Public Company News

Tyranna Resources has discovered wide graphite mineralisation at sought after grades at the Yeltana prospect located only 125km from the port of Whyalla in South Australia. Results up to 21.05m @ 9.28% total graphitic carbon from 171.75m down-hole points to the deposit potentially having some scale. The company is planning to undertake mineralogical analyses of core samples for graphite flake size to assess the economic potential of the product.

ASX listed Kairos Minerals’ ongoing exploration at its Croydon project in the Pilbara region of WA has extended the strike length of the gold bearing conglomerate to over 4km after discovering visible gold in stream sediment pan samples. Further exploration being carried out includes additional stream sediment sampling, metal detecting, detailed mapping and stratigraphic RC and diamond drilling.

Calima Energy is poised to benefit from Shell’s decision to proceed with its massive CAD$40bn Canadian LNG project in British Columbia that will source gas from the Montney oil and gas formation to produce an initial 14 million tonnes of LNG per annum. Calima is planning to start drilling one vertical well in the Montney to provide data and two horizontal wells that will be placed on extended production testing before the end of this year.

BlackEarth Minerals’ final assays from drilling at the Haja deposit in southern Madagascar continue to demonstrate very thick and consistent zones of graphite mineralisation. A maiden resource estimate is due to be released next month after the company hit a 90m intersection grading 5.7%TGC. BlackEarth is in the final stages of planning a trenching program expected to start later this month.

St George Mining has reported that recent down hole electromagnetic surveying at the Investigators prospect has outlined several strong, new off-hole conductors that it considers highly prospective for defining massive nickel-copper sulphide mineralisation. The new conductors are located down-plunge of a previously intersected mineralised ultramafic rock sequence and may indicate the potential for a significant extension to the narrow, but high-grade mineralisation previously located at Investigators.

Coolgardie Minerals has reported that the initial grade control drilling program conducted from surface at its Geko gold mine near Bullabulling, returned a number of significant intersections grading above 4g/t gold that have extended the high grade supergene oxide mineralisation beyond the limits of the current pit design. The company will produce its first gold ore later this month, to be delivered to Northern Star’s South Kalgoorlie plant for toll treatment.

ASX listed Blackstone Minerals’ phase two IP survey has identified new large-scale cobalt targets at its Little Gem project in British Columbia that are bigger and stronger than the anomalies found during the first phase. The new targets, which are more than 1km long, are associated with the previously producing “Jewel” gold-silver-copper mine located 1.1km northeast of Little Gem.

Nzuri Copper has extended its copper mineralisation to over 270m of strike and a vertical depth of 150m, after the latest drilling at its Monwezi 2 prospect in the DRC. Best results of up to 7.1m @ 0.82% copper from 73.9m down-hole were returned. Nzuri also generated an Exploration Target for Monwezi 2 ranging between 1.0 - 2.5 million tonnes grading between 0.8 - 1.5% copper.

Tyranna Resources’ stream sampling has identified two encouraging cobalt-copper-zinc anomalies at its newly acquired Goodsprings cobalt and base metals project in Nevada. The company will carry out a geophysics program later this month before drilling up to five holes at the Whale trend to confirm the oreshoot, intersect potential mineralisation and drill through the postulated east-west fault.

Lithium Australia has entered an agreement with a private exploration company to acquire 3 tenements at the Youanmi lithium project, located near Sandstone in the Murchison of Western Australia. Lithium-bearing pegmatites strike over almost 3km across the tenements up to widths of 200m where mapped. Rock chip sampling at the project has shown lepidolite-rich pegmatites with up to 4.2% lithium oxide and likely tantalum credits.

Canadian listed conglomerate gold specialist Novo Resources has completed an $8m acquisition of a prospective looking gold project in the Egina region, located south of Port Hedland in the Pilbara region of Western Australia. The company believes the tenements are prospective for conglomerate, alluvial and shear-hosted gold mineralisation. The transaction comes gift-wrapped with two granted mining licences surrounding the historical Womerina alluvial gold workings.

ASX listed Affinity Energy & Health, formerly known as Algae.tec, has developed a breakthrough algae-based fish feed product for the aquarist market that has a long shelf life and does not require refrigeration. Distribution partner Seachem Laboratories will promote the product to key international aquarist markets through its networks and it has already received a first bulk order.