Announcements

Kingwest Resources’ First Hit prospect has broken its own solid gold records, smashing out three metres with an incredible five ounces to the tonne gold that also includes a smaller two metre zone going 237.5 grams per tonne - over 7.5 ounces of gold to the tonne. Another stellar result was 5m grading 13.1g/t from 32m - an important result confirming the presence of the Stirling lode, above Lady Shenton.

Novo Resources continues to demonstrate the developing potential of its Pilbara conglomerate gold hosted Egina and Beatons Creek deposits with ongoing high-tech mechanical test work squeezing out more and more fine gold from the ancient rocks. A small sub-sample of Egina concentrate was “seeded” to determine the effectiveness the German-based TOMRA mechanical ore sorting testing equipment and the company said that 120 out of 120 of the seeded nuggets were recovered.

Australian Potash has remarkably penned its second offtake deal during turbulent times, securing another “take-or-pay” partner for nearly half of all its “K-Brite” premium Sulphate of Potash fertilizer to be produced annually from its WA Lake Wells project. The exceptional and binding ten-year term sheet has been agreed with Singaporean tier one, Migao International, who produced over one million tonnes of specialty fertiliser during 2019 from seven facilities across China.

Middle Island Resources’ punt that the ground surrounding its Sandstone gold project in WA might be harbouring rich pickings appears to be paying off after the Perth based company experienced some extreme success with the drill bit recently. The best result from the latest drill campaign came in at an exceptional 4 metres grading nearly three ounces to the tonne gold from the McClaren prospect.

ClearVue Techologies and Netherlands-based eLstar Dynamics B.V are planning to develop the ultimate remote controlled, energy generating “smart window” by combining both companies proprietary technologies into one window. The partners have penned a synergistic agreement that will combine Clearvue’s window glass energy generation technology with eLstar’s dynamic/switchable and dimmable glazing technology. The partners are planning to develop a window that can be controlled remotely whilst generating its own power.

At a time when health care has never been more prominent in the minds of many and home care solutions are more urgently sought, Intelicare’s artificial intelligence powered, in-home monitoring system for the sick and elderly is set to come into sharp focus. As the company seeks to ride on the coat tails of an ageing baby boomer population, its upcoming public listing on the ASX would seem exquisitely timed with the elderly confined to quarters right now due to the Coronavirus and largely quarantined from their loved ones.

Rapidly expanding ASX-listed automotive conglomerate, AMA Group, has negotiated revised terms with Insurer Suncorp, for its Capital SMART panel repair business, with the new terms to include increases in average repair pricing and increases in volumes. AMA said the new agreement with Suncorp recognises the additional costs associated with repairing modern vehicles safely, including the increasing costs of new technologies such as Advanced Driver-Assistance Systems.

Ora Banda Mining has landed multiple, wide drill intercepts along a one-kilometre strike south of its main Riverina gold deposit, located 48 km north-northwest of its Davyhurst mill in WA. Riverina already has a total resource of 280,000 contained ounces of gold albeit an upgrade is almost certain now with new hits like 13m at 4.59 g/t gold from 63m, including 3m at 10.1 g/t gold.

Hot Chili has transformed the Cortadera copper-gold deposit, one of Chile’s best kept secrets, into a company maker and it has now bought itself another 12 months to pay for it as the company continues to drill it out and get a handle on just how big Cortadera might be. The deal removes the need to raise money during the Coronavirus calamity, which has also caused the US dollar to tank.

Ardiden Limited has amassed a huge land bank after securing 165 square kilometres of prospective leases adjacent to its Pickle Lake gold project in Ontario, Canada, taking its total land-holding in the gold-rich greenstone belt to 664 square kilometres. Ardiden said its lease position is the largest in the region and comparable with the world class Red Lake gold district located approximately 200 kilometres west of Pickle Lake.

Just 12 months after taking the helm at ASX-listed agricultural company, Alterra, Oliver Barnes has successfully pivoted the company and made good on his business model to create long term investment grade agricultural assets that are attractive to the institutional investment market. Alterra is set to become one of WA’s leading avocado orchard developers after leasing 300ha of prime land near Pemberton in WA.

Troy Resources has recovered 4,528 ounces of gold since mining re-commenced on January 10th this year at its Karouni gold project in Guyana South America, with much of the precious metal coming from the Hicks-4 pit that recently booked a three-fold reserve upgrade. Head grades have also been solid with the average grade for the quarter coming in at 2.2 grams per tonne gold.

ASX-listed explorer, St George Mining has shone a light on some 35 kilometres of prospective geology in the revered Paterson province in the eastern Pilbara of WA after a new aeromagnetic survey lit up several potential copper and gold exploration hotspots. The geophysical survey represents the company’s inaugural field work program in this prolific mineral province and it has now applied for co-funding under the WA Government’s Exploration Incentive Scheme.

Ora Banda Mining has updated the mineral resource estimate for its historic Golden Eagle mine, located just 3.2km from its Davyhurst processing plant, in WA’s Eastern Goldfields, with an initial underground resource of 49,000 ounces of gold. The upgrade totals 393 kt at a higher grade of 3.9 g/t gold at a cut-off grade of 2.0 g/t to reflect the potential to mine this deposit by conventional underground mining.

Local heavy rare earths producer, Northern Minerals has upgraded the mineral resource estimate for its Dazzler deposit in north-eastern WA by 50 per cent to 214,000 tonnes and delivered a small uplift in grade to 2.33 per cent total rare earth oxides. The company said Dazzler is now the second largest deposit at its Browns Range heavy rare earths project, behind the Wolverine resource.

Venus Metals continues to zero in on the Penny South prospect at its Youanmi gold project. The company’s latest geophysical program has highlighted five priority EM targets at the high-profile project which is located immediately along strike from Spectrum Metals famed Penny West gold deposit. The company is now planning a follow up program with detailed ground EM and deep RC drilling planned for the coming months.

In an extraordinary move amid the Coronavirus inspired market carnage, Blackstone Minerals has managed to place $6.8m at a 62% premium to market to giant South Korean battery materials manufacturer, EcoPro. EcoPro owns the world’s 2nd largest nickel-rich battery cathode manufacturer and the largest operation of its kind in Korea. EcoPro is looking to get exposure to Blackstone’s Ta Khoa Nickel-Platinum project in Vietnam.

Lithium Australia has received its certificate of grant from IP Australia guaranteeing up to 20 years of patent protection relating to its “LieNA” lithium processing technology. LieNA takes fine lithium spodumene ore and concentrates it by up to and greater than 85%. Traditional recovery methods are currently as low as 50%, with the rest going to waste, according to Lithium Australia.

Neometals has levered its vanadium metallurgical processing smarts to team up with unlisted Scandanavian energy metals player, Critical Metals Ltd to jointly evaluate the viability of building a ground-breaking vanadium recycling plant that will harvest vanadium from “slag”, or waste produced by global steel company, SSAB. SSAB has been stockpiling its vanadium rich steel waste product that Neometals says might be the highest grade vanadium feedstock in the world.

ASX-listed, smart home technology provider, Quantify Technology, has secured yet another sales contract through its east coast distributor, Harvey Norman Commercial, taking its “smart” light switches, power points and related hardware into a new, high-end residential development in Sydney. The three-year contract, worth in excess of $450,000, gives it exclusive rights to install its smart devices into thirty-six innovative, high quality apartments and townhouses being developed by Dilcara.

ASX-listed ‘software-as-a-service’ provider, K2fly, said this week that it expects to be cash flow-positive for the first time in the current quarter as the total contract value of its multi-year, mining client contracts hike by a spectacular 793% year on year. The rapidly growing tech company has seen its quarterly invoicing almost double, year-on-year whilst this year’s invoicing has already surpassed its total FY19 invoices.

Australian Potash is moving to the due diligence phase of its application for federal funding through the Northern Australia Infrastructure Facility to support the DFS for its Lake Wells SOP fertilizer project near Laverton in WA. Whilst there are no guarantees, the company said the transition from the strategic assessment phase to due diligence was a positive step in its plans for funding support at Lake Wells.

Venus Metals and its JV partner Rox Resources have produced some exceptional gold grades from the Grace prospect at the Youanmi project near Mt Magnet WA including 7m grading 54.6g/t gold from just 8m downhole. The Grace prospect sits neatly between the old Youanmi pit and the mothballed mill and is shaping up as a standalone deposit in its own right. Other exceptional results tabled this week include 6m grading 5.7g/t from 24m.

Adriatic Metals has systems kept its foot on the gas at its remarkable poly-metallic Vareš project in Bosnia with the ASX listed company continuing to successfully manage the global coronavirus pandemic right across its operational areas and only experiencing minor delays as a result of some border closures. Adriatic has already drilled 2,800 metres this year of a planned 20,000m program between an impressive five drill rigs.

Terrain Minerals has offloaded its Great Western gold project near Leonora to ASX-listed Red5 under an option agreement that will see Terrain receive $2.2 million worth of Red5 scrip. The company has already pocketed $300k from Red5, who purchased the option for the Great Western project in November last year. Terrain will use the funds to launch exploration programs at its Wild viper and Smokebush projects.

Neometals has completed pilot plant testing on its potentially lithium-ion battery recycling technology with the work pointing to high recoveries of nickel, cobalt and other valuable battery materials such as lithium from spent and scrapped batteries. The company’s proprietary hydrometallurgical process can then turn the metals into a host of chemicals for re-use within the lithium supply chain. Commercial-scale feasibility studies and demonstration trials in Europe are next.

Lithium Australia will focus on ramping up revenues from its Envirostream battery recycling plant in Melbourne whilst implementing targeted austerity measures to preserve as much of its $3.3m cash balance as it can throughout the global COVID-19 crisis. The company also said it is expecting Soluna Australia to generate revenues from battery sales during the current quarter whilst exploration and technology development expenditures are deferred.

Impact Minerals has been awarded a $75,000 grant from the New South Wales Government in a nod to the company's technical accomplishments at its Broken Hill project. The windfall was awarded by the New Frontiers Cooperative Drilling grants programme and Impact will use the money to explore its NSW play for nickel-copper-platinum group metal deposits.

With the world crying out for non-fossil fuels and the uranium supply and demand curves predicted to cross over soon, Deep Yellow is sitting on a veritable powerhouse of uranium assets in Namibia that are moving rapidly towards being production ready ahead of an expected uranium price hike. In recent drilling at the Tumas 3 deposit, 85% of drill holes returned a result greater than 100ppm eU3O8 over 1m.

ASX-listed St George Mining’s latest geophysical program has identified potentially game changing new areas at depth along the Cathedrals Belt, some of which are untested for nickel-copper-cobalt-PGM mineralisation. The surveys were conducted to give the company an insight into the geological structure to depths of more than 5km. The surveys lit up multiple areas of interest that may either play host to nickel-copper sulphide mineralisation or show where faults are hiding.

Anglo Australian Resources has managed to get a drilling program going at its Mandilla project near Kalgoorlie in WA as many mining and exploration companies come to terms with operational restrictions as a result of COVID-19. The company has started on a program of three diamond drill “tails” that will test the extents of gold mineralisation at Mandilla East to 200m. It will also drill 27 RC holes at the project.

Venus Metals has completed a heliborne EM survey over its Bellchambers gold project east of Sandstone in WA. The company has zeroed in on ten new high priority targets that are sitting on the Western Ridge ‐ Mickey Well gold mineralised trend. It has identified 25 new targets in total at Bellchambers as a result of a recently completed “Xcite” airborne electromagnetic survey.