Announcements

Venus Metals and Rox Resources have struck gold again at their Currans Find JV project in the Youanmi region of WA. Headline results from an RC drilling campaign at the Red White and Blue prospect include 9 meters grading 3.27 grams per tonne gold from 35m that also contains a higher grade 8g/t intercept over 2m. Gold numbers from the Currans North prospect continue to impress with 2m grading 5.6g/t from 163m downhole.

Heavy rare earths developer and miner, Northern Minerals, has been making good headway with a scoping study into the commercial properties of its rare earths deposit at the Brown’s Range project in the East Kimberly region of WA. Consistent with recent radical advancements in science, rare earth’s are becoming increasingly valuable sources of materials that are used in electronic, optical, magnetic and catalytic technologies.

Around-the-clock diamond drilling by St George Mining at its evolving Mt Alexander base metals project in WA’s north-eastern Goldfields is starting to pay off, with recent results confirming deeper massive nickel and copper sulphide mineralisation at its exciting Investigators prospect. Two large step out holes, which were completed to test deep electro-magnetic conductors, intersected a range of sulphides at previously unexplored depths.

Aurora Labs is bringing its futuristic 3D printing technology to the fore through the development of its market-leading “Rapid Manufacturing Printer One”, or “RMP1”. The RMP1 3D printer uses a process called “direct metal laser melting”, that can print more than a single layer at a time, which the company has trademarked as “Multi-layer Concurrent Printing”. This printer is the stuff of the future – it literally melts metal powder and builds a product or part from the ground up.

Legend Mining has revealed that massive sulphide mineralisation has been intersected during diamond drilling at its D5 conductor, located at the Rockford project in the Fraser Range of WA. The company intersected an almost 10m wide zone of significant nickel-copper sulphides from 110.3m down-hole and the diamond rig will now move onto the D1 conductor. The company says that D1 is a very strong, discrete geophysical feature.

PolarX’s suspicions that it might be sitting on a significant porphyry-style copper-gold-molybdenum mineralised system at its Alaska Range project in the US appear to have been confirmed by the first diamond assays returned from the Mars prospect. Whilst still early days, if this proves to be the case, the Perth-based company may one day find itself rubbing shoulders with some of the world’s largest copper miners.

A furious diamond drilling campaign at its namesake gold project near Leinster in WA, could see Bellevue Gold become the newest member of the exclusive two million gold ounce club. At the Tribune prospect, impressive assays include 9.6m at 14.1 g/t gold from 107.9m, 3m at 33g/t from 162m, 1.9m at 29.3g/t from 58m, 5.2m at 5.4g/t from 203m and 0.6m at 273.5g/t gold.

Youanmi Gold Project joint venture partners, Rox Resources and Venus Metals, have hit the ball out of the park with their latest RC drilling results, returning some stunning, near-surface hits – including 5 metres at an amazing 4 ounces to the tonne gold from surface, 1m at an extraordinary 591.89g/t gold from just 3m and 0.5m at a whopping 1058.49g/t , all in the same bonanza hole.

Emerging tech player, K2fly, has inked a lucrative $1.45 million contract with mining heavyweight, Rio Tinto, for its innovative software technology. The small cap listed company will now roll out its specialist “RCubed” mineral resource governance software across 20 Rio sites around the globe. K2Fly’s RCubed software is an innovative peice of mining technology that manages the most valuable of a client’s primary assets – its mineral resources.

Adriatic Metals has tabled a lovely set of numbers for its poly-metallic Vareš project in Bosnia with the ASX-listed company saying that its new scoping study shows a stunning, AUD$1.37b net present value for the zinc-silver-lead-gold-barite project. Amazingly, payback of the AUD$260m CAPEX is expected to be just eight months after commencement of processing with the project showing a very respectable post-tax internal rate of return of 107.4%.

WA-based explorer, Middle Island Resources, has added another notch to its exploration belt by becoming a first mover in the Northern Territory’s unexplored East Tennant province, where it has so far been awarded six out of 10 exploration licences covering part of its proposed Barkly “super-project”. The company is now confident East Tennant is, like the well-established Tennant Creek mineral field to the west, hosting IOCG ore bodies.

Green energy innovator, ClearVue Technologies, has consolidated its position in the global renewables sector after securing a lucrative manufacturing and supply agreement with Taiwan’s BeyondPV Company that will significantly boost its hopes of full commercialisation of its unique solar window glass. The Taiwanese group is interested in ClearVue’s advanced Insulated Glass Unit technology that is used in windows and building facades to convert sunlight into energy.

Blina Minerals has hit the ground running at its recently acquired Barkly copper gold project in the Northern Territory’s rich Tennant Creek mineral province. The explorer has launched a six-hole RC program that will focus on a 600m copper anomaly overlaying a zone of gold-copper-bismuth at the Bluebird prospect. Given this target is largely under cover, the company is confident it may have been overlooked by previous explorers.

Northern Minerals has kicked off an RC drill campaign in search of rare earths at its Brown’s Range project in the East Kimberly of Western Australia. The company is confident that its new targets are underpinned by strong predictive science and will sink approximately 4000 meters of RC into the Gambit West and Cyclops deposits whilst undertaking more regional drilling at the Rouge target, located about six kilometres along strike from Dazzler-Iceman

Hammer Metals, has hit the nail on the head with some striking first pass aircore results from Target 1 within the 14km long Orelia trend at its Bronzewing South gold project. Results include 4 meters grading 2.40 grams per tonne gold from 16 metres downhole and point to an emerging discovery for Hammer who has now identified a 500m long gold mineralised trend at Target 1.

Strategic metals company, TNG Limited has received a healthy $2.18 million refund under the Federal Government’s lucrative Research and Development, or “R&D” tax incentive scheme. The company received the funds in relation to test work for the commercial extraction of rare metals using its patented “TIVAN” process. Recently the company submitted the mine plan for its wholly-owned Mount Peake vanadium-titanium-iron project in the Northern Territory, which has an initial 37-year mine life.

ASX-listed, heavyweight automotive conglomerate, AMA Group, has completed a multi-million dollar, transformational acquisition of Insurance giant, Suncorp’s Capital S.M.A.R.T panel business, at an implied enterprise value of $420m. It has also purchased Suncorp’s complimentary ACM Parts business for $20m. The deal has propelled AMA into the exclusive ranks of billion-dollar market capped companies and comes gift wrapped with a 25-year service agreement with Suncorp.

Ore sorting could be the panacea for nuggety conglomerate gold projects that are notoriously hard to develop after Novo Resources reported very positive gold recovery numbers from its Egina conglomerate gold project in the Pilbara. Novo is rapidly gaining credibility as a conglomerate specialist as it looks to add this new ore sorting technology to its suite of tools to effectively process its various styles of conglomerate mineralisation.

Neometals is continuing its push into nickel with the expeditious upgrading of its inferred nickel resource at the Munda deposit, which is now a strategic part of the company’s Mt Edwards project near Widgiemooltha in WA. The update has significantly impacted Mt Edwards’ growing inventory, boosting its contained nickel resources to over 130,400t of contained metal, clearing the way for mining studies.

Emerging global lithium player, AVZ Minerals, has recruited the services of African mining veteran, Dr John Clarke, as it prepares to take its massive Manono lithium project in the Democratic Republic of Congo to the next level. Dr Clarke, a former Ashanti Goldfields executive, will become AVZ’s non-executive chairman at the end of the year, bringing to the table a vast wealth of experience from across the Continent.

ASX listed explorer, Ardiden, has identified a swathe of new targets across the West Pickle and Pickle Lake prospects at its gold play in Ontario, Canada. The targets were identified using a combination of airborne magnetic, electromagnetic or “EM” geophysical surveys and historical data. The company also holds the Kasagiminnis deposit that holds a resource of 110,000 ounces grading at a very respectable 4.4g/t gold.

Despite a drop in the zircon price earlier this year, the value of Image Resources’ zircon-rich heavy mineral sands concentrate from its Boonanarring operation in WA has not been diminished as offtake partners continue to pay a premium for its product. The company, which has enjoyed a stellar run since production started at the mine last December, is now looking at new ways to add value to its mineral sands ore body.

Northern Minerals has hit more high-grade dysprosium at its Dazzler prospect just 15km from its Browns Range mine. Assays received by the company following an RC infill and step-out drilling program at Dazzler returned some impressive, near surface intercepts including 7.71% total rare earths oxide, including 7,502 parts per million dysprosium. Dysprosium is typically only mined in China and is in demand from the EV sector.

MGC Pharmaceuticals has received a Government grant to support its research and development work relating to phyto-cannabinoid derived medicines to treat the symptoms of dementia and Alzheimer's. According to the Australian Bureau of Statistics, dementia is the second leading cause of death for Australians, which means that MGC will have a sizeable addressable market if it’s cannabis-based medicinal products can have an impact on this debilitating disease.

The board and management of Azumah Resources has downed tools and moved on after its private equity partner, Ibaera Capital, moved to a majority 61% holding. Managing Director Steve Stone has resigned and non-executive director, Linton Putland will not seek re-election and both have recommended that shareholders accept Ibaera's increased 3.3c a share offer on their way out the door. All major shareholders have now accepted.

Sky and Space Global is rattling the tin as it accelerates its plan to beef up its presence in the space communications race as it looks to launch the first eight of its income earning, telecommunications “nanosatellites” by next year. The company is also planning to expand its commercial opportunities in the satellite sector as it continues to attract telecommunications customers.

Horizon Minerals has rounded off a drilling campaign at its Kalgoorlie gold project with results such as 12 meters grading 3.62 grams per tonne gold from just 28 meters downhole at the Capricorn prospect. At the historic Baden Powell North prospect, new intercepts include 5m going 2.67g/t from only 12m. With multiple processing facilities in the area, Horizon could even produce some quick and easy cashflows from Capricorn.

Big River Gold said this week that a usually insignificant waste mineral known as “mica”, could potentially make the company some good money at its Borborema gold project in north-eastern Brazil. Perth-based consulting group, Wave, identified the potential to process and extract the mica minerals and sell them as a separate, commercially viable product. The micas make up approximately 30% of the volume of the Borborema deposit and carry half the gold grade.

Strike Energy is firing on all cylinders, tabling a maiden resource of a massive 1,185 billion cubic feet of 2C gas at its West Erregulla-2 well in the Perth Basin of Western Australia. Strike’s gas play is arguably Australia’s largest onshore conventional gas field and the company’s excitement is still building with multiple targets at West Errugulla underpinning the potential for the gas resource to grow even further.

Coziron Resources will soon be on the ground at its Croydon Top Camp project in WA’s Pilbara region, after expanding its gold target zone by re-assaying historic samples that peaked at 4.9g/t gold. The company has secured a rig and is preparing to drill approximately 2000m across some very prospective rock sequences, where a prospector recently recovered an astounding 203 gold nuggets in the area.

AVZ Minerals’ quest to develop the giant Manono lithium project in the DRC has been given a major shot in the arm after it received $14.1 million from Chinese lithium chemical producer, Yibin Tianyi. The strategic investment, which could lead to an offtake agreement, will allow AVZ to increase its stake in the project and start early development works as it completes Manono’s definitive feasibility study.

Kairos Minerals has defined a coherent, 2.5km long gold and copper in-soil anomaly where company Geologists also stumbled across some lucrative looking rock chip samples grading up to 16.8% copper and 4.3g/t gold at its Croydon project, located near Port Hedland in WA. The soil anomaly contains a coherent, higher-grade core that stretches over 1.5km, with best numbers going around 200ppb gold.