Matt Birney

Coziron Resources’ directors have provided the company with $125,000 in interim funding by way of loans that are convertible into company shares for working capital. The company is planning to carry out infill drilling at its Buddadoo vanadium project in the Murchison, WA, to generate a JORC resource and has identified a number of drill ready targets at the Croydongold project in WA’s Pilbara region.

Bellevue Gold’s first pass step-out drilling at its Bellevue project northwest of Leinster in the WA Goldfields has doubled the strike lengths of the high-grade Viago and Tribune gold lodes. Notable results include 4m @ 14.8g/t gold and 6m @ 24.9g/t gold. The company expects to release an upgrade to the current resource of 1.5 million contained ounces grading 11.8g/t gold in the second quarter of this year.

Artemis Resources has completed a ground geophysical gravity survey program over priority exploration targets it defined in January over the Armada project in the emerging Paterson Range copper-gold province of WA. The company will now integrate the processed gravity data with the recently collected magnetic data to identify and prioritise potential drilling targets at the intriguing project.

Rox Resources will start poking holes in its exciting looking portfolio of WA-based gold projects in the northeastern Goldfields next quarter with a view to proving up new mineral resources in the under-explored region. The company already holds 89,000 resource ounces at its Mt Fisher project and confidently expects to grow this with a full revision of historical data and a focussed work program.

Tyranna Resources has defined an updated mineral resource of 762,000 tonnes grading 1.8 grams per tonne gold, or 43,100 contained ounces, below the existing open pit at its Eureka gold project near Kalgoorlie. The resource remains open along strike to the north, south and at depth. The company plans to carry out near mine drilling, starting with the southern mining leases, to test for the mineralised potential.

Altech Chemicals continues to make good progress on the stage one construction of its high purity alumina, or “HPA”, processing plant in Johor, Malaysia, with initial site establishment activities now complete. The company recently appointed Macquarie Bank as the preferred mezzanine lender for the HPA plant. Completion of the mezzanine facility is conditional on the outcome of due diligence that is currently underway.

Kalia Limited’s geophysical interpretation of airborne data collected over its Mt Tore JV tenements on Bougainville Island has generated 64 exploration targets, with 12 priority positions identified as potential intrusive complexes and pathways for copper/gold mineralisation. The company is presently conducting on-site ground geological reconnaissance, with drilling on priority targets expected to commence next quarter.

Geopacific Resources will secure full ownership of the flagship Woodlark gold project in PNG by paying JV partner Kula Gold AUD$3.25m for the remaining 7% of the project it does not already control. The timing is quite strategic, with gold prices sitting 10% above the company’s base case scenario used in last year’s DFS for Woodlark, which delivered robust economic and technical outcomes for the project.

BlackEarth Minerals has received an outstanding set of high grade graphite assays from its maiden surface trenching program at the Ianapera project located in southern Madagascar. Best results included 18m grading 22.1% total graphitic carbon, which included 8m @ 32.7% TGC and an incredible 2m @ 46% TGC. The trench samples approximate the true width of the mineralisation and outline the potential for a significant resource tonnage.