Public Company News

Victory Mines has earned its initial interest in the high-grade Coogee gold project near Kambalda in Western Australia and the company is now gearing up for a 4,000m drilling blitz across the developing gold target where previous tantalising results included 5m at 27.1 g/t gold just under the old open pit. Exploration is scheduled to kick off in earnest by late-September 2020 when the rods will start turning.

ASX-listed 88 Energy has boosted the potential net oil pay in its Charlie-1 test well in Alaska. Analysis of the shallow Seabee formation, above the deeper Torok gas-condensate discovery, has resulted in an upward revision of the previous estimates for the oil and gas pay zone potential of the formation and hydrocarbon volumes across the Icewine project.

Lithium Australia has moved to protect its battery recycling intellectual property by applying for two Australian patents for its recycling of battery materials processes, with lithium-ion batteries in its sights. It comes only days after the ACCC approved a spent-battery collection and recycling levy scheme aimed at significantly increasing the recycling of batteries and ending the wasteful practice of landfill disposal of batteries.

Aurora Labs has jumped out of the gates of its latest capital raising with an oversubscribed placement and share purchase plan underway to raise up to $3.5 million at $0.085 per share, as its stock opened at $0.12 per share today.

Venus Metals could be knocking on the door of the next high-grade gold discovery at Youanmi in WA. The company’s drilling campaign over the Taylor's Reef prospect has returned outstanding gold intercepts, including 3m at 19.58 g/t gold also hosting 1m at an impressive 55.81 g/t gold from only 21m downhole - follow up RC drilling is planned in the coming months.

Buru Energy has entered into an agreement with ASX-listed Sipa Resources Ltd to progress mineral exploration at Sipa’s Barbwire Terrace project immediately south-east of Buru’s own Canning Basin oil and gas leases. Buru will earn a 50 per cent interest in Sipa’s tenement by funding the first $250,000 of on-ground activities. Buru’s latest Canning Basin oil lifting of 74,819 barrels is expected to net $1.6m for the company.

Indiana Resources has doubled down in South Australia’s revered Gawler Craton mineral province, this week locking up an additional 2,465 square kilometres of prospective tenure across the world class multi-commodity terrane. The new tenement applications double Indiana’s holding in South Australia to more than 5,000 square kilometres that mostly surround the Tarcoola gold mine that Barton Gold is about to breathe new life into.

ASX-listed clinical-stage oncology group, PharmAust, continues to show that its cancer fighting drugs, Monepantel and Monepantel Sulfone, can have a positive, anti-viral effect on cultured cells that are infected with the Coronavirus. According to the Perth-based company, a second repeat of its in-vitro anti-viral confirmatory testing successfully demonstrated the anti-COVID-19 activity of both Monepantel and Monepantel Sulfone.

Novo Resources has completed the acquisition of an existing mothballed mine in the Pilbara and cashed up the company by completing placements to the Sprott group and private entities. The transformational purchase delivers Millennium Minerals’ old Golden Eagle gold plant at Nullagine to Novo who has a significant in-ground resource just down the road.

St George Mining has continued to hit its straps at Mt Alexander with diamond drilling intersecting thick intercepts of the targeted ultramafic horizon along more than 4km of strike. Drilling of this stratigraphic target has returned thick intercepts of the ultramafic unit at depths of more than 280m, with nickel sulphides visible in the drill core.

ASX-listed Lithium Australia’s subsidiary Envirostream Australia has received what could potentially be a massive boost in battery “feed” for its recycling facilities in Victoria after the ACCC gave the Battery Stewardship Council the nod to manage a national levy scheme for the collection of end-of-life batteries.

ASX-listed gold explorer, Kingwest Resources, has the drill rods spinning again at its flagship Menzies gold project about 130km north of Kalgoorlie as it looks to accelerate exploration programs, mineral resource estimates and scoping studies towards a potential revival of the historic project.