Public Company News

Image Resources continues to revel in the current market conditions, pushing ahead with an accelerated development program and attracting new buyers for its inventory of zircon-rich, heavy mineral sands concentrates. The company has garnered increasing interest in its high-grade, heavy mineral sands concentrates and is pushing ahead with selective trial mining of the ‘ultra-high -grade’ core of the Boonanarring deposits.

ASX-listed dynamic duo Venus Metals and Rox Resources are at it again, this time at the Sovereign discovery within their historic Youanmi gold project in WA’s Murchison region. The Sovereign target continues to throw up some solid numbers including 10m going 3.64 grams per tonne gold from 79m. Venus recently finished three RC holes at Sovereign for a total of 530m.

Fresh from successfully raising more than $4 million from a rights issue and share placement, ASX-listed gold explorer, Kairos Minerals, is ready to fire up the drill bit as part of a multi-pronged exploration blitz across its flagship Pilbara gold project south of Port Hedland. Interestingly, the project is in the neighbourhood of De Grey Mining’s exciting Hemi discovery.

Recently listed healthcare technology player, InteliCare, has muscled its way into the east coast healthcare market after inking a binding sales agreement for 120 “InteliLiving” units. The commercial breakthrough comes from entering into a heads of agreement with CCNB Limited, a North Sydney based independent health and community services organisation.

Horizon Minerals has achieved a significant milestone at its Boorara gold mine, 10km east of Kalgoorlie-Boulder, producing its inaugural gold bar less than six months after its stage one feasibility study and some two months after breaking first ground at the Regal East pit.

Lithium Australia’s 50 per cent-owned lithium battery subsidiary, Soluna Australia, has installed its first residential modular lithium battery storage units in Perth. The lithium battery systems, which can be connected to roof mounted solar panels, store energy for later consumption – particularly at times when the sun is not shining. Soluna said the installations took place in the northern and southern suburbs over the past week.

ASX-listed aspiring gold developer, Middle Island Resources, is steadily building towards a mineable resource inventory at its historic Sandstone project in the central Goldfields in WA after recently reporting an increase in the total mineral resource that pushed it above 650,000 ounces of gold. The new resource now stands at 17.97 million tonnes going 1.13 grams per tonne for a contained 650,600 ounces of gold.

St George Mining is exploring for nickel-copper depth extensions at its Mt Alexander project in Western Australia, with a diamond hole currently around 795m below the surface. The hole is planned to target an exciting conductive feature below the Investigators prospect. Encouraging geology points to the potential for another nickel belt, parallel to the prolific Cathedrals Belt, according to St George.

Barton Gold’s due diligence on about 15 years’ worth of geological data may start to pay off shortly with a razor focused drill rig set and ready to test the more exciting geological targets at its Tarcoola gold project in South Australia. The company’s maiden exploration program will comprise up to 6,000 metres of RC drilling and will test for “mine-ready” extensions.

Kingwest Resources has lifted the total mineral resource at its historic Menzies gold project about 130km north of Kalgoorlie by a further 37 per cent after updating the estimate for the Lady Shenton deposit and unveiling a maiden estimate for the Stirling deposit. The revised global inferred and indicated resource for Menzies now stands at 4.78 million tonnes going 2.08 g/t for 319,900 ounces of contained gold, with much of it near surface.

Hot Chili is now a copper and gold producer and whilst it has spent a lot of time, money and effort proving up its Chilean projects, it spent nothing on CAPEX to start mining. Spurred on by fabulous copper and gold prices, Hot Chili has hit a big milestone with the start of mining at Productora four months ahead of schedule.

ASX-listed base metals hopeful, Blackstone Minerals, continues to put runs on the board in northern Vietnam as its company-owned drill rigs continue their run of success at the Ban Chang deposit within the Ta Khoa nickel-copper-PGM project with more lucrative looking sulphide nickel mineralisation presenting in the samples. Blackstone is chasing massive sulphide veins similar to its nearby Ban Phuc deposit, where previous owners produced 20,700t of nickel, 10,100t of copper and 67,000t of cobalt between 2013 and 2016.