Public Company News

Novo Resources is full steam ahead as it hurtles towards gold production in WA’s Pilbara region, with the company’s latest update highlighting rapid progress in the refurbishment of its Golden Eagle mill and development across the emerging Beaton Creek mining area.

Oakdale Resources’ drilling looks to be on target at Lambarson Canyon in the US, with the company having now finished its first diamond drill hole down to nearly 250m below surface. Geological logging indicates that the target stratigraphy has been tested, intersecting a range of potentially auriferous lithologies including quartz breccia’s, multiple porphyry dykes, and quartz-sulphide veining at depth.

ASX-listed medical technology company, Proteomics International Laboratories, has entered into an agreement with Medical Horizons that will see the Italy-based group distribute the easy-to-use immunoassay version of Proteomics’ PromarkerD predictive test for diabetic kidney disease in Italy.

Adriatic Metals has produced a cracking pre-feasibility study on its Vares silver-lead-zinc project in Bosnia and Herzegovina that envisages US$251 million average EBITDA per annum in the first five years of production operations. In addition, the PFS has placed a spectacular after-tax net present value of US$1.04 billion and an internal rate of return of 113 per cent on the project.

Dampier Gold has uncovered a new zone of high-grade gold mineralisation at its Browns Dam prospect, west of Kalgoorlie in WA. Wide-spaced aircore drilling, targeting the auriferous Zuleika Shear has intercepted near surface gold mineralisation in a series of shallow aircore holes, with better results including 5m at 3.1 g/t gold from only 38m down-hole.

Blackstone Minerals has unveiled its much-anticipated scoping study for the Ta Khoa nickel project in Vietnam, delivering a tantalising set of numbers headlined by a AU$1 billion present-day valuation and net pre-tax cash flows in excess of US$1.2 billion over the projected 8.5-year life of mine. The financials clearly support the case for a revival of its mothballed nickel operation in Vietnam.

As it marches towards production start-up at the rapidly developing $120 million Warrawoona gold mine in WA’s East Pilbara, ASX-listed Calidus Resources has identified a veritable treasure trove of regional gold targets as part of a strategy to accelerate exploration work over the company’s Pilbara tenure in parallel with the project build.

King River Resources program of metallurgical test work has hit upon a simplified purification process to produce a high-purity precursor compound to streamline the manufacture of a 4N HPA end product. The test work forms part of the company’s PFS over its giant Speewah speciality metals project in WA’s Kimberley region.

ASX-listed 3D metal printing group, Aurora Labs, has been granted another patent for a key part of its Multi-Layer Concurrent Printing, or “MCP” technology, this time in Japan. Only last month the Perth-based company locked down a patent in China, while patent applications in other countries, including in the USA and Australia, are also at various stages of their respective approval processes.

ASX-listed InteliCare has achieved a significant milestone in its business-to-consumer strategy to expand its revenue streams in the aged-care and healthcare sectors following the launch of a new online platform and e-commerce marketplace that provides an internet-based mechanism for family members to monitor the wellbeing of their elderly or health-compromised loved ones.

Canadian focused gold explorer, Ardiden Limited, has lit up an array of large-scale structural targets around its New Patricia gold prospect in north-western Ontario following an initial review of its freshly acquired airborne magnetic and radiometric geophysical data. The data includes its Esker prospect which is being likened by Ardiden to Newmont’s 5Moz operating Musselwhite gold mine.

Comet Resources has wasted no time at its Santa Teresa gold project in Mexico, unveiling a high-grade maiden resource for the project, tipping the scales with 369,000 tonnes at an impressive 7.47 g/t gold. This initial estimate perhaps understates the potential of the deposit which hosts a wealth of high-grade intercepts and has only been drilled to 300m depth.