Daily Roundup
Tuesday, 4th March 2025
Last updated: 21:00
HCW.ASX NAG.ASX DXB.ASX AZY.ASX BTR.ASX
Strong Continuity of High-Grade Gold in Sandstone Drilling
Brightstar Resources Ltd has received the final results from a ~3,700m Reverse Circulation (RC) drilling program at the Lord Nelson deposit, part of the company's consolidated Sandstone Gold Project. The results confirm the continuity of high-grade mineralisation within the current mineral resource, defined by a A$2,500/oz Au optimised pit shell. Extensional drilling in the southern portion of the mineral resource also intersected significant gold mineralisation, which is expected to be included in a future Mineral Resource Estimate update.
The Lord Nelson deposit is hosted at the northern tip of a large granodiorite intrusion, with mineralisation typically characterized by a visible zone of pyrite + silica + biotite +/- quartz veining that follows the ultramafic footwall contact. Previous mining by Troy Resources NL between 2007 and 2010 at Lord Nelson produced 207koz @ 4.6 g/t Au via open pit methods.
The consolidated Sandstone Gold Project currently hosts a Mineral Resource Estimate of 1.5Moz @ 1.5 g/t Au. Brightstar is continuing an aggressive 55,000m RC drilling program across the project, with the aim of rapidly upgrading and expanding the existing Mineral Resource. The RC rig has now moved to the Vanguard Camp, targeting along strike / down plunge extensions and infilling key areas of the high-grade Vanguard North deposit.
Antipa to Retain 100% Ownership of Wilki Project
Antipa Minerals Ltd (ASX: AZY) advises that Newmont Corporation has elected to withdraw from the Wilki Project farm-in agreement. As a result, Antipa will retain 100% ownership and resume management of the Wilki Project effective 3 March 2025. Antipa plans to proceed with the planned drill testing of the highly prospective Parklands target, currently scheduled for H1 CY2025.
Antipa's strong financial position, with approximately A$36.5 million in cash at 31 December 2024, ensures the company has the capacity to sole fund a number of CY2025 exploration programmes. Antipa is well-positioned to continue its resource growth and project development trajectory targeting significant value creation for its shareholders.
Antipa Minerals Completes Share Consolidation
Antipa Minerals Ltd has announced the completion of a 10:1 consolidation of its issued capital, including shares and options. The company has provided details on the new securities on issue and advised that normal trading will commence on 6 March 2025.
Dimerix Receives Initial Upfront Payment from FUSO
Dimerix Limited has received the initial upfront payment of ¥300 million (~AU$3.2 million) from FUSO Pharmaceutical Industries, Ltd. under a license agreement for the commercialization of DMX-200 in Japan. Dimerix may become eligible for further potential development and sales milestones, as well as royalties on net sales.
HealthCo Healthcare REIT Withdraws FY25 Guidance
HealthCo Healthcare & Wellness REIT (ASX: HCW) has withdrawn its FY25 FFO/unit and DPU guidance due to issues with Healthscope's rent payments. The REIT is now in discussions with alternative hospital operators to replace Healthscope's tenancies.
Nagambie Resources Presents Investor Update
Nagambie Resources Ltd (ASX: NAG) has released an investor presentation highlighting its flagship Nagambie Antimony-Gold Project, which contains Australia's highest-grade antimony JORC inferred resource. The company is progressing development of a processing plant at the Nagambie Mine site and has significant exploration potential across its 1,000 sq km of tenements in Victoria.
References
HCW.ASX | 09:44 | Healthscope Update |
NAG.ASX | 08:59 | Investor Presentation March 2025 |
DXB.ASX | 08:33 | Dimerix receives initial upfront payment from FUSO |
AZY.ASX | 08:17 | Antipa to Retain 100% Ownership of Wilki Project |
AZY.ASX | 17:05 | Completion of Consolidation |
BTR.ASX | 08:19 | Strong continuity of high-grade gold in Sandstone drilling |