Public Company News

Middle Island hits 14 gram dirt at Sandstone

ASX explorer Middle Island Resources’ diamond drilling campaign at the Two Mile Hill gold deposit in Western Australia has had a fantastic start with the first hole intersecting 8m @ 14.5g/t gold in the a banded iron formation. This style of mineralisation adds to the more substantial, but lower grade, adjacent tonalite-hosted style mineralisation in the deposit.

Anglo hits 20m @ 2.41 g/t gold near Kalgoorlie

Anglo Australian Resources has identified a new 200m long zone of mineralisation parallel and to the west of the very prospective Ethereal Shear Zone at its Feysville Gold Project, just 14km south of Kalgoorlie in Western Australia. The best result from the drilling campaign was a 20m intersection grading 2.41g/t gold from 96m at the main Think Big prospect.

Ironbark looks to appoint underground miner in Greenland

ASX listed Ironbark Zinc has signed a Memorandum of Understanding with Byrnecut Offshore for the provision of underground contract mining services and underground mine cost modelling for the Citronen zinc project in Greenland. Byrnecut will also provide the underground mining fleet, hold the debt and security over the equipment and assist with the company’s training and employment obligations.

Lead lode thicker than expected for Galena

Galena Mining’s resource drilling of the “apron zone” at its Abra project near Meekatharra has delivered wider intersections than expected, with results up to 28.3m grading 8.9% lead and 52g/t silver from 346.9m down-hole, including 8.1m at an impressive 11.2% lead from 395.8m deep. The drilling campaign is shoring up mineral resources that are to be incorporated into the company’s ongoing PFS, due for release next month.

Northern Minerals identifies new rare earths target

Preliminary drilling at Northern Minerals’ Browns Range heavy rare earths project in the Kimberley region of W.A. has intersected significant mineralisation in the Gardiner sandstone, which stretches over tens of kilometres. The Gardiner was previously considered to be less prospective than the underlying Browns Range Metamorphics that host the Wolverine and Gambit West deposits.

Volt locks in 2nd graphite off-take at Bunyu

Volt Resources will sell 9,000 tonnes of graphite a year from the company’s Bunyu graphite project to major Chinese graphite processor and distributor, Qingdao Tiangshengda Graphite, for at least 5 years. Qingdao Tiangshengda is a global, vertically integrated graphite processor and distributor with substantial annual capacity to process graphite and produce value added products including expandable graphite, flake graphite and battery metals powders.

Aquabotix on fast track for US Government contracts

ASX listed Aquabotix has joined the “Undersea Technology Innovation Consortium” that enables members to deliver new technologies quicker and more efficiently than traditional US federal acquisition requirements would otherwise permit. This is made possible by the “Other Transaction Authority” agreement for Undersea Technology Innovation that the consortium reached with the US Naval Undersea Warfare Center in June.

BlackEarth graphite strike now over 1.2km

BlackEarth Minerals has reported consistent high grade assays and wide ore thicknesses from a step out drilling campaign at its Razafy graphite prospect in southern Madagascar. Results of up to 35.7m @ 7.6% total graphitic carbon from 10.1m down-hole, included a 7m intersection @ 10.7% TGC from just 20m. Geological data and results are being collated ahead of a maiden resource estimate due in August.

Vonex teams up with NASDAQ listed CounterPath

Newly listed telco Vonex, has formed a marketing and partnership agreement with Canadian global communications software solutions provider CounterPath to jointly market a combined telco product offering to existing and potential customers. Vonex will also sell selected Counterpath products under its own brand.

TNG jumps native title hurdle at vanadium project

TNG Limited has received in-principle approval for a landmark Native Title Mining Agreement covering its Mount Peake vanadium-titanium-iron project located 230km northwest of Alice Springs in the Northern Territory. Once the agreement is executed, the company will have a clear runway to finalise financing and site-based construction activities. With the vanadium markets hotting up TNG appears to be in the right business at the right time.

Half a million ounces and counting for Bellevue Gold

Bellevue Gold has announced a high grade mineral resource of 1.9 million tonnes grading 8.2g/t gold for 500,000 ounces at its namesake project, near Leinster in the Goldfields of W.A. The resources lie adjacent to existing underground workings from surface to a depth of 450m. The company says this is an interim resource that still has significant scope to increase with more drilling.

Southern Gold poised to reopen S. Korean gold mine

ASX listed Southern Gold’s partner Bluebird Merchant Ventures has delivered a positive report regarding the economics of re-opening the old Gubong gold mine in South Korea. The project could start gold production by late 2019. Pre-construction work has started that will lead to the completion of a full feasibility study for the processing plant and commencement of mining.


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