Bulls N' Bears (Commercial Content)

Geopacific Resources has appointed Perth-based GR Engineering as the engineering, procurement and construction contractor for the processing plant at its Woodlark gold project in Papua New Guinea. The agreement covers the planned 2.4 million tonne per annum carbon in leach facility, tailings line and other supporting infrastructure with the potential for early works to procure tenders and pre-order long-lead items.

Classic Minerals has generated additional high-grade gold intersections from drilling at its Kat Gap project near Southern Cross, WA, extending the gold system by another 50m vertically at depth. The program targeted the ore body down-dip, producing exceptional new intercepts including 9m @ 20.94g/t from 123m down-hole, which also indicated the ore zone shallowing with depth.

Independent testing has indicated that graphite concentrate from BlackEarth Minerals’ Maniry project in southern Madagascar, meets the purity specification required by lithium-ion battery anode material manufacturers. The company is continuing discussions for potential offtake agreements and has entered into several confidentiality agreements with interested parties.

Northern Minerals has delivered its best-ever drilling result at the Browns Range project near Halls Creek, WA, with an exceptional 52-metre wide intercept grading 4.15% TREO recorded at the emerging Dazzler prospect. The company also discovered a new ore position just 350m to the southeast of Dazzler and will kick off further drilling in the region starting early next month.

MGC Pharmaceuticals has received Human Research Ethics Committee approval to carry out a clinical study comparing the effectiveness of its medical cannabis products for the treatment of severe epilepsy. This will compare its pharmaceutical-grade low tetrahydrocannabinol medicine authorised for prescription as an Investigational Medicinal Product in Australia and the UK, against its 100% cannabidiol product.

Middle Island Resources is selling its Reo gold project in Burkina Faso, West Africa, to Tajiri Resources Corporation after the Vancouver-based company exercised its option to acquire the project. Tajiri has paid the company a final USD$150,000 option extension and exercise fee and will pay Middle Island USD$335,000 in cash and 5 million Tajiri shares, representing an 8% stake in Tajiri, for the project.

Image Resources has mapped out ultra-high-grade heavy mineral sands mineralisation for a further 2km northwards at its Boonanarring mineral sands project near Perth. The company has now completed infill drilling across all proposed mining blocks at the operation, with assay results expected shortly, which should allow a full update of mineral resources and ore reserves for the project in the December quarter of this year.

Strike Energy’s West Erregulla-2 well in Western Australia’s Perth Basin has intersected extended drilling breaks with associated elevated mud gas readings in the target High Cliff sandstone. The company will continue drilling through the remaining High Cliff formation until the well intersects the Holmwood Shale before commencing a full suite of wireline logging tools throughout the High Cliff and Kingia sandstones.

St George Mining has delineated a new occurrence of high-grade nickel-copper sulphide mineralisation in drilling at its Radar prospect near Leonora, WA, which extends the strike of the emerging Cathedrals Belt base metal deposits to 5.5km. The program was targeting chargeable EM anomalies identified from geophysics below the sand cover and defined a wide zone of disseminated and massive sulphides at a depth of 44.2m down-hole.

Smart building materials trailblazer, ClearVue Technologies, is advancing its global expansion plans with the establishment of a Singapore office and the signing of a collaboration agreement with CSME Power Systems. The company’s new subsidiary, ClearVue Asia, will operate in Singapore and Malaysia while the agreement with CSME is expected to fast track its entry into significant government and corporate contracts.

Surefire Resources is poised to commence a 30-hole reverse circulation drilling campaign totalling 3,000 metres at its Victory Bore project near Sandstone, WA, next month, to test seven target areas highlighted by anomalous gold with coincident geophysical anomalism. Previous drilling in the 1990s defined a gold-in-soil anomaly about 4.4 kilometres long and up to 750 metres wide.

Spectrum Metals’ recently completed detailed sub-audio magnetic survey has identified several new targets in the gap zone between the Penny North deposit and the Columbia-Magenta targets of its Penny West gold project near Youanmi, WA. The company is currently increasing its drilling capacity and will test targets generated from the survey over the coming months.

Kairos Minerals has delineated a 4km long gold-in-soil anomaly adjacent to a prospective geological contact at its emerging Croydon project, located near Port Hedland, WA. The anomaly incorporates a coherent, higher-grade core over more than 1km containing greater than 100ppb gold and may represent a conventional, subsurface bedrock gold target, in addition to the well-defined, conglomerate-hosted gold potential of the district.

Australian Potash’s Lake Wells SOP project near Laverton, WA, could churn out annual pre-tax free cash flows of $100 million via the production of 150,000 tonnes of SOP per year according to its much-anticipated definitive feasibility study. Capex for the project has been estimated at $208 million including a $20 million contingency, while pre-tax net present value was estimated at $665 million.

Hawkstone Mining has expanded the Exploration Target for its Big Sandy lithium clay project in Arizona state, US, by 15%, with new mapping and sampling in the Southern Mineralised Zone demonstrating similar geology to ore zones recently drilled further north. The updated Exploration Target now stands at between 280.1 million and 492.6 million tonnes grading from 1,000 ppm lithium to just over 2,000 ppm lithium.

Hot Chili has identified a new conductivity and chargeability anomaly north of the Cuerpo 3 porphyry copper-gold ore system within its Cortadera project in central Chile, from reprocessed geophysical data. The company has also recorded visual chalcopyrite within mineralised porphyry over the entire extent of the first diamond hole in its Phase 2 drilling campaign at Cortadera.

Venus Metals and Rox Resources have revealed that 1m interval drilling assays from their Currans Find North gold discovery near Youanmi, WA, have provided significant upgrades to the initial 4m composite samples tabled earlier this month. New high-grade results included 3m @ 32.58g/t gold from 115m and 4m @ 9.25g/t gold from 46m down-hole, which contained a 2-metre section at 16.05g/t gold from 48m.

Anglo Australian Resources’ diamond drilling campaign at its Mandilla East gold prospect near Kalgoorlie has returned a wide interval of 60.2 metres grading 3.79 grams per tonne gold from 65.8m down-hole and 64.7m @ 0.71g/t gold from 183m in the same drill hole. The company added that Mandilla East may be suitable for a future bulk tonnage, low-grade, open cut gold mining operation.

Buru Energy is targeting further oil production from its Ungani oilfield in the onshore Canning Basin in Western Australia with the spudding of its Ungani-7H development well. The company plans to use a coiled tubing unit to drill the horizontal Ungani Dolomite reservoir sections of the earlier Ungani-6H and the current Ungani-7H wells in October, before placing both wells into production.

Legend Mining has outlined the prospectivity of two advanced-stage nickel-copper sulphide occurrences within its proposed “Ponton JVA 2019” joint venture tenements with the Creasy Group in the evolving Fraser Range province in WA. The company revealed strongly anomalous drill intersections generated from the Octagonal prospect, including 82m @ 0.18% nickel, 0.15% copper and 0.01% cobalt from 168m down-hole.

Strike Energy could be sitting on a major new gas discovery after drilling through a 41m gas net pay zone at its West Erregulla-2 well in Western Australia’s Perth Basin. Average porosities are good too at 14.3% in the primary Kingia sandstone target. Management said the result compares favourably with log data from the nearby producing Waitsia gas field that created quite a stir when it was discovered.

ASX-listed MGC Pharmaceuticals has partnered with the Slovenian Institute of Hop Research and Brewing, or “IHPS”, to carry out a ground-breaking, large-scale research project on the use of cannabis for medicinal purposes. The research will focus on the cultivation of cannabis for medical purposes and the standardisation of the process for isolating and extracting an active pharmaceutical ingredient for medicinal use.

Adriatic Metals has generated additional high-grade base metal drilling results adjacent to its flagship Rupice deposit in central Bosnia, just a month after producing a maiden JORC-compliant mineral resource for the ore body. New intersections include 38m @ 6.2% zinc, 3.8% lead, 174g/t silver, 1.9g/t gold, 0.4% copper and 33% barite from 208m and 20m @ 2% zinc, 2.8% lead, 96g/t silver, 0.3g/t gold and 0.6% copper from 254m.

PharmAust’s subsidiary, Epichem, has received a shipment of Monepantel tablets from the US and will now distribute the drugs to veterinarians starting this week to commence its Phase II anti-cancer drug trials in dogs. The company completed successful tablet safety and blood level tests earlier this year and with tablet shelf-life stability tests now finalised, the company can commence the trials.

Nusantara Resources has appointed a new CEO to fast-track the development of its Awak Mas gold project in Indonesia. Mining veteran Neil Whitaker has joined the company in a Jakarta-based role, where he will utilise his expertise in the Asia-Pacific region to drive the project forward. Mr Whitaker previously worked as the COO for PT Petrosea Tbk, a subsidiary of the company’s strategic partner in Indonesia, Indika Energy.

MGC Pharmaceuticals is set to kick off a controlled trial to discover if its medical cannabis product for the treatment of drug-resistant epilepsy has any impact on driving performance. The trial seeks to overturn legislation that forbids medical cannabis users from driving and will also provide safety data required for the European Medicines Agency and Australian Therapeutic Goods Administration product registration.

88 Energy has brought on UK oil and gas independent Premier Oil as its farm-in partner for the conventional rights at the project known as “Project Icewine” in the famed North Slope oil province. Premier will earn 60% in Area A of Project Icewine’s conventional oil rights by drilling a USD$23m well to appraise the historical Malguk-1 discovery well that intersected 251 feet of light oil pay in the Torok formation.

Strike Energy has observed that the primary objective at its multi-target West Erregulla-2 well in the Perth Basin, Western Australia, may hold the same excellent reservoirs seen at the neighbouring Waitsia gas field. Cuttings from the Kingia sandstones drilled to date include clean sands with some evidence of grains being coated in chlorite, a mineral that is a key element required for the preservation of porosity at depth.

Novo Resources is building up excitement at its Egina project in the Pilbara, WA, after a bulk sampling program of surface gravels recovered significant quantities of gold nuggets at grades well above typical alluvial gold deposits. The company said the gold is coarse enough to extract without using water and is evaluating whether the ores could be extracted using simple and cheap mining methods like continuous mining.

Vonex has filed a new application with the Australian Patent Office to secure additional intellectual property protection over the unique message functionality of its game-changing “Oper8tor” communications app. The company is also carrying out more work to stabilise the app’s performance in relation to the increased complexity of two-factor authentication, a security feature that is common amongst social media platforms.

Infinity Lithium has delivered outstanding pre-feasibility study results for its fully integrated San José project in Spain, revealing that the operation will produce a pre-tax net present value of USD$860m and an internal rate of return of 42%. The project has an initial life of mine of 30 years and the company will both mine lithium mineralisation from the operation and process the ores into battery-grade lithium hydroxide products.

Lithium Australia is expanding its potential lithium chemical product suite with its “LieNA” lithium processing technology transitioning from a scoping study to a more comprehensive pre-feasibility study. The technology converts fine spodumene that would normally confound conventional processors into a suite of battery chemicals including lithium phosphate, hydroxide, sulphate or chloride salts.