Public Company News

Nzuri Copper has extended its copper mineralisation to over 270m of strike and a vertical depth of 150m, after the latest drilling at its Monwezi 2 prospect in the DRC. Best results of up to 7.1m @ 0.82% copper from 73.9m down-hole were returned. Nzuri also generated an Exploration Target for Monwezi 2 ranging between 1.0 - 2.5 million tonnes grading between 0.8 - 1.5% copper.

Tyranna Resources’ stream sampling has identified two encouraging cobalt-copper-zinc anomalies at its newly acquired Goodsprings cobalt and base metals project in Nevada. The company will carry out a geophysics program later this month before drilling up to five holes at the Whale trend to confirm the oreshoot, intersect potential mineralisation and drill through the postulated east-west fault.

Lithium Australia has entered an agreement with a private exploration company to acquire 3 tenements at the Youanmi lithium project, located near Sandstone in the Murchison of Western Australia. Lithium-bearing pegmatites strike over almost 3km across the tenements up to widths of 200m where mapped. Rock chip sampling at the project has shown lepidolite-rich pegmatites with up to 4.2% lithium oxide and likely tantalum credits.

Canadian listed conglomerate gold specialist Novo Resources has completed an $8m acquisition of a prospective looking gold project in the Egina region, located south of Port Hedland in the Pilbara region of Western Australia. The company believes the tenements are prospective for conglomerate, alluvial and shear-hosted gold mineralisation. The transaction comes gift-wrapped with two granted mining licences surrounding the historical Womerina alluvial gold workings.

ASX listed Affinity Energy & Health, formerly known as Algae.tec, has developed a breakthrough algae-based fish feed product for the aquarist market that has a long shelf life and does not require refrigeration. Distribution partner Seachem Laboratories will promote the product to key international aquarist markets through its networks and it has already received a first bulk order.

ASX listed Surefire Resources’ recent reverse circulation drilling at its Unaly Hill project, near Sandstone in the Murchison region of WA, has extended the vanadium mineralisation for several kilometres along strike. All 10 reverse circulation holes in the campaign intersected a number of vanadiferous magnetite bands of varying down-hole widths and assays are currently pending.

Southern Gold has reported some cracking high grade silver assays from underground sampling at its Shin Adit mine, part of the newly granted Deokon project tenements in Korea. Systematic sampling of underground drives produced results up to 0.4 metres grading 9.26g/t gold and 1,165g/t silver. The results effectively produce walk-up drill targets for the company at Deokon to be tested shortly with a diamond drilling program.

Kairos Minerals drilling has extended the strike length of the main Mt York deposit to over 3.8km, raising the likelihood that another resource upgrade might be on the cards for the Pilbara gold project. Some notable high grade intercepts include 3m @ 8.54g/t gold from 56m, 1m @ 15.93g/t gold from 57m and 8m @ 4.77g/t gold.

Image Resources has de-risked the sale of heavy mineral sands from its Boonanarring project just 80km north of Perth with the execution of a second binding offtake agreement with China’s Hainan Wensheng High-Tech Materials. The agreement complements Image’s existing agreement with Natfort as both offtake partners have agreed to take up the other’s share of production in the event that one is unable to do so.

Northern Minerals has re-estimated its mineral resources for the 2018 financial year, reporting just over 9 million tonnes grading 0.63% total rare earth oxides, which includes an ore reserve of 3.3 million tonnes grading 0.68% TREO containing more than 13 tonnes of sought-after dysprosium oxide. The company is currently proving up new discoveries of high grade rare earth element mineralisation at the Dazzler and Iceman prospects.

Volt Resources says the Tanzanian Ministry of Minerals has recommended approving two mining licences over the company’s Bunyu graphite project in the south of the country. The licences strategically cover the footprint for both the proposed Stage 1 and Stage 2 mine developments at the project. The company has been advancing offtake agreements for its product stream and recently completed a positive feasibility for the Stage 1 development.

Adriatic Metals has reported more fantastic drilling intersections from its Rupice multi-mineral ore system in central Bosnia. New drilling results include an impressive 28m intersection going 10.8% zinc, 5.9% lead, 271g/t silver, 3.4g/t gold, 0.5% copper and 61% barite from 236m down-hole. The new hit effectively extends the mineralisation by a further 140m down-dip at the northern end of the deposit, adding more resource tonnes.