Bulls N' Bears (Commercial Content)

Novo Resources has received a further cash instalment totalling $5 million from fellow aspiring East Pilbara gold producer, Calidus Resources for the staged sale of the uber high-grade historic Blue Spec gold mine and surrounding leases. Calidus now has 25 per cent of the project and if it moves to 100 per cent, Novo will pick up a handy $19.5 million in total.

Australian Bauxite is hoping for a clear run this year after its development activities were curtailed at its advancing Sunrise “metallurgical-grade” bauxite project in Queensland due to pandemic-related travel restrictions in the December quarter. The company did manage to notch up a major milestone late last year having lodged a mining lease application for the proposed development of a bauxite mining and beneficiation operation.

Mining software-as-a-service provider, K2fly will buy the software assets developed by an offshoot of Wesfarmers subsidiary, CSBP in an all-scrip deal that will see CSBP emerge as the major shareholder of K2fly with just over 10 percent of its register. The deal, which involves K2fly picking up the business assets of CSBP offshoot, Decipher Mining, is valued at $3.7 million.

Surefire Resources is set to ramp up its exploration across WA, with the multi-metal explorer looking to begin realising the true value in its diversified project portfolio. Whilst the company’s Yidby gold project has stolen the limelight in recent months, Surefire is also keen to launch into exploration over its nearby Perenjori iron ore project and the Kooline silver project in WA’s Ashburton region.

Estrella Resources is tapping into the deeper potential of its Carr Boyd nickel discovery in WA, with drilling intersecting a broad zone of sulphide mineralisation at around 590 metres down-hole. The drilling confirms the down-dip extensions to the previously intersected mineralisation, with other recent intervals including 3.7m at 1.14 per cent nickel and 0.74 per cent copper from 516.8m down-hole.

With more than 20 million ounces of historical gold production, the Zuleika Shear west of Kalgoorlie is tiger country and Dampier Gold would appear to have the tiger by the tail. The company is about to plough 30,000m of targeted air core and RC holes into its gaggle of gold projects around the Goldfields region that are headlined by the Zuleika gold project.

White Cliff Minerals has unearthed some encouraging copper results from an extensive soil sampling program at its early-stage Midas copper-gold project in WA’s revered Paterson Province. The company says its maiden reconnaissance program comprising just over 500 samples identified a 3km long copper-bearing structural corridor containing around three dozen copper hits of above 830 parts per billion under transported cover.

Calidus Resources has tied up the remaining 30 per cent interest in eight exploration tenements and three application areas surrounding its rapidly developing Warrawoona gold project in a deal with co-owner and fellow Pilbara gold developer, Novo Resources. The final consideration for Calidus to lock up 100 per cent-ownership of the ground was a one per cent net smelter royalty across the tenements payable to Novo upon production.

A week after new US President Joe Biden sent a shudder through the petroleum sector by temporarily halting future oil & gas property leasing, Australia’s 88 Energy is preparing to commence a critical drilling campaign on its already secured leases on Alaska’s prolific North Slope. The company is ticking all the boxes as it prepares to spud the first well at its exciting Project Peregrine.

Gold hopeful, Kingwest Resources has turned in the first assays from its inaugural aircore drilling campaign at the Goongarrie gold project and they have not disappointed. The initial report card reads well with one of the best hits returning a stellar 38m at 3.1 g/t gold from 62m, including 6m at 17.2 g/t from 94m downhole. The project sits almost on the main highway between Kalgoorlie and Menzies.

Okapi Resources is onto extensive gold anomalism at its Lake Johnson project east of Norseman in WA. Soil sampling across the company’s Mt Day gold prospect has thrown up three priority gold targets, the largest of which covers close to 2,000 metres of strike. Management is now planning further sampling across the targets as it looks to drill test them in the coming months.

ASX-listed clinical-stage biotech group, PharmAust has put out a call to pet owners who have dogs with B-cell lymphoma to allow their pets to participate in a Phase IIb trial to help the company evaluate its newly formulated anti-cancer drug Monepantel. PharmAust says recent trials have shown the drug is a safe and effective treatment for dogs that have not undergone any treatment for this type of cancer.

Deep Yellow has been recognised by OTC Markets as one of the premier performers on its OTCQX platform. The aspiring uranium producer made OTCQX’s Top 50 listing, which acknowledges the company’s annual share price performance and its commitment to international regulatory and compliance standards. Deep Yellow continues to develop the Tumas uranium project in Namibia with its PFS for the project set to be delivered in the coming weeks.

ASX-listed aged-care and healthcare technology outfit, InteliCare continued to produce steady sales growth in the December quarter, highlighted by the recent order from Eremea Home Care Services in NSW, while having increased its distributor sales channels by 45 per cent. At the end of the quarter, the Perth-based company was sitting on a solid cash pile of $3.1 million.

Anglo Australian has extracted high gold recoveries from initial metallurgical test work conducted on oxide and fresh rock ores from its historic Mandilla gold project near Kambalda in WA. Gold recoveries predominantly in the high-90s percentage range were recorded, which the company says supports a conventional gravity and CIP processing pathway to gold production. The company is edging closer to a mineral resource estimate for the project’s Mandilla East deposit.

ASX-listed Venus Metals has unearthed fresh rare earth element exploration targets on its ground east of Carnarvon in WA. Assays of reconnaissance stream sediment and rock chip samples exceeding 1,000ppm Total Rare Earth Oxides were recorded at two new sites less than 2km west of eMetals’ Cairn Hill Rare Earth Element anomaly which recorded a peak of 2,700ppm Total Rare Earths.

ASX-listed manganese producer in waiting, Element 25 has nailed a binding take-or-pay offtake agreement with OM Materials covering the first five years of projected manganese ore production at Element’s developing Butcherbird mine about 130 kilometres south of Newman in WA’s southern Pilbara. OM Materials is a wholly owned subsidiary of ASX-listed, Singapore-based integrated manganese and silicon group, OM Holdings.

Dual ASX and London-listed aspiring Balkans polymetallic project developer, Adriatic Metals has cleared one of the final major regulatory approval hurdles taking it a step closer to starting construction at its advancing Vares silver-zinc-lead project in Bosnia and Herzegovina. Receipt of the project’s Veovaca exploitation permit now paves the way for the company to crank up development at Vares later this year.

Ardiden has ploughed into its winter drilling campaign at the South Limb prospect in Canada where the company has designed a seven-hole program across the prospect, which lies only 500 metres along strike from the high-grade Dona Lake gold mine. The drill rig is scheduled to head back to the company’s flagship Kasagiminnis deposit following the completion of drilling at South Limb.

ASX-listed high purity alumina player, Altech Chemicals says it has kicked off battery performance testing of graphite particles that have been coated with HPA using its alumina-coating technology. It comes after what the Perth-based company described as the successful demonstration of the technology to coat graphite particles, typical of those used in anode applications within lithium-ion batteries, with a nano layer of HPA.

Wiluna Mining continues to hit paydirt, with the most recent results from drilling across its namesake operation in WA delivering a multitude of gold-rich intercepts including 34 metres at 4.88 grams per tonne gold and 13.37m at 7.03 g/t gold. The sampling of historic drill core has also turned up some intriguing results including intercepts grading over 10 g/t gold.

ASX-listed explorer King River Resources says drilling has encountered a new high-grade gold zone west of the Trudi Main epithermal quartz vein deposit at its Mount Remarkable gold project in WA’s north-east Kimberley region. The stand-out intersection from the company’s latest batch of drilling results from the project was 6m grading 5.25 g/t gold including 1m at 30.1 g/t.

Hot Chili’s recently commenced 40,000-metre drilling campaign across its Costa Fuego project in northern Chile has posted an uber-impressive 382 metre copper intercept at its Cortadera porphyry deposit, which includes 80m at 0.6 per cent copper and 0.2 grams per tonne gold from 524m down-hole. The company already has two rigs running 24-7 and is set to add a third in the coming weeks.

Gawler Craton-focused gold hopeful, Indiana Resources has completed its maiden 10-hole RC drill campaign at the Minos gold prospect in South Australia. The company has churned out 1,604m of drilling at the Lake Labyrinth Shear Zone chasing historical hits of 12m at 10.36 g/t and 24m at 2.18 g/t gold. Indiana said nine of the ten holes ended in the mineralised shear zone and assays are pending.

Adriatic Metals has piled on the polymetallic drill hits at its historic Raska project in Serbia, with both the Kizevak and Sastavci deposits continuing to cough up broad intersections of near-surface, high-grade polymetallic mineralisation. One of the stand-out assay results at Kizevak was 38m at 2.7 per cent zinc, 2.2 per cent lead, 30 g/t silver and 0.6 g/t gold from 100m.

St George Mining has charged into 2021 kicking off a 4,000-metre diamond drilling program at its Mt Alexander nickel project in WA. The budding explorer expects to have the drill rods turning by the end of the week aiming to test a swag of deep targets along the under-explored western extents of the Cathedrals Belt.

Kingwest has landed another solid set of gold hits in its last dozen drill holes for 2020 at the Pericles deposit within the Lady Shenton System at its Menzies gold project in WA. Amongst the numbers was an intercept of 6m at 1.49 g/t gold from 214m downhole, a whopping 80m deeper than any previous drilling, whilst other shallower intercepts recorded grades up to 8.35 g/t.

Lindian Resources has clinched a memorandum of understanding with Chinese construction company China Railway Seventh Group that will weigh up a possible infrastructure road map to help accelerate development of, and kickstart bauxite production at, the Perth-based company’s assets in Guinea. Both parties will consider entering a formal agreement to devise an infrastructure development plan for Lindian’s potential low CAPEX rapid pathway to becoming a bauxite producer.

Native Mineral Resources has rolled up its sleeves in the hunt for high-grade gold at its Music Well project in WA. A detailed review and interpretation of the exploration datasets covering the company’s tenure has uncovered several high-priority geophysical targets, with rock chipping over the key prospect areas returning assays of over 30 grams per tonne gold.

White Cliff Minerals has received further encouraging gold hits from its maiden RC drilling campaign at its historic Reedy South project near Cue in WA’s Murchison Goldfields. The latest set of notable drill intersections were 11m at 3.19 g/t from 51m including 3m at 8.87 g/t, 6m at 2.96 g/t from 18m, and 7m at 1.60 g/t from 48m including 3m at 2.86 g/t.

Venus Metals continues to uncover fresh precious metal targets across the Youanmi terrane in WA. A detailed evaluation of the company’s comprehensive geophysical and geochemical datasets has highlighted a trio of Julimar-style nickel-copper-PGE targets in the southern Youanmi tenement area, with historical drilling returning assays of up to 2.18 grams per tonne platinum and palladium.

Software as a service provider, K2fly continues to set the pace in the mining software space adding another global name to its client list. The company has signed a lucrative contract with alumina giant Alcoa USA Corp. which will see the K2fly’s innovative RCubed software implemented across six key sites globally delivering more than $570,000 into its coffers over its initial 5-year period.