Public Company News

Image Resources has confirmed the presence of a high-grade core of zircon-rich mineral sands, with a close-spaced drilling program over the eastern strand line of its Boonanarring project, located north of Perth in WA. The company said assay results from the infill program at Block C were encouraging and corroborate mining and processing results at the mine, which show higher ore grades than had initially been forecast.

PharmAust has received the key ethics approval from the New South Wales Department of Primary Industry to proceed with the Phase II clinical trials for its anti-cancer drug Monepantel in dogs with B-cell lymphoma, the most common form of canine cancer. The company will begin recruitment of dogs for the Phase II trial after it takes delivery of the tablets from the US in August or September.

Legend Mining has selected conductor D5 within its Area D prospect area in the Fraser Range region of WA, as the highest priority target for diamond drilling later this year. The company controls vast tenement holdings over 3,000 square kilometres in the area and a recent review of all existing drilling data, geophysical interpretations, ore mineralogy studies and encouraging geochemical signatures has led to the conclusion.

ClearVue Technologies has signed a memorandum of understanding with Taiwanese manufacturer BeyondPV to secure supplies of solar photovoltaic, or “PV”, strip modules. Under the agreement, BeyondPV will invest about USD$3.5 million to establish a dedicated production line to produce ClearVue’s solar PV strip modules, while carrying out research and development to improve ClearVue’s products and technology.

Lithium Australia’s ongoing lithium drilling at the prospective Youanmi project near Sandstone in WA’s Murchison region has had initial success, with many of the 22 holes drilled to date intersecting visible lepidolite mineralisation. The company has also dispatched samples from its completed four-hole vanadium drilling program at Youanmi for chemical analyses and metallurgical test work.

AVZ Minerals has appointed well-credentialled, Perth-based, GR Engineering Services to oversee delivery of the definitive feasibility study for its Manono lithium and tin project in the Democratic Republic of the Congo, by the June quarter of 2020. On-site, DFS work programs are continuing on schedule with metallurgical test work well underway and dewatering programs for the historical Roche Dure open pit having commenced.

St George Mining’s new Fish Hook prospect at its flagship Mt Alexander base metals project near Leonora, WA, has been identified as a high priority nickel-copper sulphide target. Soil sampling at the prospect returned highly anomalous values for nickel, copper and platinum group elements that exceeded assays at the Investigators Prospect where extensive high-grade nickel-copper sulphides were later intersected by drilling.

Bellevue Gold has generated an updated mineral resource estimate for its flagship Bellevue gold deposit near Leinster, WA, revealing a 17% increase in the contained metal to 5 million tonnes grading 11.1g/t gold for 1.8 million ounces. Next steps at the project include completing metallurgical and geotechnical studies, establishing water supply locations for the proposed mining operation and refining geological resource models by completing infill drilling.

ClearVue Technologies has signed a consultancy agreement with global engineering consultants Arup to further develop its Smart Façade panel concepts that incorporate the ASX-listed company’s clear glass solar panels. This work will develop four types of self-powered Smart Façades into concepts that can be supplied to selected manufacturers for prototyping and integration into mass production and assembly.

MGC Pharmaceuticals’ seed-to-pharmacy strategy is picking up significant momentum with the ASX-listed company reporting revenues of $763,000 in the fourth quarter ended 30 June 2019. The result is due in part to the receipt of $469,000 in revenue from private Canadian cannabis investment company CannaGlobal for cannabis-based cosmetic raw materials under their five-year supply agreement.

PolarX will shortly commence drilling at both its intriguing Saturn porphyry copper-gold target and Zackly copper-gold skarn deposit, located within its Alaska Range project in the US. The company has initiated geophysical surveys at Saturn to help determine the final drill hole positions and it is planning to start a resource extension drilling program at Zackly to grow the existing mineral resource.

Hawkstone Mining has received additional wide, high-grade lithium assays of up to 52m @ 2,042 ppm lithium, from its Big Sandy clay project in the US. The company is finalising its Phase 2 drilling campaign at the Northern Mineralised Zone and is completing a maiden mineral resource estimate for the deposit and definitive metallurgical test work programs for lithium extraction.