Public Company News

Legend Mining has identified two significant new bedrock conductors at the Shackleton prospect within its Rockford Project in the revered Fraser Range that may be prospective for VMS mineralisation. The company plans to carry out RC and diamond drilling to test the Shackleton 1 conductor and carry out further surveying over this trend in 2019.

St George Mining has intersected a 5.25m drill intersection going 6.95% nickel, 2.67% copper, 0.23% cobalt and 3.1g/t palladium plus platinum from 185m down-hole at its Investigators prospect near Leonora in WA. Another impressive 8.49m long intersection in a separate hole showed 5.78% nickel, 2.64% copper, 0.18% cobalt and 3.61g/t palladium plus platinum from 183.9m down-hole. The impressive results continue to extend the mineralised footprint at the prospect.

Vonex has reported its highest ever monthly customer billings of $741,000 in November, a year‐on‐year growth of more than 13%, largely due to the market disruption caused by the continued rollout of the NBN in metropolitan areas and the start of its online marketing campaign across Australia. The company has also grown the number of registered cloud based PBAX users by 26% year‐on‐year to 25,800.

Aurora Labs has formed an equal joint venture with leading Australian mining services and engineering group, WorleyParsons, to provide 3D printing services to the oil and gas, mining and major infrastructure industries. This will allow the company to offer its innovate 3D printing technology and expertise to existing and new clients of WorleyParsons.

Metalicity Limited is now geared for exploration at its prospective new copper project tenements in the highly sought after Paterson region in WA, after netting nearly AUD$1.5m from the sale of non-core lithium and cobalt assets. The company’s Pilbara lithium project was sold to Chilean major SQM for AUD$1.35m and a royalty, whilst its Yerrida cobalt project was purchased by Great Western Exploration for $170,000 in cash and shares.

88 Energy has received strong interest in the farm-out of its conventional oil play at its Project Icewine in Alaska’s famed North Slope oil province and has extended its deadline for offers to the first quarter of 2019. The company is also carrying out lab tests and other studies to better understand its unconventional HRZ shale before starting farm-out proceedings next year.

Hammer Metals has generated its maiden mineral resource for the Jubilee deposit near Mount Isa in Queensland, defining 1.4 million tonnes grading 1.41% copper and 0.62g/t gold. The project is of a similar size and mineralisation style to other copper-gold deposits successfully mined by small-scale open pit operations elsewhere in the district, providing the company some confidence that Jubilee may be economically extracted in the future.

Strike Energy continues to achieve greater continuous flows of gas from its super-deep Jaws-1 coal seam gas well in the Cooper Basin, South Australia, as more coal enters the critical desorption window. Water production has also remained steady which is an indicator that continued fluid recovery will lead to more gas production growth.

Middle Island Resources has been awarded a $150,000 grant from the WA Government, which will assist in funding an exploratory diamond drilling program on three geophysical gravity targets at its Sandstone gold project in WA. The discrete gravity lows are interpreted to be similar to, and located within a 1km radius of the major Two Mile Hill tonalite deposit, which is a large, low grade, gold-mineralised ore system.

WA agribusiness player Alterra is another step closer to demerging its carbon forestry business after receiving proxy votes that favoured the demerger. The company is seeking shareholder approval at Thursday’s extraordinary meeting for the demerger, which will place its carbon arm and a solid stream of income into the hands of individual Alterra shareholders.

King River Resources, formerly King River Copper is focusing on an alternative development plan centred on the use of acid leaching for its giant Speewah vanadium project in the east Kimberley region of WA. This has the potential for capital and operating costs savings whilst increasing and diversifying product outputs and revenue opportunities.

Artemis Resources has announced an updated mineral resource estimate of 975,000 tonnes grading 2g/t gold for just under 63,000 ounces at its satellite Weerianna gold project, just 35km from its 500,000 tonne per annum Radio Hill processing plant near Karratha in WA. Gold mineralisation at Weerianna outcrops at surface and the deposit could potentially be mined by open cut methods as an ore feed for the existing plant.