Public Company News

King River Resources is continuing to refine the feasibility study over its immense Speewah Dome high purity alumina project in the Kimberley region of WA, with recent developments including the streamlining of the HPA circuit to develop a product for use in technological applications.

Classic Minerals continues to go for gold at Kat Gap in WA with sampling pointing to an extensive gold anomaly west of the company’s high-grade discovery. Classic has recently completed a detailed auger program west of the Kat Gap resource area, identifying an extensive blind gold target covering more than 900 metres of strike – results from shallow auger holes tip the scales at up to 2,130 ppb gold.

ASX-listed Vietnam base metals hopeful, Blackstone Minerals, has fired up the drill bit again at its next nickel sulphide prospect at the historic Ta Khoa nickel-copper-PGMs project, 160km west of Hanoi, as part of its aggressive exploration drive through a treasure chest of massive sulphide vein targets.

ASX-listed Hot Chili may be onto another significant discovery – at the Cortadera North target zone – which could even be a twin to its Cortadera copper-gold porphyry system. The potential for a new “look-alike” discovery about 2km north of Cortadera, which shows a geochemical footprint of 2km in length, comes just weeks ahead of the company’s plans to announce a maiden resource estimate for the Chilean project.

ASX-listed platinum group metals explorer, Podium Minerals, is aiming for an upgraded resource estimate next month for its Parks Reef PGM project in the Mid West region of WA following more encouraging results from rock chip sampling work. The company is targeting a near-surface resource of between 1.5 million ounces and 2.6Moz of PGMs.

Okapi Resources has nailed down a strategic position in the fertile Lake Johnston greenstone belt west of Norseman in southern WA. The company has entered into a farm-in agreement with dynamic market player, Lithium Australia to explore for gold and base metals across that company’s strategic tenement holdings in the same greenstone belt as the old Maggie Hayes and Emily Ann nickel mines.

Ardiden has sunk a golden hole in one with the maiden drill hole of its diamond drilling program at the Kasagiminnis project in Canada intersecting visible gold. The early hit bodes well for the current exploration program over the deposit and demonstrates that the company has a good handle on the controls of the gold mineralisation at depth. Drilling continues and is designed to significantly boost the current resource over the coming months.

Godolphin Resources has returned a couple of very encouraging gold hits from the first hole of a phase two RC drilling program at its Mount Aubrey gold project in the venerated copper-gold Lachlan Fold Belt province in NSW. Notable intersections from that hole were 3m going 7.41 grams per tonne gold from 99m including 1m at 21 g/t, and 7m at 1.52 g/t from 36m.

After successfully identifying and drilling a number of extraordinary, multi-commodity mineral deposits in Bosnia, Adriatic Metals has moved to lock up the wider mineral province around its key project areas. The company has now more than quadrupled the size of its ground holdings in the region and locked up most of the 25km long metal rich terrane.

Barton Gold has added to its management credentials with the key appointment of an experienced corporate executive as the Gawler Craton gold hopeful gears up for a possible IPO next year. Shannon Coates joins the Perth-based gold junior as Company Secretary with more than 25 years of experience under her belt in corporate law and compliance services to publicly listed companies across multiple jurisdictions.

Blackstone Minerals has continued its successful delineation of the Ban Chang sulphide discovery with ongoing drilling intersecting broad zones of nickel mineralisation. The company’s maiden drilling program across the prospect has outlined nickel mineralisation over more than 1.2km of strike with latest results including 9.60m at 0.84 per cent nickel and 14.65m at 0.74 per cent nickel.

Wiluna Mining continues full steam ahead in the expansion of its namesake operation in WA with the world-class gold deposit continuing to produce outstanding results from underground development drilling which has returned 5.96m at 112.98 g/t gold including 0.65m at an incredible 880 g/t gold. The company is poised to deliver more good news in coming weeks with an updated resource set to be tabled before the end of the month.