Public Company News

ASX-listed mining “software-as-a-service” provider, K2fly, has defied the financial fallout of the global coronavirus pandemic as its RCubed mineral resource and reserve reporting software solution continues to attract more resources big hitters. The latest multinational group to take up K2fly’s mineral resource governance software package is French-headquartered nuclear energy giant, Orano, who has signed a five-year contract with K2fly that has a total value of A$300,000.

Just weeks after Kairos Minerals moved to double its Pilbara land holdings, the Perth based company has collected a suite of high-grade rock chips going up to nearly 13 grams per tonne gold at its Skywell project in the Pilbara with five samples coming in at an average grade of 4.8 grams per tonne gold across a 130-metre length of outcropping quartz vein.

Venus Metals and Rox Resources have kicked off an RC drilling program at their Penny West Deep South and Sovereign prospects at the JV partners’ Youanmi gold project in WA as they continue their quest to revive the historic gold mining region. The partners have already enjoyed significant success at the project with long, ounce plus intersections already rolling off the drillbit at Youanmi.

Element 25’s sub-sampling of diamond core drilled back in 2013 from the Coodamudgi deposit resulted in manganese grades going up to 42.3 per cent right from surface. Coodamudgi is located near the company’s Yanneri Ridge resource within its Butcherbird project in the Pilbara. Butcherbird already has an outstanding pre-feasibility study wrapped around it showing a pre-tax NPV of $283m at a manganese concentrate grade of 33 percent.

Blackstone Minerals’ Ban Chang prospect has delivered another set of impressive numbers with a nearly 10 metre long drill intersection going 1.45 per cent nickel, 0.9 per cent copper, 0.08 per cent cobalt and 0.7 grams per tonne platinum, palladium plus gold, from 57m down hole. The new result is from a step-out hole at the company’s Ta Khoa nickel-copper-PGM project in Vietnam that was drilled over one kilometre away from Blackstone’s maiden hole at Ban Chang.

Middle Island Resources' Sandstone project looks to be the gift that just keeps on giving with latest drill results showing a 4m hit going 50.5 g/t gold which includes a 1m section at a crazy 198 grams per tonne gold – and only 3 metres from surface. Additional results from the Ridge prospect are expected to flow over the coming weeks.

St George Mining has entered the next phase of development and drilling at its Mt Alexander nickel sulphide project in Western Australia. A deep diamond drilling program kicked off this week at the Investigators prospect with the collaring of a massive, 800-metre deep hole targeting the depths of the ore system. The company has now completed drilling at the Stricklands deposit with a maiden resource expected in weeks.

ASX-listed tech player, Aurora Labs’ 3D metal printing business strategy has pivoted from a manufacturing and distribution model to a less costly and lower risk partnership, licensing and royalty model. The major strategic shift follows the completion of a review of the company’s 3D metal printing technology to determine what is needed over the next 12 months to advance its fast RMP-1 printer in particular towards commercial readiness.

Venus Metals and JV partner, Rox Resources have tabled their first set of metallurgical test work numbers at the Youanmi gold project in West Australia’s Goldfields. The results show an impressive average gold recovery from the oxide material at the Grace prospect of 97 per cent. The test work also returned a gold recovery of 94 per cent in oxide material at the Plant Zone and Main Lode.

With the gold price piercing the US$1,800 per ounce mark and threatening to test the A$2,600/oz level, emerging gold developer, Calidus Resources, is moving quickly to get its ducks in a row in order to meet an accelerated development schedule at its planned $116 million Warrawoona gold project in WA’s East Pilbara district.

ASX-listed Great Southern Mining has hit visible gold in drill core from quartz veins from 164.5m down-hole at its high-grade Cox’s Find underground gold deposit near Laverton in WA’s Goldfields. Assays are being fast-tracked after one diamond hole was drilled immediately down-plunge from historical workings where high-grade gold mineralisation was observed last year.

After a hiatus period that was partly caused by Government policy decisions and COVID-19, Northern Minerals is looking to start producing rare earths in WA again. The company has begun planning the logistics to restart its Browns Range pilot plant in WA’s Kimberley region which will be the only substantial heavy rare earths producer outside of China.