Public Company News

Trigg Mining has delivered a robust scoping study evaluating the proposed development of its Lake Throssell “sulphate of potash” fertiliser project in WA. The company says the project could generate $97m a year in EBITDA over a 21-year initial mine life. The project is about 170km north-east of Laverton in WA and Trigg will now launch into a pre-feasibility study to firm up its numbers.

ASX-listed proprietary software provider K2fly has strengthened its partnership with resources giant Rio Tinto, signing a contract to apply its ground disturbance data management system across all of the miner’s Pilbara sites in Western Australia. Perth-based K2fly now provides services to Rio Tinto across five of its nine product areas.

ASX-listed Altech Chemicals could be on its way to becoming a key player in the thriving lithium-ion battery industry with its high purity alumina coating technology that the company says may be able to resolve fundamental issues with energy densities and the cost of lithium-ion batteries. The company is undertaking a pre-feasibility study for a proposed 10,000 tonne per annum battery materials coating plant in Saxony, Germany.

ASX-listed junior explorer, Latitude Consolidated has launched a second exploration campaign at its Murchison gold project in Western Australia. Drilling will initially target the high-grade Turnberry gold mineralisation, following up on previously reported thick high-grade intersections before heading on to target the St Annes prospect. Previously reported thick high-grade intersections at Turnberry included 9m at an impressive 10.4 grams per tonne gold from 162m.

ASX newcomer, West Cobar Metals made a solid debut on the market last week after pocketing $5.5m in a strongly backed initial public offering ahead of the listing. The Perth-based explorer’s $0.20-a-share IPO hit the boards at the ASX in style on Friday with the stock reaching $0.25 in intraday trading. The company now plans to unleash the rig on its compelling copper and gold targets in NSW.

Hot Chili continues to unravel the geological secrets at its 100 per cent owned Cortadera copper-gold deposit in Chile after it tabled a bumper 610m intercept at 0.5 per cent copper-equivalent which includes a high-grade 138m core going 0.8 per cent copper-equivalent. The latest results extend the northern flank of the Cortadera mineralised system by a massive 170m.

Mineral exploration company, Kairos Minerals has put its foot on 479 square kilometres of tenure in the celebrated Pilbara region of WA to swell its landholding in the district to a whopping 2,026 square kilometres. The company says the new exploration licence applications are prospective for lithium pegmatite discoveries and intrusion-related gold mineralisation similar to De Grey’s world-class Hemi discovery in the region.

ASX-listed biotechnology company Cynata Therapeutics has sealed a partnership agreement with Fujifilm as it makes a big step towards a commercial manufacturing deal for its proprietary Cymerus stem cell therapy products and eyes an accelerated push into the all-important United States drug market. The company is planning a stage two trial of the therapy to treat bone marrow recipients.

ASX listed Kula Gold has its foot on another couple of exploration licences that are contiguous with the central part of its broader WA Brunswick tenement and the company has already collected several high-grade rock chips from the newly acquired ground that contains the historic Donnybrook gold mine. Interestingly, the high grades correlate well with historic drill assays in the area which graded up to 9.92 grams per tonnes gold.

Aurora Labs has wrapped up a trial project that tested the company’s 3D metal printing technology’s ability to “print” stainless steel components for the construction of Australian Navy frigates. Aurora says the trial, under a collaboration with Australian defence contractor, BAE Systems Maritime Australia, has returned positive outcomes in terms of part quality, dimensional accuracy and build rate.

West Cobar Metals is set to pocket $5.5 million when it hits the boards at the ASX today and the rods are already primed to start turning at its exciting Bulla Park and Mt Jack copper-gold projects in and around the prolific Cobar basin of NSW. Initially the company is looking to drill test two enticing looking targets that were unexpectedly abandoned in historical drilling.

Galan Lithium has added further lithium brine potential to its Hombre Muerto West project in South America’s prolific ‘Lithium Triangle’ with a newly drilled bore hole revealing previously unrecognised brine bearing aquifers. The company says the discovery could provide a boost to future resource estimates for the project that already boasts 2.3 million tonnes of lithium carbonate equivalent.