Public Company News

If there are any major gold deposits left lurking within cooee of Kalgoorlie, Horizon Minerals will most likely find them after it announced this week it is about to launch a massive, 70,000m drill campaign on an axis around Kalgoorlie that will leave no stone unturned. It will cost $7 million and feed into Horizon’s much anticipated definitive feasibility study.

ASX-listed Lithium Australia’s proprietary processing technologies continue to demonstrate that metal dust from old lithium batteries, discarded low-grade spodumene and mine waste can be converted into lithium ferro phosphates for the manufacture of high-performance lithium-ion battery cathodes.

Terrain Minerals is off and running at its promising Smokebush gold project in WA. Drilling is now underway over the Monza and T13 prospects following up on a historical drill hits and high-grade sampling, including 2 metres at 11.3 g/t gold. Terrain farmed into the project in December 2019 and can earn an 80 per cent interest in the tenure by spending $250,000 over a two-year period.

Eclipse Metals is ready to launch into the second phase of diamond drilling at its high-grade Amamoor manganese project in Queensland. Initial exploration over the historic mining area has established that the ore system consists of multiple, steeply dipping high-grade lenses that remain untested by drilling and with demand for the battery metal looking set to sky-rocket the timing is good for Eclipse.

Wiluna Mining looks set to bank more than $110 million over the next 12 months after it secured a $21 million drawdown facility repayable in gold and hedged a further $90.9 million of gold at near record prices. The nine-figure windfall comes at an opportune time for the company as it begins the expansion of the Wiluna processing plant and gears up for an innovative transition into sulphide concentrate production.

ASX-listed base metals explorer Legend Mining has encountered more significant nickel-copper sulphide mineralisation at its exciting Mawson prospect at its Rockford project in WA’s Fraser Range district that looks to be shaping up as a possible extension to the original discovery.

TNT Mines has expanded its strategic uraniferous ground holdings in Utah, pegging the southern strike extensions of its historic high-grade ‘None Such’ and ‘Bonanza’ mines at East Canyon. The tactical move comes on the back of recent sampling in the old underground workings that has returned a plethora of high-grade results and highlighted the untapped potential of the Uravan mineral field.

ASX-listed aspiring gold developer, Middle Island Resources, continues to steadily build its global gold resource based on a host of satellite deposits at its historic Sandstone gold project in WA. The latest update comes courtesy of an increase of about 7,000 ounces, or 13 per cent, for the Two Mile Hill open-pittable resource that is now estimated at 1.25 million tonnes going 1.36 grams per tonne for 55,000oz of contained gold.

ASX-listed base metals developer, Blackstone Minerals, has further strengthened its drilling and geophysics armoury on the ground in Vietnam as it ramps up exploration at its 90 per cent-owned historic Ta Khoa nickel-copper-PGM project 160km west of Hanoi. The company has added a second geophysics crew and three drill rigs to its fleet, effectively doubling its exploration capacity.

St George Mining’s deep drilling program at Mt Alexander in WA has continued to meet with success. Initial results from the Investigators and Cathedrals targets confirm the nickel-bearing Cathedrals structure extends to more than 500 metres depth, according to the company. Diamond drilling is continuing across the project area with a flow of results expected over the coming weeks.

Ardea Resources has received plenty of encouragement from the first RC drilling the company has undertaken at its Aphrodite North gold project, 80km north of Kalgoorlie, with significant gold hits encountered in newly delineated mineralised lodes. Notable intersections from a seven-hole program were 6m going 3.60 grams per tonne gold from 44m including 2m at 9.99 g/t and 8m at 4.94 g/t from 172m including 4m at 9.42 g/t.

Barton Gold’s re-appraisal of the Tarcoola goldfield in SA is pulling back the veil surrounding the historical mining centre with recent magnetic and 2D seismic studies revealing that the Perseverance deposit may just be the tip of the iceberg. According to the company, the re-interpretation of old geophysical data points to the possibility of multiple repetitions of the lucrative Perseverance pit along a 14km mineralised gold trend.