Public Company News

25,000 users take up Vonex cloud telephony tech

ASX listed upstart telco Vonex’s success in growing its cloud PBAX business continues unabated with the company now boasting 25,000 registered users as at the end of October 2018, up 25% from the same time in 2017. Further growth is expected as the second phase of Vonex’s very successful marketing campaign across Australian capital cities hits its stride.

Australian Potash drilling expands resources

Australian Potash has successfully intersected brines in recent deep aircore drilling at its Lake Wells sulphate of potash project located near Laverton in WA. All new drill holes ended in permeable deep sand aquifers suitable for abstracting the drainable mineral commodity. The new data should allow an upgrade of the existing resources into the measured status of classification, ahead of the company’s highly anticipated DFS.

Numbers keep rolling in for Adriatic

Adriatic Metals has revealed another exceptional intersection from its Bosnian, multi-commodity play with the latest numbers from the Rupice prospect turning up a serious looking 18 metre intersection grading 17.6% zinc, 9.4% lead, 3.8g/t gold and 508g/t silver from 162m down-hole. The result is 100m up-dip from a previous high grade result and grows the mineralised footprint ahead of the company’s maiden resource estimate.

Azumah to plough 40,000m of drilling into Ghana

Azumah Resources has kicked off a massive 40,000m multi-target drilling campaign to be managed and funded by Perth mining investment fund Ibaera Capital. Azumah is seeking to achieve a major boost to its resource and reserve numbers at the interesting looking project as it looks to deliver a feasibility study by the end of the year.

New drill results expand Myanmar’s Bawdwin ore system

Myanmar Metals has delineated significant extensions to the China Lode during resource development drilling at its Bawdwin base metal project in central Myanmar. The work is targeting areas outside of the existing mineral resources and those resources with lower confidence inferred status. Results included 32m @ 4.2% lead, 0.9% zinc and 91g/t silver from 81m down-hole that falls outside the current resource, but inside the optimised open pit shell.

Calidus drills high grade gold in the Pilbara

Calidus Resources has had further success with its infill and extensional resource drilling program at the Warrawoona gold project in the Pilbara. Encouraging intersections up to 6m @ 7.61g/t gold from 16m down-hole were returned from the St George Shear prospect, whilst results including 2m @ 20.84g/t gold from 88m down-hole and 6m @ 3.82g/t gold from 93m down-hole extended the Klondyke East prospect to over 600m of strike.

Solid cobalt/copper recoveries for Hammer

Hammer Metals has achieved encouraging recoveries of up to 95.1% copper and 95.4% cobalt from its first pass metallurgical testing program at the Millennium JV project near Cloncurry in Queensland’s Mt Isa mining district. Testing of the high grade composite sample from the northern quartzite zones also recovered 81.4% of the gold together with the copper concentrate.

Sovereign PFS highlights classy graphite project

Sovereign Metals’ says it can make AUD$57m a year by investing AUD$67m in initial CAPEX at its Malingunde graphite deposit in Malawi. The numbers are contained in the company’s recently tabled PFS that shows off a high grade, low CAPEX operation with excellent operating margins over an initial mine life of 16 years. The project produces a pre-tax NPV of USD$201m and an IRR of 56%.

Adriatic enlarges its land position in Bosnia

Adriatic Metals has increased its land holdings at the exciting Vares project in Bosnia, after local Government authorities approved the company’s request for major expansions to its existing concession agreement over the Rupice and Veovaca prospect areas at its 100% owned base metals play. At Rupice, the expansion takes in the region north and down plunge of a 66m thick, high grade intersection reported in October.

Report backs Emu’s gold/silver hunt in Chile

A Chilean-based geological consultant has completed a review that supports Emu NL’s interpretation that the Vidalita project in the highly endowed Maricunga Belt in Chile is a highly mineralised epithermal system with the potential to host a large gold-silver-base metal deposit. The review found that the high sulphidation mineralisation is likely to be largely intact due to limited erosion.

Great Southern uncovers 59,000 ounces near Laverton

Great Southern Mining has completed a maiden inferred mineral resource estimate of 1.1 million tonnes grading 1.7g/t gold for 59,000 ounces at its flagship Mon Ami gold project near Laverton in the northern Goldfields region of WA. The newly discovered deposit is just 25km trucking distance from Gold Field’s Granny Smith gold operation, opening up the possibility of future toll treatment of ores.

88 Energy’s Yukon leases hold 90m barrel oil potential

Alaska-focused 88 Energy has estimated that its wholly-owned Yukon leases in the famed “North Slope” oil province could hold prospective oil resources of about 90 million barrels of oil after processing 3D seismic it acquired earlier this year. The company will generate an inversion 3D volume to further delineate and de-risk the current mapping at the leases.


88 Energy (88E)

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