Matt Birney

Calidus Resources has generated encouraging infill drilling results that confirm the grade continuity of its Klondyke ore system at the Warrawoona gold project in the Pilbara region of WA ahead of next month’s PFS. The company has also completed a surface trench sampling program over the Klondyke resource to establish the grade and thickness of gold mineralisation and support future mining operations.

Hot Chili has delineated a thick, high-grade zone of copper-gold mineralisation at its Cuerpo 3 porphyry copper deposit in central Chile, that returned 188m @ 0.9% copper and 0.4g/t gold from 516m down-hole within a wider 622m intercept. The company said the intercept was comparable to results from SolGold’s Cascabel porphyry copper-gold discovery in Ecuador, which holds 5.2 million tonnes of copper and 12.3 million ounces of gold.

ASX-listed medical cannabis player, MGC Pharmaceuticals has extended its reach to Brazil after signing a three-year exclusive distribution agreement with ONIX Empreendimentos e Participações. Brazil is a key emerging market with specialist market insight provider, Prohibition Partners, estimating that the Brazilian and Latin American medical cannabis sector could be worth up to USD$8.5 billion by 2028.

Venus Metals has struck wide, continuous intercepts of gold mineralisation at its Bell Chambers project near Sandstone, WA, which confirmed historical assay results and the geological interpretation for the current 17,000-ounce resource. Better results included 27m @ 2.72g/t from 27m down-hole and 64m @ 1.7g/t gold from 10m down-hole in separate drill holes.

Classic Minerals has recommenced drilling at its emerging Kat Gap gold project near Southern Cross, WA, where a series of exploratory programs last year unearthed shallow, high-grade gold mineralisation at a prospective rock contact. The short campaign will target strike and up-dip extensions of the defined mineralisation, which produced results up to 10m @ 30.78g/t gold from 28m down-hole and 8m @ 19.05g/t gold from 32m down-hole.

Venus Metals has contracted Murdoch University Associate Professor Aleks Nikoloski to carry out a metallurgical research study into vanadium, iron and titanium recoveries from its Youanmi project near Sandstone, WA. The research is co-funded by the Australian Government and test combined pyrometallurgical and hydrometallurgical process to recover all three metals from Youanmi oxide ores.

Alterra has strengthened its board as it continues to build agricultural business opportunities with the appointment of experienced corporate accountant John Palermo as a non-executive director. His background in corporate transaction execution, strategic business management and business structuring is expected to assist Alterra with its strategy of building capacity and pursuing its growth plans.

JV partners Venus Metals and Rox Resources have discovered high-grade intersections from their maiden drilling program at the Currans Find JV gold project, located near Youanmi, WA. At Currans Find North, spectacular new intercepts of potentially shoot-controlled and shallow quartz veining included 6m @ 9.82g/t gold from 36m down-hole and 4m @ 5.72g/t gold from 60m down-hole in separate drill holes.

Australian telco Vonex continues to build momentum for its core PABX telephony business with more than 29,000 registered users now on its books, a 24% increase over the last 12 months due to its marketing campaign and constructive engagement with its channel partners. The company also expects to deliver a 25% year-on-year growth in the June 2019 quarter, up from the 20% growth rate it reported last quarter.