Public Company News

Hawkstone Mining has generated more wide, high-grade mineralisation in separate ore horizons from diamond drilling at the Northern Mineralised Zone of its Big Sandy lithium clay project in Arizona, US. Better results included 26m @ 2,205 ppm lithium from 15m down-hole and 21m @ 2,203 ppm lithium from 10m down-hole from the Upper Zone, within two separate vertical drill holes.

Vonex’s decision to retain an iron ore royalty is poised to pay off after it received the first notification of royalties from the Koolyanobbing iron ore project. Koolyanobbing project owner Mineral Resources plans to ramp up production from 6Mtpa to 8Mtpa by the first quarter of the 2020 financial year and has started a program to extend its mine life.

MGC Pharmaceuticals is expanding its distribution network through agreements with Australian medicinal cannabis distribution and logistics specialists, Health House International and Cannvalate. The non-exclusive agreements cover MGC’s IMP products and expand the network of clinics and pharmacies from which Special Access Scheme applications for these products may be derived.

King River Resources will recommence field exploration programs at its Mt Remarkable gold project near Kununurra, WA, later this month, to build on the success of last year’s discovery of high-grade mineralisation centred on the Trudi Main Zone. The company has also been granted a new exploration licence that surrounds the main prospect area and contains structural geological targets similar to those defined at Trudi.

Ultracharge is selling its electrolyte salt intellectual property that can increase the lifespan and performance of lithium-ion batteries in both high and low temperatures to Singapore-based company SES Holdings for USD$700,000. This will provide the company with short-term funding whilst reducing its intellectual property maintenance and research and development costs.

Black Rock has appointed two experienced executives to support the development and potential construction of its impressive Mahenge graphite project in Tanzania later this year. Ian Murray has joined as a Non-Executive Director and will assist in establishing financing of the project, while Jeffrey Dawkins will work with the Board to institute business platforms to support project development and future mining operations.

Infinity Lithium is sticking with the mantra of “buy local” with the signing of an MoU with Spanish industrial group Ercros for the future supply of reagents required to produce lithium chemicals at its San Jose project in Spain. Ercros’ existing network of caustic soda tanks makes it ideally suited to help meet Infinity’s goal of controlling its carbon footprint throughout the entire lithium chemical production process.

Nusantara Resources is forging closer ties with strategic partner Indika Energy to hasten the development of its Awak Mas gold project in Indonesia and has appointed Greg Foulis as its Executive Chairman. The company will also build a development team in Indonesia with the technical capabilities to move the project forward whilst continuing to engage with potential banks to provide project financing.

Hawkstone Mining has appointed the former Chief Technical Officer to Lithium Americas Corp, Dr David Deak, as its technical advisor to oversee development of the Big Sandy lithium clay project in Arizona, US. Dr Deak previously led the team that delivered the PFS for the Thacker Pass lithium clay project in Nevada, which will generate 3.135 million tonnes of lithium carbonate equivalent over a 46-year mine life.

BlackEarth Minerals has engaged AustMin to provide consultancy services relating to offtake, funding, development and general collaboration in China for its flagship Maniry graphite project in Madagascar. AustMin founder Eileen Hao has provided consultancy services to graphite companies such as Syrah Resources and has also been instrumental in securing offtake agreements for several other Australian companies.

Northern Minerals has kicked off a program of drilling at the high-grade, heavy rare earth Dazzler and Iceman prospects, located south of its Browns Range mining and pilot processing operations near Halls Creek, WA. The short campaign will target infill and extensional positions at both prospects, which will potentially upgrade the existing Dazzler resource and facilitate the estimation of a maiden mineral resource for Iceman.

3D printing specialist Aurora Labs is closing in on the commercialisation of its revolutionary MCP 3D printing technology with the completion of its RMP1 Beta Printer. This pre-production machine can print parts with 10 times the volume of the earlier Alpha 2 test machine and will be almost identical to the company’s final production line machines, which are expected to become available later this year.