Announcements

Venus Metals could be knocking on the door of the next high-grade gold discovery at Youanmi in WA. The company’s drilling campaign over the Taylor's Reef prospect has returned outstanding gold intercepts, including 3m at 19.58 g/t gold also hosting 1m at an impressive 55.81 g/t gold from only 21m downhole - follow up RC drilling is planned in the coming months.

Buru Energy has entered into an agreement with ASX-listed Sipa Resources Ltd to progress mineral exploration at Sipa’s Barbwire Terrace project immediately south-east of Buru’s own Canning Basin oil and gas leases. Buru will earn a 50 per cent interest in Sipa’s tenement by funding the first $250,000 of on-ground activities. Buru’s latest Canning Basin oil lifting of 74,819 barrels is expected to net $1.6m for the company.

Indiana Resources has doubled down in South Australia’s revered Gawler Craton mineral province, this week locking up an additional 2,465 square kilometres of prospective tenure across the world class multi-commodity terrane. The new tenement applications double Indiana’s holding in South Australia to more than 5,000 square kilometres that mostly surround the Tarcoola gold mine that Barton Gold is about to breathe new life into.

ASX-listed clinical-stage oncology group, PharmAust, continues to show that its cancer fighting drugs, Monepantel and Monepantel Sulfone, can have a positive, anti-viral effect on cultured cells that are infected with the Coronavirus. According to the Perth-based company, a second repeat of its in-vitro anti-viral confirmatory testing successfully demonstrated the anti-COVID-19 activity of both Monepantel and Monepantel Sulfone.

Novo Resources has completed the acquisition of an existing mothballed mine in the Pilbara and cashed up the company by completing placements to the Sprott group and private entities. The transformational purchase delivers Millennium Minerals’ old Golden Eagle gold plant at Nullagine to Novo who has a significant in-ground resource just down the road.

St George Mining has continued to hit its straps at Mt Alexander with diamond drilling intersecting thick intercepts of the targeted ultramafic horizon along more than 4km of strike. Drilling of this stratigraphic target has returned thick intercepts of the ultramafic unit at depths of more than 280m, with nickel sulphides visible in the drill core.

ASX-listed Lithium Australia’s subsidiary Envirostream Australia has received what could potentially be a massive boost in battery “feed” for its recycling facilities in Victoria after the ACCC gave the Battery Stewardship Council the nod to manage a national levy scheme for the collection of end-of-life batteries.

ASX-listed gold explorer, Kingwest Resources, has the drill rods spinning again at its flagship Menzies gold project about 130km north of Kalgoorlie as it looks to accelerate exploration programs, mineral resource estimates and scoping studies towards a potential revival of the historic project.

ASX-listed, Canada-focused gold explorer, Ardiden, has fired up the rotors for a detailed airborne geophysical survey of its Pickle Lake gold project in north-western Ontario with a focus on the exciting brownfields New Patricia prospect. The company’s recently commenced helicopter survey marks 45 years since the Ontario Geological Survey unit carried out regional first-pass aerial work over the historic mining area.

South American focused gold miner, Troy Resources has the drill rods turning again at the Smarts underground deposit at its Karouni gold project where it previously drilled a bevy of long high-grade gold hits with grades running as high as half an ounce to the tonne. Three additional diamond holes remain to be drilled ahead of a planned resource upgrade.

Legend Mining is edging ever closer to the mother lode at its Mawson nickel discovery in WA’s Fraser Range, this week intersecting almost 13m of massive nickel-copper sulphides within more than 90m of sulphide mineralisation. The company said diamond drill hole RKDD023 successfully tested a strong downhole electromagnetic conductor, intersecting sulphides below 216m.

Great Southern Mining continues to turn up high-grade gold as it delves deeper into the lower extremities of its historic Cox’s Find gold project near Laverton in WA. Recent diamond drilling returned a notable assay of 3.6m at 8.03 g/t gold from 168.95m including 1.0m at 27.5 g/t in a hole drilled 30m down-plunge from the earlier bonanza intersection of 5.65m at 80.0 g/t from 160m including 1.1m at an extraordinary 404 g/t.

Aspiring uranium developer, Deep Yellow, has mobilised its drilling fleet in Namibia to produce samples for ongoing test work. Deep Yellow’s drills will complete 90 holes through the Tumas resource area to collect over a tonne of samples for metallurgical testing and technical analysis as part of its ongoing PFS program.

ASX-listed 3D metal printing technology player, Aurora Labs, has taken a significant step towards protecting its groundbreaking Multi-Layer Concurrent Printing, or "MCP" 3D printing technology after being granted a patent in China.

King River Resources is continuing to refine the feasibility study over its immense Speewah Dome high purity alumina project in the Kimberley region of WA, with recent developments including the streamlining of the HPA circuit to develop a product for use in technological applications.

Classic Minerals continues to go for gold at Kat Gap in WA with sampling pointing to an extensive gold anomaly west of the company’s high-grade discovery. Classic has recently completed a detailed auger program west of the Kat Gap resource area, identifying an extensive blind gold target covering more than 900 metres of strike – results from shallow auger holes tip the scales at up to 2,130 ppb gold.

ASX-listed Vietnam base metals hopeful, Blackstone Minerals, has fired up the drill bit again at its next nickel sulphide prospect at the historic Ta Khoa nickel-copper-PGMs project, 160km west of Hanoi, as part of its aggressive exploration drive through a treasure chest of massive sulphide vein targets.

ASX-listed Hot Chili may be onto another significant discovery – at the Cortadera North target zone – which could even be a twin to its Cortadera copper-gold porphyry system. The potential for a new “look-alike” discovery about 2km north of Cortadera, which shows a geochemical footprint of 2km in length, comes just weeks ahead of the company’s plans to announce a maiden resource estimate for the Chilean project.

ASX-listed platinum group metals explorer, Podium Minerals, is aiming for an upgraded resource estimate next month for its Parks Reef PGM project in the Mid West region of WA following more encouraging results from rock chip sampling work. The company is targeting a near-surface resource of between 1.5 million ounces and 2.6Moz of PGMs.

Okapi Resources has nailed down a strategic position in the fertile Lake Johnston greenstone belt west of Norseman in southern WA. The company has entered into a farm-in agreement with dynamic market player, Lithium Australia to explore for gold and base metals across that company’s strategic tenement holdings in the same greenstone belt as the old Maggie Hayes and Emily Ann nickel mines.

Ardiden has sunk a golden hole in one with the maiden drill hole of its diamond drilling program at the Kasagiminnis project in Canada intersecting visible gold. The early hit bodes well for the current exploration program over the deposit and demonstrates that the company has a good handle on the controls of the gold mineralisation at depth. Drilling continues and is designed to significantly boost the current resource over the coming months.

Godolphin Resources has returned a couple of very encouraging gold hits from the first hole of a phase two RC drilling program at its Mount Aubrey gold project in the venerated copper-gold Lachlan Fold Belt province in NSW. Notable intersections from that hole were 3m going 7.41 grams per tonne gold from 99m including 1m at 21 g/t, and 7m at 1.52 g/t from 36m.

After successfully identifying and drilling a number of extraordinary, multi-commodity mineral deposits in Bosnia, Adriatic Metals has moved to lock up the wider mineral province around its key project areas. The company has now more than quadrupled the size of its ground holdings in the region and locked up most of the 25km long metal rich terrane.

Barton Gold has added to its management credentials with the key appointment of an experienced corporate executive as the Gawler Craton gold hopeful gears up for a possible IPO next year. Shannon Coates joins the Perth-based gold junior as Company Secretary with more than 25 years of experience under her belt in corporate law and compliance services to publicly listed companies across multiple jurisdictions.

Blackstone Minerals has continued its successful delineation of the Ban Chang sulphide discovery with ongoing drilling intersecting broad zones of nickel mineralisation. The company’s maiden drilling program across the prospect has outlined nickel mineralisation over more than 1.2km of strike with latest results including 9.60m at 0.84 per cent nickel and 14.65m at 0.74 per cent nickel.

Wiluna Mining continues full steam ahead in the expansion of its namesake operation in WA with the world-class gold deposit continuing to produce outstanding results from underground development drilling which has returned 5.96m at 112.98 g/t gold including 0.65m at an incredible 880 g/t gold. The company is poised to deliver more good news in coming weeks with an updated resource set to be tabled before the end of the month.

ASX-listed gold hopeful, Coziron Resources, has followed up a high-grade discovery drill hole at the Top Camp prospect at its Croydon project with an encouraging gold hit in what is fast becoming one of WA’s hottest gold exploration districts. The Perth-based gold explorer’s Top Camp discovery sits about 75km west-south-west of the distending Hemi gold deposit discovered by De Grey Mining in the Mallina region in the Pilbara.

ASX-listed gold explorer, Great Southern Mining, has taken a giant stride towards developing its historic Cox’s Find gold project about 65km north of Laverton in WA, appointing seasoned mining industry geologist and executive Sean Gregory as its new Chief Executive Officer.

PharmAust subsidiary Epichem has entered into a joint venture deal to develop a “disruptive” waste-to-fuels technology using biomass and feedstock. Under the 50:50 agreement, medicinal and synthetic chemistry group Epichem and new JV partner Obsidian Minerals will set up the Perren company with the aim of developing and commercialising the biomass/feedstock oxidative hydrothermal dissolution chemical process that can turn waste into fuels.

Adriatic Metals continues to rattle the cage in the Balkans, posting a 32 per cent increase in the tonnage of its emerging world-class Rupice silver deposit in Bosnia and Herzegovina. The resource for Rupice weighs in at an impressive 12 million tonnes with 149 g/t silver, 1.4 g/t gold, 4.1 per cent zinc, 2.6 per cent lead, 0.5 per cent copper and 25 per cent barite.

Ardiden has launched into drilling at the Kasagiminnis gold deposit in Canada. The company has dispatched internationally renowned contractor Major Drilling to the site with the rods now spinning under the watchful eye of Ardiden’s exploration manager, Dan Grabiec. The company is set to drill into the Canadian winter as it goes about drilling out a new resource for the deposit.

Venus Metals and Rox Resources have struck high-grade gold again in granite rock at the exciting Grace discovery at their historic joint-ventured Youanmi project in WA. The latest bonanza gold hits add to mounting evidence that a style of gold mineralisation not recognised at Youanmi previously has been discovered by the dynamic duo. The spectacular drill intercepts included 13m at 60.49 g/t gold from 177m including 4m at a cracking 191.56 g/t.