Public Company News

Venus onto new gold & nickel targets in Goldfields

10 May 2020

Venus Metals has lodged four new tenement applications about 50 kilometres northwest of Menzies in Western Australia and it has identified some interesting gold and nickel targets by conducting a historical data review at the project. The project is nestled on the boundary between the revered Youanmi and Kalgoorlie Terranes in the central section of the Yilgarn Craton.

Middle Island Resources

Middle Island hits 4th new gold find at Sandstone

Matt Birney

10 May 2020

For the fourth time in as many weeks, Middle Island Resources has ferreted out another emerging deposit less than a kilometre from its mothballed 600Ktpa processing plant in Sandstone, underlining the company’s intention to restart gold mining in the historic West Australian mining precinct. New results have extended the Plum Pudding deposit to the south and include 3m grading 3.72g/t from 29m and 10m grading 3.08g/t from 41m.

Northern Minerals

Northern looks to renewables for Browns Range

Matt Birney

07 May 2020

Local heavy rare earths producer, Northern Minerals, has executed a letter of intent with Soluna Australia to develop a renewable energy power plant and battery storage facility at Northern’s Browns Range mine in the East Kimberley region of Western Australia. Soluna Australia is the energy storage division of ASX-listed Lithium Australia and Chinese joint venture partner, DLG Energy.

88 Energy

XCD Energy board endorses improved 88 Energy takeover offer

Matt Birney

07 May 2020

ASX-listed 88 Energy has received the unanimous support of the board of directors at XCD Energy after 88 Energy increased its off-market, all-scrip offer for the fellow Perth-based and Alaska-focused, small-cap oil exploration player today. If accepted, the improved offer will increase XCD security holders interest in 88 Energy post deal from 15 to 20 per cent.

ClearVue Technologies

ClearVue boosts smart window power output

Matt Birney

07 May 2020

ClearVue Technologies has boosted the power output of its smart solar window glass panel prototype by a massive 33 per cent to 40 watts per square metre after enlisting help from solar specialist, D2 Solar, based in San Jose in California’s Silicon Valley. The uplift in power output cannot be overstated for the ASX-listed ClearVue and may be something of a game changer.

Impact Minerals

Record PGM prices a windfall for Impact

Matt Birney

07 May 2020

With platinum group metals pricing reaching near record prices, Impact Minerals has re-analysed previous drilling samples from its poly-metallic Red Hill prospect in NSW and come across some remarkable numbers including 29m grading 10.9g/t 7PGM, which comprises the six platinum group metals plus gold. This near 30m zone includes copper grading 2.3%, 0.4% nickel.

Deep Yellow

New metallurgical work to enhance Deep Yellow uranium PFS

Matt Birney

06 May 2020

Uranium developer, Deep Yellow, is backing its view that the uranium price is on the move, with significant metallurgical test work at its Namibian uranium play showing positive results that should provide a boost to the project pre-feasibility study. Deep Yellow has deep pockets too, with around $13M in the bank as at the end of Q1.

Lithium Australia

Lithium Australia to enter Chinese EV battery supply chain

Matt Birney

06 May 2020

After thirteen years of research and development in advanced cathodic materials, ASX-listed Lithium Australia, via its subsidiary, the Very Small Particle Company, is about to ramp up its commercial cathode powder production. VSPC is finalising an agreement to produce 1,200 tonnes per of lithium ferro phosphate cathode powders initially in China to supply battery manufacturers to the burgeoning Chinese electric vehicle market.

Venus Metals Corporation

Youanmi throws up more solid numbers for Venus/Rox

Matt Birney

06 May 2020

The Grace prospect has come up with the numbers again for Venus Metals and its managing JV partner Rox Resources at their Youanmi South project in the Goldfields, with new results over 30 gold gram metres clearly defining a high-grade mineralised zone that sits within a wider overall series of repeating gold bearing structures that plunge to the north.

Northern Minerals

Govt rejection of Chinese money puts small caps under pressure

Matt Birney

04 May 2020

The Australian Government Foreign Investment Review Board’s rejections of Chinese investments into ASX-listed mining and exploration companies is confounding and building a looming dark cloud over a sector that often lives or dies on the back of Chinese investment. Northern Minerals lost $20m Chinese investment is a good case in point after FIRB, who looks to be captured by anti-Chinese sentiment right now, rejected that application.

Lindian Resources

Lindian hits grade at conglomerate bauxite play in Guinea

Matt Birney

04 May 2020

The results are in for the initial laboratory test work from Lindian Resources’ maiden drilling program at its Gaoual bauxite project in Guinea, with the company declaring that it has a high-grade conglomerate bauxite play on its hands at the Bouba plateau. Lindian said the average grades from the primary Bouba plateau samples were 56% alumina and the “total available alumina” was in excess of 51% when measured at low temperatures.

Adriatic Metals

Adriatic hits more massive sulphides in Bosnia

Matt Birney

04 May 2020

Adriatic Metals has extended its Rupice high-grade poly metallic deposit in Bosnia another 20 metres at depth with a stellar intercept over nearly 9 metres running at 2.4g/t gold, 398g/t silver, 1.79% zinc, 3.16% lead, 0.35% copper and 45% barite from 368.5m down hole. The company said that this is the deepest massive sulphide intercept at the southern end of Rupice.

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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
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The Agency Group Australia
Vmoto

Director Share Trades

Director Name	Change
Simon Morten at TNG
Geoff Baldwin at AssetOwl
Melanie Kiely at Australian Finance Group
Matthew Banks at Rumble Resources
Malcolm Watkins at Australian Finance Group
Andrew Lane at AssetOwl
Brett McKeon at Australian Finance Group
Adrian Trevisan at AssetOwl
Anthony Gill at Australian Finance Group
Brett Keillor at Rumble Resources