Bulls N' Bears (Commercial Content)

ASX-listed explorer, Oakdale Resources, has received regulatory approvals for a maiden aircore drilling program at its Gibraltar halloysite-kaolin project on SA’s Eyre Peninsula. The company says a drilling contractor has been locked in and the drill rig and geological crew are expected to be on site early next month.

White Cliff Minerals has wasted no time in releasing a maiden inferred and indicated gold resource at its historic Reedy South gold project 40km north of Cue in WA’s resurgent Murchison goldfields. The company, which only completed the acquisition of the project three weeks ago, has already come out with a resource of 779,000 tonnes going 1.7 grams per tonne for 42,400 ounces of contained gold.

Blackstone Minerals has moved quickly to put a mine-to-market management group in place to develop its Ta Khoa nickel-copper-PGE project in Vietnam. The appointments come just a fortnight after the company tabled a scoping study with a tantalising set of numbers including a A$1 billion present-day valuation and net pre-tax cash flows in excess of US$1.2 billion over the projected 8.5-year life of mine.

ASX-listed 3D metal printing developer, Aurora Labs, is exploring software innovation with US computing giant HP Inc., investigating the potential compatibility of HP software to generate 3D print files with Aurora’s printers. HP said its new Universal Build Manager leverages its software to enable simplified and automated build preparation across multiple additive manufacturing technologies at super-charged speeds.

King River Resources is back in WA’s East Kimberley region, with the drill rods turning again as the company chases more high-grade gold veins across its Mt Remarkable land package 60km south of its mammoth Speewah Dome speciality metals project. Its best historical drill result came from the Trudi vein in 2018 where it hit 4m at over 3.5 ounces to the tonne.

ASX-listed gold explorer, Kairos Minerals, has detected some encouraging gold sniffs at its Croydon project 120km south-west of Port Hedland following an initial reconnaissance RC drilling program. The company drilled 29 wide-spaced RC holes totalling 5,586m including 20 holes for 3,815m at the greenfields Fuego prospect. Fuego falls under the Croydon project, which in turn forms part of the company’s overarching Pilbara gold projects “hub”.

K2fly is on the acquisition trail, this week picking up fellow “software as a service” specialist, SATEVA. The company is building a strategic position in the resource’s software space and this week’s acquisition looks like it may come with bottom line and client sharing synergies. Both companies already enjoy tier one client relationships with goliath sized companies and the opportunity to cross sell software looks real.

ASX-listed Lithium Australia has succeeded in securing critical protection for the intellectual property around its revolutionary lithium recovery technology after scoring a US patent for its proprietary extraction process. The US Patent and Trademark Office has approved an application for “SiLeach”, a low-energy process for the recovery of lithium from micas and clays.

Dampier Gold’s gamble to refocus its exploration onto the Zuleika Shear, north-west of Kalgoorlie in WA, looks to be paying off with the company hitting paydirt with recent aircore drilling over the Paradigm East prospect. Shallow drilling has hit high-grade gold mineralisation at the prospect returning an impressive 24m at 6.39 g/t gold including a stellar 4m at 34.74 g/t gold from only 28m down-hole.

Wiluna Mining Corporation has penned another page in its comeback story as management’s turnaround strategy appears to take hold. With high-grade, wide intersection gold strikes continuing to roll off the bit, headlined by a 37.52m intersection at 10.77g/t, the company is enjoying a renaissance built on a trifecta of steadily increasing cash flows, rising production and reduced operating costs.

Adriatic Metals has rattled the tin for US$28 million across two capital raises as it cashes up to fund an imminent definitive feasibility study on its Vares silver-lead-zinc project in Bosnia and Herzegovina. The company has entered binding agreements to raise US$20 million from a private placement of unsecured convertible debentures to Queen's Road Capital Investment and US$8 million from a share placement to the European Bank for Reconstruction and Development.

ASX-listed Proteomics International Laboratories has locked away $6m in cash via a heavily oversubscribed placement to UK and local institutions and other sophisticated investors to progress the marketing and development of its ‘PromarkerD’ predictive kidney disease test. Euroz-Hartleys Securities Ltd acted as sole lead manager for the placement to new and existing investors and Candour Advisory acted as Corporate Adviser.

ASX-listed Kalgoorlie gold producer, Horizon Minerals, has released an encouraging pre-feasibility study on its joint-ventured Richmond-Julia Creek vanadium project in north-west Queensland that envisages an initial 20-year mine life and development CAPEX of US$157.4 million. The JV also released maiden ore reserves for the project’s Lilyvale deposit of 459.2 million tonnes going 0.49 per cent vanadium pentoxide for 2.25 million contained tonnes.

ASX-listed gold explorer, Aruma Resources, is gearing up for a maiden drilling program at its Saltwater gold project about 100km south-west of Newman in WA’s resurgent Pilbara goldfields province. Despite the current resources exploration boom, the company has managed to lock in drilling contractors to carry out the first phase of RC drilling totalling up to 5,000m.

InteliCare has delivered a 29 per cent spike in quarterly sales as its predictive analytics software that monitors the daily movements of the sick and the elderly is deployed across the aged-care and healthcare sectors. The upwards swing in sales coincided with a lowering of costs which has delivered a 23 per cent increase in overall margin.

Kingwest Resources’ drilling campaign at Menzies in WA has continued to return a stream of spectacular drill intercepts including 1m at 107.00 g/t gold from 88m and an impressive 5m at 13.8 g/t gold that boasts a 2m long higher-grade section going an ounce to the tonne gold from 122m. The company has now expanded its program over the resurgent goldfield from 10,000m to 14,000m of drilling.

Altech Chemicals has agreed to sell a 25 per cent stake in its German subsidiary, Altech Industries Germany, for €5 million – or about A$8.3 million. Frankfurt Stock Exchange-listed Altech Advanced Materials will buy the AIG stake, delivering the ASX-listed parent company a useful cash harvest that will help advance its Malaysian high purity alumina play.

ASX-listed gold and base metals hopeful, White Cliff Minerals, has uncovered a handful of significant, near-surface drill intersections from a small RC program undertaken a decade ago at its historic Reedy South gold project 40km north of Cue in WA’s rejuvenated Murchison goldfields. One of the more notable assays was an eye-catching 20m going 4.13 grams per tonne gold from 2m including 3m at 11.33 g/t from 5m.

Image Resources' “MORE” program continues to pay dividends for the WA mineral sands producer with drilling at the Boonanarring Northern Extension Area pointing to high-grade mineralisation over more than 2,700m of strike. The drilling program has produced a raft of high-grade intercepts including 5m at an impressive 44.5 per cent heavy mineral sands from only 30m below surface.

Middle Island Resources has pulled out all stops to get its Sandstone gold project feasibility study on the street by early in the new year. The company has cleared its backlog of samples in the assay lab, paving the way for the completion of the resource estimates over its recent gold discoveries and open pit optimisation work with the goal being first gold by 2021.

TNT Mines has exploded onto the gold scene in Western Australia acquiring privateer Warriedar Mining along with its two strategic goldfields projects and its well-credentialed chairman, Alex Hewlett. Hewlett shot to fame on the back of his recent success with Spectrum Metals.

ASX-listed equatorial Africa lithium hopeful, AVZ Minerals, has finally made solid headway in its efforts to set up a Special Economic Zone agreement inside the Democratic Republic of the Congo. If ratified, the agreement would enshrine significant tax concessions to the company in relation to its 75 per cent owned Manono lithium and tin project in the DRC.

Lindian Resources has signed an agreement to acquire the Woula bauxite project in Guinea, scooping up a 75 per cent holding in the near-term production asset. The project sits just 10km from an established mine haul road linking it to a nearby export port facility at Katougouma. The high-grade resources at Woula could potentially be mined for direct shipping ore, rapidly transforming Lindian from an emergent developer into a bauxite producer.

ASX-listed aspiring gold producer, Calidus Resources, remains on track for the main construction phase of its new $120 million Warrawoona mine development in WA’s East Pilbara to kick off in the first quarter next year with steady progress being made in the project’s early capital works program. The company says it has also ordered long lead items including a SAG mill.

ASX-listed gold and base metals explorer, Comet Resources, has reached a breakthrough agreement that frees it up to proceed with exploration at the historic Barraba copper project along the Peel Fault line in the New England Fold Belt region, NSW.

ASX-listed agribusiness developer, Alterra Ltd, has reached a significant milestone at its planned 300-hectare Carpenters avocado development in Pemberton, WA, with the company planting the first batch of avocado trees across an initial five hectares of land.

Emu NL has wasted no time and hit the ground running across its recently acquired suite of gold and nickel projects in southern WA. The company has put its exploration team in play at the 8 Mile project near the Menzies gold mining centre north of Kalgoorlie, while it makes preparations to commence extensional drilling at the high-grade Gnow’s Nest gold deposit south of Yalgoo.

Entering the final stretch ahead of its much-anticipated ASX listing, Barton Gold is shaping up as a serious player on Australia’s gold exploration scene. The company has lifted the lid on a 73 per cent resource upgrade at Tunkillia and seems destined to join the million-ounce club, unveiling a massive 965,000-ounce resource at the project.

ASX-listed explorer, Impact Minerals, has discovered zones of visual copper-nickel sulphides at the Plat Central prospect within its Broken Hill project in NSW. The company was again guided by its proprietary geochemical ratio exploration tool that it says can vector in on higher-grade base and platinum group metals mineralisation.

St George Mining has come up trumps again at Mt Alexander in WA with two fresh downhole EM conductors turning up in the latest diamond drill hole at its aptly named West End prospect. Less than 1km north-west of known massive sulphides, the prospect presents a tantalising target for the John Prineas-led explorer in an area where there has been no previous drilling.

PolarX has laid out a schedule for when the company expects to be receiving further copper and gold results from its Alaskan discovery at Zackly. It would appear that on top of the challenges posed by exploration in the wilds of the arctic, the current surge in exploration activity across the globe has caught many laboratories by surprise, with delays in reporting being experienced by most mining and exploration companies.

CZR Resources is marching towards completion of a pre-feasibility study on a proposed development of the Robe Mesa iron ore deposit at its 85 per cent-owned Yarraloola project in WA’s Pilbara. The study that is set to be wound up by year’s end will assess a low-CAPEX iron ore mine predicated on using existing road transport infrastructure to truck the Robe Mesa ore to port.