Public Company News

Australian Bauxite has just uncovered the highest level of rare earth elements to date from its DL130 bauxite project in north-east Tasmania. The company says near-surface results returned from its ongoing drilling campaign at DL130 reveal strong enrichment of the super-magnet rare earth element, neodymium. Assays from the stand-out drill hole include 1m grading 145.8ppm neodymium, 34.55ppm dysprosium, 34.52ppm praseodymium and 5.55ppm terbium.

Native Mineral Resources has upped the ante at its Palmerville project in north Queensland. A recently completed sampling program has delivered two new bumper grade copper samples going as high as 19.99 per cent copper at the Glenroy prospect and 7.99 per cent copper at the Fairlight prospect. Extensive follow-up exploration is now planned for the next quarter.

AVZ Minerals hopes to have a key precursor to the planned development of its Manono hard-rock lithium and tin mining and processing operation in the Democratic Republic of the Congo ratified by the end of May. The new DRC Government will shortly consider applying a proposed tax and fiscal incentive arrangement called the “Manono Special Economic Zone” to the project following AVZ’s presentation to a government delegation last month.

Torian Resources is set to dip its toe into the mining contracting business with the gold explorer exercising an option to buy both Carhill Contracting and the massive Tarmoola pastoral station where the business is operated from. The company’s purchase also delivers a ready-made logistical base to fast-track exploration across its flagship Mt Stirling gold project, north of Leonora in WA.

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.