Public Company News

ASX-listed Kalgoorlie gold miner, Horizon Minerals, has cranked out further promising near-surface drill intersections from one of the four core satellite deposits supplementing its advancing Boorara gold project 10km east of Kalgoorlie-Boulder. The company recently completed a round of resource extension drilling at the Crake deposit consisting of 10 holes totalling 804m to a depth of 132m, as part of its continuing 70,000m drilling blitz this financial year.

Dampier Gold looks set to launch into a second phase of a geochemical targeting program across its Credo Well joint venture north of Kalgoorlie in the Eastern Goldfields of WA. Drilling and sampling across the priority gold target has already defined more than 86,500 tonnes of potentially open pitable resources grading a very healthy 4.41 grams per tonne gold.

K2fly has wasted no time integrating with fellow software as a service provider, SATEVA, following the purchase of the mining software developer in late October. The company has hit the ground running, releasing a new software package named Model Manager to complement its own core offering, the RCubed mining resource and reserve reporting software.

ASX-listed manganese player, Element 25, is closing in on the scheduled production start-up of early next year at its Butcherbird manganese project in the Pilbara region as it continues to pick off key development milestones. The company has now locked in mining contractors, while key plant and equipment components are on their way to WA.

Ongoing drilling at Estrella Resources T5 Zone, near the old Carr Boyd nickel mine north of Kalgoorlie, is providing something of a renaissance in a region where a short-lived nickel-copper mine operated early in the 1970s nickel boom. The company’s project area takes in the mothballed Carr Boyd Rocks nickel mine, which shut decades ago and has seen little serious exploration since that time.

Classic Minerals has topped up the tank, banking $1.2 million on the back of a successful placement to professional and sophisticated investors, with the funds earmarked for its ongoing exploration and development across the Forrestania greenstone belt in WA. The company received an overwhelming response to the share issue that was three times oversubscribed, with Classic offering a wealth of developing gold projects and a potential near-term move to production.

ASX-listed Australian Bauxite’s 89 per cent-owned chemical refining subsidiary, Alcore, is gearing up to become the first domestic producer of aluminium fluoride. The company is looking to ramp up from a laboratory-scale to a commercial-scale production outfit and in the process diversify and increase the security of supply for Australasian smelters.

Ardiden Limited has pulled out its exploration tool-kit as it ramps up its field program at Pickle Lake in Ontario, Canada. The company is deploying a raft of innovative exploration techniques as it tracks down the hidden gold endowment within its tenure. The program has included the use of drone-based geophysical surveying, surface geochemistry and ongoing drilling over the high-grade Kasagiminnis gold deposit.

Blue Star Helium has continued to expand its project tenure at its Las Animas helium play in Colorado in the proven high-grade helium fairway adjacent to the historic Model Dome helium field, as the company prepares for a much-anticipated maiden drilling program. It has just secured leases for a further 6,720 acres to increase its overall lease holdings to 182,000 gross or 127,000 net acres.

ASX-listed gold hopeful, Great Southern Mining, has been swamped by investors who have piled into its $3.12 million capital raise. Funding from the oversubscribed share placement will go towards jump-starting an aggressive drilling campaign the company has mapped out for its Cox’s Find and Mon Ami gold projects near Laverton in WA.

Following up electromagnetic conductor results that lit up like a Christmas tree, ASX-listed Legend Mining has hit paydirt again after it rolled out an assortment of high-grade nickel intercepts at its Mawson project in the Fraser Range of WA. The geological feast included a strike of 14.45m at 2.63 per cent nickel and 2.09 per cent copper from 162.05m with ongoing drilling continuing to hit its mark.

Estrella Resources remains on the money, with drilling at its T5 nickel discovery north of Kalgoorlie in WA continuing to deliver a wealth of sulphide mineralisation. The recently auspicious nickel explorer has furnished punters with yet another broad nickel sulphide intercept from its accelerated drilling campaign, with drill hole CBDD033 offering up close to 26m of sulphidic core.