Public Company News

Novo Resources has pulled a rabbit out of a hat by snapping up Millennium Minerals and its Golden Eagle gold processing plant at Nullagine in WA. The bold move sets the stage for the company to become Australia’s first conglomerate gold producer.

Great Southern Mining continues to churn out the high-grade drill hits at its historic Cox’s Find gold project near Laverton in WA, this time outside of the interpreted main lode extension. Better assays from recent RC drilling at Cox’s Find included 9m going 5 g/t gold from 142m, within a broader zone of 16m at 3.7 g/t from 138m, and 2m at 14 g/t from 146m.

The results of unlisted Barton Gold’s latest geophysical survey nearby its soon to be restarted Tarcoola gold project in South Australia are pulse-quickening. The company says it has identified a 3.5km-long trend or geological “channel” that may be harbouring look-alike gold deposits to the existing Perseverance open pit at the rapidly developing Tarcoola gold project.

ASX-listed aspiring manganese developer, Element 25, has ticked a major box at its proposed low-CAPEX Butcherbird project in the Pilbara, this week declaring the site has sufficient process water supply to support production. The company says it successfully pump tested a water bore within a shallow aquifer and determined the project has enough water for proposed production operations.

ASX-listed Troy Resources has returned multiple hits at its Karouni gold project in Guyana, South America, with its Smarts underground prospect throwing up drill numbers like 19m at 9.15 g/t gold from 173m down hole, including 5m going 24.24 g/t gold. Troy has also produced almost 13,000 ounces of gold from its open pit operations since mining re-commenced in January this year.

ASX-listed Lithium Australia, via its subsidiary, the Very Small Particle Company or “VSPC”, has refined the process for the production of its lithium ferro phosphate battery cathode powders, reducing the chemical input costs by 20 per cent in the process. Lithium phosphate raw materials produced using VSPC’s optimised process returned excellent electrochemical results, according to the company.

ASX-listed Canada gold explorer, Ardiden, is gearing up for a very detailed airborne geophysical survey of the New Patricia prospect at its high-grade Pickle Lake gold project in north-western Ontario in Canada as the historic mining area gets its first taste of aerial survey work in 45 years.

Neometals has joined forces with multi-billion-dollar German metallurgical powerhouse, SMS Group, to develop the company’s proprietary lithium battery recycling technology. Under the terms of the joint venture, the companies will form Primobius GmbH to commercialise Neometals’ lithium-ion battery recycling technology with the recovered product set to be used in the growing battery supply chain.

Terrain Minerals is showing impeccable timing, launching a new drill campaign at its Wild Viper gold project in WA, just as the gold price reaches for the stars. The company is set to complete 1,000 metres of reverse circulation drilling across two key targets within the project area north of Leonora. With $2 million in the bank and a bag full of gold targets throughout WA’s rich Goldfield region, Terrain looks set to power through the second half of 2020.

Godolphin Resources has picked up some highly anomalous gold sniffs at its historic Lewis Ponds project about 15km east of Orange, NSW, in the venerated Lachlan fold belt, with the assay numbers swaying the company to now focus its exploration attention on gold at the project. Lewis Ponds lies 20km north of Regis Resources’ two-million-ounce McPhillamys gold deposit.

Eclipse Metals has cleared a critical hurdle as it negotiates a regional land access agreement in the Northern Territory and launches an exploration campaign at its Devil’s Elbow uranium-PGE prospect. The company has reached an agreement with traditional owners to enter into negotiations to approve exploration across the two new leases that surround the Devil’s Elbow prospect, giving it access to key targets in the world-class Alligator River Uranium Field.

Hot Chili has tabled some positive test work from its three copper deposits in in Chile, delivering a common processing route and potentially a high-value product. Metallurgical test work on sulphide samples from the Cortadera, Productora and San Antonio copper deposits confirms the selected processing flowsheet should see over 89 per cent of the contained copper recovered.