Public Company News

Troy Resources has recently commenced a trial mining campaign at the Ohio Creek deposit within its Karouni gold project in Guyana. The trial is intended to support Ohio Creek’s inclusion in Troy’s ore reserve and establish the best way to excavate the deposit. The company currently holds an ore reserve across five separate deposits at Karouni of some 1.3Mt grading 2g/t for 86,500 ounces of gold.

Ardiden Limited has racked and stacked a grab bag of gold prospects at its Pickle Lake project in Canada where the Perth based explorer is spoilt for choice when it comes to aiming a drill rig at them. To-date it has packaged up 18 advanced prospects and 100-plus geophysical targets identified right across the project that already has a resource.

TNT Mines has now completed the transaction to acquire its new East Canyon uranium-vanadium project in the USA. The company’s new asset comprises 200 patented lode claims in the Dry Valley\East Canyon District in Utah, which is one of the USA’s most significant uranium-vanadium mineral belts that has seen over 100 years of mining history.

Venus Metals is set to convert its 30% interest in the Youanmi gold project into a free carried interest up to a decision to mine with partner, Rox Resources set to do the heavy financial lifting. The move comes after the JV partners tabled a stunning 25 metre drill intersection going over an ounce to the tonne gold from the Grace prospect.

Unlisted Gawler Craton-focused Barton Gold has just completed an over-subscribed, un-brokered private placement of A$3.75 million to fund an upcoming drilling program at its Tarcoola high-grade open pit gold mine in South Australia ahead of a planned IPO in early 2021. Barton is targeting mineral resource additions below Tarcoola’s existing pit floor to support the re-start of the Tarcoola mine.

Novo Resources continues to add to its stable of thoroughbred gold projects in the Pilbara, this week entering into an option agreement with local privateers to acquire the Bellary Dome project. The tenure shows marked similarities to the company’s existing conglomerate-gold targets in the area, with the acquisition being the second in as many weeks as the company eyes a production hub in the region.

St George Mining has swung into action at Mt Alexander in WA with an ‘around the clock’ drilling program over the Stricklands deposit designed to quickly define an open pit resource and produce metallurgical samples for its scoping and mining studies. The company is also nearing the completion of a regional geophysical survey designed to highlight additional targets for deeper drilling testing.

ASX-listed Agribusiness developer, Alterra Ltd, has appointed corporate finance veteran, Mike Franklin as its Chief Financial Officer, strengthening a team that recently added capital markets specialist, John McGlue to its ranks of non-executive directors. Franklin was previously CFO then CEO of Titan Australia, a fully owned subsidiary of NYSE listed Titan International, Australia’s largest wheel and axle manufacturer for the agricultural, mining and construction industries.

ASX-listed mining ‘software-as-a-service’ provider, K2fly, continues to build the annual recurrent revenue stream from its software contracts which hit A$2.2m this quarter after mega miner, South 32, locked in a 5-year contract for its “RCubed” mineral resource governance software. The company said its total contracted value for all multi-year contracts has jumped 45% to nearly A$7m.

A major clinical study involving 3,000 patients has validated ASX-listed Proteomics’ “PromarkerD” predictive test for diabetic kidney disease with the study confirming that PromarkerD has a high probability of predicting a clinical decline in kidney function up to four years in advance of it actually happening. With the major milestone achieved, Proteomics is now looking to commercialise the technology in the USA.

Lithium Australia’s patent application for its second generation “LieNA” lithium processing technology received a boost this week after the International Preliminary Examining Authority said its technology was “novel”, “inventive” and “industrially applicable”, all of which are precursors required to progress the patent application and seek legal protection in selected jurisdictions. LieNA recovers lithium from fine and variable grade spodumene that may otherwise report to waste.

Pilbara conglomerate gold pioneer, TSX-listed Novo Resources, has consolidated its position in WA’s East Pilbara after acquiring three new leases covering 19 square kilometres along trend with its Beatons Creek project, 75 km north east of Nullagine. The vendors will receive A$100,000 in cash and 324,506 Novo shares for the exploration areas known as the Mt Elsie project.