Public Company News

Myanmar Metals has outlined an extensive program of exploration activities at its Bawdwin multi-mineral mining concession in Myanmar. Detailed soil sampling and ground geophysical surveys are ongoing at the property ahead of exploratory drilling programs scheduled for later this year. The company is completing work both sides of its existing mineral resource, focussed on areas of historical mining or drilling and gossanous outcrops, which indicate subsurface prospectivity.

Blackstone Minerals has identified two new targets that could unlock the potential for its Little Gem cobalt project in Canada to host multiple deposits akin to the Bou-Azzer primary cobalt mineralised area in Morocco. A detailed soil sampling program over multiple prospects adjacent to Little Gem and regional targets over 335 km2 of tenure is also nearing completion.

St George Mining has drilled over 13 metres of mixed massive and disseminated nickel-copper sulphide mineralisation from 193.3m down-hole at its emerging Investigators prospect, near Leonora in W.A. The drilling has extended a high grade plunge to the ore zone to 320 metres. The next phase of drilling will target a very strong off-hole electromagnetic conductor some 80 metres down-dip from an existing mineralised intercept.

Geopacific Resources has reported more impressive gold results from soil sampling at its Woodlark project in PNG, defining a new exploration target at the Talpos prospect covering over 1 square kilometre in area. The work returned highly encouraging assays up to 3.36g/t gold in soils. The company also revealed rock chip samples up to 48.4g/t gold from the Watou prospect that was also recently identified by soil sampling.

ASX listed security surveillance camera company Spectur, has reported revenues of over $800,000 for July and August, up 190% on the same period the previous year courtesy of its ongoing east coast expansion strategy. A change to the company’s pricing strategy is expected to improve margins as it targets Tier 1 enterprise level solutions and explores new business activities outside of traditional security.

Neometals has successfully transitioned lithium waste material into pay rock by converting spodumene waste into a little known but lucrative synthetic material known as “zeolite’. A typical operation that processes lithium bearing spodumene mineralisation into Lithium hydroxide would normally deliver almost 90% of the spodume concentrate to waste. Neometals will turn that waste into zeolite and turbo charge the economics of its hydroxide plant in the process.

Hot Chili has reported a lovely set of shallow, high grade numbers from a drilling program at its El Fuego copper project in central Chile. Assays show intersections up to 12m going 1.5% copper from just 28m down-hole and 8m @ 2% copper from 124m at the Valentina prospect. Surface rock chip sampling has defined anomalous copper mineralisation over at least 700 metres now at Valentina.

Venus Metals has reported some very encouraging results from metallurgical testing of its oxidised vanadium ores at the Youanmi project near Sandstone. The work showed impressive recoveries of up to 70% vanadium from simple acid leaching which also recovered valuable nickel, copper and cobalt credits. The company will now commence a drill program to prove up the oxidised mineral resource and provide samples for more metallurgical work.

Pharmaust will complete preliminary clinical trials on dogs in the coming weeks to help determine the required dosage for its newly reformulated Monepantel tablets and to confirm that it is non-toxic. The company will also start a Phase I “pharmacokinetic study” with the new tablets during the fourth quarter and it will also follow this up with initiation of its long awaited Phase II clinical trials.

Volt Resources has received the key Environmental Impact Assessment certificate for its Bunyu graphite project, which is the final pre-requisite for the grant of a mining licence over the promising project in south Tanzania. The company already has two binding offtake agreements in place and plans to raise up to USD$40m through a resources-based notes issue that could underwrite the Stage 1 development.

Southern Gold’s project generation strategy for pinpointing epithermal gold and silver targets in South Korea is starting to bear fruit with the company outlining its fourth new project acquisition at Neungju. Recent rock chip sampling at the project produced grades up to 20.3g/t gold and 13g/t silver and follow on from the discovery of 18g/t gold and 270g/t silver rock chips from the historical Sonbul gold mine nearby.

Great Southern Mining has paid $145,000 in a deal that will allow the junior explorer to pick up 4 exploration licences, within 15km of its Mon Ami project near Laverton in W.A. The new tenements are just 25km trucking distance from Gold Field’s Granny Smith gold operation, opening up the future possibility of toll treating the ore if the company is successful on the hunt in the area.