Public Company News

St George Mining is continuing a deep drilling program across its Mt Alexander nickel sulphide project in WA, with a recent diamond hole intersecting 30m of the fertile, basal ultramafic stratigraphy including 6m of disseminated sulphides. Encouragingly, the intensity of the sulphide intercept does not explain the booming anomaly now being targeted beneath the West End prospect suggesting the EM conductor has yet to be properly tested.

ASX-listed Kalgoorlie gold producer, Horizon Minerals, has poured first gold from the third and final instalment of toll milling ore that was mined from trial open pits at its flagship Boorara project, 10km east of Kalgoorlie-Boulder. Gold production and revenues from the third round of toll processing are forecast at between 2,100 ounces and 2,600 ounces for between $5.3 million and $6.6 million, respectively.

Lithium Australia’s 90 per cent-owned subsidiary, Envirostream Australia has applied for permission from the Environmental Protection Agency Victoria to allow one of its Melbourne battery recycling premises to operate above 500 tonnes per annum as it targets future volume growth in end-of-life battery collection. Envirostream has operated below 500tpa of specified e-waste at its Victorian sites so was not previously required to hold an EPA license to operate.

Indiana Resources is preparing to dive into exploration at its Lake Labyrinth project in South Australia, with drilling expected to kick off later this month. The company has planned a program of reverse circulation drilling over the Minos prospect to follow up on historical high-grade intercepts, including 12m at 10.36 g/t gold, as it ramps up exploration aimed at delineating a maiden resource in 2021.

ASX-listed US helium player, Blue Star Helium, has upgraded the potential resources for two high-grade targets at its Las Animas helium project in Colorado ahead of a maiden drilling program. Perth-based Blue Star increased the combined prospective resources for the Enterprise and Galileo prospects by 16.5 per cent to 3.497 billion cubic feet of net recoverable helium in the 2U/P50 category.

Deep Yellow is launching back into uranium exploration at its Nova joint venture in Namibia with 13 reverse circulation holes planned across its 4km long Barking Gecko prospect. The drill program is designed to confirm bedrock mineralisation similar in nature to the nearby tier one Rossing mine.

Troy Resources is serving up a feast of high-grade gold intercepts at Karouni in Guyana, with drilling over the developing Smarts underground deposit continuing to deliver strong results. The company’s latest two drill holes, designed to test the extremities of the deposit, have returned assays of close to 13 g/t gold, with wider intercepts including 4m at 7.08 g/t gold from 172m and 3m at 6.58 g/t gold from 111m.

Great Southern Mining has flicked the switch on a possible near-term development of its Mon Ami gold project near Laverton in WA. The company is weighing up the economics of exploiting the project’s maiden gold resource via an open-cut mining and toll treatment operation and has launched the various technical studies that set it on the development pathway to gold production.

Blackstone Minerals’ aggressive drilling campaign continues across its Ta Khoa nickel-PGE project in northern Vietnam. The company has launched into diamond drilling at Ban Khoa, 1.5km north of its Ban Phuc operation, as it chases down new sulphide targets lit up by its geophysical team. Drilling also continues at King Cobra and Ban Chang in the wake of the company’s recently tabled scoping study.

Dampier Gold is zeroing in on a rash of gold targets at Menzies with recent auger drilling uncovering extensive surface anomalism adjacent to the historic mining centre in WA. Wide spaced sampling in the southern tenement area has begun to outline an anomaly that extends over more than 8km of strike and has returned values of up to 70ppb gold.

King River Resources has successfully trialled its streamlined high-purity alumina processing route, utilising a readily available commercial aluminium feedstock to create an HPA precursor product. Metallurgical test work is currently underway on both this new precursor and the original precursor, manufactured from the company's Speewah ores, to create 4N HPA products at 99.99 per cent pure alumina.

Dampier Gold Managing Director, Annie Guo, has put her hand in her own pocket in support of the company’s ongoing legal dispute with fellow ASX-listed explorer, Vango Mining. Under the terms of an agreement between Ms Guo and Dampier Gold, Ms Guo’s private entity Auracle Group will make up to $1 million available to Dampier to pay for its legal costs.