Public Company News

ASX-listed Primero Group has become a “substantial” shareholder on the unlisted Barton Gold’s share register as the private equity backed company gears up its ready-to-mine South Australian gold assets and makes preparations to go public. Barton has a swag of solid mining assets in South Australia that it will list on the back of including the high-grade but mothballed Tarcoola open pit gold mine.

Middle Island Resources has continued its extraordinary track record at the Sandstone project in Western Australia, identifying a fifth new gold deposit from its latest drilling program that took in an impressive 13.4 kilometres. The company’s recent evaluation of historical data identified the Ridge prospect, which contains solid intercepts like 13 metres grading 3.81 grams per tonne gold from just 24m.

Kingwest Resources continues to hit gold at depth at its Menzies project 130km north of Kalgoorlie after it hit its deepest-ever intercept below the Princess May shoot, returning a metre at 25.4g/t gold from 731.5m. Kingwest said the result proves that gold mineralisation continues below level 21 at the underground workings beneath the historical Yunndaga open pit.

Impact Minerals has picked up an interesting suite of five tenements that it believes are prospective for nickel-copper-PGM in the south-west of WA’s Yilgarn Craton. The tenements will be known as the Arkun project. The Yilgarn craton is revered for its gold, nickel and copper deposits. However, more recently, interest has turned to the rare suite of platinum group elements in the area.

Blackstone Minerals is once again headed into the jungle surrounding its Ta Khoa nickel-copper-PGE project in Vietnam. It has kicked off an aggressive program of geophysics and drilling to hunt down more high-grade repetitions of its impressive Ban Phuc nickel mine. The company continues to produce a wealth of sulphide targets and high-grade nickel results that should boost its scoping study.

InteliCare’s in-home monitoring technology for the sick and the elderly made a spectacular debut on the ASX this week with the company’s shares running hard from 20c to a crescendo of 58c for the week. Lead Manager, JP Equity closed the book early after getting a flood of bids totalling $6.2m against the targeted $5.5m, which caused scale backs and a flurry of on market buying.

Element 25 has completed a deal that will see it sell a portfolio of royalties it was holding over multiple projects for around A$500,000 worth of shares in TSX-listed specialist royalty company, Vox Royalty Corp. Element 25’s stock doubled recently from 20c to 40c after the market consumed its PFS and unlike many other flash in the pan ASX-listed company share price runs – it stayed there.

Great Southern Mining has racked up another successful exploration program at its Edinburgh Park Project in north Queensland, with a recently acquired hyperspectral dataset lighting up a litany of interpreted geochemical footprints of mineralised porphyry, epithermal gold-silver and intrusive related copper-gold and multi-metals systems.

ASX-listed Lithium Australia has formed an alliance with neighbour and fellow ASX-listed explorer, Australian Vanadium and privateer, Mercator Metals to explore for nickel-copper-PGE across contiguous tenements in the hills east of Perth. Lithium Australia said the alliance will target look-alikes to ASX-listed Chalice Gold Mines’ nearby Julimar project where a significant nickel-copper-PGE discovery was made just 29km to the northwest.

Calidus Resources has entered into a Heads of Agreement to earn up to 70 per cent of the prospective looking Otways Project, located just 50km from its flagship Warrawoona gold project in the Pilbara. The initial part of the deal with ASX-listed Rugby Mining Limited, will see Calidus spend $200K on the Otways project and put 1,200m of RC drilling into it over 12 months.

Canadian-focussed Ardiden Limited is all set to kick off a diamond drilling program at the Kasagiminnis deposit where recent work adds significant weight to the prospectivity of its Pickle Lake project. The Kasagiminnis deposit contains a maiden resource of 110,000 ounces grading 4.3 grams per tonne gold and the company has set an exploration target of between 500,000 and 1.2m ounces.

On the back of a recent find at its Paradise alluvial gold prospect in the Pilbara, TSX-listed conglomerate gold pioneer, Novo Resources, has uncovered a new, fresh, shallow, alluvial gold-bearing channel at its Egina project in WA’s northwest. Novo said the new channel that ties in well with its gold-bearing gravel terrace geological model has a width of 350m and a gravel thickness of 0.5-2.0m.