Announcements

Kairos Minerals has secured commitments for approximately $1.35M from sophisticated investors and will look to raise another $650K in a share placement plan to underpin exploration activities at its flagship Pilbara Gold project in WA. The funds will be used to drill out some high-grade gold targets across the project and undertake resource and mining studies. Drilling is planned to commence in November.

Calidus Resources has continued its hit list of impressive drilling results whilst strengthening the open-pit credentials of its rapidly developing Warrawoona gold project in WA’s East Pilbara region. The company is also continuing to de-risk the million ounce-plus ore resource, with recent results including an impressive 35m drill hit grading 2.84g/t gold from surface and 23m grading 2.55g/t from 15m downhole.

Aspiring rare earths metals producer, Greenland Minerals, is nearing completion of a major milestone in its ongoing technical development of the giant Kvanefjeld rare earths project in southern Greenland. The culmination of work on the company’s environmental impact assessment is looming with Greenland’s Environmental Agency for Mineral Resource Activities providing a pathway for the Perth company to finalise the approval.

PolarX has hit it in one with a very long diamond hole drilled into an identified IP anomaly producing 400m of visible sulphides within porphyry-style mineralised vein sets and associated alteration at the Mars porphyry copper-gold target in central Alaska, USA. Previous surface sampling at Mars recorded anomalous gold, copper and molybdenum and the company is now eagerly awaiting assays to confirm the tenor of the mineralisation.

ASX-listed, Delecta Ltd has picked up a couple of exciting new multi-minerals plays in the USA. The company will acquire 100% of American Vanadium’s Copper Ridge project in Utah and three uranium-vanadium projects, also in Utah and in Colorado. The Flagship Copper Ridge project has immediate walk-up targets with enticing historical results such as an impressive 17.01% copper rock chip sample.

Tyranna Resources has entered into a term sheet to divest its remaining South Australian gold assets, in a $1m sale of the 319,000-ounce Jumbuck gold project to Syngas. The company will now concentrate on its advanced Eureka gold project near Kalgoorlie in WA, which has a higher grade than the SA assets, is located on granted mining leases with excellent supporting infrastructure, including options for toll treating of ores nearby.

St George Mining has revealed that further massive sulphide mineralisation has been observed during diamond drilling at its Investigators East prospect, located within the company’s Mt Alexander project, near Leonora in WA. The company intersected an 18m-wide ultramafic unit that contained 7m of visible nickel-copper sulphides from 91.9m down-hole with XRF readings of 6.5% nickel and 2.3% copper over a 0.91m section.

Sophisticated investors have agreed to sink $40m into ASX-listed Geopacific Resources to help develop its Woodlark Gold Project in PNG. Ordinary shareholders will also get the chance to stock up at the same price to the tune of a further $5m with a $30k limit per subscriber. The 1-million-ounce reserve Woodlark gold project looks like generating a pre-tax net cash flow of at least $754m before upside.

Spectrum Metals has intersected further high-grade visible gold mineralisation from deep drilling at its Penny North discovery near Youanmi in WA. The company will now move the rig to complete exploratory drilling at the Magenta prospect, about 1.5km to the north. Spectrum is also compiling a maiden resource for Penny North, undertaking site-based environmental studies and preparing geophysical surveys to help rank existing gold targets.

Venus Metals has commenced a high-powered, EM geophysical survey at its Vidure copper-nickel prospect, located near the ever-popular Youanmi region in WA, where historical drilling by WMC and BHP outlined anomalous base metal and silver mineralisation. The survey will penetrate up to 500m, where the company previously interpreted poorly constrained, down-dip and down-plunge extensions to the defined mineralisation.

Neometals is one step closer to a commercial-scale lithium battery recycling plant after it executed a binding memorandum of understanding agreement with mammoth German engineering firm, SMS Group. The companies will work jointly to assess the next phase of development test work on Neometals’ proprietary battery recycling technology. The new partners are proposing to form a 50/50 JV, following due diligence with a view to constructing a demonstration plant.

Azumah Resources’ Directors have advised their shareholders to take absolutely no action in relation to an unsolicited takeover bid saying that suitor, Ibaera Capital, has paid a lot more for Azumah stock in the past. The company said that shareholders who accept Ibaera’s offer may miss out on any revaluation of its Wa gold project in Ghana after a feasibility study has been completed early next year.

Hammer Metals has kicked off a 15,000m aircore drilling campaign at its Bronzewing South gold project in the prolific Yandal gold province in Western Australia. The drill campaign will test four targets across the Orelia trend, located along strike of the historical Cockburn and Lotus pits, currently held by Echo Resources. The Cockburn and Lotus pits have a solid combined resource of 1.1 million ounces of gold.

MGC Pharmaceuticals has expanded the number of patients prescribing for or being processed to receive prescriptions of its medical cannabis-based pharmaceutical products in both Australia and the UK to beyond 600. The company said that the key milestone readily demonstrates its strengthening position and momentum in those markets to meet the demand for its proprietary standardised, affordable cannabis-based medicines.

Anglo Australian has shown that its previously announced 112m drill hit near Kambalda going 1.5 g/t gold was no fluke. This week, the John Jones led explorer has hit pay dirt again with a 163m drill intersection grading 1.75 g/t gold. Confidence is now building in the consistency and tonnages of the gold mineralisation at Anglo’s Mandilla East project where the rods will be turning for some time.

Blackstone Minerals has revealed more impressive nickel and PGM mineralisation at its Ta Khoa nickel project in northern Vietnam. Broad zones of mineralisation were intersected during recent drilling with widths of up to 33m returned. The company is fully funded for the program, as it collates valuable data ahead of the estimation of a maiden mineral resource and scoping study.

Hot Chili’s latest drilling at the rapidly emerging Cuerpo 3 deposit of its Cortadera porphyry discovery in Chile has extended the thick, copper-gold core of mineralisation by a further 246m, returning a stunning 596 metres grading 0.5% copper and 0.2g/t gold from 328m down-hole. This hole also contains a higher-grade intersection from 430m, that produced 184m @ 0.7% copper and 0.3g/t gold, with significant silver and molybdenum credits.

Lithium Australia has increased its equity in strategic partner, Envirostream Australia from 18.9% to 23.9%. Envirostream is aiming to develop a national lithium battery recycling program that will recover battery metals that would ordinarily be sent to landfill. The increase enables Lithium Australia to increase its exposure to the lithium battery recycling space that is rapidly gaining momentum.

Venus Metals and Rox Resources have revealed some anomalous gold, copper, zinc and lead assays from their initial aircore drilling program that is located adjacent to high-grade gold occurrences at Currans Find North and Spectrum Metals’ recent revered gold find near Youanmi in WA. The shallow drilling identified several intersections worthy of follow up, with gold peaking at 0.73g/t, copper at 0.23%, zinc at 0.29% and lead at 0.15%.

ASX-listed PharmAust’s fully-owned subsidiary, Epichem, has appointed experienced pharmaceutical and healthcare executive, Colin La Galia, as its new CEO and he will replace Dr Martine Keenan, who will step down from the role to resume her former position as Epichem Head of Drug Discovery and join the company’s board. Epichem is a successful contract medicinal chemistry company that is forecasting $4.2m revenues for the current financial year.

Lithium Australia has conducted a review and consolidated its business into four operational divisions; raw materials, lithium chemicals, batteries and recycling, with a view to potentially providing separate listed vehicles for investors to get behind. The lithium trailblazer’s business units effectively hang off every part of the lithium cycle from raw materials right through to the manufacturing of battery cathodes.

ClearVue Technologies will combine its proprietary solar glass window technology that produces power from sunlight with Roots Technologies’ sustainable agricultural initiatives, to construct a world-first, off-grid, demonstration greenhouse in Israel. ClearVue’s solar glazing solutions will generate the electricity required to run Roots’ “Root Zone” temperature optimisation and irrigation by condensation technologies that provide a temperature range and recycled water solution for raising plants.

AVZ Minerals has met with officials from the Tanzanian Govt, regarding infrastructure and transport options for proposed future shipments of its Manono lithium project ores through the Port of Dar es Salaam. The company also revealed this week that it had appointed mining veteran, Michael Hughes, as its new Project Director, to steer the future development of the Manono operation in the DRC.

Troy Resources continues to strengthen its Karouni gold project in South America by bringing the Ohio Creek deposit into its global resource statement during the first half of 2019. Troy also exceeded its production target for September by 1,395 ounces gold and the company now has ore reserves of 75,100 ounces grading 1.9g/t gold and mineral resources of around 15.8 Mt at 1.9g/t gold for 986,300 gold ounces.

Great Southern Mining will kick off its maiden drill program at the historical, high-grade Cox’s Find gold project near Laverton in WA, that churned out 76,000 ounces grading 22.6g/t gold for previous owner, WMC, some 80 years ago. The campaign represents the first exploratory work in 25 years, with the first drilling of any kind below 60m depth and aims to discover substantial new gold resources.

Legend Mining is taking the next steps in its Fraser Range exploration strategy with plans to drill two 500m deep diamond holes at the Area D prospect within its prospective Rockford project in search of nickel-copper sulphide mineralisation. The company has also finalised the geophysical modelling of low-frequency moving loop EM data from its recently completed survey over the previously identified D5 conductor at the project.

Coziron Resources is gearing up to kick off a comprehensive drilling campaign at its exciting Ashburton magnetite iron ore project in the West Pilbara region of WA early next year, with upcoming ground surveys to guide the final drill locations. The company is fully funded for the work after a recent $3m placement and the drilling is aimed at generating a JORC-compliant mineral resource and samples for met test work.

Venus Metals has granted a $50,000 option to Ascan Capital for the possible purchase of one of its Nardoo Hill lithium project tenements in WA’s Gascoyne region. If the 90-day option is exercised, a $350,000 purchase price will be payable via a future share issue and mining royalty to Venus. The company, along with JV partner Rox Resources, continues to focus on high-grade gold discoveries near Youanmi in the State’s Murchison district.

Novo Resources has unearthed a swag of gold nuggets from bulk sampling at its emerging Egina project located in the Pilbara region of WA. The company said that recoveries exceeded 1 gram of gold per cubic metre of lag gravels sampled and that it is investigating the use of low-cost extraction and processing of the coarse gold, using “dry” methods including continuous miners and mechanical ore sorters.

Horizon Minerals remains focussed on taking control of one of Australia’s oldest gold addresses and has agreed with Focus Minerals to extend an Exclusivity Deed for the potential $55 million acquisition of significant land, a mill and associated plant in WA’s Coolgardie region. The purchase could see the West Australian listed explorer become the Goldfields region’s next major gold producer. Horizon already has its foot on multiple gold resources surrounding Kalgoorlie.

Lindian Resources has secured an option to acquire a 51% stake in the high-grade Gaoual bauxite project in the West African country of Guinea that looks like it could be a rare “conglomerate” deposit. Average alumina grades that shoot the lights out at 54%, with a corresponding low silica content under 2%, look to be the goods. Drilling will kick off at the project in December.

Aspire Mining’s DFS for its high-quality coking coal project in northern Mongolia will be released in mid-2020, after slight delays in approvals for the infrastructure. In May, the Mongolian Government endorsed the company’s ore reserves for the Ovoot Early Stage Development project, allowing Aspire to commence the relevant environmental studies, social impact studies and project management plans for the proposed coal mine.