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Big River set to make $79m a year from Brazilian gold mine

Big River Gold is on the verge of establishing a highly profitable, decade-long gold mining operation in north eastern Brazil that looks set to pay for itself within just two and a half years. A definitive feasibility study for the Borborema project shows the Perth company sitting on a stand-alone gold mine that will yield at least 729,000 gold ounces over an initial 10.2-year mine life.

MGC to receive first batch of cannabis dementia drug

ASX listed medical cannabis player, MGC Pharmaceuticals, will receive the first bulk shipment of its “CogniCann” product that will see the start of its phase IIb clinical trials to treat dementia and Alzheimer’s patients kick off. CogniCann is a GMP certified, pharmaceutical grade, medicinal cannabis product specifically developed for the treatment of dementia symptoms to improve specific cognitive functions.

Classic boosts WA gold resource by nearly 40%

Classic Minerals has just given one of its deposit resources at the Forrestania gold project a boost of nearly 40%, courtesy of a systematic drilling program that consistently hit the sweet spots. The updated resource for Lady Magdalene now stands at 5.92 million tonnes grading 1.32 grams per tonne gold for 251,350 ounces – taking the project’s total resource up to 270,100 ounces of gold.

Hot Chili on fire as year draws to a close

Hot Chili is on fire at its Cortadera project in Chile, finishing off the year in style with a suite of impressive copper and gold hits for the second time in as many weeks. The Cupero 2 prospect has again delivered, with an 80m drill hit going 0.8% copper, 0.3g/t gold and 3.8g/t silver, right from surface. This includes 26m @ 1.7% copper and 0.7g/t gold from 54 metres depth.

Lindian about to drill test bauxite play in Guinea

Lindian’s Gaoual bauxite project in Guinea will soon be peppered with drill holes courtesy of an auger drill program that will target the Bouba and Mamaya prospects that are thought to be the more lucrative, conglomerate hosted deposits. Surface samples from Gaoual recently returned an impressive 53.57% alumina and a two-pronged drilling program is now being planned to assess the overall grade, thickness and scale of the deposit.

K2fly inks long term contract with Westgold

Listed mining software company K2fly has been racking and stacking a solid slew of major mining companies into its client base, inking yet another long-term contract, this one with serious mining player, Westgold. Westgold’s new contract with K2fly holds an initial total contract value of over $580,000 with the two companies also looking to collaborate on future working enhancements to the existing software system.

Blackstone makes nickel sulphide discovery in Vietnam

Blackstone Minerals’ drilling program in Vietnam has continued to churn out some impressive nickel and platinum group metal results from its Ta Khoa nickel project, located west of Hanoi in northern Vietnam, with a surprising new discovery at King Cobra. Assays are still pending for this new nickel discovery whilst broad intercepts at the Ban Phuc disseminated sulphide zone continue to entice with 106m @ 0.45% nickel.

Terrain to pick up new WA gold play near Yalgoo

As another old goldfield prepares to rise like a phoenix from the ashes, Terrain Minerals has hatched a plan to capture its value as the company elects to proceed with a farm-in agreement with a private vendor for the Smokebush gold project, an exploration play located about 65 kilometres west of Paynes Find in WA. Newly discovered historical numbers include 2 metres grading 11.3 grams per tonne gold from 70 metres downhole.

Calidus strengthens case to go underground at Warrawoona

As Calidus Resources rolls on towards the end of a successful field season at its Warrawoona gold project in the East Pilbara of WA, a suite of exciting assays have come in that may provide a boost to its 1.25 million ounce resource. Drilling up to 200m below the base of the proposed open cut mine hit 1m @ 55.2g/t gold and 1.11m @ 31.2g/t gold – giving the company a hint that an underground operation just might fly.

ClearVue breaks into Chinese market with solar windows

Green energy innovator, ClearVue Technologies, has consolidated its position in the global sustainable energy sector after securing a lucrative supply agreement with Treasure Engineering Limited in Hong Kong, The deal, which will significantly boost ClearVue’s hopes of full commercialisation of its unique solar window glass technology, will see Treasure Engineering exclusively distribute its product in Hong Kong and Macau.

Neometals looks to commercialise lithium waste

Neometals is embarking on a collaborative research and development project with the Queensland University of Technology to build a synthetic “zeolite” manufacturing plant that will take waste produced from the lithium refining process and turn it into a potentially lucrative material. The R&D project will be co-funded to the tune of $2.57 million courtesy of the Innovative Manufacturing Cooperative Research Centre.

MGC hits 1800 medicinal cannabis prescriptions

MGC Pharmaceuticals has expanded the number of patients prescribing for or being processed to receive prescriptions for its medical cannabis-based pharmaceutical products in Australia, the UK, Brazil and Ireland with the company racking up over 1800 prescriptions to-date. Management said the milestone readily demonstrates its strengthening position and momentum in those key markets, with its sales graph continuing to climb month by month.

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