Public Company News

Artemis Resources has completed its 70% earn-in on the Munni Munni JV tenements, located 40km south of Karratha in the Pilbara region of W.A. Whilst the area contains Australia’s largest palladium occurrence, the JV partners are initially targeting the under-explored gold potential of the area. A geological review by Artemis has identified the prospectivity for structurally-hosted, hydrothermal and/or detrital-conglomerate gold mineralisation within the JV tenements.

Greenland Minerals has executed an MoU with major shareholder, Chinese global rare earths player Shenghe, to develop the flagship Kvanefjeld project in Greenland. The agreement covers off-take, sales and marketing of rare earth products and strategic project progression going forward. The partners have agreed to flexibility in off-take arrangements for the project’s output, being either rare earths in chemical concentrate or rare earths in mineral concentrate.

DroneShield’s entire suite of anti-drone products has been placed on the GSA Schedule, allowing US Government agencies to purchase its drone combating products at pre-negotiated prices and purchase terms without going through a competitive process. Its products have also been placed in the GSA advantage catalogue which allows authorised Governmental employees to purchase them online.

Ironbark Zinc has received a study indicating that there is valuable “germanium” present in the lead minerals at its Citronen project in Greenland and that the metal is likely to be part of the planned lead concentrate. The study by the University of W.A indicated that germanium is associated with the pyrite and the company is planning to carry out further test work to determine if the grades are payable.

Vonex’s registered cloud based PBX users has risen 28% year-on-year to 24,000 users at the end of July 2018 up from 18,700 in 2017, derived mainly from Channel Partner sales. The company has started a trial marketing campaign in south-eastern Queensland to gather information ahead of a launch across major Australian capital cities in October 2018.

The latest drilling results from Azumah Resources’ Wa East prospect in north western Ghana have confirmed the overall prospectivity of the region and will most likely have positive implications for future increases in mineral resources and ore reserves at the broader Wa gold project. Results up to 2.44m @ 7.12g/t gold from 106m and 20m @ 1.44g/t gold from 121m in the same hole, have extended mineralisation by 80m.

ASX listed Northern Minerals has brought its Browns Range pilot plant project in W.A.’s Kimberley region to mechanical completion and has produced about 100 tonnes of xenotime concentrate for commissioning into the hydrometallurgical plant. The company can now start production of export quality rare earth carbonate, making it the only significant dysprosium and terbium producer outside of China.

Calima Energy has raised $25m through an oversubscribed two tranche private placement of 462.97 million shares priced at 5.4c each to fund its upcoming drilling campaign in the revered Montney oil and gas play in Canada. The placement was corner-stoned by Australian boutique fund manager Tribeca Investment Partners, who has also agreed to arrange a project development finance facility of up to $40m.

Research house EverBlu Capital has set a price target of 17c a share for aspiring copper producer Hot Chili, based on its 80% ownership of the flagship Productora copper project in Chile. EverBlu says the $30m company could be worth as much as AUD$511m if Hot Chili could process a higher-grade ore blend, by incorporating 10% of its annual sulphide ore feed from small satellite copper mine deposits currently being developed by the company.

Terrain Minerals has outlined a number of new gold exploration targets on its Wild-viper exploration licence that completely surrounds its Great Western gold project, north of Leonora in W.A. The company will shortly commence reconnaissance geological mapping and soil sampling programs over the areas of interest. Terrain also said this week that drilling results from its RC drill program at the Red Mulga exploration play near Geraldton are imminent.

Artemis Resources’ JV partner Novo Resources has shown that a highly prospective gold-bearing conglomerate unit strikes for at least 1.2km at the Purdy’s Reward project near Karratha. Recent field work has located fault structures and a distinctive mafic marker horizon that control the distribution of gold. The JV partners are presently diamond drilling at Purdy’s Reward and preparing to take bulk samples of the deposit.

Strike Energy’s Jaws-1 horizontal coal seam gas well in the Cooper Basin of South Australia, is currently flowing water at a rate of about 1,100 barrels per day and rising with the electric submersible pumps operating near their lowest setting. This indicates significant reservoir inflow from the targeted Vu Upper coal seam and the company will continue to ramp up water production until sustained operations are achieved.