Public Company News

Lithium Australia hits lepidolite at Youanmi

Lithium Australia’s ongoing lithium drilling at the prospective Youanmi project near Sandstone in WA’s Murchison region has had initial success, with many of the 22 holes drilled to date intersecting visible lepidolite mineralisation. The company has also dispatched samples from its completed four-hole vanadium drilling program at Youanmi for chemical analyses and metallurgical test work.

AVZ hires GR Engineering to deliver lithium study

AVZ Minerals has appointed well-credentialled, Perth-based, GR Engineering Services to oversee delivery of the definitive feasibility study for its Manono lithium and tin project in the Democratic Republic of the Congo, by the June quarter of 2020. On-site, DFS work programs are continuing on schedule with metallurgical test work well underway and dewatering programs for the historical Roche Dure open pit having commenced.

St George defines new nickel-copper target in WA

St George Mining’s new Fish Hook prospect at its flagship Mt Alexander base metals project near Leonora, WA, has been identified as a high priority nickel-copper sulphide target. Soil sampling at the prospect returned highly anomalous values for nickel, copper and platinum group elements that exceeded assays at the Investigators Prospect where extensive high-grade nickel-copper sulphides were later intersected by drilling.

Bellevue expands gold resources by 17% at WA project

Bellevue Gold has generated an updated mineral resource estimate for its flagship Bellevue gold deposit near Leinster, WA, revealing a 17% increase in the contained metal to 5 million tonnes grading 11.1g/t gold for 1.8 million ounces. Next steps at the project include completing metallurgical and geotechnical studies, establishing water supply locations for the proposed mining operation and refining geological resource models by completing infill drilling.

ClearVue, Arup advancing Smart Facade development

ClearVue Technologies has signed a consultancy agreement with global engineering consultants Arup to further develop its Smart Façade panel concepts that incorporate the ASX-listed company’s clear glass solar panels. This work will develop four types of self-powered Smart Façades into concepts that can be supplied to selected manufacturers for prototyping and integration into mass production and assembly.

MGC fourth quarter revenues hit high note

MGC Pharmaceuticals’ seed-to-pharmacy strategy is picking up significant momentum with the ASX-listed company reporting revenues of $763,000 in the fourth quarter ended 30 June 2019. The result is due in part to the receipt of $469,000 in revenue from private Canadian cannabis investment company CannaGlobal for cannabis-based cosmetic raw materials under their five-year supply agreement.

PolarX seeking porphyry mammoth in US

PolarX will shortly commence drilling at both its intriguing Saturn porphyry copper-gold target and Zackly copper-gold skarn deposit, located within its Alaska Range project in the US. The company has initiated geophysical surveys at Saturn to help determine the final drill hole positions and it is planning to start a resource extension drilling program at Zackly to grow the existing mineral resource.

Hawkstone expands US lithium clay deposit

Hawkstone Mining has received additional wide, high-grade lithium assays of up to 52m @ 2,042 ppm lithium, from its Big Sandy clay project in the US. The company is finalising its Phase 2 drilling campaign at the Northern Mineralised Zone and is completing a maiden mineral resource estimate for the deposit and definitive metallurgical test work programs for lithium extraction.

Legend signs three Fraser Range JV agreements

Legend Mining has raised $9.8m in a two-tranche subscription agreement with miner Independence Group to fund further exploration. The company has also entered into several joint venture agreements relating to its Rockford project in the Fraser Range, WA, with Legend to acquire a 70% interest in two exploration tenements from the Creasy Group, while Independence will gain a 60% interest in Legend’s Rockford North tenements.

Greenland slashes Kvanefjeld capex by 40%

Greenland Minerals’ optimisation study has successfully reduced the capital cost of its giant Kvanefjeld rare earth project in southern Greenland by almost 40% to USD$505 million. This is partly due to the development of an optimised flotation circuit that can produce a concentrate with grades of at least 22% REO, which allows the scale of refinery circuit and the size of processing equipment to be reduced.

St George drilling to extend Mt Alexander

St George Mining is poised to start drilling 42 new electromagnetic conductors that have been identified by downhole surveys at its flagship Mt Alexander base metals project near Leonora in the Goldfields region of WA. The highest priority targets are located away from defined zones of nickel-copper sulphides and could significantly extend the mineralised ore system in the Cathedrals Belt.

Adriatic extends base metal signature in Bosnia

Adriatic Metals has intersected encouraging, wide intersections of base and precious metals mineralisation from drilling in its new Concession area at the northern end of the Rupice prospect in Bosnia. The company has also outlined a strong chargeable anomaly from a ground geophysical survey, located 200m west of the current program at Rupice, which contains no historical drilling.


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