Public Company News

Adriatic Metals is set to increase its land holdings at the exciting Vares project in Bosnia, after receiving a key permit for major expansions to its existing concession agreement over the Rupice and Veovaca prospect areas at its 100% owned base metals play. At Rupice North, the expansion takes in the region northwards and down plunge of a 66m thick, high grade intersection reported in October 2018.

Great Southern Mining has identified an exciting large-scale porphyry system containing highly anomalous assays at its Leichardt Creek prospect, located near Townsville in northern Queensland. Rock chip samples up to 0.56% copper, 0.12g/t gold and 0.46% molybdenum were returned from a broad zone of gossanous, stock worked quartz veining and disseminated multi-mineralised outcrops also elevated in silver, zinc and lead, over an area of nearly 6 square kilometres.

Ironbark Zinc has identified a strong, broad bedrock anomaly at the proven, large-scale Jerangle base metals prospect at its multi-element Captains Flat project in NSW from preliminary interpretation of its recent helicopter-borne electromagnetic survey. Interpretation of the data is ongoing with a final report with drill targets expected shortly.

Calidus Resources has boosted the global mineral resource estimate at its Warrawoona gold project in the Pilbara by 75% to 21.2 million tonnes grading 1.83g/t gold for 1.25 million ounces. The new mineral resources will underpin the company’s ongoing PFS for the project, which is well underway and set for completion in the September quarter of this year.

Delecta Limited has exercised its option to acquire the Highline cobalt-copper project in Nevada, USA, after completing due diligence that confirmed the high-grade nature of its mineralisation. The company plans to carry out detailed geological mapping and sampling over the western claim and the Highline Mine area to identify drill targets.

Venus Metals Corporation has uncovered two promising boxwork gossans at its DeGrussa North copper project, located just 3km north of Sandfire Resources’ high-grade DeGrussa copper mine in WA’s Meekatharra mining district. Assays results for the rock and soil samples collected from the gossans are expected to be received in about two weeks.

Lithium Australia has concluded an exploration program of geological mapping, rock chip sampling and geochemical soil sampling over high grade lithium mineralisation identified last year at its Medcalf prospect, located southwest of Norseman in WA. The company previously unearthed the swarm of spodumene rich pegmatites with rock chip samples up to 7.15% lithium oxide in outcrops covering an area of 250m wide by 500m long.

Bellevue Gold has upgraded the inferred resources at its namesake project northwest of Leinster, WA, by 47% to 4Mt @ 11.8g/t gold for 1.53 million ounces of contained gold, just months after hitting the million ounce mark. Drilling is continuing at the very high-grade Viago Lode and Western Corridor and the company expects to release another mineral resource upgrade in the second quarter of this year.

European interest in lithium chemicals could benefit Infinity Lithium and its planned San Jose project, which aims to mine and refine lithium hydroxide for the European market. This includes the active support from the European Investment Bank for European lithium raw materials and refining projects to strengthen the strategic position of the European Union’s lithium-ion battery and electric vehicle sectors.

Hot Chili has executed a binding MoU for an option to acquire a 100% interest in Chilean mining group SCM Carola’s Vallenar landholdings, that are adjacent to the company’s Productora and El Fuego copper assets in Chile. The new “Cortadera” tenements hold a significant copper-gold porphyry discovery which contains extraordinarily wide, high grade, drill intersections of copper/gold mineralisation never publicly released before.

TNG Ltd has appointed mining veteran John Elkington as its Non-Executive Chairman as it proceeds with the financing and developing of its Mount Peake vanadium-titanium-iron project in the Northern Territory. Rex Turkington has stepped down as the company’s interim Chairman and remains on the board as a non-executive director.

Sovereign Metals has raised $4.3m through a share placement priced at 6.5c per share to accelerate the definitive feasibility study for its Malingunde flake graphite project in Malawi and additional metallurgical and exploration activities for the recently identified rutile potential. The company will also raise up to an additional $1m through a share purchase plan for existing shareholders.