Public Company News

Hammer Metals has nailed down additional strategic tenure in the revered Yandal gold belt of Western Australia. The company has added the Bronzewing North project to its already impressive ground holding in the region and extended its footprint across the world-class terrane to over 260 square kilometres, adding two near-term exploration targets at Sword and Sam Well in the process.

Classic Minerals looks set to deliver early cashflows from the high-grade Kat Gap gold deposit in WA. The company has flagged the early delivery of its modular Gekko gravity processing plant which is now slated to be on the ground in Perth in second half of August 2020. The modular gold plant looks set to deliver Classic a clever short-cut through the development process and a rapid pathway to early cashflows.

ASX-listed aspiring gold developer, Middle Island Resources, appears to have another satellite deposit unfolding at its Sandstone gold project in the central Goldfields of WA as it works towards building a mineable resource inventory to support a strategy of recommissioning the mine site’s mothballed processing plant. The new McIntyre deposit recently returned better intersections of 13m grading 1.94 g/t gold and 9m at 3.53 g/t.

ASX-listed bauxite hopeful Lindian Resources has snared the services of 45-year bauxite and alumina veteran, Yves Occello, pictured, appointing him as a Non-Executive Director as the company looks to beef up its board to execute a plan to advance its high-grade Gaoual conglomerate bauxite project in Guinea towards production. Occello has been a Director of Compagnie de Bauxite de Guinee, Guinea’s largest bauxite producer for 30 years.

With its Browns Range pilot plant in WA’s north set to re-start heavy rare earths production any day now, ASX-listed Northern Minerals has moved quickly to replace its former MD, George Bauk, by promoting long-serving Chief Financial Officer and Company Secretary, Mark Tory, to the role of Chief Executive Officer. Tory is a Chartered Accountant with over three decades of mining industry experience.

ASX-listed gold explorer, Great Southern Mining, looks to have struck paydirt in its first diamond drill hole at its Cox’s Find gold project about 65km north of Laverton in WA, underlining the high-grade aura of the historic project. The Perth-based company returned a bonanza intercept of 1.1m going a whopping 404.0 grams per tonne gold, or an eye-watering 13 ounces to the tonne gold.

Legend Mining believes it is onto the northern extensions of its Mawson nickel discovery in the revered Fraser Range with a down hole EM survey lighting up a booming off-hole conductor adjacent to a recent RC drill hole. The conductor is perfectly positioned along strike from the previously drilled nickel sulphides at Mawson’s with a diamond rig now scheduled to be onsite next week to test the enticing target.

Kingwest Resources is about to embark on a maiden RAB and aircore drilling program at its Goongarrie gold project 40km south of its flagship Menzies project and 90km north of Kalgoorlie. The gold hopeful, who recently completed an encouraging scoping study on the Goongarrie Lady deposit, has decided to sink the drill bit into what it describes as “an overlooked gold exploration opportunity”.

Great Southern Mining has moved to tie up more ground adjacent to its Cox’s Find gold project about 65km north of Laverton in WA, applying for 50sqkm of new tenements along structural trends that host gold deposits within the Duketon greenstone belt. Cox’s Find is located along strike and about 12km from Regis Resources’ Garden Well open pit gold mine.

Barton Gold has kicked off drilling at its Tarcoola gold project in South Australia, targeting high-grade strike and depth extensions to the Perseverance open pit. The current program is expected to plough more than 10,000 metres of drilling into a range of lucrative looking, near mine targets and is aimed at proving up the additional resources needed to underwrite a restart of the Challenger mill.

Venus Metals and Rox Resources have continued to put meat on the bones of the exciting Grace discovery at the Youanmi gold project south of Sandstone, with more high-grade hits rolling off the drill bit. The JV partners are not quite at the halfway mark of a 126-hole, 16,000m RC drilling campaign, which is focused on Grace, underlining the importance the partners place on that prospect.

ASX-listed agribusiness developer, Alterra Ltd, has elevated Non-Executive Director John McGlue to the Chairman’s role as the company advances towards completing feasibility studies on its Carpenters, 300-hectare avocado development in Pemberton. McGlue replaces well known farmer, Trevor Stoney, who served as Chairman from 2012 but remains on the Board as a Non-Executive Director as the company moves forwards with its new business model.