Public Company News

Legend Mining and the Creasy Group have moved into the next phase of their hunt for a Nova-Bollinger lookalike by kicking off an 80-hole aircore drilling program at the Rockford project in the Fraser Range. The 5,000-metre drill program follows news a fortnight ago of highly encouraging assay results from two diamond drill holes at the project. 

The upcoming ASX float of Lithium Australia’s Canadian partner, MetalsTech, on the ASX, is looking really interesting for Lithium Australia after they signed a strategic partnership agreement this week with the high grade Lithium explorer. MetalsTech recently returned amazing direct shipping grade surface samples in Canada that were grading up to 7% Lithium. 

There is something quite special about turning an idea into reality AND making some money out of it – and its even sweeter when you manage to defy your critics in the process. Blackham Resources have certainly defied their critics by achieving their first gold pour this week at the Matilda project.

Lithium Australia have swooped on hot new Lithium exploration ground in the Lake Johnston area east of Perth and close to the Earl Grey project that is creating so much excitement for investors. The company has dramatically expanded its footprint around Lake Johnston in an exploration rights swap with Lefroy Exploration in one of the hottest emerging Lithium precincts. 

ASX-listed Sky and Space Global is running ahead of schedule with the assembly of its three demonstration "nano-satellites" as it progresses the launch of its potentially game-changing satellite based communications network. The company says construction of the first three units is due for completion in December ahead of the planned Q2 2017 launch.

The FIRB has cleared a $30m Chinese investment in Northern Minerals, clearing the way for the rapid development of the company’s heavy rare earths project at Browns Range in WA. Northern Minerals have already banked $3m and will bank another $9m from Huatai Mining next week with two more $9m payments to follow.

Lithium Australia is in the final approval stage for a maiden drill program in Mexico, adjacent to a world-class project that has already secured celebrated electric car maker Tesla as an off-take partner. It follows an announcement earlier in the week of an additional Lithium discovery at Electra from surface sampling that returned ore grade assays. 

Upstart biotech company Pharmaust is getting close to proving up their breakthrough anti-cancer drug in dogs with a second canine patient suffering from late stage cancer recruited last week. The company recently announced that a second dog had started treatment at Sydney’s Animal Referral Hospital using PharmAust’s reformulated drug known as Monepantel.

You know you're onto something when you cant even find a spot to build your mine because you keep discovering more Lithium under areas designated for mining infrastructure. Such is the predicament of Pilbara Minerals who are strugging to find a non-mineralized spot to build their mine.

A recent drilling campaign at Perth based hammer Metals’ “Millennium” project in Mt Isa has unearthed a cocktail of mineralization on a tenement package that cost the mining junior just $83k in cash and shares – and they bought it from Chinese interests. Minerals present include Copper, Gold, Cobalt, Silver and lead with most results easily convertable to plus 1% Copper equivalents. 

Lithium Australia have begun the final stage of pilot plant trials to prove up their unique “Sileach” Lithium processing technology. The goal of the current trial is to prove to the market that the company’s Sileach process can cheaply and efficiently turn raw mine product into highly sought after battery-grade Lithium Carbonate at around half the cost of traditional processes.

Blackham Resources this week joined the select ranks of Australian gold miners with the commencement of production at their Matilda gold project in Wiluna. With 860 sq km's of tenements to explore and a stellar record of working out where the gold is hiding, it is safe to assume that Blackham’s Matilda Gold resource wont sit at 5.1m ounces for long.