Public Company News

Kula Gold has successfully intersected multiple, thick kaolin sections at its Boomerang Kaolin prospect at the company’s Marvel Loch-Airfield gold project near Southern Cross where drilling is ongoing. Logging of 25 RC drill holes to date shows an average vertical thickness of 30m of white kaolin clays that start from approximately 6.5 metres vertical depth.

Valor Resources has unveiled a clutch of copper drill targets at its Picha copper and silver project in southern Peru courtesy of an ongoing ground geophysics program. According to the company, the geophysical anomalies correlate with surface mineralisation at the project and potentially point to mineralisation at depth. Valor is now planning a drilling campaign that will look to test the newly identified targets.

Things are moving fast for West Australian focused gold explorer, BMG Resources with diamond drilling at its Capital prospect near Wiluna intercepting multiple wide zones of alteration in lodes interpreted to host high-grade gold. Recent RC drilling at the prospect, located at the company’s Abercromby project, returned several eye-catching results including a scintillating 26 metre intercept grading 6.07 grams per tonne gold from 192m.

King River Resources’ newly commissioned laboratory scale pilot plant is off to a flying start after it delivered an ultra-high purity aluminium precursor compound for application in the lucrative lithium-ion battery industry. The company says an inaugural run of the plant using its proprietary “ARC” processing technology delivered a 99.9995 per cent purity “Type 1” precursor product.

Newfield Resources is pulling out all stops at its Tongo mine development in Sierra Leone as it gets set for a first run of diamonds. 845m of underground has now been dug and a return air way shaft is getting tantalisingly close to its targeted level. The Kundu decline is about to access the first mining level with services such as power, air and water pump stations constructed along the way.

Aurum Resources is getting set for a gold drilling blitz on two fronts in WA early in the new year. The explorer has slated up to 6000m of RC drilling at its Penny South project that sits adjacent to Ramelius Resources’ Penny North deposit where 306,800 ounces grading a remarkable 16.8 g/t gold have been defined. It also plans to drill-test its Ryan’s Find project north-east of Southern Cross.

Memphasys has successfully collected data from approximately 240 horse inseminations to test its novel “SAMSON” stallion fertility diagnostic device that may cut sperm diagnosis times down to a rapid 15 minutes. SAMSON measures the quality of semen and predicts the likelihood that it will achieve a pregnancy. Currently there are no other similar devices on the market and a 14 day wait is required to check for pregnancy through ultrasound.

Novo Resources has unveiled a suite of gold-copper and nickel-copper-cobalt targets in the West Pilbara region of WA. The company is now progressing EM surveys to advance its latest findings.

Gold developer, Calidus Resources is set to unleash the rig for a regional gold search aiming to grow its existing 1.7 million ounce resource base in the Pilbara region of WA. The company will drill-test multiple greenfields targets near its Blue Spec resource and in proximity to its multi-deposit Warrawoona project that is set to churn out 90,000 ounces of gold per annum from next year.

Meeka Gold has delivered a compelling scoping study evaluating the proposed production of gold at its Murchison project in WA. According to the company, it will pocket $457m over 8 years for a net present value of $124m. Significantly, the project has an IRR of 46 per cent and the company says it could advance the value of its project through systematic exploration.

Empire Energy could be gearing up for a busy end of year after its in-progress Carpentaria-2 well sniffed out a suite of thick liquid rich gas shales across four stacked Velkerri Formation pay zones in the vertical section of its Beetaloo Sub-Basin ground. The company is now set to tap the middle Velkerri B shale by drilling the horizontal section of the Carpentaria-2H well.

WA-focused nickel explorer, St George Mining has unveiled a large, compelling nickel-copper sulphide target beneath its Investigators prospect located at its Mt Alexander project in the north-eastern Goldfields. Previous drilling at the prospect delivered multiple shallower intercepts including a cracking 8.49m going 5.8 per cent nickel and 2.6 per cent copper from 183.9m. The company now plans to drill-test the deeper priority target early next year.