Public Company News

Todd River Resources’ share price hiked more than 8 per cent in ASX trade after the company finalised a $3.3 million capital raise, landing high profile fund manager Acorn Capital as cornerstone investor in the process. The flourishing WA nickel explorer is set to kick off a raft of exploration in the coming weeks across its highly prospective targets throughout the nickel-bearing terranes of Western Australia.

Venus Metals has commenced a fresh round of RC drilling at its 90 per cent-owned Range View prospect as it hunts down more gold at the interesting looking target just 1.5kms north-east of its Bell Chambers gold deposit. Venus is testing the extension of high-grade gold mineralisation discovered late last year at Range View, just off the Paynes Find-Sandstone Road, east of Mount Magnet in WA’s Goldfields region.

Venture Minerals is chasing down both copper and zinc sulphides at its Golden Grove North project in WA, with the budding developer kicking off diamond drilling at the prospect. The program is following up on a quiver of targets generated from the company’s maiden exploration program over the prospect which included drill intercepts of 1.3 per cent copper, 6.1 per cent zinc and 22 grams per tonne silver.

St George Mining is poised to begin drilling over a selection of deep geophysical targets at its Mt Alexander nickel project in WA. The budding explorer has recently completed development drilling over its Stricklands nickel deposit and is now set to move the diamond rig to the recently discovered western extensions of the Cathedrals Belt.

Horizon Minerals has completed the fourth and final toll milling campaign that treated ore mined from a trial open pit at its flagship Boorara gold project, 10 kilometres east of Kalgoorlie. The Perth-based company eked out a further $2.8 million in revenue including $1.2 million in net cash flow from the fourth instalment’s total production of 1,182 ounces of gold that realised a sales price averaging $2,356 an ounce.

Terrain Minerals has earned its 80 per cent holding in the joint venture tenements at its Smokebush gold project in WA, with ownership of the tenure having now been transferred to the company. Terrain has ploughed over $250,000 into its exploration of the five joint venture tenements and has also issued the vendors 5 million shares in the company, meeting the conditions of the earn-in arrangement.

ASX-listed healthcare technology company, InteliCare has shown it is capable of scaling up after posting first-half customer revenues of $235,518 against revenues of just $9,497 for the previous corresponding quarter. The company also banked an additional $553,813 on the top line for the December 2020 half, largely from an R&D tax offset grant and Government COVID-19 grant payments.

Surefire Resources is poised to resume drilling at its historic Yidby Road gold project in WA’s Murchison Goldfields. The new program will follow up on a bundle of recent exciting gold drill hits. The spectacular assay results from the company’s maiden round of RC drilling late last year featured a 56-metre intersection going an average grade of 1.97 grams per tonne gold from 44m down-hole that included 4m at 14.47 g/t.

Indiana Resources has unearthed a golden labyrinth at its Minos discovery in SA, with the company’s maiden drilling program returning a quiver of high-grade intercepts. Drilling has returned gold-rich intervals in each of the five drill holes received to date, including an impressive 22 metres at 3.07 grams per tonne gold and a stellar 5m at 24.35 g/t gold.

West African bauxite hopeful, Lindian Resources has moved to separate the infrastructure interests and mining ownership structures in relation to its Lelouma, Gaoual and Woula bauxite projects in Guinea as it looks to firm up a business model for the development and operation of the assets. As part of the grand plan, the company hopes to strike binding agreements with various parties to participate in the infrastructure development required for the projects.

Emu NL has uncovered a treasure trove of gold mineralisation at its Gnows Nest project in WA, with the company’s maiden drilling program delivering a haul of high-grade intercepts including 3 metres at a stunning 42.18 grams per tonne gold, including an even more impressive 1m at 89.57 g/t gold from 78m down-hole and 4m at 20.4 g/t gold from only 51m down-hole.

ASX-listed West Africa gold explorer, Mako Gold has hit the ground running at its recently granted wholly owned Korhogo gold project in Côte d’Ivoire, kicking off a soil geochemical survey across the project’s two permit areas called Ouangolodougou and Korhogo Nord. Korhogo sits in the same highly prospective Birimian greenstone belt that hosts Barrick Gold’s 4.9-million-ounce Tongon gold mine and Montage Gold’s 3.1-million-ounce Kone gold deposit.