Public Company News

Horizon Minerals has racked up a pile of high-grade gold hits from infill and extensional drilling at its Kalpini project about 65km north-east of Kalgoorlie in WA. The company’s drill program returned better intersections of 12m grading 5.57 g/t gold from 203m including 2m at 12.92 g/t from 211m and 5m going at 10.21 g/t from 70m including 1m at 28.83 g/t from 72m.

Blackstone Minerals has tabled a pre-feasibility study projecting very strong profits for downstream processing of its nickel concentrate products in Vietnam. The study is based on construction of a refinery close to its developing Ta Khoa operations which will produce a nickel-cobalt-manganese product for use in the manufacture of lithium-ion batteries and could deliver revenues in excess of $19 billion over an initial 10-year period.

Mineral sands producer Image Resources is turning its attention to gold exploration, with results from drilling at the company’s King prospect in Western Australia bringing home the bacon. The company’s recent exploration over the discovery has delineated high-grade mineralisation along more than 400m of strike, with results including 10m at an impressive 8.4 grams per tonne gold from only 47m down-hole.

ASX-listed Troy Resources has tabled a maiden ore reserve for the Smarts underground project at its Karouni gold operation in central Guyana. The company sees the 89,400-ounce reserve supporting production for at least 2.5 years while it explores for potential extensions. Mineralisation is said to remain open below the calculated reserve of 1,082,000 tonnes grading 2.6 grams per tonne gold.

ASX-listed 3D metal printing specialist Aurora Labs is making strong progress in its plans to develop faster and higher quality laser printing for heavy industry components, hitting the third milestone on its ‘pathway to commercialisation’ of its flagship 3D printer. Hitting its ambitious target would set Aurora apart from competitors in terms of production speed and power.

Trigg Mining has released a maiden indicated resource statement for its high-grade Lake Throssell sulphate of potash project in WA as it looks to advance a scoping study on a possible project development. In the wake of recent trench brine pumping testing of a surface aquifer, the company says it upgraded more than 13 per cent of the Lake Throssell deposit’s previously announced inferred resource.

Victory Mines continues to hit paydirt in Western Australia with ongoing drilling at its Coogee project south of Kalgoorlie returning anomalous gold intercepts. The company’s third phase of drilling has successfully intersected mineralisation along strike from the historical Coogee open pit, with results including 8m at 3.64 grams per tonne gold from 172m down-hole.

Venus Metals has delivered a broad platinum group element drill intercept at its Youanmi PGE and base metals project in the Murchison district of Western Australia, with a 30m hit grading 0.95 grams per tonne combined platinum, palladium and gold, 0.22 per cent copper and 0.24 per cent nickel from 40m extending mineralisation some 50m west of a previous thick intercept.

Askari Metals is on the verge of kicking off a maiden round of reverse circulation drilling at its flagship Burracoppin gold project in WA. The company has now finalised plans for the initial 2,000m program and will be looking to follow up on a slew of historical high-grade drill results and vector in on gold mineralisation below a line of old artisanal mining shafts.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

ASX-listed junior explorer Valor Resources says a recently completed airborne geophysical survey has exceeded its expectations, pointing to historical uranium occurrences and new targets across its Hook Lake project in northern Saskatchewan, Canada. Follow-up field exploration work has been earmarked to kick off this month and the Perth-based company hopes to be drilling priority prospects in the venerated Athabasca Basin region later in the year.

ASX-listed biotechnology company PharmAust has filed a patent for the use of its monepantel anti-cancer drug to treat viral diseases, having previously said the drug had a positive anti-viral effect on cultured cells infected with COVID-19. The company is developing monepantel as a novel, safe and effective treatment for cancer in humans and animals and is also testing its efficacy in neurodegenerative disease.