Public Company News

Horizon Minerals has poured its first gold bars from ore hauled from its Boorara project, near the famous mining town of Kalgoorlie in WA, under its ore sale agreement revealed last year with Norton Gold Fields' Paddington mill. Proceeds from the sale are expected to be pumped into the company's bank account within the week.

Legend Mining has reached for some innovative exploration techniques at its Rockford nickel-copper project in WA's Fraser Range, earning it a windfall $1.77 million research and development cash refund from the taxman. Legend's high-power fixed loop electromagnetic equipment has pushed the boundaries of traditional electromagnetics by identifying targets at depths below 600m.

Horizon Minerals has pumped $6.345 million into its bank account via an at-market share placement of 4.5c per share with a further $3.28 million expected shortly, all earmarked for the development of its soon-to-be producing gold deposits. Privately-owned Golden Crane Holdings will stump up the entire $9.625 million via a two-tranche placement in exchange for approximately 213 million shares in Horizon.

This week's Bulls N' Bears Runner of the Week is … Sparc Technologies. The company is developing new-age hydrogen technology using sunlight to split water without the use of an electrolyser. Argent Biopharma raised funds at a significant premium to its last closing price while Australian Mines boosted its scandium resource and Dimerix revealed a tie-in with a Japanese pharmaceutical firm to treat kidney disease.

Aurum Resources has tightened its grip on fellow West African gold explorer Mako Gold, boasting an 86.77 per cent ownership stake and setting the stage for the final act. Having already declared its off-market takeover bid as unconditional, Aurum has now upped the stakes by branding its bid “Best and Final,” signalling a determination to close the deal.

St George Mining has joined forces with two of Brazil's leading government scientific agencies to develop an optimal downstream process for the company's niobium and rare earth mineralisation at its Araxá project. The company recently secured $20 million in funding to acquire 100 per cent of the project located within the renowned mining region of Minas Gerais in south-east Brazil.

Reach Resources has kick-started a highly anticipated reverse circulation drilling program at its Murchison South gold project marking the first time its new geological model will be tested at the site near Paynes Find in Western Australia. The program is focused on reevaluating previous structural controls and targeting high-grade zones identified to be connected to the newly interpreted Primose fault structure.

Thunderbird Resources has scooped the services of industry veteran George Ventouras as executive chairman in a shift the company says is a strategic move to accelerate an ambitious exploration agenda at its Rockvale and Kookabookra antimony-gold projects in New South Wales. Ventouras has stepped into his new role following the resignation of former executive chairman, George Bauk.

The share price of Meeka Metals soared to a record high of 10.2 cents today after unveiling a set of stunning gold hits from its drilling at St Anne's, part of the company's flagship Murchison gold project in Western Australia. The results included a jaw-dropping 10m section grading 52.79 grams per tonne (g/t) gold within a broader 23m intercept running at 26.73g/t.

Terrain Minerals has revealed an ambitious exploration roadmap for 2025, pitching a diversified drilling assault across WA on gold, nickel, copper and gallium targets. The company is gearing up for two significant reverse circulation (RC) drilling campaigns at its flagship Smokebush gold-gallium and Lort River nickel-copper projects which is set kick-off this month and continue through the quarter and beyond.

In a move that brings St George Mining a step closer to becoming a key critical metal producer, the company has raised $20 million in a placement to new and existing investors. The funds will be used to finalise its acquisition of the high-grade Araxá niobium-rare earth (REE) project in Brazil, adjacent to CBMM's world-leading operations in Minas Gerais, with settlement now due in March.

Aguia Resources is fast approaching first gold pour at the company's ultra high-grade Santa Barbara gold project in Colombia as it ramps up the mine and its processing plant to treat 50tpd of ore for the shiny yellow metal. The first 25 tonnes of ore has now been mined and loaded into a series of agitator tanks in preparation for the carbon-in-leach solution.