Public Company News

Lithium Australia has announced consistent grades of lithium in three diamond drill holes completed at its emerging Sadisdorf project in eastern Germany. Results include 78.51m @ 0.51% lithium oxide from 78.49m and 68.76m @ 0.51% lithium oxide from 211.49m down-hole in the same hole. Other results of 19.74m @ 0.65% tin from 83.42m down-hole and 15.97m grading 0.5% tungsten were also recorded from the polymetallic deposit.

Hammer Metals’ diamond drilling has returned a near surface intercept of 14m @ 5.93g/t gold and 2.19% copper including 5.5m @14.5g/t gold and 6.87% copper at the Jubilee prospect within its Mt Frosty JV near Mt Isa in Queensland. Fresh sulphide mineralisation samples from the drilling will be used for preliminary metallurgical studies to determine copper, gold and cobalt recoveries with results expected soon.

ASX listed BlackEarth Minerals has made an exceptional near-surface intercept of 81.8 metres grading 6.1% total graphitic carbon at the Haja prospect in southern Madagascar that raises the likelihood of a resource upgrade. Further assays from the 26 hole program are expected to be received soon and the company expects to release a maiden JORC-compliant resource estimate for Haja soon.

Reedy Lagoon has received some very encouraging results from a subsurface 3D geophysical survey at its Clayton Valley project in Nevada, USA. The survey shows an intriguing, 200m thick, conductive mass, starting from about 250m vertical depth, which the company says could represent multiple lithium-rich brine aquifers. The project is directly adjacent to Albemarle’s Silver Peak mine, which is North America’s only producing lithium brine operation.

Drilling at Calidus Resources flagship Warrawoona gold project near Marble Bar in the east Pilbara has returned absolute surface gold hits including 8m @ 3.9g/t gold from 0m at the St George Shear prospect. St George has similar geology and gold mineralisation to the highest‐grade lodes across the Klondyke Main Shear and the company is carrying out infill drilling now.

Geopacific Resources has increased its effective interest in the promising Woodlark Island gold project in PNG to 93%. The company recently achieved its second tranche milestone with project JV partner Kula Gold Limited, of which Geopacific owns an 85% stake. On site, the company is continuing its extensive soil sampling program, which has outlined multiple targets and a DFS is also well underway.

ASX listed Pharmaust is preparing to carry out phase II clinical trials on dogs for its anti-cancer drug Monepantel, expected to kick off in quarter 4. Data from the canine phase II trial will be combined with lab tests to confirm Monepantel’s effectiveness at killing selected human tumour cells to form the basis for clinical trials in humans.

Hammer Metals is on a roll in QLD after the small cap explorer identified a second high grade copper zone with significant gold values at its new Judith prospect, part of the company’s emerging Perentie project, near Mount Isa in Queensland. Surface rock chip assay results up went to 25% copper and 7.23g/t gold at Judith and were located only 800m north of the Paddy B prospect.

Volt Resources has signed a cooperation agreement with HAIDA Graphite, one of China’s largest graphite companies. The agreement could lead to a future deal on the supply and purchase of graphite product from the Bunyu project in southern Tanzania. The company has also lodged an amended prospectus for its USD$40m note issue in Tanzania that includes the recent Stage 1 Feasibility Study results and a binding offtake agreement.

Australian Potash has announced it has successfully transferred brine from a pre-concentration pond into a salt harvesting pond at its Lake Wells sulphate of potash project, located near Laverton in W.A. The company will produce 250kg of refined trade samples for delivery to its MoU off-take partners during the 4th quarter of 2018. The ongoing test work will feed into the company’s DFS.

ASX listed Tyranna Resources is acquiring a cobalt and base metals project at the historic Goodsprings mining district near Las Vegas in southern Nevada that contains multiple copper, zinc, lead, gold and cobalt mines. The company plans to apply modern exploration and mining techniques to the project, where mines historically produced about 20 tonnes of ore with reported grades of between 6% and 29% cobalt in the 1920s.

ASX junior explorer Emu NL is planning to search for silver mineralisation at the Vidalita prospect in northern Chile after drilling indicated it is similar to other deposits in the Maricunga Belt that have large gold resources and significant silver credits. Follow-up drilling will also target the large zones of low grade base metal mineralisation – particularly zinc – that was outlined in the previous campaign.