Public Company News

Terrain Minerals has optioned up its Great Western Gold project near Leonora for potential sale to ASX-listed Red5 for $2,500,000. The Great Western gold project is situated on a granted mining lease and contains a 63,000-ounce resource. Terrain will retain its Wild Viper project, which fully envelopes the Great Western project. The sale of Great Western will see Terrain cashed up and on the hunt for new projects.

St George Mining has discovered a 700m long nickel-in-soil anomaly across the same trend that is well known for its nickel and copper prospectivity at the company's Mt Alexander project in WA. St George is now planning to conduct a moving loop electromagnetic survey across the Fish Hook prospect to identify new drilling targets.

Rox Resources and Venus Metals’ Youanmi South prospect in Western Australia doesn’t look like being closed off anytime soon with more high-grade gold results continuing to roll off the drill bit, including 4m at 11.23g/t gold from 92m. Other solid numbers at the Plant Zone prospect, including 8m grading 2.62g/t gold from 60m, continue to underline the porospectivity of the project.

Hawkstone Mining has increased the Exploration Target for its Big Sandy lithium clay project in Arizona state USA, by 23% through new geological mapping and surface sampling in the Northern Mineralised Zone. The updated total Exploration Target for Big Sandy now sits at between 271.1 million and 483.1 million tonnes grading from 1,000 ppm lithium to approximately 2,000 ppm lithium.

Aspire Mining has released an updated PFS for its Ovoot Early Stage Development metallurgical coal project in Mongolia, saying the operation will pump out a stunning annual EBITDA of AUD$279m from the production of 4 Mtpa of high-value, “fat” coking coal, delivered into China. The updated PFS shows material reductions in capital and operating costs, with exceptional margins based on a coal price of AUD$218 per tonne.

King River Resources has again spotted visible gold in the drill samples from the Trudi Main vein prospect at its Mt Remarkable project in WA – a positive sign that will no doubt create some anticipation around the assay numbers when they come out. Historical intercepts at the project include 4m @ 113.29g/t including a staggering metre at 11 plus ounces to the tonne gold.

Big River Gold has achieved a significant goal this week, after it signed an agreement with the local Brazilian State of Rio Grande do Norte, to underpin the future development of its flagship Borborema gold project in Brazil. The agreement ensures that the company will have full access and co-operation from the State’s departments for power, roads, water and the environment and includes important tax concessions for mine start-up.

Lithium Australia’s partial subsidiary, Envirostream Australia, has executed an offtake MoU with South Korean company SungEel HiTech Co., Ltd for the sale of its recycled battery metals as a “mixed metal dust” product. SungEel will refine the materials into suitable chemicals for the production of new lithium-ion batteries and effectively “close the loop” for the battery manufacturing and recycling business.

ASX-listed agricultural asset development firm Alterra, has entered into some potentially lucrative agreements that secure exclusive rights to access quantitative avocado data with Western Australian producer, French’s Group. Alterra will have access to genetic information from avocados that have been selectively produced over the past 33 years and use the science behind the fruit to optimise soil, water and nutrient use in under-utilised agricultural lands.

King River Resources has updated the resource at its Central deposit at the company’s giant Speewah metals project in WA’s Kimberley. As part of an investigation into additional revenue streams, the company has formally analysed the “alumina” and “magnesia” contents of the Central deposit and produced a 1.24 billion tonne resource grading 12.5% alumina and 4.7% magnesia.

AVZ Minerals has commenced environmental and social impact studies at its Manono lithium project, located in the Democratic Republic of the Congo, appointing in-country organisation, EmiAfrica, to conduct the work. The studies will form the bases of its later ESIA documentation for permitting the project. The company also met with stakeholders and dignitaries in the region affected by the future mining proposal for Manono.

Indonesia-focussed gold developer, Nusantara Resources, has secured the right to fully extinguish a third-party royalty arrangement over future gold production from its Awak Mas gold project on Sulawesi Island. The company can terminate the existing net smelter royalty deal with Vista Gold Corporation, by paying a small consideration of cash and shares and then two payment tranches up to USD$4.9m before 30th April 2021.