Public Company News

Strickland Metals has nailed more high-grade gold with hits of 4m at 10.1g/t and 8m going 6g/t from a first hole in a recent drilling program at the company’s Gradina prospect, part of its huge 7.4-million-ounce gold-equivalent Rogozna project in southern Serbia. The results from the deposit’s northern end extend the known high-grade mineralisation across 1km of strike and 900m vertically.

Dateline Resources has delivered a stunning run, surging nearly 3760 per cent since January to hit 8.5 cents earlier today and officially claiming 10-bagger status in under a month. And the momentum keeps building. The company has uncovered fresh geochemical clues at its Californian Colosseum gold project, pointing to hidden breccia pipes and suggesting the 1.1M-ounce gold system could be far larger than previously thought.

Horizon Minerals has locked in a $30 million raise at 4.3 cents per share, aiming to bolster the company’s finances to complete refurbishment studies on its Black Swan processing plant in WA and fund new drilling programs. The funds raised from local and offshore institutional investors will support drilling and engineering studies for Black Swan, prior to an expected influx of cash from its two gold mining operations.

Titanium explorer McLaren Minerals has completed a phase one drilling program of 192 air core holes for 4067 metres, targeting its high-value McLaren titanium sands project in Western Australia’s Eucla Basin. The program identified extensions of prospective sediments outside the limits of historic resources in three key zones. The biggest southern zone measures about 2600m wide and averages 10m thick, up to 15m maximum.

A geophysical survey at Larvotto Resources’ Hillgrove antimony-gold project in New South Wales has unearthed a series of promising new drill targets beneath and along strike of known mineralisation at its Clarks Gully prospect. The company says the induced polarisation and resistivity survey showed a strong correlation with historically mined antimony and gold zones, validating the geological model and delivering a greenlight for an upcoming drilling program.

Aurumin Limited has bagged high-grade hits in its first drilling program since 2013 at its Johnson Range project in the WA Goldfields, with a top hit of 6m grading 16.5g/t gold from 65m. The result includes 3m assaying 32.1g/t gold, with 1m at 76.1g/t gold, putting a shine on the company’s infill and validation program at its current 64,700-ounce Gwendolyn resource.

This week’s Bulls N’ Bears ASX Runner of the Week is… Oceana Lithium, after a capital raise to fill its coffers ahead of base metals testing in WA’s Gascoyne region. Zoono Group signed an exclusive packaging deal with UK majors, MetalsGrove Ltd ran on belated appreciation of its new Côte d’Ivoire gold projects, and Raiden Resources reported eight-from-eight shallow, high-grade gold hits from its emerging Bulgaria project.

Dateline Resources’ share price surged as high as 5.6c this week - not far from the coveted 10-bagger status - after the company recalibrated its scoping study gold price assumptions to US$2900 (A$4460) per ounce for its US-based Colosseum gold project. The key price adjustment delivered a whopping 134% jump in net present value for the project from US$235 million to US$550M.

Estrella Resources has inked a landmark deal that could see up to 500 million tonnes of limestone exported from Timor-Leste over five years, targeting South East Asia’s surging industrial minerals demand. The binding agreement with Indonesian group PT Raka Energi Mandiri grants exclusive rights to market and sell Estrella’s high-grade, calcite-rich limestone from its extensive Timor-Leste tenements.

Strickland Metals has turned up the heat at its Yandal gold project in WA’s northern Goldfields by expanding a key gravity survey to chase down a string of new intrusion-related gold targets across a juicy 19-kilometre stretch of prospective ground. The move follows the company’s recent discovery of IRG-style mineralisation near its Dusk ‘til Dawn gold camp and could set the stage for a new pipeline of high-impact drill targets.

Aurum Resources continues its stellar run of quality gold intercepts from its Boundiali project in Cote d'Ivoire, nailing a best hit in the latest results of 34 metres assaying 2.32 grams per tonne gold. The hit, from 56m depth in the company’s BDT1 target, includes 9m at an average grade of 5.44g/t gold. A second-best result delivered 48m going 1.27g/t gold from 73m, including 8m running 3.11g/t gold.

Thunderbird Resources has nabbed high-grade gold up to 19.3 grams per tonne and 4.12 per cent antimony in rock chip grab samples from initial exploration work at its Rockvale and Kookabookra projects in northeastern NSW. The Rockvale project is within shouting distance of Larvotto Resources’ Hillgrove gold-antimony operation, which hosts the nation’s largest antimony resource.