Public Company News

Nine years ago, Hot Chili won the prestigious Emerging Company Award at Diggers & Dealers in Kalgoorlie and this week the company is presenting there again as one of only two companies worldwide to make a major copper discovery since 2016 which has now attracted the interest of mega resource house Glencore. Hot Chili’s rival in the major copper discovery space is Rio Tinto’s Winu discovery in WA.

ASX-listed Great Southern Mining has tabled multiple stellar gold intercepts at its 100 per cent owned Duketon gold project some 45km north of Laverton in the Goldfields of Western Australia. An outstanding 59m hit going 2.1 grams per tonne gold from 53m leads the pack and includes a 9m intersection going at 4.5 g/t and another 16m at 3.2 g/t gold.

Venus Metals and Rox Resources have launched a major drilling offensive at their joint ventured “Youanmi Regional” project in WA. An array of gold prospects on the partners’ ground-holdings will be the subject of a serious 22,000m aircore drilling campaign consisting of 540 holes. The JV says the program will target high-grade gold mineralisation along an 18.5km greenstone corridor between the well-known Youanmi and Penny gold deposits.

ASX-listed gold producer Ora Banda Mining has picked up a smattering of gold sniffs from a regional first-pass aircore drilling program probing priority grassroots targets near its flagship multi-deposit Davyhurst gold mine 120km north-west of Kalgoorlie. The Perth-based company put down about 150 holes for an aggregate coverage of more than 16,000m across the stack of gold prospects that have not seen any drilling previously.

ASX-listed Conico Limited has hit more sulphides as its drilling campaign ramps up at the Ryberg project in Greenland. Matrix sulphide mineralisation was intersected over 2.9 metres from 96.8 metres in one drill hole and trace sulphides were encountered from 278 to 280 metres downhole in another. The drill rigs have started two new holes in search of a significant magnetic anomaly interpreted from a downhole survey.

Twenty Seven Co is set to fast-track a drilling campaign at its 100 per cent owned Rover gold project south-east of Sandstone in the Goldfields of Western Australia after COVID-19 has delayed its plans to get the rods spinning in NSW. The company is looking to have boots on the ground at Rover in September to follow-up on previous stellar hits including 14m at 4.05 grams per tonne gold from 49m at the Creasy North prospect, which also takes in a 1m interval at a bumper 51.2 g/t gold.

ASX listed health-tech player InteliCare Holdings continues to build momentum, completing another successful quarter and recording strong sales growth. The company recently turbo charged the marketing of its remote monitoring healthcare technology, leading to a leap in sales of some 69 per cent quarter on quarter.

Kingwest Resources has chalked up a cluster of encouraging gold intersections from a recent round of follow-up reverse circulation drilling at its promising Goongarrie gold project about 90km north of Kalgoorlie in WA. The stand-out composite assays were 20m grading a respectable 2.55 grams per tonne gold from 72m including 8m at 4.94 g/t from 72m, 4m going at 2.18 g/t from 64m and 8m at 1.43 g/t from 44m.

Anglo Australian Resources continues to intersect gold with extensional drilling at its Mandilla gold project in WA. Eye-catching widths and impressive grades include a staggering 64.57 metres grading 3.49 grams per tonne gold from 190m at Mandilla East. An update to the mineral resource estimate has commenced. The company believes recent results are likely to add significantly to the resource.

Ora Banda Mining has boosted its gold reserves by 10,000 ounces across the six key deposits at its flagship Davyhurst Gold Project in the Goldfields despite the fact that it mined 28,000 ounces of it during FY21. The company is ironing out teething problems at the reinvented mine as it looks to ramp the project up to its nameplate capacity of around 80,000 ounces of production a year.

White Cliff Minerals has identified a smattering of new drill targets at its Reedy South gold project in WA following a fruitful soil sampling program across key prospects. The company returned a maximum gold value of 137ppb after gathering 383 additional soil samples covering areas south and west of its previous sampling at the McCaskill’s Hill and Cracker Jack deposits and the southern portion of the Pegasus deposit.

ASX-listed aspiring gold developer Horizon Minerals has returned a swag of encouraging drill intersections of between one and three grams per tonne gold from a first-pass reverse circulation program at its flagship Boorara project near Kalgoorlie in WA. The drilling vectored in on several prospects lining a 10km corridor that takes in the company’s centrepiece 448,240-ounce Boorara deposit and smaller 30,720-ounce Golden Ridge deposit.