Public Company News

A trip to the Mines Department appears to have paid off in spades for Kingwest Resources who has unearthed a treasure trove of lucrative looking historical face sample results taken along development drives and rises at its Menzies project. The results from 1924, show some amazing grades along the faces such as 22.3g/t gold over 31m of development at an average sampled width of 2.1m.

Kairos Minerals has spied visible gold amongst an extensive array of gold mineralised soil anomalies at its Fuego Prospect in the Pilbara region of W.A. It said that multiple gold-in-soil anomalies have defined an in-situ gold target at Fuego over 10km of strike that contains results above 30ppb of gold. The company will now use an EIS State Government grant of $150,000 toward its next RC and diamond drilling campaign.

ClearVue’s solar window glass technology is gaining momentum and now has a firm foothold in renewable energy markets across the globe. The Perth company is now on the radar of the global smart product building industry. ClearVue has developed two products that can be fitted to window glass that are capable of turning the glass into an energy generating panel.

Ora Banda Mining has increased its Waihai gold resource by 190% to 2.46Mt grading 2.6g/t gold for 206,000 ounces. The company’s total Davyhurst project mineral resource now stands at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces. A swathe of new drilling metres has been ploughed into the broader Davyhurst project with the global resource now sitting at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces.

Australian Potash has received positive feedback from the EPA who found no material issues or fatal flaws with its over-arching environmental review document for the Lake Wells sulphate of potash project near Laverton. The ASX-listed company will now address issues raised under the staged assessment process and resubmit its environmental document for the final approval stage with a view to clearing one of the largest project hurdles.

Horizon Minerals has kicked off what is shaping up to be a highly anticipated drilling and resource development program at its newly acquired Rose Hill project near Coolgardie in the prolific Goldfield’s region of WA. The project already boasts a resource of some 1.2 million tonnes grading 2.49 grams per tonne for 95,200 ounces of gold and recent excellent intersections include 11m grading 8.79g/t gold from 43m and 10m grading 6.28g/t gold from 28m.

Ardiden Ltd has invited veteran Geologist and its current CEO, Rob Longley, to step up into the Managing Director’s chair as the company sets its sights firmly on its Canadian gold exploration and development assets. Mr Longley recently drove the doubling of Ardiden’s ground position at its Pickle Lake gold camp in Canada where it is sitting on an initial resource of 110,000 ounces grading a respectable 4.4g/t gold.

Black Rock Mining is gearing up to develop its Mahenge graphite mine in Tanzania, having now opened three offices at local villages. The Mahenge graphite project boasts a 212 million tonne resource grading a respectable 7.8% total graphite content and the company says it has now established key relationships with locals and Government, both of which are key requirements for doing business in Tanzania.

AVZ Minerals is on track to deliver its definitive feasibility study in the coming months, with phase two metallurgical test work delivering an exceptional batch of results that reinforce the scalability of its giant Manono lithium and tin project in the DRC. AVZ said that it had produced a lithium concentrate grading 6.3% during testwork, easily surpassing the generally accepted threshold of 5%.

Listed telco innovator, Vonex, has entered into a preliminary agreement with the Canadian company, Silverstream SEZC, to sell its legacy entitlement to future iron ore production royalties from the Koolyanobbing Iron Ore Project. Subject to a definitive sale and purchasing agreement being executed and certain milestones being met, Vonex will receive total consideration of AUD$2.5 million in three instalments.

Podium Minerals has just booked a stellar PGM resource upgrade at its Parks Reef platinum, palladium plus gold project near Cue in Western Australia, that also boasts some copper and nickel credits. A 54% upgrade in the inferred mineral resource has delivered 1.14m oz of contained platinum, palladium plus gold and the copper credits now stand at 37,300 tonnes of contained copper.

The AMA Group has acquired New Zealand’s Fully Equipped Group that will complement its existing automotive component accessory division. The Fully Equipped Group manufactures and distributes automotive spare parts and accessories, predominantly for the off-road and utility market. Fully Equipped is based in Hamilton, NZ and has distribution centres on both the north and south islands. The company said it expects the acquisition to be EPS accretive by FY20.