Public Company News

Great Southern Mining has identified an impressive eight new target areas at its northern Goldfields Cox’s Find project courtesy of a 100 metre by 50 metre grid of shallow RAB holes drilled across most of the company’s ground holding. The drilling has identified multiple gold anomalous zones, some with concentrations exceeding one gram per tonne. A program of 1,150m for 350 holes has given Great Southern a solid base of new targets to drive the next phase of its exploration program.

St George Mining’s new geophysical program has experienced some early success after it identified some exciting conductive features at depth along the Cathedrals Belt that are in positions that look geologically interesting for nickel-copper mineralisation. Amongst the most compelling targets from the new survey is a deep conductive feature lying directly underneath St George’s Investigators prospect where the Perth based ASX-listed company has been enjoying ongoing exploration success.

The WA Government’s little-known website, www.iThink.wa.gov.au, is actively encouraging members of the public and businesses to put forward innovative ideas and services that can support and inform the State’s response to COVID19 isolation. The submission that received the highest number of votes to-date is from the private, but soon to be ASX-listed, healthcare technology company, InteliCare, that has an artificial intelligence-powered, in-home monitoring system to help the sick and elderly.

AVZ Minerals has delivered a dazzling DFS for its Manono lithium-tin project in the Democratic Republic of Congo that dwarfs pretty much every lithium project in WA. A DFS tabled this week on the project shows the project pumping out a stunning AUD$600m a year in EBITDA for at least the next 20 years based on today’s USD conversion. The company is now in advanced discussions with international debt providers.

ASX-Listed Middle Island Resources has defined a shallow new gold deposit at the McIntyre prospect, which is just one of fourteen targets within its wholly owned Sandstone gold project, located in central WA. New, consistent shallow drill intercepts from the current RC drill program include 24m grading 1.66 grams per tonne, 23m at 1.40g/t, 11m at 1.39g/t and 18m going 1.35g/t gold have delivered a second deposit in a week.

ASX-listed gold explorer, Ardiden Limited has secured land access rights to continue exploration for extensions to its 110,000-ounce gold resource at the Kasagiminnis gold project after executing a binding MOU with the Mishkeegogamang First Nation of Ontario group in Canada. The Kasagiminnis resource of 790,000 tonnes at an impressive 4.3 grams per tonne gold covers only 600m of the prospective 5.6km strike length of the project.

After another solid field campaign, Classic Minerals has produced a maiden resource at its Kat Gap project near Southern Cross in WA of almost 93,000 ounces grading nearly three grams per tonne gold. The new resource has now laid a solid foundation for the company to go ahead and apply for a mining lease across the deposit and run some initial numbers around getting into early production.

ASX-listed ‘software-as-a-service’ provider, K2fly, said the annual recurrent revenue stream from its software contracts has now surpassed A$2.0M after it signed on yet more customers for its “RCubed” mineral resource governance software. The company said the total contract value for its multi-year contracts, mostly with global mega-mining clients, now tops A$6M after Belgium-based Sibelco signed on for a 3-year term and Kinross Gold Corporation inked a 5-year deal.

ASX-listed oil explorer, 88 Energy, has interpreted oil in a formation above the primary target zone’s confirmed condensate gas find at its “Charlie-1” oil appraisal well on Alaska’s oil-rich North Slope. Detailed analysis of the wireline logs obtained when the well finished drilling have identified an extra 19.5m of additional oil pay zone in the Seabee Formation where live oil shows were recorded while drilling.

ASX-listed PharmAust Limited will shortly commence laboratory testing of the effects of its anti-cancer drug, Monepantel on the Coronavirus after entering into an agreement with the Walter and Eliza Hall Institute of Medical Research in Melbourne, Victoria. The study will be overseen by the Institute’s award-winning, chronic infections researcher, Professor Marc Pellegrini, with feedback expected as early as May this year.

Novo Resources has unearthed an impressive total of three new broad areas of gold-bearing alluvial gravel swales, or shallow channels, at its flagship Egina conglomerate gold project in the Pilbara. The Paradise area, which is host to two of the newly discovered gold-bearing areas, is about 14 kilometres north-northeast of Novo’s Egina mining lease. Another new discovery, known as Clarke, is just 10 kilometres northwest of Egina.

After an aggressive exploration campaign across its Menzies and Goongarrie projects in WA, Kingwest Resources has tabled a scoping study for just one of its prospects, Goongarrie Lady, where it is hoping to pull out $10.3m in 10 months before tax and financing from one open pit. The company is planning to initially mine 149,000 tonnes at an impressive 3.12 g/t for 14,000 ounces of recovered gold.