Public Company News

Legend Mining has discovered a second, larger nickel-copper mineralised intrusive of magmatic sulphides within a host rock similar to the famed Nova-Bollinger deposit, at its Rockford project in the Fraser Range. The new results cover an area of 300m by 100m, with shallow anomalous drill intersections up to 36m @ 0.39% nickel, 0.23% copper and 0.04% cobalt, containing disseminated sulphide mineralisation.

Kopore Metals has procured four new prospecting licences in a highly prospective region of the emerging Kalahari copper belt in Botswana. The cash and scrip deal gives Kopore full ownership of the tenements, which are adjacent to those held by major copper resource developer Cupric Canyon. Exploration in the newly awarded tenements is limited and provides an element of blue sky for the company.

Classic Minerals is back in the field at Forrestania near Southern Cross with lots of exciting gold targets about to be drill tested. The company has kicked off a 3,000 metre RC drill program that will target high grade cross-cutting gold lodes at the Lady Magdalene deposit and define resource extensions for the Kap Gap, Lady Lila and the newly discovered Van Uden West prospect.

Adriatic Metals has announced a spectacular drill intersection of 64m grading 4.6g/t gold, 537g/t silver, 0.9% copper, 7.7% lead, 10.8% zinc and 46% barite from its project in Bosnia. The result extends mineralisation 80m down-dip and 50m down-plunge of the original geological interpretation. The company also reported gold mineralisation up to 3.5g/t in grab samples from the historic JB Zone, 1km away.

Altech Chemicals has pointed to recent research reports that forecast significant uptake of high purity alumina from the lithium battery sector to suggest that its proposed HPA plant in Malaysia is well placed to take advantage of the HPA growth curve. HPA is used in lithium-ion batteries to separate the anode from the cathode. Demand from the battery sector is predicted to triple by 2025.

Algae.Tec has secured a funding facility of up to $7m from New York financier Magna to drive several near-term expansion and development initiatives aimed at commercialising its algae and medicinal cannabis divisions. It is also finalising the spin-off of its Uruguay medicinal cannabis interests into a wholly-owned subsidiary that will seek up to $10m via a public listing.

Infinity Lithium has announced positive results from a scoping study to produce a high value lithium hydroxide product from processing of its San Jose ores in Spain. The work provides flexibility for the company to tailor offtake products to end user specifications from its existing processing flowsheet. There is a strong demand for the lithium hydroxide product currently, driven by battery requirements from the electric vehicle industry.

Perth-based Epichem, a wholly owned subsidiary of ASX-listed biotech PharmAust, has received a contract extension with a leading US biotechnology company, Unity Biotechnology. The new contract, worth around US$1.65 million out to 2020, means Epichem will continue to provide synthetic and medicinal chemistry expertise to support Unity’s drug discovery projects.

Lithium Australia’s Eichigt project in Germany is looking a little more interesting after a second round of samples produced 1.47% cobalt and impressive lithium values from the same patch of ground. The rare double up of cobalt and lithium is contained in mineralisation not previously discovered in Saxony and augurs well for the company’s plans to supply battery metals to Europe.

Hot Chili has commenced drilling at its very prospective looking El Fuego copper targets in Chile, with assay results due shortly. The program is testing extensions of shallow, high grade copper lodes at the historical San Antonio and Valentina mines. The company has initiated underground mapping and sampling at San Antonio and recently completed regional reconnaissance mapping and sampling.

Kopore Metals has reported over 10sq kms of prospective base metal soil geochemistry at the recently identified KM3 airborne electromagnetic target at its Ghanzi West project in Botswana. Ground EM surveys have confirmed coincident conductors from 50m, generating a high priority location for upcoming drilling programs. The company is continuing its regional soil sampling programs across its tenements.

Australian Potash remains on track for development of its Lake Wells potash project as it progresses the approvals and permitting processes with two key areas of environmental fieldwork now complete. A final field program is planned for the third quarter of 2018 with an all encompassing Environmental Review Document to be submitted shortly thereafter.