Announcements

Horizon Minerals has achieved a significant milestone at its Boorara gold mine, 10km east of Kalgoorlie-Boulder, producing its inaugural gold bar less than six months after its stage one feasibility study and some two months after breaking first ground at the Regal East pit.

Lithium Australia’s 50 per cent-owned lithium battery subsidiary, Soluna Australia, has installed its first residential modular lithium battery storage units in Perth. The lithium battery systems, which can be connected to roof mounted solar panels, store energy for later consumption – particularly at times when the sun is not shining. Soluna said the installations took place in the northern and southern suburbs over the past week.

ASX-listed aspiring gold developer, Middle Island Resources, is steadily building towards a mineable resource inventory at its historic Sandstone project in the central Goldfields in WA after recently reporting an increase in the total mineral resource that pushed it above 650,000 ounces of gold. The new resource now stands at 17.97 million tonnes going 1.13 grams per tonne for a contained 650,600 ounces of gold.

St George Mining is exploring for nickel-copper depth extensions at its Mt Alexander project in Western Australia, with a diamond hole currently around 795m below the surface. The hole is planned to target an exciting conductive feature below the Investigators prospect. Encouraging geology points to the potential for another nickel belt, parallel to the prolific Cathedrals Belt, according to St George.

Barton Gold’s due diligence on about 15 years’ worth of geological data may start to pay off shortly with a razor focused drill rig set and ready to test the more exciting geological targets at its Tarcoola gold project in South Australia. The company’s maiden exploration program will comprise up to 6,000 metres of RC drilling and will test for “mine-ready” extensions.

Kingwest Resources has lifted the total mineral resource at its historic Menzies gold project about 130km north of Kalgoorlie by a further 37 per cent after updating the estimate for the Lady Shenton deposit and unveiling a maiden estimate for the Stirling deposit. The revised global inferred and indicated resource for Menzies now stands at 4.78 million tonnes going 2.08 g/t for 319,900 ounces of contained gold, with much of it near surface.

Hot Chili is now a copper and gold producer and whilst it has spent a lot of time, money and effort proving up its Chilean projects, it spent nothing on CAPEX to start mining. Spurred on by fabulous copper and gold prices, Hot Chili has hit a big milestone with the start of mining at Productora four months ahead of schedule.

ASX-listed base metals hopeful, Blackstone Minerals, continues to put runs on the board in northern Vietnam as its company-owned drill rigs continue their run of success at the Ban Chang deposit within the Ta Khoa nickel-copper-PGM project with more lucrative looking sulphide nickel mineralisation presenting in the samples. Blackstone is chasing massive sulphide veins similar to its nearby Ban Phuc deposit, where previous owners produced 20,700t of nickel, 10,100t of copper and 67,000t of cobalt between 2013 and 2016.

Impact Minerals now has around $5.5m in its war chest after raising $3.24m in a heavily oversubscribed placement to follow up on past drilling that unearthed possibly the best platinum group result ever produced in Australia near Broken Hill in NSW. The project boasts a smorgasbord of mixed metals headlined by platinum, palladium, gold, nickel and copper.

Podium Minerals has kicked off on a resource drilling program at its Parks Reef platinum group metals deposit near Cue. The company aims to link up and fill in the gaps in the Parks Reef resource where there is little to no existing drilling and extend the total modelled resources over a combined length of 8.5 kilometres.

Godolphin Resources is gearing up for the second phase of drilling at its Mount Aubrey project in the revered copper-gold Lachlan Fold Belt in NSW, as it looks to join the plethora of gold hopefuls clamouring to transform historic mothballed mining projects into lucrative money makers once again. Earlier this year, Godolphin ploughed in 14 RC drill holes at Mt Aubrey, most of which intersected gold mineralisation.

ASX-listed Perth based Delecta Ltd has boots on the ground now at its REX uranium-vanadium project in the US where its field team has picked up some interesting rock chips grading up to 0.53 per cent U3O8. The samples also returned up to 1.36 per cent vanadium pentoxide, underscoring the historical uranium-vanadium occurrences in the region.

ASX-listed Norwest Energy, along with JV partner and Operator, Mineral Resources, has lodged the environmental plan to drill its highly anticipated Lockyer Deep gas exploration well located near Dongara, north of Perth. Norwest and Min Res are targeting a prospective resource of up to 1.2 trillion cubic feet of gas at the prospect that lies only 15kms north of Strike Energy’s huge West Erregulla gas find.

ASX-listed base metals explorer, Legend Mining, has continued to deliver broad hits from aircore drilling at its Mawson nickel-copper sulphide discovery within its Rockford project in WA’s revered Fraser Range district. The Perth-based company’s current aircore drilling program rattled off another half a dozen broad intervals this week ranging from 21m to 43m with anomalous nickel and copper values.

Lithium Australia’s patented “LieNA” process that could potentially change the economics of lithium processing by turning lithium waste ore into battery chemicals, is poised on the brink of commercialisation as the company looks towards its first-generation pilot-plant. LieNA takes fine spodumene ore that otherwise may have become waste and concentrates the lucrative lithium phosphate end-product by up to and greater than 85 per cent.

Tietto Minerals has continued its impressive run of success in Cote d’Ivoire, Africa with ongoing drilling returning high-grade gold intercepts from the depth extensions of the 2.15 million-ounce AG gold resource.

Lithium Australia said its 50 per cent owned lithium battery manufacturing subsidiary, Soluna Australia, is set to turn a profit by the end of December this year. Its modular lithium battery systems that can be linked to roof mounted solar panels can store unprecedented levels of energy for use at a future time when the sun may no longer be shining.

Classic Minerals has taken the plunge in a bid to generate some early cash flows from its Kat Gap project in WA, buying a mobile gravity gold concentration plant for the on-site processing of ore. The high-grade discovery at Kat Gap in the Southern Cross region includes a 1m drill hit going 10 ounces of gold to the tonne.

As Australian Potash clears the last hurdles on the pathway to production at its Lake Wells sulphate of potash project, the company has inked a third binding offtake deal with Tier 1 Mitsui & Co for 30,000 tonnes per annum of its “K-Brite” premium fertiliser. The third deal now brings the company’s total committed offtake to a remarkable 100,000tpa of the project’s 150,000 tonnes of sulphate of potash, expected to be produced annually from the West Australian mine.

Impact Minerals has locked in its ownership of the Blackridge conglomerate gold project, laying claim over majority of the historic goldfield in central Queensland.

Buru Energy has continued to swell its coffers with the first crude oil sale of the financial year from its Ungani oil field in WA’s Canning Basin. The latest oil lifting of 74,819 barrels is expected to net Buru around $1.6m for its share of the sale by the Buru-Roc Oil joint venture sold on a spot price basis.

ASX-listed Horizon Minerals’ operations remain ahead of schedule at its Boorara gold mine, 10km east of Kalgoorlie-Boulder with milling now underway at the nearby Lakewood mill and its inaugural gold pour expected next week. Horizon says ore mined to date, 80,000 tonnes at a fully diluted grade of 1.5 g/t gold, is in line with reserve modelling.

Emerging ASX-listed gold player Calidus Resources has received a significant cash injection towards the accelerated development of its flagship Warrawoona project 20km south-east of Marble Bar in WA’s East Pilbara region. The Perth-based company has raised $25 million before costs from a heavily oversubscribed share placement to sophisticated and professional investors of 49 million shares at 51 cents each.

ASX-listed King River Resources has been buoyed by tax credits of up to $975,000 under the Federal Government’s exploration incentive scheme, with the explorer confirming the tax office has approved its application to participate in the Junior Minerals Exploration Incentive program. The tax credits can be distributed to its Australian resident shareholders who are issued new shares from any of its capital raisings in 2020-21.

Seeking to complete a trifecta of polymetallic exploration successes in Vietnam, Blackstone Minerals has turned its sights to the Ta Cuong prospect. The company hopes its strategy of geophysical targeting may reveal a third lucrative deposit to add to its coffers already brimming with the spoils uncovered at the nearby King Cobra and Ban Chang prospects.

ASX-listed explorer King River Resources is set to crank up the drill bit next month at its high-grade Mount Remarkable gold project in WA’s East Kimberley region after delays caused by coronavirus pandemic restrictions. Bonanza near-surface gold hits from previous drilling included a best result of 4m grading 113.29 grams per tonne gold including 1m going more than 10 ounces per tonne.

Great Southern Mining has laid claim to the discovery of what could be a significant intrusion-related gold system containing polymetallic credits in its highly prospective Edinburgh Park project in North Queensland. In what is the first systematic gold exploration in the region, the company said its initial results produced all the hallmarks of a major mineralised system.

Undaunted by coronavirus-related delays, Barton Gold’s exploration plans are back on track as it prepares to kick off a drilling campaign aimed at resuscitating its Tarcoola gold project in the Gawler Craton, South Australia.

ASX-listed Lindian Resources has tabled world-class, high-grade alumina numbers at its Gaoual conglomerate bauxite project in Guinea, West Africa. The maiden indicated resource estimate for Lindian’s readily mineable surface deposit of 102 million tonnes at 49.5 per cent alumina includes uber-rich tonnage of 84Mt at 51.2 per cent alumina.

ASX-listed PharmAust Limited has delivered the final report on its successful Phase II clinical trial, using the Monepantel drug to treat cancer in dogs, to the US$8.8B market capped pharmaceutical giant, NYSE-listed Elanco. Under an option agreement inked two years ago with PharmAust, the animal health-focused mega-Pharma company now has six months to take up the option to licence, manufacture, and market Monepantel globally.

Hammer Metals has returned further encouraging assays from drilling of the Target 1 prospect at its North Orelia gold project in Western Australia’s Yandal greenstone belt, which boasts an enviable gold endowment of 24 million ounces. Better intersections from the first 66 holes, or 3,889m, of a planned 8,000m aircore program were 4m grading 5.79 grams per tonne gold from 40m depth and 4m going 4.38g/t gold from 48m.

Classic Minerals has tabled first pass metallurgical numbers from its Kat Gap project near Southern Cross, WA. The test work results show an average gold recovery at Kat Gap of up to 75 per cent in the oxide material using a low-cost gravity separation process. Conventional cyanide leaching of the gravity gold concentrate showed between 95 per cent and 96 per cent recovery from oxide and fresh ore.