Public Company News

Terrain Minerals has earned its 80 per cent holding in the joint venture tenements at its Smokebush gold project in WA, with ownership of the tenure having now been transferred to the company. Terrain has ploughed over $250,000 into its exploration of the five joint venture tenements and has also issued the vendors 5 million shares in the company, meeting the conditions of the earn-in arrangement.

ASX-listed healthcare technology company, InteliCare has shown it is capable of scaling up after posting first-half customer revenues of $235,518 against revenues of just $9,497 for the previous corresponding quarter. The company also banked an additional $553,813 on the top line for the December 2020 half, largely from an R&D tax offset grant and Government COVID-19 grant payments.

Surefire Resources is poised to resume drilling at its historic Yidby Road gold project in WA’s Murchison Goldfields. The new program will follow up on a bundle of recent exciting gold drill hits. The spectacular assay results from the company’s maiden round of RC drilling late last year featured a 56-metre intersection going an average grade of 1.97 grams per tonne gold from 44m down-hole that included 4m at 14.47 g/t.

Indiana Resources has unearthed a golden labyrinth at its Minos discovery in SA, with the company’s maiden drilling program returning a quiver of high-grade intercepts. Drilling has returned gold-rich intervals in each of the five drill holes received to date, including an impressive 22 metres at 3.07 grams per tonne gold and a stellar 5m at 24.35 g/t gold.

West African bauxite hopeful, Lindian Resources has moved to separate the infrastructure interests and mining ownership structures in relation to its Lelouma, Gaoual and Woula bauxite projects in Guinea as it looks to firm up a business model for the development and operation of the assets. As part of the grand plan, the company hopes to strike binding agreements with various parties to participate in the infrastructure development required for the projects.

Emu NL has uncovered a treasure trove of gold mineralisation at its Gnows Nest project in WA, with the company’s maiden drilling program delivering a haul of high-grade intercepts including 3 metres at a stunning 42.18 grams per tonne gold, including an even more impressive 1m at 89.57 g/t gold from 78m down-hole and 4m at 20.4 g/t gold from only 51m down-hole.

ASX-listed West Africa gold explorer, Mako Gold has hit the ground running at its recently granted wholly owned Korhogo gold project in Côte d’Ivoire, kicking off a soil geochemical survey across the project’s two permit areas called Ouangolodougou and Korhogo Nord. Korhogo sits in the same highly prospective Birimian greenstone belt that hosts Barrick Gold’s 4.9-million-ounce Tongon gold mine and Montage Gold’s 3.1-million-ounce Kone gold deposit.

ASX-listed oil and gas explorer, 88 Energy is set to spud the Merlin-1 oil well at its Project Peregrine on the North Slope of Alaska early next month. The Perth-based company, who successfully rattled the tin recently for $12 million in a heavily oversubscribed capital raise, says mobilisation of the drilling rig to the Merlin-1 well location has commenced.

AVZ Minerals’ resource drill out continues to impress with broad drill intersections of pegmatite discovered in the Roche Dure pit floor at the company’s massive Manono lithium and tin project in the DRC. AVZ says the project will spit out an incredible US$400 million a year in average EBITDA when fully developed. The most notable new intersection came in at 173m grading 1.63 per cent lithium oxide.

Deep Yellow has banked a massive $40.8 million after adding several domestic and international financial institutions to the uranium developer’s registry. The company also received strong support from its existing institutional shareholder base with the placement set to finance the ongoing exploration and development efforts in Namibia and provide funding pipeline for any acquisition opportunities that might arise.

First-pass drilling at Oar Resources’ Gibraltar project in SA has delivered a potential treasure trove of mineralisation, with sampling revealing intercepts of both high-value halloysite and kaolinite. Some stand-out results for the flourishing project area include 3 metres at 19.6 per cent halloysite with 42.4 per cent kaolinite from 26m and an equally impressive 13m at 5.3 per cent halloysite with 80.9 per cent kaolinite.

Toronto Stock Exchange-listed Novo Resources has poured first gold from its Beatons Creek conglomerate gold mine at Nullagine in WA’s East Pilbara region following a rapid-fire project development. The Vancouver-based C$615 market-capped company achieved the gold production milestone during the plant commissioning phase in less than six months after buying and refurbishing the nearby Golden Eagle mill.