Public Company News

Barton Gold has executed two Native Title Mining Agreements with the Gawler Ranges Aboriginal Corporation RNTB. The most important of the agreements involves three exploration tenements covering the entirety of the Tunkillia project. A second agreement was inked to cover a small portion of one lease over the Tarcoola project area 70km north of the 965,000-ounce Tunkillia gold deposit.

ASX-listed Infinity Lithium has become involved in a Spanish battery consortium led by one of its key strategic partners, EIT InnoEnergy that hopes to snare a whopping €1.2 billion in pandemic recovery funding from the Spanish Government. The company’s San Jose lithium project may be in line for a €256 million CAPEX injection if the consortium’s application is successful.

Horizon Minerals has decided to hang onto full ownership of the historic Nimbus silver-zinc project near Kalgoorlie adjacent to its flagship Boorara gold project after turning down several acquisition and farm-in proposals for the asset. Nimbus hosts high-grade lodes totalling 260,000 tonnes at the bonanza grades of 774 g/t silver and 12.8 per cent zinc for 6.4 million ounces of contained silver and 33,000 tonnes of zinc within a larger resource.

ASX-listed aspiring West African bauxite developer, Lindian Resources has continued to put potential infrastructure building blocks in place to help accelerate the development of its Lelouma, Gaoual and Woula bauxite projects in Guinea. Its subsidiary, Terminal Logistics and Holdings recently struck a memorandum of understanding with the Guinean Government to appraise the possible joint development of the Dobali port and an associated logistics corridor in Guinea.

Ora Banda Mining has added to its rapidly developing story at the Davyhurst gold project that it rescued from the Administrators of the failed Eastern Goldfields Ltd after it nailed a set of drill results at its Riverina South Project. The development comes just days after the company churned out its first gold bar from the re-invigorated project north of Kalgoorlie.

Zuleika Gold has kicked off a 30,000-metre drilling program across its namesake project in the fertile Eastern Goldfields in WA. First cab off the rank for the company is the Paradigm East target where previous drilling has returned a wealth of mineralised intercepts including 27 metres at 2.87 grams per tonne gold from 33m and 7m at 9.8 g/t gold from 42m down-hole.

Australian-based Blackstone Minerals has graduated to the US-based OTCQX Best Market, the highest market tier of OTC Markets, on the back of its progress in developing a significant “green” nickel business in Asia. The company is currently developing the Ta Khoa nickel sulphide project in northern Vietnam, with recent results from its King Snake discovery continuing to showcase the project.

Aspiring ASX-listed heavy rare earths developer, Northern Minerals is looking to shave two years off its target date for commercial production and cash flow at its 100 per cent-owned Browns Range project in WA. The company is now aiming for first cashflows from a full-scale beneficiation plant at Browns Range in WA’s top end as early as 2023.

Victory Mines has returned a clutch of broad gold intersections from a second major drilling program at its historic Coogee gold project about 55km south-east of Kalgoorlie. The company says results from 14 holes at Coogee – out of 40 holes to be drilled in the current RC campaign totalling 6,000m – highlight the high‐grade nature of some of the thicker gold intersections at the project.

Altech Chemicals has taken a giant leap towards securing the remaining financing required for its proposed US$280 million HPA processing plant at Johor in Malaysia, with preparations well under way for a US$144 million listed green bond instrument. Altech’s Malaysian subsidiary plans to use US$100 million of the total amount raised as a secondary debt facility for the partial funding of plant construction costs.

Hot Chili expects a VAT tax refund payment of up to $4 million this year against all expenditure associated with its Cortadera copper-gold discovery, the centrepiece of its overarching Costa Fuego porphyry copper-gold project in Chile. Hot Chili says the VAT refund was given the nod by the Chilean Government and the tax refunds will shore up the company’s cash position as it gradually moves to full ownership of Cortadera.

Venture Minerals is poised to ride the crest of the monster iron ore price wave as it counts down to the start of iron ore production at its revived Riley mine in north-west Tasmania. The company has just raised $10 million and has been busy getting its ducks in a row for the main construction phase push at the Riley project development site including the critical wet screening plant.