Bulls N' Bears (Commercial Content)

JV partners Venus Metals and Rox Resources have discovered high-grade intersections from their maiden drilling program at the Currans Find JV gold project, located near Youanmi, WA. At Currans Find North, spectacular new intercepts of potentially shoot-controlled and shallow quartz veining included 6m @ 9.82g/t gold from 36m down-hole and 4m @ 5.72g/t gold from 60m down-hole in separate drill holes.

MGC Pharmaceuticals has received a 50% increase in medical cannabis product orders from Australian distributors Health House International and Cannvalate due to both repeat and new prescriptions. The company also expects to conclude the Phase II clinical trial for its CogniCann medical cannabis treatment for dementia and Alzheimer’s patients about 12 months ahead of schedule thanks to the high level of interest.

Australian telco Vonex continues to build momentum for its core PABX telephony business with more than 29,000 registered users now on its books, a 24% increase over the last 12 months due to its marketing campaign and constructive engagement with its channel partners. The company also expects to deliver a 25% year-on-year growth in the June 2019 quarter, up from the 20% growth rate it reported last quarter.

St George Mining has delineated further high-grade nickel mineralisation at the Investigators prospect of its Mt Alexander project located near Leonora, WA. Best results included 10m @ 2.47% nickel, 1.06% copper, 0.07% cobalt and 2.52g/t PGEs from 142m down-hole. Regional exploratory drilling at the Sultans prospect also confirmed the continuity of nickel mineralisation from historical drilling.

AVZ Minerals has initiated a DFS for its Manono lithium project in the DRC after a scoping study outlined that a 5Mtpa operation could generate a whopping pre-tax NPV of USD$2.63b at an IRR of 64%. Manono boasts one of the world’s greatest lithium resources at 400 million tonnes grading 1.65% lithium oxide and 715ppm tin, most likely placing it in the top three lithium deposits around the globe.

Hot Chili has delineated a potential fourth porphyry centre at its large Cortadera copper-gold discovery in central Chile, after securing further historical drill hole and geophysical data for the project area. This technical dataset has revealed a substantial, alteration-related outline some 4km long by 3km wide, which has all the markings of a potentially world-class gold-rich, porphyry copper system.

Infinity Lithium remains on track to complete the pre-feasibility study for its San José project in Spain during July 2019 with test work demonstrating good lithium leachability and the lithium-bearing solution now undergoing further testing. The company is also working on a revised mining schedule and the potential to recapture a significant amount of water contained in tails for processing.

Vonex has reached the final stages of development for its game-changing Oper8tor aggregated communications app that connects multiple communication platforms such as Skype and Whatsapp in real time. The company plans to carry out third-party application unit testing and load testing from the week starting 17 June to ensure that the app performs as expected at scale before announcing a formal launch date.

Rox Resources has commenced an 8,000 metre drilling campaign aimed at extending the defined mineral resources and testing new regional greenfields exploration targets at its Mt Fisher gold project near Wiluna, WA. The area holds a mineral resource of 1.025 million tonnes grading 2.7g/t for just over 89,000 ounces of gold and the drilling will target geological structures potentially hosting higher-grade primary gold mineralisation at depth.

Caravel Minerals expects copper concentrate from its namesake project in WA’s Wheatbelt region to be sought after by copper smelters due to the very low levels of impurities such as arsenic. The concentrate was produced using composite samples from the project and contained about 25% copper while other impurities such as cadmium, selenium, antimony and lead were well below typical threshold limits for smelters.

Hammer Metals has generated high-grade gold and copper results from a rock chip sampling program at its Malbon project near Mount Isa, Queensland. The El Questro prospect produced values up to 99.4g/t gold and 5.96% copper in iron-rich quartz veining and requires follow up work. Numerous copper-bearing zones with gold mineralisation were also defined at the Mt Philp Breccia project to the west.

Australian Potash has made its thickest intersection of productive basal sands whilst drilling two production bores at its Lake Wells sulphate of potash, or “SOP”, project near Laverton, WA. The second bore intersected 62m of high-yielding sands in the target palaeochannel and has flowed brine at indicative rates above the project requirement of 15 litres per second.

Novo Resources has entered into a $43m farm-in and JV agreement with diversified Japanese trading company Sumitomo Corporation to accelerate development of its Egina gold project located near Port Hedland, WA. Sumitomo can earn up to 40% in the project by spending the monies over three years, with minimum expenditure of about $7m per phase of work defined by programs and budgets developed by Novo.

King River Resources’ ongoing metallurgical test work for its giant Speewah specialty metals project in WA’s Kimberley region has successfully produced an iron oxide product assaying 67% iron with low contaminants. The work has also produced an intermediate titanium product assaying 80% titanium dioxide that the company will seek to upgrade using various purification methods.

Venus Metals has divested its 50% stake in the Yalgoo magnetite project near Geraldton, WA, to Iranian-based EPC contractor FIJV Pty Ltd for $2.5m and will use the funds to evaluate its gold, vanadium and base metal assets elsewhere in the State. The company will retain exposure to FIJV’s plans to develop open cut magnetite mines in the Yalgoo district via a 0.625% royalty on future iron ore concentrate sales.

Strike Energy has spudded its highly anticipated West Erregulla-2 well in the Perth Basin, WA, that is targeting up to 1.16 trillion cubic feet of gas in the primary target Kingia High Cliff and 7.2 million barrels of conventional oil in the Jurassic Cattamarra Coal Measures. The well, which is being drilled to a total depth of 5,200m, will also intersect a conventional gas target in the Basal Wagina sandstones.

Great Southern Mining has signed an agreement to acquire the historical high-grade Cox’s Find gold mine near Laverton, WA, that produced about 77,000 ounces of gold at an average grade of 21.94g/t gold between 1935 and 1942. The company plans to apply modern exploration techniques to the project with a focus on step-out drilling from the open pit and underground workings.

Legend Mining has recorded encouraging multi-element geochemical assays from its latest infill aircore drilling of an EM anomaly at the Worsley prospect in the Fraser Range, WA. Best results included 28m @ 0.17% zinc and 1.37g/t silver from 40m down-hole, which incorporated a higher-grade section of 4m @ 0.71% zinc and 1.71g/t silver from 52m and may indicate proximity to a volcanogenic massive sulphide ore system.

Drilling has indicated that Hot Chili’s Cortadera copper-gold deposit in Chile may have greater growth potential than anticipated after confirming a large northern extension to the main porphyry centre, Cuerpo 3. The company is completing a second diamond hole to test the extent of a potential higher-grade core at Cuerpo 3 and plans to drill two further holes to determine the potential for an increasing grade profile with depth.

Spectrum Metals’ Phase II drilling campaign at the Penny West project near Youanmi, WA, has returned top results of 1m @ 180.3 g/t gold from 206m down-hole and 11m @ 11.7g/t gold from 229m from the first holes drilled at the Penny North prospect. The results have already doubled the down-dip extent of the Penny North lode on this section while results are pending for two up-dip holes on the same drill section.

Neometals has completed a scoping study for its proposed lithium-ion battery recycling and processing initiative, with results showing encouraging economic outcomes for an initial 10-year plant life. The company will process about 18,000 tonnes of exhausted LIBs per annum and churn out a pre-tax NPV of $308m and IRR of 72%, with a CAPEX cost of $92m and payback in less than two years.

St George Mining has delineated five new, high priority exploratory drilling targets for base metal mineralisation along the Cathedrals Belt at its Mt Alexander project located near Leonora in the Goldfields region of WA. The new targets include three virtually unexplored regions at the West End and Bullets prospects and two strong responses located down-dip and along strike of the existing Investigators mineralisation.

Calidus Resources has generated high-grade gold assays from a regional aircore drilling campaign over conceptual exploratory targets on prospective shear zones at its Warrawoona gold project near Marble Bar, WA. Best results included 12m @ 2.37g/t gold from 52m down-hole and 4m @ 8.87g/t gold from 48m down-hole on the Klondyke-St George shear system, 5km west of the main Klondyke gold deposit.

BlackEarth Minerals’ encouraging preliminary test work results have revealed that nearly half of the ore concentrate for its Maniry graphite project reports to the Super Jumbo, Jumbo and Large flake categories at high grades of 96% TGC. The results will now be used in offtake discussions and potential agreements and help broaden funding initiatives and product development for the project.

MGC Pharmaceuticals has received a purchase order of about $700,000 from the first full bulk order of cannabis-based cosmetic raw materials from private Canadian cannabis investment company CannaGlobal. It has also received a $173,000 payment for the delivery of cannabidiol raw material to lifestyle & medical cannabis product manufacturer Mabsut Life under their multi-year supply agreement.

PharmAust has given US-based manufacturer Catalent the green light to start producing more Good Manufacturing Practice-grade Monepantel tablets for its upcoming Phase 2 anti-cancer clinical trials in dogs. The company plans to start recruiting dogs with B cell lymphoma in August or September this year for the Phase 2 trials, which will initially follow a 28-day treatment regimen.

Crusader Resources is securing funds to facilitate the optimisation and completion of a DFS and BFS for its Borborema gold project in north-eastern Brazil by the end of this year. The company recently divested its Juruena-Novo Astro gold projects for $3m in cash and scrip and is raising up to $4.1m in a rights issue, as it vectors towards the development of its flagship gold project.

Troy Resources’ infill RC drilling at the Ohio Creek prospect of its Karouni project in Guyana has returned high-grade hits of up to 3m @ 41.7g/t gold from 29m down-hole and indicated a coherent mineralised footprint across a strike length of about 100m and depth of at least 125m. Recent diamond drilling has also confirmed that gold mineralisation may extend to depths of at least 250m.

Volt Resources is close to securing approval for a USD$40m note issue on the Dar es Salaam Stock Exchange that will underpin the Stage 1 development of its Bunyu graphite project in Tanzania. The company has also made progress regarding a proposed bond issue on the Stock Exchange of Mauritius and has received strong interest from North America and Asia-based institutions to fund the project.

Spectrum Metals will commence a detailed, ground-based geophysical SAM survey program over the Penny West shear corridor next month, which hosts the high-grade gold mineralisation at its namesake project located near Youanmi, WA. The surveying covers a gap between the recently identified Penny North mineralisation and the Columbia-Magenta targets to the north and will assist in the delineation of geological structures.

Great Southern Mining has secured up to $150,000 of co-funding support from the WA Government for RC drilling on the various nickel-cobalt-scandium targets at its Mt Weld project near Laverton. This is timely given the ongoing trade war between China and the US that has sent shares in Lynas Corporation, who operates the neighbouring Mt Weld rare earth mine, sky-rocketing more than 80% since late March.

Novo Resources has compiled a mineralisation report for its Karratha gold project in the Pilbara region of WA and outlined future work programs that include comprehensive, bulk sampling of up to 100,000 tonnes across the region. The company will undertake innovative mechanical ore sorting and scanning techniques on the samples addressing the unique, coarse nuggety gold distribution of the Karratha deposits to more accurately predict gold grades.