Public Company News

Great Southern Mining has remained steadfastly confident of finding something big at its Queensland multi-metals exploration play. The challenges of holding a vast swathe of remote, yet very prospective ground have not prevented the company from fast-tracking the exploration pathway to discovery with a new hyperspectral survey providing an insight into the mineral composition of the underlying rocks. The survey has identified five high priority gold targets and ten secondary gold targets at the Edinburgh Park project.

Middle Island Resources has tabled an impressive five-fold increase to the global mineral resource at its Sandstone gold play in Western Australia, adding half a million ounces to the Two Mile Hill Deeps deposit. This brings the total resource at the project to nearly 624,000 ounces. With the rods still turning on site and a goal of ploughing 17,000 metres of drilling into the project, it is unclear as to just where this resource will finally end up.

Managing Editor of Bulls N Bears, Matt Birney, writes that history can provide guidance when it comes to just how long it takes the ASX to recover from global health related pandemics. From peak to trough and peak again, the ASX is remarkably consistent after a pandemic and the numbers will shock you. So just what does this mean for this Coronavirus inspired market crash?

Venus Metals has lodged two interesting looking tenement applications on the south-western shore of Lake Ballard to be known as the Henderson gold-nickel project, located 50 kilometres northwest of Menzies in WA. The tenements fall within the Mt Ida greenstone belt, which is host to some significant projects including Mt Ida and Davyhurst, where gold’s renewed interest is breathing new life into those projects.

Kingwest Resources’ First Hit prospect has broken its own solid gold records, smashing out three metres with an incredible five ounces to the tonne gold that also includes a smaller two metre zone going 237.5 grams per tonne - over 7.5 ounces of gold to the tonne. Another stellar result was 5m grading 13.1g/t from 32m - an important result confirming the presence of the Stirling lode, above Lady Shenton.

Novo Resources continues to demonstrate the developing potential of its Pilbara conglomerate gold hosted Egina and Beatons Creek deposits with ongoing high-tech mechanical test work squeezing out more and more fine gold from the ancient rocks. A small sub-sample of Egina concentrate was “seeded” to determine the effectiveness the German-based TOMRA mechanical ore sorting testing equipment and the company said that 120 out of 120 of the seeded nuggets were recovered.

Australian Potash has remarkably penned its second offtake deal during turbulent times, securing another “take-or-pay” partner for nearly half of all its “K-Brite” premium Sulphate of Potash fertilizer to be produced annually from its WA Lake Wells project. The exceptional and binding ten-year term sheet has been agreed with Singaporean tier one, Migao International, who produced over one million tonnes of specialty fertiliser during 2019 from seven facilities across China.

Middle Island Resources’ punt that the ground surrounding its Sandstone gold project in WA might be harbouring rich pickings appears to be paying off after the Perth based company experienced some extreme success with the drill bit recently. The best result from the latest drill campaign came in at an exceptional 4 metres grading nearly three ounces to the tonne gold from the McClaren prospect.

ClearVue Techologies and Netherlands-based eLstar Dynamics B.V are planning to develop the ultimate remote controlled, energy generating “smart window” by combining both companies proprietary technologies into one window. The partners have penned a synergistic agreement that will combine Clearvue’s window glass energy generation technology with eLstar’s dynamic/switchable and dimmable glazing technology. The partners are planning to develop a window that can be controlled remotely whilst generating its own power.

At a time when health care has never been more prominent in the minds of many and home care solutions are more urgently sought, Intelicare’s artificial intelligence powered, in-home monitoring system for the sick and elderly is set to come into sharp focus. As the company seeks to ride on the coat tails of an ageing baby boomer population, its upcoming public listing on the ASX would seem exquisitely timed with the elderly confined to quarters right now due to the Coronavirus and largely quarantined from their loved ones.

Rapidly expanding ASX-listed automotive conglomerate, AMA Group, has negotiated revised terms with Insurer Suncorp, for its Capital SMART panel repair business, with the new terms to include increases in average repair pricing and increases in volumes. AMA said the new agreement with Suncorp recognises the additional costs associated with repairing modern vehicles safely, including the increasing costs of new technologies such as Advanced Driver-Assistance Systems.

Ora Banda Mining has landed multiple, wide drill intercepts along a one-kilometre strike south of its main Riverina gold deposit, located 48 km north-northwest of its Davyhurst mill in WA. Riverina already has a total resource of 280,000 contained ounces of gold albeit an upgrade is almost certain now with new hits like 13m at 4.59 g/t gold from 63m, including 3m at 10.1 g/t gold.