Bulls N' Bears (Commercial Content)

As another old goldfield prepares to rise like a phoenix from the ashes, Terrain Minerals has hatched a plan to capture its value as the company elects to proceed with a farm-in agreement with a private vendor for the Smokebush gold project, an exploration play located about 65 kilometres west of Paynes Find in WA. Newly discovered historical numbers include 2 metres grading 11.3 grams per tonne gold from 70 metres downhole.

As Calidus Resources rolls on towards the end of a successful field season at its Warrawoona gold project in the East Pilbara of WA, a suite of exciting assays have come in that may provide a boost to its 1.25 million ounce resource. Drilling up to 200m below the base of the proposed open cut mine hit 1m @ 55.2g/t gold and 1.11m @ 31.2g/t gold – giving the company a hint that an underground operation just might fly.

Green energy innovator, ClearVue Technologies, has consolidated its position in the global sustainable energy sector after securing a lucrative supply agreement with Treasure Engineering Limited in Hong Kong, The deal, which will significantly boost ClearVue’s hopes of full commercialisation of its unique solar window glass technology, will see Treasure Engineering exclusively distribute its product in Hong Kong and Macau.

Neometals is embarking on a collaborative research and development project with the Queensland University of Technology to build a synthetic “zeolite” manufacturing plant that will take waste produced from the lithium refining process and turn it into a potentially lucrative material. The R&D project will be co-funded to the tune of $2.57 million courtesy of the Innovative Manufacturing Cooperative Research Centre.

MGC Pharmaceuticals has expanded the number of patients prescribing for or being processed to receive prescriptions for its medical cannabis-based pharmaceutical products in Australia, the UK, Brazil and Ireland with the company racking up over 1800 prescriptions to-date. Management said the milestone readily demonstrates its strengthening position and momentum in those key markets, with its sales graph continuing to climb month by month.

Bellevue Gold has set a cracking pace this year, turning its namesake project near Leinster in WA back into a living breathing thing after most technocrats had written it off as a mined out deposit. The company’s market cap rocketed to around $300m after catching the market’s attention in 2017 when it went looking for a parallel gold lode adjacent to the historically mined Bellevue mine.

K2fly has reinforced its emerging prominence in the resource’s software space with mining giant, Teck Resources, extending its annual “RCubed” software contract with K2Fly out to three-years. K2fly said it has now locked down total contract values of over $2 million from its RCubed software as a service, or “SaaS”, as clients sign onto three and five year terms. The latest numbers come only weeks after the ASX-listed company signed a five-year software contract with Rio Tinto.

Kingwest Resources’ has rounded out the year at its Menzies gold project with some nice hits including 2.48m @ 23.22g/t that included almost half a metre going a whopping 110g/t – or 3.5 ounces to the tonne gold from the First Hit prospect. First Hit produced the best intercept of the year for Kingwest at 57.6 gram metres from 121.52m downhole, followed by Pericles with 41.5 gram metres.

Azumah Resources’ is weighing up funding options for its share of capital costs for the Wa gold project in Africa with an estimated $75 million in potential equity financing on the cards. Azumah has also appointed Peder Olsen to oversee the development of the Wa gold project. Olsen recently lead Endeavour Mining’s construction of the US$425m gold mine at Ity in Cote d’Ivoire.

Ora Banda Mining should be a leading player in the reinvigoration of WA’s Eastern Goldfields mining region over the next decade. Following a corporate restructuring and a brief period in Administration under previous management, the company has been busy scrubbing up its Davyhurst gold project as it builds a robust ore inventory, finalises its mine approvals and completes the economic modelling necessary for the restart of production.

Troy Resources has hit the ball out of the park with an amazing 17m drill intersection going nearly 5 ounces to the tonne gold in South America. Importantly, the smashingly good intersection was encountered just 37m down hole at the company’s Hicks 1 extension within the Karouni Gold project. As a final curtsy to the crowd, it also included a 4m section grading an eye-watering 623.17g/t gold.

It is difficult to know just how many golden secrets Anglo Australian’s Mandilla Gold project might still be hiding with recent drilling potentially identifying an 800-metre-long new target in the “Western Zone”, with results like 37m @ 1.64g/t gold from 104m. The new Western Zone is just to the west of Anglo’s Mandilla East deposit which is also growing in stature and size.

TNG Ltd has made the final leap towards securing buyers for 100% of its entire forecasted production from its flagship Mount Peake, vanadium-titanium-iron project in the Northern Territory, after signing the final off-take term sheet with Indian mining conglomerate, Vimson Group, for the iron to be produced from Mt Peake. The last hurdle comes after the company announced just yesterday it had secured offtake agreements for 100% of its vanadium pentoxide products.

Active minerals sands miner, Image Resources, may have found a new, 40 kilometre long shoreline trend running both west of and parallel to its current zircon-rich Boonanarring heavy minerals ore reserves in Western Australia. The company has been busy with the drill rig throughout 2019 as it goes about upgrading Boonanarring’s proven reserves of 9.3 million tonnes at 8.6% heavy metals and its probable reserves of 10.5Mt at 5.9% HM.

PharmAust has expanded its national network of participating veterinary and university institutions who will join the ASX-listed biotech’s anti-cancer crusade for dogs. With the pace of phase II clinical trials for its promising “Monepantel” anti-cancer treatment projected to rise, the company is looking to impact K9 – and possibly even human – cancers. Phase I trials were very positive, with a notable reduction in cancerous tumours and prolonged lifespans.

Multi-commodity explorer, Venus Metals, has received a vote of confidence from Queensland multi-millionaire and veteran coal miner, Christopher Wallin, who has ploughed $4 million into the company at 20 cents a share. The investment gives Mr Wallin, one of Australia’s top 50 richest people, a substantial 17.25% stake in the Perth based ASX-listed company as it attempts to unlock some riches in the Youanmi mineral province in WA.

TNG Ltd has signed a binding agreement with major global commodity trader for the offtake of 40% of the vanadium pentoxide products from its flagship Mount Peake vanadium-titanium-iron project in the NT. The company already has a binding offtake agreement with South Korea’s Woojin for at least 60% of the project’s vanadium output and a binding term sheet with Gunvor for its iron products.

Neometals has added some serious length and width to its Widgie South nickel trend at the Mt Edwards project near Widgemooltha, in the first serious drill campaign to hit the area since 2008. Best intercepts include 16 metres grading 1.45% nickel and 21 metres grading 1.05% nickel. Narrow high-grade nickel zones in the broader intercepts ran up to 4.79% over two metres and 2.42% over four metres.

Classic Minerals has hit the sweet spot with the drill rig at its Kat Gap project, near Southern Cross in WA, with high-grade intercepts such as 3m @ 20.70g/t gold from 39m downhole that includes a bonanza, 1m intersection, going well over an ounce to the tonne gold. As the drilling density increases across Kat Gap, the mineralisation could reach in-excess of 800m in strike.

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.

Lithium Australia has joined forces with Chinese firm, DLG Group, forming a 50:50 incorporated joint venture to be known as Soluna Australia Pty Ltd. Soluna will sell lithium-ion battery and energy storage products as it seeks to disrupt the rapidly expanding Australian renewables energy market. Soluna will provide a platform to leverage off complementary technology and facilitate the provision of new battery materials and recycling solutions.

Having convinced itself the nearby, giant onshore Waitsia gas field in WA’s Perth Basin is not just an anomaly, Norwest Energy has approved the drilling of its Lockyer Deep gas joint venture, some 15 kilometres to the north east of Waitsia. Norwest is confident that the combined recoverable resources of its Lockyer Deep-1 and North Erregulla targets, which sit in the same project area, could have a recoverable resource of almost 1.1 trillion cubic feet of gas.

Solar window glass innovator, ClearVue Technologies, now looks set to break into the burgeoning European renewable energy market after meeting all of the requirements of two key International Electrotechnical Commission safety standards for its unique solar window glass technology. ClearVue’s solar PV IGU was given both IEC 61730 and IEC61215 certification by the international testing company TÜV SÜD, confirming the product’s electrical and safety credentials.

One of Indonesia’s largest integrated resources companies, Indika Energy, is looking to take a 40% stake in Nusantara Resources’ two million ounce Awak Mas gold project in Indonesia, virtually clearing a pathway for the mine to be built. Indika plans to invest up to AUD$58m in Nusantara’s wholly-owned subsidiary, PT Masmindo DWI Area to secure its 40% share in the proposed gold mine.

Kingwest Resources’ Menzies project has gold hits coming in thick and fast, with the latest round of results identifying two previously unrecognised, high-grade lodes in both the hangingwall and the footwall of the Princess May historical deposit at the company's Yunndaga prospect. Above the deposit, one drill hole hit 1.3m @ 19.82g/t Au from 92.0m and below it, 2.28m @ 17.87g/t Au from 99.65m.

Legend Mining has outlasted the field of Fraser range hopefuls that flocked to the area after Sirius Resources discovered the heralded Nova nickel and copper deposit. They mostly came armed with one shot in the locker and most walked away with their tails between their legs. Legend’s staying power and methodical, almost obsessive attention to geological detail, however, has finally heralded results with a cracking new discovery in the area.

Strike Energy has kicked off a 3D seismic campaign at its Walyering conventional gas discovery in the Perth Basin, where it has previously defined prospective resources of up to 263 billion cubic feet of gas and 6.3 million barrels of associated liquids condensate. The discovery was originally made in 1971 at about 3,350m depth, where the Walyering-1 gas well flowed at 13.5 million standard cubic feet per day.

Azumah Resources has released a statement confirming that all independent company directors are now unanimously recommending shareholders accept private equity firm, Ibaera Capital’s, 3.3 cents a share takeover offer. Ibaera now has a relevant interest in 83% of Azumah’s shares with all Azumah directors and major shareholders now accepting Ibaera’s offer, sidestepping the problematic scenario of becoming a minority shareholder in an unlisted company.

King River’s plans to push its giant Speewah vanadium, titanium and iron deposit in the East Kimberley towards a definitive feasibility study have been given a boost with the production of an almost pure, high purity alumina product, or “HPA” through further refinement of its metallurgical flowsheet. The pioneering company will now commence tests using the new HPA process to extract alumina directly from waste fractions.

Adriatic Metals’ confidence that it can grow its spectacular high grade polymetallic Rupice prospect in central Bosnia even further has received a boost after two new assays indicated the area’s mineralisation is larger than previously thought. Results from one of the two holes testing Rupice’s southern extensions returned 16 metres at 1.96 grams/tonne gold, 350g/t silver, 5.3% zinc, 3.4% lead, 0.5% copper and 43% barite from 330m.

Great Southern has backed up its maiden drilling results released last month, with ounce-plus hits rolling off the drill bit at its Cox’s Find project. New results include 5 meters grading a magical ounce to the tonne gold from 134 meters down-hole that includes a super-high one-metre zone grading 143 grams per tonne gold. These drill holes are stacking up well against old production files that recorded an amazing historical cut-off grade of 12g/t gold.

Hot Chili has the West Perth mining glitterati and their followers on St Georges Terrace all abuzz with news of its nearly 1km long mineralised drill hole at its Cortadera project in Chile. The latest drill result may well rank up there with some of the all-time remarkable drill intercepts and is most likely the best hit anywhere in Australia and possibly even around the globe for 2019.