Bulls N' Bears (Commercial Content)

Bellevue Gold continues to churn out the high-grade gold hits beneath its historical namesake mine near Leinster, WA, with diamond drilling outside the current resource area returning a peak intersection of 4.4m @ 62.4g/t gold in the new Deacon Lode. The company has also intersected high-grade gold of up to 1.1m @ 75.3g/t gold from 654.6m at the newly discovered Mavis Lode that runs parallel to the Deacon Lode.

ASX-listed graphite developer Volt Resources has lodged a draft prospectus for its USD$40 million Mauritian Note with the Stock Exchange of Mauritius and expects approval to be granted within 4 weeks. The Mauritian bond issue follows on from the company’s previously announced Tanzanian Note issue, both of which will provide funding to underpin the company’s planned development of its Bunyu Graphite project in Tanzania.

According to a recent technical report for Reedy Lagoon’s Burracoppin magnetite deposit located near Merredin, WA, the project’s iron ores could be upgraded into a high-grade concentrate, suitable as a feed product for the HIsmelt process that generates high-value “pig” iron. The company is proposing to complete drilling at the Burracoppin project to supplement historical work and then generate a JORC-compliant mineral resource.

PharmAust has finalised contractual arrangements with the University of Melbourne’s U-Vet Werribee Animal Hospital to commence the Phase II clinical trials into the effectiveness of its Monepantel anti-cancer drug in dogs. The trial will be overseen by U-Vet’s Head of Small Animal Medicine and Oncology, Dr Claire Cannon, who will also oversee recruitment at other nominated sites within Australia.

Hammer Metals has discovered the new Shadow zone of copper-gold mineralisation at the Mt Philp Breccia Complex in Queensland’s Mount Isa mining district with rock chip sampling returning up to 4.64 grams per tonne gold and 27.7% copper. The company plans to carry out further mapping and sampling of the new area, which has been delineated over a 200m strike and is up to 50m wide.

Geopacific Resources has strengthened its Board with the appointment of former Gold Road Resources Managing Director Ian Murray as a non-executive director to assist with the development of its Woodlark gold project in PNG. He played a key role in progressing Gold Road’s Gruyere project from an exploration play through to a mining operation that is scheduled to produce 300,000 ounces of gold per annum in joint venture with Gold Fields.

Strike Energy is preparing to start the key controlled drawdown phase that could increase gas production at its Jaws-1 super-deep coal seam gas well in the Cooper Basin, South Australia. Water flow rates at the well have declined from 450 barrels per day in late June to the current 350 barrels per day while the Jaws and Klebb wells have exhibited strengthening gas flares as production rates slowly build.

Rox Resources and Venus Metals have delivered high-grade drilling intersections from several regional and near-mine prospects at their emerging Youanmi gold project in the Murchison region of WA. The companies generated intercepts of 2m @ 23.67g/t gold from 76m and 4m @ 6.57g/t from 64m at the Commonwealth prospect and also discovered 8m @ 4.17g/t gold from 96m at Youanmi South.

Australian Potash has ticked off another box for its Lake Wells SOP project near Laverton, WA, signing an import-export agreement with the Port of Geraldton in the Mid West region, that underpins the FEED study underway for the project. The company’s recent DFS for Lake Wells was modelled on a road freight solution to the Geraldton port and export of its SOP product from that site.

PharmAust has kicked-off its much-anticipated Phase II clinical trials that will study the effectiveness of the new palatable and high dose tablet formulation of its Monepantel anti-cancer drug in dogs. The trial will determine the efficacy of the drug over a prolonged period of time in dogs with B cell lymphoma before testing progresses to low dose maintenance of progression free survival and efficacy in other cancers.

Buru Energy is a step closer to unlocking its tight gas portfolio in the Canning Basin after the Western Australian state government lifted the moratorium on fracture stimulation over existing petroleum titles. The company previously estimated that its Yulleroo gas field contained 2C contingent resources of about 714 petajoules of gas and 24.9 million barrels of associated liquids within the Laurel tight gas formation.

Strike Energy’s West Erregulla-2 exploration well in the Perth Basin, Western Australia has intersected 10 metres of net gas pay with average porosity of 10.3% in the High Cliff sandstone target. The company is currently undertaking additional advanced wireline logging at the well before running and cementing production casing ahead of carrying out flow tests for the Kingia and High Cliff zones.

Smart building materials trailblazer, ClearVue Technologies, has been recognised for its continued research and development with the company banking an Australian Government tax credit of about $602,000. The refund relates to work completed during the last year with the University of New South Wales on quantum dots and work with Edith Cowan University on the entrance atrium at the Warwick Grove Shopping Centre.

Surface trench sampling has commenced at Terrain Minerals’ Wild Viper gold project near Leonora, WA, where rock chip sampling unearthed up to 4.67g/t gold in stockwork quartz veining in March. The company will complete four long trenches for 640m across the 382-shear prospect, which will assist in siting future drilling locations, over a prospective 2.5km long structure that has not been targeted by exploration in the past.

Venus Metals and Rox Resources have delivered more high-grade gold hits peaking at a metre grading 39.61 grams per tonne gold from 94m down-hole at the recently completed Stage 3 drilling campaign for the emerging Currans Find North discovery near Youanmi, WA. The results also confirmed the presence of two stacked gold lodes at the prospect and demonstrate that mineralisation remains open at depth and down-plunge.

Geopacific Resources has appointed Perth-based GR Engineering as the engineering, procurement and construction contractor for the processing plant at its Woodlark gold project in Papua New Guinea. The agreement covers the planned 2.4 million tonne per annum carbon in leach facility, tailings line and other supporting infrastructure with the potential for early works to procure tenders and pre-order long-lead items.

Classic Minerals has generated additional high-grade gold intersections from drilling at its Kat Gap project near Southern Cross, WA, extending the gold system by another 50m vertically at depth. The program targeted the ore body down-dip, producing exceptional new intercepts including 9m @ 20.94g/t from 123m down-hole, which also indicated the ore zone shallowing with depth.

Independent testing has indicated that graphite concentrate from BlackEarth Minerals’ Maniry project in southern Madagascar, meets the purity specification required by lithium-ion battery anode material manufacturers. The company is continuing discussions for potential offtake agreements and has entered into several confidentiality agreements with interested parties.

Northern Minerals has delivered its best-ever drilling result at the Browns Range project near Halls Creek, WA, with an exceptional 52-metre wide intercept grading 4.15% TREO recorded at the emerging Dazzler prospect. The company also discovered a new ore position just 350m to the southeast of Dazzler and will kick off further drilling in the region starting early next month.

MGC Pharmaceuticals has received Human Research Ethics Committee approval to carry out a clinical study comparing the effectiveness of its medical cannabis products for the treatment of severe epilepsy. This will compare its pharmaceutical-grade low tetrahydrocannabinol medicine authorised for prescription as an Investigational Medicinal Product in Australia and the UK, against its 100% cannabidiol product.

Middle Island Resources is selling its Reo gold project in Burkina Faso, West Africa, to Tajiri Resources Corporation after the Vancouver-based company exercised its option to acquire the project. Tajiri has paid the company a final USD$150,000 option extension and exercise fee and will pay Middle Island USD$335,000 in cash and 5 million Tajiri shares, representing an 8% stake in Tajiri, for the project.

Image Resources has mapped out ultra-high-grade heavy mineral sands mineralisation for a further 2km northwards at its Boonanarring mineral sands project near Perth. The company has now completed infill drilling across all proposed mining blocks at the operation, with assay results expected shortly, which should allow a full update of mineral resources and ore reserves for the project in the December quarter of this year.

Strike Energy’s West Erregulla-2 well in Western Australia’s Perth Basin has intersected extended drilling breaks with associated elevated mud gas readings in the target High Cliff sandstone. The company will continue drilling through the remaining High Cliff formation until the well intersects the Holmwood Shale before commencing a full suite of wireline logging tools throughout the High Cliff and Kingia sandstones.

St George Mining has delineated a new occurrence of high-grade nickel-copper sulphide mineralisation in drilling at its Radar prospect near Leonora, WA, which extends the strike of the emerging Cathedrals Belt base metal deposits to 5.5km. The program was targeting chargeable EM anomalies identified from geophysics below the sand cover and defined a wide zone of disseminated and massive sulphides at a depth of 44.2m down-hole.

Smart building materials trailblazer, ClearVue Technologies, is advancing its global expansion plans with the establishment of a Singapore office and the signing of a collaboration agreement with CSME Power Systems. The company’s new subsidiary, ClearVue Asia, will operate in Singapore and Malaysia while the agreement with CSME is expected to fast track its entry into significant government and corporate contracts.

Surefire Resources is poised to commence a 30-hole reverse circulation drilling campaign totalling 3,000 metres at its Victory Bore project near Sandstone, WA, next month, to test seven target areas highlighted by anomalous gold with coincident geophysical anomalism. Previous drilling in the 1990s defined a gold-in-soil anomaly about 4.4 kilometres long and up to 750 metres wide.

Spectrum Metals’ recently completed detailed sub-audio magnetic survey has identified several new targets in the gap zone between the Penny North deposit and the Columbia-Magenta targets of its Penny West gold project near Youanmi, WA. The company is currently increasing its drilling capacity and will test targets generated from the survey over the coming months.

Kairos Minerals has delineated a 4km long gold-in-soil anomaly adjacent to a prospective geological contact at its emerging Croydon project, located near Port Hedland, WA. The anomaly incorporates a coherent, higher-grade core over more than 1km containing greater than 100ppb gold and may represent a conventional, subsurface bedrock gold target, in addition to the well-defined, conglomerate-hosted gold potential of the district.

Australian Potash’s Lake Wells SOP project near Laverton, WA, could churn out annual pre-tax free cash flows of $100 million via the production of 150,000 tonnes of SOP per year according to its much-anticipated definitive feasibility study. Capex for the project has been estimated at $208 million including a $20 million contingency, while pre-tax net present value was estimated at $665 million.

Hawkstone Mining has expanded the Exploration Target for its Big Sandy lithium clay project in Arizona state, US, by 15%, with new mapping and sampling in the Southern Mineralised Zone demonstrating similar geology to ore zones recently drilled further north. The updated Exploration Target now stands at between 280.1 million and 492.6 million tonnes grading from 1,000 ppm lithium to just over 2,000 ppm lithium.

Hot Chili has identified a new conductivity and chargeability anomaly north of the Cuerpo 3 porphyry copper-gold ore system within its Cortadera project in central Chile, from reprocessed geophysical data. The company has also recorded visual chalcopyrite within mineralised porphyry over the entire extent of the first diamond hole in its Phase 2 drilling campaign at Cortadera.

Venus Metals and Rox Resources have revealed that 1m interval drilling assays from their Currans Find North gold discovery near Youanmi, WA, have provided significant upgrades to the initial 4m composite samples tabled earlier this month. New high-grade results included 3m @ 32.58g/t gold from 115m and 4m @ 9.25g/t gold from 46m down-hole, which contained a 2-metre section at 16.05g/t gold from 48m.