Public Company News

Unlisted Gawler Craton-focused Barton Gold has just completed an over-subscribed, un-brokered private placement of A$3.75 million to fund an upcoming drilling program at its Tarcoola high-grade open pit gold mine in South Australia ahead of a planned IPO in early 2021. Barton is targeting mineral resource additions below Tarcoola’s existing pit floor to support the re-start of the Tarcoola mine.

Novo Resources continues to add to its stable of thoroughbred gold projects in the Pilbara, this week entering into an option agreement with local privateers to acquire the Bellary Dome project. The tenure shows marked similarities to the company’s existing conglomerate-gold targets in the area, with the acquisition being the second in as many weeks as the company eyes a production hub in the region.

St George Mining has swung into action at Mt Alexander in WA with an ‘around the clock’ drilling program over the Stricklands deposit designed to quickly define an open pit resource and produce metallurgical samples for its scoping and mining studies. The company is also nearing the completion of a regional geophysical survey designed to highlight additional targets for deeper drilling testing.

ASX-listed Agribusiness developer, Alterra Ltd, has appointed corporate finance veteran, Mike Franklin as its Chief Financial Officer, strengthening a team that recently added capital markets specialist, John McGlue to its ranks of non-executive directors. Franklin was previously CFO then CEO of Titan Australia, a fully owned subsidiary of NYSE listed Titan International, Australia’s largest wheel and axle manufacturer for the agricultural, mining and construction industries.

ASX-listed mining ‘software-as-a-service’ provider, K2fly, continues to build the annual recurrent revenue stream from its software contracts which hit A$2.2m this quarter after mega miner, South 32, locked in a 5-year contract for its “RCubed” mineral resource governance software. The company said its total contracted value for all multi-year contracts has jumped 45% to nearly A$7m.

A major clinical study involving 3,000 patients has validated ASX-listed Proteomics’ “PromarkerD” predictive test for diabetic kidney disease with the study confirming that PromarkerD has a high probability of predicting a clinical decline in kidney function up to four years in advance of it actually happening. With the major milestone achieved, Proteomics is now looking to commercialise the technology in the USA.

Lithium Australia’s patent application for its second generation “LieNA” lithium processing technology received a boost this week after the International Preliminary Examining Authority said its technology was “novel”, “inventive” and “industrially applicable”, all of which are precursors required to progress the patent application and seek legal protection in selected jurisdictions. LieNA recovers lithium from fine and variable grade spodumene that may otherwise report to waste.

Pilbara conglomerate gold pioneer, TSX-listed Novo Resources, has consolidated its position in WA’s East Pilbara after acquiring three new leases covering 19 square kilometres along trend with its Beatons Creek project, 75 km north east of Nullagine. The vendors will receive A$100,000 in cash and 324,506 Novo shares for the exploration areas known as the Mt Elsie project.

Venus Metals Corporation is reaping the rewards of its highly successful corporate strategy after Rox Resources and eMetals agreed to exercise agreements with Venus that will see over $3.16 million in cash and shares delivered into the company’s already burgeoning coffers. JV partner Rox Resources has agreed to boost its stake in the Youanmi gold project whilst eMetals has moved to purchase a second lithium project from Venus.

Just a week after closing a significant $20 million capital raise on the back of a recent 30 m massive sulphide drill intercept at its Mawson nickel-copper prospect, ASX-listed Legend Mining has again extended the prospective footprint at Mawson using gravity and aircore geochemistry data. Legend has now scheduled an RC drilling campaign to test the new gravity and geochem anomalies.

ASX-listed Blackstone Minerals has now threaded three drill holes into a lucrative looking EM target at its Ban Chang prospect at its Ta Khoa nickel-PGE project in Vietnam, extending the known massive sulphide mineralisation to an impressive 1 km in strike length. The latest drill hole intersected a healthy 4.6 m of massive and semi-massive sulphide veins within a 9 m sulphide interval.

Great Southern Mining has wasted no time in getting drill rigs back on site at its northern Goldfields Cox’s Find project to follow up on the high-grade gold shoots that were left behind by the old timers at the long abandoned artisanal underground mine. The Perth based explorer is planning to drill nine kilometres of RC in over two phases.