Public Company News

Regional air-core drilling on Horizon Minerals' tenements 25km southeast of Kalgoorlie has returned multiple shallow clay-hosted rare earths and scandium anomalies. Results of up to 2437 parts per million total rare earth oxides were obtained with magnet rare earths up to 718ppm as scandium oxide results grading up to 445ppm formed a linear zone. Ongoing metallurgical testing will guide future work at the zone.

Auric Mining is pressing ahead with its ambition of a Jeffreys Find gold mine after commencing a grade control drill program at the project. The company plans a short mine life at Jeffreys Find, first with a starter pit and then a full pit. Grade control drilling is designed to give certainty by defining information on the ore grades and blocks.

Infinity Mining will launch a new survey technique at its Tambourah South lithium project in the Pilbara region of WA that uses real-time data processing to model a 3D map of the underlying geology of the site. The Ambient Noise Tomography survey technology allows the explorer to map in 3D down to several hundred metres where lithium, caesium and tantalum-rich pegmatites identified at surface have grown at depth.

Octava Minerals has identified a new lithium prospect on its Talga project in WA's Pilbara region. The newly identified “Nimerry” prospect has pegmatites outcrops hosted within greenstones close to the granite greenstone contact. Pegmatites of various sizes have been sampled and sent for analysis with the results expected by the end of February. The largest being 30m wide and 60m long – located 3km from the company's other lithium prospect Pinnacle Well.

Askari Metals has kicked off a fresh RC drilling program at its Uis lithium project in Namibia. More than 40 drill holes as part of 3,000m campaign aim to confirm high grade rock chip samples and new targets. The company says the project sits within a highly mineralised, spodumene rich pegmatite belt with a history production. Six drill holes have already been completed.

BMG Resources has bagged a patch of prime Eastern Goldfields real estate near Coolgardie in Western Australia that houses a 4km corridor of lithium-rich pegmatites along with a clutch of high-priority gold prospects. Historic rock chip sampling has kicked up multiple anomalous lithium values, peaking at 1.9 per cent lithium oxide. The tenure is located a stone's throw from the multi-million-ounce Bullabulling gold mine.

White Cliff Minerals has returned its highest-grade rare earths results so far at its Yinnetharra project with a headline reading of 3912 parts per million total rare earth oxides. The company also believes that lithium results up to 400 parts per million in the northwest of the project indicate that it is getting closer to lithium bearing pegmatites as it continues to pore over its patch in the Gascoyne region of WA.

Venture Minerals is lining up its drill rig on a compelling three-kilometre-long electromagnetic conductor at the company's flagship Mount Lindsay project in Tasmania. A strong nickel-in-soil anomaly has been etched out over the conductor coinciding with a sequence of prospective ultramafic rocks. The company believes the conductor could outline buried nickel sulphide mineralisation. The project already boasts one of the world's largest undeveloped tin-tungsten deposits.

Coda Minerals has completed four Ambient Noise Tomography surveys across key prospects at its Elizabeth Creek copper project in South Australia with early results highlighting new areas of interest. The surveys are designed to use an advanced passive seismic technique to produce a detailed sub-surface velocity map to assist in the identification of iron-oxide copper gold mineralisation close to the company's Emmie deposits.

Aruma Resources is set to up the ante in its pursuit of rare earths at its Saltwater project in the Pilbara in Western Australia. The company holds 80km of strike and has tabled previous assays of up to 11 per cent rare earths. Aruma plans to use surface mapping and sampling before geophysical surveys to better define drill targets for unconformity hosted heavy rare earths similar to those in the Athabasca Basin in Canada and the Tanami based Browns Range project.

Classic Minerals has made significant progress on the construction of its Kat Gap gold processing plant with both internal and external concrete foundations completed. The company says the external foundations will support the beneficiation plant whilst the internal concrete slab will be used to support the gold room.

ASX-listed biotech Chimeric Therapeutics, a clinical stage cell-therapy company has pocketed a research and development tax refund worth more than $3 million. The company says the refund is in recognition of its activities during the 2022 financial year and the rebate will provide important funding for continued development of its portfolio of cell therapies that tackle cancer.