Public Company News

Venus Metals Corporation is reaping the rewards of its highly successful corporate strategy after Rox Resources and eMetals agreed to exercise agreements with Venus that will see over $3.16 million in cash and shares delivered into the company’s already burgeoning coffers. JV partner Rox Resources has agreed to boost its stake in the Youanmi gold project whilst eMetals has moved to purchase a second lithium project from Venus.

Just a week after closing a significant $20 million capital raise on the back of a recent 30 m massive sulphide drill intercept at its Mawson nickel-copper prospect, ASX-listed Legend Mining has again extended the prospective footprint at Mawson using gravity and aircore geochemistry data. Legend has now scheduled an RC drilling campaign to test the new gravity and geochem anomalies.

ASX-listed Blackstone Minerals has now threaded three drill holes into a lucrative looking EM target at its Ban Chang prospect at its Ta Khoa nickel-PGE project in Vietnam, extending the known massive sulphide mineralisation to an impressive 1 km in strike length. The latest drill hole intersected a healthy 4.6 m of massive and semi-massive sulphide veins within a 9 m sulphide interval.

Great Southern Mining has wasted no time in getting drill rigs back on site at its northern Goldfields Cox’s Find project to follow up on the high-grade gold shoots that were left behind by the old timers at the long abandoned artisanal underground mine. The Perth based explorer is planning to drill nine kilometres of RC in over two phases.

Impact Minerals has doubled down on its ground position in the emerging Southwest nickel province of Western Australia with the company applying for an additional 1,050 square kilometres of ground surrounding its already extensive Arkun Nickel-Copper-PGE project southeast of Perth. Arkun now covers over 1,900 square kilometres, with the company looking to hunt down a look-alike of the spectacular Julimar Nickel-PGE discovery to the northwest.

ASX-listed Agribusiness developer, Alterra Limited, has appointed corporate communications and financial markets specialist, John McGlue to its board. McGlue is the Principal of capital markets and shareholder advisory firm, Castle Gates Australia. In 2002, Mr McGlue acquired a 50% interest in financial PR firm Porter Novelli Perth and in 2008, the combined business was acquired by NYSE-listed FTI Consulting.

Controlled field testing is underway near Kojonup in Western Australia’s Wheatbelt for Lithium Australia’s unique spent alkaline battery waste fertiliser product. The company is testing both the slow release nature of its product and the benefits of recycled manganese and zinc as a micro-nutrient supplement for WA’s broad acre pastoralists in a region with soils that lack these two critical nutrients.

Kairos Minerals has jumped into a large-scale exploration program across the Pilbara as it looks to replicate DeGrey Mining’s stunning Hemi gold discovery just down the road. The move comes hot on the heels of Kairos’ successful $4.2 million capital raise last month. Exploration will focus on the Kangan, Mt Yorke and Fuego targets with drilling scheduled to commence in July.

After shedding its non-core assets to focus on the Dragon & Knight nickel projects in the Goldfields, Tyranna Resources is pulling out all stops to set some smart drill targets. The company said this week it has unearthed a trove of historical geophysical survey datasets that have led to at least two priority targets being identified at Lightning Gossan and the east-west trending regional dykes.

Horizon Minerals has encountered some fresh, solid gold hits at its Rose Hill project near Kalgoorlie as its first gold pour looms at the company’s Boorara project. Rose Hill, which is 35km west of Kalgoorlie, already boasts a 95,200oz gold resource. Best intercepts from three holes drilled in April were 3.4m at 17.92g/t gold, 3.7m at 9.77g/t gold and 2.5m at 3.16g/t.

Just a week after ASX-listed engineering group, Primero, became a substantial shareholder in unlisted, Gawler Craton-focused Barton Gold, Primero’s GM of Operations and Maintenance, Graham Arvidson, has accepted an invitation to sit on Barton’s board. Arvidson is a Mechanical Engineer whose fifteen years of mining industry experience will no doubt be put to use optimising Barton’s myriad of processing and mining options.

TNT Mines has been quick to get an early exploration team into the field at its promising new East Canyon uranium-vanadium project in the USA. The East Canyon project is situated in the Dry Valley, East Canyon District in Utah where the USA’s only operating conventional uranium mill resides. TNT’s share price has quadrupled since the start of last month in anticipation of a successful field season.