Public Company News

Terrain Minerals is gearing up to complete a surface trenching program across a high-grade zone identified on its Wild Viper tenement near Leonora, WA, to follow up a rock chip sample of 4.67g/t gold returned from the 382-shear prospect in March. The exploration target is located just south of the Great Western gold mineral resource and has been interpreted to strike over more than 2.5 kilometres.

Northern Minerals has returned encouraging preliminary rare earth element results from portable XRF assaying completed on infill, extension and exploratory RC drilling samples at the Dazzler and Iceman prospects near its Browns Range operation in the East Kimberley region of WA. The company said the results also outlined a new target area just to the northwest of Iceman that is anomalous in the pathfinder element yttrium.

Lithium Australia has produced lithium iron phosphate batteries using lithium phosphate that was refined using a simple process developed in conjunction with the Australian Nuclear Science and Technology Organisation. The company expects batteries produced using the cheap and effective refining process to have significant advantages compared to those produced using lithium carbonate

Hawkstone Mining has appointed experienced investment banker and corporate advisor, Barnaby Egerton-Warburton, as its Non-Executive Chairman to oversee financing of the emerging Big Sandy lithium clay project in Arizona, US. He previously held executive roles in the resources sector and was most recently a Director of ioneer Limited who is developing the Rhyolite Ridge lithium-boron resource nearby in Nevada state.

Anglo Australian Resources’ infill drilling at the Mandilla South prospect of its Mandilla project near Kambalda, WA, has intersected central core of higher-grade supergene enriched gold with hits of up to 1m @ 5.59g/t gold. Drilling also confirmed the presence of primary gold mineralisation and the potential to link the Mandilla South prospect and the Mandilla East resource into a 4km long camp scale target.

Greenland Minerals has outlined major improvements at its massive Kvanefjeld project in southern Greenland, including an impressive 8% increase in rare earth recoveries to 94%, compared with its 2016 Feasibility Study metrics. The work will lead to an increase of USD$31m per annum in revenue, based on the current basket prices for REO and provide attractive margins on production, while seriously reducing OPEX costs for the project.

ASX-listed Azumah Resources has intersected narrow but exceptionally high-grade gold zones of up to 0.5m @ 168.3g/t gold from 650.5m down-hole while hunting for depth extensions to its flagship Kunche deposit in Ghana. This follows on recent confirmation of substantial gold mineralisation to 580m below the surface at the Bepkong deposit and provides geological information to guide the next phase of drilling.

Buru Energy has kicked off a flurry of drilling activity that seeks to unlock the oil and gas potential of the severely underexplored Canning Basin in northern WA. Besides two horizontal production wells that could substantially increase its oil output, the company is also preparing to drill the Yakka Munga-1 and Rafael-1 exploration wells, either of which could be game changers if they are successful.

Gold development company Calidus Resources has made substantial progress on its PFS for the flagship Warrawoona project in the eastern Pilbara region of WA, saying it on track to publish the study in July. Earlier this month, the company completed a placement of $2.16m at a premium to the market, which will provide it sufficient funding to complete the PFS in the nominated timeframe.

Novo Resources is a step closer to mine production from its Pilbara gold assets in WA this week, with a key mining lease now granted for its emerging Beatons Creek project near Nullagine, WA. The rigorous tenement approval process was underpinned by the company’s impressive mineral resource estimate of just over 900,000 ounces, with 316,000 ounces sitting in the oxide zone, which Novo will attack first.

Strike Energy is another step closer towards booking a reserve at its potentially lucrative Jaws-1, super-deep coal seam gas well in the Cooper Basin, South Australia, after re-establishing consistent gas production. The flare stack has been ignited with reservoir pressure at 425psi whilst the continued flow of water at between 450 to 500+ barrels per day confirms the good productivity of the well.

Kalia Limited’s engagement of technical expert Dr Steve Garwin to overview its Mt Tore project on Bougainville Island has paid off, with five key porphyry copper-gold and epithermal gold targets delineated. Dr Garwin identified the geochemically “fertile” nature of the region’s rocks, with the underexplored area holding potential for world-class deposits of copper-gold in the highly endowed, desirable “Pacific Ring of Fire” location.