Public Company News

ASX-listed explorer, Oakdale Resources, has received regulatory approvals for a maiden aircore drilling program at its Gibraltar halloysite-kaolin project on SA’s Eyre Peninsula. The company says a drilling contractor has been locked in and the drill rig and geological crew are expected to be on site early next month.

White Cliff Minerals has wasted no time in releasing a maiden inferred and indicated gold resource at its historic Reedy South gold project 40km north of Cue in WA’s resurgent Murchison goldfields. The company, which only completed the acquisition of the project three weeks ago, has already come out with a resource of 779,000 tonnes going 1.7 grams per tonne for 42,400 ounces of contained gold.

Blackstone Minerals has moved quickly to put a mine-to-market management group in place to develop its Ta Khoa nickel-copper-PGE project in Vietnam. The appointments come just a fortnight after the company tabled a scoping study with a tantalising set of numbers including a A$1 billion present-day valuation and net pre-tax cash flows in excess of US$1.2 billion over the projected 8.5-year life of mine.

ASX-listed 3D metal printing developer, Aurora Labs, is exploring software innovation with US computing giant HP Inc., investigating the potential compatibility of HP software to generate 3D print files with Aurora’s printers. HP said its new Universal Build Manager leverages its software to enable simplified and automated build preparation across multiple additive manufacturing technologies at super-charged speeds.

King River Resources is back in WA’s East Kimberley region, with the drill rods turning again as the company chases more high-grade gold veins across its Mt Remarkable land package 60km south of its mammoth Speewah Dome speciality metals project. Its best historical drill result came from the Trudi vein in 2018 where it hit 4m at over 3.5 ounces to the tonne.

ASX-listed gold explorer, Kairos Minerals, has detected some encouraging gold sniffs at its Croydon project 120km south-west of Port Hedland following an initial reconnaissance RC drilling program. The company drilled 29 wide-spaced RC holes totalling 5,586m including 20 holes for 3,815m at the greenfields Fuego prospect. Fuego falls under the Croydon project, which in turn forms part of the company’s overarching Pilbara gold projects “hub”.

K2fly is on the acquisition trail, this week picking up fellow “software as a service” specialist, SATEVA. The company is building a strategic position in the resource’s software space and this week’s acquisition looks like it may come with bottom line and client sharing synergies. Both companies already enjoy tier one client relationships with goliath sized companies and the opportunity to cross sell software looks real.

ASX-listed Lithium Australia has succeeded in securing critical protection for the intellectual property around its revolutionary lithium recovery technology after scoring a US patent for its proprietary extraction process. The US Patent and Trademark Office has approved an application for “SiLeach”, a low-energy process for the recovery of lithium from micas and clays.

Dampier Gold’s gamble to refocus its exploration onto the Zuleika Shear, north-west of Kalgoorlie in WA, looks to be paying off with the company hitting paydirt with recent aircore drilling over the Paradigm East prospect. Shallow drilling has hit high-grade gold mineralisation at the prospect returning an impressive 24m at 6.39 g/t gold including a stellar 4m at 34.74 g/t gold from only 28m down-hole.

Wiluna Mining Corporation has penned another page in its comeback story as management’s turnaround strategy appears to take hold. With high-grade, wide intersection gold strikes continuing to roll off the bit, headlined by a 37.52m intersection at 10.77g/t, the company is enjoying a renaissance built on a trifecta of steadily increasing cash flows, rising production and reduced operating costs.

Adriatic Metals has rattled the tin for US$28 million across two capital raises as it cashes up to fund an imminent definitive feasibility study on its Vares silver-lead-zinc project in Bosnia and Herzegovina. The company has entered binding agreements to raise US$20 million from a private placement of unsecured convertible debentures to Queen's Road Capital Investment and US$8 million from a share placement to the European Bank for Reconstruction and Development.

ASX-listed Proteomics International Laboratories has locked away $6m in cash via a heavily oversubscribed placement to UK and local institutions and other sophisticated investors to progress the marketing and development of its ‘PromarkerD’ predictive kidney disease test. Euroz-Hartleys Securities Ltd acted as sole lead manager for the placement to new and existing investors and Candour Advisory acted as Corporate Adviser.