Public Company News

Rox Resources has signed a binding term sheet to earn up to a 75% interest in Cullen Resources’ Mt Eureka tenements that host extensions of the company’s existing Fisher East nickel deposits. Rox can earn a 51% stake in Mt Eureka by spending $1m on exploration within three years and the remaining 24% by spending an additional $1m on exploration over a further three-year period.

King River Resources has flagged the potential to further reduce the estimated capital cost of its giant Speewah vanadium/titanium/iron project in WA’s Kimberley region by USD$152m to USD$524m. According to a recommendation by Perth-based engineering firm, Como Engineers, the cost reduction could be achieved by reducing the planned start-up mining rate to correspond with a more standard-sized acid plant installation.

Alterra has executed a three-year local partner services agreement with West Australian-based avocado grower, French’s Group. French’s Group will provide local representation, assistance with origination and assessment of investment opportunities, localised production experience and technical support to Alterra in the Peel, South West and Great Southern regions of WA.

Horizon Minerals has firmed up confidence in the Crake prospect within its Binduli gold project near Kalgoorlie after drilling returned a top intersection of 3 metres grading 7.41 grams per tonne gold from 81m down-hole. The results demonstrate both width and grade continuity across a 450m strike length with the company saying that mineralisation remains open in all directions.

Calidus Resources has kicked off a major drilling campaign at its Warrawoona gold project located near Marble Bar in WA’s eastern Pilbara region, which is aimed at improving confidence in the existing mineral resources and expanding the mine-life beyond the initial six years. The work will be centred around the Klondyke open pit and underground resources, but will also include regional greenfields exploration at Klondyke West.

ClearVue Technologies is jumping on the growing micro-home bandwagon with the signing of a collaboration agreement with Swedish developer Attefallshus AB. Under the agreement, Attefallshus will integrate ClearVue’s proprietary solar glass window technology into its micro-homes and other construction projects where appropriate, exclusively in Sweden, Denmark, Norway and Finland.

Spectrum Metals’ ongoing drilling campaign at the Penny North gold discovery near Youanmi in WA continues to impress. The company has now extended the length of its high-grade ore shoot to 260 metres with exceptional new intersections like 3m @ 83.7g/t gold. Spectrum has also revealed more gold mineralisation from Penny South, beneath the historical Penny West pit, with 2m @ 17.1g/t gold from 182m down-hole.

Lithium Australia has now extended the strike of lithium-bearing pegmatites at its Youanmi project near Sandstone in WA’s Murchison region to over 2,500 metres after its recent drill campaign returned more lithium hits. The results include a top hit of 1 metre grading 4.1% lithium oxide from 23m down-hole within a broader intercept of 6m @ 1.6% lithium oxide from 22m.

Blackstone Minerals has nailed a plethora of new nickel sulphide exploration targets from its maiden geophysical survey program at the emerging Ta Khoa project, west of Hanoi, in northern Vietnam. The induced polarisation survey showed a strong correlation with existing positions of nickel mineralisation at the flagship Ban Phuc prospect and outlined new targets at the Ban Khoa and King Snake prospects nearby.

TNG Limited has flagged the potential to reduce mining costs and costs associated with waste haulage of tailings at its flagship Mount Peake vanadium-titanium-iron mine in the Northern Territory. The company said this could be achieved by focussing on two higher grade vanadium pits during the first 10 years of operation, which will lower ore mining and processing rates without affecting production.

Australian telco disruptor, Vonex, has officially launched its partnership with Australia’s largest business to business loyalty program, Qantas Business Rewards. The partnership allows businesses of any size in the QBR program to earn reward points for their expenditure on the company’s products and has the potential to grow its brand awareness, recognition and sales growth.

Clutching an armoury of excellent previous gold drilling results, Classic Minerals is now well and truly blooded and up for the hunt at Kat Gap near Southern Cross. The ASX minnow has kicked off a new drilling campaign aimed at testing down-dip projections of high-grade mineralisation it previously intersected with drilling to focus on the 400 metres of strike to a depth of about 100m, double the average depth of previous holes.