Public Company News

Galena Mining has appointed former Paladin Energy Chief Executive Officer Alex Molyneux as its Managing Director and Chief Executive Officer with effect from the 1st of September 2018 as the company moves towards becoming a base metals producer. Current Chief Executive Officer Ed Turner will remain as the company’s General Manager of Geology and Exploration from the same date.

BlackEarth Minerals has delivered a maiden resource estimate of 11.2 million tonnes grading 7.1% total graphitic carbon at its emerging Razafy graphite prospect in Madagascar. The recent work will form the backbone of the Maniry project scoping study which is scheduled for delivery in the last quarter of 2018. The company also issued a massive exploration target for Maniry, ranging from 260-380 million tonnes @ 6-8% TGC.

King River Copper has announced further outstanding drilling results from the narrow, but high grade Trudi Vein at its Mt Remarkable gold project near Kununurra in W.A. Several intersections returned bonanza grades near surface at the intersection with the Grahame Vein. The best result was 4m @ 36.77 g/t gold from 7m down-hole, including 1m @ 70.9g/t from 9m. Exploratory drilling is ongoing at the property.

Calima Energy now has 100% of its lucrative 72,000 acres of oil and gas ground in the revered Montney formation in Canada. The company recently announced the acquisition of its joint venture partners in the project, TSV Montney and TMK Montney. The move is expected to attract greater market interest, provide improved access to capital and remove any risks relating to partner funding of development costs.

MGC Pharmaceuticals expects revenues to rise thanks to strong demand for its range of 18 cannabis based skin care products that has prompted UK luxury retailer Harvey Nichols to make them available in two additional stores. The company said the exposure provided by its skin care products may also provide a ready made pathway to market for its fledgling medicinal cannabis business.

Latest assays from drilling at the San Antonio copper mine suggest Hot Chili may have found a large, high-grade, shallow copper resource that could transform the economics of its flagship Productora development just 20kms away. Best results include 27m at 1.3% copper and 5m @ 2.5% copper. Copper mineralisation is continuous over a 700m strike length and remains open along strike and at depth.

Classic Minerals has implemented an exploration target review of its Fraser Range nickel-copper-cobalt project, located 45km northeast of the famed Nova-Bollinger deposit and less than 10km north of the Creasy Group’s very promising new Silver Knight find in the Fraser Range of W.A. The focus will be on nickel-copper mineralisation at the Mammoth prospect and copper mineralisation at the Alpha prospect, discovered by Classic in 2013.

Legend Mining will carry out a moving loop electromagnetic survey over its intriguing Area D prospect at the Rockford nickel-cobalt-copper project in W.A’s Fraser Range region to identify targets for diamond drilling in the fourth quarter. The 32km2 survey is the first recommendation of a geophysical review over Area D and is expected to take up to six weeks to complete.

Auroch Minerals has commenced its maiden drill program at the Arden base metals project north of Adelaide this week. The 2,500 metre campaign will drill three prospective looking zinc, copper and cobalt targets across the project. The company has previously announced high grade surface base metal assays from the Ragless Range and Kanyaka prospects, whilst Radford Creek showed highly anomalous lead, zinc and silver.

Tyranna Resources has announced that it has finalised the acquisition of the Eureka gold project, located 50km north of Kalgoorlie in W.A. Approved resource development drilling programs will now take place, to bring the project in line with current JORC-compliant standards of reporting. Up to 2,000 metres of drilling has been scheduled and will provide structural information regarding the quartz-hosted gold mineralisation and samples for metallurgical test work.

Artemis Resources has reported a swathe of high grade gold, cobalt and copper drilling intersections from its Carlow Castle project east of Karratha in the Pilbara. Bets results were 22m @ 6.1g/t gold, 0.55% cobalt and 2.35% copper from 133m down-hole at the Carlow Castle South East prospect, whilst the Carlow Castle South prospect produced 31m @ 1.65g/t gold, 0.11% cobalt and 0.47% copper from just 37m.

ASX listed Bellevue Gold has made a bonanza hit of 4.3m @ 58.8g/t gold that is located between two previous high grade intersections at the Viago Lode discovery within its Bellevue gold project. The results have led the company to draw comparisons to the high-grade ore shoots at the historical Bellevue mine in terms of geology, grades and width.