Public Company News

Lithium Australia’s advancing suite of lithium-related projects has prompted the company to beef up its board and senior management. The company has appointed veteran resources industry player and lithium specialist, Phil Thick as a Non-Executive Director and Stuart Tarrant as its Chief Financial Officer. Thick was previously General Manager of the part owner of the largest hard-rock lithium mining operation in the world at Greenbushes in WA.

WA focused nickel explorer St George Mining continues to intercept nickel sulphides beneath the high-grade deposits at the Mt Alexander project in the Goldfields. Step-out drilling from a recent discovery hole has commenced with the company now well-funded for future works via an oversubscribed $7 million capital raise. A maiden drilling campaign at the Paterson project is also due to begin in May.

Novo Resources’ commissioning of its Beatons Creek conglomerate gold mine at Nullagine in WA’s East Pilbara has been gathering a head of steam as the operation ramps up to steady state gold production over the coming months. The company says the Golden Eagle gold processing plant 10km south-east of Beatons Creek has produced a total of 7,375 ounces of gold since the first gold pour on February 16.

Troy Resources has delivered more impressive high-grade gold hits as it looks to grow the ounces beneath its operating Smarts open pit gold mine in Guyana, South America. One recent 3 metre drill intercept graded 17.35 grams per tonne gold from 176 metres and the company managed to grow its gold production for the March by a whopping 75 per cent from 4,195 ounces in the December quarter to 7,333 ounces.

ASX-listed Image Resources has chalked up record quarterly production numbers at its mineral sands mine about 80km north of Perth. The company says it churned out 85,200 tonnes of product for the March quarter at its zircon-rich Boonanarring mineral sands operation. The Perth-based company says the all-in sustaining costs of Boonanarring product sold also came in below the lower end of its guidance range for this year.

InteliCare Holdings has posted a lovely set of numbers as part of its latest financial update. The company recently announced an incredible 911 per cent increase in customer receipts for the March quarter when compared to the previous quarter and a significant 55 per cent hike in revenues for the year to date as its artificially intelligent, in-home monitoring systems for the disabled and elderly start to gain market acceptance.

Wiluna Mining Corporation’s expansion program in WA looks to be on-track, with the new sulphide processing circuit now under construction whilst new mine development and exploration continues apace. The company has completed a frenetic quarter that saw it push the button on the Stage 1 development program, which will likely see Wiluna double its gold production in the year ahead.

ASX-listed mining software-as-a-service provider, K2fly has wasted no time picking up contracts since its acquisition of the Decipher for Mining business from Wesfarmers subsidiary, CSBP earlier this year. Decipher recently secured a three-year, $250,000 contract with Evolution Mining for the implementation of a tailings storage software system at its Lake Cowal open-cut gold mine in NSW.

Kairos Minerals has kicked its exploration efforts into high gear with a drilling blitz across two projects in WA. A 3,000-metre campaign at Roe Hills targeting gold and nickel in the Goldfields has already begun, with a 20,000-metre program looking to grow the gold resources at Mt York in the Pilbara to follow.

Altech Chemicals has joined forces with Germany’s SGL Carbon to explore the production of an alumina coated graphite product for use in the budding lithium-ion battery sector. The company will contribute its high purity alumina, or “HPA” product and proprietary coating technology to the project whilst SGL will deliver ongoing engineering support and treatment systems for the production of HPA powders.

ASX-listed health care company, InteliCare is topping up its coffers to the tune of $2.5 million through a recent placement with the funds set to be put to work to accelerate the roll out of its range of innovative healthcare products across the country. The company has received firm commitments from a slew of investors and will boast an enviable cash balance of more than $4.3 million once its placement is completed.

ASX-listed explorer, Si6 Metals has its field team going full tilt now in Botswana as the company looks to identify deeper sulphide targets. The company is about to deploy a round of Geophysics and a 27 -line AMT Survey to map existing mineralisation with the ultimate goal of eking out some deeper targets to chase with the drill rig.