Public Company News

ASX-listed Conico Limited saw its share price double in intra-day trading this week after the first drill hole at its 100 per cent owned Ryberg base and precious metals project in Greenland hit a 54.88m interval of significant sulphide mineralisation. Drilling is targeting three modelled electromagnetic plates said to be prospective for magmatic sulphides at the Miki prospect, where surface grab samples returned elevated copper, nickel, palladium, cobalt and gold.

Kingwest Resources has teased out tantalising gold intersections from drilling beyond the current pit shell limit for one of the key deposits at its multi-deposit flagship Menzies gold project in WA. The company’s extensional drilling at the Yunndaga deposit returned impressive assays of 7m grading 5 g/t gold from 163m including 3m at 10.6 g/t and 5m at 2.35 g/t from 100m including 1m at 7.55 g/t.

ASX-listed 3D printing specialist Aurora Labs has officially opened its new head office premises in the Perth suburb of Canning Vale, Western Australia, from where the company will continue its push to bring a new generation 3D laser printer for industrial metal components to the market. The company has said the move will enable it to achieve long-term cost savings of up to $240,000 a year.

Horizon Minerals has racked up a pile of high-grade gold hits from infill and extensional drilling at its Kalpini project about 65km north-east of Kalgoorlie in WA. The company’s drill program returned better intersections of 12m grading 5.57 g/t gold from 203m including 2m at 12.92 g/t from 211m and 5m going at 10.21 g/t from 70m including 1m at 28.83 g/t from 72m.

Blackstone Minerals has tabled a pre-feasibility study projecting very strong profits for downstream processing of its nickel concentrate products in Vietnam. The study is based on construction of a refinery close to its developing Ta Khoa operations which will produce a nickel-cobalt-manganese product for use in the manufacture of lithium-ion batteries and could deliver revenues in excess of $19 billion over an initial 10-year period.

Mineral sands producer Image Resources is turning its attention to gold exploration, with results from drilling at the company’s King prospect in Western Australia bringing home the bacon. The company’s recent exploration over the discovery has delineated high-grade mineralisation along more than 400m of strike, with results including 10m at an impressive 8.4 grams per tonne gold from only 47m down-hole.

ASX-listed Troy Resources has tabled a maiden ore reserve for the Smarts underground project at its Karouni gold operation in central Guyana. The company sees the 89,400-ounce reserve supporting production for at least 2.5 years while it explores for potential extensions. Mineralisation is said to remain open below the calculated reserve of 1,082,000 tonnes grading 2.6 grams per tonne gold.

ASX-listed 3D metal printing specialist Aurora Labs is making strong progress in its plans to develop faster and higher quality laser printing for heavy industry components, hitting the third milestone on its ‘pathway to commercialisation’ of its flagship 3D printer. Hitting its ambitious target would set Aurora apart from competitors in terms of production speed and power.

Trigg Mining has released a maiden indicated resource statement for its high-grade Lake Throssell sulphate of potash project in WA as it looks to advance a scoping study on a possible project development. In the wake of recent trench brine pumping testing of a surface aquifer, the company says it upgraded more than 13 per cent of the Lake Throssell deposit’s previously announced inferred resource.

Victory Mines continues to hit paydirt in Western Australia with ongoing drilling at its Coogee project south of Kalgoorlie returning anomalous gold intercepts. The company’s third phase of drilling has successfully intersected mineralisation along strike from the historical Coogee open pit, with results including 8m at 3.64 grams per tonne gold from 172m down-hole.

Venus Metals has delivered a broad platinum group element drill intercept at its Youanmi PGE and base metals project in the Murchison district of Western Australia, with a 30m hit grading 0.95 grams per tonne combined platinum, palladium and gold, 0.22 per cent copper and 0.24 per cent nickel from 40m extending mineralisation some 50m west of a previous thick intercept.

Askari Metals is on the verge of kicking off a maiden round of reverse circulation drilling at its flagship Burracoppin gold project in WA. The company has now finalised plans for the initial 2,000m program and will be looking to follow up on a slew of historical high-grade drill results and vector in on gold mineralisation below a line of old artisanal mining shafts.