Public Company News

Rox Resources will start poking holes in its exciting looking portfolio of WA-based gold projects in the northeastern Goldfields next quarter with a view to proving up new mineral resources in the under-explored region. The company already holds 89,000 resource ounces at its Mt Fisher project and confidently expects to grow this with a full revision of historical data and a focussed work program.

BlackEarth Minerals has received another outstanding set of high grade graphite assays from its surface trenching program at the Ianapera project located in southern Madagascar. Best results included 14m grading 10.36% total graphitic carbon, which incorporated 2m @ 23.9% TGC and 2m @ 10.9% TGC. The trench samples approximate the true width of the mineralisation and outline the potential for a significant resource tonnage.

Tyranna Resources has defined an updated mineral resource of 762,000 tonnes grading 1.8 grams per tonne gold, or 43,100 contained ounces, below the existing open pit at its Eureka gold project near Kalgoorlie. The resource remains open along strike to the north, south and at depth. The company plans to carry out near mine drilling, starting with the southern mining leases, to test for the mineralised potential.

Europe’s shift from a reliance on fossil fuels has resulted in a corresponding increase in its sustainability and carbon footprint requirements. This has brought into focus the need for a strategic local supply chain for the manufacture of lithium-ion batteries in its expanding EV market. Infinity Lithium’s Spanish San Jose project, where the company aims to mine, process and refine lithium chemicals, could potentially benefit from these changing obligations.

Altech Chemicals continues to make good progress on the stage one construction of its high purity alumina, or “HPA”, processing plant in Johor, Malaysia, with initial site establishment activities now complete. The company recently appointed Macquarie Bank as the preferred mezzanine lender for the HPA plant. Completion of the mezzanine facility is conditional on the outcome of due diligence that is currently underway.

ASX-listed Calidus Resources has appointed Paul Brennan as its Chief Operating Officer to assist with the development of its flagship Warrawoona gold project in WA, which is moving towards the release of a pre-feasibility study in the third quarter of this year. The company is planning to start drilling of untested regional anomalies in the next two weeks.

Kalia Limited’s geophysical interpretation of airborne data collected over its Mt Tore JV tenements on Bougainville Island has generated 64 exploration targets, with 12 priority positions identified as potential intrusive complexes and pathways for copper/gold mineralisation. The company is presently conducting on-site ground geological reconnaissance, with drilling on priority targets expected to commence next quarter.

With a breakthrough product that is already generating revenue and more products in the pipeline, regenerative medicine company Koligo Therapeutics is pitching its unique offering ahead of a proposed $6m listing on the ASX. Its “Kyslecel” product for patients suffering from chronic or acute recurrent pancreatitis has already been used for 22 procedures since commercial sales started in November 2017.

Geopacific Resources will secure full ownership of the flagship Woodlark gold project in PNG by paying JV partner Kula Gold AUD$3.25m for the remaining 7% of the project it does not already control. The timing is quite strategic, with gold prices sitting 10% above the company’s base case scenario used in last year’s DFS for Woodlark, which delivered robust economic and technical outcomes for the project.

Tyranna Resources’ in-pit drilling at the Eureka gold project near Kalgoorlie has returned a 5 metre intersection grading 25.6 grams per tonne gold at depth that ended in mineralisation. The company said that more than a third of the 23 holes drilled returned ore grade intersections, with four of those holes ending in mineralisation. The results will be included within an updated resource model for the Eureka project.

BlackEarth Minerals has received an outstanding set of high grade graphite assays from its maiden surface trenching program at the Ianapera project located in southern Madagascar. Best results included 18m grading 22.1% total graphitic carbon, which included 8m @ 32.7% TGC and an incredible 2m @ 46% TGC. The trench samples approximate the true width of the mineralisation and outline the potential for a significant resource tonnage.

Nickel explorer St George Mining has identified several priority drilling targets at the promising new Fairbridge prospect of its Mt Alexander project near Leonora, WA. The new targets have electrically chargeable signatures that are consistent with sulphide mineralisation and may also be associated with surface nickel-copper sulphide gossans. Drilling at Fairbridge is expected to commence next week.