Public Company News

Rox Resources has hit the ground running at its Mt Fisher gold project near Wiluna, WA, with encouraging new assay results returned from drilling at the Dam, Dirks and Damsel South prospects. The company believes that the potential for uncovering large gold zones at the project is high despite deep weathering that obscures the basement rocks and geological structures, which has resulted in sparse drilling below the oxidised profile.

Image Resources has received the green light to drill a 1.3 km section of the highly prospective 5.6km northern extension area, or “NEA”, within its high-grade, zircon-rich Boonanarring mineral sands project, 80km north of Perth, WA. Drilling and assessment of mineralisation in the NEA is aimed at verifying the presence of economic mineralisation to increase the project’s mine life.

Indonesia focussed gold developer, Nusantara Resources, has increased its confidence in the potential for a grade uplift to be realised once its Awak Mas gold project on the island of Sulawesi, Indonesia, is in production. Trenches dug across an exploration bench have demonstrated additional high-grade structures that were not captured by ore reserve drilling and related block models.

Spectrum Metals’ Phase II drilling campaign at the Penny West project near Youanmi, WA, has returned additional, deep high-grade gold intersections at the Penny North discovery, extending the mineralisation down-plunge. New drill intercepts included 5m @ 24.4g/t gold from 241m down-hole, 6m @ 14.8g/t gold from 268m down-hole and another hole that recorded 11m @ 3.9g/t from 221m down-hole and 3m @ 15.4g/t gold from 239m down-hole.

Intermin Resources’ ongoing regional drilling activities in the Goldfields region of WA, have delivered encouraging assays following up on historical drill results and testing of new prospect areas. At the Teal East prospect, an intersection of 12m @ 4.19g/t gold from 76m down-hole has extended the existing mineralisation and provided a good foundation for growing the current Teal mineral resource of nearly 290,000 ounces.

Anglo Australian Resources has confirmed that supergene gold mineralisation at the Think Big prospect within its flagship Feysville project near Kalgoorlie is largely continuous over 200m of strike and up to 80m wide. Infill drilling recorded a top result of 10 metres grading 10 grams per tonne gold from 23 metres down-hole, including a peak 1m intersection grading 76.1g/t gold.

Australian Potash has received recognition for the test work activities that will feed into the ongoing definitive feasibility study at its Lake Wells sulphate of potash, or “SOP”, project near Laverton, WA, with the receipt of a $1.3 million research and development tax rebate. Proceeds from the tax refund will be used to complete the work streams feeding into the study, which is scheduled to be completed before the end of this year.

Image Resources has confirmed the presence of a high-grade core of zircon-rich mineral sands, with a close-spaced drilling program over the eastern strand line of its Boonanarring project, located north of Perth in WA. The company said assay results from the infill program at Block C were encouraging and corroborate mining and processing results at the mine, which show higher ore grades than had initially been forecast.

PharmAust has received the key ethics approval from the New South Wales Department of Primary Industry to proceed with the Phase II clinical trials for its anti-cancer drug Monepantel in dogs with B-cell lymphoma, the most common form of canine cancer. The company will begin recruitment of dogs for the Phase II trial after it takes delivery of the tablets from the US in August or September.

Legend Mining has selected conductor D5 within its Area D prospect area in the Fraser Range region of WA, as the highest priority target for diamond drilling later this year. The company controls vast tenement holdings over 3,000 square kilometres in the area and a recent review of all existing drilling data, geophysical interpretations, ore mineralogy studies and encouraging geochemical signatures has led to the conclusion.

ClearVue Technologies has signed a memorandum of understanding with Taiwanese manufacturer BeyondPV to secure supplies of solar photovoltaic, or “PV”, strip modules. Under the agreement, BeyondPV will invest about USD$3.5 million to establish a dedicated production line to produce ClearVue’s solar PV strip modules, while carrying out research and development to improve ClearVue’s products and technology.

Lithium Australia’s ongoing lithium drilling at the prospective Youanmi project near Sandstone in WA’s Murchison region has had initial success, with many of the 22 holes drilled to date intersecting visible lepidolite mineralisation. The company has also dispatched samples from its completed four-hole vanadium drilling program at Youanmi for chemical analyses and metallurgical test work.