Public Company News

St George Mining has confirmed that mineralisation at its Investigators nickel-copper prospect near Leonora in W.A becomes thicker in the down dip direction after intersecting 8.4m @ 2% nickel, 0.96% copper, 0.06% cobalt and 2.59g/t total PGE from 199m. Further step-out drilling is underway while down-hole electromagnetic surveys are being run near one of the very strong conductors.

Greenland Minerals and Energy is completing an optimisation program at its Kvanefjeld rare earths project in southern Greenland that will simplify project construction, minimise civil earth works and reduce associated capital costs. Recent onsite engineering studies by a multi-disciplinary team of engineers are expected to reduce the amount of construction effort required for the civil construction, port and plant sites.

Mineral sands miner Image Resources has unearthed anomalous, shallow gold intersections during its first-pass drill program at the Erayinia prospect, located east of Kalgoorlie. The best result was 20m @ 0.7g/t gold from 40m down-hole, including 4m @ 1.2g/t gold from 48m and 4m @ 1g/t gold from 56m. The company will conduct a larger program of aircore drilling now to test 7km of prospective strike extensions.

Celebrated conglomerate gold specialist Novo Resources will acquire two strategic gold projects 80km south of Port Hedland. The company will fund exploration for two years to farm into Pioneer Resources’ Kangan gold project to earn a 70% interest for a consideration of $600,000 in cash and scrip. Novo will also acquire 4 key tenements from a private company in the area for cash and shares totalling A$8m.

A Perth based ASX listed junior has quietly been sweeping up big swathes of lucrative acreage in Alaska’s hottest oil province known as the North Slope with the truth diviner in the form of a drill rig about to be put to the test in coming months. 88 Energy will soon drill a well targeting up to 400 million barrels at its Western Blocks project in the region.

Terrain Minerals has reported excellent metallurgical gold recoveries averaging over 96% from ore composites of its oxidised, transitional and fresh ores at the Great Western project, near Leonora in W.A. The results imply that a conventional milling and processing route is likely to be suitable for the company’s future ore production. Terrain also submitted works proposals for exploratory drilling at its Wild-viper project that surrounds Great Western.

Artemis Resources has recovered 225 ounces of gold nuggets to date from its ongoing conglomerate gold exploration play at the 47K Patch and Purdy’s Reward discoveries, just south of Karratha, in the western Pilbara region of W.A. The company is working with CSIRO and is currently completing a geophysical survey over 47K Patch. Bulk sampling will be carried out once all data is consolidated, integrated and processed.

Sky and Space Global has developed new network management and data compression software for its 200 telecommunications “nano-satellites” that are set to be blasted into space in 2019. The company is also developing an autonomous management system and fuel optimisation software that together will allow the nano-satellite constellation to be operated autonomously.

Myanmar Metals has completed its scoping study for the Bawdwin base metal project in central Myanmar, saying that it will redevelop the historical mine, starting with a low cost, low strip ratio cutback of the high grade China Lode over a 13-year initial mine life, which will accelerate its cash flow position. The milestone precedes a PFS due in early 2019, along with a maiden ore reserve estimate.

Australian Potash and Salt Lake Potash have signed a memorandum of understanding and cooperation agreement to study the potential cost savings from sharing infrastructure at their respective Lake Wells projects in the Goldfields region of W.A. The joint study will initially focus on joint infrastructure developments and will also study the potential for cost sharing on common evaporation and salt processing facilities.

Lithium Australia will send samples of its lithium iron phosphate cathode powders produced from its VSPC plant in Brisbane to Chinese battery manufacturers for testing. The company has already completed a number of pilot-plant production runs and is seeking confirmation of the high capacity of its battery cathode material from the lucrative Chinese lithium battery manufacturing market.

Having just banked a maiden resource estimate at its Razafy graphite project, BlackEarth Minerals has now commenced a regional exploration program at its Maniry and Ianapera projects in Madagascar. The company is planning close spaced trenching and sampling work to outline future high grade drilling targets and is now looking to also table its scoping study for Razafy and a resource estimate for the Haja prospect later in the year.