Public Company News

American West Metals will start its 2025 exploration program at its Storm copper-zinc project on Somerset Island, in Canada, within weeks. The company aims to further define recent high-grade copper discoveries and rapidly grow the region’s mineral resource potential. Only a fraction of Storm’s 110km-long fertile copper belt has so far been tested by a drill bit.

In a significant step for the company, lab tests have confirmed Green360 Technology’s new high-reactivity metakaolin is well suited for producing low-carbon cement and low-carbon, high-performance structural concrete. The company produced metakaolin samples from its kaolin resources and deposits that exceed the quality benchmarks of other metakaolin products currently available in Australia.

Aguia Resources has fired up the diamond rigs at its high-grade Santa Barbara gold project in Colombia with a 25-hole, 2500m program designed to unlock a potentially huge discovery in the system’s rich mesothermal vein network. The company will also pepper the existing stockwork to clear a path for expanded underground production and set the stage for a maiden JORC resource towards the end of the year.

Aurumin Ltd has moved closer to cashflows in a JV with contract miner Newcam, which will spend up to $4M to farm into its gold projects. One project has an almost shovel-ready 64,000 ounces waiting to be tolled. The company has also landed a quick million dollars after agreeing to sell the non-gold rights at another of its WA gold projects.

Xanadu Mines’ share price soared more than 50 per cent today after the company received an 8 cents per share takeover offer from unlisted Bastion Mining, valuing the Mongolian-focused copper-gold developer at $160 million. The offer follows hot on the heels of an expired exclusivity period earlier this month over a control transaction the company was negotiating with joint venture partner and major shareholder Zijin Mining.

Red Metal Ltd’s Sybella project in Queensland is shaping up as a low-cost heap leach play as leach tests show up to 81% magnetic rare earth oxide recoveries with low iron impurities using only weak acid levels. Bottle roll tests revealed a pH sweet spot between 2.0 and 2.5, where high recoveries of magnet rare earth oxides including the lucrative elements neodymium and praseodymium could be recovered using room-temperature sulphuric acid.

Dateline Resources has locked in the cash it needs to complete a bankable feasibility study on the gold deposit at its flagship Californian Colosseum gold and rare earths project to turn its 1.1-million-ounce resource into a revenue-generating mine. The company is also charging ahead with a rare earth drilling program at site and planning a US Venture listing in the third quarter of this year.

Altech Batteries has seamlessly revived a 28-year-old sodium-nickel-chloride battery that uses a primitive version of its own modern-day salt based “Cerenergy” battery technology. Altech says the old battery kicked into gear without hesitation after 28 years, showing that its own similar but more advanced battery technology is based on a solid foundation.

Larvotto Resources has discovered tungsten lurking in its already economic Hillgrove gold and antimony project in NSW, setting the scene for another payable by-product from the project that is already showing big numbers based on gold and antimony alone. Larvotto has delivered an initial mineral resource estimate for tungsten of 8.77 million tonnes at 0.05% tungsten trioxide at the project for 4774 contained tonnes.

Empire Energy has secured a hefty $28M war chest to propel its trailblazing Carpentaria gas pilot project in the N.T’s colossal Beetaloo Basin, as it manoeuvres to become Australia’s next big onshore gas player. The capital injection will turbocharge the hydraulic stimulation and flow testing of Empire’s Carpentaria-5H well, the longest horizontal well in the Beetaloo Sub-basin at a whopping 3310m.

Estrella Resources has notched yet another landmark achievement in Timor-Leste, formally East Timor, announcing the first conversion of permits into exploration licenses under the mineral-rich country’s new mining laws. The newly minted licenses will enable the company to deploy ground-disturbing exploration methods, including all-important maiden drilling campaigns, set to kick-off upon receipt of the nation’s first ever drill rig.

Strickland Metals is picking up the pace at its south Serbian Rogozna gold and base metals project which includes a further 20,000m of drilling at its Gradina target and a slew of new middle managers that are capable of guiding it into production. The company’s pre-development programs have expanded to include environmental baseline surveys, the opening of a local office, well-advanced metallurgical studies and ongoing drilling by six rigs across three targets.