Public Company News

ASX-listed K2fly continues to build momentum with the "software-as-a-service" company’s invoicing building to in excess of $1.64m across the first quarter of the financial year, up 15 per cent on the previous corresponding quarter. The company is riding high on the back of a stream of new client signings seeking access to K2fly’s specialised land management and mining software.

Hot Chili has unveiled a massive new resource for its Costa Fuego project in Chile, with the company’s inventory in South America skyrocketing to a headline-grabbing 724 million tonnes at 0.48 per cent copper equivalent. The global resource now hosts an incredible 2.9 million tonnes of copper, 2.7 million ounces of gold and 9.9 million ounces of silver. These numbers are set to grow even further in the coming months as drilling continues across the fertile copper terrane.

ASX-listed Horizon Minerals has added 200,000-plus resource ounces to its global gold inventory within trucking distance of the company’s Boorara gold project 10km east of Kalgoorlie that is already teeming with satellite deposits. The Perth-based gold producer has picked up the potentially lucrative historic Kalpini project from private syndicate, NBT Metals, for only $2.75 million in cash.

ASX-listed budding manganese producer, Element 25, has ticked off two more elements that are crucial to the extremely low CAPEX development of its Butcherbird manganese mine in the Pilbara. The company is now firmly on course to achieve its production start-up target date of February next year after securing commitments totalling almost $10 million for a capital raise and signing up OM Holdings as its preferred offtake partner.

Eclipse Metals has now completed its second phase of drilling at the Amamoor manganese prospect in Queensland, with manganese mineralisation intersected in every drill hole of the program. The successful program has now wrapped up with a bevy of samples dispatched to the laboratory for assay.

ASX-listed Proteomics International has published the findings of a major international, multi-centre clinical study involving more than 3,500 patients which provides the first-ever external support for the efficacy of its PromarkerD diagnostic test. Extraordinarily, patients identified by PromarkerD were 13.5 times more likely to develop Chronic Kidney Disease during a 4-year period.

Terrain Minerals has lit a fire under its Smokebush gold project revealing a swag of high-grade gold hits, with first-pass drilling at the Monza prospect producing a number of impressive intercepts including 4m at 4.46 g/t gold with 1m at 10.3 g/t gold from only 51m down-hole.

AVZ Minerals is drilling below the Roche Dure pit floor at its giant Manono lithium and tin project in the Democratic Republic of Congo hoping to upgrade a portion of the pegmatite ore to an indicated from inferred mineral resource category, where previous drilling had defined more than 400Mt of potential ore at a startling grade of 1.65 per cent lithium oxide.

PolarX continues to grow its Zackly copper-gold discovery in Alaska with drilling outside the main resource area intersecting broad zones of gold-rich mineralisation including 24.5m at 1.24 g/t gold and 0.6 per cent copper which also hosts a higher-grade core of 11.2m at 2.45 g/t gold and 1.1 per cent copper from only 52.6m down-hole with further results expected in the coming weeks.

ASX-listed Horizon Minerals, sitting on around $22m in cash and investments is progressing trial mining at its flagship low-grade open pit mine Boorara gold mine which has already turned some initial ore into cold hard cash. Horizon said it is now aspiring to join the ranks of mid-tier gold producers via its core gold ground scattered around Kalgoorlie’s super pit.

Budding WA gold producer, Ora Banda Mining, has delivered a maiden mineral resource estimate for the Riverina South prospect as it prepares to start mining at the nearby Riverina open pit this month as part of its $45 million Davyhurst gold redevelopment 120km north-west of Kalgoorlie. After an extensive drilling program, the company released an initial resource for Riverina South of 650,000 tonnes at 2.1 g/t for 43,000oz of contained gold.

Novel clinical diagnostics developer, Proteomics International has teamed up with the QMIR Berghofer Medical Research Institute in Queensland to improve and simplify the detection of oesophageal adenocarcinoma, the most common form of oesophageal cancer. Proteomics will use its trademarked Promarker platform with QIMR Berghofer’s biomarkers to develop a simple blood test for the cancer, whose incidence is on the rise.