Public Company News

Terrain Minerals has unearthed some encouraging base metals and gold results from its maiden drill program at the Red Mulga project, near Geraldton. A highly anomalous result of 5m grading 0.15% nickel and 0.35% chromium from 33m down-hole was returned from a mafic schist in the south of the project and elevated levels of copper to 0.74% and zinc and gold were also located in rocks to the north.

Artemis Resources has reported exceptional high grade cobalt results and solid gold and copper numbers, from a drill campaign at its Carlow Castle project near Karratha in W.A. Results include a new cobalt zone at the Quod Est prospect that produced 17m @ 0.61% cobalt, 1.86g/t gold and 0.05% copper from 88m down-hole. The company also outlined high-grade ore intercepts from infill drilling at the nearby prospect areas.

Venus Metals’ farm in partner Lepidico has intersected multiple zones of lithium-rich mineralisation whilst drilling at the company’s Youanmi project tenements in the Murchison region of W.A. Lepidico reported intersections up to 9m thick of lepidolite mica from the recently completed drill campaign and it has secured an option to earn up to 80% of the lithium rights on an exploration licence located 20km from Venus’ Youanmi gold operation.

Lithium Australia is now the sole owner of the Sadisdorf lithium project in far east Germany where recent drilling returned very wide intersections of lithium after the transfer of project licences was approved by the Upper Mining Authority of Saxony. The company is currently progressing a scoping study for the project that is based on using its “SiLeach” technology to unlock the project’s potential.

Northern Minerals has discovered new, thick, rare earth mineralisation, rich in the sought-after element dysprosium. The find come courtesy of a drilling campaign on its Dazzler and Iceman prospects, 15km south of the company’s operating Brown Range mine, in the southern Kimberley region of W.A. Best results came from Dazzler, which returned 18 metres grading 9.1% total rare earth element oxide, incorporating a significant 0.86% dysprosium oxide content.

Metalicity has received the first payment of CAD$500,000 for the sale of its West Australian zinc projects after Canadian spin-off Kimberley Mining successfully completed the first tranche of its CAD$2m seed capital raising. The company will also receive CAD$20m worth of Kimberley shares and a CAD$4m payment on successful completion of Kimberley’s IPO in the December quarter this year.

Galena Mining’s resource extension drilling of the “apron zone” at its Abra lead-silver project near Meekatharra continues to extend the known mineralisation, with results of 16.2m @ 9.2% lead and 44g/t silver from 373m down-hole, including 4.5m @ 15.1% lead and 44g/t silver from 384.7m. The current campaign is proving up mineral resources that will be incorporated into the company’s PFS, due for release later this quarter.

King River Copper has reported another outstanding gold drill result from a narrow, but ultra-high grade vein at its Mt Remarkable gold project near Kununurra in W.A. The intersection of 6m @ 60g/t gold from 24m down-hole, included an exceptional, 0.3m @ 354g/t gold from just 24.7m. Additionally, the company said that scoping study results for its separate Speewah vanadium and fluorite projects will be reported by month’s end.

Researchers at the Olivia Newton-John Cancer Research Institute in Melbourne have independently confirmed the ability of Pharmaust’s anti-cancer drug, Monepantel, to impact cancer cells. This includes other previously untested human melanoma cancer cell lines. The research also found that the drug became progressively more effective over a longer time whilst having minimal impact on two non-cancerous ovarian cell lines.

Lithium Australia has successfully completed Stage 1 of its SiLeach pilot plant trial at ANSTO Minerals facility in New South Wales with the production of a lithium pregnant liquor that meets purity targets. SiLeach is a potential game changer for the lithium battery chemicals business as it has the ability to process lower grade ore at a lower cost that the expensive “roasting” based methods.

MGC Pharmaceuticals has signed a key distribution agreement with Maltese based A.M. Mangion that will fast track the distribution of its medical cannabis pharmaceutical products into key target markets in Europe. The company is also weeks away from starting construction of its second medical cannabis production and cultivation facility that will produce GMP-grade pharmaceutical products on a commercial scale.

Coolgardie Minerals has signed off on an ore sales agreement that will see the company deliver up to 100,000 tonnes of ore in small parcels to processing facilities at Northern Star Resources’ South Kalgoorlie operations for toll treating over a six-month period, beginning in October. The agreement locks in a gold price of A$1,650 per ounce, potentially generating more than A$10m in revenue for Coolgardie from the agreement.