Public Company News

Coolgardie Minerals’ first near-mine exploration hole has intersected a new gold mineralised zone at its operating Geko gold mine near Kalgoorlie, confirming the company’s new structural interpretation of the Geko project. The 10m intersection has a grade of 2.62g/t gold, which is higher than the average grade of 1.8g/t gold within the pit reserve. This indicates that the grade of the orebody may increase at depth and to the west.

Biotech company Phylogica has successfully used its first generation “peptides” to deliver a protein used for gene editing into the nucleus of a cell line that is normally difficult for genetic material to penetrate. The company will now determine the best conditions for peptide assisted delivery of the CRISPR/Cas9 protein before assessing its relative effectiveness and safety compared to other delivery methods.

Image Resources has completed wet commissioning of its flagship Boonanarring heavy mineral sands project just 80km north of Perth and the company has started to ramp up production. Management has set an aggressive schedule aimed at achieving the feasibility study target processing rate of 500 dry tonnes of ore per hour in just six months.

Affinity Energy and Health is now one of just a handful of companies that have received approval to establish a medicinal cannabis cultivation and manufacturing facility in Malta. The company plans to use its proven RotoGro technology used in Canada to develop a facility capable of producing 3000 kilograms of cannabis bud per annum once all expansions are completed.

TNG Ltd has locked down haul road and borefield/water access at its rapidly advancing Mount Peake vanadium-titanium-iron project in the NT, just weeks after securing the key mineral leases. With these major milestones ticked off, the company will now focus on securing project financing.

Northern Minerals has generated exploration targets for its Dazzler and Iceman heavy rare earth prospects, located near its operating Browns Range mine in the Kimberley region of WA. The company recently discovered wide, rare earth mineralisation, rich in dysprosium at the deposits and is completing maiden mineral resource estimates for both. Management said the valuable high grade deposits could materially impact the longevity of its Browns Range operation.

PharmAust has confirmed that its flagship anti-cancer drug, Monepantel, produced using the recently determined “GMP” process, continues to demonstrate the drug’s expected ability to kill cancer cells while having little or no impact on non-cancerous cells. Further pre-clinical molecular pathway targeting studies will now be carried out to improve the company’s understanding of how the drug kills cancer cells.

Artemis Resources has secured a $5.4m funding package from a UK-based institutional group to underpin development activities at its Carlow Castle project near Karratha and exploration in the emerging Paterson Range area to the east. Funding will be used for resource development activities and metallurgical test work at the Carlow Castle gold-copper-cobalt project and to initiate regional geophysical surveys at the company’s prospective Paterson Range Armada prospect.

Precious metals explorer Emu NL has commenced its exploratory field program at the Vidalita project in northern Chile with a comprehensive campaign of shallow aircore drilling planned for its Peon 4, Vidalota D and Jotahues areas. The campaign will also target higher grade gold mineralisation at its main Vidalita project, vectoring towards a prospective fault zone it has interpreted from existing drilling data.

Lithium Australia is looking to use its proven technologies that can turn lithium mica mineralised waste into lithium-ion battery cathode powders at its Sadisdorf project in Germany and for similar resources elsewhere in Europe. The company will now include its proprietary technologies, such as its SiLeach process for extracting lithium phosphate from micas, into the scoping study for Salisdorf.

St George Mining has hit a 5.25m drill intersection going 6.95% nickel, 2.67% copper and 0.23% cobalt from 185m down-hole at its Investigators prospect near Leonora in WA. Another impressive 6.39m long intersection in a separate hole showed 6.48% nickel, 2.77% copper and 0.21% cobalt from 184.42m down-hole. The impressive results from massive sulphide intercepts continue to expand the footprint of mineralisation at the prospect.

Myanmar Metals’ drill campaign at its Bawdwin base metals project in Myanmar, has intersected high grade mineralisation of up to 45m @ 6.7% lead, 5.6% zinc and 113g/t silver from 76m down-hole in an area previously considered to be waste. The results could significantly add to the Bawdwin resource estimates and the economics of the China Pit pre-feasibility study, both of which are expected in early 2019.