Public Company News

Kairos Minerals is off and racing with a drill rig now churning away on a 1,500m RC program at the Iron Stirrup prospect, part of its flagship Pilbara Mt York gold project in WA. Iron Stirrup has a current resource of 1.07 million tonnes grading 1.94 grams per tonne for 67,000 ounces of gold and the drilling will target high grade shoots within the deposit.

Neometals lithium-ion battery recycling arm has successfully extracted a nickel sulphate solution with more than 99.9% purity in testwork that has far exceeded its scoping study assumptions. The company’s hydrometallurgical, patent-pending, battery metals recycling technology extracted a nickel product at a recovery rate of 98%. The work brings Neometals a step closer to a commercial-scale lithium battery recycling operation with a pilot plant due by the end of the year.

Perth-based South American gold miner, Troy Resources’ decision to closely focus on its exploration assets appears to be paying off with the recent discovery of a new style of mineralisation along strike from the Hicks 1 pit at its Karouni gold project in Guyana. The Hicks NW prospect has contributed around 19,000 additional reserve ounces and ongoing exploration continues to identify broad, shallow gold zones.

88 Energy is still on track to spud its 30%-owned Charlie-1 appraisal well at its Project Icewine on Alaska’s prospective Central North Slope by next February after successfully finalising a three way farm out agreement signed in August. The total gross mean prospective resource across the seven stacked targets to be intersected by Charlie-1 is 1.6 billion barrels of oil, with 480 million barrels attributable to 88 Energy, according to the company.

Lithium battery supply chain disrupter, Lithium Australia, is making significant inroads into the lucrative Chinese and Japanese battery markets following the successful first stage testing of its “lithium-ferro phosphate” battery cathode material. The company, through its wholly-owned subsidiary VSPC, is now looking to set up a supply chain in China during 2021 and another in Japan by 2022 as it meets growing demand from the energy storage and transportation sectors.

TSX listed Novo Resources is deciding what processing route to use for its Beatons Creek and Egina “nuggety” gold projects in WA’s East Pilbara by subjecting 10 tonnes of their combined ores to mechanical ore sorting. Around 5t of Beatons Creek’s and another 5t of Egina’s gravels have been shipped to a test facility in Perth, where they will be put through sorting trials during December.

King River Resources has wrapped up a drilling campaign at its high grade, Mt Remarkable project in WA and is now poised to provide more enticing assay results as the year draws to a close. The Trudi Main vein has again provided the goods for King River with 6 meters grading 5.95 grams per tonne gold from a very shallow depth of 20 meters downhole.

Kingwest Resources recent Menzies acquisition looks like it might provide a payday for the ASX listed junior with ounce plus hits spinning off the drill bit. Latest results include 0.3m grading 71.3g/t within a broader zone of 1.5m grading 14.33g/t. This gold hit is located an impressive 100m below the known mineralisation at the historic Lady Shenton mine, potentially extending the length by at least 100m.

Industrial technologist, Aurora Labs, is finding there is plenty of global market interest in its ground breaking, uber-fast RMP-1 metal 3D printer, with the company now in early negotiations with a number of industrial players wanting to know more about its printer’s capabilities. The WA outfit recently touched base with potential new clients at Formnext, the world’s leading additive manufacturing exhibition in Germany.

Two lengthy diamond drill intercepts at the Cortadera coastal range copper-gold discovery in Chile continue to reaffirm Hot Chili’s suspicions that it is sitting on a globally significant underground bulk tonnage copper gold operation. New results include 168 metres at 0.4% copper and 0.1 grams/tonne gold from 44m and a massive 334.1m at 0.5% copper and 0.2g/t gold from 654m.

High purity alumina pioneer, Altech Chemicals, could take the global electronics sector by storm once its HPA product starts being used to help dissipate heat in semi-conductors. The enterprising ASX listed outfit, which plans to mine aluminous clays in WA before sending it to Malaysia for processing, could see its niche mineral used in the production of epoxy moulding compounds employed by the semi-conductor industry to improve heat dissipation.

King River Resources’ plans for the development of its giant Speewah vanadium, titanium and iron deposit in the East Kimberley have received another economic boost in the form of positive metallurgical findings as the company continues to optimise its flowsheet ahead of a pre-feasibility study. King River is on a metallurgical mission to the recover high purity alumina, with an updated process showing impressive extraction rates in excess of 90%.