Public Company News

Venus Metals has announced some excellent upgrades and recoveries from metallurgical test work on fresh ore composites from its Youanmi vanadium project in the Murchison region of W.A. Results showed that vanadium pentoxide grades from a select sample nearly doubled from about 0.7% to 1.34% via simple crushing and separation of a magnetic concentrate. Further test work is underway to improve the overall recovery of vanadium.

Aspire Mining’s 80%-owned subsidiary Northern Railways has secured an 18 month extension from the Mongolian Government to meet the remaining conditions for its Erdenet to Ovoot Rail Concession Agreement. The company is targeting completion of the Definitive Environmental Impact Assessment and Management Plan and land use agreements by the June 2019 quarter and it will also look to have funding in place by then.

Calima Energy’s review of horizontal drilling in the Canadian Montney oil and gas formation has left it confident that its planned wells will match the best practice of other successful operators in the region. The company plans to kick off drilling in December with one vertical well before drilling two horizontal wells that will be fracture stimulated and then production tested for 4-6 weeks.

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.