Public Company News

They did it – Northern Minerals produces rare earths in W.A

Northern Minerals processing plant for the Browns Range heavy rare earths project in the Kimberley region was officially opened last week. The company will now commence commercial production of heavy rare earth carbonate for export. The project is 100% owned by the Northern Minerals who has a dominant tenement position in the Browns Range region that still has significant exploration upside potential.

Peppermint to tap USD$1bn Filipino remittance market

Peppermint Innovation has signed a partnership agreement with leading Philippines non-bank remittance payout provider, Direct Agent 5 that provides a windo of opportunity into the Filipino remittance market that is worth more than USD$1bn. Peppermint will tap Direct Agent 5’s extensive network in the Philippines, which covers more than 1000 locations, to payout remittances for its customers.

Altech ends site clearance for Malaysian HPA plant

Altech Chemicals has reported that German engineering contractor SMS group has completed site works ahead of construction of its large HPA plant in Johor State, in southern Malaysia. When fully operational, the plant will produce up to 4,500 tonnes of HPA annually, with the product being used in high tech applications such as LED lighting, separators in lithium-ion batteries and advanced mobile phone technology.

CVCheck revenues hit new record after corporate focus

CVCheck has posted record revenues of $3.4m for the fourth quarter of the 2018 financial year, up 25% from the previous corresponding quarter, whilst full year revenues were up 20% to $12.5m. This was due to 36% growth in the corporate and SME segments and a surge in New Zealand Children’s Worker Safety Checks.

Lepidico seeks lithium on Venus ground

Venus Metals has reached an agreement under which lithium company Lepidico can earn up to 80% of the lithium rights at the Youanmi project by completing a full Feasibility Study leading to a Decision to Mine. Venus will receive $170,000 in cash and Lepidico shares for a 12 month exploration option and a further $350,000 in cash and scrip on signing a joint venture deal.

Visible gold in first drill hole for Spectrum in US

Spectrum Rare Earths has reported success from its first underground diamond drill hole at the Washington gold project in northern California. Visible gold with base metal sulphides were identified from drill core intersecting the prized Dean vein, with assays pending. The short drilling campaign is part of a wider due diligence process at the decommissioned mine, where the company has secured a 3-month exclusive option.

Artemis hits 2.32% cobalt at Carlow Castle

Artemis Resources’ has hit a number of exciting multi-mineral drill intersections including 6.5m @ 23.44g/t gold, 2.32% cobalt and 10.35% copper from 47m down-hole at its Carlow Castle project in the Pilbara, W.A. The infill drilling campaign is designed to increase resource definition and has been expanded to further test the project, which remains open along strike and at depth.

Exploration smorgasbord for Coziron

Having locked away its iron ore resource in the Pilbara, Coziron Resources has now shifted gear to focus on the systematic exploration of its impressive W.A. gold and vanadium projects. The company intends to concentrate on its large Buddadoo vanadium project in the Midwest and it will also look to prove up the highly prospective Croyden Top-Camp gold project, an advanced exploration play in the western Pilbara.

Blackham picks up 620k ounces gold from old dumps

Blackham Resources has estimated a free milling mineral resource of 33.6Mt @ 0.57g/t, for 620,000oz of contained gold, within the tailings at its Wiluna Project in W.A. Work is underway to potentially enhance gold recovery along with confirming potential mining and processing options that may be integrated into Blackham’s future operations.

King River hits the mark with vanadium metallurgy

King River Copper has announced outstanding results from hydrometallurgical test work completed on its flagship Speewah vanadium/titanium deposit, south of Kununurra in W.A. The company reported that it had managed to produce the coveted grade of 99.51% pure vanadium pentoxide. The test work is examining a new direct leaching-precipitation method to make premium vanadium, titanium and iron products from the Speewah deposit ores.

Classic hits new gold zone at Forrestania

Classic Minerals has produced more high grade drilling results from exploration at its Kat Gap and Lady Magdalene gold prospects, near Southern Cross in W.A. A new zone of gold hosted in granite was outlined at Kat Gap and returned results up to 8m @ 7.14g/t gold from 82m down-hole and it is open along strike. The company also reported a result of 0.23% lithium oxide from pegmatite sampling.

Geko project shovel ready for Coolgardie Minerals

Coolgardie Minerals has reported strong investor support for its IPO that closed last week after the company easily raised in excess of the $4m it needed to get its flagship Geko gold project underway near Bullabulling in the Goldfields. The company will now further explore the project and look to create an early cashflow from it by investigating what toll treating options might be available.


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