Public Company News

ASX-listed gold explorer, Great Southern Mining, has received $109,000 as part of a total $136,000 grant under the WA Government’s 2020 Exploration Incentive Scheme. The money was approved for the company’s drilling work at its Cox’s Find gold project about 80 kilometres north of Laverton in WA.

88 Energy has sealed the deal in Alaska, farming-out the company’s wholly owned Project Peregrine on the lucrative North Slope oil field. Under the terms of the farm-out agreement, Alaska Peregrine Development Company can earn a 50 per cent holding in the project by spending US$11.3 million towards the cost of the planned Merlin-1 well.

Kairos Minerals is continuing to work the drill bit in the WA’s Pilbara Goldfields, with the company’s rig rolling on to the Mt York project where it will kick into development drilling. The company has designed fourteen drill holes across the Old Faithful gold deposit, with the drill rig set to smash out the program in the lead up to Christmas.

ASX-listed gold developer, Calidus Resources, has struck a farm-in deal allowing it to earn up to 75 per cent of a greenfields gold project, which sits immediately along strike from the high-grade Blue Spec gold project and about 75km from its flagship, under-construction Warrawoona gold mining and processing operation in WA.

Latin Resources continues to build its portfolio of projects in Australia, having landed a new lease in NSW’s prolific Lachlan Fold Belt. The new Burdett project lies immediately to the south of the company’s recently acquired Manildra tenure, delivering Latin a strategic position over the historic Burdett goldfield.

St George Mining looks to be making a solid run into the new year, with recently completed down-hole geophysics lighting up like a Christmas tree identifying eleven new nickel targets for drill testing in WA. This latest assortment of targets is clustered at the western end of the company’s Mt Alexander discovery suggesting the nickel-bearing ultramafic horizon extends beyond the recognised boundaries of the mineralised system.

ASX and London-listed precious and base metals hopeful, Adriatic Metals, has discovered gold mineralisation at depth in the course of peeling off more cracking high-grade base metals drill hits at its recently acquired brownfields Raska polymetallic project in Serbia. The newly discovered gold-bearing vein zone at the Sastavci prospect returned an assay of 31m grading 1.3 grams per tonne gold from 279m including 1m at 13.6 g/t.

Terrain Minerals has more than tripled the size of its ground holding at the Smokebush gold project in WA. The company has pegged a new exploration licence which covers approximately 26 square kilometres, linking its two existing ground holdings in the region and picking up the high-grade Paradise City prospect, where historical surface sampling returned rock chips grading over 38 grams per tonne gold.

On the back of a recent $17.8m raising which welcomed new overseas institutions to the register, ASX-listed Blackstone Minerals has listed its stock on the USA-based OTCQB market. After tabling healthy scoping study numbers for its flagship Ta Khoa nickel-copper-PGMs project west of Hanoi in Vietnam, Blackstone is looking to bolster investor support from both North American individuals and institutions.

ASX-listed aspiring gold producer, Calidus Resources, has extended the strike length of known gold mineralisation at its Coronation satellite deposit only 8km from the company’s developing Warrawoona gold project in WA’s East Pilbara following encouraging near-surface drill results. Better intersections from its recent 29-hole round of RC drilling at Warrawoona were 14m going 3.77 g/t gold from 52m and 3m at 4.00 g/t from 54m.

Lithium Australia has successfully developed a new lithium-ion cell by introducing manganese into its lithium ferro-phosphate battery technology which results in a 25 per cent energy density increase and subsequent output. According to the company, the addition of manganese gives the energy output density a boost without compromising the batteries superior attributes.

ASX-listed budding manganese producer, Element 25, has come out with even more “compelling” financial metrics for its developing Butcherbird mine 130km south of Newman in WA’s southern Pilbara region after the company completed a fine-tuning of the project’s pre-feasibility study. The revised base-case net present value and internal rate of return for the project now stand at $583 million before tax and 387 per cent, respectively.