Doug Bright

Surefire Resources has received a formal expression of interest for its Victory Bore vanadium and titanium project from German independent commodities trading company HMS Bergbau AG. The expression of interest in Surefire’s WA operation, extends to the company’s processing facilities in Saudi Arabia and seems to also contemplate a long-term strategic resource partnership.

In this edition of Bulls N’ Bears Big Hits we examine some notable drill intercepts revealed on the ASX last week, including Australian Gold and Copper’s Achilles discovery at its South Cobar gold-silver-copper project near Cobar in NSW. We also take a close look at other interesting drill hits from last week as reported by Laramide Resources’ from its Westmoreland uranium project in Queensland and PolarX from its Caribou Dome project in Alaska, USA.

Suvo Strategic Minerals has received $380,236 from the Federal government for R & D work on its low carbon cement research under the Federal Government’s R&D Incentive Scheme. The Perth-based company’s licensed proprietary “Colliecrete” technology has achieved a greenhouse gas emissions reduction of about 50 per cent compared to ordinary Portland cement.

BMG Resources is preparing to probe high-grade gold zones at its Abercromby gold project in a round of extensional drilling designed to expand the company’s current maiden 518,000 ounce gold resource at Wiluna. The program was flagged two weeks ago following the company’s successful $1.5 million capital raise from sophisticated and institutional investors and it is now fully-funded to complete expansion drilling at Abercromby and to progress development studies.

Terrain Minerals has nailed what looks like a new gold discovery in WA’s Mid-West region with its first pass drill campaign that followed up on historic arsenic soil anomalies. The maiden campaign at Terrain’s Wildflower project hit 9m at 1.17g/t gold from 30m, including 3m at 2.61g/t gold. The 72-hole, 1710m reconnaissance air-core drilling program also picked up multiple broad zones of lower-grade but geochemically-significant shallow supergene gold.

Lindian Resources will pick up between $1 and $2 a tonne by way of a royalty over its Woula bauxite project in Guinea, with two Guinea-based firms set to lease and mine the project. Woula will churn out about 2mtpa and notably, production should commence within 12 months, setting up a handy income stream for Lindian as it looks to commercialise its massive rare earths asset in Malawi.

BMG Resources has received commitments to raise $1.5 million through a share placement to sophisticated and institutional investors which will fully fund its extensional drilling program at its Abercromby gold project near Wiluna, WA. The placement will comprise 150 million new fully paid shares at $0.01 cents per share in two Tranches with the new shares ranking equally with BMG’s existing shares on issue.

In this edition of Bulls N’ Bears Big Hits, we examine some notable drill intercepts revealed on the ASX, including from Ora Gold’s Crown Prince which hit 20m at 277.36g/t gold, including 4m at 1368g/t gold. We also take a close look at other interesting drill hits from last week as reported by Axel Rare Earths’ hit from Brazil and Piche Resources big uranium hit in WA’s Ashburton region.

Titanium Sands has won approval from Sri Lanka’s Geological Survey and Mines Bureau to consolidate the five main licences at its Mannar mineral sands project to assist the process of obtaining an industrial mining licence. The consolidation is a requirement of the country’s “Board of Investment” in order to seek foreign investment approval for the project.