Public Company News

Artemis Resources’ has hit a number of exciting multi-mineral drill intersections including 6.5m @ 23.44g/t gold, 2.32% cobalt and 10.35% copper from 47m down-hole at its Carlow Castle project in the Pilbara, W.A. The infill drilling campaign is designed to increase resource definition and has been expanded to further test the project, which remains open along strike and at depth.

Having locked away its iron ore resource in the Pilbara, Coziron Resources has now shifted gear to focus on the systematic exploration of its impressive W.A. gold and vanadium projects. The company intends to concentrate on its large Buddadoo vanadium project in the Midwest and it will also look to prove up the highly prospective Croyden Top-Camp gold project, an advanced exploration play in the western Pilbara.

Blackham Resources has estimated a free milling mineral resource of 33.6Mt @ 0.57g/t, for 620,000oz of contained gold, within the tailings at its Wiluna Project in W.A. Work is underway to potentially enhance gold recovery along with confirming potential mining and processing options that may be integrated into Blackham’s future operations.

King River Copper has announced outstanding results from hydrometallurgical test work completed on its flagship Speewah vanadium/titanium deposit, south of Kununurra in W.A. The company reported that it had managed to produce the coveted grade of 99.51% pure vanadium pentoxide. The test work is examining a new direct leaching-precipitation method to make premium vanadium, titanium and iron products from the Speewah deposit ores.

Classic Minerals has produced more high grade drilling results from exploration at its Kat Gap and Lady Magdalene gold prospects, near Southern Cross in W.A. A new zone of gold hosted in granite was outlined at Kat Gap and returned results up to 8m @ 7.14g/t gold from 82m down-hole and it is open along strike. The company also reported a result of 0.23% lithium oxide from pegmatite sampling.

Coolgardie Minerals has reported strong investor support for its IPO that closed last week after the company easily raised in excess of the $4m it needed to get its flagship Geko gold project underway near Bullabulling in the Goldfields. The company will now further explore the project and look to create an early cashflow from it by investigating what toll treating options might be available.

Move over RCF and Orion Mine Finance, there’s a new kid on the block with $100m to plough into mining investments. Ibaera Capital is applying a new paradigm to its private equity offering, combining the $100m it has available with its top-notch team of geologists to turn undervalued exploration plays into bonafide mines. Its first investment is into ASX listed Azumah Resources’ Wa Project in Ghana.

DroneShield will help create a new version of Intelligent Security Integration’s flagship Rapid Scout HQ vehicle that could be the first non-military vehicle with a suite of counter-drone multisensory detect and defeat solutions. Rapid Scout HQ vehicles and their associated Rapid Scout surveillance sensors are designed for use where traditional CCTV has limited or no coverage.

St George Mining has successfully drill targeted high grade nickel-copper sulphide ores at the Investigators prospect, 100km west of Leonora in the northern Goldfields region of Western Australia. A 7.55m intersection of disseminated and massive sulphide mineralisation was intersected after a strong off-hole EM conductor suggested it was there. Preliminary XRF assays average an exceptional 8% nickel and 7% copper in the massive sulphides.

Ironbark Zinc has chartered the world’s largest icebreaking ship to demonstrate its proposed logistical solution and validate the shipping route for its giant Citronen zinc project in Greenland. It has also received an encouraging level of interest from a broad range of potential investors and is arranging site visits as part of the due diligence process.

Tyranna Resources has been steadily increasing its equity in the Western Gawler Craton JV with partner WPG Resources who owns the nearby Challenger gold mine. The parties are now in discussions about toll treating ore from their Jumbuck project at Challenger, creating a possible fast track to production for the junior explorer Tyranna. Drilling will commence at the Campfire Bore prospect soon ahead of a feasibility study.

Western Australia’s proposed Lithium Valley concept that could see Western Australia grab a larger share of the $213bn lithium-based battery value chain is under threat from the Federal Government’s proposed moves to limit R&D funding. Limiting the annual R&D rebates to $4m could make Australia noncompetitive with other parts of the world, according to Lithium Australia.