Public Company News

Neometals has appointed two new non-executive directors with wide ranging experience to strengthen its board ahead of the proposed demerger of the Barrambie titanium-vanadium project and associated non-lithium technology assets into a new ASX-listed entity. Dr Jennifer Purdie is the CEO of Adani Australia Renewables while Leslie Guthrie was most recently Vice President Projects (Potash in Canada) for BHP Billiton.

MGC Pharmaceuticals will focus on its cannabis-based pharmaceutical products after reaching a deal to sell its cannabis cosmetics division, MGC Derma, to Canadian private cannabis investment company CannaGlobal for CAD$12.5m in scrip. CannaGlobal will also commit to an exclusive five-year supply agreement for MGC to supply it with raw materials and proprietary production intellectual for the period.

Venus Metals has completed a heli-borne electromagnetic survey at its Greenbushes East base metals project in WA, with preliminary interpretations outlining several conductive features which are coincident with historical zinc and copper surface geochemical anomalies. Interestingly, the project is just 20km from Venture Minerals’ recent massive sulphide discovery at Thor. Venus is now planning follow up field geological reconnaissance once final results of the geophysical survey are known.

Precious metals explorer Emu NL has outlined its proposed program for the upcoming field season at the Vidalita project in northern Chile. The company will undertake a comprehensive campaign of shallow aircore drilling at its Vidalita, Peon 4, Vidalota D and Jotahues areas and will target higher grade gold and silver mineralisation with diamond drilling at the main Vidalita project. Field teams will be on-site in early November.

Sky and Space Global has signed a binding MoU with inter-governmental organisation OECS for the provision of network services to the eastern Caribbean region. The two parties will explore how the company’s connectivity platform can be incorporated into the communication infrastructure of OECS member states, to improve and enhance its reliability, accessibility and feasibility.

Calidus Resources has intersected wide zones of high grade gold at its Copenhagen prospect, just west of the flagship Klondyke resource in the Pilbara. The best result was an impressive 10m intersection going 12.85g/t gold from 117m down-hole, including 4 metres at nearly an ounce to the tonne. The company has three drill rigs operating at its Warrawoona gold project, targeting ore extensions both down-dip and along strike.

Tyranna Resources has kicked off a highly anticipated drilling campaign aimed at bringing the historical mineral resource at its Eureka gold project near Kalgoorlie up to JORC-compliant standards. The company will then make a decision about kicking off a feasibility study to evaluate the opportunity of mining and toll treating the ore at nearby processing mills.

ASX listed TNG Ltd has signed a binding heads of agreement with industry-leading German technology provider Ti-Cons for the supply of a full titanium dioxide pigment production technology package for its Mount Peake vanadium-titanium-iron project in the NT. The deal paves the way for the company to commercialise its TiO2 pigment production process that it successfully developed earlier this year.

Bellevue Gold has continued its dream run at the company’s namesake gold project near Leinster with a spectacular 10m drill intersection grading almost an ounce to the tonne gold. The company recently added a further drill rig on site to speed up the definition of the Viago lode and it is working on an updated mineral resource due later this year, which should reflect the latest exceptional results.

Location and scale are two areas that Lithium Australia is studying for its planned, large-scale lithium processing pilot plant to reduce capital requirements and optimise the technical and financial benefits. The company said that with changes to the Australian Federal Government’s R&D rebate scheme, it would locate its pilot plant in a jurisdiction that will provide the greatest practical benefits.

Artemis Resources’ drill campaign at Carlow Castle has uncovered the potential for more mineralisation at depth with a notable intersection of 25m @ 3.38g/t gold, 0.24% cobalt and 0.77% copper from 228m including 5m @ 9.62g/t gold, 0.65% cobalt and 0.79% copper. Further extensional and infill drilling is planned to target further strike extensions and define the major controlling structures.

Galena Mining has reported some outstanding results for its Abra lead/silver project PFS, showing an initial 14 year mine life and a pre-tax NPV of A$528m, $134m more than previously thought. Galena says Abra will churn out an impressive A$97m worth of free cash annually after 2022. The company also reported a maiden ore reserve of 10.2 million tonnes grading 8.1% lead and 20g/t silver this week.