is on target to deliver its first gold pour in the first half of next year, defying the challenges of labour shortages and supply disruptions.

ASX-listed Eclipse Metals is casting an eye over nearly 20 kilometres of historic drill core from its Ivittuut project in southwest Greenland as it follows up rock chip sample assays of up to 34,400 parts per million total rare earth elements.