Public Company News

Northern Minerals has raised $10m via a placement to ramp up exploration and development activities at its high-grade Dazzler and Iceman prospects on the back of positive sentiment for the emerging rare earth sector. The company points to key commodity price increases and the recent unsolicited $1.5b takeover approach by Wesfarmers to rare earth producer Lynas Corporation, as evidence of an increased interest in the sector.

St George Mining has identified several strong new conductive drill targets from down-hole electromagnetic surveys at the Fairbridge, Cathedrals, West End, Investigators and Stricklands prospects of its Mt Alexander project in WA. Some of the conductors are located down-plunge from known massive sulphide lenses, which could represent extensions of the high-grade nickel-copper sulphide mineralisation.

Sky and Space Global is extending its reach with plans to provide global telco coverage using its constellation of nano-satellites instead of limiting itself to covering equatorial regions of the world. This will allow the company to meet the growing demand for IoT and M2M connectivity and target new markets such as Australia, China and Russia, which could potentially increase revenue.

Anglo Australian Resources has commenced RC drilling at its Koongie Park project near Halls Creek, WA, with holes targeting the Bulldog and Nicolsons East prospects where quartz vein outcrops have recorded high-grade gold values. The project has geology that is similar to Pantoro Limited’s neighbouring Nicolsons Gold Project, which currently produces about 55,000 ounces of gold per annum.

Azumah Resources has confirmed a substantial, mineralised gold system at the Bepkong East Lode in Ghana after returning high-grade intersections from multiple ore shoots up to 580m from the surface. Deeper intersections included 13.5m @ 3.21g/t gold from 480m down-hole and 2.5m @ 3.55g/t gold from 710.5m down-hole in separate drill holes. The company is now examining the economic merit of underground mining.

Anglo Australian Resources has outlined a maiden mineral resource of 2.86 million tonnes grading 1.3g/t gold for 116,100 gold ounces at its Feysville project, 14km from Kalgoorlie, WA. The new estimate is complemented by excellent metallurgical results for the deposit’s ores, which show a 99.5% recovery for the near-surface, supergene gold mineralisation that makes it ideal for potential toll milling options in the immediate area.

Alterra has appointed Future Fund Board of Guardians and Crown Resorts director John Poynton as the founding Chair of its advisory board, which will provide access to networks, strategic feedback, views on opportunities and risks, and introductions to potential deals and sources of capital. The company is developing a pipeline of potential project opportunities with existing land and water owners in WA.

Bosnian regulatory authorities have accepted Adriatic Metals’ “geological reserves” statement for its Rupice-Juraševac-Brestic project and provided a clearer path to the issue of Exploitation and Operating Permits for developing that deposit. The company continues drilling on four rigs to extend the high-grade mineralisation at the Rupice prospect and test priority targets outlined by technical data that show potential for discoveries.

TNG Ltd has started drilling at its flagship Mount Peake vanadium-titanium-iron project near Alice Springs in the Northern Territory to recover samples for equipment selection testwork. Sterilisation drilling will also be carried out to ensure that no mineralisation is present at the planned locations of the concentrator, ore stockpile and integrated waste landform ahead of future development activities.

Lithium Australia is acquiring an 18.9% interest in Victoria-based Envirostream, which operates Australia’s only facility for shredding lithium-ion batteries into a powder containing critical metals. The company is looking to prevent this powder from being exported for refining by developing a process to extract the valuable nickel, cobalt, manganese and lithium compounds locally.

Hawkstone Mining has generated wide, high-grade mineralisation in two separate ore horizons from drilling at the Northern Mineralised Zone of its Big Sandy lithium clay project in Arizona, US. Better results include 23.3m @ 2,154 ppm lithium from 6.7m down-hole in the Upper Zone and 35m @ 2,078 ppm lithium from 31m down-hole in the Lower Zone, for the same vertical drill hole.

Black Rock Mining’s Chinese EPC partner Yantai Jinyaun has generated high quality, large flake dominant, graphite concentrates exceeding 99% purity at 93% recovery from pilot plant studies on the company’s Tanzanian Mahenge ores. The work was observed by offtake partners and potential investors and completed to validate the company’s optimised circuit design and processing flowsheets.