Public Company News

Novo Resources continues to demonstrate the developing potential of its Pilbara conglomerate gold hosted Egina and Beatons Creek deposits with ongoing high-tech mechanical test work squeezing out more and more fine gold from the ancient rocks. A small sub-sample of Egina concentrate was “seeded” to determine the effectiveness the German-based TOMRA mechanical ore sorting testing equipment and the company said that 120 out of 120 of the seeded nuggets were recovered.

Australian Potash has remarkably penned its second offtake deal during turbulent times, securing another “take-or-pay” partner for nearly half of all its “K-Brite” premium Sulphate of Potash fertilizer to be produced annually from its WA Lake Wells project. The exceptional and binding ten-year term sheet has been agreed with Singaporean tier one, Migao International, who produced over one million tonnes of specialty fertiliser during 2019 from seven facilities across China.

Middle Island Resources’ punt that the ground surrounding its Sandstone gold project in WA might be harbouring rich pickings appears to be paying off after the Perth based company experienced some extreme success with the drill bit recently. The best result from the latest drill campaign came in at an exceptional 4 metres grading nearly three ounces to the tonne gold from the McClaren prospect.

ClearVue Techologies and Netherlands-based eLstar Dynamics B.V are planning to develop the ultimate remote controlled, energy generating “smart window” by combining both companies proprietary technologies into one window. The partners have penned a synergistic agreement that will combine Clearvue’s window glass energy generation technology with eLstar’s dynamic/switchable and dimmable glazing technology. The partners are planning to develop a window that can be controlled remotely whilst generating its own power.

At a time when health care has never been more prominent in the minds of many and home care solutions are more urgently sought, Intelicare’s artificial intelligence powered, in-home monitoring system for the sick and elderly is set to come into sharp focus. As the company seeks to ride on the coat tails of an ageing baby boomer population, its upcoming public listing on the ASX would seem exquisitely timed with the elderly confined to quarters right now due to the Coronavirus and largely quarantined from their loved ones.

Rapidly expanding ASX-listed automotive conglomerate, AMA Group, has negotiated revised terms with Insurer Suncorp, for its Capital SMART panel repair business, with the new terms to include increases in average repair pricing and increases in volumes. AMA said the new agreement with Suncorp recognises the additional costs associated with repairing modern vehicles safely, including the increasing costs of new technologies such as Advanced Driver-Assistance Systems.

Ora Banda Mining has landed multiple, wide drill intercepts along a one-kilometre strike south of its main Riverina gold deposit, located 48 km north-northwest of its Davyhurst mill in WA. Riverina already has a total resource of 280,000 contained ounces of gold albeit an upgrade is almost certain now with new hits like 13m at 4.59 g/t gold from 63m, including 3m at 10.1 g/t gold.

Hot Chili has transformed the Cortadera copper-gold deposit, one of Chile’s best kept secrets, into a company maker and it has now bought itself another 12 months to pay for it as the company continues to drill it out and get a handle on just how big Cortadera might be. The deal removes the need to raise money during the Coronavirus calamity, which has also caused the US dollar to tank.

Ardiden Limited has amassed a huge land bank after securing 165 square kilometres of prospective leases adjacent to its Pickle Lake gold project in Ontario, Canada, taking its total land-holding in the gold-rich greenstone belt to 664 square kilometres. Ardiden said its lease position is the largest in the region and comparable with the world class Red Lake gold district located approximately 200 kilometres west of Pickle Lake.

Just 12 months after taking the helm at ASX-listed agricultural company, Alterra, Oliver Barnes has successfully pivoted the company and made good on his business model to create long term investment grade agricultural assets that are attractive to the institutional investment market. Alterra is set to become one of WA’s leading avocado orchard developers after leasing 300ha of prime land near Pemberton in WA.

Troy Resources has recovered 4,528 ounces of gold since mining re-commenced on January 10th this year at its Karouni gold project in Guyana South America, with much of the precious metal coming from the Hicks-4 pit that recently booked a three-fold reserve upgrade. Head grades have also been solid with the average grade for the quarter coming in at 2.2 grams per tonne gold.

ASX-listed explorer, St George Mining has shone a light on some 35 kilometres of prospective geology in the revered Paterson province in the eastern Pilbara of WA after a new aeromagnetic survey lit up several potential copper and gold exploration hotspots. The geophysical survey represents the company’s inaugural field work program in this prolific mineral province and it has now applied for co-funding under the WA Government’s Exploration Incentive Scheme.