Public Company News

Hot Chili has generated another large porphyry copper-gold exploration target called Cortadera North, located adjacent to its Cortadera project in central Chile. The target covers two square kilometres and is defined by a coincident geophysical induced polarisation chargeable anomaly and strong surface enrichment of the element molybdenum, which are fundamental deposit signatures of the nearby Cortadera ore system.

Strike Energy has flowed significant, high-pressure gas to surface from the Basal Wagina formation, a secondary target at its multi-target West Erregulla-2 well in the Perth Basin, Western Australia. The company will now subdue the productive formation before drilling ahead to a depth of 4230m before running wireline logs over the entire second intermediate section to fully evaluate the potential of the Basal Wagina.

MGC Pharmaceuticals’ cannabinoid formulations have demonstrated effectiveness in fighting brain cancers in ground-breaking pre-clinical trials conducted in collaboration with the National Institute of Biology and University Medical Centre Ljubljana in Slovenia. The formulations inhibited the viability of cancerous glioblastoma cells taken directly from a patient and caused a significant fraction of the cancer’s stem cells to die.

Follow-up rock chip sampling by Hammer Metals has delineated gold mineralisation over 1km of strike length at the El Questro prospect within its Malbon project in Queensland’s Mount Isa mining district. Rock chip sampling along strike from the previous 99.4 gram per tonne gold result at the prospect returned top grades of 49.9g/t gold, 8.27g/t gold, 7.24g/t gold and 6.64g/t gold.

Greenland Minerals has formally applied for a mining licence over its giant Kvanefjeld rare earth project with Greenland’s Mineral License and Safety Authority confirming that the application has been received. A public consultation period of up to 12 weeks will soon commence and give interested stakeholders the opportunity to provide feedback on the project.

Hawkstone Mining will generate a maiden resource estimate for its Big Sandy lithium clay project in the US later this quarter, as it winds up the comprehensive resource definition drilling campaign over the Northern Mineralised Zone at the large deposit. The latest drilling results have extended the ore system over a strike length of 850m, with mineralisation still open to the north, south and west.

Big River Gold has appointed Perth-based engineering consulting group, Wave International, to complete the definitive feasibility study for its Borborema gold project in north-eastern Brazil. The company has also appointed Brazil’s Grupo GE21 Mineral Consultants to review and update the mine schedule after it identified a higher-grade component at the surface within the Stage 1 pit design.

Adriatic Metals has generated a maiden mineral resource estimate for the high-grade Rupice base metal deposit in central Bosnia, delineating 9.4 million tonnes grading 5.1% zinc, 3.3% lead, 1.8g/t gold, 183g/t silver, 0.6% copper and 31% barite. The company also updated the nearby Veovača resource and will now use the new estimates and ongoing technical studies to underpin a scoping study for the Vareš project.

Image Resources has wrapped up its second full quarter as an operational mining company with a bang, thanks to the excellent operational performance of its high-grade, zircon-rich Boonanarring mineral sands project, 80km north of Perth. Operating costs were about $22 million, or just 78% of its budgeted figure, while unit margins were 131% higher than forecast at $294 per dry metric tonne

Northern Minerals is preparing to ramp-up ore sorting, product separation and exploration initiatives for its Browns Range heavy rare earth project, near Halls Creek in the East Kimberley region of WA. The move to progress the project comes after the company received commitments for a $30 million placement priced at 6.2 cents per share split into three roughly equal tranches, the first of which is due to be received on 23 July.

Coziron Resources has received $685,000 in funding from its directors and largest shareholder, Yandal Investments and will shortly undertake a placement to underpin a substantial mineral resource definition program at its intriguing Ashburton magnetite iron project in the west Pilbara, WA. Previous drilling returned thick, consistent intersections of magnetite iron mineralisation with simple metallurgical beneficiation test work yielding premium 67% iron ore products.

Venus Metals and Rox Resources have kicked off an RC drilling campaign targeting down-plunge and along-strike extensions of high-grade gold mineralisation intersected in previous drilling at their Youanmi gold projects in WA. Drilling at the Currans Find North prospect has returned a metre result of 72.67g/t gold from 39m down-hole, within a wider zone of 3m @ 27.5g/t gold.