Public Company News

Dampier Gold has uncovered a new zone of high-grade gold mineralisation at its Browns Dam prospect, west of Kalgoorlie in WA. Wide-spaced aircore drilling, targeting the auriferous Zuleika Shear has intercepted near surface gold mineralisation in a series of shallow aircore holes, with better results including 5m at 3.1 g/t gold from only 38m down-hole.

Blackstone Minerals has unveiled its much-anticipated scoping study for the Ta Khoa nickel project in Vietnam, delivering a tantalising set of numbers headlined by a AU$1 billion present-day valuation and net pre-tax cash flows in excess of US$1.2 billion over the projected 8.5-year life of mine. The financials clearly support the case for a revival of its mothballed nickel operation in Vietnam.

As it marches towards production start-up at the rapidly developing $120 million Warrawoona gold mine in WA’s East Pilbara, ASX-listed Calidus Resources has identified a veritable treasure trove of regional gold targets as part of a strategy to accelerate exploration work over the company’s Pilbara tenure in parallel with the project build.

King River Resources program of metallurgical test work has hit upon a simplified purification process to produce a high-purity precursor compound to streamline the manufacture of a 4N HPA end product. The test work forms part of the company’s PFS over its giant Speewah speciality metals project in WA’s Kimberley region.

ASX-listed 3D metal printing group, Aurora Labs, has been granted another patent for a key part of its Multi-Layer Concurrent Printing, or “MCP” technology, this time in Japan. Only last month the Perth-based company locked down a patent in China, while patent applications in other countries, including in the USA and Australia, are also at various stages of their respective approval processes.

ASX-listed InteliCare has achieved a significant milestone in its business-to-consumer strategy to expand its revenue streams in the aged-care and healthcare sectors following the launch of a new online platform and e-commerce marketplace that provides an internet-based mechanism for family members to monitor the wellbeing of their elderly or health-compromised loved ones.

Canadian focused gold explorer, Ardiden Limited, has lit up an array of large-scale structural targets around its New Patricia gold prospect in north-western Ontario following an initial review of its freshly acquired airborne magnetic and radiometric geophysical data. The data includes its Esker prospect which is being likened by Ardiden to Newmont’s 5Moz operating Musselwhite gold mine.

Comet Resources has wasted no time at its Santa Teresa gold project in Mexico, unveiling a high-grade maiden resource for the project, tipping the scales with 369,000 tonnes at an impressive 7.47 g/t gold. This initial estimate perhaps understates the potential of the deposit which hosts a wealth of high-grade intercepts and has only been drilled to 300m depth.

ASX-listed high purity alumina player, Altech Chemicals, has received a commitment for a €7.38 million grant from the state Government of Saxony in Germany towards the potential development of a HPA plant in the east German state. It comes after the company recently signed an option agreement to purchase approximately 10 hectares of industrial land in the Schwarze Pumpe Industrial Park in the Spreetal municipality of Saxony.

Troy Resources has hit the jackpot with a four-ounce-to-the-tonne gold hit in its latest diamond drill hole at the Smarts Underground deposit at its operating, million-ounce, Karouni gold project in Guyana, South America. In just one of 16 hits in the 449m deep drill hole, the company returned 11m at 131.93 g/t gold from 223m, including 1m at an ‘off-the-chart’ 1,176.99 g/t gold.

ASX-listed K2fly continues to build momentum with the "software-as-a-service" company’s invoicing building to in excess of $1.64m across the first quarter of the financial year, up 15 per cent on the previous corresponding quarter. The company is riding high on the back of a stream of new client signings seeking access to K2fly’s specialised land management and mining software.

Hot Chili has unveiled a massive new resource for its Costa Fuego project in Chile, with the company’s inventory in South America skyrocketing to a headline-grabbing 724 million tonnes at 0.48 per cent copper equivalent. The global resource now hosts an incredible 2.9 million tonnes of copper, 2.7 million ounces of gold and 9.9 million ounces of silver. These numbers are set to grow even further in the coming months as drilling continues across the fertile copper terrane.