Public Company News

Hawkstone Mining has generated more wide, high-grade mineralisation in separate ore horizons from diamond drilling at the Northern Mineralised Zone of its Big Sandy lithium clay project in Arizona, US. New results include 47m @ 2,130 ppm lithium from 12m down-hole and the drilling campaign has now defined continuous, thick mineralised zones over more than 600m of strike at the emerging project.

Sky and Space Global has signed a definitive agreement with Nasdaq-listed manufacturer GomSpace for up to 16 new nano-satellites to extend its IoT and M2M connectivity services over the entire globe. These nano-satellites will be delivered in two batches with the first batch of eight dispatched by the end of 2019, whilst the second optional batch could be delivered in the first half of 2020.

TNG Ltd has signed a binding agreement with Swiss global specialty chemical distributor DKSH for the offtake of all titanium dioxide products from its flagship Mount Peake vanadium-titanium-iron project in the NT. The company already has a binding offtake agreement with South Korea’s Woojin for at least 60% of the project’s vanadium output and a binding term sheet with major global commodity trader Gunvor for its iron products.

The WA Government’s plan to carry out $51m in major road upgrades in the Eastern Kimberley region will directly benefit Northern Minerals’ Browns Creek heavy rare earths mine, by providing virtually year-round access to the project tenements from Halls Creek. This will also provide greater certainty for the company to ramp future production from Browns Creek, knowing the product can be transported from site on a regular basis.

Image Resources’ Boonanarring heavy mineral sands project near Perth continues to deliver with a grab sample of an ultra-high grade zone that was identified and mined by the company returning 95% HM and 70% zircon content. About 500 tonnes of this ore has been stockpiled and work will be carried out to determine how far the zone extends into areas that have not been fully cleared of overburden.

Legend Mining’s aircore drilling program for its Area D prospect at the Rockford project in the Fraser Range of WA has given the company encouragement that it is zeroing in on a larger mineralised system. Recent assay results from drilling at the D4 and D5 conductors turned up strongly anomalous nickel, copper and cobalt results, as the company seeks to define a high-grade sulphide system in the area.

Sky and Space Global has signed six new MoUs and two reseller agreements since deciding to expand its telco coverage over the globe rather than just equatorial regions of the world in April. Its reseller agreement covering the US, Canada, Mexico and the UAE with globally focussed internet of things engineering firm Penteon, is a formalisation of their MoU that was signed in October 2018.

Geopacific Resources has appointed former Bank South Pacific Limited Group CEO Ian Clyne as its Chairman to drive financing arrangements for the company’s flagship Woodlark gold project in PNG. Last November, the company released a DFS supporting the project’s development, saying the project could generate $257m in free cash during the first five years of production and about 1 million gold ounces over 13 years.

King River Resources could have another potential revenue stream for its massive Speewah specialty metals project in WA’s Kimberley region after producing HPA during metallurgical test work. Further tests will be carried out to improve precipitation efficiency, reduce the amount of hydrochloric gas required and increase recycling of hydrochloric gas. The company also plans to find the best method for producing HPA.

Kairos Minerals has started its exploration field season in WA’s Pilbara region on two fronts, following up extensive surface gold anomalies previously identified at the Croydon project and investigating the gold and lithium potential of its Kangan project. At Croydon, work is underway to investigate a prospective conglomerate horizon along strike from recent gold nugget discoveries and anomalous results from geochemical sampling.

TNG Ltd has engaged Australian contractor McMahon Services to progress the program of work for the non-process infrastructure requirements of its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory. McMahon will advance the infrastructure planning developed by TNG, develop the tendering documents and implement the strategy and delivery framework for the infrastructure works packages.

Hot Chili has outlined thick zones of porphyry-related copper and gold mineralisation during its maiden RC drilling campaign at the large Cortadera deposit located in central Chile. Results included 122m @ 0.6% copper and 0.3g/t gold directly from the surface, including a high-grade intercept of 20m @ 1.2% copper and 0.5g/t gold from 40m down-hole, related to a wide supergene enriched zone of copper.