Public Company News

Blackstone to hunt down more high-grade sulphides in Vietnam

Blackstone Minerals is once again headed into the jungle surrounding its Ta Khoa nickel-copper-PGE project in Vietnam. It has kicked off an aggressive program of geophysics and drilling to hunt down more high-grade repetitions of its impressive Ban Phuc nickel mine. The company continues to produce a wealth of sulphide targets and high-grade nickel results that should boost its scoping study.

InteliCare shares rocket on ASX-listing

InteliCare’s in-home monitoring technology for the sick and the elderly made a spectacular debut on the ASX this week with the company’s shares running hard from 20c to a crescendo of 58c for the week. Lead Manager, JP Equity closed the book early after getting a flood of bids totalling $6.2m against the targeted $5.5m, which caused scale backs and a flurry of on market buying.

Element 25 picks up half mil in shares for royalty streams

Element 25 has completed a deal that will see it sell a portfolio of royalties it was holding over multiple projects for around A$500,000 worth of shares in TSX-listed specialist royalty company, Vox Royalty Corp. Element 25’s stock doubled recently from 20c to 40c after the market consumed its PFS and unlike many other flash in the pan ASX-listed company share price runs – it stayed there.

Great Southern lights up gold targets in QLD

Great Southern Mining has racked up another successful exploration program at its Edinburgh Park Project in north Queensland, with a recently acquired hyperspectral dataset lighting up a litany of interpreted geochemical footprints of mineralised porphyry, epithermal gold-silver and intrusive related copper-gold and multi-metals systems.

Lithium Australia joins hunt for nickel-copper-PGE in WA

ASX-listed Lithium Australia has formed an alliance with neighbour and fellow ASX-listed explorer, Australian Vanadium and privateer, Mercator Metals to explore for nickel-copper-PGE across contiguous tenements in the hills east of Perth. Lithium Australia said the alliance will target look-alikes to ASX-listed Chalice Gold Mines’ nearby Julimar project where a significant nickel-copper-PGE discovery was made just 29km to the northwest.

Calidus to earn up to 70 per cent of Pilbara multi-metals play

Calidus Resources has entered into a Heads of Agreement to earn up to 70 per cent of the prospective looking Otways Project, located just 50km from its flagship Warrawoona gold project in the Pilbara. The initial part of the deal with ASX-listed Rugby Mining Limited, will see Calidus spend $200K on the Otways project and put 1,200m of RC drilling into it over 12 months.

Ardiden targets between 500k and 1.2m ounces at Canadian project

Canadian-focussed Ardiden Limited is all set to kick off a diamond drilling program at the Kasagiminnis deposit where recent work adds significant weight to the prospectivity of its Pickle Lake project. The Kasagiminnis deposit contains a maiden resource of 110,000 ounces grading 4.3 grams per tonne gold and the company has set an exploration target of between 500,000 and 1.2m ounces.

Pilbara alluvial channel gold find for Novo

On the back of a recent find at its Paradise alluvial gold prospect in the Pilbara, TSX-listed conglomerate gold pioneer, Novo Resources, has uncovered a new, fresh, shallow, alluvial gold-bearing channel at its Egina project in WA’s northwest. Novo said the new channel that ties in well with its gold-bearing gravel terrace geological model has a width of 350m and a gravel thickness of 0.5-2.0m.

Venus adds new base metals/gold play to WA land bank

ASX-listed Venus Metals has entered into an option agreement with local prospectors to acquire a 90 per cent interest in an interesting looking base metals and gold land package. The agreement covers seven exploration license applications over an area of 1,366 square kilometres across the Narndee-Windimurra layered intrusive complex, just 15km west of the Youanmi igneous complex that hosts Venus’ Youanmi gold interests.

Neometals adds to Mt Edwards nickel resource yet again

Neometals has lifted the nickel resource at its Mt Edwards nickel project in WA yet again after expanding the resource at its Gillett deposit by a sizeable 30 per cent. Gillett now stands at 22,500 tonnes of contained nickel that sits between 80m and 350m below surface. Gillett is one of eleven ‘short lead time’ deposits that Neometals is building.

Legend hits 30 metres of massive sulphides in Fraser Range

Legend Mining believes it is closing in on the ‘big one’ at Mawson’s with drilling intersecting 30 metres of massive sulphides. The drill hole was designed to test a strong, ‘off-hole’ geophysical conductor and returned three zones of strong massive sulphide mineralisation. The drill core samples are now headed for the lab with an estimated three-week turnaround for results.

Ora Banda banks 330,000 ounces in reserves at Davyhurst

Ora Banda Mining continues to exceed market expectations with ore reserves at its Davyhurst gold project leaping an impressive 60 per cent. This latest update puts 330,000 ounces of gold into Ora Banda’s mine inventory and underpins the company’s DFS. Pit design and financial modelling are nearing completion while mine scheduling is well advanced and due to be delivered in June 2020.


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