Matt Birney

ASX listed Australian Potash has appointed former WesTrac Managing Director and well known Perth businessman Jim Walker as its Non-Executive Chairman to help develop marketing and financing relationships. Former Executive Chairman Matt Shackleton has been appointed the company’s Managing Director. Australian Potash expects to release a definitive feasibility study for its Lake Wells potash project in 2019.

Tyranna Resources has announced it is about to kick off a resource development drill program at the Eureka gold project north of Kalgoorlie, after acquiring the historic project outright earlier this month. The work will lead to the estimation of a JORC compliant mineral resource later this year. The company will then instigate a feasibility study to evaluate the opportunity for mining and toll-treating the ore.

Geopacific Resources has discovered some seriously high grade gold and copper anomalies from soil sampling at its Woodlark project in PNG. Samples of up to 32g/t gold and 1.4% copper were returned from soils across several mineralised corridors in the southern region. At Loluai, soil values peaked at 0.56% copper and 0.79g/t gold, whilst at Norac, soil values peaked at 0.97% copper in a 3 square kilometre corridor.

Legend Mining has identified a 24km zone in the southern region of its Rockford Project in Western Australia’s revered Fraser Range region that sits on the same trend as the recent Independence Group Andromeda copper-zinc discovery. The company is planning to carry out a combination of aircore drilling and electromagnetic surveying in this area in September.

Aspire Mining’s 80%-owned subsidiary Northern Railways has secured an 18 month extension from the Mongolian Government to meet the remaining conditions for its Erdenet to Ovoot Rail Concession Agreement. The company is targeting completion of the Definitive Environmental Impact Assessment and Management Plan and land use agreements by the June 2019 quarter and it will also look to have funding in place by then.

Galena Mining has appointed former Paladin Energy Chief Executive Officer Alex Molyneux as its Managing Director and Chief Executive Officer with effect from the 1st of September 2018 as the company moves towards becoming a base metals producer. Current Chief Executive Officer Ed Turner will remain as the company’s General Manager of Geology and Exploration from the same date.

King River Copper has announced further outstanding drilling results from the narrow, but high grade Trudi Vein at its Mt Remarkable gold project near Kununurra in W.A. Several intersections returned bonanza grades near surface at the intersection with the Grahame Vein. The best result was 4m @ 36.77 g/t gold from 7m down-hole, including 1m @ 70.9g/t from 9m. Exploratory drilling is ongoing at the property.

MGC Pharmaceuticals expects revenues to rise thanks to strong demand for its range of 18 cannabis based skin care products that has prompted UK luxury retailer Harvey Nichols to make them available in two additional stores. The company said the exposure provided by its skin care products may also provide a ready made pathway to market for its fledgling medicinal cannabis business.

Classic Minerals has implemented an exploration target review of its Fraser Range nickel-copper-cobalt project, located 45km northeast of the famed Nova-Bollinger deposit and less than 10km north of the Creasy Group’s very promising new Silver Knight find in the Fraser Range of W.A. The focus will be on nickel-copper mineralisation at the Mammoth prospect and copper mineralisation at the Alpha prospect, discovered by Classic in 2013.