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A review of old drilling has identified potential for rare earths on Sipa Resources’ (ASX:SRI) Wolfe Basin base metals project, 8km from RareX’s (ASX:REE) advanced Cummins Range REE-phosphate deposit.

Shallow drilling by Northern Star Resources (ASX:NST) in 2007 hit up to 16m @ 650ppm rare earth oxides but, besides that, the extent of drilling undertaken on the tenement is extremely limited.

The historic hole is on the margin of a prominent magnetic anomaly “that may represent an underlying intrusive or structural position favourable for hosting REEs”, SRI says.

The company will do additional on-ground work including infill soil sampling in the current quarter, to refine drill targets for future testing.

Microbiome health company Biome Australia (ASX:BIO) has reported full year sales revenue of ~$7.23 million, and Q4 unaudited sales revenue of ~$2 million. 

These results represent an annual growth of 75% compared to FY22 audited sales revenue, and an annualised run rate of $8m based on Q4 FY23.

“The strong end to the year points toward continued growth into financial year 2024, supported by business development in our existing distribution network and the launch of several new targeted probiotics in the first half of financial year 2024,” MD and founder Blair Norfolk said.

NickelX (ASX:NKL) has an option to acquire the historical Ransko (nickel-copper-cobalt) and Otov (hard rock lithium) projects in the Czech Republic.

At Otov — which includes a 260-year-old underground feldspar mine — spodumene crystals have been reported up to 70cm long.

Otov1 is one of 17 mapped pegmatites on the property, NKL says, all of which are unexplored by modern standards.

The ~7sqkm Ransko nickel-copper-cobalt project contains seven known sulphide deposits, but no modern exploration has been undertaken since the 1960s.

“The projects are exceptionally well located, almost on the doorsteps of 27 lithium battery gigafactories in Europe planned for 2030,” NKL MD Matt Gauci says.

“Ransko and Otov are within a ~500km radius of these gigafactories and there is also potential for Volkswagen (VW) (and Czech based subsidiary Skoda Auto) to build a gigafactory within the Czech Republic.”

Steve Promnitz-led lithium explorer QX Resources (ASX:QXR) has acquired 39% of unlisted Aussie company Bayrock Resources, which has a portfolio of nickel-copper-cobalt projects in Sweden.

The main focus is Northern Nickel Line (Ni-Cu), where drilling is due to start soon on the Storbodsund deposit, part of the Vuostok project.

And RooLife Group (ASX:RLG) has achieved first sales of of ~$190,000 of Australian milk powder products into China with new cross border e-commerce partner AULife – with more sales orders forecast for Q1 FY23.

 

At Stockhead we tell it like it is. While NickelX and RooLife Group are Stockhead advertisers, they did not sponsor this article.

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