Public Company News

St George Mining has intersected nickel-copper sulphide mineralisation that extends known zones of high-grade mineralisation at the Investigators prospect within its Mt Alexander base metals play near Leonora in WA. The drilling includes a top intersection of 15.1m of sulphide mineralisation from 172.2m down-hole in an area where there has been very limited drilling to date.

MGC Pharmaceuticals has added another notch to its belt with 100 patients that have been prescribed or are being processed to receive prescriptions of its medical cannabis-based pharmaceutical products in Australia. The company has also extended its local reach after Tetra Health, who assists medical professionals and patients to obtain safe access to medicinal cannabis products, added MGC’s products to their product range.

Lithium Australia has hit another milestone on its road towards recycling lithium-ion batteries with the successful production of lithium phosphate from mixed metal dust derived from waste battery electrodes. The company is currently in the process of using this lithium phosphate to produce lithium-ferro-phosphate cathode powder that will then be used to manufacture coin cells for testing.

BlackEarth Minerals’ ongoing test work has confirmed that spherical graphite produced using concentrates from its flagship Maniry project in Madagascar, meets specifications required by lithium-ion anode manufacturers. Additionally, the test work by German testing outfit, Dorfner ANZAPLAN, has achieved production yields of up to 52%, well above the industry average of around 40%.

Surefire Resources is finalising a drilling program to test anomalous zones of gold mineralisation previously identified within greenstones at its Victory Bore project located near Sandstone in Western Australia’s Mid-West region. Previous drilling in the 1990s defined a gold-in-soil anomaly about 4.4 kilometres long and up to 750 metres wide with a top intersection of 8m @ 10.2g/t gold from just 20m down-hole.

Venus Metals and Rox Resources have commenced a 5,000m aircore drill program at their Venus JV near the topical Penny West gold mine in the Youanmi region. The companies are targeting a prominent magnetic low identified by an airborne survey which includes the historical Penny West gold mine, the historical Magenta and Columbia prospects and Spectrum Metals’ recent Penny North discovery.

Strike Energy has inked a fourfold increase in the net reservoir within the secondary objective Wagina sandstone to 10.2 metres with porosities of up to 14% at its multi-target West Erregulla-2 well in the Perth Basin, Western Australia. The company said this compares favourably to the nearby producing Beharra Springs fields, which flowed up to 38 million cubic feet of gas per day from a 10.4 metre net gas reservoir in the Wagina sandstone.

Northern Minerals has signed an offtake agreement with German raw material distributor thyssenkrupp Materials Trading for the purchase of all heavy rare earth carbonate produced from its Browns Range pilot plant project near Halls Creek, WA. The offtake agreement will commence immediately, with all current stockpiled product and future production included in the agreement.

Black Rock Mining’s Mahenge project in Tanzania has successfully produced spherical graphite that exceeds industry standards for battery anode materials with yields of up to 53% and purity of 99.98% TGC during a large-scale trial in a commercial environment. The results are higher than Chinese industrial benchmark yields of between 35% and 45% and purity of 99.5% TGC and replicate results achieved during laboratory testing.

MGC Pharmaceuticals has received the green light to start construction of its large scale, GMP compliant medical cannabis production facility in Malta that will increase its existing production capacity after signing a long-term lease agreement for the 6,000 square metre site. The site works for the facility will commence immediately and the company plans to start construction of the multi-storey building during the current quarter.

Buru Energy has observed hydrocarbon shows after intersecting the secondary target Anderson Formation at its Adoxa-1 conventional oil exploration well in the Canning Basin, Western Australia. The significance of these individual sand bodies with hydrocarbon shows in cuttings samples will be evaluated with wireline logs once the well is completed to its total planned depth of 2,200m.

Sovereign Metals’ new Wofiira rutile prospect in Malawi just got interesting, with analyses of the titanium-rich ore concentrate showing the products are likely suitable for all major markets, including the chloride pigment, titanium metal and welding flux sectors. Metallurgical studies show that the ores have a favourable particle grain size distribution, comparable to other leading natural rutile products in the market.