Public Company News

Eclipse Metals has discovered previously unknown near-surface high-grade manganese mineralisation at its Amamoor manganese prospect in Queensland. Assay results from the company’s diamond drill samples included some stellar grades as high at 42.14 per cent manganese oxide with every drill hole of this year’s program having hit mineralisation.

Classic Minerals has peeled off a string of high-grade gold hits from a major infill RC drilling campaign at its advanced Kat Gap project about 170km south of Southern Cross in WA. Better results were 15m at 2.97 g/t gold including 1m at 23.20 g/t, 10m at 3.24 g/t including 1m at 18.40 g/t, 4m at 8.97 g/t including 1m at 23.40 g/t, and 2m at 16.57 g/t including 1m at 30.30 g/t.

Godolphin Resources says it has discovered a new copper-gold porphyry-style mineralised system at its Copper Hill East project 35km north of Orange, NSW, in the revered Lachlan Fold Belt following an initial round of deep RC drilling. The most notable intercept from the recent RC holes was 32m at 0.29 g/t gold and 0.13 per cent copper from 210m including 12m going 0.45 g/t gold and 0.22 per cent copper.

88 Energy has increased its interest in the ground around its Charlie-1 test oil well at its Project Icewine on Alaska’s lucrative North Slope. The Perth company says it will table a resource estimate for the project within weeks which should see farm-out discussions on Project Icewine kick into high gear. It is also chasing a year-end close out on a farm-out for its Peregrine project.

Venus Metals Corporation has jumped back into drilling at Youanmi, wasting no time following up on a swag of emerging prospects surrounding the mothballed historic gold operation. The company has kicked off reverse circulation drilling across the Youanmi North, Taylors Reef and Sovereign prospects as it zeroes in on a new batch of discoveries across this fertile gold terrane.

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.