Announcements

Tyranna Resources has intersected near surface gold peaking at a top grade of 11.6g/t gold from resource drilling at the Campfire Bore prospect of its Jumbuck project in South Australia. The results keep the company on track to upgrade and increase confidence in the existing inferred mineral resource of 2.78Mt @ 1.2g/t gold for 109,000 ounces for Campfire Bore.

BlackEarth Minerals’ initial metallurgical test work has produced a high grade 96% TGC concentrate with large flake graphite making up more than 52% of its content from composite material obtained from the Razafy prospect. Test work is ongoing on both oxide and primary ore mineralisation from Razafy to establish a preliminary flow sheet design for the current scoping study.

King River Copper has reported encouraging recoveries of vanadium, titanium and iron from separate programs of metallurgical test work underway on ore composites from its flagship Speewah project, located in the Kimberley of WA. The company is seeking the most commercially viable processing route for the ores and to determine the suite of downstream products it can technically generate for the market from the massive project.

Blackstone Minerals has identified the Jewel copper-gold-cobalt prospect in British Columbia as its highest priority drill target after soil sampling identified a 1.5km long copper-gold-cobalt target that sits over a recently identified IP anomaly, that was interpreted to be a potentially large sulphide bearing body. New surface rock chip samples at the Jewel prospect have also returned results of up to 5.6% copper.

Venus Metals’ preliminary beneficiation test work has increased the grade of an oxide composite sample from its Youanmi vanadium project in the Murchison region of WA from 0.58% V2O5 to 0.8% V2O5. This allowed 40% of the mass to be rejected, which could reduce the downstream processing volume and acid consumption. It could also allow Venus to avoid the high capital and operating costs associated with mill processing.

Altech Chemicals has been awarded a key patent from the Australian Patent Office for its proprietary process for the production of high purity alumina from all types of aluminous clay including kaolin, using hydrochloric acid. This enables the company to protect its intellectual property as it progresses development of its proposed HPA plant in Malaysia and associated kaolin mine near Meckering in WA.

Spectrum Metals has acquired the historic Penny West gold mine, located 30km south of the mothballed Youanmi operation in WA. The open pit mine was last worked in 1992 and produced over 85,000 ounces at a staggering grade of 21.8g/t gold. The deposit has a remaining resource of 230,000 tonnes grading 4.8g/t gold for 36,000 ounces, with significant exploration and development potential on two granted mining leases.

Northern Minerals has received a $25m investment from China’s NRE Industrial Group Limited, which is subscribing for 240.4m shares in the company for between 9c and 11c per share. A new private investor is also subscribing for $2m worth of shares priced at 9c each. The funds will be used to progress development of the Browns Range heavy rare earths pilot plant project in the Kimberley region of WA.

Perth-based security surveillance company Spectur has reported revenues of $1.1 million for the September 2018 quarter, up 161% from the corresponding quarter of 2017. The company is also starting trials of its new Shark Warning System, which is based on its solar powered, stand alone, cloud-based HD4 cameras, with the Augusta Margaret River Shire Council in November this year.

ASX listed biotech PharmAust now has sufficient data from testing of different tablet prototypes of its flagship Monepantel anti-cancer drug to take the best performing and most economical tablet for GMP manufacturing. The selected tablets will be used in formal dose escalation studies in healthy Beagle dogs to determine the maximum dose that can be given and with what safety margin.

Hammer Metals’ ongoing rock chip program has returned some extraordinary high grade results of up to 18.4g/t gold, 76g/t silver and 15.15% copper at the new Toby prospect near Mt Isa, Queensland. Follow-up sampling of and mapping of both the Toby and Charlie prospects is underway with results expected soon. The company will also carry out a sub audio magnetics survey and RC drill program at the Perentie project.

Artemis Resources says it finally has a good handle on the geology at its intriguing cobalt-gold-copper ore system at the company's Calow Castle project near Karatha after throwing nearly 25,000 metres of drilling at it this year. The existing resource of 4.5 million tonnes grading 0.9g/t gold, 0.07% cobalt, 0.4% copper and 1.3g/t silver dates from January 2018.

Calidus Resources has intersected wide zones of high grade gold at its Coronation prospect, 12km west of its flagship Klondyke resource in the east Pilbara. Results include a 10m intersection grading 4.69g/t gold from 57m and 5m @ 4.48g/t gold from 35m down-hole. The company’s drill rigs are going flat out at the Warrawoona gold project, targeting ore extensions both down-dip and along strike.

King River Copper’s Mt Remarkable project near Kununurra is continuing to live up to its name with recent drilling unearthing a new, 9m long high grade gold zone going 2.78 grams per tonne gold from 45m down-hole including 1m @ 12.45g/t gold. Step out drilling to the east also returned 5.76g/t gold, confirming the company’s belief that multiple high-grade zones exist on the Trudi vein.

Galena Mining has kicked off a definitive feasibility study for its flagship Abra lead-silver project located north of Meekatharra just weeks after unveiling its PFS that highlighted an impressive pre-tax NPV of $528m. The study is expected to be completed in mid-2019 and the company is also on track to start construction in 2019 with initial production expected in 2021.

MGC Pharmaceuticals has reached a major milestone after receiving formal authorisation to sell its CannEpil medical cannabis based epilepsy treatment in Australia through specialist prescribers under the Authorised Prescriber Scheme. This signals the start of commercial-scale production of CannEpil at MGC’s EU GMP certified facility in Slovenia. CannEpil is expected to generate $1m in annualised revenues from an initial base of about 100 patients.

Tyranna Resources and JV partner Alliance Resources, have commenced a regional aircore drilling program at its interesting looking Weednanna East prospect this week. The prospect is 1km east of their Weednanna gold deposit that holds 1.1 million tonnes grading 5.1g/t gold for 181,000 ounces. The program will test existing gold soil anomalies and build on previous drilling, which returned elevated gold results adjacent to known northwest faults.

Canadian listed conglomerate gold specialist Novo Resources has revealed a significant increase in mineral resources at its Beatons Creek gold project near Nullagine in WA. The resource now sits at 8.38 million tonnes grading 2.47 grams per tonne gold for 667,000 ounces. The company also said that its highly anticipated assays from bulk sampling of gold-bearing conglomerates at the Comet Well project near Karratha are due in October.

Northern Minerals says that ore sorting tests of stockpiled ore at its Browns Range rare earths mine has the potential to double the mineral grade to about 2% total rare earth oxide. The test work used sensors to sort the rare earth mineralisation from waste rock based on its bulk density and magnetic properties and the company says it could set up ore sorting infrastructure for just $4m.

Coziron Resources’ assays of historic auger drilling at the Croydon Top Camp gold project in the Pilbara have returned a maximum result of 25g/t gold compared to the historic 8g/t gold originally produced. Upgraded levels of “pathfinder elements” for lode-style gold mineralisation were also encountered with results from the re-assaying of 182 auger pulps across the project to be used to help discern new drill targets.

Altech Chemicals is closing in on securing the balance of funds it requires for its high purity alumina project with due diligence on the proposed mezzanine debt facility expected to be completed by the end of November. Stage 1 construction of its HPA plant in Malaysia, which is already funded, will run in parallel to finance close.

Artemis Resources has revealed an impressive 55% increase in copper and zinc resources at its Whundo mine near Karratha in WA. The new estimate of 2.67 million tonnes grading 1.14% copper and 1.12% zinc includes a near surface oxide resource of 383,000 tonnes grading 1.78% copper. The resource update is timely, as prices for copper and zinc have doubled over the last 10 years since the mine was mothballed.

PharmAust has appointed Westar Capital chairman Neville Bassett as a non-executive director, replacing Dr Wayne Best who is retiring. Dr Best will remain as chairman of the company’s wholly owned subsidiary Epichem. Pharmaust is poised to start clinical trials for its Monepantel anti-cancer drug on canine subjects soon.

Recently listed Vonex is poised to start beta testing of its innovative Oper8tor APP that can seamlessly link voice calls and messages across multiple platforms and devices around the world. The company will seek to commercialise the technology via the teleconferencing service provision industry with Beta testing to involve up to 5,000 controlled users ahead of a planned launch of the ground breaking technology in 2019.

Blackstone Minerals has confirmed a significant new discovery of high grade cobalt and gold mineralisation at its Erebor prospect in British Columbia, Canada. It is the first new find of cobalt in the district since the 1930s with rock chip samples going up to 2.3% cobalt and just over an ounce to the tonne gold, with some highly anomalous copper and nickel results thrown in for good measure.

BlackEarth Minerals has identified new high grade target zones at its Maniry graphite project in southern Madagascar with rock chip sampling returned jaw dropping grades of up to 48% total graphitic carbon. These zones are located in the underexplored northwest corner of the project and will be tested during the trenching program that is due to start this month.

Bellevue Gold’s drilling program at the Viago lode at the Bellevue gold project in WA’s Goldfields region continues to return high grade hits including an intersection of 3m @ 85.9g/t gold from 597m down-hole which contains a 0.5m section going a whopping 445g/t gold. Step out drilling will be carried out to define the limits of the Viago lode, which remains open in all directions.

Delecta Limited has reported high grade samples going up to 7.1% cobalt and 12.4% copper from its new Highline project in southern Nevada, USA. The project is surrounded by 4 historical cobalt mines in the Goodsprings district and initial geological mapping has outlined the potential for multiple lodes of mineralisation adjacent to the Highline mine workings. Highly anomalous zinc and lead assays were also returned from the Pocahontas claim.

Affinity Energy & Health has signed an MoU with Skin Elements to investigate the use of its algae based products and cannabis oils in Skin Elements’ range of natural skin care products. Commercial terms and financial arrangements will be negotiated at an appropriate time as product development initiatives progress.

Middle Island Resources has reported some solid assay results from an infill and extensional resource development drill program at its Wirraminna gold deposit near Sandstone in WA. Best results include 6m @ 6.62g/t from 84m down-hole and 14m @ 1.82g/t from 82m down-hole. The new results will be used to update the company’s existing mineral resource estimate of 550,000 tonnes grading 1.32g/t gold for 23,000 ounces.

Upstart ASX listed satellite communications company Sky and Space Global has been setting a breakneck pace and has recently signed binding MOU’s with five large telcos around the globe. The news comes after the Perth listed company recently locked down a $500,000 European R&D grant to boost its coffers as the miniature satellite technology company enters a critical period of its relatively young life.

Australian Potash is farming out 70% of its Lake Wells gold project near Laverton, WA, to St Barbara under a $7m joint venture agreement to focus on its sulphate of potash project in the same area. St Barbara will pay the company an initial $1.25m in cash and spend at least $1.75m in exploration during the first 12 months of the deal.