Public Company News

Shareholders in WA agribusiness player Alterra are just one step away from receiving an unexpected direct income stream from the company’s carbon forestry business. The transfer of all forestry and carbon assets into Carbon Conscious Investments has been completed and the company is now seeking majority shareholder approval at the upcoming extraordinary general meeting to be held in Perth on 20 December 2018.

Azumah Resources has substantially increased the potential for underground mining at its flagship Wa project in Ghana after hitting an amazing 93m intersection grading 2.33 grams per tonne gold from 261m down-hole at the Bepkong East deposit. This includes two high grade intersections of 9.9m @ 8.42g/t gold from 295m and 2.16m @ 21.17g/t gold from 303m. Assays are pending on two other holes drilled at the deposit.

Classic Minerals’ latest drilling program near Southern Cross in WA has continued to deliver with multiple intersections of shallow, narrow, high grade gold mineralisation being unearthed at the emerging Kat Gap prospect. Better results included 3m @ 38.33g/t gold from 21m down-hole, including a metre at 111g/t gold from 22m deep and 5m @ 5.61g/t gold from only 6m down-hole which included 1m @ 12g/t gold from 8m.

Spectrum Metals has completed the acquisition of the high grade Penny West gold project and an exploration licence located immediately east of the project in WA’s Goldfields region. The company is currently awaiting assay results from a 1000 hole auger geochemistry program and is planning to start a RC/Diamond drilling program in the first quarter of next year.

Ironbark Zinc has applied for two new exploration licences covering 400 square kilometres that may host potential extensions of its giant Citronen zinc project in Greenland. The licences cover mineralised outcropping gossans over an extensive region on the interpreted source fault that aligns with the trend of the broad Citronen ore system.

Surefire Resources has intersected wide, high grade vanadium mineralisation in a resource extension drilling program completed at its Unaly Hill project, located near Sandstone in the Murchison region of WA. Results up to 34m @ 0.53% vanadium pentoxide from 79m down-hole, including 16m @ 0.69% vanadium pentoxide from 89m have extended the strike of the existing resources by another 4km to the north northeast.

Hammer Metals is set to kick some serious goals at its early-stage Mt Philp breccia iron oxide-copper-gold project near Mount Isa in Queensland, after being awarded $80,000 by the State Government to partially fund exploration activity at the property. The company will use the funds to assay geochemical soil samples and complete geophysical data interpretation and surveys, to generate a 3D model and pinpoint specific drilling targets.

Lithium Australia has formalised an option agreement to acquire the three exploration licences that comprise the Youanmi lithium project about 100km southwest of Sandstone from private exploration firm Diversity Resources Pty Ltd. The project could be a feed source for the company’s upcoming third generation SiLeach pilot plant trial.

Southern Gold has signed a new agreement with Northern Star to acquire two strategic mining tenements at no cost, in order to facilitate development of the company’s Cannon underground gold resources near Kalgoorlie in WA. The agreement optimises the combined assets for a standalone mining operation or simple monetisation, as the gold mineralisation at Cannon plunges into the existing Northern Star lease.

Sky and Space Global has signed a reseller MoU with India’s Globe Teleservices and MoUs with BT LATAM Brasil and the Blue Power Group covering the potential use of its nano-satellite narrow-band communications network. Globe has also agreed to distribute a minimum number of devices and services.

Bellevue Gold is accelerating an updated resource estimate for its namesake gold project near Leinster in WA to the first quarter of 2019 thanks to ongoing high grade drilling results such as 2.4m @ 26.1g/t gold from 269.89m and 1.3m @ 35.2g/t gold. Drilling has also extended the Bellevue lode by a further 230m to the south of historic underground workings where mineralisation remains open in that direction.

Graphite developer BlackEarth Minerals has generated a high grade 95% graphite concentrate product from its Razafy graphite deposit in southern Madagascar, with nearly 50% reporting above the premium large flake size. Results from the recent test work will be used to finalise the project’s processing flow sheet and ongoing scoping study, ahead of a BFS which is due to kick off in the first quarter of 2019.