Public Company News

Ora Banda Mining continues to exceed market expectations with ore reserves at its Davyhurst gold project leaping an impressive 60 per cent. This latest update puts 330,000 ounces of gold into Ora Banda’s mine inventory and underpins the company’s DFS. Pit design and financial modelling are nearing completion while mine scheduling is well advanced and due to be delivered in June 2020.

ASX-listed Coziron Resources has promoted its technical guru and Director, Dr Rob Ramsay to the role of Managing Director and CEO as the company seeks to add value to its exciting Top Camp gold prospect in the Pilbara. Coziron’s board said Ramsay has been with Coziron for 12 years and played a central role in the discovery of high-grade gold mineralisation at Top Camp.

Altech Chemicals’ research in Germany on high purity alumina used in lithium-ion batteries shows that only the pinnacle quality of HPA is safe and efficient. The research underscores Altech’s high quality “4N” HPA product and makes stark comparison to lower quality products sometimes used that were shown to leach sodium from the batteries and cause discharge problems.

88 Energy has received an endorsement from the directors of ASX-listed XCD Energy in the latter’s target statement responding to 88 Energy’s formal takeover offer announced on April 24th. The XCD board has unanimously endorsed 88 Energy’s offer of 2.4 88 Energy shares for each XCD share held and 0.7 88 Energy shares for each XCD listed option.

Blackham Resources' expansion strategy at its Wiluna Mining Centre is looking the goods with its latest drill campaign throwing up some exceptional grades from shallow depths. Best numbers include 14.45 metres at 17.16 g/t gold and 6 metres at 53.73 g/t gold that included a 1m intersection going an impressive 9 ounces to the tonne gold.

Kairos Minerals has locked away a $4.2 million capital raise corner-stoned by billionaire gold bull and fund manager Eric Sprott. Kairos is hoping to emulate the stunning success of neighbour, De Grey Mining and join the prestigious ‘million-ounce club’ in the coming months with the money. An extensive fieldwork campaign will kick off in early June, with drilling in July.

ASX-listed Proteomics International has received a $200,000 boost in funding courtesy of the WA Health Department and the WA Health Translation Network to develop a rapid test for COVID-19 and undertake some ground breaking research into why it attacks some worse than others. Proteomics will make use of its state-of-the-art facilities at the QE11 Medical centre.

After a successful round of greenhouse tests, Lithium Australia is set to undertake field trials for its spent alkaline battery waste fertiliser product near Kojonup in Western Australia’s Wheatbelt. It is aiming to deliver recycled manganese and zinc as micro-nutrient supplements to WA’s broad acre pastoralists in a region that produces around 14 million tonnes of grain annually.

Tyranna Resources says it is not currently in a position to consider Marmota Limited’s bid for its Jumbuck gold project in South Australia’s gold-rich Gawler Craton after taking legal advice that will see it first deal with an earlier offer from ASX-listed Syngas that has been slow to settle. Whilst the Marmota bid appears to have fewer conditions, Tyranna said it was compelled by binding exclusivity obligations to first deal with the Syngas offer.

ASX-listed Adriatic Metals can now move on to the urban planning permit phase of the approvals process for its Veovaca precious and base metals deposit after Bosnia’s Federal Government signed off on the environmental permit, removing a key hurdle on the pathway to production. The permit covers the Veovaca mine, plant and tailings facility.

ASX-listed Hammer Metals has picked up $150,000 from the West Australian Government’s Exploration Incentive Scheme to test a compelling gravity and structural target at its Bronzewing South Gold project, located 50kms northeast of Leinster. The grant will partly fund the drilling of the deeper gravity targets around Bronzewing south, whilst drilling is also set to resume at the shallow North Orelia Target.

Amongst the debris of ASX-listed companies that have been laid to waste by the ravages of the Coronavirus, one curious company has managed to get a listing away. Aged care in-home monitoring firm, InteliCare, will debut on the ASX today after its lead manager, JP Equity, closed its book early when it was overrun by investors looking to get a piece of the $5.5m IPO.