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Infini Resources (ASX:I88) has wrapped up its quarterly results for the first three months of 2024, noting its successful listing on the local bourse and the addition of 59 exploration targets to its portfolio since listing
“Work programs delivered multiple lithium exploration target areas for follow up and 40 drill ready microgravity targets at the Marko’s and Jesse’s prospects,” Infini wrote on Monday.
The company is plugging away at Canada with dual lithium-uranium acreage in Canada at the Portland Creek project.
Fieldwork has commenced on-site towards finding the best and most drill-ready targets for exploration on landholding that already boasts potential expansion upside for the uranium side of things.
For those paying attention, NYMEX uranium prices remain 63& higher YoY, at US$87.35/lb on Monday morning.
During the quarter the company also expanded its uranium project boundary envelope by 370%.
I88 last traded at 18cps; it closed March with $3.026M in cash.
Barton Gold
Barton Gold (ASX:BGD), meanwhile, has also released its quarterly for Q1 CY24.
The big takeaway?: Q1 saw the company’s Tunkillia project JORC estimate climb to an eye-catching 1.5Moz, as well as scoping studies kicking off to probe the possibility of a future open pit operation.
Meanwhile, at Tarcoola, the company continues to drill the bottom of a pit with a view towards proving mineralisation extends underfoot.
Assays from diamond and RC rigs are on their way back to Barton’s desks upstairs and drilling at Tarcoola is expected to quickly resume thereafter.
The company remains standing at the market with an offer in its hands: some $5M worth of gold concentrates for sale are ready to leave Barton’s door, complementary to recent fundraising activities.
“The Barton story is now entering an exciting new phase, with Tunkillia Scoping Studies underway for a potential bulk open pit operation,” company MD Alex Scanlon said.
BGD last traded at 29cps; it finished Q1 with $3.6M in cash.
Infinity Lithium
Infinity Lithium (ASX:INF) has also published its quarterly today, with the keystone piece of work through the first three months of 2024 being the company’s filing of a key exploration permit for Extremadura in Spain.
The company has already been on-site at its acreage as the lead-up to that permit application required – at the same time the company has already inked a long-term lease agreement for an industrial area at San Jose.
Meanwhile, early-stage testworks have confirmed the company stands to boast “exceptional” recoveries from ore for lithium, assuming all cards are in order.
The company has confirmed lithium and coincident mineralisation can be extracted using ‘Li-Stream RPK’ technology while it remains open to looking for JV or farm-in partners.
INF last traded at 5cps; it finished Q1 with $14.3M in cash ($6.2M of which is bound up by grant funding rules.)
Altech Batteries
Altech Batteries (ASX:ATC) has also issue its quarterly, citing excellent progress on its 60kWh CERENERGY battery prototypes.
Those batteries, designed to be modular energy storage battery packs as opposed to Li-ion batteries for vehicles, are becoming Alech’s flagship preoccupation – the company also runs its Silumina Anodes business.
But CERENERGY, for which much research is being conducted in Europe – the home of battery uptake – is a product Altech is seeking to manufacture in the EU for the EU.
The company reckons it can achieve 47% margins producing the batteries.
Progress on both CERENERGY and Silumina Anodes projects continue to advance in line with the company’s expectations
ATC last traded at 6.2cps.
