Announcements

Adriatic Metals has generated additional high-grade base metal drilling results adjacent to its flagship Rupice deposit in central Bosnia, just a month after producing a maiden JORC-compliant mineral resource for the ore body. New intersections include 38m @ 6.2% zinc, 3.8% lead, 174g/t silver, 1.9g/t gold, 0.4% copper and 33% barite from 208m and 20m @ 2% zinc, 2.8% lead, 96g/t silver, 0.3g/t gold and 0.6% copper from 254m.

PharmAust’s subsidiary, Epichem, has received a shipment of Monepantel tablets from the US and will now distribute the drugs to veterinarians starting this week to commence its Phase II anti-cancer drug trials in dogs. The company completed successful tablet safety and blood level tests earlier this year and with tablet shelf-life stability tests now finalised, the company can commence the trials.

Nusantara Resources has appointed a new CEO to fast-track the development of its Awak Mas gold project in Indonesia. Mining veteran Neil Whitaker has joined the company in a Jakarta-based role, where he will utilise his expertise in the Asia-Pacific region to drive the project forward. Mr Whitaker previously worked as the COO for PT Petrosea Tbk, a subsidiary of the company’s strategic partner in Indonesia, Indika Energy.

MGC Pharmaceuticals is set to kick off a controlled trial to discover if its medical cannabis product for the treatment of drug-resistant epilepsy has any impact on driving performance. The trial seeks to overturn legislation that forbids medical cannabis users from driving and will also provide safety data required for the European Medicines Agency and Australian Therapeutic Goods Administration product registration.

88 Energy has brought on UK oil and gas independent Premier Oil as its farm-in partner for the conventional rights at the project known as “Project Icewine” in the famed North Slope oil province. Premier will earn 60% in Area A of Project Icewine’s conventional oil rights by drilling a USD$23m well to appraise the historical Malguk-1 discovery well that intersected 251 feet of light oil pay in the Torok formation.

Strike Energy has observed that the primary objective at its multi-target West Erregulla-2 well in the Perth Basin, Western Australia, may hold the same excellent reservoirs seen at the neighbouring Waitsia gas field. Cuttings from the Kingia sandstones drilled to date include clean sands with some evidence of grains being coated in chlorite, a mineral that is a key element required for the preservation of porosity at depth.

Novo Resources is building up excitement at its Egina project in the Pilbara, WA, after a bulk sampling program of surface gravels recovered significant quantities of gold nuggets at grades well above typical alluvial gold deposits. The company said the gold is coarse enough to extract without using water and is evaluating whether the ores could be extracted using simple and cheap mining methods like continuous mining.

Vonex has filed a new application with the Australian Patent Office to secure additional intellectual property protection over the unique message functionality of its game-changing “Oper8tor” communications app. The company is also carrying out more work to stabilise the app’s performance in relation to the increased complexity of two-factor authentication, a security feature that is common amongst social media platforms.

Infinity Lithium has delivered outstanding pre-feasibility study results for its fully integrated San José project in Spain, revealing that the operation will produce a pre-tax net present value of USD$860m and an internal rate of return of 42%. The project has an initial life of mine of 30 years and the company will both mine lithium mineralisation from the operation and process the ores into battery-grade lithium hydroxide products.

Lithium Australia is expanding its potential lithium chemical product suite with its “LieNA” lithium processing technology transitioning from a scoping study to a more comprehensive pre-feasibility study. The technology converts fine spodumene that would normally confound conventional processors into a suite of battery chemicals including lithium phosphate, hydroxide, sulphate or chloride salts.

Northern Minerals has delivered high grades of rare earth element mineralisation from drilling its regional prospects at the Browns Range operation near Halls Creek in WA. Results include 16.59m @ 7.53% TREO from 27m at the Dazzler deposit and 4.43m @ 8.07% TREO from 21m at Iceman, up to 10 times the total mineral resource grade currently being mined from the operation 15km to the north.

Medicinal marijuana player, MGC Pharmaceuticals, is looking to tap into one of Europe’s largest public markets through a dual listing on the London Stock Exchange in the second half of the 2019 calendar year. The company will be one of the first medical cannabis companies to list in the UK since legislation was changed in 2018 to allow doctors to prescribe medical cannabis to patients.

Rox Resources has signed a binding term sheet to earn up to a 75% interest in Cullen Resources’ Mt Eureka tenements that host extensions of the company’s existing Fisher East nickel deposits. Rox can earn a 51% stake in Mt Eureka by spending $1m on exploration within three years and the remaining 24% by spending an additional $1m on exploration over a further three-year period.

King River Resources has flagged the potential to further reduce the estimated capital cost of its giant Speewah vanadium/titanium/iron project in WA’s Kimberley region by USD$152m to USD$524m. According to a recommendation by Perth-based engineering firm, Como Engineers, the cost reduction could be achieved by reducing the planned start-up mining rate to correspond with a more standard-sized acid plant installation.

Alterra has executed a three-year local partner services agreement with West Australian-based avocado grower, French’s Group. French’s Group will provide local representation, assistance with origination and assessment of investment opportunities, localised production experience and technical support to Alterra in the Peel, South West and Great Southern regions of WA.

Horizon Minerals has firmed up confidence in the Crake prospect within its Binduli gold project near Kalgoorlie after drilling returned a top intersection of 3 metres grading 7.41 grams per tonne gold from 81m down-hole. The results demonstrate both width and grade continuity across a 450m strike length with the company saying that mineralisation remains open in all directions.

Calidus Resources has kicked off a major drilling campaign at its Warrawoona gold project located near Marble Bar in WA’s eastern Pilbara region, which is aimed at improving confidence in the existing mineral resources and expanding the mine-life beyond the initial six years. The work will be centred around the Klondyke open pit and underground resources, but will also include regional greenfields exploration at Klondyke West.

ClearVue Technologies is jumping on the growing micro-home bandwagon with the signing of a collaboration agreement with Swedish developer Attefallshus AB. Under the agreement, Attefallshus will integrate ClearVue’s proprietary solar glass window technology into its micro-homes and other construction projects where appropriate, exclusively in Sweden, Denmark, Norway and Finland.

Spectrum Metals’ ongoing drilling campaign at the Penny North gold discovery near Youanmi in WA continues to impress. The company has now extended the length of its high-grade ore shoot to 260 metres with exceptional new intersections like 3m @ 83.7g/t gold. Spectrum has also revealed more gold mineralisation from Penny South, beneath the historical Penny West pit, with 2m @ 17.1g/t gold from 182m down-hole.

Lithium Australia has now extended the strike of lithium-bearing pegmatites at its Youanmi project near Sandstone in WA’s Murchison region to over 2,500 metres after its recent drill campaign returned more lithium hits. The results include a top hit of 1 metre grading 4.1% lithium oxide from 23m down-hole within a broader intercept of 6m @ 1.6% lithium oxide from 22m.

Blackstone Minerals has nailed a plethora of new nickel sulphide exploration targets from its maiden geophysical survey program at the emerging Ta Khoa project, west of Hanoi, in northern Vietnam. The induced polarisation survey showed a strong correlation with existing positions of nickel mineralisation at the flagship Ban Phuc prospect and outlined new targets at the Ban Khoa and King Snake prospects nearby.

TNG Limited has flagged the potential to reduce mining costs and costs associated with waste haulage of tailings at its flagship Mount Peake vanadium-titanium-iron mine in the Northern Territory. The company said this could be achieved by focussing on two higher grade vanadium pits during the first 10 years of operation, which will lower ore mining and processing rates without affecting production.

Australian telco disruptor, Vonex, has officially launched its partnership with Australia’s largest business to business loyalty program, Qantas Business Rewards. The partnership allows businesses of any size in the QBR program to earn reward points for their expenditure on the company’s products and has the potential to grow its brand awareness, recognition and sales growth.

Clutching an armoury of excellent previous gold drilling results, Classic Minerals is now well and truly blooded and up for the hunt at Kat Gap near Southern Cross. The ASX minnow has kicked off a new drilling campaign aimed at testing down-dip projections of high-grade mineralisation it previously intersected with drilling to focus on the 400 metres of strike to a depth of about 100m, double the average depth of previous holes.

Venus Metals and Rox Resources have recommenced reverse circulation drilling to follow up on high-grade hits of more than two ounces to the tonne gold at the Currans Find North prospect, near Youanmi in Western Australia. The current drill program will explore the down-plunge and along-strike extensions of the high-grade gold mineralisation that was intersected in previous drilling.

Hammer Metals is gearing up to kick off its maiden drill program at the Bronzewing South gold project in Western Australia over several targets that are located immediately south and along strike of Echo Resources’ 4 million ounce Bronzewing mine. A recent survey over these targets identified conductive zones that are in most cases spatially associated with areas of higher gold accumulation anomalies in historical drilling.

Buru Energy has identified the potential for an 11 metre oil pay zone in the Upper Anderson section after completing wireline operations at its Adoxa-1 conventional oil exploration well on shore in the Canning Basin, Western Australia. The company will now case the well before mobilising the NGD 405 rig to drill the nearby Ungani-7H production well at the Ungani oil field before returning to Adoza-1.

AVZ Minerals has improved on initial metallurgical test work at its giant Manono project in Africa with the production of a lithium concentrate grading 6.6% with recoveries of 70.4% from ores crushed to a finer size than in previous tests. The company has also updated President Tshisekedi Tshilombo from the Democratic Republic of Congo and senior government officials on the progress being made at the project.

ClearVue Technologies, has secured a significant foothold in the US for its solar glass “PV technology” after signing a collaboration agreement with sustainable infrastructure specialist AquaGen Infrastructure Systems. Under the agreement, AquaGen will integrate ClearVue’s energy generating windows into all of its planned sustainable village developments, some of which are already at an advanced planning stage.

Altech Chemicals is proceeding with its German equity strategy to sell up to a 49% stake in its high purity alumina, or “HPA” project for USD$100 million to Frankfurt Stock Exchange-listed company, Youbisheng Green Paper. Altech is also acquiring a 29% stake in Youbisheng, which will change its name to Altech Advanced Materials and seek to raise up to €70 million in new equity to fund the acquisition.

TSX-listed conglomerate gold explorer, Novo Resources, has unearthed an Aladdin’s cave of gold nuggets in a single pathfinder trench at its exciting Egina gold project, near Port Hedland in WA’s Pilbara region. 162 gold nuggets weighing 324 grams were plucked from the trench in the first pass with most of them recovered from a swale in the underlying basement rock near the northern end.

St George Mining has intersected nickel-copper sulphide mineralisation that extends known zones of high-grade mineralisation at the Investigators prospect within its Mt Alexander base metals play near Leonora in WA. The drilling includes a top intersection of 15.1m of sulphide mineralisation from 172.2m down-hole in an area where there has been very limited drilling to date.