Public Company News

Terrain Minerals is showing impeccable timing, launching a new drill campaign at its Wild Viper gold project in WA, just as the gold price reaches for the stars. The company is set to complete 1,000 metres of reverse circulation drilling across two key targets within the project area north of Leonora. With $2 million in the bank and a bag full of gold targets throughout WA’s rich Goldfield region, Terrain looks set to power through the second half of 2020.

Godolphin Resources has picked up some highly anomalous gold sniffs at its historic Lewis Ponds project about 15km east of Orange, NSW, in the venerated Lachlan fold belt, with the assay numbers swaying the company to now focus its exploration attention on gold at the project. Lewis Ponds lies 20km north of Regis Resources’ two-million-ounce McPhillamys gold deposit.

Eclipse Metals has cleared a critical hurdle as it negotiates a regional land access agreement in the Northern Territory and launches an exploration campaign at its Devil’s Elbow uranium-PGE prospect. The company has reached an agreement with traditional owners to enter into negotiations to approve exploration across the two new leases that surround the Devil’s Elbow prospect, giving it access to key targets in the world-class Alligator River Uranium Field.

Hot Chili has tabled some positive test work from its three copper deposits in in Chile, delivering a common processing route and potentially a high-value product. Metallurgical test work on sulphide samples from the Cortadera, Productora and San Antonio copper deposits confirms the selected processing flowsheet should see over 89 per cent of the contained copper recovered.

Lithium Australia has begun work on its Wundowie nickel-PGE project in the hills east of Perth that were recently made famous in mining circles by Chalice Gold Mines who discovered a cracking nickel-PGE deposit in an area that was previously thought to have limited prospectivity. A first-pass review of the historical exploration data for Lithium Australia’s project has revealed an extensive coincident copper, gold and PGE anomaly.

ASX-listed gold hopeful, Middle Island Resources, continues to eke out promising RC drill results from an array of satellite deposits at its historic Sandstone gold project in the central Goldfields of WA as it works towards the potential recommissioning of the old mine site’s mothballed treatment plant. Latest numbers are from the Old Town Well deposit, located only 600m north of the plant.

ASX-listed platinum group metals explorer Podium Minerals has boosted its coffers by another A$1.1 million after receiving a payment of $711,000 from EV Metals Group for tenement-related costs. Perth-based Podium is also looking to offload its 17 per cent shareholding in EV Metals, who holds the oxide mining rights excluding PGM mineralisation within Podium’s Parks Reef project area in the Mid West region of WA.

Blackstone Minerals looks to have awakened a sleeping giant in Vietnam, after posting a massive, 47-metre-wide, 1.04 per cent nickel hit at the King Cobra prospect within its Ta Khoa project. A maiden resource for the Ban Phuc and King Cobra deposits are due in the third quarter of 2020 and will be highly anticipated by the market given the significant successes Blackstone’s latest drilling campaign has experienced.

Godolphin Resources is set to kick off a maiden drilling program at its Copper Hill East project located 35km north of Orange in NSW and only 60km south of Alkane’s venerated Boda copper-gold discovery. A recent soil sampling program defined a coherent gold and copper anomaly at the project with copper assays grading up to 817 parts per million.

Coziron Resources will soon have an RC rig spinning up a storm at its Croydon gold project in WA’s Pilbara region after the company’s maiden drill program hit some notable results, including 8m grading 10.2 grams per tonne gold with a one metre interval running at over two ounces to the tonne from the Top Camp discovery.

Hammer Metals has nailed down additional strategic tenure in the revered Yandal gold belt of Western Australia. The company has added the Bronzewing North project to its already impressive ground holding in the region and extended its footprint across the world-class terrane to over 260 square kilometres, adding two near-term exploration targets at Sword and Sam Well in the process.

Classic Minerals looks set to deliver early cashflows from the high-grade Kat Gap gold deposit in WA. The company has flagged the early delivery of its modular Gekko gravity processing plant which is now slated to be on the ground in Perth in second half of August 2020. The modular gold plant looks set to deliver Classic a clever short-cut through the development process and a rapid pathway to early cashflows.