Public Company News

Kalia Ltd has received $3m in funding from major supporter, Tygola, to accelerate exploration at its exciting Tore Joint Venture on Bougainville Island, where it has delineated numerous copper-gold porphyry systems from geophysical interpretation for follow-up work. The field programs aim to define and prioritise its maiden drilling targets, with the campaigns expected to kick off next year.

BlackEarth Minerals will rely on Chinese metallurgical expertise to help it develop a processing flowsheet and finalise all engineering due diligence for its evolving Maniry graphite project in south western Madagascar. A two-stage test work program has been designed and will conclude the final stages of technological, economic and environmental due diligence for the Australian company, who is looking to establish a world-class graphite operation in Africa.

PolarX has unearthed visible sulphides within porphyry-style mineralised vein sets and associated hydrothermal alteration in the first 300 metres of a drill hole at its Mars porphyry copper/gold target in Alaska, USA. Previous surface geochemical sampling at Mars recorded anomalous gold, copper and molybdenum and the company is now eagerly awaiting assays to confirm the tenor of the porphyry-related mineralisation.

Hammer Metals has appointed veteran mining executive, Dan Thomas, as its new Managing Director who brings with him an extensive background in project management, corporate development, business improvement, mergers and acquisitions across multiple resource sectors. Mr Thomas will assist the company to progress its separate mineral discoveries in Queensland’s Mount Isa district and WA’s prospective Yandal belt.

ClearVue Technologies has provided a comprehensive market update for its unique, transparent, solar glass window technology that includes detailed safety certification test work and the development of a range of solar PV strip modules to maximise size options and minimise production costs. The company is also working closely with industrial outfit, Mirreco, to develop that company’s “eco mini-home”, that showcase ClearVue’s solar windows.

Hot Chili has extended the thick, high-grade copper-gold core of mineralisation at its Cuerpo 3 deposit at the Cortadera porphyry discovery in Chile with a massive, 350 metre intersection grading 0.6% copper and 0.2g/t gold. The company recently completed a $12.1 million capital raise to help it develop what it says is one of the South American country’s most significant copper-gold porphyry finds of the past decade.

Legend Mining is upping the ante at its growing Rockford base metals project in Western Australia’s Fraser Range after completing a low-frequency electromagnetic survey of the high-priority Area D prospect. The company also returned positive RAB drilling results which have expanded the mineralised nickel-copper-cobalt footprint at the exciting target.

King River Resources has outlined an update on its PFS work for the Speewah specialty metals project in the Kimberley region of WA, where it recently flagged a potential capital cost reduction by USD$152m to USD$524m. According to recommendations by consulting firm Como Engineers, the reduction could be achieved by reducing mining rates that are more aligned with a standard-size acid plant leaching circuit.

Infinity Lithium has received strong support for its Spanish lithium project from the EU Commission’s VP in his keynote speech at the European Battery Alliance conference in Belgium. The EU is keen to capture some of the forecast €250b lithium market value and said that €20b would be made available for European lithium project development through the Battery Investment Platform.

Hawkstone Mining has produced a maiden mineral resource estimate for its Big Sandy lithium clay project located in Arizona State, USA, totalling 32.5 million tonnes grading 1,850 ppm lithium, for 320,800 tonnes of lithium carbonate equivalent. Lithium Carbonate is currently selling for around AUD$15,500 per tonne. Hawkstone’s resources cover just 4% of the project area and the company said there is still excellent potential to expand these with drilling.

Australian Potash has revealed that a scaled-down version of its brine concentration and potash salt crystallisation pond system has underlined the expected low-cost of the pond construction at its Lake Wells SOP project near Laverton, WA. The company recently constructed a pre-concentration brine pond and declared the trial a success, saying it performed as expected with seepage rates that will result in higher salt crystallisation.

Okapi Resources has secured an option to earn a 50% equity right in the highly prospective and underexplored Tendao gold project, located adjacent to numerous multi-million ounce gold mining operations in central Africa. The project is situated in the highly endowed Kilo-Moto greenstone belt, less than 100km southeast of Barrick Gold’s world-class Kibali mine that produced 800,000 ounces of gold during 2018.