Public Company News

Classic Minerals has hit some solid gold drill numbers only 1.2km south and along strike from the main drilling area at its Kat Gap gold prospect where gold-filled quartz veins extend at depth into the granite host rock. The best RC drill result to date returned 8m grading 7.91g/t gold from 60m, including 4m at 13.56/t gold from 60m.

ASX-listed MGC Pharma has secured a key market in Europe after signing an exclusive, commercial wholesale supply agreement with Polish NGO, Cannabis House Association and the University of Lodz to supply a large-scale research project in Poland. Under the deal, MGC Pharma will supply its medicinal cannabis-based, cannabinoid medicine products to up to 250 pharmacies and provide scientific support to the commercial research study whilst gathering participant data.

Well known technology man, Terry Stinson, has joined the board of ASX-listed Aurora Labs to support the company’s commercialisation strategy. Aurora considers his appointment key to delivering its 3D metal printing technology to market as it pulls out of the research and development phase. Mr Stinson will no doubt help the company to focus on large-scale commercial applications for its printing technology.

ASX-listed explorer, St George Mining, has a foothold on some early stage multi-metal exploration ground in the sought after Paterson Province in the eastern Pilbara region of WA. The company has one granted tenement in the Paterson covering over 35 kilometres, that, according to management, holds the same geological characteristics as the behemoth Telfer gold mine that has produced over 32 million ounces of gold and 1 million tonnes of copper to date.

ASX-listed Coziron Resources has pinpointed a couple of new priority gold targets at its Croydon Top Camp project in WA’s Pilbara region after a data review highlighted areas where a number of compelling geological criteria all lined up nicely. The company is now looking to add its newly identified drill ready targets to the expanding schedule as it plans to follow up maiden RC results from Top Camp such as 8 metres grading 10.2 grams per tonne gold.

In a Target Statement made to the ASX, Spectrum Metals’ Board has unanimously urged its shareholders to accept the friendly take-over bid by Ramelius Resources. The ASX300 listed company’s implied offer of 15 cents per Spectrum share is a serious 70% increase to its 30-day volume weighted average share price of just over 8 cents. Ramelius’ offer represents an implied value of about $231m for Spectrum’s Penny West gold project.

Hammer Metals will have the rods turning and Geophysicists on the ground very soon at its Mt Isa project in Queensland after being awarded Government grants amounting to $283,000. The windfall will fund a diamond drilling program at the Koppany copper-rare earths project and two magneto telluric surveys, one at the Kalman copper, molybdenum, gold and rhenium deposit and the second across part of the Mt Philp Breccia that is prospective for gold and copper.

After scratching away at the dam wall for a while, it seems that the wall is now crumbling for ASX-listed mining software provider K2fly, with a wave of giant mining companies signing on recently for its unique “RCubed” resource governance software. Latest potential devotees to K2fly’s software include BHP Billiton spin off, South 32, and Vale Australia, a subsidiary of Vale S.A, the largest iron ore producer in the world today.

As the historic Youanmi goldfields gets a new lease on life courtesy of a modern rush of gold explorers, ASX-listed Venus Metals is ahead of the pack with its portfolio of assets surrounding the old Youanmi mine playing host to a range of projects from resource stage to first pass exploration drilling. Venus is about to kick off a geophysical survey across its Penny West Deep South gold target.

ASX-listed Infinity Lithium has executed a binding agreement to divest its African potash assets and the Perth company is now set to focus 100% on its San Jose industrial lithium project in Spain that is looking to lever burgeoning demand for lithium-ion batteries in Europe. Infinity has a 75% interest in San Jose that, according to its pre-feasibility study, is set to deliver 15,000 tonnes per annum of battery-grade lithium hydroxide.

ASX-listed St George Mining has lit up multiple EM anomalies at its various discoveries and prospects along the Cathedrals Belt trend which already boasts a number of high-grade nickel-copper sulphide mineralised zones. St George says it is planning to start drilling the new anomalies shortly and complete resource definition drilling at its Stricklands prospect, all of which are a part of its Mt Alexander project, 120km from the world-class Agnew-Wiluna nickel belt.

ASX-listed Calidus Resources said the near-term development strategy for its 1.25Moz Warrawoona gold project in the Pilbara has received a shot in the arm after the project was granted a streamlined State and Federal environmental approval process. The WA office of the EPA has advised Calidus that it will assess the project as an “Accredited Assessment”. Calidus is targeting 100,000 ounces of gold per year at Warrawoona.