Public Company News

88 Energy has started discussions with the preferred bidder to farm-in to the conventional acreage at its project known as “Project Icewine” in Alaska’s famed North Slope oil province. Evaluation work on the unconventional HRZ shale at Project Icewine is also continuing with the company expecting to have a dataroom ready by mid-2019, which will allow a formal farm-out process to begin.

Spectrum Metals has drilled high grade extensions at its Penny West gold project near Youanmi in WA, intersecting an 8 metre wide intercept of mineralisation grading 24.2g/t gold from 149m down-hole. The zone at Penny North is directly on strike from a historical open pit, that generated 85,000 ounces at 21.8g/t gold in the 1990s. The company has expanded its drilling campaign to follow up the discovery.

Neometals is now fully focussed on progressing the Barrambie vanadium-titanium-magnetite project near Sandstone, WA, towards a final investment decision this year following the completion of the $104m Mt Marion divestment. The company is also planning to complete the Canadian lithium‐ion battery recycling pilot and feasibility study and proving up the potential of its zeolite production process.

Great Southern Mining has discovered strongly anomalous cobalt and scandium mineralisation in laterite from historical aircore drilling programs completed at its Mt Weld project, near Laverton, WA. Best results were 12m @ 0.19% cobalt from 56m down-hole and 16m at 130g/t scandium from 38m down-hole in separate vertical drill holes. The company is also re-assaying drill samples for their platinum group metal potential.

Northern Minerals is raising up to $20m through multiple subscription agreements with a number of sophisticated investors to ramp up exploration at the Dazzler and Iceman prospects in the East Kimberley, WA. The company recently released a maiden resource estimate of 144,000 tonnes grading 2.23% TREO for the Dazzler prospect and expects to release an estimate for the Iceman prospect later this year.

Infinity Lithium is now better positioned to attract investment for its integrated San Jose mine and lithium hydroxide refining project in western Spain after increasing its ownership to 75% by paying AUD$1.6m to JV partner Valoriza Mineria over 14 months. Valoriza will retain its contractor rights to develop the project, ensuring that the partners remain aligned on their goals and focus on moving the venture forward.

Venus Metals has generated a new mineral resource estimate of 134.7 million tonnes grading 0.34% vanadium pentoxide for its Youanmi vanadium oxide project near Sandstone in WA. 64% of the mineral resources lie within the confident measured and indicated categories, which will allow the company to accelerate scoping studies and metallurgical test work and define a maiden ore reserve, based on more targeted definition drilling programs.

St George Mining has drilled two holes that intersected nickel sulphide mineralisation at the new Fairbridge prospect of its Mt Alexander project near Leonora, WA, with a large chargeable anomaly to the north of these holes to be drilled this week. Drilling has also confirmed that a new nickel sulphide zone exists in the previously unexplored 500m strike zone between the Stricklands and Investigators prospects in the Cathedrals Belt.

Coziron Resources’ directors have provided the company with $125,000 in interim funding by way of loans that are convertible into company shares for working capital. The company is planning to carry out infill drilling at its Buddadoo vanadium project in the Murchison, WA, to generate a JORC resource and has identified a number of drill ready targets at the Croydongold project in WA’s Pilbara region.

Hammer Metals is adding another string to its bow with the acquisition of the Bronzewing South gold project in the heart of WA’s gold-rich Yandal greenstone belt. Despite being located along strike from the 4 million ounce Bronzewing mine and the 1 million ounce Orelia deposit, the project remains relatively underexplored due to the transported cover that ranges between 2m and 40m in thickness.

Bellevue Gold’s first pass step-out drilling at its Bellevue project northwest of Leinster in the WA Goldfields has doubled the strike lengths of the high-grade Viago and Tribune gold lodes. Notable results include 4m @ 14.8g/t gold and 6m @ 24.9g/t gold. The company expects to release an upgrade to the current resource of 1.5 million contained ounces grading 11.8g/t gold in the second quarter of this year.

Image Resources has started a program to upgrade ore reserves at its Boonanarring heavy minerals project north of Perth after achieving higher than expected grades since production commenced in December last year. Ore production in January achieved HM grades of 12.6%, more than double the 6% HM estimate of the ore reserve, whilst zircon was 33.5% of the HM content compared to an estimate of 22.9%.