Public Company News

Blackham Resources’ Golden Age gold deposit at Wiluna is living up to its name, delivering some outstanding high-grade drill results. Underground drilling of the reef continues to produce impressive intercepts including 1.8 metres at 39.68 g/t gold, 2.6 metres at 21.74 g/t and 2.7 metres at 17.32 g/t gold. The company is getting set to deliver on its staged upgrade to start mining the sulphides.

Buru Energy has received an extra US$200,000 in cash for its share of the recent sale of crude oil from its Ungani oil field in Western Australia’s Canning basin. Buru’s third oil sale for the year originally settled in mid-May at A$1.2m, net to Buru, however contractual terms saw the final price tag upped by USD $200k due to rising oil prices throughout the month of May.

ASX-listed PharmAust Limited has produced some early stage positive results from laboratory testing of the effects of its anti-cancer drug, Monepantel, on the Coronavirus. The testing, which took place at the Walter and Eliza Hall Institute of Medical Research in Melbourne, showed suppression of the virus by between 50% and 95% after treatment by Pharmaust’s Monepantel.

Blackstone Minerals has vectored in on a new massive sulphide nickel vein at its Ban Chang prospect in Vietnam with two separate drill holes intersecting the vein 200m apart within metres of where its EM plate modelling says it should be. One hole intersected 1.05m of massive sulphides from 58.5m whilst the second hole hit 1.2m of massive sulphides from 87m down hole.

Hot Chili is fast-tracking the development of its world-class copper-gold project in Chile after the ASX-listed company inked an agreement with Chilean Government owned ENAMI, to mine and process the high-grade copper-gold ore from its massive Productora porphyry project. The proceeds from the deal will underpin the development of Hot Chili’s nearby Cortadera porphyry deposit that is even more impressive.

ASX-listed Primero Group has become a “substantial” shareholder on the unlisted Barton Gold’s share register as the private equity backed company gears up its ready-to-mine South Australian gold assets and makes preparations to go public. Barton has a swag of solid mining assets in South Australia that it will list on the back of including the high-grade but mothballed Tarcoola open pit gold mine.

Middle Island Resources has continued its extraordinary track record at the Sandstone project in Western Australia, identifying a fifth new gold deposit from its latest drilling program that took in an impressive 13.4 kilometres. The company’s recent evaluation of historical data identified the Ridge prospect, which contains solid intercepts like 13 metres grading 3.81 grams per tonne gold from just 24m.

Kingwest Resources continues to hit gold at depth at its Menzies project 130km north of Kalgoorlie after it hit its deepest-ever intercept below the Princess May shoot, returning a metre at 25.4g/t gold from 731.5m. Kingwest said the result proves that gold mineralisation continues below level 21 at the underground workings beneath the historical Yunndaga open pit.

Impact Minerals has picked up an interesting suite of five tenements that it believes are prospective for nickel-copper-PGM in the south-west of WA’s Yilgarn Craton. The tenements will be known as the Arkun project. The Yilgarn craton is revered for its gold, nickel and copper deposits. However, more recently, interest has turned to the rare suite of platinum group elements in the area.

Blackstone Minerals is once again headed into the jungle surrounding its Ta Khoa nickel-copper-PGE project in Vietnam. It has kicked off an aggressive program of geophysics and drilling to hunt down more high-grade repetitions of its impressive Ban Phuc nickel mine. The company continues to produce a wealth of sulphide targets and high-grade nickel results that should boost its scoping study.

InteliCare’s in-home monitoring technology for the sick and the elderly made a spectacular debut on the ASX this week with the company’s shares running hard from 20c to a crescendo of 58c for the week. Lead Manager, JP Equity closed the book early after getting a flood of bids totalling $6.2m against the targeted $5.5m, which caused scale backs and a flurry of on market buying.

Element 25 has completed a deal that will see it sell a portfolio of royalties it was holding over multiple projects for around A$500,000 worth of shares in TSX-listed specialist royalty company, Vox Royalty Corp. Element 25’s stock doubled recently from 20c to 40c after the market consumed its PFS and unlike many other flash in the pan ASX-listed company share price runs – it stayed there.