Public Company News

Infinity Lithium has signed a binding letter of intent to sell its non-core Banio and Mamana potash projects in Gabon to an unnamed buyer for up to USD$3 million in cash or shares. The buyer has a 12-month option to pay the full amount in cash or pay USD$2 million in shares in a public or private entity with a further USD$1 million in shares to be paid on delivery of a JORC-compliant scoping study within three years.

Calidus Resources has purchased two prospective exploration licences located adjacent to its flagship Warrawoona gold project near Marble Bar, WA, in a strategy to build on its existing resource base of 1.25 million ounces. The company also completed its 70% earn-in on a joint venture agreement with Novo Resources over certain Warrawoona tenements, by spending $2m spend over three years to obtain the stake holding.

Blackstone Minerals has kicked off drilling at its Ta Khoa nickel project located in northern Vietnam and is initially targeting disseminated sulphide mineralisation at the Ban Phuc prospect, following geophysical surveys that showed chargeable anomalies were present. According to the company, the initial IP survey test line run through the area showed a strong correlation with the known massive and disseminated sulphide occurrences.

ClearVue Technologies looks poised to ride the rising green power revolutionary wave with its unique solar glass invention that converts sunshine into energy, courtesy of its technology that can be embedded into window glass. The glass panels can be used to self-power smart façades that automatically adjust light and ventilation to suit building occupants and also reduce the cost of lighting, cooling and heating.

Great Southern Mining’s maiden drilling program at its Rocky Ponds breccia pipe discovery in northern Queensland has intersected strongly anomalous zones peaking at 0.2g/t gold, 49.7g/t silver, 0.44% copper and 0.58% zinc within sulphide-rich epithermal altered mineralisation. The deposit geology is similar to the Mount Carlton mine, 20km to the south, which hosts 1 million ounces of gold and 33 million ounces of silver.

Strike Energy has intersected pronounced hydrocarbon shows in the Lesueur Sandstone and Woodada Siltstone formations at its West Erregulla-2 well in the Perth Basin, Western Australia. Both formations display fair to good visual porosity in the cuttings and good elevated mud gas readings that were better than those encountered in the nearby West Erregulla-1 well.

Hot Chili has delineated thick, copper-gold mineralisation at its Cuerpo 3 porphyry copper deposit in central Chile, with drilling returning 188m @ 0.9% copper and 0.4g/t gold from 516m down-hole within a much broader 750m intercept. The company said the result from the Cortadera project is one of the best intersections of its type recorded globally and is similar to notable bulk tonnage underground porphyry mines.

PharmAust’s wholly owned synthetic and medicinal chemistry subsidiary, Epichem, is set to further improve its bottom line after paying off the $750,000 loan from Export Finance Australia taken out to help finance the construction of a state-of-the-art laboratory in 2015. This laboratory fuelled growth over the period from 2015 to 2018, with revenues increasing 38% to $3 million in the 2018 financial year.

Infinity Lithium’s San José project in Spain has been recognised as a potential cornerstone component of the European Battery Alliance’s goal of creating an integrated lithium-ion supply chain within the European Union. The EBA will facilitate discussions with other industry participants as part of their “battery mining belt” initiative whilst the European Investment Bank could provide funding to battery raw materials and mining projects.

Hammer Metals’ strategic review of the rare earth element potential of its Mount Isa project in Queensland has delineated two encouraging prospects for follow up work. Light rare earth element prospectivity was highlighted at the Koppany prospect near the historical Mary Kathleen uranium mine and Andy’s Well prospect adjacent to the Kalman project, a further 35 kilometres to the southwest.

Aurora Labs has signed a memorandum of understanding with Swedish industrial company, Gränges AB, that could lead to further collaboration in the use of 3D printed aluminium in the automotive and other industries. Under the agreement, Gränges could also pre-order an Aurora RMP-1 Rapid Manufacturing Printer and supply its proprietary aluminium powder to the company.

In a further demonstration that its Wa gold project in Ghana is still hiding significant ounces outside of the main Kunche deposit, Azumah Resources has delivered a maiden underground resource of 2.4 million tonnes grading 3.59g/t gold for just under 280,000 ounces at its exciting Bepkong deposit, just north of Kunche. The result more than doubles the previous Bepkong resource, now standing at 517,600 ounces grading 2.38g/t gold.