Public Company News

Aspiring iron ore producer, CZR Resources has pegged and lodged a mining lease application taking a key step in bringing the 89.1-million-tonne Robe Mesa iron ore deposits into production in the Pilbara. DFS works are accelerating following the recent release of a PFS which demonstrated the economic potential of the project underpinning the drive towards production.

Calidus Resources says it has inked final agreements with Macquarie Bank for project loan facilities totalling $110 million in relation to its developing Warrawoona gold mine in WA’s East Pilbara. Under the terms of the debt funding package, the company also locked in a mandatory hedging arrangement covering the delivery of 125,000 ounces of forward gold sales from Warrawoona across the 3.25-year tenor of the loan facilities.

K2fly has partnered with Griffith University and The Keeping Place to deliver a new cultural heritage management system designed to map ancient indigenous rock art. Spanning Cape York Peninsula’s enormous Laura Sandstone Basin, the region hosts one of the richest bodies of rock art in Australia. The joint project aims to record the rock art for future generations and help provide a framework for its sustainable management.

Novo Resources has tabled a “preliminary economic assessment” over its Beatons Creek conglomerate gold mine in WA. Figures from the study underline the profitability of leading-edge discovery, with the mine set to produce more than 100,000 ounces of gold per annum at a cash cost of US$702 per ounce, delivering an extremely healthy profit over a projected 6-year mine life.

Surefire Resources has unleashed a second drill rig on the exciting Yidby Road gold prospect at its Yidby Road gold project in WA. The company’s current RC drilling campaign comes on the back of its recent initial spectacular, thick drill hits of 40m at 3.01 g/t gold from 24m including 4m at 26.57 g/t, and 56m at 1.97 g/t from 44m including 4m at 14.47 g/t.

Godolphin Resources has been buoyed by a promising start to its resource definition drilling program at its Lewis Ponds polymetallic project in NSW’s venerated Lachlan Fold Belt region. The stand-out drill intersection from the company’s first diamond hole at Lewis Ponds was 18.6m grading 1.38 g/t gold, 55 g/t silver, 5.4 per cent zinc and 1.8 per cent lead for a gold equivalent grade of 6.72 g/t from 72m.

Image Resources has revealed a raft of resource upgrades across its heavy mineral sands projects in WA’s Mid West region, including the delivery of a massive 102 million tonne resource for its Bidaminna project. The company also continues to process and export a wealth of high-grade zircon-rich ores from its Boonanarring mine whilst it eyes a move into mining at its Atlas deposits in the north of the basin.

ASX-listed CZR Resources is gearing up for a maiden round of reverse circulation drilling next month at its Buddadoo gold project east of the 1.2-million-ounce Deflector gold-copper mine in WA’s Murchison region. CZR’s ground straddles the under-explored Gullewa greenstone belt where multiple targets that have been lit up by high-resolution magnetics are also coincident with soil and rock chip samples that returned anomalous gold readings.

Wiluna Mining continues to add grade at its Wiluna gold mining operation in WA. A suite of recent high-grade drill results headlined by 2.35 metres going 61.05 grams per tonne gold continue to demonstrate that Wiluna has ounce plus dirt on its hands at its namesake Goldfields project as it looks to eventually expand production to 250,000 ounces of gold annually.

Horizon Minerals has reported a string of bonanza gold drill hits from one of its core satellite gold deposits that form part of its proposed Boorara gold project development near Kalgoorlie. Drilling undertaken at the company’s Crake deposit delivered spectacular near-surface RC assays led by a 24-metre intersection at an average grade of 4.94 g/t gold from 32m including 1m at 57.17 g/t from 36m.

Wiluna Mining continues to tick boxes as it hurtles towards implementing its much-heralded production expansion plan at its Wiluna gold mining project that will see existing gold production double and then double again. Construction of a 750,000 tonne-per-annum flotation plant has now commenced as the company looks to grow gold production to 250,000 ounces annually.

ASX and Frankfurt Stock Exchange-listed PharmAust has unveiled encouraging initial results from the continuing phase IIb clinical trial of its anti-cancer drug, Monepantel on pet dogs suffering from B-cell lymphoma. The Perth-based company says the first five dogs who have undergone treatment with Monepantel across five participating test sites show “minimal side effects”.