Public Company News

Ex-banker leads finance push for Geopacific gold play

Geopacific Resources has appointed former Bank South Pacific Limited Group CEO Ian Clyne as its Chairman to drive financing arrangements for the company’s flagship Woodlark gold project in PNG. Last November, the company released a DFS supporting the project’s development, saying the project could generate $257m in free cash during the first five years of production and about 1 million gold ounces over 13 years.

King River eyes high purity alumina

King River Resources could have another potential revenue stream for its massive Speewah specialty metals project in WA’s Kimberley region after producing HPA during metallurgical test work. Further tests will be carried out to improve precipitation efficiency, reduce the amount of hydrochloric gas required and increase recycling of hydrochloric gas. The company also plans to find the best method for producing HPA.

Kairos kicks off gold-lithium exploration in Pilbara

Kairos Minerals has started its exploration field season in WA’s Pilbara region on two fronts, following up extensive surface gold anomalies previously identified at the Croydon project and investigating the gold and lithium potential of its Kangan project. At Croydon, work is underway to investigate a prospective conglomerate horizon along strike from recent gold nugget discoveries and anomalous results from geochemical sampling.

TNG appoints McMahon for NT infrastructure work

TNG Ltd has engaged Australian contractor McMahon Services to progress the program of work for the non-process infrastructure requirements of its flagship Mount Peake vanadium-titanium-iron project in the Northern Territory. McMahon will advance the infrastructure planning developed by TNG, develop the tendering documents and implement the strategy and delivery framework for the infrastructure works packages.

Thick copper-gold zones for Hot Chili in S. America

Hot Chili has outlined thick zones of porphyry-related copper and gold mineralisation during its maiden RC drilling campaign at the large Cortadera deposit located in central Chile. Results included 122m @ 0.6% copper and 0.3g/t gold directly from the surface, including a high-grade intercept of 20m @ 1.2% copper and 0.5g/t gold from 40m down-hole, related to a wide supergene enriched zone of copper.

Lithium Australia in Chinese battery team-up

Lithium Australia is seeking to become a leading lithium-ion battery supplier through an alliance with DLG Battery – one of China’s ten largest battery manufacturers. The two companies will form a joint venture to manufacture lithium-ion packs and modules in Australia, produce batteries using their technologies for both local and global markets and offer battery-recycling solutions.

TNG wins Vietnam patents for vanadium processing tech

TNG Ltd has been granted Vietnamese patents for its proprietary TIVAN technology for the extraction and recovery of high-purity vanadium, complementing its existing patents in Australia, Russia, Canada and the US. The patents provide further protection for the hydrometallurgical process as it progresses its Mount Peake vanadium-titanium-iron project in the Northern Territory.

Black Rock’s Tanzanian graphite prices set in stone

Black Rock has executed two further Chinese offtake agreements at mutually agreed grades, volumes and prices for the premium graphite flake concentrate products sourced and processed from its impressive Mahenge project in Tanzania. With the pricing framework now in place for four of its five offtake partners, the company is now focussed on delivering an optimised Definitive Feasibility Study for the project.

Hammer uncovers intriguing gold-copper trends in Qld

Hammer Metals’ rock chip sampling at the Malbon region near Mount Isa in northwest Queensland has returned intriguing grades of up to 12.9 grams per tonne gold and 15.8% copper and identified the new Speculation, Pioneer Prince and Alice-Kings trends. The company said that outcrop in the area is sparse and further mapping and sampling would be required to understand the extent and structural controls of mineralisation.

Strike on track to spud Perth Basin oil and gas well

Strike Energy is on track to spud its highly anticipated West Erregulla-2 well in the Perth Basin, which will target up to 1.16 trillion cubic feet of gas and 7.2 million barrels of oil, later this month. The company recently uncovered further evidence that West Erregulla is similar to Japanese company Mitsui’s nearby Waitsia gas field - one of Australia’s largest onshore gas fields.

Blackstone to acquire Vietnamese nickel project

Blackstone Minerals is set to acquire a 90% interest in the advanced Ta Khoa nickel project in northern Vietnam from AMR Nickel Limited over a 12-month period costing AUD$1.6m in cash and scrip. The project includes an existing 450,000 tonne per annum concentrator and is located in a prospective, underexplored district that contains numerous massive and disseminated sulphide occurrences with nickel, copper, cobalt and PGEs.

Altech hits construction milestone at HPA plant

Altech Chemicals has reached another milestone on its journey towards becoming a significant high purity alumina, producer with the raising of the first steel column at its plant site in Johor, Malaysia. The plant in the Tanjung Industrial complex will produce up to 4,500 tonnes of HPA from very pure kaolin clays sourced from the company’s shallow open pit mine near Meckering in WA.


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