Public Company News

Terrain Minerals is finalising a 1000 metre RC program to drill a number of never-before-tested targets at its Red Mulga project in the Murchison. The exciting greenfields project will explore a previously unrecognised occurrence of ultramafic rocks on the margin of the Yilgarn Craton with potential for nickel, cobalt and precious metals. The frontier nature of the project will be of interest to others in the region.

Calima Energy reports that ConocoPhillips has increased its land holding by 32% near its liquids-rich, Montney oil & gas play in Canada. The purchase of 35,000 acres for CAD$154M, which is above recent transaction metrics, shows that interest and the latent value in the region is increasing. Calima is ahead of its exploration schedule in the Montney with approvals in place to drill three wells in late 2018 .

Legend Mining has reported highly anomalous nickel-copper assays from an infill aircore drilling program at its Rockford project in the Fraser Range of W.A. The intersection of 14m @ 0.37% nickel and 0.43% copper from 72m depth is the most encouraging identified to date and contained visible sulphides in the same mafic intrusive that hosts the Nova-Bollinger deposit, 120km to the southwest.

In the mining game it's possible to experience the highest highs and the lowest lows. After staring into the abyss last year, Blackham Resources’ Matilda/Wiluna project is now knocking on the door of the 90,000 ounce a year club, producing gold at under $1100 an ounce at a mind blowingly low stripping ratio of just 2.5:1, with high grade stock piles that can be plundered at will.

The impending Vonex internet based telco float, backed by State One Stockbroking, will be fascinating to watch as the new ASX arrival muscles its way into big telco territory with its very own, in house, cloud based telephony technology. Every good float needs both a base load revenue story and a blue-sky pitch and Vonex certainly doesn’t disappoint in either department.

Underwater drone specialist Aquabotix has announced the launch of its “Swarm Diver” product, an autonomous underwater and sea-surface robot that can work in cooperation with other units of its kind on security, recovery and data collection missions. The Sydney and US-based company says the remote-controlled vehicle, which weighs 1.7 kilograms, is the first of its kind commercially available.

Nzuri Copper has appointed Lycopodium Minerals as its key engineering contractor for the Stage 1 Dense Media Separation plant at the Kalongwe copper-cobalt project in the DRC. Lycopodium was also retained for a Stage 2 economic assessment at the project. Nzuri are moving at a cracking pace now at Kalongwe which is in real danger of actually producing copper some time soon.

Auroch Minerals has opened up a new exploration front, targeting high-grade zinc, lead and maybe even a hint of cobalt in the metals-rich Adelaide Geosyncline after finalising the acquisition of two very interesting looking projects in South Australia. Previous exploration by the likes of Rio Tinto has produced drill hits of up to 26.9% zinc, however the two new projects are yet to be properly drill tested.

Things could move quickly for Geopacific after its DFS hits the streets in the third quarter of this year given that its Woodlark Island gold project in PNG is already sitting on a fully permitted and granted mining lease. The PFS was completed in March and showed a robust, 100,000 ounce a year, low cost, low stripping ratio open pit operation with an expected post tax 2 year payback.

Newly listed BlackEarth Minerals continues to set a cracking pace at its Maniry graphite project in Madagascar, with 15 diamond holes already drilled that will assist the Perth company to churn out a maiden resource by the middle of the year. Early results have been very encouraging, showing thick and highly consistent graphite beds that will allow wider-spaced drilling than previously planned.

Altech Chemicals’ vision of becoming the world’s leading producer of high-purity alumina has been de-risked with the Perth-based junior completing the purchase of 92 hectares of land at its Meckering kaolin mine, east of Perth. Settlement will give Altech unrestricted access to the area as it accelerates down the home straight towards construction of its high-purity alumina plant in Malaysia.

St George Mining has intersected additional high-grade nickel sulphides at the Stricklands prospect at the Mt Alexander project, near Leonora in W.A. The 10.9 metre combined intercept is true width, starting from 56m downhole and contained 1.1m @ 6.7% Ni and 1.9% Cu.