Public Company News

ASX-listed software developer K2fly has posted a hefty uplift of 29 per cent in its half-yearly revenues, after locking in software as a service contracts with Australian iron ore monoliths Rio Tinto, Fortescue Metals Group and Roy Hill, amongst its bevy of global mega-miners. Revenues for the half-year to 31st December 2020 hit $3.413 million, up over $760,000 on the corresponding period last financial year.

PolarX has expanded its ground holding in Nevada, pegging an additional 96 mining claims across the Fourth of July prospect area in the gold-rich Humboldt Range. The new leases provide the company with contiguous coverage along more than 6 kilometres of strike, taking in a host of historical mine workings which have returned assays of up to 15.28 grams per tonne gold and an incredible 2639.3 g/t silver.

Things just got real for Indiana Resources after the company drilled some stellar holes at its Minos gold discovery in South Australia. Results from the final five holes of the program are headlined by an impressive 38m interval grading 6.54 grams per tonne gold from just 29m, including 16m at 13.12 g/t from 37m.

Calidus Resources is barrelling towards gold production at its Warrawoona project in the Pilbara having received approval for its proposed mining operation. The company is now permitted to move into production and has commenced bulk earthworks across the plant site. Calidus has also placed orders for all of the long lead items required for the milling operation and expects to be pouring gold in early 2022.

AVZ Minerals continues to kick goals at its Manono lithium project in Africa with recent drilling to facilitate ground-water monitoring returning wide intercepts of high-grade lithium mineralisation, extending the known ore envelope an additional 90 metres beyond the current pit design. New drill intercepts include a stunning 98.0m grading 1.79 per cent lithium oxide and 1,174 parts per million tin from only 2m down-hole.

ASX-listed explorer Okapi Resources is set to kick off its maiden drill program at its Enmore gold project in NSW as it continues to search for new drill targets at its West Australian Mt Day project. The company says it is also on the hunt for new projects as it gears up for a busy year ahead.

Aspiring ASX-listed gold producer, Horizon Minerals has unveiled another set of solid grade and broad intercept gold strikes at its 100 per cent-owned Peyes Farm gold project just 10km northwest of Kalgoorlie. One of the best hits was 8m at 8.53 g/t gold, including 4m at 14.2 g/t, from 52m and another returned 6m going 5.33 g/t gold from just 30m down-hole.

ASX-listed Neometals has kicked off a pilot-scale trial program that will test gravity concentrates from its Barrambie titanium-vanadium project in WA as it looks to advance a possibly low CAPEX development of a mining and beneficiation operation. The move comes after recent metallurgical test work undertaken in China confirmed the Perth-based company’s “breakthrough” reduction roasting and magnetic separation flowsheet.

Image Resources has strengthened its hand at its Erayinia gold project east of Kambalda by entering into a Farm-in agreement with the private owners of the King gold prospect that is completely enveloped by Image’s Erayinia gold tenements. Image says it wants to dig into a promising-looking, thick supergene zone that extends from the King gold prospect into its Erayinia tenements.

ASX-listed explorer, Eclipse Metals has uncovered encouraging rare earth elements sniffs from a reinterpretation of old surface samples taken from the Gronnedal-lka deposit area within its recently acquired historic Ivittuut project tenement holdings in south-western Greenland. Total rare earth element readings gleaned from its analysis of historic rock chip samples collected at the carbonatite deposit were as high as 34,400 parts per million.

ASX-listed base metals and gold explorer, Comet Resources is set to launch an aeromagnetic survey at its Barraba copper project in north-east NSW following recently completed initial geochemical soil and rock chip sampling work that yielded high-grade base metal values. The Perth-based company is hoping to ultimately generate a solid set of targets for a first round of drilling.

With the rods still turning at the company’s giant Cortadera copper-gold discovery in Chile, Hot Chili Limited has added further potential to its suite of projects by securing an additional 5,468-hectare land package known as “Santiago Z”. The additional land represents a twenty percent up-tick in the company’s landholdings at its Costa Fuego suite of tenements in Chile.