Announcements

Middle Island Resources is set to build on its exceptional success at Sandstone with its Phase 2 drill campaign already underway. The new campaign comes hot on the heels of the company’s recent run of discoveries with five new gold deposits uncovered during Phase 1. The company is looking to upgrade its existing resources whilst keeping one eye firmly trained on even more new discoveries.

Ora Banda Mining’s turnaround of Eastern Goldfields Ltd’s Davyhurst gold project has been remarkable after the new owner this week racked up 2m ounces in gold resources. The company has posted an impressive 46% increase in the underground resource at Riverina, adding 139,000 ounces to the project that went onto care and maintenance after Eastern Goldfields went belly up in 2018.

Classic Minerals has fired up the drill rig again at its Kat Gap gold deposit near Southern Cross in WA with the dual aims of infilling its existing 92,856 oz resource and testing for extensions of the deposit. Classic will no doubt be looking to duplicate recent high-grade hits that returned double-digit grades up to a serious two ounces of gold to the tonne.

Calidus Resources has struck upon a bold growth strategy as it steams towards the development of its rapidly advancing Warrawoona gold project in the Pilbara. Drilling has kicked off at its flagship Klondyke deposit, targeting the rich inventory of gold speculated to sit below the existing resource.The company is scrubbing up a pipeline of resources to extend the life of the developing mine.

Blackham Resources’ Golden Age gold deposit at Wiluna is living up to its name, delivering some outstanding high-grade drill results. Underground drilling of the reef continues to produce impressive intercepts including 1.8 metres at 39.68 g/t gold, 2.6 metres at 21.74 g/t and 2.7 metres at 17.32 g/t gold. The company is getting set to deliver on its staged upgrade to start mining the sulphides.

Buru Energy has received an extra US$200,000 in cash for its share of the recent sale of crude oil from its Ungani oil field in Western Australia’s Canning basin. Buru’s third oil sale for the year originally settled in mid-May at A$1.2m, net to Buru, however contractual terms saw the final price tag upped by USD $200k due to rising oil prices throughout the month of May.

ASX-listed PharmAust Limited has produced some early stage positive results from laboratory testing of the effects of its anti-cancer drug, Monepantel, on the Coronavirus. The testing, which took place at the Walter and Eliza Hall Institute of Medical Research in Melbourne, showed suppression of the virus by between 50% and 95% after treatment by Pharmaust’s Monepantel.

Blackstone Minerals has vectored in on a new massive sulphide nickel vein at its Ban Chang prospect in Vietnam with two separate drill holes intersecting the vein 200m apart within metres of where its EM plate modelling says it should be. One hole intersected 1.05m of massive sulphides from 58.5m whilst the second hole hit 1.2m of massive sulphides from 87m down hole.

Hot Chili is fast-tracking the development of its world-class copper-gold project in Chile after the ASX-listed company inked an agreement with Chilean Government owned ENAMI, to mine and process the high-grade copper-gold ore from its massive Productora porphyry project. The proceeds from the deal will underpin the development of Hot Chili’s nearby Cortadera porphyry deposit that is even more impressive.

ASX-listed Primero Group has become a “substantial” shareholder on the unlisted Barton Gold’s share register as the private equity backed company gears up its ready-to-mine South Australian gold assets and makes preparations to go public. Barton has a swag of solid mining assets in South Australia that it will list on the back of including the high-grade but mothballed Tarcoola open pit gold mine.

Middle Island Resources has continued its extraordinary track record at the Sandstone project in Western Australia, identifying a fifth new gold deposit from its latest drilling program that took in an impressive 13.4 kilometres. The company’s recent evaluation of historical data identified the Ridge prospect, which contains solid intercepts like 13 metres grading 3.81 grams per tonne gold from just 24m.

Kingwest Resources continues to hit gold at depth at its Menzies project 130km north of Kalgoorlie after it hit its deepest-ever intercept below the Princess May shoot, returning a metre at 25.4g/t gold from 731.5m. Kingwest said the result proves that gold mineralisation continues below level 21 at the underground workings beneath the historical Yunndaga open pit.

Impact Minerals has picked up an interesting suite of five tenements that it believes are prospective for nickel-copper-PGM in the south-west of WA’s Yilgarn Craton. The tenements will be known as the Arkun project. The Yilgarn craton is revered for its gold, nickel and copper deposits. However, more recently, interest has turned to the rare suite of platinum group elements in the area.

Blackstone Minerals is once again headed into the jungle surrounding its Ta Khoa nickel-copper-PGE project in Vietnam. It has kicked off an aggressive program of geophysics and drilling to hunt down more high-grade repetitions of its impressive Ban Phuc nickel mine. The company continues to produce a wealth of sulphide targets and high-grade nickel results that should boost its scoping study.

InteliCare’s in-home monitoring technology for the sick and the elderly made a spectacular debut on the ASX this week with the company’s shares running hard from 20c to a crescendo of 58c for the week. Lead Manager, JP Equity closed the book early after getting a flood of bids totalling $6.2m against the targeted $5.5m, which caused scale backs and a flurry of on market buying.

Element 25 has completed a deal that will see it sell a portfolio of royalties it was holding over multiple projects for around A$500,000 worth of shares in TSX-listed specialist royalty company, Vox Royalty Corp. Element 25’s stock doubled recently from 20c to 40c after the market consumed its PFS and unlike many other flash in the pan ASX-listed company share price runs – it stayed there.

Great Southern Mining has racked up another successful exploration program at its Edinburgh Park Project in north Queensland, with a recently acquired hyperspectral dataset lighting up a litany of interpreted geochemical footprints of mineralised porphyry, epithermal gold-silver and intrusive related copper-gold and multi-metals systems.

ASX-listed Lithium Australia has formed an alliance with neighbour and fellow ASX-listed explorer, Australian Vanadium and privateer, Mercator Metals to explore for nickel-copper-PGE across contiguous tenements in the hills east of Perth. Lithium Australia said the alliance will target look-alikes to ASX-listed Chalice Gold Mines’ nearby Julimar project where a significant nickel-copper-PGE discovery was made just 29km to the northwest.

Calidus Resources has entered into a Heads of Agreement to earn up to 70 per cent of the prospective looking Otways Project, located just 50km from its flagship Warrawoona gold project in the Pilbara. The initial part of the deal with ASX-listed Rugby Mining Limited, will see Calidus spend $200K on the Otways project and put 1,200m of RC drilling into it over 12 months.

Canadian-focussed Ardiden Limited is all set to kick off a diamond drilling program at the Kasagiminnis deposit where recent work adds significant weight to the prospectivity of its Pickle Lake project. The Kasagiminnis deposit contains a maiden resource of 110,000 ounces grading 4.3 grams per tonne gold and the company has set an exploration target of between 500,000 and 1.2m ounces.

On the back of a recent find at its Paradise alluvial gold prospect in the Pilbara, TSX-listed conglomerate gold pioneer, Novo Resources, has uncovered a new, fresh, shallow, alluvial gold-bearing channel at its Egina project in WA’s northwest. Novo said the new channel that ties in well with its gold-bearing gravel terrace geological model has a width of 350m and a gravel thickness of 0.5-2.0m.

ASX-listed Venus Metals has entered into an option agreement with local prospectors to acquire a 90 per cent interest in an interesting looking base metals and gold land package. The agreement covers seven exploration license applications over an area of 1,366 square kilometres across the Narndee-Windimurra layered intrusive complex, just 15km west of the Youanmi igneous complex that hosts Venus’ Youanmi gold interests.

Neometals has lifted the nickel resource at its Mt Edwards nickel project in WA yet again after expanding the resource at its Gillett deposit by a sizeable 30 per cent. Gillett now stands at 22,500 tonnes of contained nickel that sits between 80m and 350m below surface. Gillett is one of eleven ‘short lead time’ deposits that Neometals is building.

Legend Mining believes it is closing in on the ‘big one’ at Mawson’s with drilling intersecting 30 metres of massive sulphides. The drill hole was designed to test a strong, ‘off-hole’ geophysical conductor and returned three zones of strong massive sulphide mineralisation. The drill core samples are now headed for the lab with an estimated three-week turnaround for results.

Ora Banda Mining continues to exceed market expectations with ore reserves at its Davyhurst gold project leaping an impressive 60 per cent. This latest update puts 330,000 ounces of gold into Ora Banda’s mine inventory and underpins the company’s DFS. Pit design and financial modelling are nearing completion while mine scheduling is well advanced and due to be delivered in June 2020.

ASX-listed Coziron Resources has promoted its technical guru and Director, Dr Rob Ramsay to the role of Managing Director and CEO as the company seeks to add value to its exciting Top Camp gold prospect in the Pilbara. Coziron’s board said Ramsay has been with Coziron for 12 years and played a central role in the discovery of high-grade gold mineralisation at Top Camp.

Altech Chemicals’ research in Germany on high purity alumina used in lithium-ion batteries shows that only the pinnacle quality of HPA is safe and efficient. The research underscores Altech’s high quality “4N” HPA product and makes stark comparison to lower quality products sometimes used that were shown to leach sodium from the batteries and cause discharge problems.

88 Energy has received an endorsement from the directors of ASX-listed XCD Energy in the latter’s target statement responding to 88 Energy’s formal takeover offer announced on April 24th. The XCD board has unanimously endorsed 88 Energy’s offer of 2.4 88 Energy shares for each XCD share held and 0.7 88 Energy shares for each XCD listed option.

Blackham Resources' expansion strategy at its Wiluna Mining Centre is looking the goods with its latest drill campaign throwing up some exceptional grades from shallow depths. Best numbers include 14.45 metres at 17.16 g/t gold and 6 metres at 53.73 g/t gold that included a 1m intersection going an impressive 9 ounces to the tonne gold.

Kairos Minerals has locked away a $4.2 million capital raise corner-stoned by billionaire gold bull and fund manager Eric Sprott. Kairos is hoping to emulate the stunning success of neighbour, De Grey Mining and join the prestigious ‘million-ounce club’ in the coming months with the money. An extensive fieldwork campaign will kick off in early June, with drilling in July.

ASX-listed Proteomics International has received a $200,000 boost in funding courtesy of the WA Health Department and the WA Health Translation Network to develop a rapid test for COVID-19 and undertake some ground breaking research into why it attacks some worse than others. Proteomics will make use of its state-of-the-art facilities at the QE11 Medical centre.

After a successful round of greenhouse tests, Lithium Australia is set to undertake field trials for its spent alkaline battery waste fertiliser product near Kojonup in Western Australia’s Wheatbelt. It is aiming to deliver recycled manganese and zinc as micro-nutrient supplements to WA’s broad acre pastoralists in a region that produces around 14 million tonnes of grain annually.