Public Company News

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%.

Artemis Resources has completed a ground geophysical gravity survey program over priority exploration targets it defined in January over the Armada project in the emerging Paterson Range copper-gold province of WA. The company will now integrate the processed gravity data with the recently collected magnetic data to identify and prioritise potential drilling targets at the intriguing project.

PharmAust is basking in the early success of Phase I clinical trials for its flagship anti-cancer drug Monepantel in dogs. Preliminary results show that the blood concentrations of Monepantel in the test subjects already exceeded levels observed to achieve anti-cancer activity after administrating just one tablet. The company has now started the dose escalation component of the Phase I trial on schedule.

Rox Resources will start poking holes in its exciting looking portfolio of WA-based gold projects in the northeastern Goldfields next quarter with a view to proving up new mineral resources in the under-explored region. The company already holds 89,000 resource ounces at its Mt Fisher project and confidently expects to grow this with a full revision of historical data and a focussed work program.

BlackEarth Minerals has received another outstanding set of high grade graphite assays from its surface trenching program at the Ianapera project located in southern Madagascar. Best results included 14m grading 10.36% total graphitic carbon, which incorporated 2m @ 23.9% TGC and 2m @ 10.9% TGC. The trench samples approximate the true width of the mineralisation and outline the potential for a significant resource tonnage.

Tyranna Resources has defined an updated mineral resource of 762,000 tonnes grading 1.8 grams per tonne gold, or 43,100 contained ounces, below the existing open pit at its Eureka gold project near Kalgoorlie. The resource remains open along strike to the north, south and at depth. The company plans to carry out near mine drilling, starting with the southern mining leases, to test for the mineralised potential.

Europe’s shift from a reliance on fossil fuels has resulted in a corresponding increase in its sustainability and carbon footprint requirements. This has brought into focus the need for a strategic local supply chain for the manufacture of lithium-ion batteries in its expanding EV market. Infinity Lithium’s Spanish San Jose project, where the company aims to mine, process and refine lithium chemicals, could potentially benefit from these changing obligations.

Altech Chemicals continues to make good progress on the stage one construction of its high purity alumina, or “HPA”, processing plant in Johor, Malaysia, with initial site establishment activities now complete. The company recently appointed Macquarie Bank as the preferred mezzanine lender for the HPA plant. Completion of the mezzanine facility is conditional on the outcome of due diligence that is currently underway.

ASX-listed Calidus Resources has appointed Paul Brennan as its Chief Operating Officer to assist with the development of its flagship Warrawoona gold project in WA, which is moving towards the release of a pre-feasibility study in the third quarter of this year. The company is planning to start drilling of untested regional anomalies in the next two weeks.