Public Company News

Podium Minerals is about to embark on a resource drilling program to test the prospective 15km strike length of its Parks Reef platinum group metals deposit near Cue. The company is aiming to define continuity in its west resource sector over a 6.1km length within the 15km Parks Reef zone. Drilling is also aimed at increasing the combined total strike length of resources within the reef to an impressive length of 8.5km.

Blackstone Minerals has upped the ante at its Ban Chang prospect in Vietnam with drilling intersecting 15.4 m of nickel sulphide mineralisation. The intercept extends the strike length of the target to over 1,200 metres and hints at the potential of the nickel system at depth. Exploration will continue throughout the region with results expected to flow from the ongoing drilling campaign soon.

ASX-listed Horizon Minerals is ahead of schedule at its Boorara gold mine just 10km east of Kalgoorlie’s super pit with 22 per cent more dirt already moved than originally contemplated at this point in time. An inaugural parcel of ore is currently being hauled to the nearby Lakewood mill with first processing to occur on July 13th.

Just a fortnight on from its $20 million capital raise, ASX-listed Legend Mining is back in the field with a 3-kilometre RC drill program. Recent aircore assays include drill hits such as 25m at 0.35% nickel, 0.17 per cent copper and 0.04 per cent cobalt from 64m along the eastern flank of a large gravity anomaly at its Mawson nickel-copper prospect.

ASX-listed Agribusiness developer, Alterra Ltd has turned the earth at its operation near Pemberton as it ramps up activity towards September this year when it intends to plant out the first five hectares of avocado orchard at its 300-hectare Carpenters project in WA’s premier south-west growing region. Alterra said water management would be key to delivering success at its institutional investment-grade agricultural asset.

Terrain Minerals has stepped up its hunt for gold in Western Australia with exploration at its Smokebush and Wild-Viper projects identifying new targets for drill testing including recognised gold-bearing structures and extensive old mine workings. Drilling is scheduled to kick off in the third quarter of 2020; to be funded in part by the recent $3m sale of the company’s Great Western tenure.

Element 25 has secured a critical access agreement with the local pastoral lease holder, paving the way for the grant of the mining lease at its lucrative Butcherbird manganese project in Western Australia. The grant of the lease will allow the company to swing into the next phase of mining approvals and see the project head into the mine planning phase for production.

Unlisted Barton Gold has achieved its native title clearances for an imminent 10 to 12-kilometre drilling program on ground around its mothballed Tarcoola high-grade open pit gold mine on South Australia’s Gawler Craton. Barton is targeting mineral resource additions below Tarcoola’s existing pit floor and adjacent mineralised structures where previous drilling threw up numbers like 22m at 6.75 g/t gold from 15m.

Anglo Australian Resources Mandilla gold project near Kambalda is rapidly taking on a new complexion with seriously long, high grade intersections now rolling off the drill bit at will. Latest numbers include 26m at 8.29 g/t gold from 76 metres down-hole. Exploration, including DroneMag, has identified a range of new targets and extended the discovery zone to nearly 3 km of strike.

ASX-listed automotive panel and repair shop conglomerate, AMA Group, has locked in improved pricing with key insurers, effective from July after concluding service agreement negotiations with all key players. The renegotiated prices are expected to result in meaningful growth across the company’s Australasian network of panel repair workshops that already look set to benefit from a lack of public transport use during COVID-19.

Novo Resources has taken yet another step towards commercial gold production, revealing that it is in advanced discussions with process equipment supplier Steinert Australia to acquire a mechanical ore sorting unit to field test its conglomerate-gold ores in the Pilbara. The unit will be manufactured in Germany and is expected to be deployed into the Pilbara in the latter half of the 2020 field season.

Hot Chili is back in the field at its giant Cortadera copper-gold project in Chile with the Perth company poised to extend an extraordinarily long drill intersection that has already unearthed over 300m of mineralised porphyry. The drill rig fired back up recently following a COVID-19 shutdown and Hot Chili looks to be primed and ready to again test its drilling prowess.