Public Company News

Impact Minerals has uncovered what it believes to be the most prospective targets in its entire portfolio at the Aspley copper-gold prospect in its Commonwealth project in NSW’s Lachlan Fold Belt. The company has prioritised the new targets and believes it is drilling for jam in a zinc doughnut. The anomalies were uncovered following a geophysical survey and the company has fast-tracked its drilling program.

Horizon Minerals has reeled off a swag of high-grade gold drill hits from another of its core satellite gold deposits that form part of its proposed Boorara gold production hub, 10km east of Kalgoorlie. Infill and extensional drilling carried out at the company’s Jacques Find gold deposit at the Teal gold camp returned bonanza shallow high-grade intersections including 19.2m at 12.53 g/t gold from 42m and 8m at 12.10 g/t from 60m.

Blackstone Minerals continues to strike nickel sulphides at the company’s King Snake discovery in Vietnam, with diamond drilling intersecting 19.55 metres of disseminated to massive sulphide mineralisation within the emerging high-grade vein system. This latest interval follows up on a raft of new intercepts from two electromagnetic targets identified below the high-grade discovery, with the sulphide lode appearing to thicken at depth.

Classic Minerals has returned a plethora of high-grade gold hits from a significant infill and extensional drilling program at its Kat Gap gold project about 170km south of Southern Cross in WA. Stand-out drill intersections were 3m at 12 g/t gold from 127m including 1m at 17.90 g/t, 2m at 9.45 g/t from 174m including 1m at 17.80 g/t, and 4m at 7.96 g/t from 77m including 1m at 20.90 g/t from 77m.

Pet owners have rallied to help ASX-listed PharmAust start to evaluate the effects of its newly formulated anti-cancer drug, Monepantel on dogs suffering from B-cell lymphoma in a planned phase IIb clinical trial. The Perth-based company, who hopes to further substantiate Monepantel’s tumour-reduction qualities, says several hounds have already been successfully recruited and have commenced treatment with Monepantel tablets.

Diamond drilling by gold producer in waiting, Calidus Resources, has threaded the eye of the needle, striking gold more than 600 metres below surface at its under-construction Warrawoona gold mine in WA’s East Pilbara region. According to the company, the narrow, high-grade gold drill hits provide it with plenty of encouragement for a potential longer-term underground mining proposition at Warrawoona.

Having made good on its promise to breathe new life into Eastern Goldfields Ltd’s Davyhurst gold project near Kalgoorlie after that company fell over a couple of years ago, Ora Banda Mining has moved to usher in a new management era with the appointment of Peter Nicholson as its new CEO. Mr Nicholson hails from global mining-focused private equity firm Resource Capital Funds.

ASX-listed Altech Chemicals’ 75 per cent-owned German subsidiary, Altech Industries Germany is set to begin a pre-feasibility study on the potential construction of a battery materials high purity alumina coating plant in Germany. The company says the PFS will assess the commercial viability of building the plant, which would coat anode-grade battery materials with HPA using its own alumina coating technology.

Ardiden has picked up an encouraging hint of gold-bearing mineralisation similar to that of an adjoining historical high-grade gold mine from drilling at one of its high-priority brownfields targets within its Pickle Lake gold project in north-west Ontario, Canada. The company’s South Limb prospect is located immediately along strike of the former Dona Lake mine, which produced 246,500 ounces of gold from ore grading 6.6 g/t before closing in 1993.

Terrain Minerals is hunting down a wealth of newly defined gold targets in WA’s Murchison Goldfield, with geophysical surveying at its Smokebush project highlighting key prospects for drill testing. The company recently completed detailed ground magnetic surveys across the Monza, Paradise City and Wildflower targets with each of the developing prospects having previously returned anomalous gold results.

Podium Minerals is drilling again at its Parks Reef platinum group element discovery in WA’s Mid West as it sets about filling in up to 6.5km of strike length along the mineralised trend which now totals around 15km. Drilling to date has delivered an inferred mineral resource containing almost 1.4Moz of combined platinum, palladium and gold, plus some base metal credits.

Legend Mining’s strategy at its Mawson nickel discovery in WA continues to pay dividends, with first-pass metallurgical test work knocking out high-grade nickel and copper concentrate samples. Recent test work produced two critical products, with the primary stream yielding a concentrate grading an impressive 13.1 per cent nickel, whilst the secondary stream delivered a copper concentrate weighing in at a stunning 31.8 per cent copper.