Public Company News

Aurora Labs has jumped out of the gates of its latest capital raising with an oversubscribed placement and share purchase plan underway to raise up to $3.5 million at $0.085 per share, as its stock opened at $0.12 per share today.

Venus Metals could be knocking on the door of the next high-grade gold discovery at Youanmi in WA. The company’s drilling campaign over the Taylor's Reef prospect has returned outstanding gold intercepts, including 3m at 19.58 g/t gold also hosting 1m at an impressive 55.81 g/t gold from only 21m downhole - follow up RC drilling is planned in the coming months.

Buru Energy has entered into an agreement with ASX-listed Sipa Resources Ltd to progress mineral exploration at Sipa’s Barbwire Terrace project immediately south-east of Buru’s own Canning Basin oil and gas leases. Buru will earn a 50 per cent interest in Sipa’s tenement by funding the first $250,000 of on-ground activities. Buru’s latest Canning Basin oil lifting of 74,819 barrels is expected to net $1.6m for the company.

Indiana Resources has doubled down in South Australia’s revered Gawler Craton mineral province, this week locking up an additional 2,465 square kilometres of prospective tenure across the world class multi-commodity terrane. The new tenement applications double Indiana’s holding in South Australia to more than 5,000 square kilometres that mostly surround the Tarcoola gold mine that Barton Gold is about to breathe new life into.

ASX-listed clinical-stage oncology group, PharmAust, continues to show that its cancer fighting drugs, Monepantel and Monepantel Sulfone, can have a positive, anti-viral effect on cultured cells that are infected with the Coronavirus. According to the Perth-based company, a second repeat of its in-vitro anti-viral confirmatory testing successfully demonstrated the anti-COVID-19 activity of both Monepantel and Monepantel Sulfone.

Novo Resources has completed the acquisition of an existing mothballed mine in the Pilbara and cashed up the company by completing placements to the Sprott group and private entities. The transformational purchase delivers Millennium Minerals’ old Golden Eagle gold plant at Nullagine to Novo who has a significant in-ground resource just down the road.

St George Mining has continued to hit its straps at Mt Alexander with diamond drilling intersecting thick intercepts of the targeted ultramafic horizon along more than 4km of strike. Drilling of this stratigraphic target has returned thick intercepts of the ultramafic unit at depths of more than 280m, with nickel sulphides visible in the drill core.

ASX-listed Lithium Australia’s subsidiary Envirostream Australia has received what could potentially be a massive boost in battery “feed” for its recycling facilities in Victoria after the ACCC gave the Battery Stewardship Council the nod to manage a national levy scheme for the collection of end-of-life batteries.

ASX-listed gold explorer, Kingwest Resources, has the drill rods spinning again at its flagship Menzies gold project about 130km north of Kalgoorlie as it looks to accelerate exploration programs, mineral resource estimates and scoping studies towards a potential revival of the historic project.

South American focused gold miner, Troy Resources has the drill rods turning again at the Smarts underground deposit at its Karouni gold project where it previously drilled a bevy of long high-grade gold hits with grades running as high as half an ounce to the tonne. Three additional diamond holes remain to be drilled ahead of a planned resource upgrade.

ASX-listed, Canada-focused gold explorer, Ardiden, has fired up the rotors for a detailed airborne geophysical survey of its Pickle Lake gold project in north-western Ontario with a focus on the exciting brownfields New Patricia prospect. The company’s recently commenced helicopter survey marks 45 years since the Ontario Geological Survey unit carried out regional first-pass aerial work over the historic mining area.

Legend Mining is edging ever closer to the mother lode at its Mawson nickel discovery in WA’s Fraser Range, this week intersecting almost 13m of massive nickel-copper sulphides within more than 90m of sulphide mineralisation. The company said diamond drill hole RKDD023 successfully tested a strong downhole electromagnetic conductor, intersecting sulphides below 216m.