Public Company News

Whilst it mulls over some positive nickel-copper assays from recent shallow metallurgical test holes at its Stricklands prospect, St George Mining has two sets of drill rods spinning simultaneously at its flagship high-grade Mt Alexander project in WA's north-eastern Goldfields. Both rigs are vectoring in on strong EM conductors that are amongst the deepest tested along the western extension of the Cathedrals Belt prospect.

K2fly has added NYSE-listed precious metals mega-miner, Coeur Mining to its Software-as-a-Service customer base after Coeur inked a 5-year deal for the company's industry-leading RCubed Resource Inventory software. The 5-year deal to be rolled out across Coeur's five North American mine sites is worth A$718,000 over the period and has pushed K2fly's total contract value for its software as a service offering to A$8.7m.

Kingwest Resources has expanded its global gold resource based on a cluster of deposits at its historic Menzies gold project about 130km north of Kalgoorlie by more than 125,000 ounces following its recent major resource definition drill out. The company increased the combined resource estimate for Menzies to 11 million tonnes of ore at an average grade of 1.26 grams per tonne for 446,200 ounces of gold.

Ora Banda Mining continues to kick goals as part of its ongoing resource drill out of its Davyhurst project in the goldfields of WA. Having poured the first gold bar at Davyhurst only in February, the company is now steaming ahead in its quest to grow the resources beneath the Riverina pit and at the Riverina South prospect.

Indiana Resources has upped the ante in its case against the Government of Tanzania, which relates to the alleged expropriation of the company's Ntaka nickel project in southern Africa. The company is pursuing Tanzania through an arbitration process with the World Bank, with Indiana's claim now topping an eye-watering US$95 million. The first hearing is now scheduled for the 22nd of April 2021.

High purity alumina developer, Altech Chemicals says the results from first-phase testing of batteries that contain graphite particles coated with its proprietary high purity alumina coating technology have been “positive and encouraging”. Test work will now proceed to the next stage involving further testing of battery charging and discharging with the aim of demonstrating repeatability and consistency.

The pieces are coming together for ASX-listed Middle Island Resources with positive developments from its ongoing feasibility study aimed at bringing the old Sandstone gold processing plant back to life. Final news on what could be a game-changer for the gold explorer is just a few short weeks away.

Construction of ASX-listed Lithium Australia's planned pilot plant showcasing and testing its proprietary “LieNa” fine-spodumene conversion process has begun. Development of the pilot plant, a major component of the Perth-based company's $3.6 million LieNA lithium recovery technology research and development program, was hampered last year by travel restrictions that came courtesy of COVID-19.

Neometals' 50 per cent-owned joint venture company, Primobius has clinched a memorandum of understanding with Itochu Corporation that will see the Japanese giant weigh up the recycling potential of Primobius' proprietary lithium-ion battery material processing technology.

Emu NL's Viper copper project in WA is already looking the goods with first pass sampling across the prospect throwing up visible copper. The company's maiden auger drilling program has tested the main copper bearing stratigraphy along more than 3 kilometres of strike where the field team has been routinely picking up samples containing visible copper mineralisation.

Things are heating up for ASX-listed King River Resources after unearthing high-grade gold and copper at its as yet undrilled Kurundi Project in the Tennant Creek/Davenport region of the Northern Territory. An eye-catching rock chip sample grading 16.05 grams per tonne gold and 6.4 per cent copper leads an impressive suite of numbers across multiple locations from two newly acquired concessions.

3D metal printing group, Aurora Labs has received favourable results from initial tests it conducted to assess the material properties of sample parts printed with specialist aluminium powders supplied by its research project collaborator, Gränges Powder Metallurgy. Aurora is researching the possibility of using aluminium alloy powders in its powder bed fusion additive manufacturing.