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Neometals

Neometals gets serious about nickel with resource boost

Matt Birney Matt Birney
13 Nov 2019

Neometals is continuing its push into nickel with the expeditious upgrading of its inferred nickel resource at the Munda deposit, which is now a strategic part of the company’s Mt Edwards project near Widgiemooltha in WA. The update has significantly impacted Mt Edwards’ growing inventory, boosting its contained nickel resources to over 130,400t of contained metal, clearing the way for mining studies.

Ardiden

Ardiden drill-ready with new targets at Canadian gold play

Matt Birney Matt Birney
13 Nov 2019

ASX listed explorer, Ardiden, has identified a swathe of new targets across the West Pickle and Pickle Lake prospects at its gold play in Ontario, Canada. The targets were identified using a combination of airborne magnetic, electromagnetic or “EM” geophysical surveys and historical data. The company also holds the Kasagiminnis deposit that holds a resource of 110,000 ounces grading at a very respectable 4.4g/t gold.

High tech move recovers fine gold for Novo in Pilbara

Matt Birney Matt Birney
13 Nov 2019

Ore sorting could be the panacea for nuggety conglomerate gold projects that are notoriously hard to develop after Novo Resources reported very positive gold recovery numbers from its Egina conglomerate gold project in the Pilbara. Novo is rapidly gaining credibility as a conglomerate specialist as it looks to add this new ore sorting technology to its suite of tools to effectively process its various styles of conglomerate mineralisation.

AVZ Minerals

African mining veteran to add gravitas to AVZ board

Matt Birney Matt Birney
13 Nov 2019

Emerging global lithium player, AVZ Minerals, has recruited the services of African mining veteran, Dr John Clarke, as it prepares to take its massive Manono lithium project in the Democratic Republic of Congo to the next level. Dr Clarke, a former Ashanti Goldfields executive, will become AVZ’s non-executive chairman at the end of the year, bringing to the table a vast wealth of experience from across the Continent.

Image Resources

Image spoilt for choice as off-takers line up for mineral sands

Matt Birney Matt Birney
13 Nov 2019

Despite a drop in the zircon price earlier this year, the value of Image Resources’ zircon-rich heavy mineral sands concentrate from its Boonanarring operation in WA has not been diminished as offtake partners continue to pay a premium for its product. The company, which has enjoyed a stellar run since production started at the mine last December, is now looking at new ways to add value to its mineral sands ore body.

Northern Minerals

Dazzler lives up to its name for Northern Minerals

Matt Birney Matt Birney
13 Nov 2019

Northern Minerals has hit more high-grade dysprosium at its Dazzler prospect just 15km from its Browns Range mine. Assays received by the company following an RC infill and step-out drilling program at Dazzler returned some impressive, near surface intercepts including 7.71% total rare earths oxide, including 7,502 parts per million dysprosium. Dysprosium is typically only mined in China and is in demand from the EV sector.

MGC Pharmaceuticals

MGC lands first Aussie Gov grant

Matt Birney Matt Birney
13 Nov 2019

MGC Pharmaceuticals has received a Government grant to support its research and development work relating to phyto-cannabinoid derived medicines to treat the symptoms of dementia and Alzheimer's. According to the Australian Bureau of Statistics, dementia is the second leading cause of death for Australians, which means that MGC will have a sizeable addressable market if it’s cannabis-based medicinal products can have an impact on this debilitating disease.

Azumah Resources

Ibeara snaps up 59% of Azumah

Matt Birney Matt Birney
13 Nov 2019

The board and management of Azumah Resources has downed tools and moved on after its private equity partner, Ibeara Capital, moved to a majority 59% holding. Managing Director Steve Stone has resigned and non-executive director, Linton Putland will not seek re-election and both have recommended that shareholders accept Ibeara’s increased 3.3c a share offer on their way out the door. All major shareholders have now accepted.

Sky and Space Global

Space communications race intensifies for WA company

Matt Birney Matt Birney
12 Nov 2019

Sky and Space Global is rattling the tin as it accelerates its plan to beef up its presence in the space communications race as it looks to launch the first eight of its income earning, telecommunications “nanosatellites” by next year. The company is also planning to expand its commercial opportunities in the satellite sector as it continues to attract telecommunications customers.

Horizon Minerals

Horizon gets onto more gold near Kalgoorlie

Matt Birney Matt Birney
12 Nov 2019

Horizon Minerals has rounded off a drilling campaign at its Kalgoorlie gold project with results such as 12 meters grading 3.62 grams per tonne gold from just 28 meters downhole at the Capricorn prospect. At the historic Baden Powell North prospect, new intercepts include 5m going 2.67g/t from only 12m. With multiple processing facilities in the area, Horizon could even produce some quick and easy cashflows from Capricorn.

Big River Gold

Big River looks to cash in on “waste” mineral

Matt Birney Matt Birney
12 Nov 2019

Big River Gold said this week that a usually insignificant waste mineral known as “mica”, could potentially make the company some good money at its Borborema gold project in north-eastern Brazil. Perth-based consulting group, Wave, identified the potential to process and extract the mica minerals and sell them as a separate, commercially viable product. The micas make up approximately 30% of the volume of the Borborema deposit and carry half the gold grade.

Strike Energy

Is this Australia’s largest onshore conventional gas deposit?

Matt Birney Matt Birney
11 Nov 2019

Strike Energy is firing on all cylinders, tabling a maiden resource of a massive 1,185 billion cubic feet of 2C gas at its West Erregulla-2 well in the Perth Basin of Western Australia. Strike’s gas play is arguably Australia’s largest onshore conventional gas field and the company’s excitement is still building with multiple targets at West Errugulla underpinning the potential for the gas resource to grow even further.

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Metals Australia0.00100.0020
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Amani Gold0.00200.0030
Alloy Resources0.00200.0030
Grand Gulf Energy0.00200.0030
SUDA Pharmaceuticals0.00200.0030

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