Announcements

Coziron Resources looks to be onto a gold mineralised system at its Croydon project in the Pilbara as it vectors in on the higher grades at the project. One 8m intercept from its first pass drill program went 10.2g/t gold and 11 of the 13 drill holes were mineralised. Intercepts were clustered around the Top Camp prospect where gold anomalies were recorded from earlier soil and auger samples.

A trip to the Mines Department appears to have paid off in spades for Kingwest Resources who has unearthed a treasure trove of lucrative looking historical face sample results taken along development drives and rises at its Menzies project. The results from 1924, show some amazing grades along the faces such as 22.3g/t gold over 31m of development at an average sampled width of 2.1m.

Kairos Minerals has spied visible gold amongst an extensive array of gold mineralised soil anomalies at its Fuego Prospect in the Pilbara region of W.A. It said that multiple gold-in-soil anomalies have defined an in-situ gold target at Fuego over 10km of strike that contains results above 30ppb of gold. The company will now use an EIS State Government grant of $150,000 toward its next RC and diamond drilling campaign.

ClearVue’s solar window glass technology is gaining momentum and now has a firm foothold in renewable energy markets across the globe. The Perth company is now on the radar of the global smart product building industry. ClearVue has developed two products that can be fitted to window glass that are capable of turning the glass into an energy generating panel.

Ora Banda Mining has increased its Waihai gold resource by 190% to 2.46Mt grading 2.6g/t gold for 206,000 ounces. The company’s total Davyhurst project mineral resource now stands at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces. A swathe of new drilling metres has been ploughed into the broader Davyhurst project with the global resource now sitting at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces.

Australian Potash has received positive feedback from the EPA who found no material issues or fatal flaws with its over-arching environmental review document for the Lake Wells sulphate of potash project near Laverton. The ASX-listed company will now address issues raised under the staged assessment process and resubmit its environmental document for the final approval stage with a view to clearing one of the largest project hurdles.

Horizon Minerals has kicked off what is shaping up to be a highly anticipated drilling and resource development program at its newly acquired Rose Hill project near Coolgardie in the prolific Goldfield’s region of WA. The project already boasts a resource of some 1.2 million tonnes grading 2.49 grams per tonne for 95,200 ounces of gold and recent excellent intersections include 11m grading 8.79g/t gold from 43m and 10m grading 6.28g/t gold from 28m.

Ardiden Ltd has invited veteran Geologist and its current CEO, Rob Longley, to step up into the Managing Director’s chair as the company sets its sights firmly on its Canadian gold exploration and development assets. Mr Longley recently drove the doubling of Ardiden’s ground position at its Pickle Lake gold camp in Canada where it is sitting on an initial resource of 110,000 ounces grading a respectable 4.4g/t gold.

Black Rock Mining is gearing up to develop its Mahenge graphite mine in Tanzania, having now opened three offices at local villages. The Mahenge graphite project boasts a 212 million tonne resource grading a respectable 7.8% total graphite content and the company says it has now established key relationships with locals and Government, both of which are key requirements for doing business in Tanzania.

AVZ Minerals is on track to deliver its definitive feasibility study in the coming months, with phase two metallurgical test work delivering an exceptional batch of results that reinforce the scalability of its giant Manono lithium and tin project in the DRC. AVZ said that it had produced a lithium concentrate grading 6.3% during testwork, easily surpassing the generally accepted threshold of 5%.

Listed telco innovator, Vonex, has entered into a preliminary agreement with the Canadian company, Silverstream SEZC, to sell its legacy entitlement to future iron ore production royalties from the Koolyanobbing Iron Ore Project. Subject to a definitive sale and purchasing agreement being executed and certain milestones being met, Vonex will receive total consideration of AUD$2.5 million in three instalments.

Podium Minerals has just booked a stellar PGM resource upgrade at its Parks Reef platinum, palladium plus gold project near Cue in Western Australia, that also boasts some copper and nickel credits. A 54% upgrade in the inferred mineral resource has delivered 1.14m oz of contained platinum, palladium plus gold and the copper credits now stand at 37,300 tonnes of contained copper.

The AMA Group has acquired New Zealand’s Fully Equipped Group that will complement its existing automotive component accessory division. The Fully Equipped Group manufactures and distributes automotive spare parts and accessories, predominantly for the off-road and utility market. Fully Equipped is based in Hamilton, NZ and has distribution centres on both the north and south islands. The company said it expects the acquisition to be EPS accretive by FY20.

Neometals has bagged more massive nickel sulphide intercepts at its Armstrong deposit, just 90km south of Kalgoorlie. RC drill assays from holes at the old abandoned pit include 6m grading a serious 8.11% nickel, including 5m grading 9.63% nickel from 206m. Other intercepts in the disseminated nickel zone include 34m at 1.94% nickel from 185m and another 24m intersection grading 1.13% nickel from 237m.

Aurora Labs has executed a framework agreement with a global quality assurance provider to have the spare parts that are “printed” by its unique 3D metal printers certified. The agreement may enhance Aurora’s opportunity to break into markets such as the marine, aviation, and oil and gas industries where down time means money and the ability to create parts on-site is potentially revolutionary.

Novo Resources is upbeat about the latest mechanical ore sorting test results at its Beaton’s Creek conglomerate gold project in WA’s Pilbara region. The crushing and screening tests on one bulk sample have delivered a calculated head grade of 5.72 grams per tonne gold, according to the company. Three size fractions were tested and an impressive 90.2% of gold was recovered in 54.5% of the mass of the +18/-50mm fraction.

Image Resources’ positive 2019 cashflows have provided for a significant expansion to its exploration budget and the company has since ploughed nearly 13,000m worth of drilling into its WA Boonanarring mineral sands project in WA in a bid to add additional reserves to its mining inventory with the out wide possibility of a new discovery. Best numbers include 4m at 27.1% HM from 8m downhole.

Adriatic Metals has secured full clarity on its mineral rights and royalty arrangements at the massive Vares polymetallic project in Bosnia & Herzegovina by successfully negotiating for the inclusion of gold, silver and copper in an update to its concession agreement. Whilst not entirely clear, the original concession agreement only referred to lead, zinc and barite. The requirement to commence mining by May 2020 has also been removed.

Classic Minerals has been busy drilling at its Kat Gap project near Southern Cross in WA, with the latest RC program hitting some high-quality numbers highlighted by 6m @ 11.54g/t gold from 20m and 3m @ 13.18g/t gold from 144m. It looks as if the mineralised system is favourably shallow – and importantly, still open at depth. As the drilling metres increase across Kat Gap, the mineralisation could reach around 900m in strike according to the company.

Altech Chemicals is on the verge of breaking into the lucrative high purity alumina market after setting a furious pace for the construction of its high purity alumina plant in Malaysia that will draw almost pure kaolin clay feedstock from WA. The company says that construction is well ahead of schedule and that the electrical substation structure is due for completion by May 2020.

Development drilling at Ora Banda Mining’s Callion gold project has delivered some impressive initial results including a 4.8m underground intercept going well over an ounce to the tonne gold from 232 metres, including 0.3m at 498.2g/t. Delineation drilling at the North Eastern goldfields deposit also focused on the open pit development area with one drill hole grading 10.0m at 8.0g/t from 76m.

St George Mining’s Fish Hook prospect within its Mt Alexander nickel project looks to be living up to its name after another two EM conductors were hooked along trend. The two new conductors that coincide with a nickel/copper soil anomaly, were found lurking within shouting distance of a string of discoveries along the nearby Cathedrals nickel-copper sulphide mineralization trend in the North Eastern Goldfields.

MGC Pharmaceuticals has established a distribution agreement to produce and supply its cannabis based medicines to Anden Bio Naturals, giving the ASX listed company access to South American networks containing over 7,500 pharmacies, private clinics and an oncological private insurance system that has over one million listed clients. MGC’s pharmaceutical-grade phytocannabinoid products are emerging as an alternative to conventional drugs.

Trading of Volt’s USD$15m worth of loan notes for its Tanzanian graphite play could commence on the Stock Exchange of Mauritius as soon as Feb 20th. The company also has an option of raising another USD$15m by way of a private note placement on the SEM, with both funding sources to be potentially made available to start building the plant and infrastructure for its multi-generational, Bunyu graphite development that shows a whopping pre-tax NPV of US$1.31b.

Buru Energy was sitting on a $32.4m pile of cash at the end of 2019 with $5.4m worth of oil net production cash flow still expected in the current quarter, representing a three-fold increase on the previous two quarters. The forecast is due to the favourable timing of oil liftings out of the port of Wyndham and the recent successful development drilling at its Ungani oil field in WA’s Canning Basin.

K2fly has added another significant resource company to its rapidly growing, blue chip client list after West Australian miner, Gold Fields Ltd, signed on for a multi-year deal to use K2fly’s innovative software package known as “RCubed”. The contract is worth in excess of $580,000 across the initial five years and comes on the back of a total of $1.67m worth of record invoicing in the December 2019 quarter.

Legend Mining has discovered an EM conductor lurking within shouting distance of its impressive recently announced nickel/copper/cobalt drill hole at the Mawson prospect in the Fraser Range. The latest exploration work at Mawson unearthed over 70 meters of sulphide mineralisation, including 14.9 meters with solid nickel-copper-cobalt grades. A newly modelled “off-hole” electromagnetic anomaly that points to a possible extension of the mineralised zone will now be targeted.

A Federal Government co-funding grant from the Advanced Manufacturing Growth Centre of up to $185,000 has been awarded to Lithium Australia’s subsidiary, VSPC, to assist in developing its lithium battery recycling capabilities. VSPC takes spent lithium-ion battery metals and/or mine waste and produces lithium-iron-phosphate metal oxides that can be commercialised in the rapidly growing environmentally friendly renewables space.

Neometals has confirmed the technical feasibility of its Barrambie titanium-vanadium deposit located in the Murchison region of WA following successful metallurgical pilot test work. The work, that was aimed at optimising hydrometallurgical recoveries, produced a high purity “titanium hydrolysate” from the titanium processing phase. The company has now shipped samples of its new titanium bearing concentrate to potential offtake customers to evaluate.

Black Rock Mining is a step closer to developing its mammoth Tanzanian graphite mine, inking a framework agreement with a Chinese firm to act as head EPC contractor. A deferred payment schedule will result in over 30% of the contract being paid only after the plant passes certain performance hurdles. The agreement is with Chinese Government-owned China Railway Seventh Group Co.

Mid-tier, ASX-listed gold developer, Horizon Minerals, is continuing to scrub up its Boorara gold project with exciting pockets of high-grade ore just 10km east of the Kalgoorlie super-pit. After 18 kilometres of infill drilling, some excellent assays from parallel mineralized lodes have been identified at the Regal and Crown Jewel deposits with individual assay grades as high as 12.62 grams per tonne gold.

Big River Gold is looking to lock down a finance package for its 100%-owned Borborema gold Project in Brazil that boasts a 2.43 million-ounce resource and a reserve of 780,000 ounces at a grade of 1.22 grams per tonne gold. The project is showing an initial projected mine life of ten years and solid economics at a gold price of US$1,400/oz.