Public Company News

ASX-listed Lithium Australia has inked an exclusive licensing agreement covering Europe with a Germany-based resources group that paves the way for its proprietary “LieNA” fine-spodumene conversion technology to be commercialised. Under the terms of the exclusive licence agreement, Deutsche Rohstoff AG has indicated it intends building a LieNA pilot plant in Europe.

Legend Mining’s innovative exploration approach at its Mawson nickel find in WA is paying tremendous dividends, with drilling across the prospect area intersecting massive sulphides more than a kilometre east of the original discovery zone. Drilling has returned intervals of semi to massive sulphides up to 13.2 metres thick, containing both nickel and copper sulphides, with samples now being expedited through the labs.

ASX-listed explorer, TNT Mines is looking to secure a large footprint near a recent high-grade base metals discovery that was made in WA’s Earaheedy Basin about 110km north of Wiluna. The Perth-based company says it has lodged an exploration licence application for 930 square kilometres of tenure that it calls the Mount Lockeridge Fault project just north of Rumble Resources’ exciting Chinook zinc-lead discovery at its Earaheedy project.

ASX-listed explorer, Si6 Metals has successfully applied for exploration co-funding of $75,000 under the WA Department of Mines’ Exploration Incentive Scheme. The company says the funds will go towards a planned regional aircore drilling program targeting bulk-tonnage, syenite or intrusive igneous rock-hosted gold mineralisation at its Monument gold project within the Laverton Tectonic Zone.

Surefire Resources has just completed a major RC drilling campaign that comprised two programs at its exciting Yidby Road gold project in WA’s south-west Murchison province. The maiden 20-hole program late last year returned stellar, broad drill intersections of 56 metres at an average grade of 1.97 grams per tonne gold from 44m including 4m at 14.47 g/t and 40m going 3.01 g/t from 24m including 4m at 26.57 g/t.

Godolphin Resources has returned further encouraging drill intersections from resource definition drilling at its Lewis Ponds polymetallic project in NSW’s revered Lachlan Fold Belt region. The latest stand-out drill hit from the company’s second diamond hole at Lewis Ponds was a broad 43.2m grading an average 1.82 g/t gold, 14 g/t silver and 0.4 per cent zinc and lead combined for a gold equivalent grade of 2.36 g/t from 446m.

Mining software as a service provider, K2fly has reported some strong results in its March-2021 quarterly report, including a record $2.06m in quarterly invoicing, up 27 per cent on the corresponding quarter in the 2019/20 financial year. K2fly’s total contract value for its software as a service offering in the March quarter is also up a staggering 146 per cent on the same quarter last year after it hit $9.13m for the quarter.

Stock market darling, Chalice Mining has kicked off a ground electromagnetic survey at Venture Minerals’ South West nickel-copper-PGE project about 240km south of Perth as part of the first stage of the pair’s recent joint venture agreement. Chalice has the right to earn up to a 70 per cent stake in Venture’s South West project by spending $3.7 million on exploration over four years.

Things are heating up for up-and-coming nickel explorer, St George Mining at its Mt Alexander project in the Goldfields of WA. New gravity surveys and downhole electromagnetic surveys have identified multiple new nickel-copper sulphide targets as resource and exploration drilling continues. Additional drilling to test the newly identified high-priority targets is now on the cards

Torian Resources has received the final assay results from an RC drilling campaign planned to culminate in an updated mineral resource estimate next month for its Mt Stirling gold project about 40km north-west of Leonora in WA. The company piled on a number of high-grade drill hits in the run-up to the revised gold resource, with the latest stand-out intersection being 4 metres at 10.53 grams per tonne gold.

ASX-listed PharmAust continues to receive positive news from the ongoing Phase IIb trial of its “Monepantel” anti-cancer drug trial on dogs. The clinical-stage oncology company said the interim analysis of its drug trial provided further supportive evidence of the blood plasma levels of the Monepantel drug required to suppress B-cell lymphoma growth in pet owner’s dogs.

ASX-listed gold producer in waiting, Horizon Minerals has tabled a revised open-pittable mineral resource estimate for the main gold deposits at its flagship Boorara gold project, about 15km east of Kalgoorlie. The updated measured, indicated and inferred resource now stands at 11.03 million tonnes of ore grading an average 1.26 grams per tonne for 448,000 ounces of contained gold.