Announcements

Anglo Australian Resources has defined a mineralised gold zone over 2.5km long and up to 250m wide at its Mandilla project located near Kambalda in WA. The company is now on the hunt for the bedrock source of the mineralisation, which it believes lies at the sheared geological contact between a granite and a sedimentary sequence that will undergo future deep drill testing, according to Anglo.

ASX listed resume verification company, CVCheck, looks set to turn cashflow positive this quarter after a sustained focus on growing its more lucrative business to business market and an assault on costs has starting to pay off. The company’s revenues have grown $5m in two years from $7.1m in FY2016 to $12.5m in FY2018 whilst customer acquisition costs and cash burn has steadily decreased.

If it wasn’t Adriatic Metals, a 46m long drill intersection boasting at least 4 different high-grade minerals would ordinarily have the West Perth investment glitterati spitting their coffee across the table at Black Toms. But such is the quality of the results of Adriatic’s ongoing drill campaign that the bar has been set very high indeed for this rapidly advancing $54m market cap ASX listed exploration company.

Vonex is progressing beta testing of its game changing “Oper8tor” conferencing app which allows users of multiple voice communication platforms such as Skype or Whatsapp to talk to each other regardless of which platform each user subscribes to. Vonex says it has successfully facilitated over 1000 conference calls using the app and it has now opened the beta testing of Oper8tor Conference via web browser to the general public.

Sky and Space Global has signed a landmark distribution agreement with Pan-American satellite tele-communications consortium, Globalsat Group, for the provision of connectivity services using its nano-satellites. Revenues from this contract will flow immediately upon successful completion of in-orbit testing of the first batch of Sky and Space nano-satellites that are expected to be blasted into space around mid 2019.

Image Resources is starting to transport its zircon-rich heavy mineral sands concentrate from the Boonanarring project north of Perth to port storage in Bunbury, barely a month after starting wet commissioning of the mine plant. First revenues could kick in before the end of the year with the first bulk shipment of the zircon-rich HMC scheduled to depart in December.

Middle Island Resources is keeping the momentum going at its Sandstone gold project in WA with a slew of holes to be drilled at greenfield targets during the first half of 2019. The program is aimed at identifying and quantifying additional open pit deposits of sufficient scale and grade to facilitate a recommissioning of the historic gold operation.

Artemis Resources has completed preliminary metallurgical test work on ore composites from its Carlow Castle gold-copper-cobalt project located near Karratha in WA, saying that the materials are amenable to gravity recovery of gold and conventional base metal flotation ore processing. Up to 82% of the copper content reported to concentrates, whilst up to 75% of the gold was recovered via combined gravity concentration methods and flotation tests.

Caravel Minerals very large, lowish grade copper play in the Wheatbelt just got interesting after the ASX listed company this week tabled a set of drill results that show grades up to three times that of the existing global resource. New results include 6m @ 1.03% copper from 108m within a broader zone of 20m @ 0.5% copper from 94m and 18m @ 0.8% copper from 102m.

Anglo Australian has outlined a suite of shallow new drilling intersections from several prospects at its Feysville gold project located near Kalgoorlie. At Think Big, results included 28m @ 2.43g/t gold from 35m down-hole, whilst exploratory drilling at Saintly doubled the strike length of that mineralisation. A new gold discovery was also located at Hyperno, with 13m @ 1.05g/t gold returned from 25m down-hole in regional aircore drilling.

Coolgardie Minerals has kicked off a near-mine exploration drilling program at its operating Geko gold mine near Coolgardie in WA, with the aim of extending mineral resources beyond the limits of the existing open pit. The work will target areas east and west of the open pit at depth and also along strike west of a high-grade supergene oxide pod of gold mineralisation noted from earlier grade control drilling.

Southern Gold has used 3D modelling of mapped and sampled quartz veining at its Kochang underground mine in South Korea, to generate an exploration target of between 500,000 and 700,000 tonnes with a grade range between 5 and 7g/t gold and 27 - 35g/t silver. The company’s JV partner, Bluebird Ventures, is finalising its feasibility report on the reopening of the historical mine.

Artemis Resources will undertake a high resolution, low level, airborne magnetic survey targeting gold-copper mineralisation at its Armada prospect located near the Telfer mine in the eastern Pilbara region of WA. The 600 square kilometre tenement holding is effectively surrounded by Greatland Gold’s Havieron project where recent diamond drilling returned an amazing intersection of 275 metres grading 4.77g/t gold and 0.61% copper from 459m down-hole.

Australian Potash has harvested 11 tonnes of potassium rich salts in its first harvest pond at the Lake Wells sulphate of potash project in the Goldfields region of WA. Once the third and final evaporation step is completed, a blend of salts from all three harvest ponds will be processed to a refined a sulphate of potash product at the company’s pilot processing plant.

Lithium Australia has hit a major milestone with the successful production of lithium ion battery cathode powders and lithium ion batteries using lithium phosphate produced directly from mine waste courtesy of its proprietary “SiLeach” process. The company managed to bypass the need to produce high-purity lithium hydroxide or carbonate, which could significantly reduce the cost of battery manufacturing.

TNG Ltd has hit a major milestone at its Mount Peake vanadium-titanium-iron project in the Northern Territory with the grant of four mineral leases over the development. This adds to the recent signing of the Native Title Agreements and binding term sheet for titanium offtake, providing the company with the security of tenure it needs to seek project financing.

Lithium Australia’s second generation SiLeach pilot plant trial at ANSTO Minerals’ facility in New South Wales has successfully produced a product containing between 90% and 95% lithium phosphate. A sample of the product is now being tested at Lithium Australia’s 100%-owned subsidiary VSPC Ltd, with a view to producing and testing lithium ion batteries made from this material.

BlackEarth Minerals has commenced a regional exploration program at its Maniry and Ianapera projects in Madagascar. The company is undertaking close spaced trenching and sampling work to determine future high grade drilling targets. The company will also table its scoping study for the Razafy project in December and is preparing a maiden mineral resource estimate for the Haja prospect located 2km south of Maniry project.

Coziron Resources has uncovered large scale gold and copper anomalies at the Edamurta West and Copper Valley prospect areas within its broader Buddadoo project region southwest of Yalgoo in the Murchison. Edamurta West is defined by a 1.2km long geochemical soil anomaly elevated in gold, whilst Copper Valley lies within structural corridors that returned rock chip assays up to 15.2% copper and 1.2g/t gold.

CVCheck’s new platform connector technology is expected to streamline its clients’ hiring processes by allowing them to connect their SAP human resources management software directly to its CV and resume screening platform. SAP SuccessFactors is a leading cloud-based software suite that covers everything from payroll to employee engagement for more than 6600 customers across more than 60 industries.

St George Mining has delineated further extensions to the nickel/copper mineralisation in an ongoing diamond drilling program at its emerging Investigators prospect located near Leonora in the WA Goldfields region. Recent exploration intersected wide, massive sulphide intersections of between 5-6 metres true width and returned portable XRF analyses averaging from 8.0 - 8.8% nickel and 4.5 – 5.0% copper in the massive sulphide intercepts.

Kairos Minerals has found another 135 gold nuggets weighing over 11 ounces at its Croydon Project in the Pilbara region of WA, barely two months after its initial discovery of 256 nuggets. Most of the nuggets were found about 2.5km south of, and within the same stratigraphic corridor as the first patch while the third patch of nuggets marks the first time the company has recovered gold from the lower Hardey Formation.

Ore sorting could be the panacea for conglomerate gold projects that are notoriously hard to drill after Novo Resources reported positive results from trials on bulk samples from its Comet Well conglomerate gold project near Karratha. The company said that ore sorting rejected up to 99.7% of the waste materials, with visual and X-ray examination of the ore concentrates showing gold nuggets, providing encouraging feedback from the trials.

Myanmar Metals has delineated extensions to its new Western hanging wall Lode during resource development drilling that targeted areas outside of the existing mineral resources at its Bawdwin base metals project in Myanmar. This extends the strike of the lode to over 250 metres, with exceptional intersections up to 24m grading 2.2% lead and 0.9% zinc from 25m down-hole, including 6m @ 5.3% lead and 2% zinc.

Legend Mining has enhanced the prospectivity of its emerging Area D prospect in the Fraser Range region of WA, by locating 17 conductors from an innovative moving loop electromagnetic survey program at the Rockford project. The surveys were designed to test for potential accumulations of massive sulphide mineralisation associated with 4 zones of coherent and anomalous nickel-copper-cobalt assays returned from regional aircore drilling programs.

Image Resources has produced its first heavy mineral concentrate from its flagship Boonanarring zircon-rich mineral sands project located 80km north of Perth in the North Perth Basin region of WA. The processing plant will transition to full operation over the next 2-4 weeks. The company will receive its first revenue for ore production in January before progressing rapidly to a positive cash flow later in the March quarter.

MGC Pharmaceuticals has reached a partnership with the Royal Melbourne Institute of Technology and The Hebrew University of Jerusalem to launch an international research hub – Cannahub - for medical cannabis in the first quarter of 2019. Cannahub will initially focus on the use of medicinal cannabis in the treatment of cancer, the effectiveness of traditional and medicinal cannabis combination treatments and drug delivery systems.

Blina Minerals has signed an option agreement to acquire private Australian company Madacu Resources in a cash and scrip deal that will give it access to a promising copper project in Madagascar. The Maintirano project hosts over 30 copper occurrences, some of which are mined on an artisanal basis. Rock chip sampling by Blina and Madacu has returned up to 11% copper.

Neometals Ltd has commenced an update of its 2009 DFS for the Barrambie vanadium-titanium-magnetite project located near Sandstone in WA, citing a 4-fold increase in vanadium prices since that initial study was conducted. The update will examine development options including offshore processing of the crushed ores, onsite production of a high-grade concentrate for direct sale and potential refining opportunities to generate premium vanadium chemicals.

Metalicity Limited has secured nearly 650 square kilometres of prospective looking nickel-copper-gold exploration tenements over two projects in the sought after Fraser Range region in southern WA. The new projects are surrounded by operating mines and significant mineral occurrences. The company is selling off its zinc and lithium interests in WA as it shifts focus towards copper, nickel, cobalt and gold exploration.

Sky and Space Global has signed binding MoUs with Brazilian telcos Inovsat Telecom and AltaRede Corporation to determine how its nano-satellites can increase the reliability, accessibility and affordability of their telecommunications services. The company expects to convert both MoUs into definitive agreements with commercial terms following the launch of the first batch of Pearls nano-satellites in 2019.

Fresh from its recent exploration success at the old Bellevue gold mine, Bellevue Gold now has its tail in the air with a successful $15m capital raise under its belt and a big exploration program ahead of it. The company has detailed a plan to ramp up exploration on several near mine targets at its namesake project near Leinster in WA.