Public Company News

Bellevue Gold is accelerating an updated resource estimate for its namesake gold project near Leinster in WA to the first quarter of 2019 thanks to ongoing high grade drilling results such as 2.4m @ 26.1g/t gold from 269.89m and 1.3m @ 35.2g/t gold. Drilling has also extended the Bellevue lode by a further 230m to the south of historic underground workings where mineralisation remains open in that direction.

Graphite developer BlackEarth Minerals has generated a high grade 95% graphite concentrate product from its Razafy graphite deposit in southern Madagascar, with nearly 50% reporting above the premium large flake size. Results from the recent test work will be used to finalise the project’s processing flow sheet and ongoing scoping study, ahead of a BFS which is due to kick off in the first quarter of 2019.

Sometime in the next few weeks, ASX listed tech company, Aurora Labs, is expected to officially launch its game changing, multi-level, 3D printer that is capable of printing about 30 layers in a single pass. The company says the new printer could drastically lower the cost of 3D printing. In the next six to twelve months, Aurora is also planning to introduce a full-sized, large format 3D printer that could print up to 100 layers in a single pass.

Mongolia focussed coal developer Aspire Mining has completed a $15m financing package for its Ovoot coking coal project in the northwest of the country and is now debt free and fully funded to complete the required feasibility work. Upcoming studies will focus on a high quality, low ash, low strip ratio carve out from the Ovoot ore reserve, concentrating on extraction and processing of the premium Ovoot upper seam.

Phylogica’s biological “peptide” vaccine has performed the best in coaxing an immune response against HSV during animal testing, with 75% of the mice treated with its peptides mated to a common HSV antigen showing no detectable signs of the virus. The company will now pit its peptide vaccine against Swiss company Amal Therapeutics’ zebra CPP with results expected in the first quarter of 2019.

Southern Gold says that JV partner Bluebird Merchant Ventures has produced high recoveries of gold up to 80% and around 60% for silver, from simple gravity separation met test work at the Kochang project in South Korea. The company also said that a low CAPEX option for initial processing could result in early cash flows from the proposed Kochang operation, based on recoveries of precious metals via gravity techniques.

Calima Energy is now tantalisingly close to drilling its exciting oil and gas play in the revered Canadian Montney formation with the access road to the drill pad for its planned three well program now complete. Calima’s share price has held steadfast over the last year with only one brief foray below its floor price of 4.5c as investors choose to stay the course and await the moment of truth.

Affinity Energy and Health has signed a non-binding heads of agreement with St John of God Hospital Subiaco to identify and undertake medical cannabis research and development projects. St John has a strong focus on research and medical excellence that is expected to help Affinity underpin the commercialisation of its Australian medical cannabis strategy.

Ironbark Zinc has kicked off a helicopter-borne electromagnetic survey to gain a better understanding of the large-scale Jerangle prospect at its Captains Flat multi-element project in New South Wales. Earlier drilling by the company returned significant base metal intercepts such as 4.4m @ 12.05% zinc , which follows up on historic drill results.

Coziron Resources’ rock chip sampling program at the Croydon Top Camp project in WA’s Pilbara region has returned up to 12% copper, 2g/t gold and 0.34% cobalt at the newly named Martin prospect, which represents a drill-ready target. Sampling at the Top Camp prospect has also highlighted areas that are ready for an initial RC drilling program to delineate the subsurface rock-types and down-hole geochemistry.

Calidus Resources has confirmed that its existing 654,000 ounce Klondyke mineral resource still has legs, this week reporting significant depth extensions at the impressively mineralised gold deposit. All deep drill holes from the recent campaign returned mineralisation, peaking at 12.65 metres grading 3.25g/t gold from 253.3m down-hole. Others results were 6.97m @ 4.33g/t gold from 224m down-hole and 6.5m @ 3.43g/t from 207.8m down-hole - in separate holes.

Fraser Range explorer, Legend Mining, has unearthed two new targets from aircore drilling at its emerging Rockford project in the revered Fraser Range. The first new target defined at Rockford South returned encouraging results peaking at 3m @ 0.71% nickel and 0.04% cobalt from 40m down-hole. About 9.5km to the northeast, the company intersected anomalous copper-zinc-silver mineralisation at the Area S prospect above an electrically conductive geophysical anomaly.