Public Company News

In the lead up to Christmas, Coda Minerals has delivered a gift of its own – a maiden mineral resource for the Emmie Bluff Copper-Cobalt deposit at its Elizabeth Creek project in South Australia. The company calculated a resource of 43 million tonnes going at 1.3 per cent copper, 470 ppm cobalt and 11 g/t silver cementing its position amongst the largest known sediment hosted copper deposits in Australia.

In a milestone achievement, Memphasys has landed the first sale of the company’s revolutionary trademarked Felix bio-separation technology placed by a women’s centre in Coimbatore, India. The centre will be the first to use the system for clinical IVF with the order including a Felix console plus an initial supply of single-use cartridges. The Felix business model is based on recurring sales of the cartridges so the initial sale may represent ongoing business.

Aircore drilling by mineral exploration company, Strickland Metals has unearthed a hefty 1.3km long gold trend lying along strike to its multi-deposit Horse Well resource in Western Australia where about 129,000 ounces of contained gold have been defined. Stand out hits from the drilling include 8m at 3.3 grams per tonne gold from 40m that also takes in a higher grade 4m interval going 6.3 g/t gold.

Buru Energy continues to press hard in its hunt for Canning Basin oil having just spudded another well at the producing Ungani field in WA’s Canning Basin. Surrounded by almost all the necessary infrastructure, Buru will be aiming to boost production and sales from Ungani 8H whilst the oil price remains relatively strong.

DiscovEx Resources could be gearing up for a busy new year after drilling at its 17.5 per cent owned Greater Duchess project near Mt Isa in Queensland intersected a 34-metre zone of copper sulphides including a 24m section of predominantly semi massive copper sulphides.

Radiopharm Theranostics’ fight against cancer has taken a vital step forwards after the completion of a phase 1 imaging study of 40 breast cancer patients in Shanghai. According to the company, the procedure delivered uniformly excellent and easy to interpret results. Radiopharm is now looking to accelerate the development of its “RAD201” process and fire up a new therapy study for its RAD202 product.

Toronto-listed gold miner and explorer, Novo Resources has unleashed the rig for a 2,000m drilling blitz to test a plethora of targets at its 50 per cent owned Malmsbury gold project in Victoria. The project hosts more than 1,500 historical gold workings with past drilling at the tenure returning significant mineralised intercepts including an impressive 4.1m grading 13.1g/t gold at the Leven Star trend.

West Cobar Metals has landed a grab bag of significant thick intersections of copper, silver, lead and zinc mineralisation at its Bulla Park prospect in NSW with drill hits spanning over a 1 kilometre strike. Significant assays returned include a 22 metre intercept grading 1 per cent lead and 20 grams per tonne silver from 253m downhole.

Chimeric Therapeutics has ticked off a new milestone in its battle against an aggressive cancer called “glioblastoma” after the successful completion of a second dose trial following a phase 1 dose escalation study near Los Angeles. The company says all patients dosed as part of the trial have now advanced past the 28 day follow-up period without experiencing any dose limiting toxicities.

Kula Gold is back at work at its Marvel Loch-Airfield project in the Southern Cross region of WA. The company’s 62-hole RC drilling onslaught of its kaolin and halloysite ground at the Boomerang prospect is again springing to life. Management says the campaign is aimed at defining the geographic extent and assessing the resource potential of the area.

Aurumin Limited has racked up a gold hit of nearly three ounces to the tonne at its Mt Dimer project approximately 120 kilometres northeast of Southern Cross in Western Australia. The 90.7 g/t hit was included in a broader 8m intersection grading a solid 15 grams per tonne gold from 71m downhole. The Mt Dimer historical production centre has previously produced over 125,000 ounces of gold.

Valor Resources says it is encouraged by results from ongoing geochemical and geophysical surveys in its hunt for Peruvian copper and silver at its Picha project after the company nailed a 1.2km by 2km open geophysical anomaly. It said the anomaly identified by the Induced Polarisation survey potentially represents a large porphyry copper system, which remains open to the south.