Public Company News

Blackstone Minerals has nailed a plethora of new nickel sulphide exploration targets from its maiden geophysical survey program at the emerging Ta Khoa project, west of Hanoi, in northern Vietnam. The induced polarisation survey showed a strong correlation with existing positions of nickel mineralisation at the flagship Ban Phuc prospect and outlined new targets at the Ban Khoa and King Snake prospects nearby.

TNG Limited has flagged the potential to reduce mining costs and costs associated with waste haulage of tailings at its flagship Mount Peake vanadium-titanium-iron mine in the Northern Territory. The company said this could be achieved by focussing on two higher grade vanadium pits during the first 10 years of operation, which will lower ore mining and processing rates without affecting production.

Australian telco disruptor, Vonex, has officially launched its partnership with Australia’s largest business to business loyalty program, Qantas Business Rewards. The partnership allows businesses of any size in the QBR program to earn reward points for their expenditure on the company’s products and has the potential to grow its brand awareness, recognition and sales growth.

Clutching an armoury of excellent previous gold drilling results, Classic Minerals is now well and truly blooded and up for the hunt at Kat Gap near Southern Cross. The ASX minnow has kicked off a new drilling campaign aimed at testing down-dip projections of high-grade mineralisation it previously intersected with drilling to focus on the 400 metres of strike to a depth of about 100m, double the average depth of previous holes.

Venus Metals and Rox Resources have recommenced reverse circulation drilling to follow up on high-grade hits of more than two ounces to the tonne gold at the Currans Find North prospect, near Youanmi in Western Australia. The current drill program will explore the down-plunge and along-strike extensions of the high-grade gold mineralisation that was intersected in previous drilling.

Hammer Metals is gearing up to kick off its maiden drill program at the Bronzewing South gold project in Western Australia over several targets that are located immediately south and along strike of Echo Resources’ 4 million ounce Bronzewing mine. A recent survey over these targets identified conductive zones that are in most cases spatially associated with areas of higher gold accumulation anomalies in historical drilling.

Buru Energy has identified the potential for an 11 metre oil pay zone in the Upper Anderson section after completing wireline operations at its Adoxa-1 conventional oil exploration well on shore in the Canning Basin, Western Australia. The company will now case the well before mobilising the NGD 405 rig to drill the nearby Ungani-7H production well at the Ungani oil field before returning to Adoza-1.

AVZ Minerals has improved on initial metallurgical test work at its giant Manono project in Africa with the production of a lithium concentrate grading 6.6% with recoveries of 70.4% from ores crushed to a finer size than in previous tests. The company has also updated President Tshisekedi Tshilombo from the Democratic Republic of Congo and senior government officials on the progress being made at the project.

ClearVue Technologies, has secured a significant foothold in the US for its solar glass “PV technology” after signing a collaboration agreement with sustainable infrastructure specialist AquaGen Infrastructure Systems. Under the agreement, AquaGen will integrate ClearVue’s energy generating windows into all of its planned sustainable village developments, some of which are already at an advanced planning stage.

Altech Chemicals is proceeding with its German equity strategy to sell up to a 49% stake in its high purity alumina, or “HPA” project for USD$100 million to Frankfurt Stock Exchange-listed company, Youbisheng Green Paper. Altech is also acquiring a 29% stake in Youbisheng, which will change its name to Altech Advanced Materials and seek to raise up to €70 million in new equity to fund the acquisition.

TSX-listed conglomerate gold explorer, Novo Resources, has unearthed an Aladdin’s cave of gold nuggets in a single pathfinder trench at its exciting Egina gold project, near Port Hedland in WA’s Pilbara region. 162 gold nuggets weighing 324 grams were plucked from the trench in the first pass with most of them recovered from a swale in the underlying basement rock near the northern end.

St George Mining has intersected nickel-copper sulphide mineralisation that extends known zones of high-grade mineralisation at the Investigators prospect within its Mt Alexander base metals play near Leonora in WA. The drilling includes a top intersection of 15.1m of sulphide mineralisation from 172.2m down-hole in an area where there has been very limited drilling to date.