Public Company News

Aquabotix has been awarded USD$78,000 from the US Navy to develop an unexploded ordnance detection solution that will be used to detect, locate and neutralise unexploded subsea ordnance. The company will incorporate the solution into its “SwarmDiver” miniature submarine drones or other unmanned underwater vehicles as it seriously strengthens its ties with one of the world’s most powerful militaries.

Neometals Ltd has reported a major increase to its nickel mineral resources at the Mt Edwards project courtesy of four new deposits, nearly tripling metal inventories to 7.4 million tonnes grading 1.7% nickel for just over 123,000 tonnes. The company recently completed the acquisition of the Mt Edwards tenements from Apollo Phoenix Resources and with them, the assignment of further nickel rights.

Vonex has started beta development of its Oper8tor communication aggregator application with a focus on system designs and platform architecture. Controlled testing is expected to start in October 2018 and the company is planning to soft-launch the app in Western Europe next year, to take advantage of its significant population and mobile phone usage.

Artemis Resources and Novo Resources have commenced a major exploration program aimed at proving up grades and tonnages at the Purdy’s Reward conglomerate and paleoplacer gold deposit, 35km southeast of Karratha, in the west Pilbara of W.A. The work will generate a mineralisation report to underwrite the application for a mining lease and the company also reported its 3.3km super-deep drill hole has reached 163m depth.

St George Mining has increased the footprint of high grade nickel-copper sulphide mineralisation at the Stricklands prospect with intersections that include 6.25m @ 2.36% nickel, 1% copper, 0.15% cobalt and 1.25g/t total PGEs from 67.2m down-hole. Mineralisation is open to the west, north and east of the prospect and the company is planning a follow-up drill program.

King River Copper is thinking about a serious upsizing of its proposed mine at Speewah after an initial pit study found a monster-sized pit could be the best approach to mining the giant vanadium-titanium-iron deposit. The latest study has lowered the strip ratio to just 0.4 to 1, taking full advantage of the large, flat-lying and evenly-distributed mineralisation.

Adriatic Metals has announced more stunning drill results from its Rupice prospect in Bosnia. High grade results were retuned from two ore lenses intersected in the same drill hole, including 36 metres grading 4.4g/t gold, 463g/t silver, 0.5% copper, 4.3% lead, 5.7% zinc and 55% barite from 196m down-hole and 22m @ 4.1g/t gold, 258g/t silver, 0.8% copper, 7.5% lead, 12.8% zinc and 56% barite from 244m down-hole.

New spectacular drill results from King River Copper’s Mt Remarkable gold project in the East Kimberley have extended a very high grade epithermal gold zone and shored up the company’s view there could be other gold-rich zones nearby. Best results from the latest assays include 3m @ 41.75 g/t gold, including 1m @ 81.5 g/t, from a downhole depth of just 16m.

New assays have confirmed Nzuri Copper’s high hopes for a cobalt-rich zone just 800m along strike from its proposed Kalongwe copper project. Resource drilling is already being planned with expectations of a JORC resource in the near term. Drilling at Monwezi II just 2.5km along strike has also produced some very encouraging signs of copper and cobalt, including massive sulphides.

Kopore Metals has announced that a regional soils program at its KM1 EM anomaly has produced two impressive copper-lead-zinc targets in geologically and structurally favourable locations at the Ghanzi West prospect area in Botswana. The coherent anomalies are identified over a12 square kilometre area, coinciding with airborne and ground EM geophysical anomalies. The company considers the new anomalies to be high value drilling targets.

Australian Potash’s Yamarna gold project could host a northern extension of Gold Road Resources’ high grade gold targets to the south. This includes an anomaly similar in scale to Gold Road’s Ibanez prospect. The company is now finalising a second stage drill program that will include reverse circulation drilling to test the depth and primary mineralised structures.

Geopacific has initiated a major exploration program at its Woodlark gold project in PNG. The company recently raised $10m and will channel the funds towards increasing its mineral resource inventory with a view to extending the proposed mine life beyond 10 years. Drilling will focus on under-explored, high grade structural corridors and historical targets between and adjacent to the large Kulumadau and Busai gold deposits.