Public Company News

Classic Minerals has produced more high grade drilling results from exploration at its Kat Gap and Lady Magdalene gold prospects, near Southern Cross in W.A. A new zone of gold hosted in granite was outlined at Kat Gap and returned results up to 8m @ 7.14g/t gold from 82m down-hole and it is open along strike. The company also reported a result of 0.23% lithium oxide from pegmatite sampling.

Coolgardie Minerals has reported strong investor support for its IPO that closed last week after the company easily raised in excess of the $4m it needed to get its flagship Geko gold project underway near Bullabulling in the Goldfields. The company will now further explore the project and look to create an early cashflow from it by investigating what toll treating options might be available.

Move over RCF and Orion Mine Finance, there’s a new kid on the block with $100m to plough into mining investments. Ibaera Capital is applying a new paradigm to its private equity offering, combining the $100m it has available with its top-notch team of geologists to turn undervalued exploration plays into bonafide mines. Its first investment is into ASX listed Azumah Resources’ Wa Project in Ghana.

DroneShield will help create a new version of Intelligent Security Integration’s flagship Rapid Scout HQ vehicle that could be the first non-military vehicle with a suite of counter-drone multisensory detect and defeat solutions. Rapid Scout HQ vehicles and their associated Rapid Scout surveillance sensors are designed for use where traditional CCTV has limited or no coverage.

St George Mining has successfully drill targeted high grade nickel-copper sulphide ores at the Investigators prospect, 100km west of Leonora in the northern Goldfields region of Western Australia. A 7.55m intersection of disseminated and massive sulphide mineralisation was intersected after a strong off-hole EM conductor suggested it was there. Preliminary XRF assays average an exceptional 8% nickel and 7% copper in the massive sulphides.

Ironbark Zinc has chartered the world’s largest icebreaking ship to demonstrate its proposed logistical solution and validate the shipping route for its giant Citronen zinc project in Greenland. It has also received an encouraging level of interest from a broad range of potential investors and is arranging site visits as part of the due diligence process.

Tyranna Resources has been steadily increasing its equity in the Western Gawler Craton JV with partner WPG Resources who owns the nearby Challenger gold mine. The parties are now in discussions about toll treating ore from their Jumbuck project at Challenger, creating a possible fast track to production for the junior explorer Tyranna. Drilling will commence at the Campfire Bore prospect soon ahead of a feasibility study.

Western Australia’s proposed Lithium Valley concept that could see Western Australia grab a larger share of the $213bn lithium-based battery value chain is under threat from the Federal Government’s proposed moves to limit R&D funding. Limiting the annual R&D rebates to $4m could make Australia noncompetitive with other parts of the world, according to Lithium Australia.

BlackEarth Minerals has reported consistently high grade assays and wide ore thicknesses from a resource definition drilling program at its Razafy graphite prospect in southern Madagascar. Results of up to 42m @ 7.1% total graphitic carbon from 4m down-hole, included 7m @ 10.7% TGC from just 18m. Geological data and results are being collated ahead of a maiden resource estimate due in August.

Venus Metals has announced exceptional upgrades from preliminary metallurgical test work on vanadium ore samples taken from its Youanmi project in the Murchison region of W.A. Results show that vanadium pentoxide grades effectively double from about 0.7% in-situ to 1.4% with simple crushing and magnetic separation of ore composites into concentrates. The company reports that ongoing test work is underway to increase recoveries of vanadium, titanium and iron.

ASX listed security surveillance company Spectur has started to receive sales orders for its unique thermal, solar powered security cameras. The company said this week that it had received its first thermal camera order from an international logistics company based in Victoria. Significant interest has also been flooding in from other Tier 1 companies and Spectur has now started commercial manufacturing of the cameras.

Southern Gold has been granted two interesting looking exploration tenements over the large Beopseongpo gold-silver epithermal target in South Korea’s Jeolla Province, which hosts the operating Eunsan-Moisan gold mine. Recent rock chip sampling at Beopseongpo, which has a strike length of 4km, returned grades of up to 21.8g/t gold and 19g/t silver from float material and 3g/t gold and 1g/t silver from outcrop.