Public Company News

Buru Energy has identified the potential for an 11 metre oil pay zone in the Upper Anderson section after completing wireline operations at its Adoxa-1 conventional oil exploration well on shore in the Canning Basin, Western Australia. The company will now case the well before mobilising the NGD 405 rig to drill the nearby Ungani-7H production well at the Ungani oil field before returning to Adoza-1.

AVZ Minerals has improved on initial metallurgical test work at its giant Manono project in Africa with the production of a lithium concentrate grading 6.6% with recoveries of 70.4% from ores crushed to a finer size than in previous tests. The company has also updated President Tshisekedi Tshilombo from the Democratic Republic of Congo and senior government officials on the progress being made at the project.

ClearVue Technologies, has secured a significant foothold in the US for its solar glass “PV technology” after signing a collaboration agreement with sustainable infrastructure specialist AquaGen Infrastructure Systems. Under the agreement, AquaGen will integrate ClearVue’s energy generating windows into all of its planned sustainable village developments, some of which are already at an advanced planning stage.

Altech Chemicals is proceeding with its German equity strategy to sell up to a 49% stake in its high purity alumina, or “HPA” project for USD$100 million to Frankfurt Stock Exchange-listed company, Youbisheng Green Paper. Altech is also acquiring a 29% stake in Youbisheng, which will change its name to Altech Advanced Materials and seek to raise up to €70 million in new equity to fund the acquisition.

TSX-listed conglomerate gold explorer, Novo Resources, has unearthed an Aladdin’s cave of gold nuggets in a single pathfinder trench at its exciting Egina gold project, near Port Hedland in WA’s Pilbara region. 162 gold nuggets weighing 324 grams were plucked from the trench in the first pass with most of them recovered from a swale in the underlying basement rock near the northern end.

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.