Public Company News

Lithium Australia has begun work on its Wundowie nickel-PGE project in the hills east of Perth that were recently made famous in mining circles by Chalice Gold Mines who discovered a cracking nickel-PGE deposit in an area that was previously thought to have limited prospectivity. A first-pass review of the historical exploration data for Lithium Australia’s project has revealed an extensive coincident copper, gold and PGE anomaly.

ASX-listed gold hopeful, Middle Island Resources, continues to eke out promising RC drill results from an array of satellite deposits at its historic Sandstone gold project in the central Goldfields of WA as it works towards the potential recommissioning of the old mine site’s mothballed treatment plant. Latest numbers are from the Old Town Well deposit, located only 600m north of the plant.

ASX-listed platinum group metals explorer Podium Minerals has boosted its coffers by another A$1.1 million after receiving a payment of $711,000 from EV Metals Group for tenement-related costs. Perth-based Podium is also looking to offload its 17 per cent shareholding in EV Metals, who holds the oxide mining rights excluding PGM mineralisation within Podium’s Parks Reef project area in the Mid West region of WA.

Blackstone Minerals looks to have awakened a sleeping giant in Vietnam, after posting a massive, 47-metre-wide, 1.04 per cent nickel hit at the King Cobra prospect within its Ta Khoa project. A maiden resource for the Ban Phuc and King Cobra deposits are due in the third quarter of 2020 and will be highly anticipated by the market given the significant successes Blackstone’s latest drilling campaign has experienced.

Godolphin Resources is set to kick off a maiden drilling program at its Copper Hill East project located 35km north of Orange in NSW and only 60km south of Alkane’s venerated Boda copper-gold discovery. A recent soil sampling program defined a coherent gold and copper anomaly at the project with copper assays grading up to 817 parts per million.

Coziron Resources will soon have an RC rig spinning up a storm at its Croydon gold project in WA’s Pilbara region after the company’s maiden drill program hit some notable results, including 8m grading 10.2 grams per tonne gold with a one metre interval running at over two ounces to the tonne from the Top Camp discovery.

Hammer Metals has nailed down additional strategic tenure in the revered Yandal gold belt of Western Australia. The company has added the Bronzewing North project to its already impressive ground holding in the region and extended its footprint across the world-class terrane to over 260 square kilometres, adding two near-term exploration targets at Sword and Sam Well in the process.

Classic Minerals looks set to deliver early cashflows from the high-grade Kat Gap gold deposit in WA. The company has flagged the early delivery of its modular Gekko gravity processing plant which is now slated to be on the ground in Perth in second half of August 2020. The modular gold plant looks set to deliver Classic a clever short-cut through the development process and a rapid pathway to early cashflows.

ASX-listed aspiring gold developer, Middle Island Resources, appears to have another satellite deposit unfolding at its Sandstone gold project in the central Goldfields of WA as it works towards building a mineable resource inventory to support a strategy of recommissioning the mine site’s mothballed processing plant. The new McIntyre deposit recently returned better intersections of 13m grading 1.94 g/t gold and 9m at 3.53 g/t.

ASX-listed bauxite hopeful Lindian Resources has snared the services of 45-year bauxite and alumina veteran, Yves Occello, pictured, appointing him as a Non-Executive Director as the company looks to beef up its board to execute a plan to advance its high-grade Gaoual conglomerate bauxite project in Guinea towards production. Occello has been a Director of Compagnie de Bauxite de Guinee, Guinea’s largest bauxite producer for 30 years.

With its Browns Range pilot plant in WA’s north set to re-start heavy rare earths production any day now, ASX-listed Northern Minerals has moved quickly to replace its former MD, George Bauk, by promoting long-serving Chief Financial Officer and Company Secretary, Mark Tory, to the role of Chief Executive Officer. Tory is a Chartered Accountant with over three decades of mining industry experience.

ASX-listed gold explorer, Great Southern Mining, looks to have struck paydirt in its first diamond drill hole at its Cox’s Find gold project about 65km north of Laverton in WA, underlining the high-grade aura of the historic project. The Perth-based company returned a bonanza intercept of 1.1m going a whopping 404.0 grams per tonne gold, or an eye-watering 13 ounces to the tonne gold.