Public Company News

Si6 Metals has secured an aircore rig for a forthcoming drilling program at its Monument gold project about 40km west of Laverton in WA as it looks to build on its existing 150,000-ounce-plus resource position in the prolific Laverton gold district in the North-Eastern Goldfields. The company says it expects to kick off the 125-hole regional program totalling about 5,000m by the end of this month.

Aspiring Indonesian gold producer Sihayo Gold has been making solid progress on the ground at its developing Sihayo “starter” gold project in North Sumatra which is getting tantalisingly close to being “shovel ready”. An optimisation study on the proposed mine is also advancing towards tabling in the next quarter and the company says upgrades to an access road and an existing camp are now largely completed.

King River Resources says it is re-evaluating its DFS strategy that is currently considering large-scale production of high purity alumina at a manufacturing plant in Kwinana in WA. The company will now also look to leverage its proprietary processing technology to consider an initially smaller scale operation only producing high value aluminium precursor compounds used in lithium-ion batteries in order to slash the capital and operating costs of the venture.

ASX-listed, Venture Minerals’ tin search at its Mount Lindsay tenure in Tasmania is heating up with exploration drilling intercepting a 16m interval of sulphide rich magnetite skarn that is prospective for hosting tin mineralisation. The company is targeting extensions of the Renison Mine Sequence that contains one of the largest and highest-grade tin mines in the world some 12 kilometres along strike, the Renison Bell tin mine.

ASX-listed heavy rare earths player Northern Minerals has its sights trained on a new set of prospects at its flagship Browns Range project in WA’s East Kimberley region. The trio of targets were highlighted by preliminary field portable X-ray fluorescence hits the company says point to broad geochemical anomalies that it intends following up with more drilling shortly.

Mineral exploration company, Okapi Resources’ share price soared by more than 50 per cent in intra-day trading after unveiling a monster 174m gold intercept going 1.83 g/t gold from surface at its Enmore gold project in northern NSW. The company says that grade appears to be increasing at depth with the hole terminating with a 1m interval at 15.15 g/t gold from 172m.

ASX-listed gold developer Horizon Minerals has released a new mineral resource estimate for its Crake project about 25 kilometres west of its proposed Boorara gold mine near Kalgoorlie. A series of stellar drill results have now moved 95 per cent of the resource into the coveted indicated category and metallurgical test work is also scrubbing up well at up to 98.9 per cent recoveries from the oxides.

Kingwest Resources has boosted its underground resource at its Yunndaga deposit within the Menzies gold project 6km south of Menzies. Importantly, the new estimate represents Kingwest’s first “high grade” resource estimate for Yunndaga and the company says the deposit may now be amenable to underground mining. New estimates are based on 13 new RC drill holes focused on eking out some high grade dirt at the Yunndaga underground deposit.

Manufacturer and distributor of consumer goods, Pental Limited is set to bolt on at least $24 million in existing revenues and plenty of blue-sky revenue opportunities after moving to acquire e-commerce business, Hampers With Bite. Pental will add the burgeoning gift hamper business to its lucrative and growing stable of big-name brands that it distributes including Huggie, White King, Jiffy, Velvet, Softly and Duracell, to name just a few.

Venus Metals and Rox Resources say they have identified what looks to be a new gold lode parallel to the old Youanmi mine at their joint ventured Youanmi gold project in WA. The JV partners’ continuing drilling campaign at Youanmi recently returned a pulse quickening 4-metre intersection going an impressive 45.5 g/t gold from 341m including 1.33m grading an even more impressive 129.3 g/t gold from 341.75m.

ASX-listed junior explorer Surefire Resources has uncovered three new targets at its exciting Yidby gold discovery at its namesake project in WA’s south-west Murchison district following recent soil sampling work. The Perth-based company says results from the geochemical survey comprising 520 samples point to three discrete and significant soil anomalies south-east and along strike of Yidby.

Quantum Graphite has launched into an eight-hole diamond drilling campaign over the ‘Eastern conductor’ near its Uley 2 graphite deposit on the Eyre Peninsula in SA. Uley 2 already boasts a 6.3 million tonne resource going 11.1 per cent total graphite content, with reserves clocking in at 4Mt at 11.89 per cent. The company is now looking to grow the resource and reserves via a two-phase drilling campaign.