Public Company News

ASX-listed Si6 Metals expects to wrap up its acquisition of the Monument gold project in Western Australia’s Laverton district before the end of next month after exercising a long-held option with DiscovEx Resources to purchase the large land package in one of the world’s most prolific gold producing areas.

Western Australia explorer Zuleika Gold has delivered a bevy of high-grade gold intercepts from its recent round of drilling at the Paradigm East discovery, north-west of Kalgoorlie. Deeper reverse circulation drilling has returned 10 metres at 2.53 grams per tonne gold from 51m and 4m at 4.93 g/t which includes an impressive 1m at 18.48 g/t from 72m down-hole.

Kairos Minerals could be set for some significant milestones with results pending from about 15,000m of gold drilling at its Mt York and Kangan projects in the Pilbara region of Western Australia. The company is looking to grow Mt York’s existing 873,000-ounce resource base, whilst at Kangan it is seeking to uncover an intrusion-hosted gold deposit similar to the nearby 6.8-million-ounce Hemi gold discovery.

ASX-listed junior explorer Aruma Resources says it is finally “locked and loaded” and ready to set off an avalanche of drilling starting in August at its pipeline of key projects in Western Australia after securing a series of state regulatory approvals for its planned programs. The company plans to punch out an impressive total of about 9,000m of reverse circulation drilling across its quartet of assets.

King River Resources has delivered several batches of a 5N high-purity precursor compound used to produce 4N high-purity alumina through its innovative and proprietary ARC process. The company plans to become a producer of 4N high-purity alumina and has launched a definitive feasibility study into its proposed operation at Kwinana in Western Australia after tabling some stellar numbers in a recent pre-feasibility study.

ASX-listed Conico Limited saw its share price double in intra-day trading this week after the first drill hole at its 100 per cent owned Ryberg base and precious metals project in Greenland hit a 54.88m interval of significant sulphide mineralisation. Drilling is targeting three modelled electromagnetic plates said to be prospective for magmatic sulphides at the Miki prospect, where surface grab samples returned elevated copper, nickel, palladium, cobalt and gold.

Kingwest Resources has teased out tantalising gold intersections from drilling beyond the current pit shell limit for one of the key deposits at its multi-deposit flagship Menzies gold project in WA. The company’s extensional drilling at the Yunndaga deposit returned impressive assays of 7m grading 5 g/t gold from 163m including 3m at 10.6 g/t and 5m at 2.35 g/t from 100m including 1m at 7.55 g/t.

ASX-listed 3D printing specialist Aurora Labs has officially opened its new head office premises in the Perth suburb of Canning Vale, Western Australia, from where the company will continue its push to bring a new generation 3D laser printer for industrial metal components to the market. The company has said the move will enable it to achieve long-term cost savings of up to $240,000 a year.

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.