Public Company News

Budding WA gold producer, Ora Banda Mining, has delivered a maiden mineral resource estimate for the Riverina South prospect as it prepares to start mining at the nearby Riverina open pit this month as part of its $45 million Davyhurst gold redevelopment 120km north-west of Kalgoorlie. After an extensive drilling program, the company released an initial resource for Riverina South of 650,000 tonnes at 2.1 g/t for 43,000oz of contained gold.

Novel clinical diagnostics developer, Proteomics International has teamed up with the QMIR Berghofer Medical Research Institute in Queensland to improve and simplify the detection of oesophageal adenocarcinoma, the most common form of oesophageal cancer. Proteomics will use its trademarked Promarker platform with QIMR Berghofer’s biomarkers to develop a simple blood test for the cancer, whose incidence is on the rise.

The proposed multibillion-dollar merger between Kalgoorlie Super Pit owners Northern Star Resources and Saracen Mineral Holdings might be the talk of the town at next week’s Diggers & Dealers conference but gold junior and budding developer, Middle Island Resources, has been consistently kicking goals at its historic Sandstone gold project in WA during a massive two-phase, 50,000m-plus drilling campaign this year.

White Cliff Minerals has secured a strategic position in the multi-million-ounce Murchison goldfield of WA, joining a growing rush of explorers looking to stake their claim in the resurgent gold mining terrane. The company has completed the acquisition of the Reedy South project stamping its foot on over 156 square kilometres of auriferous tenure adjacent to the Reedy’s gold mine.

Paydirt Media has kept the ball rolling in Australia’s resurgent mining sector conference circuit, this week hosting the Australian Nickel Conference at Perth’s Pan Pacific Hotel. The conference held on Tuesday 6 October 2020, was a showcase of who’s who in the nickel sector highlighting a string of projects across Australia and the Asia-Pacific region.

Barton Gold is striking up the banjos as deep drilling of its ‘Deliverance’ target continues to return auriferous results. The company’s drilling program below its Perseverance open pit at Tarcoola is rapidly outlining a large mineralised system, that not only remains open along strike but also seemingly continues to a significant depth.

Terrain Minerals continues to kick goals across its auriferous project area’s in WA with recent sampling smoking out a series of high-grade gold samples from the Murchison region, north of Perth. Rock chip and surface sampling along strike from the recent drilling over the Smokebush project has returned a string of gold-rich results weighing in at up to an astounding 100 g/t gold.

ASX and London-listed aspiring project developer, Adriatic Metals, has completed an all-scrip acquisition to the value of approximately C$15 million of fellow Balkans precious and base metals player Tethyan Resource Corp. The merged group will subsequently have an expanded footprint in two mining-friendly jurisdictions in the region as it looks to step up exploration and feasibility study activities.

Oakdale Resources’ shares have been on a tear of late after the company joined the hunt for the next Julimar and quickly identified a bevy of targets across its Crown nickel-PGE project in Western Australia. The new project is a just stone’s throw away from Chalice Gold Mines’ headline-grabbing discovery, located a mere 9km to the east of Julimar delivering Oakdale a prime position in this emerging nickel terrane.

Infinity Lithium continues to bolster its board of directors following the appointment of lithium guru Jon Starink. The well-credentialed Starink comes to the company following stints in both mining consultancy and the finance sector – Starink also brings with him a wealth of experience in the development and operation of hard-rock lithium mining and processing operations.

Venus Metals Corporation and joint venture partner, Rox Resources, have continued their golden plunder across the Youanmi terrane in WA, with the resurgent mining centre continuing to return a swag of gold intercepts for the duo including 4m at 15.95 g/t gold from a new discovery zone 3km north of the mine site.

Novo Resources could be on the verge of a substantial upgrade to its existing resource inventory after its development program across the Beatons Creek conglomerate gold deposits identified previously unrecognised extensions to the near-surface auriferous, sedimentary units. The host conglomerate units have been mapped and sampled over an additional 1,600m of strike, with initial assays averaging over 2.5 g/t gold and remain open along strike.