Public Company News

Venus Metals’ farm in partner Lepidico has intersected lithium mineralisation during drilling at one of the company’s Youanmi project tenements in the Murchison region of W.A. Lepidico reported rock chip samples up to 1.71% lithium oxide from outcropping pegmatites on the ground and has secured an option to earn up to 80% of the lithium rights on the licence located 20km from Venus’ Youanmi gold operation in W.A.

ASX listed Hammer Metals has discovered a new high grade zone at its Perentie project in Mt Isa, Queensland, with rock chip samples returning up to 46% copper and 0.6g/t gold. The Susan prospect now takes the mineralised trend up to more than 3.4km. The company has also identified a fourth mineralised zone on a separate but parallel structure about 2.7km southeast of Paddy B.

Sky and Space Global has signed a binding MoU with South American internet service provider, Foundation Busie Suriname, that could lead to the provision of affordable internet and online connectivity services in that region. The agreement includes a commitment by FBS to utilise a minimum number of devices and services along with the option to scale the commitment up to meet its requirements.

Greenland Minerals has reached an important milestone, submitting its updated environmental impact assessment for the Kvanefjeld rare earth project. The assessment aims to mitigate, eliminate or minimise negative environmental impacts throughout the initial 37-year mine life at the project. The company plans to meet shortly with senior Government officials to discuss timing of the pubic consultation period.

Coolgardie Minerals has commenced open pit mining at its flagship Geko gold project near Coolgardie in the Goldfields region of W.A. The company listed on the ASX this week after it closed out an over-subscribed IPO in July, that put over $4m in its coffers. It will now look to create an early cash flow position from the mine by investigating toll treating options.

Adriatic Metals will increase its land holdings at the exciting Vares project in Bosnia after local municipal authorities approved the company’s request for major expansions to its existing concession agreement over the Veovaca and Rupice prospects at its 100% owned Vares base metals play. At the Rupice project, the expansion includes land immediately north of a 66m wide, high grade intersection of gold, silver and base metals reported by Adriatic in July.

ASX listed Ironbark Zinc has moved to prove up the viability of shipping ore from its Citronen zinc project in Greenland following the arrival of the contracted Nunavik icebreaking cargo ship at the site in the country’s north. The ease with which the Nunavik achieved this goal has increased the company’s confidence in being able to operate the project as a regular mine despite its relatively remote location.

CVCheck has added $5m in annual top line revenues in just two short years as regular and recurring demand for its CV and resume checking services from a stream of serious corporate clients starts to hit the company accounts. Revenues booked in FY18 were $12.5m , up from $7.1m in 2016. The tech company is now hurtling headlong towards that magical breakeven mark.

Galena Mining’s drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results up to 5.5m @ 16% lead and 22g/t silver from 291.9m down-hole and 6.1m @ 8.1% lead and 11g/t silver from 327.9m reported in the same hole. The campaign is proving up mineral resources that will be incorporated into the company’s PFS, due for release late this quarter.

Hot Chili has reported more shallow, high grade copper drilling results from its RC drill program at the El Fuego project area in central Chile. Assays showed intersections up to 9m @ 2.0% copper from 132m down-hole and 16m @ 1.1% copper from 93m down-hole at the San Antonio copper mine prospect. The ore system strikes for almost 700m, to a depth of 200m and plunges shallowly southwards.

Aspire Mining has secured a $15m financing package that will support the early development of its flagship Ovoot coking coal project in Mongolia where Aspire is looking to truck coal from a starter pit to the existing rail head at Erdenet. Cash flows from the project could begin within 12 to 15 months once all approvals are received, funding is committed and a decision to mine is made.

ASX listed Lithium Australia has received approval from the W.A. state Government to recover material from mine dumps at its Lepidolite Hill project near Coolgardie for a proposed large scale lithium carbonate pilot plant. The company plans to use X-ray transmission ore-sorting to pre-concentrate lepidolite from the waste material before transporting it to the plant location.