Public Company News

Manufacturer and distributor of consumer goods, Pental Limited is set to bolt on at least $24 million in existing revenues and plenty of blue-sky revenue opportunities after moving to acquire e-commerce business, Hampers With Bite. Pental will add the burgeoning gift hamper business to its lucrative and growing stable of big-name brands that it distributes including Huggie, White King, Jiffy, Velvet, Softly and Duracell, to name just a few.

Venus Metals and Rox Resources say they have identified what looks to be a new gold lode parallel to the old Youanmi mine at their joint ventured Youanmi gold project in WA. The JV partners’ continuing drilling campaign at Youanmi recently returned a pulse quickening 4-metre intersection going an impressive 45.5 g/t gold from 341m including 1.33m grading an even more impressive 129.3 g/t gold from 341.75m.

ASX-listed junior explorer Surefire Resources has uncovered three new targets at its exciting Yidby gold discovery at its namesake project in WA’s south-west Murchison district following recent soil sampling work. The Perth-based company says results from the geochemical survey comprising 520 samples point to three discrete and significant soil anomalies south-east and along strike of Yidby.

Quantum Graphite has launched into an eight-hole diamond drilling campaign over the ‘Eastern conductor’ near its Uley 2 graphite deposit on the Eyre Peninsula in SA. Uley 2 already boasts a 6.3 million tonne resource going 11.1 per cent total graphite content, with reserves clocking in at 4Mt at 11.89 per cent. The company is now looking to grow the resource and reserves via a two-phase drilling campaign.

Ora Banda Mining says its central Davyhurst gold processing hub and surrounding satellite mines in WA’s Eastern Goldfields have continued to make performance improvements across the board during the operation’s current ramp-up phase. The company eked out gold production of just over 2,450 ounces in the past couple of weeks and estimates total gold output of about 9,000 ounces across July and August.

ASX listed Emu NL has ramped up drilling at its lode-gold style Gnows Nest project in WA with a 6,500m reverse circulation program that has already intersected quartz veining at depths between 120m and 190m downhole. Drill testing is ongoing at the historic Gnows Nest mine, the Monte Cristo prospect and at a new target known as Watertank Hill, within a significant structural zone between Gnows Nest and Monte Cristo.

Junior exploration company, Torian Resources has delivered several significant gold drill hits at its Stirling Well deposit some 40km north-west of Leonora in WA including 1m at an impressive 16.81 g/t gold. The company says the recently announced results have increased the mineralised footprint beyond the existing resource which already consists of 253,500 tonnes going 2.01 g/t gold for more than 16,000 ounces of the precious yellow metal.

ASX-listed aspiring gold developer Bardoc Gold has revised its cash-flow optimisation strategy and brought forward development of its cornerstone Aphrodite deposit which will increase early profits and free cash flows from its proposed Bardoc gold mine in WA. The revised plan will increase the forecast gold production to 150,000 ounces of gold per year by year three of the initial five-year plan.

Vietnam nickel hopeful Blackstone Minerals has produced a series of encouraging results from a maiden drilling program targeting the Ban Khoa disseminated nickel sulphide prospect at its Ta Khoa project about 160km west of Hanoi in northern Vietnam. The pick of the initial assays was 147m averaging grades of 0.31 per cent nickel, 0.04 per cent copper, 0.01 per cent cobalt and 0.14 grams per tonne PGEs from 62m depth.

ASX-listed Element 25’s second shipload of about 27,000 tonnes of manganese concentrate produced at its Butcherbird operation in WA’s southern Pilbara region has recently departed Port Hedland, only a handful of weeks after the inaugural export shipment of about 27,000 tonnes set sail. The Perth-based company says the ore aboard a Handymax-size vessel will be delivered to its offtake partner OM Materials’ smelter in China.

Comet Resources has confirmed recent re-assaying of core from an historic drilling program at their Santa Teresa project in Mexico has proven intersections of high-grade gold, including ‘bonanza’ grade hits of up to 132g/t gold. Comet has also completed the analysis of samples from a surface sampling program and phase 1 metallurgical test work.

ASX-listed explorer, Oar Resources claims to have set a new record for the highest grade halloysite recorded in Australia at its Gibraltar project on the Eyre Peninsula in SA. A series of “exceptionally” high-grade halloysite strikes above 30 per cent confirm the exciting halloysite-kaolin discovery with one sample printing at a dazzling 53 per cent.