Public Company News

Hot Chili gets 12 months grace to pay for Cortadera

09 Apr 2020

Hot Chili has transformed the Cortadera copper-gold deposit, one of Chile’s best kept secrets, into a company maker and it has now bought itself another 12 months to pay for it as the company continues to drill it out and get a handle on just how big Cortadera might be. The deal removes the need to raise money during the Coronavirus calamity, which has also caused the US dollar to tank.

Ardiden

Ardiden amasses huge land bank in rich Canadian goldfield

Matt Birney

09 Apr 2020

Ardiden Limited has amassed a huge land bank after securing 165 square kilometres of prospective leases adjacent to its Pickle Lake gold project in Ontario, Canada, taking its total land-holding in the gold-rich greenstone belt to 664 square kilometres. Ardiden said its lease position is the largest in the region and comparable with the world class Red Lake gold district located approximately 200 kilometres west of Pickle Lake.

Alterra

Alterra executes Avocado strategy

Matt Birney

08 Apr 2020

Just 12 months after taking the helm at ASX-listed agricultural company, Alterra, Oliver Barnes has successfully pivoted the company and made good on his business model to create long term investment grade agricultural assets that are attractive to the institutional investment market. Alterra is set to become one of WA’s leading avocado orchard developers after leasing 300ha of prime land near Pemberton in WA.

Troy Resources

Troy banks 4500 ounces of gold from South American project

Matt Birney

08 Apr 2020

Troy Resources has recovered 4,528 ounces of gold since mining re-commenced on January 10th this year at its Karouni gold project in Guyana South America, with much of the precious metal coming from the Hicks-4 pit that recently booked a three-fold reserve upgrade. Head grades have also been solid with the average grade for the quarter coming in at 2.2 grams per tonne gold.

St George Mining

St George gets sniff in the Paterson

Matt Birney

08 Apr 2020

ASX-listed explorer, St George Mining has shone a light on some 35 kilometres of prospective geology in the revered Paterson province in the eastern Pilbara of WA after a new aeromagnetic survey lit up several potential copper and gold exploration hotspots. The geophysical survey represents the company’s inaugural field work program in this prolific mineral province and it has now applied for co-funding under the WA Government’s Exploration Incentive Scheme.

Ora Banda Mining

Ora Banda lands initial underground resource at Golden Eagle

Matt Birney

08 Apr 2020

Ora Banda Mining has updated the mineral resource estimate for its historic Golden Eagle mine, located just 3.2km from its Davyhurst processing plant, in WA’s Eastern Goldfields, with an initial underground resource of 49,000 ounces of gold. The upgrade totals 393 kt at a higher grade of 3.9 g/t gold at a cut-off grade of 2.0 g/t to reflect the potential to mine this deposit by conventional underground mining.

Northern Minerals

Northern nails heavy rare earths resource upgrade

Matt Birney

08 Apr 2020

Local heavy rare earths producer, Northern Minerals has upgraded the mineral resource estimate for its Dazzler deposit in north-eastern WA by 50 per cent to 214,000 tonnes and delivered a small uplift in grade to 2.33 per cent total rare earth oxides. The company said Dazzler is now the second largest deposit at its Browns Range heavy rare earths project, behind the Wolverine resource.

Venus Metals Corporation

Venus zeros in on Penny South

Matt Birney

08 Apr 2020

Venus Metals continues to zero in on the Penny South prospect at its Youanmi gold project. The company’s latest geophysical program has highlighted five priority EM targets at the high-profile project which is located immediately along strike from Spectrum Metals famed Penny West gold deposit. The company is now planning a follow up program with detailed ground EM and deep RC drilling planned for the coming months.

Blackstone Minerals

Koreans plough $6.8m into Blackstone at 62% market premium

Matt Birney

08 Apr 2020

In an extraordinary move amid the Coronavirus inspired market carnage, Blackstone Minerals has managed to place $6.8m at a 62% premium to market to giant South Korean battery materials manufacturer, EcoPro. EcoPro owns the world’s 2nd largest nickel-rich battery cathode manufacturer and the largest operation of its kind in Korea. EcoPro is looking to get exposure to Blackstone’s Ta Khoa Nickel-Platinum project in Vietnam.

Lithium Australia

Lithium Australia locks in patent

Matt Birney

07 Apr 2020

Lithium Australia has received its certificate of grant from IP Australia guaranteeing up to 20 years of patent protection relating to its “LieNA” lithium processing technology. LieNA takes fine lithium spodumene ore and concentrates it by up to and greater than 85%. Traditional recovery methods are currently as low as 50%, with the rest going to waste, according to Lithium Australia.

Neometals

Neometals levers vanadium processing tech in new alliance

Matt Birney

07 Apr 2020

Neometals has levered its vanadium metallurgical processing smarts to team up with unlisted Scandanavian energy metals player, Critical Metals Ltd to jointly evaluate the viability of building a ground-breaking vanadium recycling plant that will harvest vanadium from “slag”, or waste produced by global steel company, SSAB. SSAB has been stockpiling its vanadium rich steel waste product that Neometals says might be the highest grade vanadium feedstock in the world.

Quantify Technology Holdings

Quantify set to grow sales with new supply contract

Matt Birney

06 Apr 2020

ASX-listed, smart home technology provider, Quantify Technology, has secured yet another sales contract through its east coast distributor, Harvey Norman Commercial, taking its “smart” light switches, power points and related hardware into a new, high-end residential development in Sydney. The three-year contract, worth in excess of $450,000, gives it exclusive rights to install its smart devices into thirty-six innovative, high quality apartments and townhouses being developed by Dilcara.

Market Charts View all

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Runners of the week

Company Name	Open	Peak
Vortiv	0.0040	0.1100
MetalsTech	0.0520	0.1950
EcoGraf	0.0300	0.0750
New Century Resources	0.0790	0.1650
Botanix Pharmaceuticals	0.0270	0.0560
Classic Minerals	0.0010	0.0020
BMG Resources	0.0010	0.0020
Quantify Technology Holdings	0.0010	0.0020
Inca Minerals	0.0010	0.0020
Esports Mogul	0.0050	0.0100

Corporate Finance Deals

Company Name
Ionic Rare Earths
Otto Energy
Coles
GBM Resources
Red 5

Director Share Trades

Director Name	Change
David Netherway at Kore Potash
David Hathorn at Kore Potash
David Netherway at Kore Potash
Jonathan Trollip at Kore Potash
Martin Botha at Resolute Mining
Grant Davey at Superior Lake Resources
Timothy Keating at Kore Potash
Yasmin Broughton at Resolute Mining
David Hathorn at Kore Potash
Sabina Shugg at Resolute Mining