Public Company News

MGC Pharma has stepped up its offering in the multi-million-dollar cannabis-based skincare market, launching its second marijuana-infused dermatological product “CBD Herbal Replenish Cream” aimed at treating inflammatory skin conditions. The release of the company’s skin repair product comes after successful clinical tests in Europe. It is the second of three products in MGC’s cannabis skincare range.

BlackEarth Minerals is nearing completion of its maiden drill program at the Maniry project in Madagascar and will report a JORC-compliant resource by the end of June. The program has outlined two continuous graphitic lenses 900 metres long and up to 50m thick from surface. The company is undertaking comprehensive mineralogical and metallurgical test work programs to determine the quality of its defined graphite product.

Myanmar Metals has hit a 23m drill intersection in Myanmar that is brimming with lead, zinc, copper and silver with excellent grades. The company is now compiling its highly anticipated maiden JORC- resource for the project. Last week the company received Government advice allowing it to proceed with the exercise of the Bawdwin option, where it will acquire 85% of the project.

There’s more to Ironbark Zinc than just the giant Citronen zinc project in Greenland, with the company and heavyweight joint venture partner Glencore lifting the pace of exploration at their high-grade base metals project in NSW. The companies are about to fly a high-tech EM survey at the Captains Flat project near Canberra, where drilling has already produced exciting base metal hits.

Draig Resources has grown its holdings in the northern Goldfields by over 2,000 square kilometres in a mining district well endowed with gold and base metals. Historical exploration was largely ineffective due to poor outcropping and masking cover that downgraded the potential. The company believes there is great opportunity for the discovery of new mineral resources on the new tenements.

King River Copper has secured two new tenements in the underexplored Tennant Creek copper-gold belt in the Northern Territory. Its extensive 6,634km2 tenement holding is highly prospective for iron oxide copper gold deposits similar to Westgold’s Rover 1 project nearby. The company is awaiting grant of its remaining applications and it is collating drill programs to target priority positions later this year.

Metallurgical testwork shows Galena Mining’s Abra deposit is not only one of the world’s most significant undeveloped lead-silver deposits in terms of tonnes and grade, but it also has the mineralogy to produce clean, high-grade concentrates. New testwork for the PFS shows lead recoveries of 90% plus and concentrate grades of more than 72%, well above the typical quality of other operating mines says Galena.

The historic Wiluna gold project never fails to surprise the market with the latest drilling by Blackham Resources uncovering multiple extensions of high-grade shallow mineralisation right on the doorstep of the rejuvenated mill. The company said it was working on another upgrade of resources and reserves after a string of gold hits, including 16m at 4.41 g/t from just 2m below the surface.

The election of a new pro-mining Government in Greenland might just be the enabler required for Greenland Minerals to fast track its massive rare earths and uranium project into production. The incoming Government has specifically expressed its support for developing Greenland’s rare earths and uranium riches, the largest and most advanced owner of which is Perth based Greenland Minerals.

Shares in Azumah Resources have jumped by more than 50% on spectacular gold hits from its Wa project in Ghana, including 44m at 5.37 g/t gold. The West African-focused explorer believes a new geological model has led it to a high-grade oreshoot that could plunge to extensive depths and may lead to a material upgrade in resources. The company has enough funding to find out too.

Neometals has announced it has mined a bulk sample of high grade titanium-vanadium ore from its Barrambie project for dispatch to metallurgy research institutes in China. The material selected is potential ore feed for a future direct shipping operation and samples will undergo extensive beneficiation and pyrometallurgical test work to confirm the optimal processing pathway ahead of offtake pricing negotiations with the Chinese.

Australian Potash has announced the appointment of Jay Hussey to the position of Chief Commercial Officer to take charge of the company’s DFS for its Lake Wells potash project near Laverton. Mr Hussey is a fertiliser industry executive, having served 10 years as VP of China’s Migao Corporation. He has an extensive background in potash marketing, supply contracting, off-take and JV negotiations.