Public Company News

Barton gets set for IPO and corporate plays with legal counsel appointment

22 May 2020

Private equity backed Barton Gold has laid its cards on the table and signalled its intention to list the ex-WPG Resources mining assets in South Australia on the ASX by appointing a top tier legal firm to handle its IPO. Barton is developing a plan to restart the mothballed Tarcoola project as early as the second half of 2021.

St George Mining

St George ups the ante at Mt Alexander

Matt Birney

22 May 2020

After a successful year of vectoring in on the source of its significant nickel hits at Mt Alexander in WA, St George Mining will now kick off a major drill program. The latest round of drilling comes hot on the heels of the company’s oversubscribed $3.6 million placement, highlighting St Georges commitment to fast-tracking the project .

TNT share price flies on uranium pick up

Matt Birney

22 May 2020

TNT Mines has just picked up a swathe of new uranium-vanadium mineral claims in the US and the market has been all over it with TNT’s stock jumping more than fivefold in the last two weeks, reaching highs of 22c from a low of 4c. The market meerkats are on high alert right now for anything that has a whiff of uranium.

AMA Group

AMA to get boost from first fleet contract with 4000 annual repairs

Matt Birney

22 May 2020

Automotive conglomerate, AMA Group, has locked in its first fleet customer in SG Fleet who manages a 140,000 strong fleet of vehicles. The deal with the fleet management, vehicle leasing and salary packaging firm should add 4000 new repair jobs a year to AMA’s network of panel and mechanical repair workshops across Australia and New Zealand.

88 Energy

88 Energy vectors in on new oil target in Alaska

Matt Birney

21 May 2020

ASX-listed oil explorer, 88 Energy, has identified a second oil appraisal location close to the historical “Heavenly-1” test well at its Icewine project in Alaska’s oil-rich North Slope after integrating the results of its recently drilled, “Charlie-1” gas and condensate discovery well. 88 Energy believes the new appraisal location now has a better chance of finding oil in the target Seabee formation.

Norwest Energy

Norwest joins consortium to lock in rig for Lockyer Deep test

Matt Birney

21 May 2020

Norwest Energy, along with JV partner and Operator, Mineral Resources, is collaborating with other Perth Basin operators to secure a drilling rig for a multi-well program commencing in the third quarter of this year. Norwest and Mineral Resources are looking to join the consortium to secure a rig on beneficial terms to drill their highly anticipated Lockyer Deep-1 exploration well.

Infinity Lithium Corporation

Infinity well placed as EU looks for lithium self-sustainability

Matt Birney

21 May 2020

Perth’s Infinity Lithium has managed to muscle its way into the EU lithium market and was part of a heavyweight team this week that presented to the Vice Presidents of the European Commission and the European Investment Bank. With the EU now on a mission to become self-sustainable in lithium, Infinity’s San Jose lithium project is looking good.

Legend Mining

Legend builds the case for Fraser Range project

Matt Birney

21 May 2020

Legend Mining continues to build on its success in the Fraser Range with recent drilling extending the footprint of the Mawson nickel discovery yet again. Shallow air core drilling has intersected broad zones of nickel-copper mineralisation, pointing to a deeper sulphide source. Legend has its ears laid back now as it vectors in on the source of its recent success.

Altech Chemicals

Altech looks to innovative “green bonds” to finance HPA project

Matt Birney

21 May 2020

Altech Chemicals has been given an official “green” classification for its Malaysian high purity alumina project from an independent research centre, opening the door to the “green bond market” that was valued at nearly USD$250b last year. Green bonds are an environmentally conscious financing instrument used by investors who are looking to invest in environmentally sustainable projects.

Horizon Minerals

Excellent copper-gold numbers for Horizon in Murchison

Matt Birney

21 May 2020

Just as it is breaking ground at its gold project near Kalgoorlie, ASX-listed Horizon Minerals has lit up its Nanadie Well copper-gold project near Meekatharra with intercepts like 12m at 2.16 per cent copper and 2.16g/t gold from just 20m down hole. Horizon said that particular drill hole also included 1m at an impressive 3.7 per cent copper and almost an ounce to the tonne gold.

Ora Banda Mining

Multiple gold hits across multiple locations for Ora Banda Mining

Matt Birney

20 May 2020

Ora Banda Mining has produced a swag of solid gold intercepts from exploration drilling at multiple sites along the mineralised corridors that make up its Davyhurst gold project located north west of Kalgoorlie. Strong hits include 2m at 19.22g/t, 4m at 10.78g/t and 9m at 5.53g/t gold. Drilling at the underground Golden Eagle mine also did not disappoint with 2.1m grading 12.93g/t gold.

Image Resources

Image pays down debt on back of strong mineral sands production

Matt Birney

20 May 2020

Just 18 months after start up at its Boonanarring mine north of Perth, ASX-listed mineral sands miner, Image Resources, continues to hit its milestones with a third scheduled debt repayment of US$7.7m now bowled over. Image has been delivering strong production numbers that routinely exceed the plant’s design specifications and it has systematically defined multiple new ore horizons around the mine.

Market Charts View all

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Runners of the week

Company Name	Open	Peak
Great Western Exploration	0.0010	0.1200
Blackham Resources	0.0160	1.6000
FBR	0.0220	0.1050
Global Oil & Gas	0.0060	0.0150
Metalicity	0.0070	0.0150
DXN	0.0120	0.0250
RTG Mining	0.1200	0.2450
Inca Minerals	0.0010	0.0020
Amani Gold	0.0010	0.0020
Classic Minerals	0.0010	0.0020

Corporate Finance Deals

Company Name
Skin Elements
AVZ Minerals
K2fly
The Agency Group Australia
Vmoto

Director Share Trades

Director Name	Change
George Cameron-Dow at Eve Investments
Garry Triglavcanin at Global Energy Ventures
Christian Easterday at Hot Chili
Paul Garner at Global Energy Ventures
Maurice Brand at Global Energy Ventures
Martin Carolan at Global Energy Ventures
Bill Fry at Eve Investments
Paul Garner at Global Energy Ventures
Martin Carolan at Global Energy Ventures
James Clement at Vysarn