Matt Birney

New modelling work at Hot Chili’s Cortadera copper-gold discovery in Chile has the Perth based company convinced that its resource, just in the existing discovery zone, has the potential to grow into a “tier-1” style deposit that is capable of hosting over 5mt’s of contained copper. A recent deviated drill hole unexpectedly delivered 92m @ 0.5% copper and 0.2 g/t gold at end of hole.

Coziron Resources looks to be onto a gold mineralised system at its Croydon project in the Pilbara as it vectors in on the higher grades at the project. One 8m intercept from its first pass drill program went 10.2g/t gold and 11 of the 13 drill holes were mineralised. Intercepts were clustered around the Top Camp prospect where gold anomalies were recorded from earlier soil and auger samples.

Kairos Minerals has spied visible gold amongst an extensive array of gold mineralised soil anomalies at its Fuego Prospect in the Pilbara region of W.A. It said that multiple gold-in-soil anomalies have defined an in-situ gold target at Fuego over 10km of strike that contains results above 30ppb of gold. The company will now use an EIS State Government grant of $150,000 toward its next RC and diamond drilling campaign.

Ora Banda Mining has increased its Waihai gold resource by 190% to 2.46Mt grading 2.6g/t gold for 206,000 ounces. The company’s total Davyhurst project mineral resource now stands at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces. A swathe of new drilling metres has been ploughed into the broader Davyhurst project with the global resource now sitting at 23.8Mt grading 2.6g/t gold for just shy of 2m ounces.

Horizon Minerals has kicked off what is shaping up to be a highly anticipated drilling and resource development program at its newly acquired Rose Hill project near Coolgardie in the prolific Goldfield’s region of WA. The project already boasts a resource of some 1.2 million tonnes grading 2.49 grams per tonne for 95,200 ounces of gold and recent excellent intersections include 11m grading 8.79g/t gold from 43m and 10m grading 6.28g/t gold from 28m.

Black Rock Mining is gearing up to develop its Mahenge graphite mine in Tanzania, having now opened three offices at local villages. The Mahenge graphite project boasts a 212 million tonne resource grading a respectable 7.8% total graphite content and the company says it has now established key relationships with locals and Government, both of which are key requirements for doing business in Tanzania.

Listed telco innovator, Vonex, has entered into a preliminary agreement with the Canadian company, Silverstream SEZC, to sell its legacy entitlement to future iron ore production royalties from the Koolyanobbing Iron Ore Project. Subject to a definitive sale and purchasing agreement being executed and certain milestones being met, Vonex will receive total consideration of AUD$2.5 million in three instalments.

The AMA Group has acquired New Zealand’s Fully Equipped Group that will complement its existing automotive component accessory division. The Fully Equipped Group manufactures and distributes automotive spare parts and accessories, predominantly for the off-road and utility market. Fully Equipped is based in Hamilton, NZ and has distribution centres on both the north and south islands. The company said it expects the acquisition to be EPS accretive by FY20.

Aurora Labs has executed a framework agreement with a global quality assurance provider to have the spare parts that are “printed” by its unique 3D metal printers certified. The agreement may enhance Aurora’s opportunity to break into markets such as the marine, aviation, and oil and gas industries where down time means money and the ability to create parts on-site is potentially revolutionary.