Public Company News

Element 25 says it will be processing manganese ore by the back end of next month at its new Butcherbird manganese project in the Pilbara. The company says it will dry commission the plant in the first half of March and achieve wet commissioning and start processing ore by the end of the month, representing a significant milestone in the history of the company.

ASX-listed Chilean copper player, Hot Chili has fired up a third drill rig to accelerate its recently commenced 40,000-metre follow-up diamond and RC drilling program at its massive Cortadera copper-gold discovery. Cortadera forms part of the Perth-based company’s proposed Costa Fuego porphyry copper-gold super hub project development in Chile about 600 kilometres north of the country’s capital, Santiago.

After nailing its maiden gold drilling campaign at the Gnows Nest project near Yalgoo, Emu NL is opening up a second and third exploration front in WA with auger drilling now set to kick off in the South West and the Eastern Goldfields. A detailed auger campaign will drill test the company’s Viper, Graceland and 8-Mile Dam projects in the coming weeks.

ASX-listed explorer King River Resources says drilling has unearthed its richest, high-grade gold vein outside of the Trudi Main prospect at its Mount Remarkable gold project in WA’s north-east Kimberley region. The first high grade, reverse circulation gold hit at its Jennifer North vein returned 2m at 8.44 g/t gold which included 1m going 14.8 g/t, within an overall 5m zone grading 3.45 g/t gold.

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.