The survey sampling program will test 17 ground magnetic anomalies over three kilometres of strike at the expanded project area.

The company plans to collect around 260 samples to be taken on a 50-metre-by-100-metre grid and analysed for a suite of 50 elements.

Previous drilling at Lana Corina returned “significant” results such as a 257-metre hit at 0.95 per cent copper and 81 parts per million (ppm) molybdenum from 170 metres.

Drilling also confirmed a high-grade zone that extended 700 metres down-plunge and included a 35-metre hit grading 1704 ppm molybdenum, including four metres at 8845 ppm molybdenum.

Managing Director Max Tuesley said the company was excited to begin the program, as it would provide the first systematic litho-geochemical survey across the full extent of the prospective corridor in the Lana-Corina area.

“The results of this survey will provide additional information to assess the potential of the 17 surface regional targets identified at the project and will highlight new target areas for follow-up drill testing,” Mr Tuesley said.

Culpeo Minerals expects to receive results in four to six weeks and will use those to conduct follow-up drilling.

CPO ended the day 4.17 per cent in the green at 10 cents per share.

The MRE now stands at 16.2 million tonnes at 2.8 grams per tonne (g/t) gold for 1.44 million ounces.

The Ashburton MRE comprises the Mt Olympus, Peake, Waugh and Zeus deposits, with Mt Olympus accounting for 75 per cent of the total resource base ounces.

The grade for the Mt Olympus deposit has increased by 24 per cent to 2.7 g/t gold, and the total resource grade of 2.8 g/t represents an overall increase of 10 per cent.

Further, the company saw a 68 per cent increase in ounces to 121,000 at the Zeus deposit, resulting in total ounces for the ‘Zoe Trend’ deposits of 1.19 million ounces. The Zoe Trend contains the West Olympus, Mt Olympus and Zeus deposits.

The MRE is based on 324,804 metres of drilling completed in May 2022.

Kalamazoo Resources Executive Director and Project Manager Paul Adams said the completion of the MRE represented a “major milestone” for the company.

“Importantly, the major deposit, Mt Olympus, now has a significantly increased grade due to the new interpretation,” Mr Adams said.

“The optimised pit shell constrained resource at Mt Olympus now stands at over 800,000 ounces, with additional mineralisation potentially amenable to underground mining.”

Kalamazoo Resources has identified more drill targets below the current open pit resource that reportedly provide the potential for another MRE upgrade this year.

Company shares closed lower by 4.88 per cent to trade at 19.5 cents on Tuesday afternoon.

The company said the commissioning of the front end of the plant, known as the wet circuit, was currently underway.

This means the staple infrastructure — such as the power supply, building modifications, lab, and wet circuit — is almost complete.

Altech’s plant is located in an existing building at the Schwarze Pumpe Industrial Park site in Saxony, Germany. The 10,000-tonne-per-annum plant will support the development of the company’s Silumina Anodes product, which will be provided to selected users for product testing.

Silumina Anodes is the name Altech gave to its alumina-coated lithium-ion battery anode material. The Silumina Anodes product is designed to be used to increase the life and capacity of a graphite-only battery anode.

Ultimately, the product will be commercially available for the European electric vehicle market.

The materials stock is now undertaking fabrication of the back end of the plant, including the coating equipment, dryer and calciner. The company expects the final items will be installed and commissioned by the September 2023 quarter.

In addition, Altech Chemicals said a definitive feasibility study, being conducted by Leadec Automation and Engineering, was progressing well.

The company also recently appointed ARIKON Infrastruktur to manage the approval process and site infrastructure requirements. It will work with relevant regulatory bodies to obtain the necessary approvals for the plant.

ATC shares were up 1.06 per cent to trade at 9.5 cents at 3:03 pm AEDT.

The company has received firm commitments for the placement, under which it will issue up to 41.67 million shares to sophisticated investors.

Shares will be priced at 7.2 cents, representing a 23.8 per cent discount to AL3’s 15-day volume-weighted average price.

AML3D will use the money to establish its presence at key US additive manufacturing bases such as Knoxville, Tennessee, and Danville, Virginia, to service the US Navy and other tier-one clients.

As part of this, the company will form a US-based sales team to identify distributors and resellers to create a channel sales model for its ARCEMY product line.

The placement follows AML3D’s entry into the US defence industry through a $1 million sale of the ARCEMY ‘X-Edition 6700’ system to BlueForge Alliance.

AL3 CEO Ryan Millar said he looked forward to implementing the renewed growth strategy and creating long-term value.

“We intend to scale the company within the massive and growing US additive manufacturing market utilising a fully functional US sales team and key bases in strategic locations,” Mr Millar said.

The placement is scheduled for completion on February 13.

AL3 shares were up 20.48 per cent to trade at 10 cents at 1:23 pm AEDT

The company has signed a binding agreement with joint venture partner Lithium Australia (LIT) to buy out its 30 per cent stake in the Lake Johnston project. Charger already owns the remaining 70 per cent.

This would give Charge full ownership over the mineral rights for the Medcalf tenements and all of the lithium rights for the nickel tenements, including the Mt Day lithium-caesium-tantalum (LCT) pegmatite field.

“With drilling at the Medcalf spodumene discovery returning very promising pegmatite intersections, Charger is pleased to have reached an agreement with Lithium Australia to increase its project equity to 100 per cent for lithium discoveries throughout the Lake Johnstone lithium project,” Charger Metals Managing Director David Crook said.

The acquisition consideration involves the issue of seven million CHR shares and the potential granting of the offtake first right of refusal to Lithium Australia. The offtake first right of refusal covers lithium product to an agreed offtake amount.

To qualify for the first right of refusal, Lithium Australia must make a financial investment decision before December 31, 2029, to construct a commercial facility to produce lithium metal phosphate cathode powders.

Charger has completed 27 of the planned 40 drill holes at the Medcalf discovery, and drilling is ongoing.

The agreement will be complete subject to certain conditions that are expected to be met by May 31.

CHR shares were up 4.88 per cent to trade at 43 cents at 12:43 pm AEDT. Lithium Australia shares were down 6.12 per cent to 4.6 cents.

The MW2 discovery is one of several targets identified from 2022 mapping and survey work along Kingfisher’s 54-kilometre-long Chalba and 30-kilometre-long Lockier corridors.

The company has now received the remaining drill results from a 37-hole program, with 33 of the holes intersecting REE mineralisation.

New results include five metres at 2.63 per cent total rare earth oxide (TREO) and 0.54 per cent neodymium oxide and praseodymium oxide from 124 metres, including three metres at 4.11 per cent TREO and 0.85 per cent neodymium oxide and praseodymium oxide.

This interval also included a higher-grade result of one metre at 6.7 per cent TREO and 1.39 per cent neodymium oxide and praseodymium oxide from 125 metres.

KFM Executive Director and CEO James Farrell said confirming further continuous mineralisation was a “great outcome” for the company and followed the initial discovery of mineralisation at MW2 just six months ago.

“Significantly, MW2 is only one of many identified targets along the company’s extensive 54-kilometre Chalba corridor, and there is potential for additional mineralisation discoveries and growth for the company as our methodical exploration advances further along the shear,” Mr Farrell said.

Kingfisher Mining is now finalising its exploration plans for 2023. It has booked a drill rig for infill and extensional drilling at MW2 to target mineralisation as it remains open.

The company also plans to undertake maiden drilling at the MW8 and MW7 areas, where mapping and sampling identified continuous mineralisation over 1.5 kilometres to the northwest.

KFM shares fell 21.57 per cent to trade at 40 cents at 12:24 pm AEDT.

The property owner and fund manager will acquire the South Hedland Motel and the accompanied Lodge Motel (SHM) for a combined price of $27 million.

The SHM has around 107 rooms, with the capacity to add up to another 40. Just 300 metres away lies the Lodge Motel, which contains 135 rooms.

Over the last 15 years, the motels have generated average earnings before interest tax, depreciation and amortisation (EBITDA) of $6.7 million. For FY22 alone, they reported an EBITDA of $9.7 million, with the current financial year reportedly tracking to be 25 per cent higher.

GDI said the acquisition aligned with its broader strategy of investing in and managing workforce accommodation properties.

In this vein, the company has signed a term sheet with Tulla Group to form an equally-split joint venture (JV) to own and manage ‘co-living’ facilities.

Tulla owns and operates a village in Norseman, WA, which, along with the SHM and Lodge, will be the seed assets of the JV

GDI said it considered this a “tremendous opportunity” to invest in, own, manage and syndicate mining accommodation facilities and was looking forward to working alongside the Tulla Group.

GDI plans to invest $33 million into the JV, which it will fund through a debt facility. The JV will use GDI’s investment to fund the settlement of the SHM and Lodge Motel acquisitions.

The real estate company expects the acquisition will settle by no later than April 14.

GDI shares ended Monday afternoon 2.33 per cent in the red to close at 84 cents.

Whyalla Ports is part of the GFG Alliance and is managed by SIMEC Mining. It currently exports over nine million tonnes of iron products per annum from an integrated facility on the northwestern coast of the Spencer Gulf.

In a 2021 pre-feasibility study, Magnetite Mines selected the Whyalla port as the preferred port for its Razorback project as it lies 200 kilometres away via rail and is a low-capital option.

Whyalla Port is also the only port in South Australia with the capacity for “material” iron ore exports without the need for significant infrastructure development, according to MGT.

Today’s non-binding agreement will examine the receival, storage, materials handling, ship loading and transhipment of high-grade magnetite concentrates within the range of five to 10 million tonnes per annum.

Magnetite Mining CEO Tim Dobson said the agreement with SIMEC Mining was an “important step” in the development of the Razorback iron ore project.

“MGT and SIMEC Mining both share aspirations to contribute significantly to the urgent decarbonisation of the steel industry, taking advantage of South Australia’s unique attributes with respect to renewable energy, large-scale magnetite resources and supportive stakeholders,” Mr Dobson said.

The companies are yet to negotiate the length of the MOU.

MGT shares closed 8.54 per cent higher at 44.5 cents on Monday afternoon.

The healthcare stock today said a panel of expert breast radiologists ascertained that the IBX MagSense HER2 imaging agent produced a change in image contrast and that the contrast in potentially cancerous nodes was “distinctly different” from the MR image contrast seen in normal nodes.

The panel confirmed that the MagSense imaging agent could detect cancer with the help of MRI, which Imagion said would have “significant implications” for the company.

MRI, or magnetic resonance imaging, is already a widely-used and accessible imaging technology. The company said if it brings its MagSense technology to market for use with a well-accepted imaging modality, MagSense would be the first molecular imaging agent developed for MRI.

“The outcome of the independent review is welcome news, indeed,” IBX CEO Bob Proulx said.

“We now have a clear indication that our MagSense magnetic nanoparticle technology could work with the existing medical imaging infrastructure to provide the clinical benefit to breast cancer patients we have been aiming for,” he said.

“This takes a lot of the technical risk out of the future and will significantly facilitate market entry by eliminating the need to design, make, sell and support new machinery.”

Imagion Biosystems will now prioritise the development of its MagSense technology for use with mainstream clinical MRI scanners to accelerate availability for patients.

IBX shares were up 31.8 per cent to trade at 2.9 cents at 3:10 pm AEDT.

The company collected 162 rock chip samples from the EPL 8535 area as part of its due diligence work for an agreement late last year to acquire 90 per cent of the Uis project.

EPL 8535 is one of two EPLs that make up the Uis project, which covers 308.12 square kilometres.

Sampling was carried out over exposed pegmatites and included several old artisanal workings mined for tin or semi-precious stones.

Askari said the outcome of the due diligence sampling program was “exceptionally positive”, yielding five results with values above three per cent lithium.

Specific results include 3.3 per cent lithium oxide, 3.2 per cent tin, 4280 parts per million (ppm) tantalum and 7980 ppm rubidium.

Vice President of Geology and Exploration Johan Lambrechts said the “extraordinary” results from the sampling program were significant for the company.

“The company has been rewarded for its commitment to unlocking mineral resource potential as efficiently as possible and strategically manoeuvring to capture shareholder value through the acquisition o the Uis lithium project,” Mr Lambrechts said.

Askari Metals is about to begin phase-one drilling at EPL 8535, and exploration at EPL 7345 is progressing.

AS2 shares were up 4.84 per cent to trade at 65 cents at 12:48 pm AEDT.

All up, the company will issue 14.8 million shares to institutional and sophisticated investors at 30 cents per share. The issue price represents a 10.45 per cent discount to the company’s last trading price and a 3.4 per cent premium to its 15-day volume-weighted average price of 29 cents.

In addition, investors will receive one option for every three shares subscribed for. The options can be exercised at 24 cents and will expire on August 25, 2024.

LDR shares exploded last week when the company announced an “outstanding” drill intercept at its Webbs Consol silver project, with silver grades reaching as high as 3300 grams per tonne.

Lode Resources said it would use the new funds to conduct drilling at its Webbs Consol and Uralla projects in New South Wales.

Lode Managing Director Ted Leschke said he was “very excited” to continue drilling at the Webbs Consol project.

“The recently reported high-grade and thick WCS045 drill intercept demonstrates the strong vertical continuity of the Tangoa West Lode mineralisation and rapidly increasing the mineral endowment with depth,” he said.

“After this placement, the company remains fully funded for the upcoming high-impact drilling programs and beyond!”

DealAccess, which is acting as Lead Manager to the placement, will receive 2.5 million unlisted options which it can exercise at 40 cents within two years of issue.

Company shares were soaring 23.88 per cent to trade at 41.5 cents at 12:18 pm AEDT.

The company has received single-metre assays from reverse circulation drilling at the Luni discovery which is part of the Sambhar prospect.

Key results include 19 metres at two per cent niobium, including seven metres at 3.5 per cent niobium from 40 metres, in one hole and 26 metres at 0.9 per cent niobium from 153 metres, including three metres at 3.1 per cent niobium from 167 metres, in another.

This second hole also indicated a potential mineralised zone with elevated rare earth values of up to 2.4 per cent total rare earth oxide and up to 814 parts per million tantalum in a previously unassayed portion.

WA1 said the results had confirmed the intersection of a mineralised carbonatite unit, with “highly elevated” niobium, TREO, tantalum and phosphorous mineralisation encountered.

Based on the downhole intersections and available geophysics, the intrusion is believed to extend over at least 1.3 kilometres.

“Our 2022 drill program set out to determine the source of three significant geophysical anomalies in a truly greenfields belt and included three holes at the Luni discovery,” Managing Director Paul Savich said.

“However, rather than simply determining the source of the geophysical anomalies, all three holes at Luni have returned very high-grade niobium drill intersections.”

The company will now undertake follow-up exploration to determine the significance of the Luni discovery. It will also conduct follow-up drilling at the P2 carbonatite and several other untested anomalies.

WA1 shares were up 4.73 per cent to trade at $1.77 at 11:45 am AEDT.

The results come from the first four holes drilled at the Merensky Reef and have confirmed the presence of PGM mineralisation.

Results include 3.15 grams per tonne (g/t) 6PGE (palladium, platinum, rhodium, iridium, ruthenium and osmium) plus gold over a sampled width of 193 centimetres, and 2.88 g/t 6PGE + gold over 179 centimetres.

The average 6PGE plus gold grade at Merensky Reef was 2.56 g/t over an average sampled width of 197 centimetres.

SPD Managing Director Johan Odendaal said he was pleased to have received positive initial results from Merensky Reef.

“The PGM mineralisation observed further supports the conclusions in our recently-completed scoping study where the shallower Merensky Reef was recommended for potential future development in addition to the UG2 Reef,” he said.

Southern Palladium has completed 21 holes since drilling began late last year. Six of the holes intersected the Merensky Reef and 18 holes encountered the UG2 Reef, which is also located within the Bengwenyama project.

The company recommenced drilling activities on January 12, and five rigs are currently spinning.

SPD shares ended the day trading steady at 78.5 cents at market close.

The company will issue around 17.3 million shares at 15 cents per share to institutional, professional and sophisticated investors to raise the funds.

Siren directors have committed to investing a further $180,000 into the business on top of the placement, subject to shareholder approval.

The gold explorer plans to use the funds to define a mineral resource at its Big River project and carry out drilling, mapping and trenching at the Lyell and Auld Creek prospects.

The company will also use the funds for reconnaissance drilling, mapping and sampling at Sams Creek, where a mineral resource estimate was recently updated to 9.1 million tonnes at 2.8 grams per tonne (g/t) gold for 824,000 ounces.

The funds will also support working capital and placement costs.

Managing Director Brian Rodan said he was pleased with the “strong support” the placement received.

“Siren Gold’s project hosts significant gold resources, which have been defined and grown through the efforts of the company,” Mr Rodan said.

He said the company looked forward to applying the funds to continue growing its global resource base, which had almost hit one million ounces of gold.

SNG shares were down 5.71 per cent to trade at 16.5 cents at 3:07 pm AEDT.

The company expects to drill between 10 and 12 RC holes for around 850 metres.

Drilling will test north-south base metals mineralisation at Lady Sampson, which sits at the southern end of the Northampton project. This program is reportedly the first drilling to test for base metals mineralisation in this area.

The last RC drilling program Caprice completed was in late 2020 at the Wheal Fortune prospect within Northampton. Results from that program included three metres at 3.8 per cent copper, 3.8 per cent lead and three grams per tonne silver from 33 metres.

Caprice Managing Director Andrew Muir said the company was “very excited to finally be testing Lady Sampson following delays in permitting”.

“This will be a major milestone, as this part of the Northampton project has never been drilled before, even though there is evidence of historical base metals mineralisation,” Mr Muir said.

The company expects the program to take eight to 10 days to complete, with assays to come in four to six weeks after.

CRS shares were up 9.59 per cent to trade at 8 cents at 2:54 pm AEDT.

Under the placement, which Horseshoe said was “heavily” oversubscribed, the company issued 80 million shares at 2.5 cents — a 21.9 per cent discount to its last trading price on February 1.

Horseshoe Metals plans to use the funds to complete reverse circulation and auger infill drilling, metallurgical testing, gravity recovery testing and an ongoing review of scoping study results at its flagship copper-gold project in Western Australia.

Horseshoe is currently waiting on results from reverse circulation drilling completed late last year at the Main Zone and Motters extensions in the project area. It expects the results to give it a better understanding of the broader mineralisation structure at the Horseshoe Lights project.

Non-Executive Director Kate Stoney said she was “delighted” to have secured the funds through an “extremely well-supported” placement to new and existing investors.

“Horseshoe enters 2023 with considerable exploration momentum and a strong pipeline of acivitivity, with first assay results from our most recent drilling program expected to be delivered later this month,” Ms Stoney said.

The company believes there is “considerable exploration upside” at Horseshoe Lights, which previously produced around 316,000 ounces of gold and 55,000 tonnes of copper metal.

Horseshoe Metals shares were down 9.38 per cent to trade at 2.9 cents at 1:16 pm AEDT.

The company began a reverse circulation (RC) drilling program in November last year to test 26 targets, including one which previously intersected 24 metres at 1.9 per cent copper and 0.7 grams per tonne (g/t) gold.

The RC drilling also acted as an initial follow-up program to one completed at Mynt in early 2022.

While assays are pending for most holes, the company has found “significant” sulphide mineralisation in several RC holes completed at Mynt.

Based on the initial findings, Minerals 260 plans to drill a further nine RC holes and four diamond holes at the Mynt prospect to assess the continuity, orientation and extent of the known mineralisation. It will also undertake geophysical and survey work to optimise the holes.

In addition, the company has received results for 24 holes at the Acga platinum group element (PGE) prospect within the Moora project, as well as several targets at the Koojan joint venture (JV) project.

Assays from Acga include three metres at 0.33 g/t PGE from 134 metres and four metres at 0.15 g/t PGE from 55 metres.

The company said while there was no surface anomalism coincident with the Acga mineralisation, several PGE anomalies had been defined nearby to be tested in upcoming drilling.

On the Koojan JV, held with Lachlan Star (LSA), drilling at the Mallory prospect intersected a “highly anomalous” zone grading 16 metres at 54 parts per billion gold.

Drilling will continue across both the Moora and Koojan projects with between 4500 and 5000 metres planned.

MI6 shares were trading at 34 cents at midday AEDT.

The company has received results for almost 1000 samples taken from 10 reverse circulation (RC) holes.

The assays have confirmed “enriched” rare earth element (REE) mineralisation at depths of 150 metres, which is a 50 per cent increase on previous results.

Amongst the results include values of up to 8359 parts per million (ppm) total rare earth oxide (TREO). Additional results include averages of 3958 ppm TREO over 148.5 metres and 4394 ppm TREO over 120 metres.

CEO and Managing Director Chris Gibbs said the results were “outstanding”, especially given mineralisation remained open at depth.

“These results further enhance our belief that the Halleck Creek district is one of the largest rare earth deposits on a global scale and shaping up to be a key strategic project for the US,” he said.

American Rare Earths is waiting on assays for another eight holes within Red Mountain and a further 20 holes from the Overton Mountain project area.

ARR shares were trading 1.67 per cent higher at 30.5 cents at 11:44 am AEDT.

The company on Thursday afternoon announced the completion of the program, which included 20 holes for 1080 metres to test three zones of mineralisation.

Drilling successfully intersected a low-angle mineralised structure with widespread disseminated sulphide mineralisation, with up to five per cent visible pyrite and one per cent chalcopyrite.

Early results include seven metres at 20.7 grams per tonne (g/t) silver, 0.1 per cent copper and 0.3 per cent lead from 12 metres downhole and two metres at 0.8 g/t gold, 41.2 g/t silver, 0.1 per cent copper and 0.1 per cent lead from six metres downhole.

Managing Director and CEO Cameron McLean said he was pleased with the results, as they confirmed the presence of disseminated precious metal-rich polymetallic mineralisation.

“The geological information we have gained from the drilling combined with the reprocessed geophysical survey data will guide us in the next phase of exploration as we seek to target porphyry-style mineralisation and targets,” he said.

Great Northern Minerals has begun planning a follow-up induced polarisation survey to target reprocessed historical magnetic anomalies. This work will also target potential depth extensions of the mineralisation intercepted in the recent drilling program.

Company shares were trading at 0.6 cents at 10:51 am AEDT.

In addition, the company may secure extra funds, with several of its directors committing to invest $400,000. This is subject to shareholder approval, which will be sought at a general meeting to be held next month.

All up, Great Southern Mining will issue roughly 73 million shares at 2.4 cents to raise the funds. The issue price represents a 16 per cent discount to its five-day volume-weighted average price (VWAP) and a 19 per cent discount to its 15-day VWAP.

The money will support drilling programs at GSN’s Duketon project, where five “high-priority” targets have been discovered on top of the mineralisation found at the Southern Star, Golden Boulder and Amy Clarke prospects.

The materials stock will also undertake electromagnetic surveys at the Granite Well and Rotorua komatiite trends at its East Laverton nickel project.

“After a busy year in 2022 refining and increasing our geological knowledge of the structural controls of our Duketon gold project, we are now well-positioned, with a number of high-priority targets ready to be drill tested,” GSN Managing Director Matthew Keane said.

“The company’s focus now shifts to the efficient execution of high-impact drilling programs along multiple mineralised trends.”

Drilling is expected to start during the current quarter.

GSN shares were last trading at 3 cents at 10:19 am AEDT.