Public Company News

Terrain Minerals has reported excellent metallurgical gold recoveries averaging over 96% from ore composites of its oxidised, transitional and fresh ores at the Great Western project, near Leonora in W.A. The results imply that a conventional milling and processing route is likely to be suitable for the company’s future ore production. Terrain also submitted works proposals for exploratory drilling at its Wild-viper project that surrounds Great Western.

Artemis Resources has recovered 225 ounces of gold nuggets to date from its ongoing conglomerate gold exploration play at the 47K Patch and Purdy’s Reward discoveries, just south of Karratha, in the western Pilbara region of W.A. The company is working with CSIRO and is currently completing a geophysical survey over 47K Patch. Bulk sampling will be carried out once all data is consolidated, integrated and processed.

Sky and Space Global has developed new network management and data compression software for its 200 telecommunications “nano-satellites” that are set to be blasted into space in 2019. The company is also developing an autonomous management system and fuel optimisation software that together will allow the nano-satellite constellation to be operated autonomously.

Myanmar Metals has completed its scoping study for the Bawdwin base metal project in central Myanmar, saying that it will redevelop the historical mine, starting with a low cost, low strip ratio cutback of the high grade China Lode over a 13-year initial mine life, which will accelerate its cash flow position. The milestone precedes a PFS due in early 2019, along with a maiden ore reserve estimate.

Australian Potash and Salt Lake Potash have signed a memorandum of understanding and cooperation agreement to study the potential cost savings from sharing infrastructure at their respective Lake Wells projects in the Goldfields region of W.A. The joint study will initially focus on joint infrastructure developments and will also study the potential for cost sharing on common evaporation and salt processing facilities.

Lithium Australia will send samples of its lithium iron phosphate cathode powders produced from its VSPC plant in Brisbane to Chinese battery manufacturers for testing. The company has already completed a number of pilot-plant production runs and is seeking confirmation of the high capacity of its battery cathode material from the lucrative Chinese lithium battery manufacturing market.

Having just banked a maiden resource estimate at its Razafy graphite project, BlackEarth Minerals has now commenced a regional exploration program at its Maniry and Ianapera projects in Madagascar. The company is planning close spaced trenching and sampling work to outline future high grade drilling targets and is now looking to also table its scoping study for Razafy and a resource estimate for the Haja prospect later in the year.

Surefire Resources has confirmed thick, high grade, vanadium rich magnetite mineralisation in three separate ore horizons from a drill program at its Unaly Hill project near Sandstone. The best result was 50.8m grading a very respectable 0.55% vanadium pentoxide from 298m down-hole, which included 9m @ 0.89% vanadium oxide from 306m. Ore composites will now undergo comprehensive testing to determine the characteristics of the upgraded concentrates.

Kairos Minerals has identified a new conglomerate gold target at its Croydon Project in the Pilbara region of W.A after stumbling across a bonanza gold nugget patch just weeks after starting its conglomerate exploration program. Additional mapping, stream sediment sampling and metal detecting is currently underway in earnest now whilst diamond drilling will determine the overall dimensions of the find.

ASX listed Australian Potash has been granted the mining leases it requires to develop and operate the Lake Wells sulphate of potash project that is located 180km northeast of Laverton in the Goldfields region of W.A. The company’s field work over the next quarter will include its geotechnical program and additional work required for a reserve estimate. It plans to report the results of its DFS in 2019.

Terrain Minerals has unearthed some encouraging base metals and gold results from its maiden drill program at the Red Mulga project, near Geraldton. A highly anomalous result of 5m grading 0.15% nickel and 0.35% chromium from 33m down-hole was returned from a mafic schist in the south of the project and elevated levels of copper to 0.74% and zinc and gold were also located in rocks to the north.

Artemis Resources has reported exceptional high grade cobalt results and solid gold and copper numbers, from a drill campaign at its Carlow Castle project near Karratha in W.A. Results include a new cobalt zone at the Quod Est prospect that produced 17m @ 0.61% cobalt, 1.86g/t gold and 0.05% copper from 88m down-hole. The company also outlined high-grade ore intercepts from infill drilling at the nearby prospect areas.