Announcements

In a move that will bring Horizon Minerals’ gold assets to the fore, the Perth-based company will divest its Nadine Well West Australian copper project to Cyprium Metals Limited for $1.5m in cash and Cyprium shares in a deal that will see Horizon retain exposure to the prospective copper-gold-PGM region in the Murchison district.

Troy Resources has weathered the challenges of Guyana’s wet season, producing impressive drilling results while maintaining operations at its Karouni gold project in South America. The standout diamond drilling results from underneath the existing Smarts open pit include a 32-metre zone grading 4.29 grams per tonne gold from 168m down hole. At the Goldstar prospect, near surface RC results also include 17m grading 2.21g/t gold from just 3m.

Emerging ASX-listed gold player Calidus Resources is set to kick off an initial round of regional drilling at its recently acquired Otways gold-copper project in the Pilbara, in tandem with continued drilling to beef up a maiden ore reserve estimate at its developing Warrawoona gold asset, about 50km away also in the Pilbara.

Hot Chili has the drill rigs firing again at its Cortadera copper-gold project in Chile, zeroing in on extensions to the high-grade zones across a 2.3km strike that is likely to form the backbone of an imminent maiden resource at the project. Hot Chili has doubled the size of the mineralised system in less than 18 months at Cortadera which the company believes may propel it to Tier 1 status.

ASX-listed oiler, 88 Energy will now mop up all remaining stock in its Alaskan neighbour, XCD Energy, after its takeover bid secured 90.97 per cent of XCD’s shares and 93.31 per cent of listed options. Its all-scrip bid as originally announced back in April went unconditional last month after the company achieved the 50 per cent required threshold.

ASX-listed high purity alumina player Altech Chemicals has reached the next construction milestone of its proposed US$280 million processing plant development at Johor Bahru in Malaysia as it works towards a production start-up target of 2023. Engineering, procurement, construction and commissioning contractor, German engineering firm SMS, has now completed the remaining component of the Johor Bahru project’s stage two work – an electrical substation – at the Altech plant site.

As Novo Resources ramps up to a full 2020 exploration program capacity, the company has continued to produce impressive results showing ‘proof-of-concept’ that its Egina Terrace in the Pilbara is host to an extensive shallow gold-bearing gravel deposit. Bulk samples from broad areas across the Egina mining lease have yielded gold particle counts exceeding 48 particles per tonne from consecutive sample pits.

Uranium exploration is undergoing a resurgence as the world grapples with the challenge of feeding a seemingly unending appetite for energy. Against this backdrop, ASX-listed Deep Yellow is sitting on a veritable powerhouse of potentially stored nuclear energy across its portfolio of Namibian uranium projects. The latest drilling results from its Nova JV point to what could be the addition of another significantly mineralised system.

Classic Minerals has reported a spectacular high-grade gold drill hit from a new mineralised zone at its Kat Gap deposit in WA. The company’s resumed drilling campaign returned an intersection of 4m grading 76.72g/t gold from 79m depth including 1m going a whopping 304g/t gold from 82m or an eye-watering 10 ounces of gold per tonne.

Wiluna Mining is continuing to deliver strong results from its namesake project located in the north-eastern Goldfields of Western Australia. The Golden Age deposit and adjacent Lennon Zone are both looking likely to supplement the company’s free milling ore pipeline, with the newly identified material set to improve cash flow for the coming 15 months and assist the company in funding its transition to stage two sulphide ore production.

ASX-listed mining “software-as-a-service” provider, K2fly, has continued to expand its mining software offerings by partnering with Wesfarmers-owned Decipher, to create an integrated monitoring and governance platform for tailings storage facilities. The partnership provides an elegant solution to effectively manage mineral waste – a hot topic concerning industry, regulators and environmentalists.

ASX-listed gold explorer, Great Southern Mining, has launched a new drilling campaign at its 100% owned Mon Ami gold project near Laverton in WA to follow up on previous high-grade RC drill hits. The positive results from its 2018 program culminated in a maiden resource estimate of 1.1 million tonnes of ore averaging 1.7 grams per tonne for a contained 59,000 ounces.

ASX-listed mineral sands miner, Image Resources, has managed to relieve itself of a previously unloved heavy mineral concentrate inventory that was mounting in the wake of uncertain economic conditions brought on by coronavirus restrictions. The company’s key Chinese offtake customers have now purchased 100,000 tonnes of HMC from the Boonanarring mineral sands operation 80km north of Perth.

ASX-listed base metals hopeful, Blackstone Minerals, has purchased another diamond drill rig to accelerate its exploration at the emerging Ban Chang nickel prospect where it is looking to take the closed down Ta Khoa processing plant out of mothballs. The third rig in the company’s armoury will pepper Ban Chang with new holes after its first round of drilling there encountered sulphide nickel mineralisation.

Another weighty suite of nickel-copper-cobalt results from Legend Mining’s Mawson prospect in Western Australia’s Fraser Range has again eclipsed all previous drill numbers, with combined intercepts from two separate drill holes spanning a length of 53.85 metres and nearly 100 metres respectively. Included in the new results is a 19.2m interval grading 1.69 per cent nickel, 1.23 per cent copper and 0.09 per cent cobalt from 97.9m.

Kingwest Resources has identified multiple new high-grade lodes at its Menzies gold project in Western Australia. The company is now undertaking optimisation studies on its near surface gold resources to determine how the recent aggressive drilling campaign has potentially enhanced the economic viability of the project. New high-grade lodes have been discovered at the Central Zone.

PolarX has set the date for two diamond drill rigs to arrive on site at its exciting Zackly East gold-copper prospect at its USA based Alaska Range project. Around 3,000 metres of diamond drilling is planned to follow up on previous broad, high-grade gold and copper hits including an impressive 55m intersection grading 2.8 grams per tonne gold and 0.6 per cent copper.

ASX-listed mining “software-as-a-service” provider, K2fly, has defied the financial fallout of the global coronavirus pandemic as its RCubed mineral resource and reserve reporting software solution continues to attract more resources big hitters. The latest multinational group to take up K2fly’s mineral resource governance software package is French-headquartered nuclear energy giant, Orano, who has signed a five-year contract with K2fly that has a total value of A$300,000.

Just weeks after Kairos Minerals moved to double its Pilbara land holdings, the Perth based company has collected a suite of high-grade rock chips going up to nearly 13 grams per tonne gold at its Skywell project in the Pilbara with five samples coming in at an average grade of 4.8 grams per tonne gold across a 130-metre length of outcropping quartz vein.

Venus Metals and Rox Resources have kicked off an RC drilling program at their Penny West Deep South and Sovereign prospects at the JV partners’ Youanmi gold project in WA as they continue their quest to revive the historic gold mining region. The partners have already enjoyed significant success at the project with long, ounce plus intersections already rolling off the drillbit at Youanmi.

Element 25’s sub-sampling of diamond core drilled back in 2013 from the Coodamudgi deposit resulted in manganese grades going up to 42.3 per cent right from surface. Coodamudgi is located near the company’s Yanneri Ridge resource within its Butcherbird project in the Pilbara. Butcherbird already has an outstanding pre-feasibility study wrapped around it showing a pre-tax NPV of $283m at a manganese concentrate grade of 33 percent.

Blackstone Minerals’ Ban Chang prospect has delivered another set of impressive numbers with a nearly 10 metre long drill intersection going 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt and 0.7 grams per tonne platinum, palladium plus gold, from 57m down hole. The new result is from a step-out hole at the company’s Ta Khoa nickel-copper-PGM project in Vietnam that was drilled over one kilometre away from Blackstone’s maiden hole at Ban Chang.

Middle Island Resources' Sandstone project looks to be the gift that just keeps on giving with latest drill results showing a 4m hit going 50.5 g/t gold which includes a 1m section at a crazy 198 grams per tonne gold – and only 3 metres from surface. Additional results from the Ridge prospect are expected to flow over the coming weeks.

St George Mining has entered the next phase of development and drilling at its Mt Alexander nickel sulphide project in Western Australia. A deep diamond drilling program kicked off this week at the Investigators prospect with the collaring of a massive, 800-metre deep hole targeting the depths of the ore system. The company has now completed drilling at the Stricklands deposit with a maiden resource expected in weeks.

ASX-listed tech player, Aurora Labs’ 3D metal printing business strategy has pivoted from a manufacturing and distribution model to a less costly and lower risk partnership, licensing and royalty model. The major strategic shift follows the completion of a review of the company’s 3D metal printing technology to determine what is needed over the next 12 months to advance its fast RMP-1 printer in particular towards commercial readiness.

Venus Metals and JV partner, Rox Resources have tabled their first set of metallurgical test work numbers at the Youanmi gold project in West Australia’s Goldfields. The results show an impressive average gold recovery from the oxide material at the Grace prospect of 97 per cent. The test work also returned a gold recovery of 94 per cent in oxide material at the Plant Zone and Main Lode.

With the gold price piercing the US$1,800 per ounce mark and threatening to test the A$2,600/oz level, emerging gold developer, Calidus Resources, is moving quickly to get its ducks in a row in order to meet an accelerated development schedule at its planned $116 million Warrawoona gold project in WA’s East Pilbara district.

ASX-listed Great Southern Mining has hit visible gold in drill core from quartz veins from 164.5m down-hole at its high-grade Cox’s Find underground gold deposit near Laverton in WA’s Goldfields. Assays are being fast-tracked after one diamond hole was drilled immediately down-plunge from historical workings where high-grade gold mineralisation was observed last year.

After a hiatus period that was partly caused by Government policy decisions and COVID-19, Northern Minerals is looking to start producing rare earths in WA again. The company has begun planning the logistics to restart its Browns Range pilot plant in WA’s Kimberley region which will be the only substantial heavy rare earths producer outside of China.

Ora Banda Mining has delivered its inaugural definitive feasibility study at the Davyhurst project in WA that it picked up when Eastern Goldfields went bust. The DFS is underpinned by an existing 1.2 million tonne per annum processing plant, which is reflected in the project’s extraordinarily low CAPEX figure of just AUD$45m that it intends to pay back in only 14 months.

Legend Mining’s ascension from ‘explorer’ to the ranks of ‘discoverer’ has been an admirably fought geological crusade in Western Australia’s Fraser Range, with its Mawson prospect returning another cracking suite of nickel-copper-cobalt assays. Spectacular visible massive sulphide intersections previously pointed to the potential for some exciting grades, however, the latest numbers went beyond expectations with nearly 36 metres of combined high-grade mineralisation.

Barton Gold is set to launch into a new drilling campaign at its Tarcoola gold project in South Australia, with a recent geophysical survey identifying ten, shallow, near-mine targets for testing. The company has already issued a 10,000 metre drilling contract, with the rods set to start turning towards the end of July 2020 and continue through into September.